If they are signaling right, towards you, you obviously do not enter. But what do you do if there's no signal and they are riding the inner lane ? Do you plunge right in only to see they were after all about to exit, just forgot to signal ? Very risky.
I see the signal as a way to communicate inside the circular road, where normal lane rules apply: you keep your lane, and if the lane in right is free, you can switch to it after signaling. Repeat until exit.
Also, a left signal before entering is useful: it says you are taking the 3rd or more exit, and that you will make a tight turn around the center, with slow speed. This way, people entering after you can plan to pass you on your right and continue forward.