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He probably means the old old CFO
Please could you explain the significance of this SP behaviour?
the significance ?
well....@Btfasted ... it gives you an understanding of how the market is seeing the company performance and what it is valuing it at, at the current time ..... so that you can hopefully align your own ideas/expectations to that of the market. At the end of the day, what we think matters for little, we have to understand how the market thinks
" By the way, Good riddance to the old CEO and CFO."
I take it you do know the "old" CFO is now the "new" CEO
( and the old Group Chief Corporate Development Officer is now the new CFO)
Hi Rogue.
I thought we might hear more about possible partnerships and more about intentions of our new major shareholder. This is what we need to know.
Hi Poker. I know you are right about this bear retrace business. And you have said it previously. Please could you explain the significance of this SP behaviour? Thanks.
By the way, Good riddance to the old CEO and CFO.
Euan Sutherland last day is tomorrow and then there is the new set up of the new CEO and new CFO in position , so I suspect the market now wants to see how they handle things during their first quarter in the roles
Well , there you go...back to that Bear retrace price area ....again !
The Bears have, since the turn of the year thought the Update was priced in at 150p-155p and it struggles to maintain those levels , repeatedly
Looking back to this time last year....
More than double the number of posts and posters 0700-1030. (Yes I know, I need a proper job again)
Price well north of where we sit now, with some stronger numbers.
So probably less PI interest and anyone else is waiting to see how the goodwill is treated this year and what happens with this ship lease/whatever thing in the meantime? I think only a deal on the ships, a deal on insurance or the final numbers without a heap more goodwill written off is gonna shift it. Hope I'm wrong tbh plenty of others on the watchlist need top ups!
Muted response to say the least, would have expected more given the positive update narrative.
Share price and Update very much as expected ....doing well with what they have, but the market sees no short term change to Insurance
Https://www.sharecast.com/news/news-and-announcements/saga-says-annual-profit-set-to-more-than-double--15995692.html
https://www.cityam.com/saga-surges-towards-profit-in-stronger-than-expected-six-months/
https://www.proactiveinvestors.com/companies/news/1039638/saga-predicts-more-than-doubled-annual-profit-on-travel-upturn-1039638.html
.... next step broker upgrades ... what does Peel Hunt have to say!!!
Nice results ... year ahead should be even more profitable with extra loading on river and ocean cruises and improvement on underwriting and of course full benefit of cost reductions. iretail insurance not that good but again only short term pressures. Lets see how the market reacts.
I thought quite neutral tbh. Some will be thinking not going fast enough I guess.
Excellent trading update - exceeding my expectations sp should rise imv.
Interesting to see once again the Bulls have sold on the share price rise and the share price is now back to that Bear line base ...again !
The high occupancy suggests the prices are too low , and it will be interesting to see the margins at the end of the day...
These are two decent ships and one wonders if someone else could see them taken to other areas of the world where they could attract higher paying customers and bringing in better margins than that achieved from more cost conscious British (near) pensioners
Also movements dur to results tomorrow and to allow Eldose to soak up more float
Batfasted…….probably because nothing goes up in a straight line. A good week last week so expect a poor one this week. Always healthy for the future price.
Why the drop?
Free publicity on the front page of the Sunday Express today with the headline “Rishi Targets Saga Votes To Win Election”. Article goes on to reference Saga.
Bolland07,
I think sale and leaseback is the best option as it instantly gets rid of the high cost loans of RDH and bond renegotiation. The supermarkets did it so makes sense. so technically Saga may not own the ships but they run and operate them take the profit and rent out the boats
Is it me or does anybody else find selling of the only profitable part of business a bit odd?
They own four 25 year old ships. I doubt they have the capital, if they did then they need to replace their own fleet soon.
I should have mentioned they are owned by Sycamore Partners. Massive organisation and azamara are increasing their fleet. Anyway whoever it's good news ..........
DYOR
Azamara could be interested...........
I tend to agree with you Rogue.
However we may not get any shareholder dilution if the deal for the 2 Ships is either outright purchase or what I believe to be the preferred option of RDH a JV on the 2 ships with another cruise line.
SAGA’s 2 ships are 5 star + and the major players in this market are Regent , Silversea and Seaborne.
We have sailed with all 3.
All 3 are experiencing exceptional demand and are all expanding their fleets.
Could be a Win-Win
Best Wishes