UK 19:26 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in Stanley Gibbons (SGI) fell sharply on Friday to just 22.5p on the back of an announcement that the company “is very close to concluding the terms of an equity fundraising of approximately £13 million by the issue of new ordinary shares at a price of 10p”. Aaagh. We have called this terribly. Only BB Morons always get it right we have got this wrong and can only apologise. Are we selling? Where next for the shares?
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Comments
Sunny
Sir ( Tom winnifirth) I have brought at 46p as I thought there was huge discount to net assets value , sir should I avearge down at these level , is any chances of SGI going bust at most of its stamp collection will take time to liquidate , I am 18 this was my first purchase in stock market , it would be nice if you guide me little ?
Damosin
Tom, I can’t help but think that you have a blind spot for this company. I get the impression that there’s an emotional attachment to business and they are therefore managing to avoid your normally critical eye. Would you have been so patient with a resource company before calling it a packet of crisps stock? We are all human of course and I made a similar mistake with Hornby a few years ago. Maybe time to sell though?
wildrides
I fear Sir , that it is you who is the moron for continually ramping this piece of shite despite me telling you that it was so repeatedly over the last year . There are only 3 serious stamp collectors left in the UK now and they are all over 80 years old . It is a hobby heading for extinction . You should recommend your readers Sell forthwith before they lose any more capital .
Take up a proper hobby like me ……… Trainspotting .
Tom Winnifrith
Wildes
I know that you make money on every time you buy a share. You really are so incredibly clever.
I have not ramped (def pushing other folks to buy so you can sell), since I have not sold our shares. But I have got a tip badly wrong. I have apologised. Overall my record is good but it sure ain’t assisted by SGI!
I just wish I was as clever and charming as you are
Tom
JASPERTHERDOG
This is, obviously, a falling knife and you still have your hand under the pointy end as it heads for the floor. Get out before you’re totally skewered.
Duck and Dive
I doubt we’ve got to the bottom of this yet. If SGI’s woes can be cured with a simple, albeit heavily discounted, POO and a makeover, what was behind the explanation that the auditors resigned last month “because they consider the risks and uncertainties associated with the audit to exceed the level that they are willing to accept”? That’s a very unusual explanation.
andrew
I have the feeling that this may be a case of ‘sell the shares, buy the stock when liquidated’
as there will be a lot more shares printed, but (if they do dispose of stock en masse) they cannot print more old stamps etc and the disposal prices will be at v.v. low levels.
Fill the g ps in your Wisden collection.
I had a small holding until they delayed the launch of their online trading website and then I noticed argos sell through ebay. Sold at a loss – but it could have been much much worse for me.
I also work across from the london shop about 1 day a month and almost never see anyone going in or out. Whether or not they own it, it strikes me as a bit of a vanity, especially when many of your customers are not even in the same country.
It may be that they are not looking at the business from the correct perspective (bad management/strategy), or the general ‘collecting’ sector is not a place you can make money atm. Looking at the troubles Sotheby’s are in, I suspect both.
wildrides
Priceless Quote from Paul “beam me up” Scotty today :-
“SGI has been such a well-publicised train wreck, that there’s really no excuse for PIs holding this share, other than obstinacy, or sheer stupidity “
That will be you then Whinny ;-)