Saga Share Discussion Threads

[cleverinvester] 14/1/2021 13:55

Aspers : Again your busy spreading COVID around the country going against the advise.I made a healthy profit in CNA , I sold up at the start of the week.You announced you lost £180k in CNA .What a looser.

[cleverinvester] 14/1/2021 13:46

I'm not so sure about today's bounce. It seems a bit far fetched. It certainly won't be safe for elderly to board a ship in May.Government will pull the plug on this one. The share price will fall again tomorrow.

[careful] 14/1/2021 13:37

High frequency algo trades do not care about fundaments anymore.
up to 10 million trades in a day in a single share seems crazy.
Holding a share for 10 seconds would be considered long term and risky.

We all remember the "Hounslow hound" who crashed Wall Street in a few minutes, the so called flash crash of a few years ago.

He wrote his own trading programmes. On that fateful day he shorted the Dow 7 million times, but then just a nano second later he cancelled the trade before he bought back.
The computers did not have the speed to correct and so a single trader operating from his bedroom crashed the Dow.

Lets us know what we are up against.

Many have been burned shorting Tesla, but over the next 5-10 years its lack of profitability and the strength of the competition will bring it down to earth.

[fjgooner] 14/1/2021 13:34

That whole BBC report about travel agents reporting a surge in bookings of the over 55s has also just been broadcast in full on the main BBC1 lunchtime news program.

This can only be good ... :)

[arai] 14/1/2021 13:21

Tesla = Tulips

[fjgooner] 14/1/2021 13:19

Spot on, on both counts - Tesla has got to be the most over-priced stock in history - including during the tech bubble of 1999/2000. Saga still at a fire sale price. Both will massively correct at some point this year.

[koetser] 14/1/2021 13:09

yep I think i will be shorting tesla soon. Saga at least 350 soon IMHO

[fjgooner] 14/1/2021 12:39

Fully agreed.

There is nothing at all wrong with shorting per se. What is objectionable is shorting followed by the utter trashing the related BBs in a futile attempt (except on low volume and penny shares) to influence the share price. Of course it does no such thing, but it may upset and distress some newer marker participants, possibly even into making expensive mistakes.

Many BBs have also become utterly unusable for periods of time purely because of a few shorters' belief that such foul behaviour enhances their position.

Simply stating an alternative view is fine. The trademarked "mushrooms and lemmings only", "10p by next month", "dead cat bounce" and other such unsubstantiated snide drivel is not.

[professor_glennglad] 14/1/2021 12:38

I’m referring to ones that spend all day spouting unsubstantiated drivel such as this will be a £1 and this will be subject to 15/1 split and the like several times a day. Pointless effort

[ilkleyneil] 14/1/2021 12:19

What's wrong with shorting? Surely, most active invetors are long and short of various instruments in an attempt to hedge their risks. Shorting helps to bring liquidity to the market and I've never of a good share that's tanked becuase of shoter activity. Bad shares tank because they're bad. Everyone is entitled to their own opinion.

Personally SAGA is my biggest holdng having bought just prior to the recent big hike up. Therefore, I am still in the blue and I hold for now. My target price is actually around £10 after the two cruise ships start operating again. Debt is not an issue after the re-financing and the waiving of covenants on the ship loans until June.

[professor_glennglad] 14/1/2021 11:26

Great info from most apart from SHORTER CLEVERINVESTER.

[aspers] 14/1/2021 11:22

Cleverinvestor.......should you not be over on the CNA forum gloating hiw your CNA shares are flying today? FUD

[riverdiver] 14/1/2021 10:46

"People are booking longer holidays, we're seeing more people booking ten or eleven or 14 nights rather than seven. People are maybe catching up on what they've missed."

Another point to consider, the amount of money that older people have accrued since covid began. As a pensioner that normally takes three long haul holidays per year, I've had nothing to spend my money on for the last twelve months.

[fjgooner] 14/1/2021 10:33

More great news.



Over-50s rush to book holidays as vaccine boosts confidence

By Simon Browning
Business reporter

Published 9 hours ago

Extract

Coach and tour operators have seen an unexpected growth in bookings in the last fortnight.

Industry figures call it growing "vaccine confidence" about 2021.

Whilst there is no doubt that the pandemic continues to put huge pressure on lives and the NHS, this is a small amount of sunshine for the travel industry, which has had a tough year.

TUI, the UK's largest tour operator, says 50% of bookings on their website are currently by over-50s.

This was previously a smaller market for them. ...

Travel to Europe

It's not just UK breaks that are selling. The UK's largest tour operator TUI, famous for its sun-drenched European beach holidays, says there has also been a change in the last fortnight.

"We're seeing a customer base or age group that wasn't booking before, that is starting to book," says Andrew Flintham the MD of TUI UK. "The over 50s, we assume, is on the back to the vaccine news."

Whilst TUI UK boss acknowledges that "the market is still depressed and it's not where we want it - we are seeing glimmers of hope."

There are also interesting changes emerging in the types of breaks holidaymakers planning to take and the months they're planning to travel.

"People are booking later into the summer, hedging their bets" said Mr Flintham. "More July and August and a lot of demand for September and October.

"People are booking longer holidays, we're seeing more people booking ten or eleven or 14 nights rather than seven. People are maybe catching up on what they've missed."

Holidays with grandma and grandpa?
As TUI analysed its recent booking data, one trend they spotted is the emergence of large, multigenerational group bookings.

"It is family time we've all missed. We can't get away from our own families, but our broader families we can't see, and that's feeding into our choices" Mr Flintham explains.

After such a bad ten months, and TUI cancelling all holidays until the middle of February at the earliest because of the new lockdown, how does the rest of the summer look?

"I think the summer holiday is on" says Mr Flintham, "I think we just need time for people to get that confidence, but yes, we think there will be a good summer this summer".

For those who've watched the paralysis brought upon the travel industry since last winter, a morsel of good news about customers booking again is being celebrated.

"This is fantastic news and to be hugely welcomed by an industry that has been utterly devastated by the pandemic", says Sophie Griffiths, editor of Travel Trade Gazette.

"Ten months into this crisis and the industry has still received zero dedicated support from the government despite being unique as a sector in terms of giving out thousands in refunds while getting next to nothing back in for 2020."

[fjgooner] 14/1/2021 10:33

Scottish007,

I'm quite sure that a return to full capacity will be implemented as soon as it is considered completely safe - hopefully later this year.

[city chappy] 14/1/2021 10:08

Looks like things are going well in the UK with the vaccines.

[fjgooner] 14/1/2021 10:00

Yes, 350p very soon - on the way to fair value later in the year at more than double that fire sale valuation. Let the serial detractors continue their pointless drivel.



Over-50s rush to book holidays as vaccine boosts confidence

By Simon Browning
Business reporter

Published 9 hours ago

Extract

Coach and tour operators have seen an unexpected growth in bookings in the last fortnight.

Industry figures call it growing "vaccine confidence" about 2021.

Whilst there is no doubt that the pandemic continues to put huge pressure on lives and the NHS, this is a small amount of sunshine for the travel industry, which has had a tough year.

TUI, the UK's largest tour operator, says 50% of bookings on their website are currently by over-50s.

This was previously a smaller market for them. ...

Travel to Europe

It's not just UK breaks that are selling. The UK's largest tour operator TUI, famous for its sun-drenched European beach holidays, says there has also been a change in the last fortnight.

"We're seeing a customer base or age group that wasn't booking before, that is starting to book," says Andrew Flintham the MD of TUI UK. "The over 50s, we assume, is on the back to the vaccine news."

Whilst TUI UK boss acknowledges that "the market is still depressed and it's not where we want it - we are seeing glimmers of hope."

There are also interesting changes emerging in the types of breaks holidaymakers planning to take and the months they're planning to travel.

"People are booking later into the summer, hedging their bets" said Mr Flintham. "More July and August and a lot of demand for September and October.

"People are booking longer holidays, we're seeing more people booking ten or eleven or 14 nights rather than seven. People are maybe catching up on what they've missed."

Holidays with grandma and grandpa?
As TUI analysed its recent booking data, one trend they spotted is the emergence of large, multigenerational group bookings.

"It is family time we've all missed. We can't get away from our own families, but our broader families we can't see, and that's feeding into our choices" Mr Flintham explains.

After such a bad ten months, and TUI cancelling all holidays until the middle of February at the earliest because of the new lockdown, how does the rest of the summer look?

"I think the summer holiday is on" says Mr Flintham, "I think we just need time for people to get that confidence, but yes, we think there will be a good summer this summer".

For those who've watched the paralysis brought upon the travel industry since last winter, a morsel of good news about customers booking again is being celebrated.

"This is fantastic news and to be hugely welcomed by an industry that has been utterly devastated by the pandemic", says Sophie Griffiths, editor of Travel Trade Gazette.

"Ten months into this crisis and the industry has still received zero dedicated support from the government despite being unique as a sector in terms of giving out thousands in refunds while getting next to nothing back in for 2020."

[maxplus2] 14/1/2021 09:19

To 350p as before

[cleverinvester] 14/1/2021 09:17

Dead cat bounce.

[32campomar] 14/1/2021 08:33

Yes saw that, national express reporting bookings for over 65's rocketing 165% in the last week year on year. TUI reporting a similar pattern. Bodes well for saga

[groogis] 14/1/2021 08:30

Interesting reporting this morning about the jump in bookings for TUI and National Express this week in the over 50 and over 65 age groups. Saga must be seeing similar you would have thought.

[glavey] 14/1/2021 02:02

Whatever you say Dave, you always know best.