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What’s going on with CARD these days? Have they had or are they in the process of having a rights issue to sort out their debt problems?
I was watching closely from the sidelines when it was 30 p and ended up missing the boat. The story of my stock trading life.
Hi Alnwick and SOH Saga is still one of my biggest holdings but it’s nice to have a punt and been in and out of Card since 30p and it has done me well. I’m in big now and keep topping up as it’s dropped. RI yes it’s coming and I’m cool with that.
The million $ question is will Card @ 60p get to 90p before Saga @ £4.40 gets to £6.60?
Nobody knows of course but I’m hedging my bets and getting a finger in each pie!
@ Beach and Roxbury,
I've been down exactly the same roads as you both, so I understand fully. Going forward, it's important to be honest with yourselves where things have succeeded, but more importantly, to admit to oneself where things have gone badly wrong. That is the path that enables learning, even if (like with me) things still tend to go wrong. :)
I made a mistake earlier this year on Saga by being too risk averse due to unreliable messaging by the government - I'll not be repeating that mistake.
@Rox - yep, I've done the massive highs and lows between the late 1990s and the months after 911. Phew! Stress or what! I went from very rich to rather poor in less than a year.
Having made good those losses and built a new, strong position, sadly, I lost another fortune last March in the energy sector. I will never be able to fully recover from that.
But well done to you Beach - I admire your courage. Great stuff. But be a little more careful next time, eh?
@slowandsteady,
Yes, I've been back in Saga for a while. My temporary set-aside made me miss almost 100p in movements which cost me another fortune. But I now have a huge position here averaged in the higher 300s and I expect to see several 100p movements up between now and next year.
Now is the time to enjoy seeing our first cruise ship return to the oceans in a few days' time and the associated press coverage.
And in another 4 weeks the inaugural - and likely full capacity - cruise of Saga's brand new cruise ship. Yet more media coverage to come there.
I find it rather hard to believe that the share price will not be over 600p by then with all of the restrictions being lifted for the double vaccinated - which is, of course, 100% of our demographic market.
I understand from the press that news of the above could well be broadcast by the government on Thursday afternoon.
I am really enjoyed to read everyone’s post, hope saga keep us happy forever. Agree with you guys, the future looking good, anything from 700-1200p are possible. Just read a this from stockopedia:” Saga (LON:SAGA) (I hold) - financing changes proposed. I see this positively in principle, moving riskier bank debt onto safer, longer-term (and covenant-free) bonds. This would also provide another £80m of cash headroom, which is already ample, per trading update last week. I remain firmly bullish on this share, with a personal price target of 1000p in due course”
I didn’t check the full story, as I think must be same view as us.
Looking for another blue day today, why other travel shares looks quiet? There are a lot rumours positive to travels.
Gla
I'm a great admirer of Stockopedia, Gordon. I'm not a subscriber as I'm more of an Ownership sitter on stocks purchased, but can't reccomend it highly enough.
I've tried them on a standard 2 week free trial (they don't seem to mind if you don't subscribe afterwards).... but they are extremely data rich, and their Guru screens are a revelation (I mean different Investing theories).
I would recommend you all to give it a try. You'll be impressed.
Thanks slownsteady, it’s nice to see more people has same view as us.
Where are you seeing a £10 Target Price? I've looked at Stockapedia, but can't see anything to that effect. Can you copy something in here? ATB
Sheltie. This is it:” Saga (LON:SAGA) (I hold) - financing changes proposed. I see this positively in principle, moving riskier bank debt onto safer, longer-term (and covenant-free) bonds. This would also provide another £80m of cash headroom, which is already ample, per trading update last week. I remain firmly bullish on this share, with a personal price target of 1000p in due course, I explain my workings & rationale below.”
And link: https://www.stockopedia.com/content/small-cap-value-report-22-june-2021-cgs-g4m-saga-crpr-mcl-tri-826729/
Many thanks for that Gordonzhang. And I thought I was bullish with my £7 price target!! ATB
You are welcome Sheltie, your 700 target is lower end in here and highly possible as soon as international cruises start and good numbers for first half by September. Then saga will back to ftse250 and 1000p will come sometime next year.
Hope I am right, lol. Anyway, difficult to say target but this will keep going up.
Gla
Same 600-700 by end of year. GLA
Well this has reached 450 ahead of my expectations.
Thought we would need more positive business results to hit 450-500
Ya right GLA. And why? Or is it one of those 'finger in the air and try to look clever' jobs? ATB DYOR YAWOS.
Don't get too caught up on short term price targets folks! I know we're all guilty of it though!
Let this one play out for a couple years and we'll be much much higher I think