Member Info for jedclampit

No I think 10p will be far too low, based on what Sir Roger is paying ie 27p and the rest under 15p my guess would be 14p ish but it could well be 16p and Sir Roger has made a promiss to buy any unsold at max 15p, either wise they would just be giving it away. I also think most people ready to buy in are just waiting for the release price before they press the buy button.
I also bet there will be rns's first thing on Thursday relating to big director buys. This could be 30p within a few weeks if they are going to pay down debt.

Is that just wishful thinking or can you post so we can all see it.

I think the insurance side of the business will be doing really well and will more than off-set the travel side which everyone knows about.
Also I think they will try to put out all the info they can and a very positive out look for both sides to get this deal away, and that's why the broker has put out 31p ish because they must be thinking a lot of this extra cash will be used to pay down debt.

So why is the sp stuck around this level now, I would have thought it now looks more likely for a deal than not, or is it just jitters and posters / invetors fear a deal is not going to happen in which case why hasn't it gone down to mid 20's.

I have only got another 66p to go to get my money back now.

Come on 3 card, we all know this is going down to 2p ready for the rights / sorry placing at 2p so we can buy then and make even more money when it hits 7p- 13p.

Yes it looks like they are still buying and think there will be a deal done, at this rate they could end up with 20% share of the business and the same as Sir Roger and could give them a place on the board and a say in what happens.
Can only be good at this stage.

BeardedDragon, how on earth is this going to stagnate around 35p ?
There is either going to be a bid at 40p - 60p in which case it's going to fly or all the bidders will pull out and it will go back down to 20's. but the longer it goes on it more likely to go on a bid price say 45p 50p-60p.

Another week gone by and still no one has pulled out that we know of, the longer this goes without anyone pulling out the higher the price could be.

I think it all depends on how desperate the company is in getting this deal away.
If they think they can get this deal away and be over subsribed with high demand etc then they will use 1st Sept, but if they think it will be a low up-take and are desperate for all the shares to go they will use 10thSept.
My view is this is already a done deal and in the bag with the large shareholders and will use 1 sept. That will also push up the sp first thing.

rupans, We all know that the announcement was going to be 10th Sept with the results and was dragged out by press release on the 1st Sept instead. Therefore I think it's fair to say that the original cut off date would have been somewhere on the 9 th / 10th Sept as it was meant to be at a discount for current shareholders and directors.
But now it's going to be the 10th Sept and everyone more or less knows what's coming why would the bod's let anyone who bought from the 1st with big volumes etc take advantage of the deal / offer discount.
No I think they will set a cut off date of the 1st Sept and that's fair. !!!!!
Sorry all you posters that have bought in in the last week or so.

That need to be anwsered here, remember this deal wasn't willingly given out by the bod's it was meant to kept under raps until the 10th Sept out posted with the results but it was dragged
out because it was leaked in the press.
I think this was going to be announced as a done deal / placing for 20% of Saga just like many other companies do and that would have been sort /completed by 10th Sept .
Just what is the current bod's getting in free / very cheap shares, what is the money being used for.
You can bet your life that all the directors have already give instruction to their brokers to buy millions of share at 7.am first thing on the day of results and they will be posted on an rns on the 11th Sept.
Am I wrong ?

You say if the shareholders do not take up the deal, I wonder just what % the pi's hold in here because it doesn't matter what they think the big shareholders will all buy up there % and as much more as they can. You say it has to be approved but at this stage you can bet your life all the big shareholders have probably already given the go-ahead and it will be passed no trouble.
The shares are still 16p -17p and a good bet at 15p but if they offer 12p- 14p they would be giving the shares away and the deal will be done by 9.am.

I would imagine that Sir Roger is just waiting for many shareholders NOT to take up the offer or buy in at 15p ish, because then although he is also buying many more up to 15p I am sure he will buy up as much as he can well above the 20--25% if no one else wants them.
Also although we are still in th closed period for the directors to buy more shares once that is open on the 10th and I am sure there will be all the directors buying up millions of shares, knowing that this is a great deal that possibly reduces all the short term debt if that's what the money will be used for.
If Sir Roger buys up to 25% just how long will it be before he make a full takeover bid and put Saga back into the family. It's up to all of us to buy those shares and make sure Sir Roger doesn't get 25%+ so he has to offer more than the 33p and maybe 50p+ to get the business.

thanks rupans, I haven't seen that yet.

It's very interesting that with all that's going on we haven't had any brokers coming out with their views, as normal though they don't have a clue what's going to happen and they cannot be seen to have no idea because it shows them up as being just player / gamblers like everyone else.

Sorry I disagree, everyone can see saga is a sitting duck and worth much more than the 33p offered by the ex Aviva guy.
I think this is already a done deal and they have said it's already been passed by those that count and all the big ishareholders can see this will safegaurd their interest until saga get back up and running. OK I guess those that have bought into saga at 13p - 15p or even 20p would be happy for a quick profit at 33p but everyone else and all the long term holders will want a lot more and that's got to be in 60p -80p at least. This deal will put saga back on track for that in 6 months. just my view though.

I guess anyone in the insurance business can see that if you take away the travel business side of Saga what's left is a really good sitting duck just waiting to be taken over on the cheap. So this must have made the Saga bod's sit up and see the light, quick make some changes before we all lose our jobs. Who wouldn't want to buy the Saga business for at least 50p a share now and then make all the profits in 6 months when things almost get back to normal and that's why Sir Roger is buying 20%+.

That is 100% true no one can G/Tee that the sp will go up that's why everyone has to make their own minds up on what they do if anything. We all see this in a different way so if you think the sp will go down and you hold shares then sell them now and don't worry about it.
You can always buy back in lower if your still interested in saga and the sp is lower.

The only way to G/Tee you stop your dilution is to buy the shares now at 17p-18p