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Is there a reason for todays rise in the SP or is it simply a 'dead cats' bounce. Obviously after recent drops it a welcome reprieve but difficult to see it as anything other than 'bottom feeders' seeing some upside. The 'shorts' out there have had a field day recently with anything involved in the travel sector. See no reason to be positive on Saga until they clear out the present management. This may happen sooner than we think if the major players have a say.

All theory of course but major shareholders have taken a real bashing on travel stocks so guessing the 'knives' are out for poor management.

There was a 7.5million 'dump' disclosed late yesterday on two trades. Both below my 24p 'stop'. On that basis as to why we would have a mini bounce this morning with that many shares in the market as I don't.see any re-buys on those volumes. Maybe I'm being cynical but have to believe there are major players who already know what's coming.

Question. Whats the normal daily volume trades on FCRM. Yesterday was 8.7million

As it stands FCRM divi is over 8% and cover is good at 1.8. Another problem is they may re-base this if cash flow is becoming a problem with the Capex spend.

All theory.of course but my nervousness means I'm on a new 'stop' of 21p. They were sub 20p a few years back lets hope this is not repeated in the coming weeks

Just a thought. Right or wrong no matter but the recent 'dump' on FCRM SP has to have a reason.

Any CFO leaving a company.spooks the market and the reaction to this CFO going shows that as fact. Some say maybe 'pushed' but my theory is the CFO has either made a mistake, historically, or has found something serious in the accounts and is leaving before it hits the headlines. CFO are normally pretty sharp people so my guess remains that we may have some 'disclosure' issues in the next update.

All theory of course but I'm really perplexed by the continued SP slide.

With Brexit being used by some in the travel industry for the'yre woes my view is that people just don't have the money for expensive holidays. Saga core market is the older generation but their habits are changing also and comparison websites have destroyed the 'old' model of bookings and cut margins to the bone. This includes the insurance market.
With Saga its an old bricks and mortar business thats been badly managed. Given they really have no idea how to turn the business around our only 'get out of jail' card is a buy out. Big question. Who would buy Saga and at what price.

I remember the last time they tried to reassure the market on SP falls. It kept falling and ain't stopped since.

RPC put a reduced price on Just Group at 170p (190) with a top pick quote. Am I missing something here???

Unless there exists some pretty dire news on FCRM its hard to justify the SP drop. If they rebase the divi then that maybe a factor but no indication on that unless they issue a direct profit warning.
Capex is likely in focus based on the drawdown indicated on last update. If that increases again will spook the market but to grow they need to increase Capex so a normal business cycle.
All theory of course but my new 'stop' at 24p+ looks at risk.

It seems my 'stop' at 40p gets ever closer. Really nothing to support the SP all bad news in the sector with Ryanair giving a warning today. Thomas Cook also shows how bad the sector is and if the'yre valued at a 1p what value Saga. Sadly I think possibly the same. Without some positives see only downside for a year and then if, a big if, Saga can improve you may see some gains. Now divi out of the way those hanging around 'jumped ship'
All theory of course

Nice article in Mail on Sunday. Apparently Citi who said TCG shares were now worthless. This based on debt to assett ratio. Is the main broker for Fosun the Japanese company that holds 18%++ of TCG. Could this be a ploy to get Fosun control of TCG on the cheap. As it stands Fosun could increase the'yre holding and buy TCG on the cheap. You have wonder who purchased millions of TCG shares at close disclosures on Friday.
All theory of course but to me Citi statement was totally ott. Sure TCG is in trouble but it has assetts and a brand name. Unfortunarely Citi looked to unfairly, in my opinion, destroy the brand name. Difficult to justify a 28p SP from one broker and zero from another. Monday could go either way. Guess is 5p then possible bounce. Only time will tell but can't see Lenders or Bondholders allowing what could be a blatant 'take out' of TCG on the cheap.

Lots of 'chunky' buys but a lot of 'chunky' sells also so unsure if this is a blatant 'ramping' or 'dumping' action by a major holder. See what Monday brings but hope not as painful as Friday and recent days. If this continues to the next update we could be in trouble.
All theory but 4sure something is going on by those that clearly know more than us.

Have an idea the bad news could be around the Smart Metre business that FCRM recently got involved with as an 'accredited installer'. If you look at SSE they announced big layoffs in their Smart Meter division as the uptake by the public to have these metres installed had collapsed.
All theory of course but could be FCRM is suffering in this new segment of the'yre business

Sad to see my 27p 'stop' breached this morning. Bit surprised and now wondering what's driving the SP so low. Someone out there knows something the rest of us don't. Got to guess next update is bad news given this total lack of support.
Next 'stop' on SP is now 24.3p but not convinced I will rebuy at that could just keep falling.
All theory of course but looks like the low volume selling is being done at any price they can get on what is a loosely traded stock on AIM

Pretty dire numbers. Selling the.airlines is not going to fix the problem. Just a slow death on my 'stop' of 12p looks likely to happen sooner rather than later. Hope not but see no upside at the moment.

Good job you got out. Todays numbers pretty dire and decline in business suggests those that left knew the recent cap raise was going to impact the bottom line dramatically. Just Group unless taken over appears to have little upside with new business decline only worsening the problems. With 30m extra interest per annum how do they cover this.
All theory of course but how Shore Capital can today maintain 'buy' on the stock is bewildering

Blimey. Some one upset you other than the FCRM sp. Stress really is a killer.
Got to figure my 'stop' of 27p is under pressure. Question is WHY??

Have to hope that any June update will be positive and give the SP a bit of a lift.. need to look at major shareholders now and up to June see if any increase or decrease on holdings.
By comparison Vod announces 6++ billion loss and cuts divi but SP rises, albeit not by much but shows little logic in the market. Problem is FCRM is a little traded stock on volume so anybody 'dumping' their small holding impacts the SP more dramatically. Nice if a major player loaded up with 10% of the shares give a good boost.
All theory of course but you never know and fingers crossed.

Well my 'stop' at 30p broke today reset to 27p lets see how long that lasts. Not really downbeat been doing this for too many years to get paranoid when a SP heads down but appear to be holding a number of companies that really should be doing better on the upside. FCRM is one such share and unless the're exist some 'skeletons in the cupboard' hard to explain the near 25% drop over recent weeks. Markets getting hit I know but the CFO leaving, be she pushed or not, has certainly upset the market makers.
Got to hope we hear something positive. If not then we will keep getting hit daily on the SP now 30p support has gone.
All theory of course so lets just wait and see. Any ideas on a date for next update??

Have to hope this week we get some support around my 'stop' of 30p. Certainly hope so.
Fundementals at FCRM are pretty good but being spun out of Nat Grid brings back painful memories of an outfit called Thus that was spun off from Scotish Power. Like FCRM the'yre business model was great albeit they had debt but regardless in the end they were 'snapped' up on the cheap by C & W with shareholders sold short. Not saying this will happen here but without some postive news the SP will.continue to languish at these levels.
All theory of course.

Could be because investors believe IAG management but sadly do not similar at SAGA. Numbers bad at IAG but no serious affect on the SP. Not sure IAG SP will stay positive this week but good bet Saga will continue to slide until next update. Anyway booked my cruise with Saga because every little bit helps.

Ahhhh your here as well j15006

Good comment on the CFO likely 'pushed' but still impacting on the SP today as the market gets worried when CFO leave. Maybe she has a job offer at Saga or maybe even TCG. Obviously our stock picking has some downsides. Fed up with 'penny stocks' they rarely come good and Saga. FCRM. TCG have been painful.
Have a 'stop' of 30p on FCRM for some time looks like it will be broken today. Hope not