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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sherborne Investors (guernsey) C Limited | LSE:SIGC | London | Ordinary Share | GG00BZ3C3B94 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 52.75 | 1,314 | 16:35:27 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 51.50 | 54.00 | 51.50 | 51.50 | 51.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Finance Services | 46.86M | 43.91M | 0.0627 | 8.21 | 369.25M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:33:18 | AT | 1,314 | 51.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/12/2024 | 07:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Net Asset Value(s) |
| 06/11/2024 | 18:19 | UK RNS | Sherborne Investors (Guernsey)C Ltd Holding(s) in Company |
| 01/11/2024 | 07:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Net Asset Value(s) |
| 11/10/2024 | 17:07 | UK RNS | Sherborne Investors (Guernsey)C Ltd Holding(s) in Company |
| 01/10/2024 | 06:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Net Asset Value(s) |
| 04/9/2024 | 19:10 | ALNC |  IN BRIEF: Sherborne dividend unchanged as net asset value falls |
| 04/9/2024 | 06:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Dividend Declaration |
| 04/9/2024 | 06:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Half-year Report |
| 02/9/2024 | 06:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Net Asset Value(s) |
| 01/8/2024 | 06:00 | UK RNS | Sherborne Investors (Guernsey)C Ltd Net Asset Value(s) |
Sherborne Investors (gue... (SIGC) Share Charts1 Year Sherborne Investors (gue... Chart |
|
1 Month Sherborne Investors (gue... Chart |
Intraday Sherborne Investors (gue... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/9/2024 | 10:59 | Sherborn c Post Barclays Sale | 65 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-12 14:33:18 | 51.50 | 1,314 | 676.71 | AT |
| Top Posts |
|---|
Posted at 12/12/2024 08:20 by Sherborne Investors (gue... Daily Update Sherborne Investors (guernsey) C Limited is listed in the Finance Services sector of the London Stock Exchange with ticker SIGC. The last closing price for Sherborne Investors (gue... was 52.75p.Sherborne Investors (gue... currently has 700,000,000 shares in issue. The market capitalisation of Sherborne Investors (gue... is £360,500,000. Sherborne Investors (gue... has a price to earnings ratio (PE ratio) of 8.21. This morning SIGC shares opened at 51.50p |
Posted at 04/9/2024 10:59 by makinbuks Half year report out today confirms the plan remains on track buy the market seems unenthusiastic. Navient was $17.76 a year ago, $19.21 at the start of the year and $14.16 at the low point in August before they announced the disposal of the medical division. It recovered to $16.93 subsequently and is now suffering again in these nervous markets.Of course the discount to Sherbourne's price and the exchange rate have to be factored in on top of that Cash is king and I think there will be a lot thrown off here. Navient is an unloved share that will have its day In the meantime Sherbourne could do with being a bit more communicative |
Posted at 07/5/2024 15:27 by makinbuks So following that news on Dec 8th last year, this gives a good summary of what is now intended:In short they expect cash released from loan repayments, plus the proceeds of selling the Business Process Division to exceed "current market value". That will be supported by an efficiency driven cost reduction process and leave them with a profitable and growing educational loans business called Earnest which is effectively in the price for free. So what's gone wrong in the last five months with NAV reducing from 80p to 68p? The exchange rate should, if anything, have been very mildly supportive (1.27 1st Jan to 1.23 end April). So I conclude its down to the interest rate outlook and "higher for longer". I suggest it may also be due to a lack of newsflow and the fact that Navient is such a complex business. What is presented in the link above sounds credible enough and they do talk about it taking the whole of 2024 to fully put the plan in operation. So I'm happy to hold on |
Posted at 04/7/2023 12:31 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 14:29 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 17:03 by makinbuks Extrader, some great research, thank you.I have to say the wording of the 18th May RNS is very ambiguous. What it says is one thing, but why was it necessary to be released to the market at that time is also intriguing. I don't think we know what price the stake was acquired at, but 16% was announced 21/12/21 in the run up to which the price was slightly above where it currently stands. By the time an additional 3% was announced there had been some weakness so my guess is that the average acquisition price was very close to the current level. Can they really be thinking now is the time to exit? Bramson has been on the board for a year. As you point out now he has the CEO he wants. I'm imagining that means some "transformational change" will be attempted but will take some time to affect the SP I just think this is a financial stock that got hit like all financials in the US by the banking crisis. Now its recovering. Meantime beneath the hood, its a student loan company with a lot of bad debts and provisions trading at a big discount to its book value. As interest rates increase its prospects appear worse. I can't see what will drive a re-rating but then I'm not Ed Bramson! |
Posted at 15/6/2023 15:20 by extrader Although Bramson made a loss on his BARC tilt, he appears to have been successful elsewhere :.."In a letter to investors on Friday, Sherborne said it was taking advantage of the rise in Barclays’ share price to exit its position, having seen the stock rise to more than 180p from 73p a year earlier. However, the share price is currently 15% lower than when the fund’s position became public. Sherborne Investors told investors it had joined the boards of five other companies since taking a stake in Barclays, and launched “successful turnarounds at all of them”. It said: “Each of these investments returned 100% or more , so it is a pity that the opportunity did not arise to join the board of Barclays to assist in a turnaround with a similar result." Let's see what happens with NAVI. |
Posted at 15/6/2023 14:58 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 15/6/2023 12:08 by makinbuks Since I wrote that p44, Navient share price is up about 17% and while Sherbourne has risen nicely in recent weeks it hasn't kept up. Trouble is I have no clue what is driving the Navient price. It was at similar levels at the end of January but fell away, I assume, with the concerns over US tier 2 banks. I'm just beginning to gain in confidence that our man may be onto something here |
Posted at 06/4/2023 09:36 by makinbuks Navient share price has gone nowhere in the last 12 months. To be fair given recent turmoil in financials thats not bad. But interesting to hear the investment thesis and how it is progressing |
Posted at 27/1/2023 20:13 by danny500 Big trades today 60+ million and price up. Navient share price creeping up. Looking for some positive news soon. |
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