Member Info for Harrycash

Ji

Hope so and we must assume any new CEO will have knowledge of the sectir. Be nice to see how the market reacts but do we have any idea when the asset sale will complete?

Ji

Any idea on the bounce so far today but is it their just oversold. No RNS so question remains. Why

I don't think so and obviously the markets think the same..

Well were in 2020 and Saga continues to decline. Without wanting to sound to negative, new year and all, but can anybody tell me why I'm still holding some of these crap shares.

All theory of course but please don't say the fundementals are good. They ain't.

Don't see much upside with FCRM until they appoint a decent CEO and get the asset sale completed. Removing the divi, for how long is anyones guess, just made the shares a bad hold for income as well as the confusing narrative on where the company is going. I've re-read the last statement a few times and really see little to get excited about given its much of the same.

All theory of course but this was one of my top picks for 2019 and that did'nt work out so lets hope 2020 proves more rewarding.

Is the rally in SP because Just Group will be listed in SP250 as against the Small Cap Index from Jan 2020. On this basis major brokers need to buy the stock??

Ji5006

Well thought out response to today's disappointment on the update. I said over recent days the divi was not 'set in stone' but having it deferred spooks the market but I fully understand the need prefer FCF and to sell assets to get FCF back to a sustainable level but again this update looks to be done without thinking how the markets will react. The caveat of 'maybe' being subject to regulators is also of concern. Its true that if this deal gets done they will be debt free but caution on future CAPEX strikes me as the main driver for this change to the business model of FCRM. Question on the price they got for this asset sale. Did they make a profit or is it revenue/profit lost??

Have to say that once again this looks like 'shuffling the chairs' as far as investors are concerned. Be nice if they thought things out before surprising the markets.

No mention of a new CEO which again may result in more chair shuffling.

All theory of course but disappointing Xmas present. As others have said we will now be range bound for months.

Sad to say put a new 'drop stop' on FCRM at 15p. Hard to see much upside after today's update, they appear to be getting nowhere with any plan and the asset sale looks like, as others have said, out of necessity not prudence.

All theory of course but was hoping for a xmas present. This ain't it.

Merry Christmas

Well that's a surprise to say the least. Suspended divi and posting an overal loss and once again a convoluted trading statement that involves the sale of assets(maybe). All very complicated and the lack of proper guidance is worrying. No sign of a CEO and not really surprising given the numbers which look like a 'snake pit' of ifs and buts.

All theory of course but sure others will have opinions

Obviously Motley Fool have more confidence than me. Should be good for a little bounce on Monday. Maybe?

Obviously Motley Fool have more confidence than me. Should be good for a little bounce on Monday. Maybe?

Ji

Hope so be nice xmas present if it moves the SP upwards as been range bound for most of the year. Got to figure they will only fly if dealers feel there's more upside given the present divi is attractive but obviously not set in stone

Duggs

Hope your correct. Time will tell.

No idea when the next update is can't find info anywhere but guess mid January.

My guess remains that the new CEO will throw everyone under the bus and scrap the divi to preserve FCF. Sensible to do and he can say no choice and blame past management. If it was me that's exactly what I would do.

Morbox

Think if I was in front on Saga I would sell pre xmas and use the money in other sectors. Travel and insurance is a dead end investment. Just to easy to compare prices and the sector has been cut to the bone. Think outfits like Directline and GoCompare just control the market in insurance and have the low cost base that Saga can't compete with. They also have solid FCF that Saga hasn't. Same scenerio with the cruise business. Saga can't compete with the major players.

Only positive would be a break up scenerio or a full takeover. Both unlikely but if happens the premium to the present SP would be low 4sure.

All theory of course but if I'm at break even on Saga, never gonna happen, I would cash out and put the money in a couple of banks paying 5%+ divi with good capital uptick once Brexit is done. Saga is really only for the brave and in my case, the dumb.

Ji5006

Guess new CEO already decided by the board. Any thoughts if Bayford or others are 'pulling the strings'. My guess is recent appointments tie in with 'car charging' stations that most forcourts will need to be offering both now and upscaled in the future. Logical that major supermarkets will follow in time with metered charge points. For me this is the link to Bayford who already operate a forcourt card system throughout the UK.

All theory of course but hopefully any update has no hidden nasties

Ji5006

Did I miss the RNS or is it not out yet.

This share looks vunerable to Regulators as noted by others. Look a decent company with growth from add ons giving rise to a high PE. Will wait until new year to see if any new regs affect the SP.

Not much chance of that then. If Saga SP only got to 55p that would be a xmas present but thats unlikely as well. Post xmas update will be telling I'm sure. Any bets on good or bad news?? My money is on bad news with the new CEO getting the negatives out of the way given he can say its not his fault, which is correct.

All theory of course and a merry xmas now Corbyn and his commies are gone. Almost

Add to the problems at Saga J P Morgan reduced their guidance on the SP today. Hardly a recommendation.