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SIGG Signet Gbl GBP

57.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Signet Gbl GBP LSE:SIGG London Ordinary Share GG00B1GJQ984 ORD NPV GBP
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 57.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Signet Gbl GBP Share Discussion Threads

Showing 251 to 275 of 575 messages
Chat Pages: Latest  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
27/11/2012
19:00
dvi

Assuming rump to be the non-time tabled assets and given the lack of visibility on the rump then I would say yes to your question.


Ins

insipiens
27/11/2012
18:57
Importantly, the annual management charge falls from 1.5% to 0.5%. They only get a bonus if they raise 68.5p+ per share. We are due to get 31p per share back by the summer but the rest is more of a challenge for them.

I still think 80p+ per share over three years is acheivable (on 92p per share of assets and rising), especially with the new manager on board (small change for Gottex but they want to make a reputation for themselves with the orderly wind up of SIGG).

My biggest concern is that they exit within 2 years at say,72.5p - 20% discount to NAV minus fee, as I would prefer to be more patient.This would still be a 13.5% annualised return from here but I want more than that. However, I imagine Wiess and Laxey might prefer the quicker exit.

Do people think I am being too optimistic about the rump? Shares can go up as well as down...

deepvalueinvestor
27/11/2012
18:41
I read it and interpret it as:

Old investment manager not interested in wasting time on a wind down so find someone or create a new company and make it worth their while to manage the wind down.

Ok, perhaps cynical of me.....

insipiens
27/11/2012
18:11
They look a little generous to me given the NAV, but I will be pleased to see them earn their max payout!
tiltonboy
27/11/2012
18:00
New investment manager appointed....terms look ok
badtime
22/11/2012
16:28
yes, I noticed that. I have been able to fill my boots at 56.5p and 56.75p but had to pay 57p yesterday. Perhaps we have seen the worst. Currency has moved back slightly but (all things being equal) a gain for November still looks likely with the majority of asset being in US$ or hedged to it (the Brazilian assets).
deepvalueinvestor
22/11/2012
09:04
small tick up
jaws6
13/11/2012
23:47
Not ignored by everyone tiltonboy. In addition, the majority of assets are $us denominated and with sterling/dollar moving from $1.61 to $1.585 since the end of October, we are likely to have a currency tailwind in November too.

The company estimates that there will be 31p per share of cash by the end of July 2013 (tender in August?). This assumes no property sales but one could argue that management might want to surprise on the upside in 2013. Now that would be a welcome change.

deepvalueinvestor
13/11/2012
08:59
Appears to have gone unnoticed, ignored, or perhaps not believed, but the NAV was UP again in October...
tiltonboy
29/10/2012
08:38
The FT is free to subscibe to for up to 8 articles per month (I think) Red.

Then have a careful look at the investors and their holdings tracked on the WAM thread below:-)

praipus
28/10/2012
21:02
Yield

For those of us who are non-subscribers, what is the summary and recommendation in the article?

red

redartbmud
27/10/2012
16:40
SIGG listed at part of the "Endgamers" in David Stevenson adventurous investors last article in the FT
yieldsearch
26/10/2012
13:24
jagworth,

I have spoken to Numis, and put forward my concerns. No meeting has been scheduled as yet. The shares have fallen since my comment, and I'm kicking myself for not getting out post tender. However, at this price, and given the recent news, I am happy to buy a few.

tiltonboy
26/10/2012
11:51
tiltonboy
Re: 242
"I share your concerns and will not be buying, rather I will be looking to get out if I can get around 70p. I just do not trust the NAV announcements, and have asked Numis to arrange a meeting with the managers so they can explain the current portfolio and what the reasonable likelihood is of redemption proceeds being in line with NAV".

Have you had your meeting?
Thanks

jagworth
25/10/2012
14:37
seeker,

Absolutely. With something likely to be happening to Cedar, and an uplift coming on South Asian Real Estate, it is certainly more encouraging. I think the next Tender is now more likely in July rather than the previously anticipated March, which is a little disappointing.

tiltonboy
25/10/2012
14:27
tiltonboy, that is the first bit of good news since the last tender.
seekerofvalue
25/10/2012
13:59
insipiens,

I have also "zero'd" the rump, and think an asset value of between 73-78p is nearer the mark.

Anything back from those and I will be happy.

tiltonboy
25/10/2012
13:49
Based on that I have a figure of 56/57p as a buy point. I'm assuming no value for the rump, which is what the market appears to think.
insipiens
25/10/2012
13:01
Looks to be better news from SIGG, so I have picked up a few.

Thought they may have gone better on that news, but the seller is obviously still playing!

tiltonboy
12/10/2012
17:57
Vientnamese oil rights might kick off and give us an unexpected Moon rocket!
praipus
12/10/2012
17:56
Stay long stay lazy pick up the 91p IMHO just dont look at the SP:-)
praipus
12/10/2012
07:33
I dipped out on tht last tender with a small overal profit...purely on gut feeling
badtime
12/10/2012
06:22
hoveite,

I share your concerns and will not be buying, rather I will be looking to get out if I can get around 70p.

I just do not trust the NAV announcements, and have asked Numis to arrange a meeting with the managers so they can explain the current portfolio and what the reasonable likelihood is of redemption proceeds being in line with NAV.

tiltonboy
11/10/2012
21:37
A decreasing share price combined with an increasing NAV is always tempting!

I am surprised though, at the extent to which this company didn't do what it said on the tin.

As a retail investor I would expect a fund called "Signet Global Fixed Income Strategies" to have underlying exposure to fixed income securities.

However their interims include the following

"Double Haven Temple (where in respect of one of the key assets, the need for additional 3D
seismic studies results in lower liquidity expectation for oil drilling rights off the Vietnam coast)"

Oil drilling rights off Vietnam may well be a decent investment, but fixed income - really?

hoveite
11/10/2012
19:58
umm...buy or raging buy....answers on a postcard etc etc
badtime
Chat Pages: Latest  11  10  9  8  7  6  5  4  3  2  1

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