Saga Share Discussion Threads

[diku] 22/8/2019 21:54

He probably won't be involved in other major decisions either...Better for the bidder to make a move before new CEO is appointed...

[boraki] 22/8/2019 15:52

Holding up well

[boraki] 22/8/2019 10:32

I suspect this will sell off this next 36 hours, for the long weekend.

Time will tell.

good luck all holders

[yump] 22/8/2019 09:38

I would place a bet on it being a much smaller company that serves its customers and shareholders well. Whose interest that is in is debateable versus a gradual recovery with perhaps changed management.

If you consider Eliott's objectives and those of management at Saga, I think the latter would be more interested in the consumer and the longer term future of Saga and its employees. The former will just be interested in a profit at any time, by any means and that is purely in relation to the share price.

I think like should be compared with like.

[diku] 21/8/2019 23:20

Heard the advert say every cabin has its own balcony (new ship)...stand to be corrected...trading update better be good or else it goes below 33p...

[justiceforthemany] 21/8/2019 18:30

Elliott $35Bn assets under its management
Arranged sale of Costa to Coca-Cola just a few months back.

[cautious7] 20/8/2019 14:20

Hi

Re Nov 5th and getting cheaper. In my judgement people/co's like Elliott are no fools unlike to BoD at Saga. They would have done their homework, probed the BoD's to test their incompetence, looked at brokers views and dimissed most of what was predicted by them. Then their valuation of Saga if sold as a whole or separated, take risk into account and they decided to move in at 35/36p.

Eliott must have already tested the water with major stakeholders and pretty confident of making a profit at least. The worrying thing is is the BoD's stick their heels in, E may sell out and watch the share price touch 30p imo.


There is only so much E can do when you have people ;living the good life wont want to give it up without a fight, pitty that fight is not to make Saga into what it should be, a profit-making co that serves her customers and shareholders well.

The only thing atm that Saga appears to be doing right is having sold the old ship at market value, nice new ship and advertsing on media that is used by the 50+ brigade.

DYOR

Regards

C7 - FYI, I'm only in for a pure gambleand will top up if share price heads towards 35/36p which I doubt unless E gets a beating from sagas bods which i doubt

[boraki] 20/8/2019 11:27

Will we hold 43p today.

Only time will tell

:-)

[buywell3] 19/8/2019 17:44

Eliott probably buying more as it drifts back towards 40p

But IMO they could have bought a shedload cheaper still if they had waited till November 5th

No mugs Eliott

SAGA BOD are going to have their work cut out

[yump] 19/8/2019 15:40

Top people accidentally following a good investment strategy then, by not having job, pension and shares all in the same business !

I don’t think I’d recommend them doing what most serious investors wouldn’t do. In fact I’d go so far as to say that large share purchases by bods in large plcs shows poor financial planning and therefore not a vote of confidence in their general strategic ability - catch 22?

[cautious7] 19/8/2019 14:58

Yump, I can't disagree with you.
However, Eliott's plans are to return some money
via share value, split, takeover in the near future.
Saga's hot shots don't seem to care too much imo. If this bunch
had faith in the stock, they would have been topping up at the lows,
big style.

DYOR

C&

[richesm] 18/8/2019 16:11

Hi,

Just to mirror what morrisseysteve said, I still don’t understand how Elliott’s 5% share can give them that much leverage...

I understand Elliott met with Saga to discuss the future of the business however, why would Saga be pushed to do something by someone who is not a majority shareholder? And how can Elliott simply buy more shares to gain a more controlling stake? Is it that easy for them....

[cautious7] 18/8/2019 12:11

Yes, it is brinkmanship. They would have done their homework. Sadly, not just Saga but other co's too have too many people at the top and it's a lifestyle for them with good pay and rewards packages and the rewards keep coming even if the loyal customers are being shafted.
I only bought recently a pure gamble on the back of the Eliiot buy, bought at farction over 42p and may top up if it goes to close to 36p again but I doubt that but if it does, will top up subject to fundamentals at the time.

I do feel sorry for the people that have been loyal to them from the point the shares came into the market.

As we all know, insurance section is very competitive as is the travel sector. Saga is a brand trusted by many and imo, sold as unit to someone who knows what they are doing will be the best outcome. The ceo going in Jan next year, if it was up to me, I'd kick it out now.

DYOR

Regards

C7

[morrisseysteve] 18/8/2019 11:55

Hi Cautious7
Thanks for the answer. So they get to have a meeting by threatening to buy a controlling stake, or something approaching it? And since they have made good on this threat before with other companies (I'm guessing), they are listend to. Makes sense if so. Old fashioned brinkmanship.

[cautious7] 18/8/2019 10:47

Hi Morris

Valid question that many wonder but too fearful to ask as they may be mocked, etc.

As the share price has crashed and Elliot or some other company buys 5%, or a bit more than that, they see up to 200% value above what they paid for the shares if the company is broken up, sold etc. Therefore, if those with their feet under the table and big pay awards etc do not want to give up their lifestyles, the company with 5% will buy more and force the company into a split or sell.


I hope I'm clear in what I said as I have posted this in plain English and not used complexed words and/or senences

DYOR

Regards

C7

[morrisseysteve] 18/8/2019 10:37

I clearly know nothing, but how does a 5% stake get you that much leverage?

[cautious7] 18/8/2019 10:17

Hi



Wait and see.

DYOR

Regards
C7

[justiceforthemany] 18/8/2019 10:06

Elliott have been meeting Saga Chairman to discuss break up - Midas

No doubt driving a takeover also.

[cautious7] 15/8/2019 12:20

Hi

I will sit on my hands for the time being, fact

dYOR

regard

C& - off for a shower then out to spend more money nd bite to eat, fact

[boraki] 15/8/2019 12:13

Usual nightmare of the markets

[koetser] 15/8/2019 12:11

Very bloody today

[buywell3] 14/8/2019 12:49

IMO Elliot have jumped the gun

USA Markets are now in a state

EU markets even worse

Global Markets to follow their leads