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Agreed Culco, these opportunities don’t often come along and getting out with a good profit is the ultimate goal.
GLA
Hey Roxy / Joe. I wouldn't normally be in stocks either, the same idea, bought recovery stocks over the summer due to the opportunity to buy in great companies at bargain prices. Once in a decade or two decades opportunity really.
I've got price targets (which are a little flexible) and I've deliberately narrowed down my investing to a few key companies.
I believe the more trades you do, and the more you try to time the market, you eventually make a mistake.
If you roll over all your money and profits from one win to the next, eventually you'll strike out.
Well done JoeSoap so the hills it is!
Rogue there is no ‘after Saga’ for me. I won’t be looking for anything else.
I mention the figure of £6 purely because that is my guesstimate of what the share price will be when cruising resumes. It could be higher or lower but I just don’t have the hunger (or desire) to stay on this emotional rollercoaster for a minute longer than I need to.
The only fly in the ointment for me is share dealing (gambling) is quite addictive isn’t it?
Even these discussions boards are addictive! Lol
I'm with Twiglett on this - made some nice profit and suspect many others have too. "Sell on news" - expecting a pull back now - not substantial but a retrace nevertheless. Will invest in Novacyt, as it's hugely under-priced at the moment, having had the mother of all pull backs, and awaiting contract news plus future post Covid roadmap - then will be back in here if timing is right as, IMO, this has some more legs longer term .
GLA
Joe.
Doom and Gloom. Took me back. The nicknames of the 2 safety officers at Waterloo International 1991....showing my age.
Yep this thing is a SIPP sorter outer alright.
Rox, by the time SAGA is 6 quid most of the other trains will have left. I mean look at the airlines? How is that possible?
It will be back to funds for me. If youre not careful looking for the next big thing youll end up chucking it at a series of next big thing wannabes and lose the lot.
GL anyway!
Rox "I’m only in this game temporarily and because of Covid and the chance to make a quick buck.
Saga for me along with the other main shares in my portfolio Wrks, Card and Shoe are all recovery stocks and once recovered my plan is to head for the hills".
Rox, your comments brought a big smile to my face, my main SIPP is managed by Tilney BestInvest, I prefer to leave it to the experts (if there is such a thing :-) and the pandemic for now has likewise provided me the opportunity to make a very significant amount of cash, granted the lions share is on paper at the moment. When the time is right, I will also be heading for the hills as the tax man will be chasing me down :-), but my personal investing days will hopefully be in the distant past.
Today could have been a lot worse with regards to Saga SP after the comments made to the media by Doomer and Gloomer
GLA
Mate - I was in VOG back in the day. Took my eye off the ball when I got divorced and the share was annihilated. All it’s good for now is a CGT balance up. So I will even up eventually.
Like Rox I was around for dotcom, so am mainly sat in cash atm
I'm glad someone has made money out of this cr*p, some of us lth's have lost a lot of money! Well done.
Been in a year from 16p days and sold on the first spike to gain. Bought in lots more Average 18.5p plus the rights and sat on a huge loss. ( didn’t buy the bottom after RDH buy in as too much in the red 25k ) - missed the second spike earlier in Sept on takeover news by 30 mins, and then sat through the ups and downs.
I still hold but sold 3/4 at £3.90 and sat watching, as I’m not sure re USA and possible correction. If retraces to 3.60 I’ll be back in and maybe at higher.
Wasn’t bothered when it went down 10% previously as it was unit figures paper loss. When that became £10 k I had to bank some.
I still believe, but it’s all in timing. If it retraces then that might just give it that big push due to increased buys. I’ll be back in for £50 k worth
GLA - especially those who have sat through the last year. Wouldn’t call it fun but if you’ve made money. Be grateful
Yes the million $ question is when does anybody sell up?
I’m only in this game temporarily and because of Covid and the chance to make a quick buck.
Saga for me along with the other main shares in my portfolio Wrks, Card and Shoe are all recovery stocks and once recovered my plan is to head for the hills.
The problem I never anticipated was how addictive this is.
So if you top skim Saga you either put the £ back into your bank account which so far I have found Impossible to do or you put it into another share that you think has got more potential?
I wonder if anybody here has managed to do what they originally set out to do?
I’m beginning to think that the only way out of this and I mean truly out is what happened to me in the dot com boom bust and lose everything.
I was addicted then but never touched a share for over 20 years after that experience.
The worst part of all of this is that it is driven by greed and I have made an absolute fortune but I want more. Oh dear.
I think the number one question is what will you do with any cash returned to you?
If there are better opportunities elsewhere then top slicing is a way of diversifying your portfolio when you have limited new capital to invest.
If you are top slicing to reduce the risk and hold cash or near cash assets due to being close to needing access to that cash (ie retirement) then again it makes sense.
But if top slicing just to then do nothing or worse make a rash investment elsewhere which turns bad, then there would be little point in top slicing.
For me I'll take some money when I see the potential upside as limited.
But can't put a price on that yet.
That article is also a good reminder that most assets 99% are tricky to make a profit on and only a few lead the market to new highs.
Rox. Your question about how long to hold got me thinking too. At what point do you top slice? - Maybe to get your original cost back if you are in profit? - So the remainder of the investment is "free" - or is it when the gain already established means that the share is no longer a multi bagger and there are other opportunities out there? - but when does one pull the trigger?
I picked this up from another board (ENQ) and is a very useful but a sobering reminder of Goldmans & Alibaba
https://www.ft.com/content/f8f8b067-e663-4afe-90dd-6a243929af86
I'm in Hertfordshire BTW.
You’ve not had a night out till you’ve been to the Bigg Market! Especially on a match day. Super Geordies
Well, wherever at some point.
Have booze, will travel!
Rogue the Bigg Market is in Newcastle (Upon Tyne).
Ghost town at the moment of course but people travel from all over the world - ok the Uk to have their stag dos and hen parties.
Rox/Charles/Accipiter.
Yeah I think 6 is possible this year for sure, and yes Rox the 10 will take longer, and yes , I think I now understand that you wont wait that long...SIPP for me so time is not an issue.
Yes Rogue for sure and post Covid Saga is going to be in better shape (once cruising resumes) but that is going to take time. £6 is an amazing return for me personally and £7 is the absolute max in the next 6 months IMO. Long haul after that and I haven’t got that long an attention span.
Surprised at Banbury spelling it wrong but it’s the Bigg Market and is where all the young ones go drinking. I first went there from the Boro in 1977 oh dear who blinked.
Rox,
But that time range was impacted by the goodwill impairment. So that is taking an overly pessimistic view I think?
And where is the "big market"?
Earth calling millionaire!
Keeping it real £7 would be amazing in fact I will be tempted to top skim from £6 onwards and here is my reason why:-
Using the old share prices on the Lse tables it is possible to calculate (roughly) the average Market Cap (Mcap) for the 12 month period preceding Covid.
Remember though this was pre-Covid so both ships were cruising.
Jan-Jun 2019. £850 million.
July-Dec 2019. £560 million.
£850 million is a share price now of £6.
The current Mcap at close of play today is £569 million (£4.06 share price) so we are already at pre Covid levels.
Millionaires estimates of £12 to £15 is £1.6 to £2.1 Billion Mcap respectively.
All possible of course if you are prepared to hang around long enough?
Millionaire £12 - £15 will require a substantial turnaround on insurance not just a recovery.
My long term horizon is £8- £10 as insurance is tough.
Why? It's going to £12-15 v soon...
Patience will be rewarded here .... everyone is so impatient these days!
Makes me laugh
I might sell some when we hit £6 ;)
I might sell some at £4.15 and then buy them back at £3.95