Signet Gbl GBP Share Discussion Threads

[tiltonboy] 03/7/2012 15:28

Post removed in light of SKYSHIP's corrected version below.

[stemis] 03/7/2012 15:14

How easy is it going to be for SIGG to liquidate its holdings in the various funds it holds?

[tiltonboy] 03/7/2012 15:02

100k just gone through on SETS at 66.75p, so the seller seems keen.

[seekerofvalue] 03/7/2012 14:48

Praipus, agreed. By my calculations it equates to a return of 42.17p per share. So I will be watching the share price closely.

[praipus] 03/7/2012 14:42

hmmm be careful Seekerofvalue £370m sounds a lot but its under 10% of the market cap any volatility could make it a lot less desirable. Also once the cash gets paid back the NAV and share price could drop together causing an over reaction to the share price on the downside and you may not be able to get out with a profit.

[seekerofvalue] 03/7/2012 14:27

Partial return of capital

Rexam announces proposed sale of Personal Care for $709m (£452m) and return of around £370m to shareholders 3/7/12

[tiltonboy] 03/7/2012 11:30

Filled at 67p again on the board.

Feels a bit like LMS a couple of months ago, picking stock up easily at close to the bid. Hopefully we will get a similar price action here.

[badtime] 03/7/2012 10:46

Took some at 67.05 ..the trade hasn't shown up yet

[envirovision] 02/7/2012 13:30

Indeed, I am in. I notice buys seemed to have been matched by sells, so theres clearly a seller pegging the share down. Like tiltons says why is only for us to guess but hopefully they wont be around much longer

[skyship] 02/7/2012 13:18

Elmfield - hold both APEF & SIGG; & among the PE & Defined Return plays also hold:

ACD, GHE, HPEQ, MTH, NRI, PIN, RECP & SPPC

With the NAV back up to 90p, the current share price is little short of madness!

[skyship] 02/7/2012 13:14

Final Net Asset Value

As at the close of business on 31 May 2012, the final Net Asset Value per share is as follows: GBP 0.9004

This valuation, which has been prepared in good faith by the Company, is based principally on formal valuations supplied to the Company by the administrators of the Company's underlying investments. In the case of certain of the Company's investments, estimated valuations prepared by the administrators of the underlying funds have been utilised.

[elmfield] 02/7/2012 09:48

Apef looks like a better punt to me, do you not think?

[tiltonboy] 01/7/2012 21:02

I will have a look at NRI next week.

[skyship] 30/6/2012 09:54

Have a good weekend - hope the sun shines for you.

Incidentally, re "...another PE wind-up." Did you run your slide-rule over NRI? I posted on it the other day. Looks like another HPEQ in my book; perhaps not quite the same dramatic returns, but yet another opportunity to add to the growing list...

[badtime] 30/6/2012 09:44

Will u b watching in a deckchair? :)

[tiltonboy] 30/6/2012 07:59

SKY,

I wouldn't go that far!!!

My homework has been limited to the basic facts; I have done little homework on the underlying assets. I am comforted that 40% of the portfolio will be in cash in a few months time, but that doesn't seem to comfort the seller. I do feel, however, that there is a lot of indiscriminate/forced sellers out there, which has given us a lot of opportunity across a wide range of stocks. Only they know why they are selling. I will keep buying!

As a stockpicker, I see so many opportunities at the moment, and it is a case of gauging which will move first, not necessarily furthest. LMS has taken a bit of time, but in the same time SIGG has fallen further. Ideally I wanted to switch from ACD (still stubbornly holding on to 79p) into SIGG, and from LMS into amnother PE wind-up. If it means I have to be overweight in some strategies, then so be it.

Not quite a re-run of the Splits "give-aways", but as October marks the 10th anniversary of my entree into Zero's, I would love to think we could have another wonderful two or three years of opportunity.

That's it for me, taking the youngest and his gf to the Party on the Beach at Weston for the weekend.

[skyship] 30/6/2012 07:43

Hey, come on P. - he didn't actually state it to be over-valued...

The share price drives me mad too as it is so absurdly under-valued. I topped up with another 10k @ 67.4p; but Tilts managed to buy @ 67p just after - see his comment on the LMS thread. Personally I believe his support underwrites the value here; and shows we haven't got our stats wrong...

[praipus] 29/6/2012 18:18

Seekerofvalue if you think its over valued why not go short?

[jaws6] 29/6/2012 15:41

Tks for info.will do work in w end to work out.

[praipus] 29/6/2012 14:21

Jaws6, I'wish showing as a 13% loss at the moment!

Average price paid 77p.

I bought on the "momentum" caused by Weiss Asset Management arriving on the scene.

[seekerofvalue] 29/6/2012 14:05

SKYSHIP, thank you for reiterating that. SIGG remains on my watchlist until I see some actual upward momentum.

[jaws6] 29/6/2012 13:57

Prapus
Tks.Can not remember but you got this around this price ?
will look in w end.

[praipus] 29/6/2012 10:22

Hi Jaws6,

The following link is from Skyships post 136, the portfolio is listed here:

[jaws6] 28/6/2012 21:08

Skyship
Tks.I need to check their portfolio because they do not sell till Sept or Aug so need to check all portfolio in this mkt first .
Any link for their portfolio or any broker note or info . pl post here.
I will try to read up in week end for their holding.

[skyship] 28/6/2012 17:48

Positive news. The Board acting in the best interest of shareholders rather than in the best interest of the Investment Managers.