Hardboy
15 Apr 2015
Re: Final Dividend Hi Games, The Financial calendar is all out of kilter since they changed their year end. We're still settling down to the new order of things. Last year, which lasted 15 months, you will see there were 2 interim dividends and no final. Nothing to worry about, but like you I do like to have forward visibility of these things. As things stand I've no idea when it will be.
gamesinvestor
15 Apr 2015
Final Dividend I must have missed something here, but I can't see anything regarding the final dividend on the company web site. Last year it was ex-div 9thApril2014 at 4p.We are already past that date -- was this abolished during the profit warning?Games -- My speculative investment here, whilst in profit from 248 entry is rather unresearched and wondering if this is worth holding.
casey5521
14 Apr 2015
Re: Drop JCyou were right, it seemsKC
TheFamousGrouse
03 Apr 2015
Re: Trading statement I see the Director bought at 238. I assume the shareholders are subsidising that purchase price. Doesn't help that StockMarketwire thinks he sold 22k. Statement shows how patchy this business can be. Not impressed by the current website. Couldn't see any upcoming auction dates. I would rather use McTears auction site (not stamp related) and it probably cost a lot less to build.
John B Clark
03 Apr 2015
Re: Trading statement The Evening Standard yesterday quotes Peel Hunt as having slashed its forecast from £11.2 mill to £7.5 mill.That must represent an awful lot of late or lost sales. It will be interesting to see how much overspend there has been on this soft/hard launch business.If SGI cannot make money now they will really struggle if interest rate go up. At least that prospect does not look likely in the short term.
pharmaspecialist
02 Apr 2015
Share price reaction today. The share price fall is justified by the disappointing financial figures and the delay in the web site launch. I am therefore suprised that the press release states that the "Board is satisfied with the progress which has been made in the past year." I think the conclusion is that the Board must be complacent if they are satisfied wiith targets not being met.
Eaglehurst
02 Apr 2015
Trading statement It looks more like profits delayed rather than not being earned. Today's fall was overdone. I bought back in the am @230p. E
The Pieman
02 Apr 2015
Surely the imminent pension changes are a huge market/benefit for SG. Director just bought a pile of shares too. Collectibles are very much in vogue at present, and will be even more so once these pension rules come into effect (being able to invest your own pension pot).Seems a fantastic buying opportunity today.
The Pieman
02 Apr 2015
Surely the imminent pension changes are a huge market/benefit for SG. Director just bought a pile of shares too. Collectibles are very much in vogue at present, and will be even more so once these pension rules come into effect (being able to invest your own pension pot).Seems a fantastic buying opportunity today.
casey5521
20 Mar 2015
Re: Drop Reasonable discussion and argumentsI can't help thinking the recent multi acquisitions may be too much to digest for SGI, plus the drop off in dividend may put off many PIsI will not sell, as this has easily been one of my more reliable stocks and should continue to be in the futureHowever, I will not be sentimental about it and hang on forever, that could be a fatal mistakeKC
Hardboy
19 Mar 2015
Re: Drop The recent drop is worrying, but there is no known reason for it. Remember what drives markets: fear & greed, i.e. irrational emotions: certainly in the short term. This can be more extreme in AIM & small companies, where it is less institutional investors driving the markets. There is a tendency to think is a share price is falling there must be something wrong with the business, or some bad news about to come out, and so other investors panic sell & the fall continues. One of Warren Buffett's sayings, is "Be fearful when others are brave, and brave when others are fearful."I think this is what has happened here. Volumes are not exceptionally high; which would suggest there is nothing significantly new known about the business. if there were some serious news which could affect the share price, the BoD have to notify the market of it. It seems a long time since the interims; but that is the latest update we have had. This is what they said then:"Outlook· Focus on further development of online collectibles marketplace working with key sellers and buyers over the coming months in enacting further enhancements to the site whilst the development team work on further added-value features in preparation for the "hard launch" release scheduled for Q1, 2015· The quality of our stockholding at this time provides the backbone to delivering short term growth· It is expected that the cross selling benefits of being able to provide a first class service in a wider range of collectibles to our combined client base will progressively deliver increased sales opportunities in the second half· Implementation of immediate integration cost savings following the acquisition of Mallett and initiation of cross selling opportunitiesMartin Bralsford, Chairman, commented:"The enlarged Group delivered a strong trading performance in the six months ended 30 September 2014, which included trading profits of £2.4m contributed from the acquisition of Noble and Murray Payne in November last year. The growth in like-for-like profits of 93% in the period was primarily the result of the initial crystallisation of returns from some recent exceptional purchases of major high quality collections.The recent acquisition of Mallett on 20 October 2014 significantly enhances the Group's authority in fine antiques and decorating arts, consolidating its influence across the broad market for collectibles. In particular, the acquisition provides a stronger online auction platform to enhance our stated strategy to become a leading online collectibles marketplace and global auction house for fine and decorative arts, collectibles and other valuables.As a result of the strength of the Group's combined expertise, international reach and loyal client base, your Board believes there are substantial opportunities to increase market share and to consolidate the market further, particularly from the commercialisation of our recently launched online marketplace.""That seems fairly up beat, and the acquisitions of Mallott & Murray Payne should be providing some cost savings, and increased sales opportunities.
Lowtown
19 Mar 2015
Re: Drop Hanging in there. It has taken years to assemble the assets and I think it could make a quality acquisition for a large luxury brand or listed auction house if it drops too far. I am just waiting to see if the online saleroom takes off as Alternative Investments has been the place to be over the last decade. Probably dropping through boredom.
casey5521
19 Mar 2015
Re: Drop I understand the sympathies, and have held on as SG has been a good and reliable stock for many years with a decent divi tooI will not sell, even though it seems to be dropping for about a yearWhy has it happened? There must be a reason -7p todayHope you are right JCKC
Afrosia
19 Mar 2015
Re: Drop If I had a penny for every time I held off buying a cheap share because I thought the market knew something I didn't. Even conservatively valued, the market value of the company is in inventories... you get the rest of the company for free.
Saigon Sally
19 Mar 2015
Re: Drop I am looking to get back in but am a bit put off by these heavy falls. Particularly as there is no (to me) obvious explanat
