The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Oh, I've just realised you were referring to the hypothetical 'gains' on BB rather than real life.
I'm not sure an algorithm can be "successful". I'm not sure of your numbers either.
Yes thank you for that Nic. It's been an ongoing dialogue here because it has been incredibly successful on this stock. Last 12 months it has 5 bagged and last 24 months 13 bagged. If only we had all listened.
Hardly surprising, it's an algorithm which just responds to a couple of days of up-ticks which itself is just reflecting a general trend which is readily visible from the FTSE charts. But you already knew that, didn't you...
Hey BB well predicted. British Bulls just issued a Buy on Saga
re Cruise declaring
Beach there are only 4 numbers in your post.
Is the total missing. Should it be 30,633?
British bulls still staying in cash. But I quote here "one inch away from going long" Even I can manage one inch well maybe once a week
Beach doesn't quite feel right. 10 months to September say average cruise 17 days. Say 36 cruises. 11393 implies at 998 per cruise . So 316 per cruise so 31%. I'm assuming the 11393 must be bookings not people but brings it up to 62% . Not sure.
Titan margins zero so not on my watch list.
Do we know figures for saga River cruises ?
TITAN is the 45th largest ATOL holder in the UK - 31,393 passengers.
44th place is Viking River Cruise at 32,539 passengers.
43rd place is Royal Caribbean Cruises at 33,310 passengers.
So it gives you an idea of the size. Albeit. Margins are very small compared to Cruise as Banbury said.
So Saga are saying 11,393 licensed to cruise up-to September 22
And TOUR. ‘TITAN’ are saying/licenced they’ll be carrying 31, 393 passengers up to September 22
TITAN declaring
Quarter DEC-21 MAR- 22JUN-22SEP-22 Total
Public sales1,223 3,559 13,992 12,619 31,393
Beach sorry I meant atol. Will try link
Poker correct but add the similer figure for year ended 31st Jan 21 and you get to ball park £120m. Its been tapering off more recently. !! I was mega disappointed by the £19.9m as logically they must have spent that well over a year in advance of the hols as they started ring fencing 18 months ago. Question is how much more in the second half ? Another £20m and we stay in rut - nothing and we are really in business on recovery
Cruise declaring
Authorised passengers broken down by quarter for the period of the licence holder's current licence.
Quarter DEC-21 MAR-22 JUN-22SEP-22 Total
Public sales 2,549 9,616 18,468 11,453
ABTA is a pointless organisation, just a membership club really for travel agents.
It’s ATOL / CAA (Civil Aviation Authority) that run the show, protection of monies/holidays and the need for trust accounts etc.
Banbury Et al - click on this link below and search SAGA ‘ATOL number’ 0308. And also TITAN ‘ATOL number 11746.
This will tell you how many passengers they have declared to travel/have licensed to travel with them under each specific ATOL number.
I’m only my mobile only at moment so not formatting the figures correctly, so can’t see how many.
All Tour Operators had the deadline of 30th September to renew there ATOL licenses, with appropriate bond, based on the number of passengers there declaring they are going to carry this coming year.
https://siteapps.caa.co.uk/check-an-atol/
Banburyboy
I got the impression that they added the £19.9m H1 cash into Tours in order to bring the ring fenced need up to date ..outside of any additional booking deposits received
" As at 31 July 2021, the Tour Operations ring-fenced business held cash of £26.3m, of which £23.6m is held in trust."
Poker at least with recent tour bookings its ring fenced so they haven't spent the cash which is why we are in the cack !!!
For those who are wondering if companies spend ring fenced tour receipts they need an abta bond.
Reimbursed spent receipts funded from rights issues and bond issues proceeds £120m and counting. Pretty niche but to me how much more of this is left is key to this company. For the accountants I think this is a contingent liability but they have seen fit not to disclose it as such. As such guessing how much more is guesswork.
** - correction - I suspect 2022/23 bookings will further increase later...as we get out of the near-term winter "covid worries"
"Tour Operations bookings for 2021/22 of £18m and £109m for 2022/23. (2022/23 are ahead of pre-pandemic levels) "
...so..there may be some light at the end of the tunnel ...I suspect 2021/22 bookings will further increase later...as we get out of the near-term winter "covid worries"
Beach I hope you are right when it moves it does move fast.
Been crying for the last week. I had kept all my Saga cruise analysis on the desktop of the works PC. Went into work for the first time in eighteen months Monday last week and anything on desktop was wiped. You know how sad I am and those records are my life. I will have to pick myself up dust myself down and get on with it. I now know how Matt Hanco*k feels
Now it’s 2 week of rise back to £3.60.
I predict a ‘BUY’ signal from British Bulls by tomorrow. Not that I take a huge notice of them but ‘generally’ correct. Just IMO. DYOR.
Hi Beach. If there are institutions selling, why aren’t there large volumes of shares in the sold figures?
I'd definite sell at £360 quid a share beachbum haha ;)
What I posted on the 12th Oct. Test my theory??!?
I’m hoping this is a 6 week cup and handle playing out. Two weeks of fall to date ‘institution/Aberdeen sell off. Flatten out for a week and new institution buys in at the floor ready for 2 weeks of rise back upto £360. Handle at 3.60 back to 340/350 then rise to 420? got to dream!!