Member Info for jedclampit

Yes that's true but if saga lists with £2.40 with 2 billion shares and £500m in the bank, but it won't have much left in the bank after paying down some loans etc . I still can see this getting up to £4-£5 what more than L&G , Aviva , Tui . come on.

Yes that all looks about right, it does depend on what your price is or total is in £'s but yes £3.30 to break even. Now if you can see saga going up to that then hold if not maybe sell now , but as yet we still don't know what the starting consolidating price is going to be but might be 16p so £2.40
who knows .

Sir Roger is buying into saga but at present he is not a shareholder and only becomes a shareholder if the deal gets voted through so he should not be given the vote to help swing this.

So many posters keep saying the value is the same after the consolidation as it is before, but only if you bought at the con price and not if you have bought 3 months 6 months 12 months before at a much higher price. they are just steeling our shares and money when this takes place at the lowest sp.

Nothing ever works out as we wish and nothing would surprise me, sorry for being negative but deep down I still think we will get 45p + bid in the next few weeks. After all it's now another 2 weeks gone by and no one has pulled out that we know of.

Well that's what I thought in my first post by why list everything then re-list again after consolidation, because itf they go live with 2 billions at what 16p-20p everyone will sell first thing.

So if it doesn't work out to a bid will they do their thing and raise money plus a consolidation like saga and steel our shares on the cheap.

This bod's have been very poor in just laying out the clear facts. or was/is that the plan.

Sorry I think I might have that number wrong, it says The Enlarged Share Capital of the Company immediately following Admission will be 2,093,921,536 Ordinary Shares in aggregate.
Now is that after the consolidation or not ???

We still don't know what the consolidated price is yet is it going to be 12p 16p 20p ?
Still so many unknowns. but the end result is they will take most of the shares from the pi's.
I have nothing against consolidation when it's done on normal trading numbers say in the middle of a cycle but to do it when the share price is at it's lowest point that' just robbery.
Don't get me wrong I am not against the cash raising / new shares but we didn't need a consolidation at the same time.

In their statement / rns it says ,Following the issue there will be 2,093,921,536 shares out there then consolidate by 15 should = 139,594,769.
So if they trade at £2.60 ish are they going to be a better buy than say TUI at £3.50 in the travel sector or say Legal & Gen at £1.99 0r Aviva at £2.88 in the insurance sector which all have better returns.

Do the numbers before you buy as you may never get your money back?
Let’s just take someone that holds say 20,000 shares at 50p i.e. £10k before covid and the market drop now at 16p ish so about £3,200 in value.
Now take the offer your 20,000 share become 1,333 after consolidation of 15, but the value goes up 16p x 15 = £2.40 x your 1333 shares =£3,200.
So you are now down £6,800 from your original £10,000. And would need your shares to be trading at £7.50 to get your money back which is impossible against other better companies.
Now we all know that when covid is over and the travel business gets back to near normal saga shares would probably go up to say 40p-50p 60p and we have already been offered 33p so saga still undervalued.
So we are trading at £2.40 and shares will still go up and down by what 40p-60p so a range of £2.10 - £3.00
now the deal for your 20,000 shares
If you buy new share i.e. another 11,111 at 12p =£1,333 makes a total of 31,111 shares at £11,333. By 15 consolidation gives you 2074 shares for £11,333 =£5.46 trading price for saga.
So you would need your trading price of £2.40 to go up to trading at £5.46 to get your money back, I guess that might happen but?
Unless you have recently bought these shares at 13p-16p you are just throwing good money after bad.
When you think what other good profit companies are out there with divi’s you must do the numbers first and don’t be dragged into this without doing so.
These consolidations are just a way of taking your money from you.

Where is this boom at 15.73p what about all those who bought in at £1+
Not me I might add but many many have and I guess they would be happy to sit back and wait a year for their money / sp to go back up but this way they get shafted with very little hope of seeing their money back. Sorry to harp on but I so dis like consolidations just to make the directors feel good.

For a company that has just said today that they didn't need to raise money, they must be desperate to hit their cash target by not giving a cut off date / time as they are letting anyone / everyone to carry on buying and possibly qualify for the offer price. which is it.

Yes I know all that I have been trading for about 40 years, but in most cases it never works out as positive for any / all long term shareholders
You can probably list a few cases where it has worked but in general where a company doesn't change their working practice or directors etc and the company doesn't really need a consolidation apart from just making the sp look good my view is don't do it. Hands up anyone out there that thinks the sp will be £5 + in a year based on whats going on. Then you will know if it's been a good thing or not.
We all know that saga is worth a lot more than 33p and that's why the directors refused the info in the bid, so we could of traded out of this and the sp would have gone up anyway.

It's simple you don't need to look at other shares.
consolidate by 15 and you multiply the sp by 15.
if the sp on the day they quote is 15p then it starts at £2.25 if it's 16p then it starts at £2.40 , but many most consolidations fall back after a few days / weeks.

So is Sir Roger a shareholder now and can he vote on the deal or is he being held up until the other shareholders vote it through?
As this has not yet been passed Sir Roger shouldn't be allowed to vote.

So what's the sp going to be trading at after say 4 weeks of consolidation.
12p x 15= £1.80
15p x 15 = £2.25
16p x 15 = £2.40 on the day but we all know consolidation never really works and I guess the sp will be more like £1.50- £1.80 after a few weeks. You can buy some really good stocks with divi's for much less.

Maybe his second name is Trump !!!

As it happens I haven't lost lose of money here but I like that
(if you have been back to March 2010) get a grip, if you can look forward 10 years and tell us all what's going to happen how wonderful.