Saga Share Discussion Threads

[koetser] 24/10/2023 07:47

Hope1815,

Thank you. You have made some very good points. Will try to digest what you have said

[hope1815] 23/10/2023 21:58

EY-Parthenon with its PE arm and how to work Bonds. Presently Saga Plc has 2 Bonds outstanding.

1 Saga PLC 3,375% 17/24 which Matures 12 May 2024

Current price 95.77

2 Saga PLC 5,5% 21/26 which matures on 15 July 2026

Current price 79.475

Understanding private equity funds may acquire private companies or public ones in their entirety, or invest in such buyouts as part of a consortium. Private equity firms and funds invest in mature companies. They manage their portfolio companies to increase their worth or to extract value before exiting the investment years later.

So the question is why would EY-Parthenon be interested in Saga PLC?

With Private Companies where they are based is important for reasons of debt, Leverage, etc. It depends on the strategy PE wants to pursue. The understanding PE if they want a return on Capital over a period of time Saga Plc fits their outlook.

Saga Plc itself is presently in the Market which caters to 50 plus and increasing market size. It has a moat from a business sense. It is expanding its brand across the world with various Travel opportunities.

They have probably done a strategic review of the company from public records, and trading updates and watched various presentations from the Company. They can see potential in the company if run properly. It is cash-generative which is a plus, the Company in the past has tried and failed to offload different Assets.

The company is worth more in Assets presently than its Market Cap by a big margin and sees it has the opportunity to increase its market brand while offloading Asset sales.

In the meantime will the chairman be persuaded to sell or a joint venture to take private?

[koetser] 23/10/2023 11:20

Have no idea why companies with bond maturities are on a PE hit list unless they think they can get it cheap???

[koetser] 23/10/2023 11:20

From Lse regarding Sunday times:


Advisers are licking their lips. EY-Parthenon, a division of accountancy firm EY, put Royal Mail, Saga, Iceland, John Lewis and Zoopla on a list of “targets”; with major debt maturities in 2024 and 2025. The names are in a tightly controlled document seen by The Sunday Times: Turnaround and Restructuring Strategy Watch List

[diku] 23/10/2023 08:51

The plan would be for Sir Roger roger to do a joint deal with the new investor...

[hope1815] 22/10/2023 18:25

May be but the Chairman will not sell, he owns 25% plus of the company so can block any bid. Before people get excited Saga Plc may be on the radar.

[tom218] 22/10/2023 12:19

Haven't got the paper yet, can't find the article on the app online. I presume you mean to buy IE not to short?

[boozey] 22/10/2023 11:48

Sunday Times today states Saga is on PE hit list

[diku] 22/10/2023 07:54

Middle East investor taking stake here suggests he is interested in the leisure side of business...particularly the new ships...

[tomtum1] 21/10/2023 21:02

Dio he's over at cakebox ramping!

[tomtum1] 21/10/2023 20:52

Really Diggers hangs out there now.

[diohohku] 21/10/2023 14:01

Discodave.......his username is now disc0dave46. You can find him posting on BAT.

[tomtum1] 21/10/2023 13:26

Has anyone seen Discodave? Didn't he have a top up at 3.98.

[diohohku] 21/10/2023 11:54

I must agree with diku, his post's do seem to warrant certain merits.

[koetser] 17/10/2023 13:35

Probably bought over long period of time. Only need to announce once over 3%

[aishah] 17/10/2023 13:30

Where did the 4.57m shares come from?

[koetser] 16/10/2023 16:05

Yes totally agree cash flow is strong and debt reduction is pretty fast. Also if they sell AICL for more than £90m which I think should be easily achievable then the debt reduction should be significant

[sidam] 15/10/2023 14:17

It is interesting how people think. The shares are almost certainly not worth £1. That is the last closing price. The shares could be “worth” a lot less or a lot more. For example Numis value the shares at over £2. In my view as the debt gets paid down from cash flow, the shares could be “valued” much higher. That does not mean they will be priced at that level.

[tomtum1] 15/10/2023 12:00

That's right we had many here providing daily vaccine updates and saying Saga was going to be 6 pounds.Turns out it's worth a pound!

[koetser] 13/10/2023 22:44

Yes yes of course di oh I mean oh ku

[diku] 13/10/2023 09:05

Post 21706...2 different posters...

[diohohku] 13/10/2023 01:35

Is that cheddar jimmy?

[scottish007] 12/10/2023 23:59

Two complete melts that become one.
Filtered for long and weary :-)