Signature Aviation Share Discussion Threads

[volvo] 04/6/2008 15:43

Think we will could get to 50p this Friday with the trading statement.

[25babies] 18/4/2008 15:50

Trust me I am a doctor.

[dr darkstar] 15/4/2008 08:16

down through 60p .. last chance to sell before 50p ?

[dr darkstar] 14/4/2008 13:39

looks like the US retail figures have had a negative impact

[dr darkstar] 14/4/2008 12:39

sell in the Sundays this weekend

[scrapman] 10/4/2008 11:13

I would think the current year will be pretty desperate , retail is suffering and the signet model is nothing special , the post Christmas period will have been pretty tight IMHO

[m.t.glass] 10/4/2008 10:21

LONDON, Apr 10, 2008 (Thomson Financial via COMTEX) -- SIG --

Seymour Pierce has downgraded Signet Group Plc. to 'sell' from 'underperform' following its results yesterday.

In a note this morning, the broker said there were no surprises in the results for the year, although it said current trading was better than expected, especially in the UK.

The broker said while recognising the difficulties in the consumer environment and input cost pressures, the tone of the statement was relatively upbeat.

However, it said it struggles to see how a US/UK consumer-facing business with largely stalled earnings per share (EPS) growth can continue to demand such a rating, prompting its downgrade to 'sell'.

Meanwhile, SG Securities kept a 'sell' rating on Signet, but raised its price target to 44 pence from 34 pence, given its slightly higher EPS forecasts for the group.

The broker said Signet's full-year numbers were in-line with recent guidance and called current trading a "positive surprise."

But looking ahead, it said it will be looking to see if sales trends have weakened when the group publishes its first quarter results in May.

[scrapman] 10/4/2008 09:04

mixed feeling with the analysts this morning , I cannot see how jewellery retail will not be affected by the malaise in the high street,

[25babies] 09/4/2008 14:49

A reasonable set of figures in the prevailing economic circumstances. Explains why the share has been performing so strongly since early March - 33% up in a month.

Not that anyone who legally can trade was aware of the outturn to February 2 until today.

[master rsi] 09/4/2008 13:43

Signet to list in US

Jewellery retailer Signet Group has today reported an expected 16.8% fall in full-year pretax profit.
The Anglo-American retailer said this reflected tough trading conditions on both sides of the Atlantic, and warned the outlook remains 'very challenging'.

The 1,962-store group also confirmed it plans to shift its primary listing from the UK to the US.
For the year to February 2nd 2008, Signet made a pretax profit of $333.5m, in line with the company's guidance but down from $401m in the previous year.
Full-year sales increased 3% to $3.67bn, up 3%.

Within the group, like-for-like sales fell 0.7%, with the US down 1.7% and the UK up 2%.
The company raised the full-year dividend 1.6% to 7.277 cents, payable from basic earnings per share of 12.6 cents, down 18.2%.

Since the start of 2008/09, the group has experienced a 'low single digit' decline in like-for-like sales, with the US down about 4%, having had some benefit from better weather over Valentine's Day. It said early results have been 'encouraging' from price increases implemented after Valentine's Day in the US, UK like-for-like sales were up mid single digits.

CEO, Terry Burman, said that in view of the uncertain economic environment, Signet has identified actions 'to drive sales, protect gross margin, and tightly control costs'.
The group said its demanding investment hurdle rate continues to be applied and as a result, US net store space growth is expected to be lower, at about 5% in 2008/09, versus 10% in 2007/08.

Signet's decision to pursue a US listing follows a consultation with its major shareholders.
'However, in light of market conditions, the determination and timing of any such proposal remains uncertain and will continue to be kept under review by the board,' said Burman.

[25babies] 27/3/2008 11:46

30% increase in 2 weeks - what's going on?

[wyorke] 08/2/2008 09:05

this share price hold at 60-70p area,
some city broker say 70-80p, some USA bank say 50-60p,
so it is fair price at now.(62p)

[25babies] 01/2/2008 17:20

Directors buying ahead of good news?????

[25babies] 29/1/2008 15:05

Quite a lot of small purchases and ADRs by directors over last 10 days - any significance as volumes very low???

[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.