Stanley Gibbons has risen 300% this year and 30% in 6 weeks. Several institutions appear interested in building up a stockholdind. GET ON BOARD!

StockMarketWire.com
Stanley Gibbons has posted an improved FY pretax profit of £3.1m, from a year-ago profit of £2.2m. Revenue was £56.9m, from £51.8m. Total dividend was 5p a share, against 7p for the preceding 15 months.

Chairman Martin Bralsford commented:

"The successful launch of the Stanley Gibbons Online Marketplace in May this year represented a key milestone towards delivery of the Group's long term strategy.

"The launch marks the beginning of our mission to provide people with the best marketplace for collectibles, built on a community of honest and knowledgeable collectors.

"Our recent acquisitions provide the Group with a breadth and depth of internal expert knowledge and trusted brands in their respective fields providing the base from which to deliver on our stated strategy to become a global auction house supported by a professional online auction platform.

"The Board therefore remains confident that the strength of the market twinned with the expected return from the delivery of our strategy, particularly from the commercialisation of our recently launched Online Marketplace, provides material profit growth potential in the current financial year and beyond."

OUTLOOK
· The quality of our stockholding provides the opportunity to deliver growth in sales and profits in the current year

· One of the high value sales, which failed to complete by the year end, was completed in April 2015

· Following the launch of the Stanley Gibbons Online Marketplace on 21 May 2015 growth in visitor numbers and GMV has been encouraging. We are focussed on delivering material growth in GMV and will be in a better position to report on the performance of our new website when our interim results are announced in November

· The market for rare collectibles and fine and decorative arts remains buoyant evidenced by some high profile realisations, which included the highest price realised for the sale of a single stamp in June 2014, the 1c magenta from British Guiana, for $9.5m.

We aren’t convinced the business in its current form with heaps of cash tied up in long term inventory and the potential for lumpy high value transactions makes for a happy stock market animal, we shall see!

See more at http://tinyurl.com/pmb7qv4

Profit warning.

StockMarketWire.com
Stanley Gibbons expects it will deliver materially higher revenue and profit in H2, but cautioned it was unlikely to meet market forecasts for the FY.

As reported previously, the Group's auction calendar for 2015/16 is more heavily weighted towards H2, the company said in a trading update. It continued to work on a number of initiatives with the aim of delivering substantial sales from its stock of rare collectibles.

"Furthermore, following the completion of the integration and rationalisation of recent acquisitions, the Group will benefit from a reduced fixed cost base and better cross selling of products and services across our customer base in the second half," the company said in a trading update.

"The Group continues to embark on its strategy to evolve and diversify business operations to an online and auction business model with more predictable revenues streams and profits.

"The Directors believe that the opportunity to materially grow shareholder value through the continued implementation of our online Marketplace and global auction business remains a positive proposition.

"On the basis of the performance in the first half, the Board now believes that, as a result of the weakness being experienced in our Asian operations and the continued illiquidity in high value stock items, it is unlikely that the Group will achieve the market forecast for the full year."

though philately has a strong following, buying stamps as an (alternative) investment has never had any appeal for me as there seems no way to get true valuation let alone to gauge the potential ...... unlike both 1st growth bordeaux or diamonds (as stones only)

They trade lots of other items, such as autographs, memorabilia etc but surely collectibles are only worth what someone else is prepared to pay? Catalogue prices are only a guide. Much like fine wines, imo, which are traded for their rarity value rather than for drinking.

fine wines are much easier to track for all sorts of good reasons - eg there are plenty of fine wine auctions so current prices can easily be followed

personally, i buy even fine wines for drinking and though some of mine are worth a few bob, i'ld rather drink them with friends (if i can find any) than sell them


diamonds
there is a weekly list issued which values stones by all the usual - carat, cut, clarity and colour - so easily and accurately valued

StockMarketWire.com
Stanley Gibbons has posted an H1 pretax profit of GBP0.4m, from a year-ago profit of GBP3.7m. There would be no interim dividend. Sales totalled GBP27.0m, from GBP27.1m.

The outfit's like-for-like sales, excluding the Mallett acquisition, were GBP21.6m, down 21% on the year.

Chairman Martin Bralsford commented:
"As indicated in our latest update of 6 October 2015, the trading performance of the Group in the past twelve month period has failed to achieve what were, in retrospect, premature and over-optimistic expectations from the investments of the past two years.

"The year has been a period of transition for the Stanley Gibbons Group from a business based on philately to a broader based collectibles group with significant on-line distribution potential.

"Since early September, Senior Management has been focused on putting in place the right organisation structure and team to execute strategy in accordance with the Board's expectations.

"Your Board believes significant progress has been made. The integration of acquisitions and management change has clearly represented a distraction to short term sales initiatives, particularly from our sizeable philatelic inventory, contributing to the sharp decline in trading performance."

A lot of sales for minimal profit!!!!!!

StockMarketWire.com
Stanley Gibbons note the recent move in its share price and said it was considering a number of fundraising alternatives to reinforce the working capital position prior to the year ended 31 March 2016.

"However, whilst an equity fundraising is one option potentially available to the Board, the discount to the Group's net asset value at which any such fundraising would likely be priced could make it a relatively unattractive route to alternatives under consideration," it said.

"The Directors will update the market on the progress of these considerations in due course."

Profit warning .

That's 2 profit warnings will there be another.

StockMarketWire.com
Stanley Gibbons Group said, further to its March 4 announcement, it is very close to concluding the terms of an equity fundraising of about GBP13m via the issue of new shares at 10p each.

A further announcement would be made in due course, it said.

If your not a buyer of this stock then it maybe worth your while putting it on your watch list,as the new Chairman brings fresh hope to this battered stock. DYOR

SGI directors subscribed for the new (10p) dilutative shares which were introduced 1 April 2016.... yet under Dir-deals I see nothing recent posted.
It's also a mystery ( to me) why this business has gone from £2 (say) to 10p in a few years; - whilst presumably indulging in a tax-free environment in Jersey.

I note ( RNS) that their new RegOffice is still in Jersey - and that is One Red-Flag, for me.

Reading RNS I get the impression [SGI] offered rather good G'teed returns; based on their past experiences - but even they couldn't have seen BREXIT -or any other World-events . . . . so their promised returns were eating cash...is that it?
-Yet [SGI] fall-from-grace was fact by the time BREXIT occurred..... eh?

Earlier (LT) shareholders must be mighty-miffed by this investment . . . Or have I missed a massive shareholder-payback by way of a "Thank-you". . .?
EDIT(13Dec2016) - CD -Thanks so, that's two of us mystified, then...?
EDIT(7March2017)- sp 9p must say the Mkt isn't as impressed with "Collectables" than the Management who are being paid to add value...ie to maintain the ship-of-state on a profitable course while seeking additional goodies. That they've neglected their investors says now they don't care ( or were careless?), but you do get a lot of shares at this level . . . . Anyone holding from £2+regions, I wonder...?

I have mulled over this one too! Held off as I am not sure its finished as a going concern.

Statement re. Possible Offer
The Stanley Gibbons Group plc notes the recent share price movement and confirms that it has received an unsolicited approach from Disruptive Capital ("Disruptive") regarding a possible offer by Disruptive for Stanley Gibbons.

At this stage, there can be no certainty that any offer will be made nor as to the terms on which any such offer might be made. A further announcement will be made as appropriate.

StockMarketWire.com
Losses at stamp and coin auctioneer Stanley Gibbons have deepened after the company wrote down the value of its assets.

Stanley Gibbons posted a loss before tax of £30.2m, compared to a £27.0m loss in the previous corresponding period.

A 48% fall in net asset value resulted from a combination of one-off restructuring costs, continued difficult trading conditions and the ongoing legacy of the group's investment contracts, the company said.

Stanley Gibbons didn't declare a final dividend.

It also said its strategic review process had garnered several proposals from outside parties.

Proposals providing a more favorable outcome will more likely involve asset sales or a strategic investment in the company, rather than an outright acquisition of the entire company, Stanley Gibbons said.

"In the opinion of the board, the formal sale process has facilitated a significant level of interest in the future development of the core stamp and coin dealing activities, which would allow a return to a more normalised trading environment, unfettered by the obvious cash constraints apparent over the last two years," the company said

It's pretty dire, with US-litigation, no dividend and sp that drives itself closer to zippo, despite having a World-class Brand... perhaps this will be one where the Branding is worth more than the brand.
Currently just above 3p5 it's a long way from £2 = not so very long ago...

Bank-default is a major alarm, IMHO, as this usually spells DfE, or plain closure.... maybe the saving grace is their Brand . . . but I doubt any new investors will see anything . . . such a shame, & you can't even get a copy of their Reports, hidden away in Jersey ( Phone charges! ). Huh.
EDIT(7June2018)- sp 4p2....New Exec. but idea what he's done prior... is he there to asset-strip for the Creditors, perhaps.... it's most unusual not to give a new appointee considerable praise and a brief-resume. . . . . You have been warned!

Not looking so hot there Stanley lol. Let's take a small punt on you getting better, just a small one though!