Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Morning everyone, please make your comments about the new bond from rns. Looking good to me.
Thanks FJGooner, the travel industry really need some good news for this summer. Hope we will see confirmation from gov soon.
Saga share price doing well recently, hope good news will send us above 500p.
Hi joe, I think market knew it since last Monday. Hope no more delay on 19July. Looking good and waiting for international cruises go ahead. Gla
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.”
https://travel.saga.co.uk/travel-updates/coronavirus-cruise-passengers.aspx
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
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
Yes, I saw 585p on HSBC investment as well. But the target price will rise again soon when travel fully restarted.
Beachbum, please sell another a third to test it if share price go up 10p again. Lol.
I was thinking about to sell some my holding, but decided to wait until 500p. You never know what is come next. Good luck!
The only reason to stop travel and other reopens is not enough people had two does of vaccine. So, another month or so they have to give people the freedom.
Agreed, that was a good news and more good news to follow. US and Europe open up, bojo will follow them as always. Bojo is a copycat since covid start last year always follow Europe to make decisions. Gla
Beachbum, I think the Original plan was insurance customer buy saga cruise or tour as everyone has different choice not everyone like cruise. And those tour and cruise highly likely to buy saga insurances, not just travel insurance. This was working well before everyone use internet and compare site, but time changed and it’s why saga income and share price keep going down in last five years. Travel may rebound in next two year, but what after? We still face the problem before covid. Hope management team will do something about it next year. Gla
Thanks joe, I do remember that when we were talk about 80% or 100% capacity. But no one knows the step 4 reopen delay. So, fingers crossed. Gla
Joe, sorry I didn’t anything mentioned large or small ships. They said: Domestic cruises can operate with up to 1,000 people or 50% capacity, whichever is lower. This capacity limit applies to passengers only.
So, I think up to 1000 people is for those big ships and 50% capacity is for small ships as saga ships. Please correct me, I really wish ours ships sailing 80% capacity.
Thanks
Beachbum, thanks for your comment, you know travel better than I do. I think the problems of tour part will not solved anytime soon. So, the cruise still is key for next 6-12months. The new plan for UK water( without Scotland) before 19Jul, how saga going to make more money base on 50% capacity? And the future international cruises, will go ahead as plan or more delay? Personally, I have lost confidence. The covid and this gov make things unpredictable.
Saga closed flat today is good, only easyjet and IAG closed flat in travel industry and they are not affected by reopen delay. Hope we stay above 400p in this week.
Gla
Thanks Banbury, Titan was for sell as they knew it wasn’t good. But, we all know that saga was start as a tour company, so I don’t really think RDH will sell tours completely. Looks they are bid on travel strong come back in next couple years, also they already burned too much money on tours in last 15 months, so they may wish to keep tours bit longer to selling at good price? Anyway, hope to see some more clear information soon.
For next couple days, look forward to see new cruises plan for those trips before 19Jul. Rns mentioned they have a plan but market need see it ASAP.
Gla
Banbury, thanks for your analysis. The question is do you see the tour will turn around any time soon? Looks RDH trying to save it but how? I don’t know much about saga’s tour and Titan, how did those tours so bad even before covid? Thanks
I think 7-9m since this Feb is reasonable, as travel restart they have to spend more for advertising. So, extra 1m per month is not bad.
Insurance doing okay no surprises. The new CEO from Tesco underwriting may helps in the future. Travel still is the key to turn saga around. If cruises capacity still max 50% for four more weeks saga will be face a bit lost on each trip. But I believe the most of those 30% people will book later cruises. So, four weeks delay reopen is not very important but future international cruises are important for saga. Let’s hope good news keep coming in this summer. GLA
Thanks beachbum, looks saga or RDH is put the bid on travel recovery. Let’s hope he is right.