Signet Gbl GBP Share Discussion Threads

[tiltonboy] 30/4/2012 15:47

Recent Sterling strength will have knocked a few coppers off NAV. I'm no longer a buyer.

[eeza] 30/4/2012 15:43

RNS
2 Directors turfed out.

Sp starting to look sickly.

[eeza] 17/4/2012 17:24

High time the FSA demanded the Regulations were adhered to, ensuring prompt & timely disclosure.

But won't hold my breath.

[skyship] 17/4/2012 17:05

Yes - confirmation of what we all thought - though a bit late in the day after the transaction back on 5th April. Hopefully we will soon hear who bought that stock, it being a 3.3% stake - so has to be declared.

[eeza] 17/4/2012 16:40

RNS
7Management all out.

[seekerofvalue] 17/4/2012 12:59

SKYSHIP, modesty and balance is what is lacking on most threads. You deserve the plaudits.

[skyship] 12/4/2012 18:03

Yes - a disappointing NAV estimate - losing 1.8% in March:



Seeker - re yr kind implication in 104 above, Tilts is the expert on this thread, not least because he is "current", whereas what little I learnt was a long time ago now! Tilts' reservation is the one negative I can think of here - though I am interested to hear how they managed to lose 1.8% last month!/?#~

APEF may well be a better bet for you. I think Aberdeen will have to fall in line and do something more to restore shareholder value - a more active discount management scheme at the very minimum. Note that just a closing of the discount to 30% would take them up from 57.5p to 69.5p for a gain of 21% - bang on your target!

[jaws6] 12/4/2012 17:15

RNS after close out

[seekerofvalue] 12/4/2012 16:22

SKYSHIP, I see your thinking. Seven have not made a declaration since going to 4%. If a declaration is not forthcoming stating that they have gone below 3% or 4%. Then the mystery of the drift will continue.

You had a good entry on APEF. Thanks they look interesting, I will watch them now.

[skyship] 12/4/2012 15:41

TILTS - OK - now unhedged, but to my mind that is a good thing - quite happy to have US$ exposure.

seeker - see my Post no.75 above - perhaps a continuation of the Seven Asset Management liquidation of their position - don't know, but not concerned

Incidentally, take a look at the great article on the Private Equity liquidations over on the PE thread. Tempted me to add a few more APEF - that 43% NAV discount is absurdly high. APEF could well also qualify as a play for your 20% upside; especially as they have a continuation vote to get through next year; so they need to do some positive in advance of that.

[seekerofvalue] 12/4/2012 15:14

SKYSHIP, you a far more experienced investor than I will ever be.
So what do you think caused the drift?

[tiltonboy] 12/4/2012 15:09

SKYSHIP,

You have not factored in currency risk. This is my major worry.

[seekerofvalue] 12/4/2012 12:36

Okay will do.

[jaws6] 12/4/2012 12:32

np,do let me know when you get it.tks.

[seekerofvalue] 12/4/2012 12:14

jaws6, thanks. It is so hard to find low volatilty investments these days. I have already looked at DNE and HGT and remain on the fence about them.
I made a nice return on T2IL last year and it is rising again over the past month, inspite of where inflation should be heading. So I am seriously considering it again but would prefer to purchase it nearer to 190.

[jaws6] 12/4/2012 11:44

seekerofvalue
I got few of this so waiting if it deliver return.
Have you had look at DNE tender offer news or HGT ?

[seekerofvalue] 12/4/2012 11:32

I am looking to compound my MSFT profits somewhere for some additional sleepy easy returns. I already hold ACD, so I am considering SIGG, but I can not understand the drift in share price since it recently hit 78p.

Are investors currently questioning if the realisation timeline is achievable?

[praipus] 11/4/2012 17:29

Agreed. However both clever outfits. Content to wait nervously for further developments.

[skyship] 11/4/2012 17:28

And now an interesting put-through of 3.16m @ 71.0p to 71.16p

Who took those I wonder...

[skyship] 11/4/2012 14:36

Strange "Holding" RNS. It would seem as though CGT got their holding from WEISS. Not sure I understand that one!!!

[skyship] 10/4/2012 13:56

Made a top-up today @ 72.2p

Assuming a 5% liquidation discount to 85.7p and an average redemption date of 30th Jun'13 (c60% likely before then and 40% thereafter); then at 72.2p the GRY = 15%.

No reason why the payout shouldn't be more than that 85.7p. If we hit the current NAV of 90.2p then the GRY would be 20%!

IMO the stake purchase by CGT is a bit of a game-changer...

[badtime] 05/4/2012 22:50

Thanx for that update sky

[skyship] 05/4/2012 17:41

Two late RNS's:

# one confirms the End Feb. NAV @ 90.18p

# the second far more interesting as it seems as though the buyer of that 5m tranche is R.P.A. Spiller's Capital Gearing Trust - "CGT". They have moved from 1.59m to a declarable 6.96m (7.26%)

They have a great reputation, so well pleased with that little announcement:

[jaws6] 05/4/2012 16:49

RNS after close on NAV