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Now we know who is selling, but no idea why?
Banbury, thanks for those on Sunday morning. Looking for something Very interesting to come next week. Positive travel news plus positive result equal ???
I can’t believe that we are in red, is someone selling? I know we’re up nearly 7% yesterday. But can’t see any reason going down today. Hope pull back before close.
Thanks beachbum, I think only problem is will the covid under control in coming winter or not? Looking forward good TU and positive covid news. Gla
Just read news on sky: “ Saga was fined a combined total of £225,000 for instigating 157m emails between its services and personal finance arms that were sent using partner companies and affiliates.
Both Saga Services (£150,000) and Saga Personal Finance (£75,000) were issued with Enforcement Notices ordering them to stop any illegal direct marketing within 30 days or face court action.”
Looks saga been busy, haha.
https://www.google.co.uk/amp/s/news.sky.com/story/amp/we-buy-any-car-saga-and-sports-direct-fined-495k-for-sending-354-million-nuisance-messages-12408618
Yes, saga website shows 22nd.
Banbury, thanks for those research. Saga’s future is great if covid in control. The biggest gamble is coming winter, hope things getting better. Gla
Beachbum, I think travel stock rise from 15:30 was because of US market. All travels are following US market recently as no news and small vol, so European market just follows New York. Agree with you guys, nothing going to happens before interim on 22nd Sep.
I think because of low vol, no one really buys or sells, small amount trade make share price so volatile.
Agree with Banbury, I can see share price rise before half year result or any very good news.
Gla
Maybe a full year lockdown will help, haha
Saga share price currently follows other travel airline and cruise companies. There’s nothing to worry about, the market still unsure about delta variant as it’s getting worse in other countries. Also, most travel shares are low in summer and getting better in year end, just check the charts of 2019.
Hi guys, I am in holiday and internet is bad. It’s really surprised we still at 36x. Hope all blue days from now. Gla
Agree, yesterday was mad!
I have follow British bulls for couple month, they are Quite accurate on saga. But, we don’t need anyone telling us saga current share price is ‘buy’! It’s too cheap!
By the way, cruises doing well in US market again, should be a blue start tomorrow.
Beachbum, saga is a travel company from day one, added insurance made the brand even better. But the insurance business keep dropping in last five six years and it’s not easy to increase in near future. Those two new ships were saga’s new hope, but become big trouble when covid comes last year. And the tour, another big problem. So, I think the market is right, the near future of saga is depend on travel.
Rox, good luck! You may made a right decision, share price may drop more. I wish I sold some, but it’s too late. I will hold and try to ignore the current share price, it’s crazy! It’s may continue going down, it’s may stay at this level, it’s may back to 400, it’s may receive a bid…… anything is possible in this crazy market! I may sell at 250 to get my money back and pretend I never bought saga shares. Gla
Nicname, of course there were some people sold those 250k to this buyer. But the price was always much higher than offer price, so it’s a buy.
This person or ii/PE buy 250k on every down day! They didn’t buy in last two trading days as share price was flat. Interesting!
Rox, thanks for posting this. I do agree that most of us encourage people continue to hold, but I don’t think anyone holding saga shares because of other posts.
I start posting here only since three or four months ago, but I bought most of me holdings before RDH invested that 100m, most of my holdings bought around 16p old money. When I bought those shares my target was double the money at least, then up down and up again down again…still waiting…… I have asked myself many times what if I sold high and buy back low every time? I may make 500%! But, that is ‘if’, which doesn’t Exist in reality!
Saga is a good company for the share price, we made right choice, but all of us misjudged the covid, it always come back every time we think it’s over! Continue to hold saga or not it’s depend on when do you think covid will over? It’s a hard decision for now, it may getting very bad, also may getting better. I don’t know, maybe 50:50.
Hope will see new cases number peaks soon, when numbers coming down means the vaccine won, then whole world will fully open up.
Gla
Millionaire, it’s very encourage! Share price looks bottomed at just above 330p, Hope things will turn around next week. Saga will be fine for sure, just the market sell off all travel shares. Travel and cruise in US down again! We may have to wait Wall Street decide to forget covid. Gla and have nice weekend, enjoy the sunshine and BLUE sky!