Member Info for Batfasted

I think they would have to announce what the deal is and the seek shareholder approval before going ahead. Wouldn’t they?

Thank you Alnwick.

Hi Alnwick. What makes you think this man is buying?

I suppose it is fine to give employees the incentive of another 1% of our remaining wealth since the Company has done so well for its shareholders. I hope they have not lowered the £6 trigger for the incentive plan.

Hi Rogue

The highly conditional offer was at 33p in old money. This was before the rights issue and consolidation. So the offer price would have been 265 based on the number of shares now in issue .

Great post Alnwick. I started investing in Saga at about the same time as you and then kept topping up for years. I sold many other good shares to buy these as I always believed the recovery was coming. I was up by a fortune when the sp reached 456 but I am now down by a fortune. I hope you are right that this turning around.

Good observation Billzo. I hadn’t noticed that.

What is going on with this share? The BOD issue some vague reference to possible partnership agreements but we don’t know any more because they can’t reveal any details at this stage. So shareholders like us are kept in the dark while others like the man from the UAE are buying cheap shares.

How can this share be worth less now than at the depths of the pandemic before the 15:1 consolidation? Something is wrong and small shareholders should be given an explanation.

Billzo

Exactly. The trading statement does make an oblique reference to short term reduction in insurance due to rebalancing that business. It seems that this might be understated and some private investors have seen the update as purely positive. I think the update should have been clearer on this issue.

Luckin

Yes. The larger shareholders have read the update about rebalancing the insurance business resulting in reduced short term performance so they might expect another write down of goodwill. It is far too complicated for me so read it yourself and let me know your conclusions.

It was Investec downgraded from buy to hold and reduced price target.

Where is Banbury?

Does anybody know what all these purchases of 1 or 2 shares signify?

Rupans

Your cryptic clue is a reference to this article:

https://www.heraldscotland.com/news/24089523.ag-barr-names-euan-sutherland-new-chief-executive/

It is amazing how bloke keeps getting a new top job.

Thanks Poker for your explanation.

Yes. I know the last CFO is the new CEO. I was saying good riddance to the CFO before last.

Hi Rogue.

I thought we might hear more about possible partnerships and more about intentions of our new major shareholder. This is what we need to know.

Hi Poker. I know you are right about this bear retrace business. And you have said it previously. Please could you explain the significance of this SP behaviour? Thanks.

By the way, Good riddance to the old CEO and CFO.

Why the drop?

The SP will be up tomorrow because it was down today. This is the logic of this share.

Aspersions. You should now see that the failed and departed CEO was feathering his own nest at our expense. That is what Billzo has been telling you and I agree. No. we are not the same person but we agree that the CEO had to go and you are an argumentative idiot. I will not reply to you again.