The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I'd certainly buy it for £2.75 if I had £385million spare cash. I've paid significantly more per share for a good part of my holding and the company seems to be in a much better position now than when I bought them. It's just a shame the share price doesn't reflect the true value of the company. That is of course not something necessarily specific to Saga. The only people wanting shares at the moment are those seeking large returns as quickly as possible and a bargain basement prices.
I wouldn't be too disappointed. Every company I have shares in has seen its share price drop on results day in the last eighteen months or so and it seems to make no difference whatsoever whether the results or trading updates were good, bad or indifferent. The share price always seems to recover shortly afterwards.
Thanks everyone. Leo Angelo are my youngest son's christian names.
Named after Michaelangelo and Leonardo da Vinci.
It's a shame we didn't see a greater rise in the sp today but I am sure the path is now set for a steady improvement from now on. I certainly hope so. I have a lot riding on this share.
It's going to need to be some pretty impressive trading update to drag us out of here I reckon.
We may have to wait for other more positive news to lift markets in general.
I would love to see Saga buck the trend but for now it seems that the weight of general anxiety around the world is just too great. Once the ship repayments are back on track and the possibility of some dividend can at least be considered then things may look radically different. More regular updates from Saga wouldn't do any harm either.
Gordon
Are you suggesting that someone is buying 250,000 shares each day (as yesterday) and then selling a proportion of them in smaller increments to drive the price down further in order to purchase another similar large chunk of shares at an even lower price?
Apart from 200 British Gas shares bought at privatisation sometime in the 1980s I had never bought any shares in my life until the end of September 2020. I had a fair amount of cash which had been festering in National Savings for three years or so following the sale of my late father's house. When NS@I announced that their paltry 1% interest would reduce to 0.15% in November I decided something needed to be done and it seemed a reasonably safe time to buy shares in any company that had a chance of surviving the crisis. My first shares were Barclays ,Legal and General and Saga.I bought 80,000 Saga shares at 12.2p which rapidly became 5,333 at 183p and watched them drop 30%. So, encouraged by you lot, I bought more. I now hold 77,000 at 184p. It's a shame it's not quite the 80,000 needed to complete the symmetry but I'm not complaining. and have no plans to sell.