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300 this year is not 600 in 2027 as they are promising. OK I have lost some faith in this BOD and lost a lot of money and I am entitled to be annoyed about it.
I remember you from years ago. You always made constructive and interesting posts in those days.
The £2 party sounds a good idea to me. It would be nice to see you guys and have a few pints but the price of £2 is not a cause for celebration. I am looking forward to much higher but losing confidence in the CEO and his BOD.
I think the CEO has had enough time in the job and I am tired of hearing platitudes and promises that end up nowhere or worse. It is high time the CEO was ousted and somebody new installed to select a new Board of Directors who could instil a willingness to work to increase shareholder value. Not seen anything from this CEO or BOD.
The offer was 33P which is equivalent to 495 after the consolidation except that this is contentious because there was also a sort of rights issue just prior to consolidation and so pre and post consolidation are based on a different number of shares in issue.
The offer wasn’t put to shareholders as it was highly conditional and none of us know what those conditions were or whether they were reasonable.
The SP now is below 180 which is equivalent to 12P before the 15:1 consolidation. This was the price when we were in the depths of the pandemic having just taken on a large debt to pay for the new ships that were standing idle. Sir Roger sorted it out and the recovery is well underway. I don’t think any reasonable person would think that there is much risk of the price staying this low. Personally and in my humble opinion I think that the price suggested by the CEO of 600 by Sept 2028 should be easily achieved with the plans he has put in place.
Hey Salford. Must’ve been great in those days. I have only been to Old Trafford once but I was with Salford lads and so in the Scoreboard Paddock. It was in 1979/80. I only remember Gordon Mcqueen and he was the hard-case with missing front teeth.
Hey Alnwick
Haven’t you noticed that Diandto posts are always negative possibly trying to push the price down. Also when there is a spate of him posting, Billzo is also posting and encouraging his view.
I suspect a pair of short sellers or one poster with 2 identities.
Checkin. Thank you. It looks like we agree that the current traded bond prices do not signal any aspect of Saga share performance unless there was doubt about Saga’s financial stability with regard to servicing their debt. The current traded bond price moves with economic factors in the same way as interest rates move.
Checkin
Please stop publishing irrelevant info about bond prices. As you know bond prices are affected by interest rate movements or potential movements. It is only relevant to Saga performance if there was doubt about their ability to service bond repayments which is not the case.
Agas12: The buys and sells are not the same transaction. The Market Maker (MM) controls the buy and sell prices. Each transaction is either Buy From a MM or sell to a MM. So it seems the MM could keep a large float of shares and hence control the price to make more profit. There are many MMs and they are in competition with each other but there are very few trades in Saga shares.