You are welcome Sheltie, your 700 target is lower end in here and highly possible as soon as international cruises start and good numbers for first half by September. Then saga will back to ftse250 and 1000p will come sometime next year.
Hope I am right, lol. Anyway, difficult to say target but this will keep going up.
Sheltie. This is it:” Saga (LON:SAGA) (I hold) - financing changes proposed. I see this positively in principle, moving riskier bank debt onto safer, longer-term (and covenant-free) bonds. This would also provide another £80m of cash headroom, which is already ample, per trading update last week. I remain firmly bullish on this share, with a personal price target of 1000p in due course, I explain my workings & rationale below.”
I am really enjoyed to read everyone’s post, hope saga keep us happy forever. Agree with you guys, the future looking good, anything from 700-1200p are possible. Just read a this from stockopedia:” Saga (LON:SAGA) (I hold) - financing changes proposed. I see this positively in principle, moving riskier bank debt onto safer, longer-term (and covenant-free) bonds. This would also provide another £80m of cash headroom, which is already ample, per trading update last week. I remain firmly bullish on this share, with a personal price target of 1000p in due course”
I didn’t check the full story, as I think must be same view as us.
Looking for another blue day today, why other travel shares looks quiet? There are a lot rumours positive to travels.
Maybe most of us already read this, moody’s review is good:” Moody's affirmed Saga's B1 rating, four notches off investment grade, following the announcement. The agency changed its outlook to stable from negative, saying Saga has strengthened its financial position and it expects a steadily improving profitability as travel resumes.
The GBP250 million bond will improve Saga's financial flexibility and enable it to handle downside scenarios, Moody's said.”
As the most comments today, when cruises really restarted the price will be a lot higher.
Thanks Banbury, I think it’s a good plan as travel and cruises still in I know for next 6-12 months. We have to pay that ship loan next year, so it’s better to get some money in the pocket. As least no another placing or right issue needed.
By the way, I think new bond also means no sell of tour any time soon.
Saga just confirmed that 50% capacity for trips before step4: “ On June 14, the government announced that the relaxation of social distancing laws and other Covid-19 restrictions had been delayed by a further four weeks. Obviously, this had an unavoidable effect on our upcoming cruises which are setting sail during that time.
Sadly, this means that in order to comply, we have been forced to reduce our on-board capacity by 50%. As I am sure you will appreciate, this is a difficult situation for us, as we know how much our guests are looking forward to cruising with us again. The fairest way to approach this situation, was to honour the bookings for the guests who booked first, until the ship reached 50% capacity.”
Banbury, good post. I agree with both of you. As everyone has reasons to support their target price. Your7-9 pounds is good enough for me, but 14 pounds from Alnwick and millionaire is possible if market see future growth of saga. Or market getting crazy. The share price may going down very deep if covid comeback again our cruises stop again.
So, I think better to judge it with own situation and risk level. We all try to invest not gamble in this market.
Anyway. Nice to see share price holding well in blood bath day. Have a nice weekend everyone!
Alnwick, what a good post! Also agree with millionaire who said the worst investment is buy a new car!
I think most people here agree saga share price may double every year in next couple years. But, what if this covid thing getting bad again in coming winter? And that’s why we still 400s not 1000s. I do wish share price go sky high as every holder. Let’s hope the best!
I was talking about buy a new car as made good profit here. But still just thinking about it. Said my start selling target price is 500p but I may hold it til a lot higher if things looking good. And highly agreed what if share price is a lot higher next year, then I may buy a RR, haha. Keep saying that I want buy a new car is because life was so bored since covid starts and not planning go for a holiday this year. Anyway, it’s nice to see saga keep going up. Wish we all make good money here. Gla
RE: Way too Premature to be Selling Here17 Jun 2021 18:22
Beachbum, that was a good choice to payoff the car loan. I will sell some to buy a new car, but still bit far away from my target price. Most of my holding was bought at around 16p old money, so I been waiting more than a year to double it. That why I am still waiting for around 500p. But. If things looking good, I will hold those shares to 600,700,800….. who knows. Anyway, you made a good choice. Gla