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SIGG Signet Gbl GBP

57.50
0.00 (0.00%)
19 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 426 to 450 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
28/1/2013
14:59
lol hugepants in my experience with shares do not assume anything other than anything can happen.

When I've got more time I'll list all the companies I've been in which have had mysterious re-rating and massive drops in NAV just before liquidation, redmption or just after a change of manager or valuation method. On then whole they cpme through ok but only slightly more often than any normal share punt/investment.

Be careful:-)


(Edit: 29/1/2013 for example NBPC:25%+ NAV drop just before liquidation, SED 30% drop after new manager dicovered rubbish valuation)

praipus
28/1/2013
14:39
Historically they've invited shareholders to tender their shares for redemption at close to full NAV. So the NAV of the remaining shares remains approximately the same. The share price tends to rise as the tender is announced, and then fall after it's completed, because although the NAV is largely unaffected, the remaining shares tend to be the less liquid rump.
briangeeee
28/1/2013
14:08
yes in my experience when companies return cash the shares start to re-rate towards NAV ie. if they return 20p cash the shares may only drop 14p
hugepants
28/1/2013
11:46
HP, nothing's been announced, and with new management we won't really know until they get a feeling for the portfolio and announce their intentions.

However, going from previous management's announcements, there looks to be about 34% of NAV due to be realised by end July, so perhaps we'll receive 25-30p in late summer.

briangeeee
28/1/2013
11:27
thanks though that doesn't mention cash return just asset realisation
hugepants
28/1/2013
11:18
Yes. From last year's IMS:

Managed Winding Down

Following the third quarter 2012 investment reviews with the managers that the Company is invested with, and reflecting the recent distribution of cash to shareholders in September 2012, the cumulative percentage of net assets (1) the Investment Manager expects to be realised from the remainder of the portfolio, based on probability analysis, is as follows:

Cumulative % of net assets

By 30 November 2012 6%

By 31 December 2012 7%

By 31 January 2013 15%

By 28 February 2013 15%

By 31 March 2013 15%

By 30 April 2013 27%

By 31 May 2013 27%

By 30 June 2013 27%

By 31 July 2013 34%

By 31 August 2013 36%

By 30 September 2013 36%

By 31 October 2013 37%

By 30 November 2013 37%


Source: Signet Capital Management

hezza123
28/1/2013
10:54
Are SIGG expected to return some cash this year?
hugepants
28/1/2013
10:50
Aye, and a further 200k at 56.5 for good measure...
hezza123
28/1/2013
10:16
still 25k on offer at 56
jaws6
25/1/2013
19:34
Praipus, Weiss messed up. They were expecting to make a quick buck and are now throwing the baby out with the bath water.

Tilt, yes when I saw the news I thought it was us. As you know, only discretionary holdings count when calculating % so you can guess who the biggest holder is now!

deepvalueinvestor
25/1/2013
11:30
Skyship, I would imagine Weiss have been taking up the redemptions and therefore the loss is a lot less than might be assumed, but a confusing loss none the less.
praipus
25/1/2013
10:45
o tilts ...give the chap until monday :)
badtime
25/1/2013
10:34
dvi,

I was actually alluding to one from the seller...lol...but will await yours as well.

Only another 11.4m to buy. I'm sure you can mop those up this afternoon!

tiltonboy
25/1/2013
10:24
Yes, Brookdale/WEISS continue to sell down their holding, from 12,801,689 to 11,401,689 - just under 15%.

Does seem bizarre that they should be cutting a large loss to sell at this level.

skyship
25/1/2013
10:17
RNS holding in co
jaws6
24/1/2013
18:24
I think we are close tiltonboy
deepvalueinvestor
24/1/2013
09:10
dvi,

seller upping his price into your buying. 200k on offer at 56.5p.

About time we had a shareholding notification!

tiltonboy
24/1/2013
01:23
We took out 56p today...
deepvalueinvestor
23/1/2013
15:47
some one on offer for 1 share at 55.5 for auction ??
55.5 56.5

jaws6
22/1/2013
19:42
My major concern is that the portfolio has a bigger "tail" than has been accounted for. I may be comforted when I have had chance to meet the managers.
tiltonboy
22/1/2013
18:55
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.

deepvalueinvestor
22/1/2013
11:03
157k gone in auction @ 55.5p.
eeza
22/1/2013
08:36
...and true to form, the seller has put up another 200k on the offer this morning!
tiltonboy
21/1/2013
18:55
Yes, conference call booked for early February.

Any chartist here by the way? Any idea where 50 day moving average is?

deepvalueinvestor
21/1/2013
18:33
dvi,

When are you hoping to speak to Gottex?

tiltonboy
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older

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