Member Info for Batfasted

https://uk.finance.yahoo.com/news/why-m-planning-buy-saga-095937285.html?guccounter=1

Fto99:
To break even one would need to sell pre-consolidation shares for 15x original price. 15x 18.5 = 277.5.
However, due to there being new shares issued at the same time, the share value is diluted. So on this basis, the value is only 8.12x original price. 8.12x 18.5 = 150.22.

I thought today was going to be a big day for Saga SP with the introduction of new freedoms for international travel. I feel deflated that the SP has dropped. What is the next date to which we should look forward?

Millionaire: why do you have to stay within 20%?

Hi Joe, Rox et al.
Are you expecting an increase in SP with the final results on 07 April? That is what I have been thinking and so I have been loading up with more shares. I hope I haven’t overdone it.

Hi Banbury
The table shows 9 Companies with MCap lower than £650M and 3 Companies with MCap lower than £600M. Of course this situation might change before the review date but I think Saga should have a chance of entry into FT250 if the SP reaches 429 by the end of May. It may then be more attractive for institutions.

Hi Banbury
I looked at this table and ordered it by MCap.
https://www.londonstockexchange.com/indices/ftse-250/constituents/table?page=13
The lowest MCap may well drop out and next review so I guessed £600M would do it.

Hi Banbury
I think MCap of £600M should get Saga into FT250 at end of May. This equates to SP of 429P.

Hi Banbury
I think MCap of about £600M should get Saga into FT250 at end of May. This equates to SP of 429.

I think the constituents of the FT250 are reviewed every quarter and next review should be end of May. I think that Saga may enter the FT250 if the MCap is greater than about 600M. This equates to about SP= 429.
Please note I don’t know whether any of above is correct but have tried to work this out using Google.

Hi Rox
I haven’t been keeping up-to-date with the chat but have just read through it. I see you are with interactive investor from where you can obtain a tax certificate that is approved by HMRC. All the hard work is done for you. Please see this link: https://help.ii.co.uk/system/templates/selfservice/ii/help/customer/locale/en-GB/portal/402800000001013/content/Auth-4627/Consolidated-Tax-Certificate-CTC-Useful-Information

Thanks Banbury and Pianista.
Great info from both of you.
I have been on a few cruises with the wife over the years but personally, I would be very reluctant to go on another this year and possibly next year. In the end, of course, I will have to do as I am told by the wife. She likes your idea of cruising without stopping at ports.

Hi Pianista and Banbury and all
I think we are expecting the final results in early April. Do you think we are expecting a good profit announcement and a bump up in the share price?

A frog walks into a bank and approaches the teller whose name plate says Patricia Whack. “I’d like to get a £50,000 loan to take a vacation.”
Patty looks at the frog in disbelief and then asks his name. “kermit Jagger. My father is Mick Jagger. It will be fine to authorise the loan, I know your manager.”

Patty then explains that he will still need to secure the loan with some collateral. “sure, how about this” said Kermit as he produces a tiny porcelain elephant, about an inch tall, bright pink but perfectly formed.

Confused patty explains she’ll need to consult with the bank manager and disappears. Patty walks into the managers office and proceeds to tell her “theres a frog called Kermit Jagger out there who claims to know you and he wants to borrow £50,000 and he wants to use this as collateral”. Patty holds up the pink elephant,......”i mean what in the world is this?”
The bank manager looks back at her and says...... “its a Knick-knack, Patty Whack. Give the frog a loan. His old man’s a rolling stone

My son nicknamed me Batfasted when he was a teenager over 20 years ago. He said I was the Battest Fasted that he knew. I replied that I am not Bat but am a Fasted especially as I have cancelled your pocket money for the next month.

Hi Rox
If an investor bought 1500 shares for 15P before consolidation, he would now only have 100 shares. For how much would he need to sell them in order to break even?
I think the answer is £2.25 (ie 15 x old price).
So it depends on what question is being asked whether 15x or 8.12x is the answer.

Rox
My post of 25th October 2020 repeated below:

“TheFarEnd is correct IMHO in dispelling the myth that the offer price was related to 15 x 33 = 495. I am grateful for his intervention which makes me (and probably many others) understand this much better. However I think that Pianista is also correct in saying that the £140m (£1 per share) should also play a part in this analysis. So I am taking from this that the offer price was equivalent to between £2.66 and £3.66 per share (not £4.95) based on today’s consolidated shares. There are all sorts of other factors that one could consider but some are imponderable.”

Why have you repeated yourself many times over months in your inimitable didactic manner about this simple calculation? In any case Pokerchips had already agreed.

I hope this link helps to clarify.
https://www.bmj.com/content/371/bmj.m4826

Phenry
According to the BMJ, Pfizer vaccine efficacy was 52% after first dose and 95% after second dose.
It would be wise to wait for the second dose given 12 weeks after the first and therefore approx Easter.

I thought we were expecting the share price to boom with this announcement. I am a bit surprised at the only small movement.