Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Mate hope all is good, I've been a small PI for 23 or so years, I don't see anything peculiar in whats going on with Saga, last results were below expectations, this made people nervous and many sold out. Undoubtedly SAGA is currently a risky share, if next results disappoint we are into double digits for sure. However I feel the risk is currently factored into the price and the company is worth investing in, note I'm too old now to be a day trader so I know how well patience can be rewarded. As always if I'd held on I'd have got these for 15% less but I see the current depressed price as pretty unsurprising....investors currently feel there are better options elsewhere...this is one to tuck away IMO....GL!
Sorry guys I don't buy into any of them. The BOD stated recently that results will be in line with expectations, they don't need to constantly reassure everyone all the time. In fact I recommend people stop emailing and pestering IR and let them crack on with the job. Just because you have purchased shares in Saga on the basis you thought they were a "bargain" doesn't mean they will go up automatically, people just see better value elsewhere at the moment. The falling knife analogy is one of the most apt terms when investing in a plummeting share. If you are having sleepless nights then sell, crystalise a loss and move on. I'm in at �1.26, entirely comfortable with my position and will be adding more in the next few days, unless you are a skillful day trader i suggest you don't invest in equities to make a quick buck. Be patient. Good luck and great weekend to all.
I had been considering taking a position here but the latest trading update did not fill me with confidence at all. Things are far too risky and uncertain for this company, the wifi thing is a major gamble and I'm not sure it is one that will reap rewards. Could easily see �3 in the short term.
....and today it is heading north at a rate of knotts....don't think Warren Buffet will be losing any sleep with my decisions!! Have a great weekend....
Instinct telling me I’ll get £11.50....going to sit tight for a few days.....
I was certain the deal would go through, if an amateur like me thought this is how it would pan out then most of the market did too and most of the news was already in the price. 2.7% up at the moment (lovely bonus) and I am delighted with this and pleased that I held when it dipped back towards 2 quid. I'm with MakesMeWonder. I'm really looking forward to the future and see steady growth in the combined group and all of our shares in the months and years ahead, Cheers to everyone who kept the faith! Furry
Many Thanks for this FallingKnife. I think opening outlets at stations is a superb idea, rents will be high but football will be significant. As an individual who staggers home from time to time utilising a station I know I would be in the market for Greggs. The West Cornwall pasty places are overpriced and rubbish. I'll take your advice that �11.50 may be a little ambitious. I will have 2.5k free tomorrow morning and it will most likely be invested in Greggs (shares not the pies!) as I have wanted to add this co to my portfolio for some time. Thanks again for your response. Furry.
...if I can get in around �11.50.....Greggs are always busy....I see the biggest challenge ahead being that the number of new outlets openings may mean they saturate the market more than the amount of fat in their pies..... My personal favourite is the chicken slice....one isn't enough and 6 is one too many!
As stated yesterday I think this is a done deal. Share price up almost 2% and think Dave's confidence that this will sail through has so far been 100% accurate. I'm delighted (but will look a bit of a clown if Booker holders reject it) Onwards and upwards!
However this pans out it's all poor news for shareholders unfortunately, lose the case pay out, fight the case, pay out. A distraction we could do without. However think a lot of this info was already known so downside may already be baked into the price. Lets see!
I have a list of around 80 shares either in my portfolio or on watch.....Every single one of them is in the red at the moment apart from SAGA which is up....I would never have predicted that at 7am this morning!
Not bragging, I'm down quite a clip, so hardly called it right, I've been buying and selling shares for years and if Directors updated me every time my shares sunk or flew I'd be inundated (and probably quite jittery!) I see nothing to worry about unduly with SAGA and will invest furthern when I free up some cash....and for the record you can lose all your dosh in any share...big or small....equities carry a bigger risk for a bigger reward. Anyway only an opinion from an old timer....take it easy I think we'll be alright here!
...why anybody thinks the BOD needs to say anything, if there's no news to report then there's no news.... the shares are dipping because of recent poorer trading which we are all aware of together with market corrections these last few days. The main challenge as I see it is that some confidence has been lost by the brand, this risk is factored into the price, however don't rule out the (remote) possibility you may lose all of your money here.... I will be topping up as I'm confident things will pick up, however patience is needed, I bought my first tranche at �1.26 clearly far too early, however that's my fault not the BOD's....patience needed...if you can't wait, then sell and buy something else.