Member Info for Harrycash

So the RNS on Bayford indicates the CEO took a 2% holding plus a bit more for the wife. Bayford itself taking the balance up to near 6%. They spent close to 3m on the shares lets say at 22p average giving them 13m++ shares with full voting rights. The timing of Bayford and BR suggests an in-house deal on BR selling majority stake thereby not 'spooking' the markets.
All theory of course but the more I research this the more I'm convinced Bayford view FCRM as a good addition to they're many business's

Did more research on Bayford. Clearly their 'in front of the curve' and look how many gas stations they own thruout the UK. They know fossil fuels have a limited life span and within 10 years electric cars will be dominant. Using this theory FCRM fit the bill exactly to 1) install additional power facilities 2) install electric car charging facilities. Bayford have the 'forcourts' running to over a thousand and deals with all major players like Shell and BP already. The 'card payment' system they own and to expand this to electric cars is easily achieved.

Bayford looking at the future so FCRM to me appears a perfect, and cheap, fit for them. Remember these guys got out of coal when fossil fuel demand changed. This for me is their next step.

All theory of course but I will be buying FCRM shares on any dip and before July update. My guess is more RNS will appear and could be Bayford cut a deal with BR on the share 'dump'

Did more research on Bayford. Clearly their 'in front of the curve' and look how many gas stations they own thruout the UK. They know fossil fuels have a limited life span and within 10 years electric cars will be dominant. Using this theory FCRM fit the bill exactly to 1) install additional power facilities 2) install electric car charging facilities. Bayford have the 'forcourts' running to over a thousand and deals with all major players like Shell and BP already. The 'card payment' system they own and to expand this to electric cars is easily achieved.

Bayford looking at the future so FCRM to me appears a perfect, and cheap, fit for them. Remember these guys got out of coal when fossil fuel demand changed. This for me is their next step.

All theory of course but I will be buying FCRM shares on any dip and before July update. My guess is more RNS will appear and could be Bayford cut a deal with BR on the share 'dump'

One area that Bayford is involved appears to be 'top up' cards for most things. Theory of course but people in the future will need such a thing for charging electric cars etc. Could the theory run that Bayford see's that they're own property portfolio will be linked to FCRM in future years so getting in now is a reasonable risk/reward scenerio. I also disagree that Bayford are not interested in a possible takeover. Reading their 'business model" it appears FCRM may be a good fit albeit they may also see value at present SP values. Difficult to think they would throw that much money into buying 6% of FCRM without a 'plan' and they obviously know the company and management at FCRM.

All theory of course but would be nice to have a few weeks like the last.

Keeping the reduced divi was pointless. Ok they saved 50m but why bother rebasing it. Simple really it kept us lot 'on board then good ship Saga'. Better they dumped the divi and reduced debt. 4sure you ain't going to maintain debt levels and give money away. Senseless management decision but kept us believing.

The 'dumps' on the shares will result in an RNS on some major player getting out. Could argue once the 'overhang' is gone we might see a bounce but unlikely.

All theory but its like 'death by a thousand cuts' at the moment.

I really am not trying to convince anyone.here as to the merits of Saga. But my opinion remains that at present the company is garbage as far as investing goes and it would appear the markets agree hence were now sub 40p. I remember quoting a long time ago my 'stop' at 40p. Well thats gone so my 'stop' now is 30p but I will not be buying at that level happy to wait until the 19th.

On the matter of 'intangibles'. Look at the meaning of this word on Wikipedia et al. It means a value assigned to a 'brand' or a known 'entity' that has value. Really do we all think Saga now fits that description. I don't so my stance remains that at present these shares are garbage but I'm happy to be proved wrong.

All theory of course but jeeze we need to wake up. A 'dead duck' is a 'dead duck' however you look at it but like others here I'm miffed to lose money on this crap.

Sj1313

If you keep buying to average down then my view is its a bad idea. Wait till the 19th then do it but could be pretty expensive doing it before 19th.

No expert but intangibles are what they say they are. You can put any value you like to intangibles. Whilst business is good no one gives a hoot as to the 'percieved' on book value but when business is bad they get written down to what they're worth. In the case of Saga my view is their still 'booked' intangibles are all but worthless. If you can explain the worth of these intangibles then ok I will listen but 4sure the 'numbers' on this will be written down on the 19th.
All theory of course but the daily pain on the SP continues. If someone can see positives in Saga then I'm happy to listen but the quote on 'fundementals' being good is really way off the mark and pointless when referring to what is now Saga.

Simple reason the CEO is leaving is because the 'fundementals' are garbage and he knows this. Leave the sinking ship before it gets worse would be my opinion on this CEO

Not sure I fully agree on the theory that the latest RNS is all positive. BR 'dumping' significant number of shares asks the question WHY. Ok a new buyer is positive but BR are normally pretty sharp on possible negatives. I certainly hope not but caution is needed on FCRM at present. My guess is Bayford know far more than us and if their intention is an eventual takeover then were in the early phase. Obviously they see benefits in FCRM with their business model so lets hope no surprises in July.

Be careful the divi is not rebased then FCRM not that attractive on a risk/reward basis.

So Blackrock 'dumps' shares (5%++) and Bayford buys in for near 6%. 4sure there will be other RNS and lets hope Bayford know more than us. Hopefully we get a positive result.

Pokerchips.

I would like to be as positive as you on Saga but I've been doing this for many years and seldom have I blundered as I have buying into Saga. I've lost a few and one a few but normally I see the up's and down's of a SP as a good opportunity to either average down or take a profit. My mistake with Saga was believing in the 'brand'. Big mistake and now I'm taking the loss. Like to say Saga will come good but really only way out will be if a buyer appears. Unlikely so the SP will drift ever lower until we end up like Thomas Cook. At least they have assetts others will buy. Saga has nothing only debt and bloody off book intangibles that 'wipe out' and possible value.
Good luck to those still sailing the Saga boat hoping for the 'lifeboats'. Sadly they're not coming.

Death by a thousand cuts as far as the Saga SP goes. Have to wonder what 19th June will bring. My guess is more bad news. We will see maybe 'pigs can fly' and we get a nice surprise although the markets clearly think not.

Looks like most of the Board have purchased shares prior todays meeting. Hopefully not a 'false dawn' but certainly should give the market confidence. Lets see what today brings.

New CFO joining Just Group in January. Good news and this guy from LV so obviously experienced.

Quick answer. NEVER

Problem is you buy on a dip to say 30p but really whats the point if then they go to 1p. Selling now and buying on a share 'dump' ain't going to make you rich with Saga shares 4sure.
The comment on taking up any scrip issue is just a quick way to lose more money. If they do a scrip issue then what price. Lets take a guess. How about 15p. Likely 20p if your lucky and the delutive effect to any present holding would 'wipe' out any previous investment. Bad idea really.

Guessing update will be better than expected. They already stated booked 300m new business so maybe things have improved. Hope so and nice to see the uptick but still way short on the scrip issue of 80p. Still confused why RPC has them as 'top pick' at 170p??

Problem is they don't have a new CEO in place to take over Saga. Bit of a 'poisoned cup of wine' for anybody and now this CEO 'hops it' with his 'silver pension' already assured.
Can't be pessemistic or anything else on Saga. Just a very bad buy on my part and again I see no upside to the SP. My guess is they will 'tank' over the coming days and yrsterdays Morgan Stanley 'tie up' was just a smokescreen to deflect todays news on the CEO 'jumping ship'. In Saga case a bloody heavily indebted Cruise Ship.

Should of said "only negative to a CEO leaving'