Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Can they pull the same trick, call for more cash and consolidate the shares? Nothing would surprise me. Please note that the influence of RdH has not helped the general malaise. All in all, it’s a very badly run company which should be successful but isn’t.
Last point for now, beware a horrible result from the insurance side. I don’t think cruises/travel are the problem here.
Well said Billzo. When will reality dawn on the posters here. saga is in trouble, and the management is far more interested in their pay schemes than streamlining the business. So much for Sir Roger’s involvement. I really thought when it rose to 1.80 recently that the worst was over. Wrong. Back into the 140’s and I fear that it will drop to 1.00 in the next month or so. I hope not for everyone’s sake.
I followed diandto and got out a while back. There is no point criticing him/her just because the bullish view is falling flat on its face. I remember someone said they would “kitchen sink” if SP dropped below 190. Where are they now. Truth is, if these “massively undervalued” analyses were true, we would not be at 1.50 and falling fast. Don’t you think more powerful people than us have run a slide rule over Saga, and they concluded.... Sell. Suggest you do the same.
Problem is all the income is being attacked simultaneously. If insurance profits collapse, then saga is sunk. I am out now and won’t short, but can’t help feeling this is nearing the end. My sixth sense is that another RI is round the corner. Good luck to all, I just lost a modest sum, suggest you do the same if you can.
Sorry to say that under the current management Saga is going nowhere, we will be stuck sub 2.00 for a very long time. It needs a shake up desperately. I will not be adding at 1.50 or indeed any other figure. In fact I regret going back in at 1.60 and will sell into a rally to 1.80 should one appear.
I am very disappointed because I really hoped we had a big winner here. Particularly when Sir Roger bought in, but all my optimism has gone. A sad day.
Fwiw, have bought back in, 50% of my original holding. Will add the other 50 at 1.50 if that happens. Despite the shorting, my average is still over 2.00, but at least I can see daylight now. If it gets to a level where I can make a profit, I’m out for good.