Saga Share Discussion Threads

[antonagis] 23/10/2020 16:27

Quite unbelievable just how many idiots this forum attracts. People ramping the price up with idle chatter isn't going to magic the price up. I myself am optimistic but pointless spouting percentages and ridiculous short term miracles in the current climate

[tell sid] 23/10/2020 16:20

To be fair SAGA is a well known and valuable brand name, and serves the wealthiest and fastest growing demographic portion of the population, so growth should be easy especially with RdH back in charge and investing £100m of his own money, which is the biggest vote of confidence I've ever seen for any company.

SAGA recently turned down a takeover offer at 33p, which is now equivalent to 495p post 15:1 consolidation. That implies management think it's value is much higher. Only last year they were £20 and the year before £34. So £15 to £20 looks possible again, especially with RdH running things and putting so much of his own cash in.

[discodave45] 23/10/2020 16:03

Glavey,That's putting it mildly lol :)

[glavey] 23/10/2020 15:56

A lot has happened in the year inc. two rather large liabilities.

[discodave45] 23/10/2020 15:54

CityYou've posted 6 times in the last 2 days that this will be £15 to £20 in the next few months, with zero justification.........what it has been has sweet fa relevance to what it will be,Will wish you well but bored of blatant ramping.Filtered

[discodave45] 23/10/2020 15:43

jacksonHis average was 18p, the equivalent to 270p post consolidation.

[glavey] 23/10/2020 15:40

"...still a long way from the £100m put in by Mr De Haan at £4, just unbelievable"

Yes, unbelievable. Because he didn't!

[city chappy] 23/10/2020 15:38

Roger de Haan bought 224.4m shares at 27p (£60.6m), equating to 405p after the subsequent 15:1 share consolidation, and a 98% premium to the then market price. All in he invested £100m. That is a big vote of confidence. It's an obvious strong recovery opportunity. £15 to £20 is just where it was early last year.

[glavey] 23/10/2020 15:37

K, well I can see you might interpret the statement in the interims in that way although they didn't put it in quite those words. Anyway, the point being it's shown as having a negative value of -£1.5m there after the £13m of goodwill write-off.

[jacksonyoung] 23/10/2020 15:27

the placing at 180p is first target here, which still a long way from the £100m put in by Mr De Haan at £4, just unbelievable

[city chappy] 23/10/2020 15:20

Don't miss out. Roger de Haan is so confident he just invested £100m of his own cash. Like the company said, on course for sustainable profits. SAGA near-term recovery to £15 to £20.

[glavey] 23/10/2020 14:58

OK Chitty Chappy, you ignore the request, now I'll 'ignore' you. Bye.

(You are only here ramping this to try to make a quick turn just like the last time you popped in a few months back. You and your 'thumbs up' alter egos!)

[fjgooner] 23/10/2020 13:12

True, but the dilution needs to be put in the context of a net £140 Million cash injection into the business - and whatever that money is used for, that £140 Million would not otherwise be available. Plus the positive effect on other financing arrangements and facilities.

Then there is the obvious truism that every month that passes brings the business a month closer to normality ... whenever that may be of course.

[scepticalinvestor] 23/10/2020 13:03

for once my buy (@ 127p) was well timed

[koetser] 23/10/2020 13:02

absolutely but also need to factor in dilution at 12p which caps rise

[fjgooner] 23/10/2020 12:58

A 100% rise still leaves the share price under 20p in old money.

That is way undervalued at that price imho - it was 25% higher than that in the depths of the crisis in June when the company had far less visibility on a route back to strong group profit - which has now been largely secured with the monies raised by the rights issue.

When we see the cruise ships sailing to the Canary Islands in 15 weeks time, these fire-sale share prices will be a distant memory.

[koetser] 23/10/2020 12:47

disco,

all I say is that 100% to 200% is within reasonable possibility in the short term. I think there is huge potential here.

[city chappy] 23/10/2020 11:50

Added some more. Roger de Haan back at the helm and invested £100m if his own money. Debt reduced, insurance side doing well, cruises resuming and the Oxford vacccine works 'perfectly' and 'builds strong immunity'. SAGA return to £15 to £20 near term. Get as many as you can.

[discodave45] 23/10/2020 11:25

koetser
We are saying the same thing with respect to expectations of the cruise liners and Covid, just don’t see how anybody can be throwing up this will go up 100%, 200%, 300% this early in the game and in City Chappy’s case 1,100%+.........it could also sink, literally, but that’s not what folks want to hear.
As posted, for me I’m not throwing everything at this because it’s very speculative/high risk.

[koetser] 23/10/2020 11:06

disco,

a month ago they announced they were sailing in November. 4 moths ago August ....

a week ago with pandemic looking very bad people were worried that cruises could be put back further and they still could

[discodave45] 23/10/2020 10:46

kenmitchCompletely agree, it's not just about the two liners, but at £40m EBITDA each pa it goes without saying that a lot rests on them being able to fulfill their 2021 agenda.This is under valued but highly speculative IMO.

[discodave45] 23/10/2020 10:41

KoetserThey have already announced they are planning to sail Feb/March.200% = ???