Quoted Micro 19 June 2017
NEX EXCHANGE Newbury Racecourse (NYR) says that raceday attendances are 29% so far this year and no meetings were lost to the weather. Conference and events revenues have been maintained despite the refurbishment of the racecourse. Occupancy levels are building up at on-site hotel The Lodge. The Rocking Horse nursery has increased revenues by 29%. […]
Stanley Gibbons Throws in the Towel
Stanley Gibbons SGI has completed a restructuring programme which included a complete overhaul of the board and the executive leadership, costs have been reduced by some £10m and parts of one division have already been sold off but in the end it looks like things are so bad that value for shareholders can only be […]
Quoted Micro 5 June 2017
NEX EXCHANGE National Milk Records (NMRP) is raising £7.33m at 65p a share in order to help finance the withdrawal from the Milk Pension Fund. Like Genus, National Milk Records was part of the Milk Marketing Board and that is why it has part responsibility for the Milk Pension Fund. There will be a one-off […]
Stanley Gibbons Comes Unstuck
Stanley Gibbons SGI. Final results for the year to 30th March reveal a horror story of mismanagement with admissions that previous accounting did not accord with applicable accountancy standards. In a buoyant market for collectibles, SGI found trading conditions difficult. The results are not surprising. Turnover was flat and 28% below budget, the final dividend […]
Bloodletting at Stanley Gibbons
Stanley Gibbons SGI today issues an update on the night of the long knives which has cut a swathe through the board and senior management. Firstly out go the auditors, replaced by a new lot who are not happy that the way in which revenue was previously recognised, was “appropriate”. To allow them to get […]
Daily Actions – UK Main & AIM markets 05042016
Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London AIM Market ST Rec. changed From To Basic Resources BMR Mining Neutral Buy Bezant Resources Neutral […]
Daily Actions – UK Main & AIM market 14032016
Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London AIM Market ST Rec. changed From To Basic Resources BMR Mining Neutral Buy Uranium Resources Neutral […]
Daily Actions – UK Main & AIM markets 07032016
Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London AIM Market ST Rec. changed From To Basic Resources Atalaya Mining Buy Neutral Goldstone Resources Buy […]
Stanley Gibbons Leads Corporate Cock Up Day
As recently as mid January Stanley Gibbons (SGI) said that it would be comparatively unattractive to raise by way of new equity the 10m funding, which it desperately needed. So here we are less than 6 weeks later and guess what? The funding is being raised by way of new equity. Otherwise it would be […]
Stanley Gibbons SGI – Management Denies Responsibility
Stanley Gibbons was a stamp collector, he knew about stamps, he knew the value of stamps and he led the company he founded, to become the worlds largest stamp dealer. For decades postage stamps outshone stocks and shares for capital growth and made many a collector, wealthy men. Then eventually the company took on management. […]