Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The rns Euan Sutherland bought 51k shares at 386p. Always nice to see CEO purchase. Gla
Looks setanta selling again, but no more rns as they already below 3%. Hope a rns for who bought those shares. A few more days high vol setanta should out. gla
Hi Banbury, sorry My last post wasn’t very clear, British sea allowed to restart from 17 May but max 50% capacity or no more than 1000 people which been announced and said may remove all restrictions from 21 Jun. So, we need confirmation one or two weeks before 21st Jun to allow our ships sail on whatever 80% or 100% capacity. We will be in trouble if this 50% restriction still applies after 21 Jun.
Hi Banbury, I am not sure saga will sail 100% capacity even gov allows it from 21st Jun. And I think 80% is good enough for now as saga may already charged extra to cover that 20% capacity. What I trying to say is, hope gov allows saga’s ships sail as planned from late June, and no more changes. Cheers
Looks we have to wait two important announcements in June. First a week before 21Jun, to allow cruise ships sail in full capacity. Second on 28Jun, most destinations in green list. Hope other countries speed up on vaccination in next two months. Gla
When we see blue finish everyday for more than two weeks, Setanta may gone. Lol.
By the way, I have feeling may have something interesting when Setanta out.
Millionaire, I do like your post, sometime the market doesn’t price a share base on ESP only. Saga or some ii has to boost the confidence of share price. Most investors know saga share price performance was very bad in last three years, that’s why they keep alway from saga now. We need the market focus on us again. Gla
I guess no one expected that saga finished 379p
Today, lol. Guess saga price will trading between 370-390 until some very good news to lift us above 400p. Hope within couple weeks. Gla
Looks she wants go up, but who knows. The share price movement was silly, few thousands buy or sell change 3p! Anyway, like to her finished above 400p. So my guess is 400.50p. GLA
Just find an article about uncross trade, if anyone interested:
“ An uncrossing trade will occur at the end of an auction’s call period if there is a match between the prices of both the bid side of the market and the ask side. It is the closing price for the auction on the LSE.
For example, if there is a price where both the seller and buyer can be satisfied, then the auction will disclose an indicative uncrossing price.
The indicative uncrossing price shows the price where the auction will uncross if there are no further orders or modifications to existing orders on the order book.”
And this is the link:
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
Also, I think this is a mixed news for us. At least gov allows cruises restart from 17May, but we have to wait another confirmation of no more restrict after 21Jun, then our ships are free to go sail. Just wait after wait.
I think that’s why saga decide to restart after 21Jun
Hi FJGooner,
My point was if you didn’t sold before 22Feb you may hold this for long term. But no one 100% sure this will go very well in long term. I agree with you that saga is a good company and RDH will help saga success again. But, what if this covid thing getting worse after this summer? All travels stop again? That will be another RI or takeover by someone very cheap.
Anyway, we need you here. We need different view on this board. Of course I wish saga sp keep going up from now as I am really heavy invested here.
Gla
FJGooner, thanks for reminding me that saga Tours division may still lose money until travel fully restart. But, I am worrying more on what if international cruises delays again as cruises division lost more money than tours.
I have followed your post for long time, I know you have spend a lot of time on saga. It’s really sad you sold your holding before 22Feb, but it’s your choice and too early to say you’re wrong. I am holding this since Feb last year, there are so many times I nearly sold my holding as well, it’s really painful to watch sp go up and down then up again down again.
I feel the market is bit silly now, no one really look into a company very deep. So, sp change a lot on any news. That’s why you missed that 30% rise late Feb, because what bojo said on 22Feb wasn’t worth that big rise. So, no one knows what’s next, anything between 200-600p is possible in next few month time.
By the way, ccl up 6% in US and Norwegian up 10% today, hope we will have a good day tomorrow.
Good luck to everyone, we all need it.
Beachbum, because US market open and travel stocks up, almost days UK market follows US market at 2:30, not only today.
There are nothing to worry about if you don’t plan to sell saga shares soon. Insurance is keeping good. Cruises will start June as planned for British sea only and there are sold out. Only problem is will international cruises restart from Aug? It’s very possible, still four months away. The reopen stocks always up and down in last one year. So, just wait for next rise and get out if had enough of this game. GLA
Banburyboy, agree with you, lower insurance doesn’t mean less profit for insurance companies. The insurance will go up next year if claims higher than expected, that’s how insurance industry making money. Only matter is how many policy sold. The market still focus on travel reopen, we may see good news in next two months, there are always good news months and bad news months. I think this will go on until this time next year.
All travel shares are waiting for the news, price go down on any bad news and go up on good news. US may against travel to 80% counties in the world and CDC still against cruises, so all bad news come from US. Hope some good news from Europe and hope bojo going to say something about travel later today. I know everyone’s feeling, above 4 pounds will looks much better, but really doesn’t matter if not selling just over 4 pounds. Let’s just waiting. Gla
Really wants to know who bought the shares Setanta sold? Setanta sold around 9% of total saga shares in last six months, why they selling slowly? No rns about who bought those 9%, must be all new holders holding less than 3% each. I just feel there is something going on we don’t know. Anyway, I just wait.
Icecool is right, rns is out, Setanta still selling, 2.9% to go. That may take long time