Saga Share Discussion Threads

[justiceforthemany] 10/2/2018 18:14

# of Owners Buying Premium 52 13.04 Premium 126 0.80
# of Owners Selling Premium 26 -3.70 Premium 74 -3.90
Total Shares Owned (Mil) Premium 561 -1.43 Premium 572 -1.57
Total Shares Bought (Mil) Premium 40 62.39 Premium 42 55.50
Total Shares Sold (Mil) Premium 34 59.23 Premium 36 40.74
Net Share Change (Mil) Premium 6 82.12 Premium 6 383.78

[f1araway] 09/2/2018 12:27

Penny share!

[holts] 06/2/2018 11:43

a haven of stability today ...

[diku] 03/2/2018 08:25

Too often re arrange deck/musical chairs...so what happens to the old management team?...they walk with golden goodbyes is a normal practise with Plc casino markets...if a shop floor employee doesn't perform he/she should also get a golden goodbyes...make that normal practise...

[inv] 01/2/2018 19:58

New management team to come in. Quick bounce up to 150p

[ignoble] 01/2/2018 08:12

Being Cynical. ..I suppose intangible assets are the amount of air a company owns
:-)

[spob] 01/2/2018 00:02

Nice to see people taking notice of tangible asset values

I always ignore intangibles

Because I am a deep value investor and that’s the only way for me

[diku] 31/1/2018 23:21

I bet Capita's board are on a super duper salary packages...

[justiceforthemany] 31/1/2018 22:51

Looked at Capita today but did not buy in as balance sheet shows a whopping £2.8Bn in intangibles/goodwill. Take them out and net assets are -£2.3Bn with short term debt of £2.4Bn. Last year Capita's profit was just £40M.

[justiceforthemany] 31/1/2018 22:47

Point is eastbourne you were comparing AA to Saga. Yes intangibles/goodwill for both are on the higher side but AA has equity of -£2Bn and taking out all intangibles/goodwill leaves net assets of -$3.2Bn.

Saga +£1.2Bn and even taking out all intangibles/goodwill (give them a value of zero if you like) leaves -£300M as of Jan 2017 which should be further improved come results in March by £100M-£150M. Cash at hand £110M, Gross annual profit £449M.

[stewart64] 31/1/2018 19:44

justiceforthemany....Most likely an institutional shareholder happy to supply the demand. Certainly the stockbrokers have to have a counterparty.

Capita crash wont have helped today. Parallels with a balance sheet in credit via intangibles.

[eastbourne1982] 31/1/2018 19:14

justiceforthemany,

Regarding Saga's balance sheet, 1.5 billion of the supposed assets are intangible assets.

Who knows what those are worth if push came to shove.

Don't believe everything you see on a balance sheet.

[eastbourne1982] 31/1/2018 12:04

Clearly it is but so what.

[justiceforthemany] 31/1/2018 12:02

eastbourne I don't like repeating myself. Do you think £3.2 BILLION pounds is a large sum? That is the difference between the two balance sheets. Do not compare the two.

[justiceforthemany] 31/1/2018 11:35

No shorts showing on the FCA tracker
<0.5%
[AA has >8% shorts and has -£2Bn in negative equity; Saga +£1.2Bn; big difference]

[gutterhead] 31/1/2018 11:34

East, you’re right but that requires honesty and being confident enough to put up with the short term grief. Not sure the management are strong enough to take the right actions. I’ve sold my entire holding to protect capital. Good luck to remaining holders, hope it works out

[justiceforthemany] 31/1/2018 11:34

E-Mail contacts

Investor Relations
[e-mail]

CEO
[e-mail]

[eastbourne1982] 31/1/2018 11:29

Sod dividends, cut them, reduce debt and rebuild the business, that is what I would do anyway.

ps. I don't hold any shares here.

[gutterhead] 31/1/2018 11:27

If they had said the div would decrease, it would now be in even more trouble.
This share smells bad imo.

[seball] 31/1/2018 11:24

Shares moving into hands of shorters imo. Institutions allowing them access to their shares. This will keep falling as long as they keep allowing this.

[justiceforthemany] 31/1/2018 11:14

Hearing dividend will be maintained or even increased. Now yielding close to 8%.
P/E under 9. EPS 13-14p.

DYOR

[eastbourne1982] 31/1/2018 11:02

Debt worries will weigh on this, anything with a fair bit of debt is coming under pressure.

[ignoble] 31/1/2018 10:56

Oops , missed that

[justiceforthemany] 31/1/2018 10:34

It is a NET 20 million shares purchased in the last 3 months