The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The only reason the price is falling is simply the virus, I noted a couple of weeks back that it was out running the vaccine. We are due to fully open on the 19th I think that will be madness. Look at the numbers 26k yesterday we will have over 50k a day by the end of the month if we open up. It's ok to say deaths are not rising fast but even if the vaccine is 90% effective that is still going to be a lot of people in hospital. The country is on course for total disaster unless we lock down again. Travel and hospitality will bear the brunt as has been the case for the past 18 months. I sincerely hope I'm wrong but look at the numbers.
Agree it looks like a third wave 5k cases yesterday. Not sure when this nightmare will end. I sold a couple of days ago at 3.93 I hope for you guys the price holds up. However. My view, for what it's worth is that there will be a time to buy back in lower, I'm probably wrong but I think this virus is winning the race against the vaccine.
I'm not too sure why people still persist with the theory that every time the price falls it must be Setanta. The simple fact is the this fall is due to the uncertainty over the new variant. India recorded 4.500 deaths yesterday, I say recorded but the figure is probably many times higher. We have a news conference by Han**** at 5pm. The question is will he defer the June 21st opening, if he does further falls may be on the cards. I hope he gives it the go ahead then we will see a recovery.
I miss typed my price was 5.88 not 5.58
I'm starting to feel discremenated against none of my buys show in the trades. Just bought 106k at 5.58 I think that's a decent price.
GLA
I'm already in at 14p 22p then £2.70 and £3.98. the shares only form 20% of my portfolio. I only tend to buy recovery stock. Lloyds and Barclays make up a large chunk. Expecting good things this week as HSBC produced good numbers. I don't normally post on boards the only reason I posted about saga was because a friend had been reading all the posts and imo he over bought leaving himself really exposed. The thing is this is the only board I have ever seen with 100% positivity so I thought I might bring some balance. As I am sure you are aware there is no safe bet anything can happen from a new pandemic to economic meltdown. But barring these I'm sure we will be ok. I did of course stress to my friend that he should research and decide for himself if a share has value.
Ok, let's put this to bed. This is what I should have said in the first place. I thought saga were a poor investment before covid. I have been buying since because I believe they were over sold and my opinion is that they are a recovery stock. That's is simple my opinion, others will have a different view. I sincerely hope the SP reaches the levels predicted by others on this board. I'm not too sure why so many people took offence at my comments.
My simple observation was that people on this board did not own saga shares before the virus. I stand by that, unless you know of people on here who are sadly sitting on a heavy loss. Or maybe I am correct.
Olmsey,
Yes I know Elliott bought in at 35p that's £5.25 in new money so they are sitting on a paper loss. Anyone holding stock before covid need £6 to break even. I wasn't saying the company were trash I was mearly making the point that it wasn't great, I believe they are the words I used. I am aware they were trying to put things right. I bought in at the same price as Elliott 35p thinking they would make a bid. I took a small profit at 38p and like most on this board only looked at them as a recovery stock after they were over sold. I still believe they will recover and I am absolutely confident I will get my target price of £4.40/4.60.
No I didn't but the fact speak for themselves, my statement was that saga was not in great shape before the virus. Take a look at how the company fared before the virus. Then ask yourself how many people on this board owned shares in saga before covid. If I'm wrong and you considered it a great company 18months ago and had shares, then I stand corrected. My view is we are all into this company because we believe is to be over sold and are looking for the recovery.
GLA
Ok, but here is the kicker. We all think saga is a good recovery stock with major upside. So why would the financial experts at Setanta asset management want out? It would be interesting to know what they know.
GLA
I think you have covered all bases. If the share price falls it's down to Setanta. I really can't except this Setanta conspiracy. I would love to see the evidence that every time the SP falls it's down to them selling m