Saga5 Feb 2024 11:38
Darn it! Saga's share price is inexplicably disconnected from a positive recent RNS.
Larger shareholders may see something amiss.
The initial share price jumped directly post-RNS, but the gain was quickly savaged away. Should I fear a black Swan?
I thought, my averaging down was an easy decision. I still do, but the tide surely should be turning by now. The share price displaying bad news to come rather than good.
I'm relying on the sum of the parts is greater than the current share price. Presuming, the debt is covered by cruise ships asset value and the cruising division is making decent returns. However, the insurance division, while challenging is likely to enjoy a very profitable recovery in time.
My fear must be the CEO is made to walk a plank for justifiable reasons.
Holding Tight!