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Yeah so so cheap atm, must be a target but I need £3.50 +
All these companies being acquired, Anglo yesterday and Darktrace today, when will it be our turn?
I can understand them having relatively high prices, but at the end of the day they are not making outsized profits. A profit of £35m from two ships might even be considered on the low side based on how risky the business is from world events.
HOMER1234
Interesting comparison FIAT to FERRARI !
I own a few FERRARI’s and they used to be part of FIAT
and the older ones look great but drive like a FIAT
only a little faster !!
Our go to Cruise lines are REGENT and SEABOURN and most of the British passengers we meet who have been on SAGA rate them as a 5 Star Cruise.
The only reason we don’t use SAGA is the fact that they only sail from the South Coast and we live in Northumberland. That’s a long drive in a FERRARI !!!!
£368 is the average per diem per passenger. The basic cabin is now about £700 a night for a couple, single cabins are about 80% of the double cabin price. The discounted suite prices are £1,200 to £1,400 per night. Undiscounted prices are considerably higher. The ocean cruise prices have been hiked quite considerably post pandemic. But I suppose the likes of Mr Motivator, has been TV ‘celeb’ guest speakers, and the onboard ‘Cruise Radio’ bods etc don’t come cheap.
I am only 42 pal, not their target market.
Lol comparing Saga to Silversea. Like comparing a Fiat to a Ferrari. Take it you have not been on Silversea.
At £368 a night they are far too cheap, should be £500+ like Silversea cruises.
The Times rate SAGA the best Cruise-line for over 50’s.
Why we rate it More than 20 per cent of cabins on Saga’s smart, modern ships are allocated to singles — and each one has a private balcony. Solo travellers are always made welcome on this over-50s line, with a singles’ mingle and a lunch for solos on each cruise. You can request to share a table in any of the restaurants with other guests, and can even ask to buddy-up with other singles on shore excursions. What’s more, there are gentleman dance hosts to dance with those, solo or otherwise, who enjoy a spin at the ship’s ballroom sessions. A chauffeur service between home and the port adds extra reassurance to single travellers concerned about getting luggage on and off public transport on their own.
What’s included Where to start? All dining, drinks, all entertainment, crew tips, wi-fi, chauffeur to and from the port, selected shore excursions and travel insurance.
They are very similarly priced. Their ships are also a very similar size.
I can’t help think that Saga’s ocean and river cruise division would be very tempting for Viking if it has the funding to expand.
I doubt they would in 2023. I wonder what price they will ipo at? Hopefully the saga bod will take notice and make sure we get a fair deal with doing whatever they are planning on doing with regards to the partnership.
I wonder what Vikings massive "one-off " costs were that created the huge loss? Maybe they also wrote down some goodwill? LOL.
This is a good point currently cruise and travel has no goodwill on the books. So we need some kind of deal/partnership here to propel the SP much higher
Tfe
I hope so in the long run, but this top up was a lot higher than that made on
3rd Oct 2022 (about 82p)
Has come down a lot since my over £4 sale on 12th May 2021.
Just a shame I didn't sell a lot more then. I also started buying back too soon from that sale. I need a decent rise from the current level to get back on track.
This is currently a laggard in my portfolio alongside Marstons.
Https://www.reuters.com/markets/deals/travel-firm-viking-holdings-seeks-raise-11-bln-us-ipo-2024-04-22/
IPO at 10x EBITDA.
Good top-up price last week Lti, I was tempted but resisted, happy with my current position here.
Thanks Alnwick. I hope your positivity bears fruit soon. Some large buys today might suggest some good news is near.
Hi Accipiter, I share your view on SAGA being a sitting duck and it will be on the Radar of PE too.
The interest from the Prospective buyer at around 265P was before RDH invested.
I think it's more likely that AGEAS will acquire the Insurance business and SAGA will then concentrate on Cruise and Travel to become the over 60's luxury brand in Europe.
They already have another 3 River ships in construction and are expanding the travel business with Private Jet Tours and Longer escorted tours which are very profitable and selling well.
The days of SAGA Insurance making 100M+ appear to be Gone !
Hi Rogue
The highly conditional offer was at 33p in old money. This was before the rights issue and consolidation. So the offer price would have been 265 based on the number of shares now in issue .
And to be fair anyone wanting to cut their losses at 220 could have then exited at anywhere between 300 and 440 over a good few weeks no? We're here, or back here, because it will happen again at some point by some means ...
He had an indicative offer of about 220, but that wasn't a firm offer. It was an invite to open the books. It wouldn't have ended up as 220 if the prospective buyer had anything about him IMHO.
"I believe saga is a sitting duck. A ready made brand for Carnival"
Only if Uncle Roger can be parted from his baby. He had a chance once before but chose to block it and to deny shareholders their chance to recoup some of their lost £s. Someone on here will remember the offer price he rejected about 3 years ago?
Goodwill can only be written off but not reinstated under IFRS, for internally generated goodwill. What about goodwill on their home and pmi business?
I think worth looking at the history here....
After it went public 2014 the goodwill was sat on the sheet at a whopping 1.6bn. The piggy had truly been fattened for market huh? It then dropped to 1.47 the following year and then stabilised around there until 2019. It dropped then to 1.17resulting in an overall loss, and has continued dropping ever since (save 2022) with the same result. The goodwill allocated to cruise was zeroed in COVID 2021, so what's left (344m) is now only insurance. Insurance's numbers have obviously dropped but not by that %age. Presumably on that basis, they will shed some more this year.