Signature Aviation Share Discussion Threads

[bonsai] 20/11/2002 22:51

Is it all over now or is there one last burst tomorrow ?
from the top at 8795 early in nov, I can see an abc down to 8300 and then an ab complete and we are in c right now
8700 should fail and provide a failed retest of the high
imo

[random] 20/11/2002 17:27

Investtech has drawn a new h&s on the dow.

8579 is the recent lower high, and the current spot for the dow .....

neckline seems to be at 8400.

[moonblue] 19/11/2002 23:43

40p is my target,,,based on the chart flag

[robinparrie] 19/11/2002 16:38

Not a word of farewell to 80P....huh!

[adorling] 18/11/2002 13:59

Interesting that consumer confidence in both the UK and US is still relatively strong given the state of the economy. Since most UK retailers are rising in share price I have done the contrarian thing and bought 50pp upbet for March at 81.0p given that the Ernest Jones, H Samuel and Davis stores appear to be busting at the seems in the Berkshire (Windsor/Reading) area everytime I 'inspect one'. The chart looks good for support around 80p with a potential rise to 120p in my opinion!

[matt1231] 15/11/2002 14:26

Bounced off bottom 78.25/78.5. Interesting to see if SIG can close within 80-90 trading range currently @ 80/81 or thereabouts.If it closes below then trend broken, needs to hold onto 78p or raises charting/ta/possibly shorting questions imho.

[pparkin405] 15/11/2002 13:06

The answer is in my post above remember USA covers large % of Signets turnover and profit,if as the article states shoppers are not going to the shopping malls, then that is a major problems for signet AIMHO DYOR

[matt1231] 15/11/2002 13:06

Shares do look cheap sub 80p and usually bottom out at 78p to bounce back to trade 80p-90p.Merrill Lynch downgraded 5/11/02 to neutral from buy.Article in post 9 provides update on trading in the US whose earnings are most important to Signet confirming business slowed in October.

Would only be worried if share price were to close lower than 78p.

Three quarters of the groups profits are made in the fourth quarter and in my view yet to be reflected in the share price.IMHO,DYOR.

[yarer] 15/11/2002 10:29

agree with u rainbow

Signet due a bounce very soon in the coming days. Getting very oversold. But why. Exactly no reason so very safe stock imo

[rainbow4] 15/11/2002 10:27

Grossly undervalued share. Guaranteed massive returns on this one. From 80p-120p by March 2003

[matt1231] 14/11/2002 15:57

Starting to move up now 80.75p/81p some profit taking expected however.

[matt1231] 14/11/2002 15:55

share price trying to break out for the last hour.Target to trade 80-90 imho.

[matt1231] 14/11/2002 14:49

Ticking up from 80p offer (79p low)to 80.25p/80.5p with 250K "x" trade @ 80.5p.This company makes money and reports profits.US side of business is a class act & outperforms rivals.dyor.

edit: another x trade of 350K @ 80.5p

[matt1231] 14/11/2002 14:40

There we go 500K followed by 950K buy. buyers piling back in.Worth well over 100p+ after X'mas and new years trading.Jewellry always popular.imho,dyor.

[matt1231] 14/11/2002 14:34

Time to pile in methinks.X'mas should prove to be good trading.Stores already busy here and US won't disappoint.Take advantage of weakness.Note trend that sells always mopped up by big buyers.imho,dyor

[moonblue] 07/11/2002 21:11

LONDON (AFX) - Signet Group PLC, the world's largest speciality retail
jeweller, reported a 4.8 pct rise in third-quarter group like-for-like sales.
Total sales for the 13 weeks to Nov 2 rose by 3.7 pct to 278.9 mln stg.
In the US, total sales grew by 3 pct, with like-for-like sales up 4.9 pct.
In the UK, total sales grew by 5.4 pct, with like-for-like sales up 4.8 pct.
That included like-for-like sales growth of 2.9 pct at H Samuel and 7.9 pct at
Ernest Jones.
Chief executive Terry Burman said sales growth in the US was slower during
the month of October than in the quarter as a whole, but said the US business
had again outperformed its main competition and gained market share.
Group sales for the 39 weeks to Nov 2 increased by 7 pct to 961.7 mln stg,
while group like-for-like sales increased by 6.3 pct.
"Our businesses have performed well in the first nine months of the year and
supported by an increase in marketing activity and a number of new product
initiatives are well positioned to compete during the important fourth quarter,"
said Burman.
mps/ak
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[moonblue] 07/11/2002 21:11

that went down like a dodgy rolex

[bonsai] 07/11/2002 11:06

suspect it is in the process of topping.
wont have happened until we see a failed retest of the high.imo
i.e I dont expect a crash or even a very very large fall.
the crash in 87 started after a rally like this but that was from the top not half way down

[random] 07/11/2002 10:24

dow hugging the lower trendline. RSI very high. Pullback to 8600 is expected (50% retracement) at the least in the short term.

Also the region 8000-8200 has only been lightly traded, which is bang on the 50% retracement for the rally.

VIX has fallen, so maybe a touch of complacency as fred mentioned. Still, a blow off top to 9200 could occur, depending on tbond, which is testing its bull run.

Difficult trading conditions. My feeling is neutral is the best position, preparing for short.

Any other opinions welcomed ...

[karlm] 07/11/2002 00:18

Covered my short for a bout £60 profit...lost my nerve when the automated 9.4k buys kept appearing pushing up the bid.

Is this one of you guys covering your shorts eh?

Good luck all

Karl

[viren] 06/11/2002 13:55

a target price of 42p with some heavy resistence at 61p.

[avoint] 05/11/2002 23:44

Yep ready for a short

[moonblue] 05/11/2002 23:08

LONDON (AFX) - Shares in Signet Group PLC were expected to be active in
opening deals after Merrill Lynch downgraded its rating on the jewellery
retailer citing fears of a weak Christmas due to sliding US consumer spending,
dealers said.
Signet was moved to 'neutral' from 'buy' by Merrill.
The broker called Signet a "superb operator", but said it is becoming
increasingly nervous about prospects for US consumer spending.
While it thinks shares look inexpensive, Merrill sees increasing nervousness
ahead of Christmas which are likely to provide better buying opportunities ahead
for the shares.
The broker's move comes ahead of third quarter sales from Signet, due at
noon on Nov 7.
Merrill forecasts UK like-for-like sales growth of 6 pct, towards the top of
the forecast range, which it thinks is supported by positive noises from fashion
retailers.
It is less comfortable about the US market, which accounts for 70 pct of
group operating profits.
"With growing concerns about the US consumer's appetite for credit,
investors may decide that discretion is the better part of valour until
visibility in the US improves," Merrill told clients
The broker highlighted that recent updates from other US players have been
less than re-assuring, with Zale, Whitehall, and Findlay all weakening in their
like-for-like trends since the summer.
Merrill forecasts Signet to show 3 pct like-for-like growth in the third
quarter, at the bottom of the range, following the group's 6.7 pct growth in the
second quarter.
But it also highlighted that Signet's third quarter has proved a poor guide
to the fourth, when three-quarters of group annual profits are made.
Shares in Signet ended Friday's session at 86 pence.
bge/rn



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Signet Grp.(SIG) GB0000403740