Saga Share Discussion Threads

[sharebuddy1] 12/12/2019 10:45

Fully agree DavR0s

[davr0s] 12/12/2019 10:38

Locked into what? - you are talking nonsense

[diku] 12/12/2019 08:49

Unfortunately the price trend has changed...those bought in 45p and above are locked in...

[diku] 12/12/2019 08:47

I say a lot of gobble-dy-ghook in this paragraph then in the last sentence they put a spanner in the works just to cover themselves up...net effect is zero...gaffe to write is a must...




At this halfway point in our financial year, I am pleased with the progress we have made to comprehensively reset Superdry. We're doing this through our product and brand, our physical and digital retail operations and a renewed focus on the retailing basics. We are only eight months into a process that will take two to three years, but I have great confidence in the strength of our new executive leadership team. I am also pleased with the trajectory of performance we have seen from Q1 to Q2 and subsequently into our peak trading period, which gave us our biggest online trading day ever. However, we remain cautious about the challenging market conditions over the peak trading period".

[edmondj] 12/12/2019 08:13

A reset will take time to show through, and the high street is in turmoil. The relevant question is whether those words reflect to any extent Sutherland's ability to read a business situation and set/implement strategy as CEO.

[dr biotech] 12/12/2019 08:10

Revenue down 11%, swung from profit to a loss. Figures don’t really match his words. I wouldn’t touch high street retail with the exception of supermarkets (don’t hold any).

[edmondj] 12/12/2019 07:53

Most recently he was the CEO of Superdry plc, the global digital brand, for five years. In that time Euan led a strategy focused on customer insight, innovation and digital, international and wholesale expansion.

Here's latest from the interim results, FWIW, with founder back in control:

"At this halfway point in our financial year, I am pleased with the progress we have made to comprehensively reset Superdry. We're doing this through our product and brand, our physical and digital retail operations and a renewed focus on the retailing basics. We are only eight months into a process that will take two to three years, but I have great confidence in the strength of our new executive leadership team. I am also pleased with the trajectory of performance we have seen from Q1 to Q2 and subsequently into our peak trading period, which gave us our biggest online trading day ever. However, we remain cautious about the challenging market conditions over the peak trading period".

[diku] 11/12/2019 22:56

It is one exclusive merry go round club...

[rsivapalan] 11/12/2019 18:39

If the trading update demonstrates the turnaround is working and sales are stabilising/increasing this should also give the share price a significant boost imo. The recent share price fall is down to a few bears in my view as it’s all volatile low volume trading over past few weeks. Just needs a little positivity to get momentum going on an upward trajectory in my opinion.

[rsivapalan] 11/12/2019 18:35

Interesting views EJ. I have contacted SAGA and they have confirmed a trading update will be released in January 2020 ahead of the full year pre-lim in April 2020 with regards to Q3 although the exact date is yet to be finalised. It will be published on their website once confirmed.

Hoping for a majority government and easing China-US relations will refocus investors back to UK equities and the value they currently offer by comparison to other markets.

[husbod] 11/12/2019 12:52

Not sure but having read the earlier posts I would have liked a more inspirational ceo. As someone else has said business leaders are like football managers - however much they fail in one post they always seem to pop up in another one. Maybe this guy is like Mourinho- so long as he only stays for three years we'll do ok.

[optomistic] 11/12/2019 11:48

Husbod...Has he done anything in his career to impress anyone?

[husbod] 11/12/2019 11:42

The market is certainly not impressed

[cautious7] 11/12/2019 11:38

I urge Eliott to make a move as this will now turn into a proper circus imo

DYOR

C7

[rsivapalan] 11/12/2019 11:25

true - same sort of scenario at metro bank - look at what happened there!

[sharebuddy1] 11/12/2019 11:09

Note the criticisms of his tenure at Superdry but think it must have been difficult doing anything with the founder and major shareholder lurking in the background. Personally think this may be an inspired appointment and we will see the results in the medium term.

[rsivapalan] 11/12/2019 10:39

Seems to be vastly experienced in various high profile and larger companies presumably with a wealth of contacts. I get the impression he has been brought in for this reason rather than any specific technical ability given the insurance and cruise sides of the business have their own senior management teams etc. Departure from
Super dry a bit controversial but seems the entire board left the company when the founder of that company came back into the business so difficult to isolate the blame. Also appears super dry had a good run during his tenure and started to fade more recently as nearly all retailers have come under severe pressure in recent years demonstrated by the string of recent failures.

[kenmitch] 11/12/2019 10:35

What a disappointing appointment. See EdmondJ post and links for reasons why if you didn’t already know. I would rather have had Batchelor than him.

Superdry due to update very soon. It will be interesting to see if Dunkerton is turning it round at Superdry after Sutherland’s very unsuccessful time there. If he is that makes choice of Sutherland even more disappointing.

I was really optimistic about Saga recovery but this puts a dent in that confidence.

[justiceforthemany] 11/12/2019 09:53

Good appointment IMO and can not be any worse than Batchelor.

Elliott obviously involved and approve.

[lovewinshatelosses] 11/12/2019 08:04

I agree - I had toyed with taking a small position here - but based on that appointment, it is barge-pole territory for me now. It staggers me how someone with a track record like that can continue to get (presumably) well remunerated senior appointments time and time again.
Oh well, maybe this time will be different. Will also be interesting to see the market reaction to this news. Anyway, good luck to all holders.

[tongostl] 11/12/2019 07:46

Sutherland is the worst appointment ever, go look at what he did at Superdry, the guys an ignoramus.