Member Info for Alnwick

We must be going to get GOOD NEWS in September.

Travel shares are Booming !!!!

An index of European travel and leisure stocks has risen 33% over the last year, beating even market favourites like luxury and defence and racing over 23 percentage points ahead of the broader market.

The index has fallen slightly from its May peaks, but is still one of the best performers this year, thanks to sharper price increases in items like airline tickets and hotel rates as COVID-19 curbs were phased out ahead of the summer holidays.

"For many people, the pandemic is now over, and this is time now for travelling far from home," said Corinne Martin, fund manager at Ofi Invest in Paris.

Airlines, cruise operators and hotel owners have been key beneficiaries, but so have aircraft and engine-makers. The recovery in long-haul flying helped Rolls-Royce lift its full-year forecasts, sending its shares up over 20% on Wednesday.

I hope you didn’t work for Coutt’s!

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I completely agree with your post.

I would add the PE differential is totally crazy !

CARD. 7.1

MOON 21.6

I sold MOON and bought more CARD.

Best Wishes

A strange trading day today.

4x the average daily volume with a large proportion of buys.

I wonder if we have news of the Underwriting sale pending !!??

Best Wishes

Buglet ,

Saga shares fell 93.49 % under Batchelor !!!!!

That’s wealth Destruction.

Rule 7: Payment of interest

i

You account to clients or third parties for a fair sum of interest on any client money held by you on their behalf.

You may by a written agreement come to a different arrangement with the client or the third party for whom the money is held as to the payment of interest, but you must provide sufficient information to enable them to give informed consent.

Client accounts

A client account is a practice’s account used for holding client money. It must:

be a bank or building society account

be held at a branch or head office in England or Wales

include the name of the relevant law firm or sole practitioner in the name of the account

include the word ‘client’ in the name of the account

A firm may have a separate designated account for a single client, or a general account that it uses for more than one client.

Law Firms do not make a penny on deposits in Client Accounts. It’s against the Law.

I know this as I have a law firm !

Hi Billzo,

Good post !

However we can’t place blame on the incumbent directors for the 3 year fixed price.

It was the last throw of the dice for the real failure in this business. Lance Batchelor !

Under his tenure March 2014 to February 2020

SAGA shares fell from ;

£30.40 To £1.98 DOWN 93.49%. !!!!!!

( based on 15-1 Consolidation)

Not only did the new management team inherit this mess they then had to pick up the pieces and rebuild confidence in the company.

Then came the triple whammy. COVID , WAR and INFLATION.

I’m surprised SAGA survived !

I like quite a few of the new products and marketing initiatives. What they have to do is sell the underwriting business.

We all know Travel and Cruise is Sailing !!

September should be Good News.

Best Wishes

Delighted with a very good performance last year.

The Debt to Profit ratio has fallen sharply and the integration of recent acquisitions is proving to be very successful.

Knights share price was £4.50 18 months ago

The current price is £0.68p !!!

I’m buying more.

Best Wishes

SAGA Market Cap is currently £200M

Pre share consolidation 15-1 SAGA share price 8.6P !!!

This is not a Summer SALE its ridiculously cheap.

September interims have to be positive on Cruise and Travel and an Underwriting Sale must be imminent.

We are Sailing !!!

PS

I’m still wearing a life jacket.

The markets are Mooning MOON !!

Make Hay while the Moon shines but this won’t end well !

£168,000,000 of Debt and interest rates are still rising

Funding Grow by acquisitions and net profit has fallen.

P/E is 24 !

2nd largest shorted stock on the U.K. market.

The shorts are hurting and buying back positions.

Be careful you don’t get MOONSTRUCK !!!!

Best Wishes

Cruising is a relatively slow way to travel !

Patience and a few good books can help.

SAGA will move aggressively when confidence in the company is restored and the market believes in its future prospects.

We know Cruise and Travel are performing well. Company confirmed at AGM.

We need the underwriting business sold and Insurance recovery to continue.

September interims will hopefully deliver on both !!

Best Wishes

I think todays figures for MOON are disappointing.

They are spending heavily to grow and making less profits !!

Take a look at the comparison to CARD;

MOON CARD

Sales. £320.1M. £463.4M

EBITDA. £84.2M. £112.0M

Net Profit £34.9M. £63.8M

P/E 24.3 6.8

MC. £518.3M £312M

I’m now out of MOON and into CARD

Best Wishes

Moon results

Increase in turnover

Increase in Overheads

Fall in Profits

Shares UP !!

Moon P/E is 24.3

CARD P/E is 6.9

My money is going into CARD

Yet another Cruise company reports record bookings.

"Royal Caribbean reported that the occupancy rate across its cruise lines averaged 102.1% during the first quarter of 2023, up from 57.4% in early 2022." - WSJ

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RC are so busy 2.1% of their customers sleep on the Deck !!!!

Carnival INCREASES 2023 Outlook.

For the full year 2023, the company expects:

Adjusted EBITDA of $4.10 billion to $4.25 billion, above March guidance's range and with a midpoint increase of $175 millionIncludes approximately $0.5 billion unfavorable impact from fuel price and currency compared to 2019Continued sequential improvement in each quarter in adjusted EBITDA per ALBD as compared to 2019, driven by maintaining net per diems above 2019 levels while closing the gap in occupancy to 2019 levels (see "Non-GAAP Financial Measures" below)Occupancy of 100% or higherNet per diems of 5.5% to 6.5% (in constant currency) two and a half points higher than March guidance, based on the acceleration of its strong demand profileAdjusted cruise costs excluding fuel per ALBD (in constant currency) one and a half points higher than March guidance, due to a slower expected ramp down in inflationary pressures than previously estimated, incentive compensation increases reflecting expected improvements in the company's current and long-term performance and continued increases in advertising investments

For the third quarter of 2023, the company expects:

Adjusted EBITDA of $2.05 billion to $2.15 billion, a significant improvement compared to the second quarter of 2023 and adjusted net income of $0.95 billion to $1.05 billionOccupancy of 107% or higher

Cruise and Travel Is a Good sector to be in.

Having reflected on the AGM Trading Update.

( The most Positive update in 4 years!)

I think SAGA is finally beginning to perform in a booming Travel and Cruise sector and has very strong retention in Insurance of 85%. The margin in all Insurance companies is being squeezed and SAGA are still achieving an average of £56 per policy with 1 Million policies in issue.

SAGA has fallen out of favour with the market and it will take some time to repair the damage but trading on a current forward earnings multiple of 5 and a healthy order book the future is finally beginning to look brighter.

Just for interest Admiral trades on a historic P/E of 17

I think this is as positive as SAGA have been in 4 years !!

CRUISE up 7% on last year

Load factor 80%+

On track to deliver £40m EBITDA Per Ship

Ocean Cruise 2024/25 bookings strongest on record

TRAVEL up 37% and on track to make a profit

INSURANCE retention 85%

Sales down 7%

Margin per policy £56

CASH in bank £149.5M

£15.8M of Ship debt repaid.

We are SAILING !!!

SAGA is up 20% in June.

The AGM is going to be very interesting and I’m hoping for some “Positive News!”

Travel is Booming

Best Wishes

We must be going to get Good News on Travel and Cruise at the AGM.

The 3 largest Cruise operators in the World;

Royal Caribbean are up 94% YTD

Carnival are up 90% YTD

Norwegian Cruise are up 58% YTD

SAGA ARE DOWN 41% YTD !!!!