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Not only is there a major auction on 6th July [Rhodesia etc], but the new Showpiece offering is about to commence this week.
Neither look bad for SG's coffers......
How to you see Showpiece helping with filling the coffers?
They make maybe £50k from the Warhol item of they sell all fractions (of which Stanley Gibbons on paper gets a percentage). I don't see Showpiece paying out as surely it just goes back into the pot for marketing costs etc? Where are you seeing Showpiece making payments to Stanley Gibbons? It would of course be different if Showpiece was buying items directly from Stanley Gibbons but they're not.
The Rhodesia sale is lovely but with the amount they'll receive from commissions how long will it take for Gibbons to burn through the cash? 10 days?
I'm afraid pearls you're clutching at straws here. If Gibbons were debt free and had drastically lower overheads then there's a very viable business there. As it stands this is some form of vehicle for Phoenix and not one for shareholders.
The British Guiana trading on marketplace for £95 today. A loss if you were unlucky to buy one for £100. There doesn't seem to be a clamouring to buy them.
A profit if you were one of those who bought them initially at £90 each.....
Also, double bubble for SG since they will be earning a further commission on each one bought and sold on Showpiece
My scripts showing 10% downside for SGI over the next few days. Meta entering the "collectable" market place might offer a death blow for SGI's failed attempt to get into the NFT market and the general dash to quality. It looks bleak for SGI. £7m cap, still potential 50% downside from here.
Nice to see you are reading from a script again.
Perhaps it's time to read something new? The Showpiece site looks very interesting given all the commissions SG must be making any time one of these things gets bought or sold.
Maybe, but I've been much more accurate than your 20p by last December prediction ;)
> heading to a market cap of £2-3m.
Rather heading to m-cap of £0, with inevitable delisting soon it's sadly bye-bye to another sinking ship.
Proposed Cancellation of Admission to Trading on AIM..........
All systems are going to remove this from the market, as I've said plenty of times over the last few years, almost 3, I've always wondered why they bothered with a listing and now it's come to pass.
Phoenix will de-list and then quietly increase the "private" value in their other vehicles.
On the positive side they are offering shareholders 1.5p. So an up day for SGI!
Interesting comment in the RSS:
· there is also a limited free float and liquidity in the Ordinary Shares with the consequence that the AIM listing of the Ordinary Shares does not offer investors the opportunity to trade in meaningful volumes or with frequency within an active market.
Something that I've said over, and over again. There's been very little free float....but not according to out bull.
"The Directors are aware that certain Shareholders may be unable or unwilling to hold Ordinary Shares in the event that the Cancellation is approved and becomes effective. Such Shareholders should consider selling their Ordinary Shares in the market prior to the Cancellation becoming effective (either pursuant to the Standing Purchase Order referred to below or otherwise)."
But then again in the panic....we might hit that intrinsic goodwill value and reach 0.5p today....there goes "share of the year"....another burning wreck Pearls.
Spread 400% I'm going to accept 0.6p as a win, it's much closer to 0.5p than 20p.
Where is Pearls....oh yes, ramping another loss maker. Best short indicator on the site.
Pearls meet Karma, Karma meet pearls, Smart move on your part not taking that bet I offered !