Member Info for Duggs999

They said the following in the June trading update:
19 June 2019

Saga plc

("Saga" or "the Group")

AGM Trading Update

Saga plc, the UK's specialist in products and services for people aged 50 and over, announces a trading update for the period from 1 February to 18 June 2019.

The Group is making progress in the implementation of the strategy announced in April despite challenging trading conditions in both insurance and travel markets. Trading for the period is broadly in line with expectations with good early progress in the launch of the new insurance products, although Tour Operations is being impacted by current political uncertainties.
So 'broadly in line with expectations' for 4.5 months out of the 6 months to be reported on in September - already announced. Hopefully those last 6 weeks will play out the same message and stabilise the SP. We'll see.

Thursday 19 September 2019 : Interim results for the six months ending 31 July 2019

Market Maker filling large institutional order - two 500K share orders filled and more to come? Price now getting closer to more normal level. risen from 42.6p to 45p in 30 minutes......

Someone just bought 500,000 shares at 43.6p. Still sliding though.

Yes, hoping for good news about higher than expected output from Kyzyl - then broker upgrades to follow.

Yes sasa - very good point!

There is also another significant 'potential' on the horizon. Further share price and market capitalisation growth would result in Polymetal promotion from the FTSE 250 to the FTSE 100:

"A stock will be promoted into the FTSE100 at the quarterly review if it rises to 90th position, or above (by market capitalisation).
A stock will be removed from the FTSE100 at the quarterly review if it falls to 111th position, or below (by market capitalisation)."

Today Polymetal is currently sat at 102nd with a market capital of circa £4.1Billion. Position 90 has a capitalisation of £4.5Billion. So a share price rise for Polymetal to around £9.60 (10%) could do the trick.

The next FTSE review happens in March so let's see if good results on the 31st of Jan spark further upside......

Pros
1. Consistently beats production targets
2. Solid long term gold mining assets
3. Rising gold price
4. Weak Ruble / Dollar = lower all in sustaining cash costs per ounce of gold
5. Consistently growing dividend and EPS
6. Low P/E ratio versus other gold shares
7. Gold = safe haven for stock market crash

Cons
1. Possible stronger Dollar with US interest rate rises
2. Continuation of risk on stock market rises
3. Political instability in region?