Signet Gbl GBP Share Discussion Threads

[praipus] 26/2/2013 08:57

NEW THREAD

[skyship] 25/2/2013 16:15

I've asked Praipus to please launch a re-issue under the new epic...

[canteatvalue] 25/2/2013 16:12

We all gonna move to a new thread then or stay here? :)

[badtime] 25/2/2013 16:02

And then there are the new managers to consider

[badtime] 25/2/2013 16:01

Hence 'Realisation' in the new name :)

[waterloo01] 25/2/2013 15:41

I thought they were winding up?

[badtime] 25/2/2013 15:40

Reflects the objective going forward

[waterloo01] 25/2/2013 15:39

What's the change all about?

[jaws6] 25/2/2013 15:37

RNS new ticker GFIR from tomorrow on name change

[deepvalueinvestor] 24/2/2013 12:31

Understood, cash is certainly king right now.

[waterloo01] 24/2/2013 12:10

Deep, understand and I might regret it but I'm over exposed to the markets (mainly UK companies that almost exclusively have revenue in $)and I need some to come in before I decide on reallocation. I'll keep an eye out for the update though

[deepvalueinvestor] 24/2/2013 11:57

Then perhaps I was too negative. I have a big stake for a reason!

[waterloo01] 24/2/2013 11:46

Thanks for the balanced reply. Might sit this one out.

[deepvalueinvestor] 23/2/2013 20:51

It was due to wind up this year but opportunistic investors (Weiss and Laxey) bought 40% a year ago and forced an early wind up but they didn't understand that it would take time so Weiss have been selling recently (I speculate that they don't like new management too ).. I take a 3 year view with an expected return of 70p+ over that period. 90% ( 7% is sterling cash) of the portoflio is non sterling and brazilian investment are hedged to us$ so I estimate nav now at 100p.

Although all investments are in wind up mode, it is very difficult to assess liquidity as there are some property investments in Eastern Europe and the Far East. We were expecting 15% cash by now ( estimates of previous management) so current cash figure was a disappointment. The new management, Gottex, started on 1 January and are racing around to assess the portfolio. They will report to the board next week and then we will get an update.

I am a significant holder but hopefully the comments above are balanced. I am bearish on markets so I am happy to be patient and potentially accept low returns. I wanted non sterling assets although after the recent drop I have been keen to hedge some of the currency risk but I am in a minority and it is not going to happen.

[skyship] 23/2/2013 16:06

Nick Greenwood strikes again - he has 3% of AURR - up 15% on liquidation news late on Friday...

[badtime] 22/2/2013 21:17

Plenty of buying again today

[deepvalueinvestor] 21/2/2013 18:04

If he keeps buying he might have as much as me! I like a bit of competition. When dollar sterling was at its low today, I estimated nav at 99.996p. So close but not quite 100p yet.

[badtime] 21/2/2013 17:56

Sky if your the poor boy I'm not sure what that makes me ...very poor boy? Lol

[yieldsearch] 21/2/2013 17:47

Re post 539: deutsche annington is not directly related to the gbp pik annington bond held by reci, deutsche anning is a german residential property company. JPEL has an exposure to deutsche annington

[praipus] 21/2/2013 17:44

:) Well I havent done too bad following all of them but long way from 3% at the moment.

[skyship] 21/2/2013 17:14

P - Moi? - I'm a shrinking violet - embarrassed every time I post!

Nahh - would love to post a 3% holding - but regrettably I'm the poor boy on the thread. Still, I do profess to being a Nick Greenwood...

[praipus] 21/2/2013 16:42

haha:-) Skyship would I guess not shrink away from disclosing to the BB positions of over 3%

[tiltonboy] 21/2/2013 16:41

Praipus,

There are indeed three including one of our very eminent posters here. I think we should give them different names. I propose we call the one that posts here - SKYSHIP.

[praipus] 21/2/2013 16:40

lol @ European property and Guy overleveraged Hands.