Member Info for mick-b

FTSE 100 added 0.19%

The Foreign Secretary of a country with over 2000 food banks has spent £500,000 of taxpayers money on a private jet.

My opinion - very positive. I think SAGA now looks set up for a future where profits should come strongly back, providing travel can operate as normal. Even if restrictions return, we know SAGA can cope, and won’t need to dilute shareholders again, due to the cashflows from its successful insurance business covering any potential travel losses, as has been demonstrated in 2020-22.

What I like best about this share, is that the brand, and customer service are being rebuilt. That will take years, but everything they’re doing is music to my ears. I tested the customer service myself, and was delighted with it - a completely no quibble full cash refund was given, despite me cancelling my cruise on the morning of departure. That tells me this is a trusted brand again, and the upside on valuation from the brand value being restored, could be large. Remember this company was valued at something like £2bn when it was perceived more positively by investors.

On the downside, the shares are very volatile indeed, and nobody really seems sure how to value it. If you use EV/EBITDA then you won’t come up with such a bullish valuation as me (I use PER on future possible earnings of maybe 100p, possible upside to 1200-1500p per share, long-term).

Anyway, so far so good, things are panning out as I hoped. Just have to be patient now, and tuck it away for a couple of years.

Meanwhile in other parts of the distribution sector, both wholesalers and motor traders reported sales above seasonal norms – and expect this trend to continue next month.

https://www.proactiveinvestors.co.uk/companies/news/972322/ftse-100-to-slam-into-reverse-as-fed-chair-turns-hawkish-972322.html

DOWN 5%
KENNY was right

Germany think otherwise!

Alien intersects bonanza silver at Elizabeth Hill including 9.7m @ 8,326 g/t Ag (267oz/t Ag) from 15

UP 26%

All cash offer for Air Partner (LON:AIR) at 125p a share

FTSE down 130 points

PMQs
Johnson on Kier Starmer: “He’s a lawyer, not a leader.”
What he means is Starmer is a criminal barrister, not a criminal.

Cyclists can now use the middle of the road......buried in the 168 page of the highway code
In my day it was a couple of pages long

FTSE 100 gained 0.99%.

LIVE
https://www.google.com/finance/quote/AMC:LON

The MET police police will FINALLY investigate.

Inner Mongolia is CHINESE
Outer Mongolia is an independent sovereign country.......so far

London's FTSE 100 was up 0.80% at 6:59 am CET.

party?.....https://www.youtube.com/watch?v=mtCIdpnQoWk

1963 nearly 60 years ago !

Today, an editorial in the Sun says: “We are relying on Russia, a hostile power, to heat our homes.”

The UK is, indeed, increasingly reliant on gas imports, because domestic production from the North Sea is drying up. However, the vast majority of imports come from Norway, the Netherlands and Qatar. This year, as in previous years, Russia accounts for much less than 1% of UK supplies.
https://www.carbonbrief.org/factcheck-less-than-1-per-cent-uk-gas-supplies-come-from-russia

Johnson despises you........
the little people

‘PM just there a few mins’ latest lie