Member Info for Marcus_

I don't see why buys after the close will make tomorrow any different.

They were all at the closing sp. Not like they were loading up at a higher sp.

No.

If the sp is 17p then you could instantly sell your new shares for 2p profit.

If the sp was 13p then you would lose 2p per share.

However there maybe terms attached to the new offer which could be something like you have to hold the new shares for X period of time.

It would not be an easy sell, but 12 months ago the plan was for the cruise ships to pay for themselves. Sadly events have meant that covid has hit at just the wrong time before the ships could even contribute to the bottom line.

It happens with lots of companies that a decision to invest is over taken by events.

If saga had only committed to one ship when covid hit I don't think they would have commissioned the second.

But we are were we are and debt is not being covered at the moment

I think 33p would get voted through if put to share holders

Yes but to maintain that holding you have had to pay more for it.

This offer is basically a statement that the company feels its valuation was too low on Friday.

It suggests that the company needs a short term cash injection at 15p a share but this cash will come back to share holders with long term capital returns of up to 28p.

Dilution of shares does not really matter if the value of 15p is correct and long term 28p as these are both above the 13p trading on Friday.

But its all a judgement call, you can sell now and get 17p.

You can hold and not invest and hope the share rises.

You can hold and invest and hope the share rises, but there is always the possibility that the capital is not enough or the need for capital lasts for a longer period than expected by the board.

If that happens then whether you invest more or not you could end up worse off.

Its not a freebie and not a great give away its a statement on how the board values the company, but as all valuations are below 33p it is suspicious why that offer has not been made alongside this offer.

Yep fair enough, makes sense

Hi tomc1,

Whilst this share price may fall back this statement is not true...

The way things are going it will have to be lowered, can't have a rights issue above the current price. Whats stopping this going back to 13p...

I've been involved in rights issues before, specifically bbox.

The rights issue was always at a discount to the current sp.

Well done on selling on the spike. I missed out by about 5 minutes.

It makes you wonder about the 33p offer as why not put it to share holders.

However I doubt there will be a hostile take over as the offer is no longer there.

https://www.sharesmagazine.co.uk/news/shares/saga-soars-on-funding-deal-as-former-owner-returns

Well done poker. I am in at 16 & 20 so called the bottom way wrong.

Its all going to be about the results, I've been caught out in the past on results buying into a rise only to see a correction on results day. So hoping for a reversal in fortunes buying into a falling sp.

Interestingly the number of short positions has remained unchanged. So not shorters driving down the price.

I think it will stay low until September until it is clear whether covenants will be breached

I doubt it would jump to 200 today. But in a sea of red this share is my shining light today.
To be honest I'm fairly content with most of my investments at the moment and will now probably sit and wait it out till next year.

I've more money to invest but I'll probably either focus the rest on dividend paying stocks or lump it all into a market fund.

Speaking personally 30p a share would be amazing but I can't see many long term holders whooping for joy at that price.

My point is that it is rare to get an offer for a company going through tough times. A good trading update will reassure the algos that this is not going bust any time soon and a slow rise to 20p will follow. But not expecting anything close to 6 months ago for a while yet and that was a low price then.

A good trading update is required to shift this share. Hoping for a buyer to swoop in and pay out never seems to occur.

I've only ever experienced that once and unfortunately I sold the week before. But it was not a company where the sp was in decline.

Well a superb rise this morning. Shame I did not dip back in again yesterday at 63p. But nice to see what I have left in this share rising well.

JEFFERIES RAISES ELEMENTIS TO 'BUY' ('HOLD') - TARGET 95 (75) PENCE

Cant argue with that but as my current average buy price on this share is 0p. I'm happy at any price.

Always good to get a lift off the back of general market sentiment.

I had 2 purchase prices of 102 & 117 so sold the 102 tranche today to book in a little safety in case this retraces.

But anything over 110 is money in the bank

I don't know if this was covered earlier in the week.

But surely saga cruises should be all over this new test, even just a signal to customers that it will be used when embarking and customers will have to stay in a reception area or cabins until tests are back.

Yes it will not eliminate risk as port calls will re-expose everyone but it would reduce it and day trips outdoors should be low risk.

Ouch that seems a very harsh reaction to the midyear report.

I'm not about to catch a falling knife, but it is certainly one to watch if this stabilises

Without any news there is no real guide as to this shares direction.

UK guidance on cruises remains unchanged, I can only see this moving north when the restrictions are relaxed. If this was the 10 th year of operation then it would not be so bad. But at the moment we have all the liability and none of the revenue of providing cruises.

Well that was a pretty good week

The market reaction does not seem too bad. Is this because the government will be picking up the bill?