Member Info for carrisi

"Saga has reported a strong AGM update with continued momentum, notwithstanding the conflict in the Middle East. It "remains on track to deliver its full year guidance" and we note that the most operationally geared business - Ocean Cruise - is trading ahead of expectations. For this reason we increase our previous assumption for Ocean per diem in FY27, resulting in a 13% PBT upgrade. Overall, the update is consistent with the resilience of Saga's customer base reflected in high repeat bookings and excellent customer satisfaction scores. We reiterate a BUY rating" - price target upped from 600p to 795p

Yes mate. Building a position, but not overpaying. Investing in the grey pound! No point passing on your pension anymore!

Been looking to top these up at around 550p. Thought I was too late. Imagine my surprise when I saw them down 8% this morning on what seemed like a solid update. Bought a load for my ISA at 547p at 09:41. Forgot about them until 11am and then saw them at 650p. What on earth is going on?

Thanks for the profits though :)

Erm. It the. Its BTC holdings grew £14m in value (over cost) over the last 3 months. Multiply that for a full year and you get a PE. And it’s not expensive at all.

For the traditionalists…

£14m profit per quarter just achieved. Makes £56m/year. Puts it on a PE ratio of 11.2x (15.7x fully diluted). If you think Bitcoin will only CAGR at 10-15% a year then it’s fairly valued and fair enough. But historically BTC has compounded at 50-100%.

I bought at 43p in May. It now has over 43p per share NAV. And that’s with only a 10% increase in BTC price. That’s why you pay a premium.

By all accounts the container market and dry bulk markets are going gangbusters. And with a fixed cost base, it should see a massive bump. 16 June RNS stated new contracts yielding 20%!! Enough said.