Signature Aviation Share Discussion Threads

[master rsi] 05/12/2002 14:22

The Indicators are in the wrong position for buying, so I thing that is the reason for going down, the right time will be went RSI and Stochastic are both at lower end.
In previous times to get in was 7 Oct and 19 Nov so wait for another week at least.

[w.bramley] 05/12/2002 11:10

Just a small amount of buying will turn it around. Why not add a few more to your present holding? I have."Never try and find the top or the bottom" Warren Buffett

[cheeko the bandit] 05/12/2002 09:51

I've been watching this share for 7 years and noticed a big rise would be followed by a subsequent fall with the lower and upper levels moving up each time, finally took the plunge this time last year with 90,000 @ 61p, cashed in three weeks later @ 90 1/4p but look at the graph and you will see it rose to 130 post xmas...damm! Look at the graph again for exactly this date and its done the same as it did last year, they are now entering their best period and I am expecting the pattern to repeat, I shall put my foot in it and say 130 post Christmas is not impossible...but don't hold out too long as the summer lull is inevitable...good luck

[mrtubbs] 05/12/2002 08:13

Morning Verger,
I agree with your posting. This share has had many ups and downs and that is where we can capitalise on these differences.I still think it will go up to its previous level of 90p in the near future.

[moonblue] 05/12/2002 00:46

Mr Tubbs did you buy it for the discont?

[moonblue] 05/12/2002 00:21

10% discount on sig today

[verger] 04/12/2002 23:24

John Ballie, an analyst at SG Securities, said the slide in Signet's shares was an over-reaction.

"It's an uncertain background, but this is a good business that consistently outperforms the peer group," he said, keeping his full-year pre-tax profit forecast at 185 million pounds and maintaining his "buy" recommendation on the shares.

[mrtubbs] 04/12/2002 17:18

w.bramley

Thanks for info. I had help on this before and established that everyone had an 'EDIT'. I thought it was given to the 'new boys'. Everyone thought it was a windup. Only way to learn is to ask questions.I was holding at 90p looking towards 94p when down she went, still holding and waiting for some recovery from what was my original starting point.

[verger] 04/12/2002 16:17

Had sold at 87.25. Back in for more.

[mrtubbs] 04/12/2002 14:44

Moonblue...I used to trade this share a while ago and it made me some money. Just back in to switch the computer on and I see it has dropped like a stone back to what I picked it up for. Well thats how it goes. Made up for it with BBG and SCG.

[rat attack] 04/12/2002 14:31

Q3 figures:

Signet Group plc (LSE: SIG and Nasdaq NMS: SIGY), the world's largest speciality retail jeweller, today announced
results for both the 13 weeks and the 39 weeks to 2 November 2002.
GROUP
In the 13 weeks to 2 November 2002, Group total sales rose by 3.7% (8.6% at constant exchange rates) to £278.9 million
(2001/02: £268.8 million). Like for like sales were up by 4.8%. Operating profit was unchanged at £7.2 million. Net
interest payable for the 13 weeks decreased to £3.6 million (2001/02: £3.8 million). Profit before tax was £3.6
million (2001/02: £3.4 million).
In the 39 week period, total sales grew by 7.0% (9.7% at constant exchange rates) to £961.7 million (2001/02: £898.5
million). Like for like sales increased by 6.3%. Operating profit rose by 11.2% (14.8% at constant exchange rates) to
£63.7 million (2001/02: £57.3 million). Net interest payable for the 39 weeks decreased to £12.6 million (2001/02:
£13.7 million). Profit before tax advanced by 17.2% (20.8% at constant exchange rates) to £51.1 million (2001/02:
£43.6 million). Earnings per share were 1.9p (2001/02: 1.7p).
UNITED STATES (CIRCA 71% OF GROUP ANNUAL SALES)
In the 13 weeks to 2 November 2002, US total sales increased by 3.0% (10.3% at constant exchange rates) to £187.7
million (2001/02: £182.3 million). Like for like sales were up 4.9% and operating profit advanced to £4.5 million
(2001/02: £4.2 million). The trend in bad debt charge continued below last year's level.
In the 39 weeks, US total sales advanced by 6.4% (10.1% at constant exchange rates) to £686.8 million (2001/02: £645.2
million). Like for like sales were up by 6.2%. Operating profit advanced to £56.3 million (2001/02: £52.3 million) and
the operating margin was 8.2% (2001/02: 8.1%). The gross margin rate eased slightly, primarily reflecting anticipated
changes in sales mix. The bad debt charge was 3.2% (2001/02: 3.6%).
UNITED KINGDOM (CIRCA 29% OF GROUP ANNUAL SALES)
In the third quarter UK total sales advanced by 5.4% to £91.2 million (2001/02: £86.5 million), the like for like
increase being 4.8%. Operating profit was £4.0 million (2001/02: £4.3 million) reflecting greater investment in staff
training, increased insurance costs and a higher depreciation charge.
In the 39 weeks to 2 November 2002, UK total sales rose by 8.5% to £274.9 million (2001/02: £253.3 million), the like
for like increase being 6.7%. The gross margin rate was little changed and operating profit increased by 26.7% to
£11.4 million (2001/02: £9.0 million), the operating margin being 4.1% (2001/02: 3.6%).
GROUP COSTS, TAXATION AND NET DEBT
In the 13 week period, Group costs were unchanged at £1.3 million. In the 39 weeks Group costs were also unchanged at
£4.0 million. As anticipated the tax rate increased to 35.5% (2001/02: 34.5%). Net debt at 2 November 2002 was £254.6
million (27 October 2001: £300.6 million).
COMMENT
Terry Burman, Group Chief Executive, commented: "The Group saw some advance in profit before tax in what is
traditionally a period of low profitability. The US business made further progress, again outperforming its main
competition and gaining market share. The UK business also achieved solid sales growth and operating profit was
broadly similar to last year's level after absorbing anticipated cost increases.
The softening like for like sales trends apparent in the third quarter on both sides of the Atlantic accelerated during
November with the US performance affected by Thanksgiving falling one week later than last year. Our businesses remain
well prepared to compete during December, which typically accounts for around 70% of Christmas season sales."
Signet operated 1,660 speciality retail jewellery stores at 2 November 2002; these included 1,049 stores in the US,
where the Group trades as "Kay Jewelers", "Jared The Galleria Of Jewelry" and under a number of regional names. At
that date Signet operated 611 stores in the UK, where the Group trades as "H.Samuel", "Ernest Jones" and "Leslie Davis

[w.bramley] 02/12/2002 18:59

f1racer

Go on, you could do a lot worse than to take your girl to Earnest Jones, and buy her something expensive, plus you will get your 10% discount.

[f1racer] 02/12/2002 16:42

Yeah I got my discount card - unfortunately my g/f saw it and wants to me to test it out over xmas - balls ! lol

[mrtubbs] 02/12/2002 13:47

w.bramley -- thanks for the info will follow it up asap.

[bonsai] 02/12/2002 11:16

if we do break through then on the ftse we will have a powerful flat topped rising triangle which I am told can be used to calculate the height of the breakthrough.

250pts

that takes us to 4450.

[w.bramley] 02/12/2002 10:12

Signet shareholders. Did you receive your Signet 10% discount card last week, if not, is your holding in a nominee account? if so ask the brokers to inform Signet that you are a shareholder, and would like to receive the card. You should then receive it.

[moonblue] 02/12/2002 10:00

im out for now..good luck

[mrtubbs] 02/12/2002 09:04

Still going according to my analysis,heading from 90p to 91p and then on to 94p.dont miss the boat for Christmas. This is a stocking filler.

[royalflushinvclub] 29/11/2002 21:00

This one's goin nowhere; local know says sell at 85

[mrtubbs] 29/11/2002 08:36

I think it will pass 91p before any profit taking and perhaps it will reach 94. Its looking good so far.

[energyi] 28/11/2002 15:21

DAMNED IF you do, damned if you dont...


10yr. Rates seem to be bottoming as Wall Street peaks.
If the historical relationship holds.
But if the bottom gives way, will the market be able to sustain
its rise with interest rates rising?



that's quite a sharp drop in BOND prices too:

[matt1231] 28/11/2002 12:35

ZLC closed up 5.6% in the US.Difficult to say whether SIG gets sold down on profit taking from 90p but should trend up from here.IMHO>