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Nice to see closed above 4 pounds. We been wait 9 weeks! Saga was very good this week as all other travel shares down every day, feel much better now, haha. Gla
Well played Banbury, just crossed 410!
Banbury,
That was a wonderful bit of foresight, any chance of the lottery numbers for tonight.
Lovely rise into the close today
Share fall great information and I stand corrected.
I took a wild punt before open that we would hit £4.10 sometime today. We hit 4.09 in the first 20 minutes . Currently £4.07 .. one more push.
Not often one of my hunches get's even close.
brick by brick - should soon be rubble
Welcome back FJ and sit on those hands, more importantly don’t listen to all the BS from the government ministers who wouldn’t know the truth if is slapped them across the face :-)
Does anyone know anything about Setanta. I follow a number of shares and recently a number have been hit by heavy selling. Setanta has been mooted in each case as the seller. I’ve found it difficult to ascertain if there is any truth to this or not. Do Setanta know something we don’t or are they pulling out of equities or is there trouble at mill?
Hi Icecool,
Yes I am back invested in Saga and have been for a little while, but didn't want to broadcast the fact un-necessarily.
I can't help but think that things are really going to move rapidly here next month when our first cruise ship is back on the ocean earning its keep.
Yep, great info, thanks Gooner, but why do Setanta want to keep selling, as most of us on this board can see great potential growth, confuses me !
Some nice informative posts FJ, assume you are now back in the game :-)
Gla
SumOverHistories,
Exactly !!!
If that trend continues, Setanta should be completely clear at almost exactly the same time as Spirit of Discovery returns to the ocean at the end of next month.
Happy days.
Good bit of RNS research there, gooner. So they’ve basically been off loading about 1% per month and if that trend continues they should be completely out in the next couple of months if that is their intention.
... in theory... DYOR GLA
Perturbed,
I have this in my notes - given the below, Setanta must be getting pretty close to having cleared out their stock, if as we suspect, they have continued selling since 09/04/2021:
Setanta position
Position of previous notification before 01/02/2021: 6.95% 9,738,506
Resulting situation on 01/02/2021 (notified 03/02/2021): 5.99% 8,395,480
Share sells notified: 1,343,026
Resulting situation on 03/02/2021 (notified 05/02/2021): 4.96% 6,947,207
Share sells notified: 1,448,273
Resulting situation on 11/03/2021 (notified 15/03/2021): 3.93% 5,500,845
Share sells notified: 1,446,362
Resulting situation on 09/04/2021 (notified 15/04/2021): 2.998% 4,200,594
Share sells notified: 1,300,251
Thanks Joe
This might help to explain things, was Setanta not left holding many shares after the placing due to low take up ?
https://www.investegate.co.uk/article.aspx?id=202009101433176591Y
Setanta Asset Management Limited (acting on behalf of its clients) ("Setanta") is a substantial shareholder for the purposes of Chapter 11 of the Listing Rules. Setanta is therefore considered to be a related party for the purposes of Chapter 11 of the Listing Rules. Setanta has conditionally subscribed for 68,291,666 New Shares under the Conditional Placing, equating to £8,195,000, subject to clawback by Qualifying Shareholders to satisfy valid applications under the Open Offer. Under Listing Rule 11.1.10R, the participation in the Placing by Setanta constitutes a "smaller" related party transaction and as such does not require the approval of independent ordinary shareholders of the Company. As the transaction falls within Listing Rule 11.1.10R (smaller related party transactions), this announcement is made in accordance with Listing Rule 11.1.10R(2)(c).
Shame they are leaving.
https://youtu.be/6Whgn_iE5uc
How many more do setanta have left to sell?
Just following up. They were selling in May 2018 from 6%
Thanks, makes even less sense now.
Good question Smorty. I can only ever remember seeing selling RNSs for the last couple of years. So I think they had bought on before Elliott
Was Setantas position built up as part of the attempted take over of Saga last year ?
The rest of the week may give us the answer.