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Agreed. I fully expected Corbyn to get his marching orders, but for that endlessly guerning and gesticulating remoaner Swinson (a brazen example of everything wrong with modern politicians) to lose pretty much everything including her own seat too was brilliant stuff. A plague on both their houses.
Cxs1 Hope your correct so the grandkids will get a present or two for Xmas. Think Boris seeing off Corbyn and his commie mates will result in significant uptick today in the markets but sterling strength may limit this a bit.
Saga could get a lift with the uptick in the market generally but we have to hope the travel sector gets a boost as well. Insurance and other parts of the business will remain under pressure so a big 'hammer' is needed.
All theory of course but Saga could be broke up now Brexit is in sight and Elliot will have a plan 4sure now Boris is set for 5 years.
Sad to to see Swinson and Corbyn got smashed. Sure they can get jobs in Xmas pantomine as wicked witch and the wizard of oz
just fyi - i contacted saga and they advised they will be releasing a trading update in January and once the date has been confirmed will be added to the website. hoping that the progress indicated on last update and investor presentation last month has continued and will result in a nice boost to the SP. good luck all
Nope, the down trend was already reversing on Tuesday, then the CEO news yesterday clearly knocked that on the head, but picked the trend back up today with market anticipation of Bozo getting a decent majority. Should see 60s again soon Harry, tell your grandkids..
Well I would like to say I was wrong given today's uptick on the SP. Obviously a delayed response to the new CEO so hope it continues.
Not sure I agree on these trading pattern theories, 'hammer heads' and such. If a share is doing well it means the company is likewise. if not the SP tanks as is Saga historic fall from 100p +. Sadly those days are gone and 22 days of downside is not; by logic, going to be reversed by some guy with a 'hammer'.
All theory of course lets hope the SP continues to rally.
Totally agree. Trading update may well be a nice upside surprise in January with a full six months profit from the' sold out' versus target revenue from the Spirit of Discovery. We will also get an idea of just how profitable the commission from the Marcus savings account collaboration with Goldman Sachs is.
Unlike Harry, I can see huge upside to Saga. Even before the new strategy, the company had revenues around £850 million and profits around £120 million. When the two new ocean cruiseships are fully functional, and also the new build river cruiseship, I can see the revenue and profits increasing significantly, particularly if the insurance side progresses well.
Try not to post here to often, it's depressing when I think I brouht this crap as an investment. Anyway thought I'd put my two bob in on the new CEO.
Well itts obvious Saga have gone to the 'cleaners' to get a new CEO (excuse the pun. Eg. Superdry). Who is this guy and has he any experience whatsoever in travel, big boats or insurance. My guess is no and from what your all saying no one is overwhelmed. The SP certainly suggests the markets believe he's not a perfect fit. Anyone know what his pay grade is and is he ikely to just take the money and run if the big boats start sinking? . Obviously NZ is to far away so we don't need to worry on that score.
Anyone think the divi will be scrapped. You know the new CEO being a new broom and all that crap??
All theory of course but I really can't see the upside to Saga. Possibly not all their fault as us old farts don't really want a Saga sticker on our suitcases anymore. Bit like Butlins and Pontins. Well past the sell buy date. As for the insurance side. Well its called runming on the spot and not moving just shuffling money around to get some FCF to pay the new CEO.
I have read some reviews recently and many holidaymakers have been saying Saga has got rid of a lot of reps who were really good with customers and made the holidays special. Looks like Saga are lacking on many of the 7p's of the marketing mix.
He job now is to increase revenues,reduce debt and get the earnings per share back to where they were His experience should allow him to get on board revenues up on the cruise ships and develop the SAGA brand better in order to launch new products and services. He has a Head of Insurance to help squeeze more out of a tough market on that side and he has a new Operations Manager running the day to day.
At Superdry I think he tried to change the philosophy of the brand ...went for stack it high and sell it cheaper ..and the exclusivity of the brand got lost , as did its price point .....but he was operating in a really tough clothes market....
If the economy can improve then SAGA "should" be able to capitalise on it...
They can not however rely now on the golden egg of insurance to make all their profits..those days have passed
Difficult to see how this is a shot in the arm for this laggard company, but then the activists who presumably have an established agenda might prefer a, um, less than stellar, hands-off governor, rather than a fresh, bold, all action kinda guy. His track record and vague & cliched comments about potential have fitted the bill for someone.
I'm not liking this one. No big boost on the share price, still below 50p. I've recently sold and don't regret it. Saga may turn this around due to Elliot buying in (5% stake). Selling off the insurance is probable. There are better things to invest in at this time.
Panderman I think that comment is a bit unfair. The founder and major shareholder was always a major factor and don’t forget the entire Board resigned not just the CEO. Things will be different at Saga and think, with the other recent Board appointments, the position has been significantly strengthened.
Bought in at 36.6p so a good price, was hoping to hold for a while but I will not invest my money in any company led by this goon.
He bottled it at CoOp saying it was 'ungovernable' only for Richard Pennycook to come in and make a great job of it, he wrecked Superdry and he is so far up his own a**e it beggars belief. Limited intellect but a networker. I have witnessed him in action. However he has survived in business is beyond me, don't they say something like "people get promoted to the level of their own incompetence" - something like that, anyway thats it for me in Saga, GLA, you will need it.