The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Can anyone explain to me what the attraction is of this share other than it goes up everyday? Reminds me of bitcoin! It’s gone from under a penny to 58p in a year- what is so special about what they do that people keep buying at this high price?
I’ll clarify. This is a loss making company with a fair amount of debt that has very expensive ships parked up doing nothing, and a small insurance division to buffer things. Cash burn continues while everyone is dreaming that an unproven vaccine means that everything is fantastic and business will be absolutely booming because bookings are high. Guess I’m just being a realist rather than an optimist. I know that if govts took the punch bowl away in terms of easy money that markets will tank and companies like this that are fuelled by raging reopening euphorias day weak balance sheets will suffer. Saga has been essentially dormant for a year now and the share price booming
Insurance is a fair point and I know it seems like I’m being provocative- it applies to all shares in this sector as well as restaurants and others. I can’t help but think if you pulled government intervention and easy money then the entire index would be way below where we are now. Valuations are so expensive given how bad the economy is and people just assume we will reopen and everything will be happily ever after
Still do not understand why travel shares are so strong. No revenue and rubbish trading for over a year and extremely high share prices given no clarity on when travel resumes. The whole sector is driven by reopening euphoria. Am not saying things are terrible just valuations are crazy given most of these business are shut and many questions remain
Looks like shareholder wipeout based on that rns
Fully acknowledge I don’t get it, and admit I’m wrong- just trying to understand the appeal
So if I create a VR headset, market it and make no revenue from it, have no cash on the balance sheet it will go up 1000% in a year like this because it’s a hot sector and big investors pump it up? Sign me up
I know Twitter and the big guns love this share but still lost on me why people adore these spivvy disruptive small caps. I wonder what happens when the market values companies normally again as this would be a couple pence in most ordinary circumstances
I too have given up, lots of other shares moving and this is a waste of time. One day it’ll come good and that’s guaranteed if I’m not in it
Fair enough, not saying this company is perfect but at least there’s a solid business somewhere here. Half of the market is seeing multi baggers on companies with no cash, revenue or prospects. Seems undervalued and the results showed some good numbers but what do I know, I don’t change apparently
Market just does not like this share. Results decent but the fallout from the previous update and uncertainty still exists. Shame when there is so much unprofitable junk out there flying whilst this looks pretty good and no interest
Results look really solid
Hasn’t this now dropped about 50% in 4 weeks? Was 4p the other day. Need to see what’s going on
My point earlier. There is junk like zoetic etc and hundreds of other shares with no revenue, stacks of debt, zero cash, fantasy projected sales and future that have 50 bagged the last year. This company isn’t doing great but it’s better than a lot of the other stuff and continues to go nowhere
Not deramping as have no position. This sort of company should be thriving right now in this environment- that’s positive, purely questioning why this can possibly doing so badly other than how it’s being managed
There are many companies that are virtually bankrupt multi bagging at moment. Results will no doubt be terrible- but worse companies are doing better.... this share has been awful and still no sign of life