Saga Share Discussion Threads

[koetser] 18/4/2024 11:41

I think the bond rate was 5.5% but the total payable is £250 in 2026 no interest payments as it is a bond

[hatfullofsky] 18/4/2024 11:39

Look it up

[cambridgedon] 18/4/2024 11:29

Thanks. What's the interest rate?

[koetser] 18/4/2024 11:10

£250 million

[seadog40] 18/4/2024 10:24

Does anyone know how big the 2026 bond is?

[gripfit] 18/4/2024 09:10

Come on private equity … get it bought .. lol

[koetser] 17/4/2024 16:25

Gripfit, absolutely and that would also show the real value of this company as it is currently hiding behind debt and bond payments

[gripfit] 17/4/2024 16:19

Think that’s more likely TBF,, and one they have hinted on .. hold and wait a short while.

[koetser] 17/4/2024 16:16

Roger would prevent any bid. Which is why he bought in the first place. Best thing in my opinion is a sale and leaseback on the cruise ships. Would take debt of the books and allow forward growth

[omron] 17/4/2024 16:08

Given Roger de Haan's buy in price I can't see that a bid below 300p would succeed. That represents c400m GBP market cap. On top of the debt it means an EV of c1100m gbp or 9.5x ebitda. Certainly possible but I am not holding my breath.

[gripfit] 17/4/2024 15:59

Best thing now is P/E bid..

[koetser] 17/4/2024 15:57

Kullvinder looks like a tree shake to me. Results were slightly better than expected.

[gripfit] 17/4/2024 13:54

Come on directors.. if u think it’s cheap

[se81] 17/4/2024 11:40

What I was wondering was if its a profit warning for 24/25? i.e flat year on year but I don't have any estimates

[gripfit] 17/4/2024 11:27

Bad reaction

[elsa7878] 17/4/2024 08:18

Carrying value of the ships £600 million v outstanding debt on them of £400m. Overall company debt down £70 million. Adjusted profits after tax of £30 million. Market cap £150 million. Insurance in turnaround after idiotic previous management and their 3 year fixed policy. Definitely see value here.

[ny boy] 17/4/2024 08:15

Yes, not sure in short term but could be an attractive long term investment. Let's see what all the useless brokers and analysts say over the coming days. Maybe the bottom of a cycle, time will tell, in 114p, will check back in the afternoon to review.GL

[koetser] 17/4/2024 07:57

Se81 yes I saw that. That is why I think this will be a good long term investment

[koetser] 17/4/2024 07:54

Might top up. I think longer term these are very good. Good cruise and travel. Would like to see more turnaround on the insurance side though

[se81] 17/4/2024 07:51

"The net result of these is that we expect the Group to generate an Underlying Profit Before Tax10 that is broadly consistent with that of 2023/24, reflecting growth across Cruise and Travel, offset by a transitional year in Insurance, before a planned return to growth thereafter."

Is that expected- a flat 24/25? Does anyone have access to estimates?

[ny boy] 17/4/2024 07:31

Interesting, I will buy some after the initial bounce this morning

[gripfit] 17/4/2024 07:09

Look very good… and positive going forward ,, thought this was a basket case a few years ago ..