RE: £450m refinancing30 Jan 2025 13:45
Making early repayments of high interest debt would be of great benefit - debt to market cap ratio is currently horrendous - hopefully we get a rising share price along with debt repayments to get the ratio below 100% in the next year or two.
I was a buyer of the stock at very low prices, with 2 of the last 3 purchases a little above the £1 mark and the other at about 82p, but consider myself fully invested for this stock now.
I did not consider SAGA to be a 'sell' at these low pricing levels even when things were looking bleak,which is why I retained all of my purchases since my partial sale at over £4 in May 2021 (obviously should have sold more).
SAGA is currently the laggard in my portfolio, but things can change.
Tesco was once my laggard, but now it is at a very healthy profitable level.