Member Info for devonplay

"Devon, why shouldn’t this demographic be pushing out the boat a bit more at this time? "
Because the evidence from European listed discretionary sellers suggests they are cutting their spending by around 20%
Which is backed up the figures coming out of China. In the reports coming out on the future plans of more average consumers is suggetsing they are planning to cut expenditure by 20%
That suggests a consensus across the board of a 20% cut by both the unleveraged older consumers and the younger less well heeled consumer.

"Hopefully like Premier Foods and Netflix are finding" = £2'sh & £5.99 spend.
or
"buying gold coins for £1000+ each" spend
- can't see how you can draw the conclusion that if people are spending small amounts, they're also going to be out spending 000's!
Falls into the wishful thinking catergory if you ask me.

So, just to be clear, you think the high spending older people who power the discretionary luxury market will cut their spending on other luxuries, by the tune of 20%, but will still keep buying stamps....so the "same logic" doesn't apply to stamps as is being experienced by other niche non-essential retailers. Yes, they are a retailers.
What I am surprised is that a small indebted company in a niche market hasn't cratered more than this.
I guess you can see some of the lack of interest in the stock being played out on "up" days. SGI don't always participate.
For clarity: I own Netflix equity and Premiere Foods debt.

For once I find myself in agreement with you. Netflix has certainly become, for the moment, a central part of popular global culture and when it comes to discretionary cheap treats what's better for a solitary perosn or family uplift than 96% of the UK's favourite brands. What's been very hard hit are the discretionary luxuries like Kering's luxury brands (one of the poorest performers today). Yes, you can just imagine people gathered around their TV (or smart video device) watching Netflix and enjoying one of the UK most popular brands as they decide against paying the rent, utility bills and putting food on the tables so they can buy someting from Stanley Gibbons.....everyone is staying in, but there's clear evidence they aren't opting to spend on non-essential items and if we follow the China experience they'll will be considering reducing non-essential spending by -20% after lockdown. The question you have to consider is"are stamps essential or not". If they answer is they aren't then SGI could see a significant drop post lockdown in activity. Step forward the arguement that stamps are AGAIN a solid investment...
Ps. I believe Kering's are saying they are less than confident about a recovery in China than other brands.

Debenhams strikes deals to rescue most stores
https://www.bbc.co.uk/news/business-52330268
"Admin lite" they've timed that well. Still on track to pay debt holders.

"Guaranteed Notes at 4.875% due 2023."
Just bought some.

And so has the spread: Spread: 0.50 (25.00%)
Yikes! If you bought recently, you might at this point be even if you need to sell.

1.4 During the period the Joint Administrators have concluded matters that remained outstanding at the time of drafting the Company’s previous progress report, namely:
Recovering funds held by the Company’s share registrar in relation to unclaimed shareholder dividends into the Administration estate. Work undertaken withthe share registrar also included a large extraction of Company data from their records, whichis now held by the Company, with all data held by the shareregistrar having been destroyed.

And the Administrator's Final Report;
https://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/debenhams-plc/joint-administrators-final-progress-report-to-17-march-2020-17-march-2020.pdf

"The Debenham's we had shares in is long gone"
Here's the Notice of move from administration to dissolution for the listed equity;
https://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-public/debenhams-plc/form-am23-notice-of-move-from-administration-to-dissolution-17-march-2020.pdf

Now it's 21.43% Ouch Ouch!!

19.35% spread Ouch!

https://www.financialpoise.com/wealthy-still-investing-in-stamps/

Most Stamp Investments Now a Losing Proposition

For the wealthy, the rarest of rare stamps still serve as reliable and sometimes lucrative places to park money. Meanwhile, many stamps have depreciated so quickly they are worth a tenth the price listed in purportedly contemporary guidebooks.

“We are told that postage stamps are a good investment, and this may well be true for very old rare stamps,” British philatelist Paul Sanderson told the Guardian in 2015.

“However, when it comes to less rare stamps we should treat Stanley Gibbons’ catalog values with a large pinch of salt, as in many cases they appear to be absurdly high,” said Sanderson, who was disappointed with the prices he got for his own collection.

Part of the precipitous decline is changing generational interests, with smartphones beating out stamps as entertainment value. Technology has also played a role in deflating prices.

Looks like they 97% today.

? what price did you pay for
that long bond devonplay?

-90% of par

Just opened an initial position in the company's debt.

No problem. Happy to help.

The US reported figures on job losses today - there was a enormous leap in them, most people will be using that money to protect themselves against possible job loss and the rest will see $1200 as not enough to make any difference.
I can see any one rushing out to buy stamps with their windfall in any number.
It's not yet clear if we'll have inflation or deflation as a consequence of this crisis, but that wall of money might end up somewhere else, like checking accounts.

That should give the ISIN and SEDOL

Hi scardey_cat: 51PJ M&G PLC 6.250% RESET DTD TIER 2 NTS 20/10/68
https://www.londonstockexchange.com/exchange/prices-and-markets/debt-securities/company-summary/XS1888925747ZZGBPCWTR.html?ds=1&lang=en