Saga Share Discussion Threads

[hairballradical] 28/6/2019 21:20

EJ,

that sounds like a well thought out strategy and I like the conditionality about it all. Do you do this for all of your shares? Some of mine are 'hit and hope' but none of them are as strict as you appear to be.

Anyway if you fancy loosening up and joining the hit and hopers, Bigdish (DISH) has a great idea with huge upside potential. One day I guarantee you'll use it or a variation of it.

HBR

[ignoble] 28/6/2019 17:35

Article on The Sun online picturing the new Saga ship entering port etc etc.

[koetser] 28/6/2019 15:20

No doubt lot of resistance at 40p ... but it’s like a tube of Pringles... once you pop you can’t stop!!!

[hairballradical] 28/6/2019 14:58

Come on Saga, you're heading towards 40p like a Saga tourist!

[rumobejo] 28/6/2019 14:08

unfortunately Standard Life still got 14% to offload, will take some time to shift to bottom feeders, 33p to 39p not bad for traders though...

[careful] 28/6/2019 13:53

Boss of Saga travel on Ian king live.
New ship in the background to be launched by Duchess of Cornwall today.

It all sounded very promising.
Feeling comfortable about this investment.

[american idiot] 28/6/2019 12:36

On the move again.

Heading ever closer to my 43p target.

Looking forward to the launch of the 'Spirit of Discovery' next week !

[hairballradical] 28/6/2019 10:27

Toonmag50 Filtered!

[dr biotech] 28/6/2019 09:29

FWIW and I realise it’s very little i’ve bought a few. Makes less than 1% of my total holdings - still about 6 weeks take home pay so not trivial.

[careful] 28/6/2019 09:10

impressed with the Erogenous long term share performance.
12% per annum for 42 years is impressive.

[imastu pidgitaswell] 28/6/2019 08:22

So despite extreme caution, risk aversion, my own view that this is financially on the edge, I am tempted. Price action supporting a toe-dip too.

And then they prang a brand new ship hours after taking ownership.

You really, really could not make this up.

Still avoiding. Someone is trying to tell us to do so.

[glavey] 28/6/2019 02:14

A lancing blow?

"Brand new cruise ship SPIRIT OF DISCOVERY, delivered to SAGA Cruises by builder, Meyer Werft, on Jun 24, yet to be officially christened, collided with bollards at Great Sea Lock while leaving Emden late at night Jun 24, hours after official delivery procedure. The ship sustained superficial damages, abrasions, scratches and a slight dent."

Ahh, here you go Mr. Batchelor: "Boat Insurance for the over 50s"



"The Spirit of Discovery will dock in the Port of Dover this Friday when 500 guests will join HRH the Duchess of Cornwall for a garden party."


Which, conveniently, is the day when the company will be able to count the cash benefit of shareholders much reduced and perhaps rather token dividend payment.

[henchard] 27/6/2019 23:39

EJ - stunning performance. I'm gobsmacked you've been able to beat the market over each of the last 42 years. Absolutely incredible. Well done indeed, sir.

[hairballradical] 27/6/2019 22:10

EJ,

do agree with most of what you said but sadly many of us will be looking to call on our investments in the next 5 years.

[husbod] 27/6/2019 21:42

Btw big article in the Telegraph business section today entitled Why investors are homing in on the £100bn (yes £100bn) grey market. All about retirement villagers so Saga should get its act together.

[husbod] 27/6/2019 21:37

Thanks Edmond - teach me to do more research rather than just work on gut instinct although having said that gut instinct hasn't let me down too many times.Lol poleaxe.

[edmondj] 27/6/2019 20:59

Broadly, fully priced in when he wrote it around 33p!

Unless Brexit proves an unmitigated disaster.

You may well be right on cruising. ;-)

[kenmitch] 27/6/2019 20:39

That Patrick Hosking article was a hatchet job. All true but again largely priced in.

Agree that retirement villages are not the way to go though.

Selling parts of their business makes sense as does a fund raising IF that is via a rights issue or open offer and not just an otherwise dilutive placing for Institutional investors.

I still think some continue to under estimate the potential from their 2 new cruise ships. They are going to appeal to the many cruisers who love balcony cabins but loathe the floating giants. And until Sagas new all balcony ships the only other ships with affordable balconies were the larger or very large ships. There are smaller ships with mostly balcony cabins but they are way more expensive than Saga. So imo Saga will be able to sell out many of their cruises,without recourse to non budgeted for discounts, especially as some include ports rarely used by the larger ships.

[edmondj] 27/6/2019 20:10

Try looking up the last accounts for Saga Retirement Villages:



There's a classic piece of Lance Batchelor:

"The company may be unable to meet its obligations as they fall due as a consequence of having a timing mismatch."

(Maybe Boris is saving that one for 31 October.)

Patrick Hosking t'other day:

"Domicillary care has been largely dropped. The care homes business was sold at a loss and later went bust. Wealth management never got off the ground. Retirement villages were quickly retired. All kinds of ideas, from car repair workshops to a Saga radio station, never got off the drawing board. Even the much heralded savings tie-up with Goldman Sachs, announced this month, turns out to be a retread of an existing venture with Birmingham Midshires."

[poleaxe] 27/6/2019 19:34

Not with your drink problem.

[husbod] 27/6/2019 17:52

How about this for synergy - sell the insurance business ( a highly competitive sector which is not really age specific ) buy a retirement home company and provide good-quality retirement villages rather than the little boxes that some companies, no names mentioned, currently provide. Live and relax with Saga. Sounds like a good motto.Perhaps I should apply for the CEO job.