Member Info for Duggs999

MOEX (Russian stock market) opened up 16% and Polymetal Russian listing just opened up 20%. Going to be another volatile day!

https://www.soglos.com/business/51156/Julian-Dunkertons-Lucky-Onion-Group-to-sell-Gloucestershire-pubs

Investing.com reporting that Peel Hunt has upgraded Superdry from Add to Buy. may be the reason for the rise today.

Great post and info. Sadly the market isn't letting the actual facts spoil the good story of 'sell everything Covid related'.
On a technical basis the RSI is now at 28.6 (massively oversold). The last time it reached this level was in July and by August the SP rose 80p.

The much improved profit to be reported in January surely will drive the SP forward. Switched back into this at between 2.77 and 2.81 this morning. So oversold with no good reason it's unbelievable. The Covid lockdowns in Europe appear to be for non-vaccinated only so not very relevant to cruise at all IMO. GLA.

He bought 341K shares at £2.92 yesterday. So £1m spent. That is a huge confidence boost and surely a nice SP rise today.

Just switched into this as the falling knife is now close to the 200 Day moving average which I’m hoping will give very strong support to the price.. See a possible good rise from here if trading update is anywhere near as positive as one in May. Even the announcement of the actual date should be positive. Good luck all.

Short tracker now showing zero. If that is accurate Worldquant have closed their position.

Someone knows something. Volume was over double normal trades yesterday and it has triggered many bullish technicals.

2 week’s to go until the important update on the last 4 months performance. Other companies reporting big demand for formal wear due to wedding season and returns to office so fingers crossed here.

Interesting that SP has fallen back the equivalent of circa £100m of Market Cap in reaction to a potential delay in foreign holiday - cruises which may extend cash burn by a further say 2-3 months at a cash burn at the 'lower end' of £6-8m per months. Looks a bit much, especially as Uk cruises could offset that cash burn to some extent. 3 events impacting SP coming up - 1. Euro decision on vaccines tomorrow, 2. Boris announcement on holidays by the 5th of April and 3. Full year results on 7th. Hold tight!

What's stopping you selling existing shares at market price (16p) to free funds and then take up the offer at 12p???

£26m is a decent price all things considered - having paid £26.26m for it in 2015 (see below). The 1st of several non core disposals - care homes and holiday parts to follow just leaving big insurance and cruise. Nice intent to reduce debt with the proceeds. A clear, focussed strategy has got to be a good thing. GLA.

"Saga buys bike broker Bennetts for £26.26m - Insurance Agewww.insuranceage.co.uk
28 Jan 2015 - Saga buys bike broker Bennetts for £26.26m. Saga has bought motorbike broker Bennetts from BGL Group for £26.26m in cash. "

Can't see that anywhere - pls post a link.

https://www.fool.co.uk/investing/2020/02/01/why-i-rate-the-saga-share-price-as-a-buy/

Peel Hunt:

In view of the current 5-6x P/E and investors’ concern about Saga’s (Cruise ship-weighted) high leverage, this is the right debate to have with shareholders before full-year results. Trading is reassuring, profit guidance reiterated. Whilst Tour is under pressure, Insurance is stabilising and Cruise bookings are ahead of expectations. We’re positive on Saga’s long term prospects. Buy.

Numis Securities:

Overall we think this is a solid update that strengthens our positive view on the shares. Increasing signs of stability in the insurance business and positive data in cruise suggest reduced risk of covenant breach and supports our deleveraging projections. We maintain our high-conviction BUY rating.

Shares in Saga (SAGA) are up 7 per cent this morning on signs of greater stability in the insurance business. More customers are approaching the group directly, 57 per cent compared with 50 per cent in the year to January 31 2019. Retention was also up two percentage points to 75 per cent. Analyst Numis increased profit forecasts in response, and is now expecting adjusted pre-tax profits of £108m for the year, compared with £101m previously.

Price is now in major oversold territory. Unless trading statement is bad, expect a strong reversal.

H1 announcement in September was stable with full year estimate of 105m to 120m reiterated. November update on cruise performance was very good too, again consistent with the turnaround strategy being intact! Both cruise ship sales (SoD and SoA) are very good and we can check these ourselves by looking at the availability on Saga site.

So, if trading update shows performance has done a 360 since November the 4th update - then we can all be very surprised indeed.

Kernowlad, there is a very important trading update to be released very soon. This was released in December last year but in the 3 previous years it was released as follows:
Tuesday 12th Jan 2016; Wednesday 11th Jan 2017; Wed 16th Jan 2018.

My money is on either Tuesday 14th or Wednesday 15th for this year - let's see.