Saga Share Discussion Threads

[seball] 06/10/2020 16:04

Bought back in here again. This is due a bounce along with travel sector. Strong Buy at this price. Especially when vaccine is ready.

[justiceforthemany] 06/10/2020 15:46

Conditions - SACKING of the board.
They wanted to hold on to their own jobs. Shareholders interests came a distant second.

[justiceforthemany] 06/10/2020 15:45

Travel sector soaring - IAG, Carnival - this is held down.

Very, very suspicious.

[discodave45] 06/10/2020 15:03

justiceNot too certain they have to inform the market until such time that the Board require shareholder approval.They may get numerous "offers" that never get anywhere and apparently there were a lot of conditions from the US bidders.

[outsizeclothes.com] 06/10/2020 12:34

If this was rolled out to passengers pre boarding ?

[diku] 06/10/2020 12:21

This is a classic example...the Company and the share price are 2 different entities...insiders control the company but have no control over the share price...the company and the share price only marry together during Placing, RI or a bid...the rest of the time they are divorced from each other...

[justiceforthemany] 06/10/2020 11:51

Sent this to Mark Watkins, Euan Sutherland and the FCA earlier: -

Share price 11p; offer rejected at 33p.
Offer, however conditional, NOT disclosed to the market.

Shares now trading at a THIRD of the offer price.

I suspect the conditions of the offer were that the board and CEO would all be sacked.
Hence why you rejected it.

Share price now BELOW the placing price even.

There needs to be a formal investigation into this scandal by the FCA.

[slicethepie] 06/10/2020 10:47

It's reassuring that it is standard life they are classic buy at the top sell at the bottom merchants....

[glavey] 06/10/2020 04:02

"long term you have nothing to worry about"

Well, that's one way of looking at it!!


But illiquid? Nah.

[koetser] 05/10/2020 22:47

talking about demand and supply. standard life dumped shares into an illiquid market

[koetser] 05/10/2020 21:34

at least as someone said 26% of share capital in sticky hands

[nav_mike] 05/10/2020 21:08

Cmon Sir Roger get that stake up to 29.9% and average down in the process! win win lol

Oh well worth a try :)

[koetser] 05/10/2020 21:02

long term you have nothing to worry about. At the moment in my opinion it is a demand supply thing with so many people having just got a load os shares at 12p

[scottish007] 05/10/2020 20:19

Bought 50,000 shares today.
Hope my nerve holds as this will be bumpy.

[allonblack] 05/10/2020 11:42

Bought some today. Near term debt repayments and too much debt tripped it up. Looks in better shape with better management plan and can survive any second wave. Could multi bag with little downside imo.

[discodave45] 04/10/2020 22:22

It did IPO 185Don't get your 180 comment.

[diku] 04/10/2020 11:52

Then the following Monday share consolidation...if it closes this coming Friday around 12p then that will be 180p the following Monday if understood correctly...which is close to original IPO price of 185p (I think)...what a coincidence or a magical trick...shorters galore mark2?...

[earwacks] 04/10/2020 11:21

Struth! The 'The founder is a cretin'.Ye sure he got 1.35 billion and a government backed guarantee of 10% interest on his money. He invested in failing schools he opened a university, bought and regenerated Folkestone harbour into a thriving community centre for businesses and entertainment.If DeHaan had not stepped in some American investment company would have taken it and sold of the parts making a considerable profit at the shareholders expense. So he has bought a share of the company back (now 26%) for about half what the rejected offer was which has cost less than 10% of his original sale. How exactly does that make him a cretin? Really some people shouldn't be allowed out

[discodave45] 04/10/2020 11:13

dealy'It is expected that Admission of the New Shares will become effective and dealings in the New Shares will commence at 8.00 a.m. on 5 October 2020.'

[dealy] 04/10/2020 10:28

I just stated what the current market cap is. Nothing else

[discodave45] 04/10/2020 09:56

dealy
Do you think zero dilution?.
How many shares at 27p, 12p and how much would the remainder be worth to maintain pre funding mk cap?.

[dealy] 04/10/2020 08:31

2.15 billion shares outstanding. 1.2 billion pre recent deal, 950 million issued through deal. market cap 220m

[the canadian mounted] 04/10/2020 00:44

WoW really mature,go you!