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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Signet Gbl GBP | SIGG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 57.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 57.50 | 57.50 |
| Top Posts |
|---|
Posted at 20/2/2013 22:21 by praipus How could you hedge a position in Sigg? |
Posted at 19/2/2013 19:04 by deepvalueinvestor My frustration regarding the current cash figure shouldn't hide the value I see on a 3 year view versus equities, bonds etc. They are clearly not guessing nav but investors wanted a liquidity profile updated monthly and this was perhaps not realistic.Elmfield, what are you expecting from sigg on a 3 month, 1 year and 3 year view? Oh and if you are buying, do so at 57p in the auctions at 11am and 3pm. Every little helps! |
Posted at 15/2/2013 18:38 by tiltonboy He just confirmed that he has a large seller....still.It wasn't a meeting about SIGG, he was up in Brum, so we shared a few beers, and a general chat about matters, before I took the p!$$ out of the Vile! |
Posted at 02/2/2013 08:47 by deepvalueinvestor We very rarely talk about the bull scenario for sigg but the sterling dollar is sub $1.57 so nav will be at 97p+ depending on underlying performance. Nav surprised on the upside in December despite currency moving against us so is it really in the realms of possibility to see nav at 100p+ over the next few months?What is interesting in this scenario is that if the nav goes up 5%, then the share price would need to go up, say 7% to keep the discount the same. However, my suspicion is that when investors see the nav rising and realise that this includes 15% cash and rising, we may eventually get the rerating we have all been waiting for. If not, 33p+ cash in investors pockets by the autumn should focus minds. |
Posted at 28/1/2013 10:54 by hugepants Are SIGG expected to return some cash this year? |
Posted at 22/1/2013 18:55 by deepvalueinvestor Indeed tiltonboy but I picked up another 170k in the auctions at 55.5p. I have done some currency analysis since lag nav update on 31 December. All assets are hedged back to the us$ so we have benefitted from the move from $1.625 (which is why I was so pleasantly surprised by the December performance) to $1.585. If all things stay equal then the nav rises to 96p per share. We will get a better idea on 10 February or thereabouts.Surely even the most ardent Sigg bear doesn't really think we won't get back 55.5p+ cash within two years and then a bit more in the following year. The problem is that many investors are bullish about markets and are not bothered with quirky investments like this where you will probably get a small return. However, if the bulls are right and we sell into strength then why not a return of 100p a share over 3 years after management costs? I don't think 100p is a likely scenario at all (80p most likely or 15% pa over 3 years) the bull scenario would provide a 25% annualised return from here. As an aside, I would view a 70p as a great disappointment but even this is 8.5% pa over three years. Let us not forget that the portfolio was originally supposed to start winding up this summer with investments naturally redeeming thereafter. It should therefore not come as a shock if the nav does continue to rise to reflect nearing maturities. Weiss and Laxey ploughed in hoping for a quick buck but with respect to them,it was always going to be a slow progress. |
Posted at 17/1/2013 20:14 by tiltonboy jaws,Correct. ACD is a core holding, SIGG is a spec. |
Posted at 17/1/2013 19:57 by jaws6 tiltonboyDoes that mean we might not get update till egm ? still I can see info@signetmanagemen edit --from post above looks you like ACD more then SIGG after your meeting |
Posted at 12/1/2013 16:35 by deepvalueinvestor I admire your patience but I feel sigg are so cheap that I simply don't dare wait. By the way, can I have your thoughts on my ramble on SHA board? I know some Chartists who feel things are going to get very rough very soon. I am moving slightly underweight equities but not pushing the panic button just yet. |
Posted at 12/1/2013 15:59 by tiltonboy dvi,You make some valid points. In terms of putting business on shortly before the auction, I only do this when trying to match something that is up there already, and will put it on with literally seconds to spare, just in case somebody tries to beat me. If I have a limit, I am happy to leave it up all the time. My real frustration lies in those trades done a matter of minutes away from the auction, and at poor prices. I understand that for an order received at 1115 it is taking a risk waiting until the 1500 auction to try and match business. However, when you watch a stock closely, you can sense when the seller will play. In the case of SIGG it was size not price that mattered, with the seller even happy to take below the quoted bid to get rid. Put 10k up and they are not interested, but as soon as you put 100k up you are likely to get hit, maybe not instantaneously, but by the next auction. I am convinced that if the buyers (probably those that post here) had all loaded up at 53.5p instead of outbidding ewach other we would all have got stock at the lower price! I will be back on the board on Monday at 53.5p, and will be patient. I will only move my price when I believe the seller has finished, or has upped his price. I took a decent position in ACD a number of months ago, and watched similar trading patterns, albeit ACD was a straight SETS stock, and the second you put anything on the bid you got hit. ACD have had a good run recently, and I'm hoping SIGG follow the same path. |
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