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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sherborne Investors (guernsey) C Limited | SIGC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -0.90% | 55.25 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 55.25 | 55.75 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 05/09/2023 | Interim | GBP | 0.005 | 14/09/2023 | 15/09/2023 | 06/10/2023 |
| 20/04/2023 | Interim | GBP | 0.005 | 04/05/2023 | 05/05/2023 | 26/05/2023 |
| 18/08/2022 | Interim | GBP | 0.005 | 25/08/2022 | 26/08/2022 | 16/09/2022 |
| Top Posts |
|---|
Posted at 04/7/2023 13:31 by extrader SIGC is the largest shareholder @ 23.1% per stocko, so it might need to await some corporate activity...or evidence of 'turnaround/re-invenIf anyone is in a position to bring either of those about, it'll be Yowan , newly-appointed Pres and CEO, who I believe is Bramson's man. Most of the assets are ex SallieMae, AIUI, so should be Govt-guaranteed, no? As you say, NAVI is the administrator. Discl.: as a learning process, I'm gradually building up my exposure to US stocks and the US market, but prefer to do this via a UK vehicle and following a successful US investor. I'm not particularly wedded to NAVI, per se. |
Posted at 29/6/2023 15:29 by extrader SIGC has just managed to get 'their man' elected Pres and CEO. It's also announced that this will be the last activist-driven deal, they'll return eventual sale proceeds to holders.A single trade of 250K shares @60.0p/£150,000 has gone through today. The next NAV update is due tomorrow. NAVI is nicely up over the month, from $15.15 to $18.78 atm, offset by slight £:$ strengthening, discount should widen some. IMO |
Posted at 15/6/2023 15:58 by extrader As I understand it, NAVI had a standstill agreement with Bramson, he/SIGC being its largest shareholder, that prevented a Bramson concert party from going over 20%.hxxps://delawarebusi Per the article, that expired at the recent AGM (Q? either May 25 or June 1st, stockopedia isn't clear). Separately, David Yowan (believed to be Bramson's man-or, at least- 'a man Bramson can do business with') was appointed Pres and CEO on 15th May 2023. He's been a NED on NAVI for abt 5 years. Yowan appointment was based, inter alia - per the press release - on his "proven track record in transformational change.." His predecessor, Remondi, "according to a U.S. SEC filing, was terminated without cause, meaning that he was laid off but not because of any misconduct." See hxxps://delawarebusi Meanwhile, over at SIGC, they issued an atypical RNS on 18th May 2023 that says : .."The board of Sherborne Investors (Guernsey) C Limited (the “Company” I read the italicised bit as SIGC may be expecting some kind of corporate activity or rerating that warrants exiting the investment; and the bold bit that, in either case, SIGC will in due course be wound up and proceeds returned to shareholders ie the discount will pull to par. Activist Bramson didn't get his way at BARC, but maybe he has at NAVI ? All IMO, AFAICS, NAI, DYOR etc etc. |
Posted at 03/10/2022 20:15 by ceaserxzy Anyone has got the dividend from sigc? It has been over two weeks too late but still unpaid. |
Posted at 22/8/2022 17:36 by makinbuks Comment on Citywire today, much as this board has been saying:Activist fund Sherborne Investors (Guernsey) C (SIGC) only holds one underlying stock – US student loan company Navient Corporation – but this comes via a stake in a limited partnership vehicle run by an affiliate of its investment manager. SIGC’s shares trade on a 34.5% discount to the last published net asset value (NAV), which has probably risen since. Investors may be becoming a little impatient for results, given they are sitting on a 50% loss after five years while the manager has been raking in substantial fees. Edward Bramson, a partner in Sherborne Investors, has made it onto Navient’s board. However, there is no clarity over what happens next. |
Posted at 22/12/2021 08:59 by makinbuks Looks like a legal mess. Umpteen actions against them and now a poison pill dividend issue. Appears the latter is to prevent a takeover whereas I suspect Sherbourne will stay below 20%. |
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