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The bottom line is the SP should not have recovered from its previous years low of 66p to £1.20 as there was really no certainty of the recovery, but most of all the huge debt stands. I personally think we are heading for a Rights Issue.

at 50p this stock will have ''tasted blood.'' I feel at this point , such will be it's apatite, that it will want more and we may then see a 40p floor . However, perhaps also a quick rise back to 60p.

why will it fly on the 13th? Yes it will go up tomorrow so people who want the divided get it. After that for the sake of getting the dividend you hold a share that may drop to 90p or less. Doesn't make sense, if it was going to fly on the 13th, it would hold it's ground today.

soon!!!

What does this tell us that we don't already know? This article simply sums up the obvious and suggests nothing. Wsate of time reading it!!!

https://www.ig.com/en-ch/news-and-trade-ideas/shares-news/premier-foods-share-price--hat-to-expect-from-its-full-year-resu-190507

Saga had a Rights Issue? Not aware of that, when was it?

ideas?

but it seems to me you need to be more than a rocket scientist to work out how much lower than £1 we are going. There is definitely enough to suggest 90p ish. However, if we consider how many customers Centrica are loosing and there seems to be no cure for this ''disease'' any time soon, we can on that basis even suggest 80p.

sub £1 soon

when a stock does that, there is only one direction in which it heads!!!

On the subject of debt, we cannot rule out a refinancing and or a Rights Issue.

Does any one know what the all time low is ? I can remember it being 13.5p in 2015

The AA is not going to clear its debt by trading!!! Even 5 years after a deeply discounted Rights Issue, the debt will still be very high. The SP fell to 60p because of poor trading and at some point a RI would be called.

hence the fall?

when you take the current dividend away and the fact, this is not sustainable, this leaves us at possibly even sub 90p.

The CEO post has been available since November, no appointment some 5 months later says it all!!!
The fact Nissin haven't topped up further also suggests they don't care if someone else tries to have an influence on the company, hence Oasis and Paulson are ''effectively the CEO.''

In early 2018 it was confirmed Batchelors was available, like Ambrosia, it failed to fetch a decent price. Even if it was sold for a reasonable price, what effect would it have on the SP?
The only way the SP will rise is with a disposal that also triggers a ''bidding war'' resulting in someone paying £50 million odd more than the going rate. The only candidate for this is, Mr Kipling!!!

Reminds me of the AA, it went from 60p to £1.20 within a few months. I think we may see the same thing here, from 40p to 80p or 50p to £1, who knows?

this time sub 90p on cards

No chance!!! The purpose of Director buys is to demonstrate the company has the ''ammunition'' to get the SP back to 60p. Yes the SP will fall, but not to 10p, at worst 40p.

JP Morgan upgrades Saga, downgrades Direct Line
Alongside its upgrade of Hastings, JP Morgan lifted its rating on Saga PLC (LON:SAGA) to ‘neutral’ from ‘underweight’ as it believes the market is now aware of the challenges facing the company, suggesting a more balanced risk/reward.
Saga shares rose 5.6% to 60.2p

What has changed in the last 2 weeks?

Cannot believe people have compared it to Debenhams etc. It will reduce its dividend to zero of needed, but will emerge as a company in line with the environment it operates in. Not too different to what BT is today, remember the problems BT had? Can see a SP bottom of 80p, but a recovery to £1 quite quickly.