Saga Share Discussion Threads

[sharebuddy1] 12/4/2019 09:15

Don’t see how the share price can recover when all trust in the management has gone. Just compare the trading update in January with the results issued in April and ask yourself - is this the same company?

[dealy] 12/4/2019 07:20

surprised this didn't recover yesterday on Brexit summer relief news like Easyjet

[justiceforthemany] 11/4/2019 22:04

No shorts showing now. Blackrock and GLG both below the 0.5% threshold. share price continues to drop...

[diku] 11/4/2019 21:50

Somebody mentioned Marconi?...The Marconi!...

[andyj] 11/4/2019 16:16

They have been indoctrinated by years of left wing teachers.

[justiceforthemany] 11/4/2019 16:11

Two large 7.5M trades mid-afternoon quoted as ?. Clearly sells IMO - hedge funds still selling.

[stewart64] 11/4/2019 15:39

Wouldn't you vote for Corbyn if you were under 35 and had nothing to lose...free everything including Uni. To be paid for via the destruction of middle class wealth he so despises a la Venezeula.

Think coalition is more likely too, especially if Tiggers can claim a share of the vote.

[careful] 11/4/2019 15:34

Yes Corbyn is becoming a real threat.
A young versus old divide is getting worse.
Not helped by the damned Brexit thing.
80% of 65 year olds and older voted leave.
75% of under 35 voted remain.

Those poll figures published last week were shocking.
Hardly any young up to age 25 (4%) voted Tory.
But at over 65 is where the Tory votes are.
the old used to vote, the young did not bother.
That is no longer the case.

I must position my portfolio in case of a Corbyn Government.
No doubt it could be a coalition, we shall have to get used to that.

[stewart64] 11/4/2019 15:13

Careful...I'm very tempted for a small punt here still. Treasury stock a shocker on yield just now, great bet a few years back. I believe 2.5% 2024 yields about 1% flat assuming 3% inflation ( ie negative 2%)?Just nowhere to Corbyn proof capital except dicing with Equity I'm afraid. He's not worried with his 7 figure superannuation package and Islington pad mind. And part of the struggle on FTSE 250 isCorbyn fear, more than Brexit.

[careful] 11/4/2019 12:27

I have the portfolio from hell right now.
By nature I am a contrarian value investor so I am attracted to struggling companies.
Not working well right now, they just go lower and lower, but I am patient.
If a share collapses I am interested, recently bought Saga, and that is my weakness.
But it has worked quite well in the long term, despite being stung by Northern Rock, Woolworths and other dogs.

My experience with Government securities has been excellent, and lucky.
I bought a shedload of Treasury Stock 2020 a few years ago when they were yielding 5.2%
My guess was that inflation was about to fall.
When I sold I made 20% tax free.

I have known people who have been burned. One had put almost his whole portfolio into
Marconi.

[spob] 11/4/2019 10:53

EJ I don't think my advice was rotten (perhaps I admit, very hard for most people to follow)

it was pure logic based on the statistical FACT that most PI's lose money

doing the exact opposite of their instinctual tendency WILL produce good results on average :)

[diku] 10/4/2019 22:22

How many ships Saga got?...and are they owned or leased?...

[justiceforthemany] 10/4/2019 22:13

Being ultra negative and putting forward profits at £90M - which is well below the lower guidance of £105M - still puts shares on a greatly discounted P/E of 8.

[justiceforthemany] 10/4/2019 22:10

Ex-dividend in May and first new ship sets sail in July.

Those saying Saga is no longer an income play should note the reduced dividend of 4p is now yielding 7% and twice covered by revised projected earnings.

[diku] 10/4/2019 21:31

Below from an earlier poster...not guaranteed that one will reward you comprehensively...it all depends on the buy price and when you hit the sell button under all circumstances considered and market conditions...all too often if you have 9 go bust then very likely possibility you will hit the sell button too early just to get out or with a small profit...or you might even be temped to sell at a smaller loss just to get some money back...the saying goes easy to hit the buy button but a difficult choice when to hit the sell button...the saying run with the winners...does anybody ring the bell to tell us the winners will just keep going up?..




Read as much as you can about investing and in particular read books published by the original creators of Motley Fool - start with "make your child a millionaire". Concentrate on getting a core of companies at the heart of your portfolio that cannot go bust. If you have time then assign a portion of your investment capital to very high risk companies - 10 will go bust and you will lose everything but one will reward you comprehensively.

[diku] 10/4/2019 21:21

Kitchen sinking is becoming too obvious routine...


When we have a new Chairman (May 2018), a man with a wide experience in the insurance industry, and a new CFO (just recently), it is often the case that some kitchen sinking will be expected.

[spob] 10/4/2019 20:59

dealy

best advice i can give is, every time you are just about to hit the buy button - go SHORT instead

you will make a fortune :)

[thecroots] 10/4/2019 20:33

Good post Jones...

[scrwal] 10/4/2019 19:41

Depreciation charges for the ships should be spread over c30 years - this is what Royal Caribbean Cruises does. £270m boat will cause £10m depreciation hit yearly.

Debt repayments don't hit the P/L account only the interest.

The problem isn't the ships even though they are now a major factor but the Board saying a new strategy is needed and that profits are slashed for next year along with the dividend. Throw in the fact nothing was said about this until the results were issued then it is not surprising the market has taken a dim view and will do so for several months, definitely until SoD makes its first paying trip successfully. If there is any problem then the shares will suffer even more.

[careful] 10/4/2019 19:38

The annual report was gloomy.
But they are starting to re boot the business.

When we have a new Chairman (May 2018), a man with a wide experience in the insurance industry, and a new CFO (just recently), it is often the case that some kitchen sinking will be expected.

It is easy to change strategy when you had nothing to do with the old one. No doubt there is some truth in it all and change was needed, I am just suggesting that such actions are not unusual when there is a change at the top.

The CEO in effect reports to the Chairman, and usually has to fall into line with his wishes.
(Note the new Chairman of BT soon forced a change of emphasis and replaced Gavin Patterson within months of taking the job)