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Showpiece Blog is worth keeping an eye on. There is now a survey with a few teasers for their next purchases. Banksy and/or Batman ? Rolex and/or TAG ? Etc.
Unfortunately SGI only currently own 1/5.
It is going to be fascinating to see how much they are going to ask for their Warhol (picture of it framed on their Twitter ac.).
Can anyone tell me why Showpiece are no longer accepting purchases from US based customers?
In answer to Victoria, there are currently no pieces available for sale. The Penny pieces sold out, the Magenta pieces are off sale (but according to the website, more will be available when the marketplace opens), the Warhol item has not yet been offered.
I know that. The point I am making is that Showpiece’s web site states that they are no longer accepting purchases from USA based customers. Pretty important, I think.
June has arrived but the marketplace hasn’t and I cannot see any explanation of this on Showpiece’s site. Not good.
I think there's a potential threat to the publishing revenue. I get the impression SGI's competition can smell blood in the water and are planning increase their English language publications. That small amount of "positive" news in the the lst update looks under pressure.
You are right, as an investor in plenty of unlisted companies looking to expand in the US, it can be a nightmare for alternative and novel financial products.
I remain of the view that 0.5p might be ab entry point to speculate, at that point you can disregard the shocking trading performance and potentially speculate in the goodwill arising from the name. On that, does the Royal warrant go if the Queen dies? I can't quite remember.
The showpiece Marketplace has opened. So far there are 4 coin pieces up for sale starting at £64, but the Magenta pieces are not available to trade.
Looks like the Showpiece site is working well and creating a secondary market as planned
'Working Well'? As in the same way Putin's Invasion Plan is ''working well''?
It has been a disaster. Showpiece managed to see only 15% of the GUANO sold to the Gullible Lemmings who have no way of selling them even for 1 penny apiece, even now, 6 months on, which is of course the current Gibbons share price.
Same Director in both - Graham Shirecore - who knows nothing about stamps.
Hey Castelnau,
How are things down under?
Castlenau share price has sunk under even the insider entry price of 90p -
https://www.sharesmagazine.co.uk/shares/share/CGL/trades
Hornby floundering about losing money, with zero leadership and ditto Gibbons - there goes Castelnau's only 2 sexy brand names.
Channon will pull the plug at some point, and move on - and Bye Bye everyone else
Trading of the secondhand fractions seems to be going well! Current value of them is £150 each.
SG and Showpiece are going to rake in the commission!
I wonder if there's not a market in the Magenta fractions because they are concerned they will transact below the offer price?
We already know SGI is technically broke, it can't service it's debt without forbearance, or as it's Directors say "the Directors believe there is a material uncertainty relating to the Group's position as a going concern. ", but what happens to the balance sheet if the process of the fractionalisation of Magenta has caused it's value to fall, Phoenix have kindly made it an encumbrance on SGI's , at the same time that the fractional price also collapses? Total disaster? I think it could be.
Pearls, there's 3 lots available, the commission on that will probably cover no more than a few minutes interest on SGI's compounding interest bill. Thinking anything else is just delusional. It's like claiming the sales tax on 3 sugar cubes is enough to fund free NHS dentistry LOL "Going well" hahaha ......
I'm sorry Devon but you should follow the Showpiece site more closely. The number of fractions on there for sale changes all the time. Currently there were three, an hour or two ago there were nine, it is clearly moving around a lot but the site has only just opened so expect initial variance.
As regards the 1c, that won't go on sale on this secondary marketplace until SG have sold whatever amount they want to sell of it at the full price first. It is likely to be an annual money spinner for them combined with the growing commissions from the sales of the fractions on Showpiece.
If anything, this is tipping me to at last buying more shares, it is obvious this will be a good thing for the group's overall trading and profitability going forward.
Wow! A whole 9 LOL
Good idea Pearls, level down again....well, you've become expert at that. You must be 50% since you last talked about doing that. Why not just wait for the on coming 0.5p?
Groups profitability? What profits, they can't even service their debt, or at the Directors put it:
"the Directors believe there is a material uncertainty relating to the Group's position as a going concern. ". ;)
Flashing up again as SELL in my algo, if it does that for a couple of days then there's usually a steep sell off. Heading towards sub 1p this week?
Advance warning SGI is not trading in the black Devon, and a very wide Spread too.
Doom mongers alert, doom mongers alert
"Doom mongers alert, doom mongers alert"
- stock opens (-7.69%), bid price now just 1p
"Flashing up again as SELL in my algo, if it does that for a couple of days then there's usually a steep sell off. Heading towards sub 1p this week?"
....don't say I didn't warn you AGAIN LOL
My algo still suggests sub 1p this week, my expectation is still 0.5p, still a few days to go (get out) ;)
You are a very sad case.
You are a very sad case.
"The Directors believe there is a material uncertainty relating to the Group's position as a going concern."
If a company is technically insolvent but being supported by the directors or major shareholders, because they are confident of it's future potential, the directors are legally bound to include the above statement in their report.
We've reached the inflection point, that moment when the delusional bulls realize....it's slipping away...maybe we can save the day by throwing insults about. Never works.
Next they'll throw their hands up in despair, throw the towel in and sell. Driving us quicker to the final destination....0.5p.
It's the next leg down into the valley of despair LOL But we might, just might, bounce off 0.5p
Down to 1.26 PENCE yesterday (not 1.2 pounds as it was not long back!)
We then will have a true PENNY STOCK any day.
One or 2 here, (quite likely SG staffers) will chime in, right on cue, that is a 'GOLDEN BUYING OPPORTUNITY'. And that 'there were 6 people in the store today - things are really looking up'.
To the rest of the real world, it simply heralds the death throes of a stock that was several QUID a share until totally hopeless Management were appointed.