Ecologist
04 Jun 2018
RIP .... This proud and traditional company has been destroyed by a stupid phase of takeovers and expansions into non-core areas. How city wizzes have had fun and earnt a cartload of money by dicking with our company.A fervent stamp collector, i will remain, but proud to be a shareholder of this pot of goo, i am not.
nk1999
16 Mar 2018
Re: New shares at 2.5p or lower New shares to be listed on Monday 19/03.SP to continue the slide downwards IMHO.
nk1999
23 Feb 2018
New shares at 2.5p or lower Extract from RNS:"a cash injection of £6.2 million by way of the Subscription for 248,000,000 new Ordinary Shares (or such greater number of Ordinary Shares as shall result in Phoenix UK Fund holding a minimum of 58 per cent. of the Enlarged Issued Share Capital) at a price of £0.025 per Ordinary Share (or such lower price per Ordinary Share as results from dividing an aggregate subscription price of £6.2 million by the number of Ordinary Shares actually issued to Phoenix UK Fund), of which it is intended £1.2 million will be ear-marked for the acquisition of trading inventory and the balance will be utilised to discharge transaction expenses, existing creditors and provide working capital. On completion of the Subscription, Phoenix UK Fund will own approximately 58.09 per cent. of the Enlarged Issued Share Capital"Just wondering why should I buy at 6p, when they are being given at 2.5p (including management control) to a 3rd party !
Gold or Silver
23 Feb 2018
Re: New Investors BUY BUY BUY Good luck Philaphobes.
Gold or Silver
23 Feb 2018
New Investors £19 million = 60%£32 " = 100% MCAPCurrent MCAP = £9 million Today`s Investors value SGI @ 29% of proposed .SGI should now easily reach 20p within six months .Let`s hope the Koovs model is not replicated .Best of Luck A
Another Jacko
11 Jan 2018
Re: Lights Out It can't be long before these go bust surely?
Dingledangle
30 Dec 2017
Re: Lights Out This cash call pretty much signals the end for SG. Bank is not interested in increasing the loan and has called on SG to finance fundraising itself. I cannot see how they can do that with shares when the sp will be 2p by end of next week. Then it falls to existing shareholders to stump up cash, again unlikely as it would be throwing good money after bad. Their investment ponzi scheme has finally killed the biz.
BOWOOD
29 Dec 2017
Lights Out This will be drawn to a conclusion within the next three months IMO. Sell while you can.
Peermade
05 Dec 2017
Re: RNS Very true about the failure of two great brands but don’t forget the problem was not identified due the financial statements being wrong for some years previously, and not representing the buy back guarantees as liabilities either actual or contingent from what I recall. It is these guarantees that have crippled the business and as a by product led to excessive stock and borrowings to keep values inflated. AWFULL if not worse.
Peermade
05 Dec 2017
Re: RNS Like watching a small plane in a spiral dive before it hits the ground. We know where it is going and no matter how much the new board fight at the controls the gunge in the petrol and the spanner in the controls have sealed its fate.
BOWOOD
24 Nov 2017
Re: RNS Yes - at the end of the day two quality brands have been allowed to fail as result of very poor, if not irresponsible management.
Peermade
23 Nov 2017
Re: RNS Yes you are likely to be right and then the bank will come calling. This might happen when the administrator SG Guernsey fire sells the stock and SG Group has to reflect these values for its stock with serious write downs. What bothers me is that the previous Jersey board who brought about this appalling situation are sitting back with their vodka martinis saying never mind about the share options, but at least we had the juicy directors fees. Only hope that the bank goes after them by that stage.
BOWOOD
23 Nov 2017
RNS The brands will be sold off and no doubt the proceeds will be used to reduce debt. I fear there will nothing left for shareholders so if anyone would like 5p for their shares now is the time to grab it.
Ecologist
14 Sep 2017
Re: Collecting I disagree with the last two posters (sorry for pun). Collecting is booming, just check out the number of collection items listed and sold on eBay.But there's one of the major issues that SGI faces, competition from online auction sites. It tried to move into that space, wasted a lot of our money and then sold out for the symbolic buck.Another was the disastrous takeover binge of unrelated companies a few years ago, it loaded us with debt and decimated the company. Megalomania ...A further issue is that the company is out of touch with the not so wealthy collectors (the most numerous of its clients). Do you collect a smaller country say Malta? Great we will sell you an album .... but with Scott catalogue numbers, not SG ones that everyone in UK uses. You want a middle of the road stamp for your collection, check SG catalogue value .... up to 5 times what you can buy an identical stamp on eBay. You want a new catalogue? Pay £100+ now or wait a year and we will flog you one for a tenner.I have written to SGI several times about my concerns as both a 50+ year stamp collector and a shareholder. Replies i did receive were fob-offs from a commercial not collector oriented person.SGI is going the way of other dinosaurs, sad.
Peermade
06 Sep 2017
Re: Collecting Sadly you are right it might have been better to change to rare vinyl records as these have been flying up in value over the last ten years. If you haven't got a record deck now you are sadly a computer nerd. The best chance is to find a Japanese or Chinese buyer with deep pockets, or ask the ex board members to have a whip round their offshore bank accounts and bail us out. In the nicest possible of course. You know how much we just "love" that lot and all they did for the company.
