Saga Share Discussion Threads

[discodave45] 02/10/2020 15:44

Diku - it was £10m costsSo come Monday nearly twice the number of shares in issue.

[antonagis] 02/10/2020 15:02

where's the promised 18 pence? Sinking ship, pardon the pun

[diku] 02/10/2020 14:36

Most insiders don't have ideas of their own...they seek advice/ideas from consultants, advisors, investment brokers etc etc...to which they get paid...insiders just endorse it...

[slicethepie] 02/10/2020 14:30

They have been totally legged over by the crooks who advise them, Euan too inexperienced to stand up to them.

[diku] 02/10/2020 14:29

I thought it was around £10mln...

[wskill] 02/10/2020 12:07

Fees were around £20 million from what I can recall and £100 million was guaranteed, bit strange I thought at the time £50 million cost a fee of £20 million main reason I did not take my entitlement from the rights issue didn't smell right .

[slicethepie] 02/10/2020 11:54

44% acceptances ....well done Euan your advisors have done you proud ! Ask them how they justify their ludicrous fees for this shambles and they will be spluttering on their Hermes ties!

[boraki] 02/10/2020 11:28

Hope so too

[thomstar] 01/10/2020 22:05

Hopefully this will av a go soon

[fjgooner] 01/10/2020 10:55

Actually, the third conditional perfect tense is required.

"They would have needed ... "

[glavey] 01/10/2020 03:01

"They only 'need' 80% load factors to make their £40m per ship EBITDA a year.

Needed... Past tense.

[koetser] 30/9/2020 22:16

Interesting! shorts closed yesterday
hxxps://shorttracker.co.uk/company/GB00BLT1Y088/

[los pollos hermanos] 30/9/2020 21:42

this coming Friday right?

so could be a buy now.

[koetser] 30/9/2020 21:19

it is voted on friday

[los pollos hermanos] 30/9/2020 21:10

thank you.

Did the placing happen at 27p already? I can't see rns.

when does the consolidation happen?

[koetser] 30/9/2020 21:03

yes £60M at 27p and upto £40M at 12p

[los pollos hermanos] 30/9/2020 19:52

Guys when the open offer closes? when the consolidation will happen?

is the guy still buying shares at 27p?

[check your facts] 30/9/2020 19:14

zccax77 - 05 Oct 2019 - 14:11:47 - 12918 of 62883 Metro Bank - MTRO
There will be other bidders for this if the offer is too low. The balance sheet is too good to pass up, only problem is poor governance which is a cheap fix.


zccax77 - 04 Oct 2019 - 21:31:21 - 12655 of 62883 Metro Bank - MTRO
Remember the people behind this already own 60%+ of it. all they need is the remainder and the ability to execute which they clearly have as we saw in May's equity issuance. Hopefully Cronin will be out of a job soon.

zccax77 - 04 Oct 2019 - 21:28:21 - 12648 of 62884 Metro Bank - MTRO
Agreed Cant. But some us were wondering how the shorters took this down to less than £275m mcap when the backers of this thing are worth more than $100bn.

[check your facts] 30/9/2020 19:08

zccax77

is there a wall of money US billionaire coming here? was 100bn piling behind metro at 400p?

now 60p.

what happened to that wall of 100bn backers?

[koetser] 29/9/2020 22:39

zccax77 is correct. However if their max is 80% then the load factor will probably be a bit lower.
Also wow inaugural cruise almost sold out already

[zccax77] 29/9/2020 21:54

They only need 80% load factors to make their £40m per ship EBITDA a year.

[glavey] 29/9/2020 20:54

"...ship capacity will be limited to 800..."

So 4/5ths of the revenue or a 25% price hike.

[jetstar23] 29/9/2020 20:34

Been doing a bit of research today on SAGA. Interesting to note that on the company's careers page there are a number of well paid vacancies within the company, many in pretty specific full time posts. Anyone involved in business knows that if a company is on the way down, recruitment is one of the first things to stop. The fact they're actively recruiting is a medium to long term positive for me.Lots of people keep posting "DYOR" without actually backing it up with evidence.

[koetser] 29/9/2020 20:05

From TTG:

Spirit of Adventure had been due to take its first passengers this summer, but the inaugural sailing was first shifted to November and will now be on 5 February next year.



Sister ship Spirit of Discovery will not sail until 7 March next year and tours are postponed until 31 January 2021.



A Saga spokesperson said: “Over the past few months, we have worked hard to put in place detailed plans to safely return to cruising and have made fantastic progress with all this work.



“Sadly, however, with Covid-19 again on the increase and most countries still not accepting cruise ships, we have taken the decision to extend the suspension of our cruise operations to next year. This includes the postponement of the inaugural cruise of the Spirit of Adventure.



“We are in the process of contacting all our guests to discuss their options, which include rolling over their booking or receiving a full refund. We look forward to welcoming our guests onboard our ships and on our tours as soon as we are practicably able to do so.”



Saga said 2022 cruise bookings were “extremely strong” and showed pent-up demand. Covid precautions mean ship capacity will be limited to 800, with enhanced cleaning and upgraded air conditioning.