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Agreed at the share price will need to get to £10.40 just for me to break even, so I think I'll be suffering for a lot longer or even forever😊
All quiet here.
Hopefully the long suffering will be rewarded...
Billzo, you're index finger must be twitching in anticipation!
Https://news.sky.com/story/saga-floats-idea-of-selling-stake-in-ocean-cruises-arm-13056351
I like the story outlined in the rns today a good saga!
Nothing new, except it is ships. Happens all the time in business, eg buildings / assets sale and leaseback, supports the business in the short term and makes matters easier to control.
So, in layman’s terms, looking at selling the ships and then leasing them back? Thereby avoiding debt repayment lump sums and creating fixed running costs?
Saga plc (Saga or the Group) notes recent media coverage. Saga is committed to providing best-in-class products and services to its customers across all its businesses. The Board is exploring opportunities to optimise Saga's operational and strategic position in Cruise, where exceptional demand for its boutique ocean cruise offer means it is operating at close to capacity. It has concluded that a partnership arrangement for Ocean Cruise would be consistent with Group strategy to move to a capital-light business model to support further growth and crystalise value, reduce debt and enhance long-term returns for shareholders.
No decision has yet been made and there can be no certainty that any partnership agreement will occur. A further announcement will be made in due course, as appropriate.
The Abu Dhabi connection is beginning to make sense.
Saga plc
Response to Media Coverage
Saga plc (Saga or the Group) notes recent media coverage. Saga is committed to providing best-in-class products and services to its customers across all its businesses. The Board is exploring opportunities to optimise Saga's operational and strategic position in Cruise, where exceptional demand for its boutique ocean cruise offer means it is operating at close to capacity. It has concluded that a partnership arrangement for Ocean Cruise would be consistent with Group strategy to move to a capital-light business model to support further growth and crystalise value, reduce debt and enhance long-term returns for shareholders.
No decision has yet been made and there can be no certainty that any partnership agreement will occur. A further announcement will be made in due course, as appropriate.
BREAKING NEWS ON SKY NEWS
The over-50s travel and insurance specialist could outsource the operation of its two ocean cruise ships under plans being explored by its board, Sky News learns.
Next weeks trading update is going to be Really Interesting !!!
Will sir Roger be happy about losing the ships from Folkestone?
At £360 per diem, these ships should be the most profitable in the UK, yet they barely will make £30-40m EBITDA pa each. It would be better to sell the entire business to someone who can leverage it and increase the fleet size. Saga management are too incompetent to get anything right.
Bilzo…….you still here waiting for £1 old bean?
The two ships have a combined build cost of 560million , the market cap is only 207million. Surely the SP rises on this news tomorrow...
Https://news.sky.com/story/saga-floats-idea-of-selling-stake-in-ocean-cruises-arm-13056351
Waiting for Peel Hunt to raise their target again now price is up!
Peel Hunt? Save us please from experts . Is someone being paid for this superb piece of analysis?
Once it gets to £3.40 I will post my price target of £3.50.
Bolly and strippers all round!
Lads…..what’s the share price?
Ok cool, shall we set that as the new target price then?
Sorted…
145?
Isn't that what they call a self-fulfilling prophesy lol..FFS!
Peel Hunt raises target price from 115p to 145p.
Peel Hunt had the lowest target price by far.
We have to renew our Car Insurance 1st February on 3 cars and every year for the last 5 years we have tried SAGA and they have been expensive.
We have just tried again today and SAGA are the best price we can get and you have the option to fix the price for 3 years.
The 3 year fixed price option was 13.8% more expensive which I think is a good deal.
SAGA are obviously being more aggressive on their pricing and with inflation falling fast , particulary in the car market, they may be gaining market share!
SAGA now supply our Car Insurance, Travel Insurance and Medical Insurance.
The customer service is first class.
As a SAGA Shareholder give them a try.
The trading update on Tuesday 30th January is going to be very interesting !
Best Wishes
Slight update to those figures. I found the 22/12/23 list and there are only a couple of changes since then HBOS and Babu. SO their % change period on the table of holdings must be longer than that...
But still going right direction obvs.
Wow ! Hard to believe we touched the old money 10p level!! ridiculously cheap and undervalued
"It has climbed 28% since the last Update so the market "may" be pricing in the Update "
It may indeed, but in that period Babu has taken out 10m shares. A look at the current top 25 holders (using https://simplywall.st/stocks/gb/insurance/lse-saga/saga-shares/ownership) indicates that whilst a few Institutions have reduced, several have increased by a double digit %age resulting in a nett 4m plus increase in the top 25s holdings in the period. The information shows Babu as no change in the period so must be recent and his 10m is outside the 4m increase.. Saga staff ownership plan have increased substantially also.
I last looked at that a few weeks ago but managed to accidentally delete the last print, so can't say what the overall position is since then..... but I will keep an eye going forward
Looks positive....