Member Info for Harrycash

Eurofil. Hope your patience is rewarded. We would all like to see Saga 'bounce' continue but my guess is 'buyers' for the business are already 'circling'. Lets hope if this happens they pay a 'premium' to todays SP.

All theory of course and have a nice day

Eurofil. Hope your patience is rewarded. We would all like to see Saga 'bounce' continue but my guess is 'buyers' for the business are already 'circling'. Lets hope if this happens they pay a 'premium' to todays SP.

All theory of course and have a nice day

Eurofil.

Ok we will continue. Its not necessary to keep saying you brought 'at the bottom' of 32p or 33p. None of us know 4sure where the Saga SP will go. But we, that's all of us that hold shares, hope they will rise but you need to accept you've been 'averaging down' like the rest of us. So like me and others your 'not out of the woods' yet so be honest and admit it. Stop pretending your the 'stock picker' of the year.

You will see I called 'stop' prices of 50p then 40p months ago on Saga so I'm as disappointed as other shareholders that it went sub 40p but at least it was predicatable. Your using the logic of 'I cannot be wrong'. Sadly buying stocks is 'high risk' and you need to learn from mistakes made. It appears this is a lesson you still need to learn.

All theory of course and you have a nice day and stop being so 'angry' give yourself heart attack.

Eurofil. Have to tell you a secret. Thought you would 'block' me so very happy to see your response but disappointed it's not full of your usual childish nonsense.

Anyway happy your getting a bit of your money back on Saga and I really hope the SP continues to rise for all our benefit. As to your investing stratedgy. Your correct. I have no idea as to what you invest in but I've concluded that your not very good at it so would suggest you go to 'online poker' think you may have more luck and its really enjoyable and you may meet similar minded folks. You can play on the 'penny' tables so no risk of losing much more money.

Think you need to accept that 'stock' picking/buying is for adults who accept the 'risk/reward' so best you avoid it if you can because I'm guessing your not sleeping much with all the worry.

Have a nice day and I will refrain from calling you silly names. Your online use as a 'platform' to say crap demeans you so take a tip and stop doing it.

All theory of course but you have a nice day.

Eurofil.

Thanks for your post. Obviously I've upset you with my previously too harsh words. Apologies for that and so I don't disappoint 'other readers' let's move on as follows. And please remember you started the 'insults' ok.

It's clear that you, like most who post here have lost a lot of money on Saga. Problem is you just can't admit it and say that yesterday you 'brought heavily' Well good for you but I'm guessing this means your 'averaging down' gives you a 'break even' number between 60p to 80p. Lets guess you brought 100 shares yesterday, can't believe your loaded, so today your in front on that 'buy' for ten quid. Hardly anything to shout about but, hey ho, as they say a 'profit is a profit'. Lets also assume you have a total holding in Saga of 500, but probably a bit heavy for you, so lets say 350 shares total. On that basis your losing 350×60p/80p minus 100×32p. You do the math ok but your well 'in the toilet' with your 'smallholding'. Sorry about that, no pun intended.

In conclusion. Please, please take your losses on the 'chin' and move on like the rest of us try to do without picking a 'pissing contest' with someone you really don't know.

Sorry if I upset anyone but 'arses' really deserve a full and proper response.

As a footnote. I still hold some Saga shares and I really hope they continue to rise then I can sell them and not leave them to the grandkids.

All theory of course but good luck to all who still sail on the good ship Saga. Obviously eurofil is the exception to this statement but hey ho I don't hold a grudge.

Eurofil.

No need to be bitter and an arse just because you lost money on Saga and I guess a few other unwise buys. As you will have read kept a few shares in Saga. Just in case a bit like 'elephants flying'. Take your loses like a man, or woman, and stop slagging off others who post just because you don't like what's said. Open forum so grow a pair ok.

Have a nice day.

All theory of course and if I'm wrong on the good ship Saga. Hands up. If not we live to fight another day as long as the money dosen't run out.

Bit of a 'ramp' on SRB but guess good call on Gold highest for 5/6 years. Few to choose from undervalued but guess if Trump 'presses the button' the price will rise.

All theory of course but if its a winner then great

Fourier. Your kinda correct on the theory with Saga. Sold a lot of my holding recently in Saga, at a loss. Kept a few and as stated before will sell if the 'bounce' continues, likely still at a loss. Alternatively put them in a box for the grandkids when I'm dead. Not sure they will be impressed but never say never with stocks and shares. My guess is some VC will pick up Saga on the cheap but what do we know. Up to now most have been 100% wrong on Saga.

All theory of course but all do they're iwn thing. That way you can only blame yourself.

Certainly.hope so just worried will run out of cash soon if these crap investments keep tanking.

Jl5006.

So your here again. Bit painful this one and pretty crap investment going forward with Carnival warning on 'soft market'. If the market leader is suffering what chance Saga's 'mini cruise ships'.

Once again we get to the question of 'intangibles or goodwill'. In Saga case is what 'brand value' and was the reason I bought their shares. Now these 'perceived' values have bit them in the arse and continue to be written off. Smoke and mirrors that misleads investors and even the so called Professional Investors lose sight of 'true value' because of these accounting practices.

All theory of course but lets hope the 'dead cat bounce' continues and gives those still holding this crap the opportunity to 'dump' their shares and get a bit of money back.

See JPM reduced Saga to.80p. Hopeful 4sure

Ji5006. Calm down else you will have a heart attack. Ok your correct and sure there is 'perceived' value in any company but its just that hence it may or may not be a true value. My only question was - the 'intangibles' shown on FCRM accounts is 27m a huge rise on previous year. My own answer was - is this related to 'what' and your inference is it relates to Dumaris 'goodwill'. I question this value and asked is this the 'non cash item' referenced in their last statement on delayed financials. If so is this a possible.indicator of a writedown on this 'goodwill' or 'intangibles' whatever you want to call it. The truth is these 'terms' are used to indicate inflated company value be it true or not. Hence 'mirrors and smoke'

Anyway lets see whats comes. If I'm wrong I'm happy to concede and anyway all guesswork.

All theory of course but on another point I disagree. I'm reasonably confident that Bayford are 'in play' as far as FCRM are concerned but again wait and see.

Watch the blood pressure when responding ok I'm concerned for your health.

On a funny note I see Saga had a 'dead cat bounce' yesterday. Long may it last.

Dead cat bounce or you think solid bounce. Always happy to be wrong but time will tell but hope we can.all get a bit back, even you, but try not to be bitter. We should of all 'baled' at 60p not wait till the crap hits the fan as they say.

All theory of course and all make their own calls. If the bounce continues I for one will 'dump' what shares I have left in this crap.

Jl5006.

Close but wrong country.

Your theory on 'goodwill' is exactly the same argument as 'intangibles' argument. Basically a 'percieved' value attached to any business. Its just a 'number' that Accountants attache to a business if they want the 'asset value' to look good. Ok if Facebook or Starbucks there is great value in both 'goodwill' or 'intangibles' but really is Dumaris worth 27m. Hardly. Can call it what you want but these 'perceived' values just give false numbers. I ran my successful company for years and if my Accountant put this stuff on the 'books' he would have been shot.

How many trading statements are you now seeing with huge 'impairments' against goodwill and intangibles. Business is business. You make real money or you don't the rest is mostly 'smokescreens and mirrors' . You should know given you were in the accounting trade.

All theory of course but really FCRM ain't Facebook or Google so lets just stick to profit and loss and hope good numbers come out.

My last post was sent to Karv was meant for deos. Apologies

Karv1. You have my sympathy holding this many Saga shares. I still hold some but offloaded most, at a big loss. Question. Will they recover. Answer. Pretty unlikely to a point to get your money back. My guess would be to do a 'split'. Sell.50% and put the proceeds into something solid like Barc or Lloyds and possibly get some capital growth and decent divis. Remaining Saga holding hide in a dark cupboard and forget them. Maybe 5 or 6 years things will.change or they get taken over. Problem is in this scenerio we would likely only get 'pence in the pound'.

All theory of course but holding on aint going to work with Saga I'm afraid. Good luck

Jl5006

I do remember the Dumaris goodwill but is this explaining the 27m 'intangibles' number. To me its to high but easy to rightdown and not affect the ROCE. Just my thoughts. Correct or not we will see.

On the high volume low sells. Ok these guys make a bit but is it that simple looks seriously unbalanced and I'm still convinced BR 'dump' involved Bayford but only time will tell still looking for new RNS.

As for Saga. What more can I say other than what I've posted today. Lose a few win a few but Saga scenerio really pxxxxs me off.

Bit of luck FCRM will prove a winner. Bloody hope so getting bored wasting my inheritance.

Who was it said the price could go back to the opening price at the end of the day. Really are you serious. Ouch

Who was it said the price could go back to the opening price at the end of the day. Really are you serious. Ouch

Batfasted. I'm slightly confused by your last post. If Saga is a 'profit' machine as you suggest why oh why is the SP heading for 30p, and lower if the bad luck continues. I've heard about 'believing in fairies' but this pushes the bounds of reason. What is exactly that you think happened today - good news or bad news because I'm lost. Its like being on the 'good ship Saga' and all the life vests have been stolen.

All theory of course and apoligies for my 'rants' today but I'm seriously pxxxed off today and I'm on the other side of the globe so cannot go to the AGM and sort the bxxxxxds out who ran Saga into the proverbial ground but took they're few pieces of gold.

Woodstock. Your 100% correct the World economy is in decline problem is people like Trump et al tell us things are great. All smoke and mirrors and there is no such.thing as a free dinner. Credit cards, etc, have to be paid eventually and this is the main reason the travel sector, worldwide, is taking a hammering. Hence the most shorted sector in every trading index, again, worldwide. Just look at how many major airlines are now issuing profit warnings. And how many cut price airlines have gone bust. If Jet Airlines, the biggest in India can go they're all at risk. Its simple if people ain't flying they ain't on holiday. Just watch TUI in coming months. Another disaster waiting to happen.

Batfasted. You say Professional Investors know best and Saga undervalued. Are these the same arse's who said Carrillion, Interserve, Kier, Woodford Funds, etc etc etc were undervalued. They really have no more knowledge than the rest of us. Said before 72% of private investors like us lot lose money. I've lost a few and won a few but really we need to 'stop flogging a dead horse' with Saga. Its a 'loser' so better to dump the stock or put it in a 'dark place' and forget it. Averaging down in the.hope.it will bounce is behind us the only possible 'out' is some VC vulture buying the carcass of Saga for pennys on the pound.

All theory of course but today really pxxxed me off because these so called experts got it wrong again.