Member Info for Arun100

Anyone why there was a big jump today? No RNS or any news I have come across on a quick search. Thanks

Thanks for the quick response. I did top up a little as it seems to have been caught up in the crossfire and hasn't been in the 24's for a while Hopefully
no delays, all funded and your prediction comes to fruition! Good luck

Hi, does anyone know why the drop today? Is it just a wider market hit as I see AIM is down and some sectors have been hit more than others. I haven't come across any news and was wondering if this could be a good time for a little top up perhaps as we near production. I bought in close to 30p so am sitting on losses and wonder if it's right time to average down. I have held back as I was little concerned about earlier fund raising. Views welcome. GLA

True, the bounce should happen at some point so to me seems like a question of patience and worth as little punt. From what I have read worst case scenario is the company is charged and a big fine is issued paid from a rights issue which at these levels seems to be priced in. Maybe a further 15-20p drop which should be a great buying opportunity. Even then should bounce when uncertainty is removed and fundamentals are looked at. Just picked up another contract in Australia too. May not be the same company from a few years back but still way undervalued. GLA

I am not sure who would be able to raise that level of capital with all oil companies balance sheets reeling from last year. Oil is up which is definitely helpful and will help offset demand which is expected to be around 20% less with lockdowns, less flying etc.
I can't see the price moving much either way unless there is heavy shorting etc until vaccinations take off and lockdowns and restrictions start easing particularly across US and Europe. This will probably take 4-6 months and then we should have lift off. Definitely one to add on further dips imo and enjoy rewards in 12 months onwards and enjoy the Divi in the meantime. GLA

Well put. This share is certainly not for the faint hearted and with volatility due to the Reddit band, US stocks being close to all time highs, vaccine supply fallout, variant efficacy news etc who knows where this will go in the short term. Very disappointing week as I feel this share suffers from market falls more than most even solely travel companies with very little income and much higher cash burn. I was, like many here hoping for a better market reaction to the update especially with a strong week the previous week which seemed to suggest a change in sentiment. Who knows what MMs are doing with this in the short term.
I have been in and out of this share for past 6 months and should have made a few quid by now but instead have watched paper gains disappear rapidly..twice in fact. Panic sets in, you bail out to limit falls, you kick yourself for selling, buy at higher prices as they go up and then watch the same happen with a much reduced average. Ouch, sitting on a £2.80-85 average pretty big holding due to increased buying on way down and nursing paper losses. Not what one hopes when they buy shares.
This is definitely medium to long term hold and major benefits will be seen when cruises start and not a daily/weeklywatch imo. There are risks i.e delays in restarting, slower vaccine rollout, variants etc more cash burn than expected but the upside I believe outweighs them. We are not reliant on the whole of Europe getting vaccinated but with UK vaccinations speedily being rolled out and testing before travel backed by a decent medical team via their travel insurance then we should be good to go. You do start doubting your reasons for buying and human nature unfortunately takes over. We would all like to be sitting on immediate profits, patting ourselves on the back for having the skills to make the right call instead of seeing losses and wondering where the bottom is which is often reality with shares. GLA

GLA

Platinum Equity has registered their interest, not concrete offer according to Telegraph

This is by far my largest holding in my portfolio and I have been dipping in and out over a few months. I will be honest and say I have panicked with emergence of new variants but steadily bought back in especially with a firm trajectory last week and what seemed like a different company being backed by the bigger players. Thank you all for your posts and there are indeed some very insightful and knowledgeable individuals which have been quite balanced and not the low level exchanges I have come across on other boards.
For what it's worth my view is that the RNS was ok, nothing glamorous but an honest assessment of what is a challenging time for a company that relies on crusing for its profits to be meaningful and is fire fighting at present. Nobody expected the pandemic to stretch this far initially but with vaccine rollouts and improving treatments things will have to get to some normality perhaps in the second half of this year or early 2022 at the very latest. If not then there will be hardly any holiday companies operating, nor airlines, domestic travel and related companies e.g Rolls Royce, nor hospitality or leisure companies, oil companies, car manufacturers etc and if they do they will be substantially weakened with the amount of debt on board.
Saga represents a company with plenty of upside as it has a loyal base and future bookings are proof of that. With the insurance business ticking over at marginally improved rates and yes some cash burn on the cruise side it is in a much better position than most yet it's share price still lags behind tour operators, airlines, leisure and hospitality where in some cases prices are almost back to pre covid level. This has to be a 18 months-3 year outlook and what happens in the short term is anybody's guess with the volatility and vaccine rollout politics. Will Saga be around and in reasonable shape? Will cruises commence at some point? If so yes then hang on for the bumpy short term ride. GLA and DYOR