Member Info for devonplay

It depends on expectations. I decided a long time ago that they're wrong as often as they right.
If the softness persists I'll make a little top-up 21/22 ISA. I see no reason why the enormous over performance can't continue for the next decade. Quality always prevails in the long term.

Strong performance from HGT today I thought. Long term holder, excess of 10 years. Interesting to see what the narket makes of it by the end of the day.

It's been a long slog, but it's decent business and that's much more important that the short term travails the market applies to the share price.
As some one said one, short term voting machine, long term weighing machine. They remain well positioned to exploit the maturing portfolio and discover new opportunities....the real definition of patient capital. :)

Vey much up. I only hold the debt, but I think Wagamama is a decent business. I bougght the debt well under par, so funding raising looks a sound decision to take advantage of the distressed competitors.

Maiden Dividend. Wasn't expecting that. Held these for a number of years, still under water. I always planned to double down when I'd finished restructuring my portfolio to finance my very early retirement. Board must be confident given it's remit. Hopefully we are over the Woodford bump now. I'll add more on market softness during 21/22,

Well, I wasn't expecting that. Given the nature of the remit here's it suggest the Board is confident about the near future.
I've held a smaller number of these for a number of years, still under water, with the intention of doubling down when I'd finished restructuring my portfolio to deal with my very early retirement.
I've always believed they have a structural advantage in snuffling our potentially lucrative start-ups.
Hopefully this means we are behind the Woodford bump now. I may add on any market softness during 21/22. Overall, I thought a very promising report, guess we'll know what the market thinks by the end of the day.

I'm only asking you to provide some evidence for you statements? Can you to the last few assertions?
My responses are only negative in terms of your wild unsubstantiated claims.
What we do know is sales were down 26% when you speculated they would be up. Speculations that have included young people are becoming collectors in hordes, web activity will be through the roof, American will be spending their relief cheques on stamps, the opening of the shop, re-opening of the high street. Have I missed any? I'm sure there were more.
I have said there's a hope for SGI over and over again. But I've also agreed with the Board's view that they are only at the very early stages of the turn-around and there's no guarantee it will be a success. My view, as I've over and over again, is that it could take years, anything up to 5 years. So, what the share price does over a matter of weeks or months matters very little to me. The opposite appear to be the case for you, which suggests you wan OUT.
Silence, the only silence I want is from unsubstantiated pumping. Any chance? Even a chance of something that backs up yours speculations? That stands up to critical consideration> at least we have the last figures to go by SALES ARE DOWN 26%

So, I'm guessing nothing to back up the statement of increased price on eBay for "collecting".
The anecdotal evidence I've seen suggests:
Many "shops" stopped trading on the platform because of supply and delivery issues
There actually been a fallen prices for many traders because of the way eBay promotes sellers
There's been a significant increase in Chinese traders that's driven prices down in lots of lines f goods
None of that has any particular importance for SGI, but if for a moment you're correct, then it suggest SGI sales, which to remind you: SALES ARE DOWN 26% were structurally worse than Sellers on eBay got. SGI couldn't convert surging prices in to top line sales...........if you are correct.

"as evidenced by regular record prices on eBay for example"
But we know that SGI hasn't benefited from that over the last year.
Is that how you think of SGI? Like an eBay equivalent? Thought we'd been there before and it resulted in terrible crash for the business....I'm a little surprised that eBay sellers have been achieving record prices. I thought they had a very difficult year with disruption to deliveries resulting in many eBay shops closing? Have you got a link to the source that shows historically high prices on eBay? I
Let's just remind ourselves of SGI's 30 September Interims.......SALES ARE DOWN 26%

HNW collectors - I think very limited number of people. It's just fanciful to think large numbers of American will be rushing out to buy stamps. The evidence suggest 60% of them have been badly effected by Covid. Many think to an extent they will never recover financially. Of the 40% who've had a positive effect, they've bought equities, bonds, property and added cash.
Hardly a time to suggest there will be mass purchasing of stamps..there's more Americans on the food line now than there's been for many, many decades. Food or stamps? It's not a tough guess.
As we've already seen the popular assets class hike in value over 12 months, there's nothing to suggest they'll change. Most HNW individuals were at best children the last time stamps were considered an asset class. You'd have to be a fan of 70's sitcoms and drama to have any exposure to the concept ;)

"...too much high cost price stock with unattainable retail prices, especially in the GB stock."
I have to say that's my view. Hence my question to Carpe that week. I was specific about the old stock they own, that had to be revalued for their books, but is it still inflated? I don't have that answer, but just this nagging feeling. It could take them years to get rid of that stock, even more to reduce the debt to any substantial level.
I'm not convinced that people will be rushing to stamps as an asset class, or taking up the hobby. There's no evidnece that's happing, actually the opposite, there's been large increases in cash saving, home prices, private investor appetite for listed equity and even crypto coins. That over priced might take a very long time to shift indeed.

"Should be great news for stamp, coin, antique collectors community" Unlikely.

"those with stamp collections are urged to burn them"
- less than 0.2% of under 25's. Cant remember where I go that figure from, but I'm pretty sure it's an accurate quote.

No problem, we got what you meant. It's, in my opinion, because of the lack of public float. You can tell by the amount of trades that's nothing to do with demand LOL There ain't any.
It does mean the price could move up quickly if there was, but then you might face the other problem...a lack of buyers when you try to sell and that spread extending and clobbering your profits.
As I've said before, that have have to keep 25% of it floating, bit why they bother to stay on the public market is beyond me, unless they think taking it off would make it impossible to get back on. Saying that it must a pretty penny, maybe £50k a year? That's not a lot, unless your unprofitable and carrying heavy debt that's not going down at any great speed. It's not like it's a growth business in a growth sector, so I suspect a bit disinterested in it for the next few years, Except fr Pearls, who obviously want out LOL

I thought today's figures were OK'sh. I wouldn't be rushing to buy them or sell them. Shame they didn't manage to keep up with their bench mark, but not unexpected. I'm happy to sit back for a few year, I guess that's in the nature of holders of this class and sector of collective and see what happens. Neutral at best, but we are a long way from being out of the present troubles, so if you're keen to buy, top up or add I suspect we'll get a better chance other the next 12 months.

"Any of you considering selling out on here today because of the pretty obvious double top forming in this stock are welcome to join the party over at SGI where the shares are beginning to move upwards and where the party’s only just beginning"
Dump and dump. Guess who posted this on the ARB boards?
Debenhams all over again. Pumped it then lost £12k and claimed, you've guessed it, "manipulation".
.......I find that sort of behaviour a disgrace.

"Why are arb people on here? They are messing with my head."
I believe Pearls has been on other threads trying to drum up interest in SGI..........must have gone a bit too far on the ARB board.
Pearls must be so desperate to get out of this.

- this isn't so bad for SGI, I can remember it being over 20% lots of time. Buy it and n paper you've already kissed the better part of 20% away. That and "Greeter's" comments about liquidity, then it a tough trade. I guess that's why there little interest.

I thought the auction catalogue was pretty poor, very few collections and well filled with old SG stock. Having spent a huge amount on an unnecessary shop refurb, I'm not expecting a rush to the Strand in April. Sorry for being a gloomster, but I wish it wasn't so.
- I always suspect they are losing money on that old SGI stock, even when someone buys it at the expensive SGI price. I'd be interested on your thoughts on that Carpe?

"I have been biding my time" LOL You've been calling the imminent recovery for year, so I guess you have :) hahaha