Saga Takeover Rumours (SAGA)


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Saga Takeover Forum Posts

NAV_Mike.... my suspicion is that there is a worked deal in the background. My thoughts remain that there will be a period of consolidation at these levels over a month or two but it presents quite a decent entry point for investors. There are a number of scenaria which could happen - first, that the company is vulnerable to a takeover, and with Mr Batchelor at the helm, I doubt that either he or the board have the business acumen to cope should one present, second that the CEO replacement meets with institutional investor approval - and this will give stability to the share price and hopefully draw a line of support, third that any replacement brings all the bad news out into the open in their first month after appointment and the shares again plummet or that there is no such warning and announcement given to set out plan for recovery. I am still willing to commit more cash, but would prefer that an announcement is made for a successor first.
NAV_Mike, interestingly, most trades seem to be executed at well under the normal market size (15,000 shares) but volume is starting to settle down a bit now. While I am sure that ALGO trades are determining the continued momentum which will take the SP on a course downwards, my suspicion is that the ordinary herbert is in a buying mood for recovery. Batchelors departure is excellent news. Once a new appointment is made, I guess that the next change will be a new Chairman - they are the ones that oversee what a CEO does, decide on the agenda for meetings and the time to spend on any topic. Recovery can only really begin with CEO appointment and might not be evidenced for 6 months. The advantage for ordinary punters is that during this period of uncertainty, a Takeover approach can be made taking advantage of disarray.
ftse 250 trakers and investors who invest for dividend are the ones selling no need for shorts. who would short now after it has dropped 80% any takeover bid would destroy shorters and what is the plus side for shorters another 10p?
These falls are just sickening. The days of investing are long gone. Hedge funds and their algo bots are to blame for that. The slightest sniff of a company struggling and boom they hit the SP down into the gutter.... Thomas Cook hit 8p then doubled in the days / weeks after. I am hoping for some kind of takeover speculation here for me to exit this nightmare of an investment.
Wow - Takeover potential. Somebody only mentioned that last week on here (Erogenous Jones if I remember correctly) “I wouldn’t want to see it sold for anything less than 80-100p [per share],â€￾ the fund manager said. “It’s really, really cheap value stock. Profits will rise, the strategy now is good.â€￾"
Takeover stories = Desperation with a 350M Debt attached
JusticefortheChemist, ATM, there is no statement from the Company ("BOD" - Board of Directors) that they are "actively seeking a takeover". It seems probable that you have just 'made that up' to fit along with your "I would not want to be short" comment. Fortunately it will have no impact on the s/p. It could, however, negatively impact on other individuals were they persuaded by your argument, which is unfair don't you think? Gloom ahead for motor insurers as returns fall and rules tighten hTTps://
American Idiot, in common with you, although the share price has fallen a further 25% since profit warning, I do not believe that the company will go bust. It is a potential takeover target, of that I am certain. The forward expected profit of £100m indicates a P/E of 4 which is low. Plenty can be done to revive this company and the appointment of a new CEO, change of Chairman and a thorough review of operations should see this in a very different light in 9 months time. However, where there is a profit warning, so the focus gets defined on the numbers and specifically accounting assumptions. The market is braced for a little more fall out, but it should not deter the private punter from accumulating shares for either short term speculation of takeover or capital uplift as the company focusses on core competence at higher profit levels. £100m underlying profit on turnover of £840m is pretty good. What is not so great is declining turnover.
Best hope for Directors is to facilitate a takeover by a larger competitor...they would also be in the money with recent Director share purchases...2 months ago share price at 52% down to 58p...probably never see 200p again...
I am told the Cruises are poorly run. I have been hit with 30% insurance increases at renewal - so guess what I switched away. The management are completely out of touch. The diminishing user base is probably worth 25p per share. The out of touch management reduce the per share value by 50p. SO it is still over-valued and I don't see anyone with any sense making a takeover approach. Could be a penny share tip in the next decade if this management stops believing it's "blue sky" and starts looking after the customers.
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