Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Stanley Gibbons (SGI) has announced it has exchanged contracts on a £4.5 million sale of its freehold property at Adelphi Terrace in London, with completion scheduled on or before 17th November. The company added that by this time all of its specialist collectibles trading and auctions divisions will be co-located at its Strand premises.
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Comments
oakworth
Tom,
Are you out by £100million with your TNAV calcs?
Tom Winnifrith
KB
Career instruction from a QPP owning moron. Stop writing about QPP and go become an accountant…
Methinks not
T
PS what is the QPP share price today?
Tom Winnifrith
Oak – well spotted – piece tweaked.
T
Nathan
Why are you not including goodwill? Several of the companies Quindell acquired were/are real businesses like silverback rymer generating real profits before being acquired by Quindell.
Stipe123
TNAV should be higher than 31 Dec because there will a load of debtors created in the first six months of 2014 which should outweigh the cash decline.
How much of these debtors can be collected is, of course, up for debate!