Saga Share Discussion Threads

[koetser] 14/5/2024 14:55

Yep I have added again today. Believe the cruise ships are actually worth between 600 and 700 million now due to large increases in building new ships. There maybe a deal to be announced soon from share price movement

[jetstar23] 14/5/2024 09:29

Up again so far today on above average volume. Always a good sign.

[aishah] 14/5/2024 08:38

Price above 50d SMA and not far off 200d SMA. Mkt cap £168m. Solid backing from Roger so equity should be pretty safe, cruise ships assets around £500m. 2026 bond price is holding up ok. Taken a few here.

[koetser] 13/5/2024 23:19

No Roger has loaned money to saga to pay for the bonds. Roger owns almost 30% of the shares of saga.

[diku] 13/5/2024 18:50

Does that mean Sir Roger is out of Saga?...or part out...

[koetser] 08/5/2024 10:38

Deutsche bank has rated saga as a buy with a target price of 154p
This should steadily go up

[koetser] 06/5/2024 15:24

I agree with gripfit. Deadline for bids for sale and leaseback on cruise business was end of April. So expect some info on this soon

[gripfit] 05/5/2024 09:26

Not necessarily … the shareholders want value .. the board need to get on with it

[elsa7878] 04/5/2024 19:02

Fear you might be waiting a while.

[gripfit] 04/5/2024 08:53

Think it’s on its way…

[koetser] 03/5/2024 18:04

Waiting for sale and leaseback

[gripfit] 03/5/2024 10:39

Creeping up slowly…

[lawson27] 30/4/2024 11:00

Taken a few @107 for the recovery here, hopefully regain some of the losses i made from 2020, GLA

[koetser] 22/4/2024 11:07

This is why they need to make a deal. Note that travel and cruises both have a goodwill of 0 on the books. So a deal on cruise would be both cash generative and provide an exceptional profit.

[skinny] 18/4/2024 14:05

"Rising interest rates have now intensified the struggle. Saga will have the firepower to repay a maturing £150 million bond with a coupon of 3.375 per cent next month, but only by partly replacing it with an £85 million personal loan from chairman Sir Roger de Haan, who is charging interest of 10 per cent, almost three times as much, and yesterday agreed to extend the facility by another four months.

The crunch year now will be 2026, when Saga is required to pay back Sir Roger and find another £250 million to repay an unsecured bond."

[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.