Signature Aviation Share Discussion Threads

[bluepill] 21/1/2008 19:30

are there any other jewelers listed in uk?

[what is a login ?] 18/1/2008 13:26

Yes. I love them so much I would like to see them in the stocks
(sorry about the dreadful pun)I mean the medioeval sort where people threw stuff at them.
I saw the sell recommendation on the "This is Money" page.
I eventually sold my 2000 shares at 58 and a bit p.
Over the years I had got several hundred pounds from this small quantity in divis.
However I had other reasons for selling and my portfolio looks tidier.
But so much for the experts. A pox be upon them.

[25babies] 18/1/2008 11:48

Panmure says sell - the share price goes up over 20% since.

Don't you 'love' the experts.

[m.t.glass] 11/1/2008 14:03

Harsh broker notes this morning - but share price not reflecting them so far..



STOCKWATCH Signet shares lower; SG cuts to 'sell'; Panmure cuts price target

LONDON (Thomson Financial) - Shares in Signet Group were slightly lower midmorning after SG Securities cut its recommendation to 'sell' from 'hold' and Panmure Gordon cut its price target to 50 pence, from 60, following the company's results yesterday.
At 10.22 am, Signet shares were down 1/4 penny at 55-1/2 pence. The FTSE 250 was down 37.6 points at 9,763.0.
Yesterday, at 12.30 pm, Signet reported that for the eight weeks to Dec 29
-- the bulk of Signet's fourth quarter -- group sales on a like-for-like basis,
which strips out the impact of new and closed stores, fell 6.8 pct.
Within this, like-for-like sales in the US, where the group makes three
quarters of annual sales, were down 8.1 pct, while UK like-for-like sales at H
Samuel and Ernest Jones fell 3.1 pct -- a worse than expected outcome in both
markets.
It also revealed that the domicile of the group is under review, as US
investors own nearly 50 pct.
SG said in a note this morning that it had downgraded as the near term
trading outlook is bleak as jewellery appears to be underperforming an already
soft retail market, and a further sharp decline in profits seems probable.
It said it was now forecasting a 25 pct fall in pretax profits for the year
to January 2009, to 262 mln usd. SG said it anticipates further bad news in the
first half of 2008.
SG cut its target price to 45 pence, from 70.
In other reaction this morning, Panmure Gordon said Signet's US sales and
margin were in line with its expectations, but the slowdown in the UK has led it
to trim its forecasts by 5 pct for 2008 and 10 pct for 2009.
Panmure said that given the consumer outlook on both sides of the Atlantic,
and the challenges Signet faces in repositioning on price in the year ahead, it
continue to be cautious on the stock.
It said a 6 pct+ dividend yield could support the shares around the current
level, but downside risks to estimates remain, and so it retained its 'sell'
recommendation.
Yesterday, Signet shares rose 1-1/2 pence to close at 55-3/4.

[e-mail]
btg/slm

[rhodesthomson] 10/1/2008 13:41

Any excitement to be derived from potential change of domicile? Without that, it's back to shorting this again.

[m.t.glass] 10/1/2008 12:50

RNS Number:4852L
Signet Group PLC
10 January 2008


Signet Group plc (LSE: SIG and NYSE: SIG) Embargoed until 12.30 p.m. (GMT)

10 January 2008

CHRISTMAS TRADING STATEMENT

Like for like sales 8 weeks to 29 December 2007

Group down 6.8%
US down 8.1%
UK down 3.1%


Like for like sales 47 weeks to 29 December 2007

Group down 0.2%
US down 1.0%
UK up 1.8%


Terry Burman, Group Chief Executive, commented: "In a very challenging consumer environment on both sides of the Atlantic, Group like for like sales were down 6.8% over the eight week period. Profit before tax for 2007/08 is currently
expected to be between $330 million and $340 million. Against the background of
more difficult economic conditions, the Group's strong balance sheet, superior
operating metrics and sector leading execution are vital medium and long term
competitive advantages."

"In the US, the like for like sales performance over the Holiday season was
clearly disappointing. We remain focused on implementing our proven strategy and
on gaining profitable market share."

"In the UK, while like for like sales declined in the Christmas period they are
ahead for the year to date reflecting improved execution in a difficult market.
Further enhancements to the basic retail disciplines are planned for 2008,
including the initial roll out of the new Ernest Jones store design."

"The consistent growth in the holding of US beneficial shareholders has
meaningfully accelerated in recent weeks and as a result Signet may soon become a domestic issuer for SEC purposes. The Signet Board has kept under close review the most appropriate domicile and stock market listing for its shareholders as a whole. In light of the recent changes in the shareholder base of the Company,
the Board will further consider these matters, including seeking the views of
its shareholders. There is no certainty as to the outcome of this assessment,
even in the event of Signet becoming a domestic issuer."


Enquiries: Terry Burman, Group Chief Executive [phone]
Walker Boyd, Group Finance Director [phone]


Tom Buchanan, Brunswick [phone]
Wendel Verbeek, Brunswick [phone]

[chrisc168] 10/1/2008 12:33

Forget this. I am selling out and getting in VIY.

[m.t.glass] 10/1/2008 10:42

Last year's January 11 Trading Statement came out at 12:30pm. Today the same time?

[m.t.glass] 09/1/2008 14:42

OUTLOOK Signet seen as Christmas loser




LONDON (Thomson Financial) - Signet Group PLC, the Anglo-American jewellery
retailer, is expected to join a growing list of Christmas losers when it updates
on trading on Thursday.
The group, which makes three quarters of its annual sales in the US, issued
a pre-Christmas profit warning on Nov 27, blaming a sharp deterioration in
fourth-quarter trading. This significantly reduced expectations for the
important festive period.
The alert flagged that Signet's US sales had weakened sharply since the end
of its third quarter on Nov 3, with November's like-for-like sales running down
around 7 pct. In the UK, the retailer flagged a "weakening" as the month
progressed but did not provide figures.
During the third quarter, US like-for-like sales grew 2.5 pct, while UK
like-for-likes were up 4.8 pct.
Signet warned it would not meet analysts' profit expectations for the year
to end-Jan 2008. Analysts promptly slashed pretax profit forecasts by about 20
pct to a consensus of 353 mln usd, down from the 401 mln achieved in the
previous year.
Signet also warned its competitive position in the US is likely to
deteriorate in the year to end-Jan 2009 as it plans to "realign" prices after
Valentine's Day to claw back substantial increases in diamond, gold and platinum
costs over several years.
Analysts at UBS expect US like-for-likes to be down 7 pct over the Christmas
period, with the UK flat.
For the entire fourth quarter, analysts at Dresdner Kleinwort are
forecasting US like-for-like sales to fall 6 pct, with the UK up 1 pct. They
reckon group gross margin will be down 50 basis points.
"While Signet is a high quality operator with a best in class model and
management, jewellery sales are macro sensitive and the consumer outlook plus
painful commodity cost pressure mean there is still estimate risk for 2008/9,"
they told clients.
Analysts at Credit Suisse anticipate fourth-quarter like-for-like sales in
the US to be down 5-7 pct, with the UK flat. They expect profit forecasts both
for the current year and next year to fall again following the update.
[e-mail]
jdd/slj

[wyorke] 04/1/2008 10:23

SIG is OK, maybe not bad at X'mas shop.

[pugugly] 04/1/2008 08:58

Headling needs changing or new thread


TIME TO GET OUT OF SIGNET - NOT TOO LATE TO CUT LOSSES.

[kasman] 08/12/2007 10:24

BBJL - you around?

[aos] 29/11/2007 08:27

I see that Declan Currie (BBC1 Breakfast) today was interviewing Gerald Ratner. They were discussing the possibility of him returning to the High Street. The main topic of conversation seemed to be that of Signet. He would not be drawn on whether he was going to make a bid. Looks like this could be the space to watch?

[enami] 27/11/2007 20:04

So is this the point where Gerrald Ratner turns up with some opportunist financier.

[sikhthetech] 27/11/2007 18:23

wyorke...agree...should get support 50-60p....
Retailers always have a weak run-up to Christmas then after Xmas they say 'trading improved'....
imo, dyor

Good Luck

[bigbobjoylove] 27/11/2007 15:32

it'll break that no problem, the shares are expensive over 40p. Check out the forecasts.

[wyorke] 27/11/2007 15:07

50-60p is support line at 10 year.

[bigbobjoylove] 27/11/2007 14:50

You've got off lightly so far, look at PDG which has also warned today, a far cheaper share and it's down 30%.

[bigbobjoylove] 27/11/2007 14:03

that's a grim statement, worth shorting, any remote warning and stocks are falling 40% over the next few days after the statement. Weak dollar as well, as grim as you can get,

yikes! Net Debt 541.50 m , that will eat into alot of the profits, can see 35% downside next few days to about 50p.