Member Info for Duggs999

Nope, fraid you got that wrong, have a re-read of the post. It is a 0.3p per day reduction in the 200 day moving average over the next 2 weeks. And it has done just that so far - was 52.4p on Monday, then 52.1p Tuesday, now 51.8p today. Not a Ouija board prediction by the way - just maths.

I have also posted that the price may steadily rise to its major resistance level at 58-60p and a good trading update will help push the SP through that resistance.

Trading update not published yet but it will appear on the company financial calendar pretty soon.

They said early January when contacted recently, so hopefully in the next 1-2 weeks.

https://uk.tradingview.com/symbols/LSE-SAGA/technicals

https://lse.swingtradebot.com/equities/SAGA:LSE

https://www.marketscreener.com/SAGA-16546285/charts/

Enjoy :)

OK, your opinion is fine - but let's see what happens next..........slownstupid

The 200 day simple moving average has been plummeting for SAGA and is now at about 52.4p. This will continue to go down at about 0.3p a day for the next 2 to 3 weeks. This is because the 200 day SMA still has a few weeks worth of SAGA price at over 110p included in the SMA (price from before the before April SP plunge).

This is significant as the 50 day SMA is at 50.7p. When the 50 day SMA rises above the 200 day SMA a golden cross will form:

The “cross” refers to two simple moving averages “crossing” over each other. A golden cross is considered a bullish sign; it occurs when the 50-day moving average rises above 200-day moving average. A death cross is considered a bearish sign; it occurs when the 50-day moving average drops below 200-day moving average.

DYOR and good luck all

Clean run all the way back up to 58/60 before major resistance. Then a +ve trading update in Jan needed to break through at that level.

https://www.fool.co.uk/investing/2019/12/22/3-reasons-why-i-think-the-saga-share-price-could-double-in-2020/

Harry, a H2 results improvement is almost a no brainer as they have Spirit of Discovery full 6 months profits to be included - and it has been formally announced it is sold out 2019/2020 versus planned sales.

Add the massive elephant in the room 'Marcus' savings collaboration with Goldman Sachs - then well - best of luck to any shorters!!

For info - Saga needs to be at position 225 or better based on market capital to get back into the FTSE 250.

The company at position 225 today has the market cap to be at £760m. So as SAGA is at circa £550m its share price would need to be about 68p to get back in. Then the automatic buying of the share by index tracking funds begins. GLA

Saga (LON:SAGA) had its price objective reduced by analysts at JPMorgan Chase & Co. from GBX 60 ($0.79) to GBX 55 ($0.72) in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the stock.

Trend shows this may have bottomed. Chart showing a 3 hammer reversal pattern after the downtrend. Bulls beating the bears again. 60p next......

After 22 'down' sessions, now the start of the same all the way back up???

Also, by the way - Short positions have been closed according to Short Interest Tracker -now down to only 0.55% short.

Totally agree. Trading update may well be a nice upside surprise in January with a full six months profit from the' sold out' versus target revenue from the Spirit of Discovery.
We will also get an idea of just how profitable the commission from the Marcus savings account collaboration with Goldman Sachs is.

05 December 2019, 13:50Source - SMW
UBS today reaffirms its neutral investment rating on Saga (LON:SAGA) and raised its price target to 46p (from 39p).

A small positive.

Here's the rise after holding resistance at 47p - 60p is next target :)

looks to be big support at 47p. If it holds then bounce to 60p expected.

One million shares just sold @ 52p (at 9.06am).

Could this have been holding the SP back to fill this big order I wonder.

Having made a quick 10% on Bab**** in the last week, sold up and put it back all into SAGA. Bought 270,000 shares at average of 51.7p (inclusive of stamp duty and dealing fees). So just about level at market close. Getting paid a few K (from previous holding )in SAGA dividend tomorrow which will also go back into SAGA when cleared.

Frustration was that it took from around 1pm to 4.20pm to actually buy the shares at a few grand at a time. No Liquidity!!

Now, I really believe this is a good buy because:

£52.6M profit already reported from first half results and £105m to £120m guidance reiterated for full year already.
2nd half will also include a full 6 month benefit from Spirit of Discovery; Goldman Sachs Marcus commission - which might be impressive; and also the SP upside of the new CEO announcement!

Saga's P/E is about 6.6 - that is really cheap unless it is believed the company will collapse.

What may be an interesting trading update could be as early as first week of December (as per 2017) or into early January (as per 2018).

Good luck all!

Indeed :)

Anyone know the next key resistance level to the upside where the price might stumble?

Thanks

1.3p per share on the 22nd Nov

20 Nov 2019
Half Year Results for the six months ending 30 September 2019

If positive, may give momentum to an upward trend in the SP and force some of the short sellers to close positions. Trading statement in September affirmed that trading was in line with previous guidance so hopefully only positive surprises.

1st half results stated in September: £52.6m profit and full year guidance unchanged at £105m to £120m.

Probable Factors/Differences between 1st half results and 2nd half results?

- 6 months of Spirit of Discovery profits and updated forward bookings data (so far so good, very good)
- 4 months of Fees/earnings from the 1.4% interest Marcus savings account offered in collaboration with Goldman Sachs launched this month (no idea what SAGA will make out of this but might be a nice earnings surprise and support increased future guidance)
- Upcoming (surely very soon) announcement of new CEO replacing Lance Batchelor at end of Jan 2020
- Developments regarding activist US investor Elliot and their influence on share price

As soon as the RNS starts flowing - hoping for an SP leg up from where we are now