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Just had a closer look at the interiors of Sagas 2 new ships and river cruiser!
They really are spectacular aren’t they!
Different league to the mass market ships of Carnival, Norwegian etc!
Can see why the wealthy older folk can’t wait to get on board..
Hi Beachbum,
Mid term for me would equate to within a couple of years so 2023 time.
No one knows of course as impossible to predict the market but SAGA does seem ripe for a serious re-rate .
Insurance business worth somewhere between £1B - £1.6B let’s call it £1.3B
Cruise business when starts operating will generate circa £80m p/a EBITDA so let’s be conservative and say it’s worth 6 x EBITDA so circa £500m
Combined value excluding all the other stuff they have going on and I get to a reasonable vomit cap valuation of circa £1.8B
So my medium term SP target is circa £12-14
Stonking offer rather :/
If RDH did ever want to take it private it would have to be a stinking offer to get the necessary shareholder approval. Otherwise it would simply be rejected.
There’s nothing to worry about from that perspective imo and I’m sure RDH is more than happy with his holding.
All the best
Apologies it was Voleon not Millenium. Anyhow no shorts anymore on Saga so all positive from that perspective!
You can check out stock exchange short action at shorttracker.co.U.K.
I see millennium have closed their 0.6% Saga short.
Wise move! they clearly know where Saga is going
Onwards and upwards, blue skies ahead
DYOR Orient. It's not for others to tell you the Bull or Bear case of SAGA.
Put in the work yourself and allocate your own money accordingly.
At least quadruple from here I reckon Castle. And probably alot sooner than the 3 years you mention.
The market is pricing Saga completely wrong I think and that creates a wonderful buying opportunity imo... Investors will be sorry they traded instead of accumulated this stock when we look back on these times.
Haha exactly Joe, old Ramijali the genius market timer!
Ramijali - you are clearly full of ****e my friend. No one can time the market. anyone who can (which I doubt there are any) certainly wouldn’t be posting on here
Very amusing though
Good posts Banbury & FJGooner - Looking at those properties there could be a decent amount of surprise upside from selling them. SAGA will be booming again in 12-18 months.
Now is the time to continue backing up the truck. Remember we got to £3.50 recently.
My 2 year price target remains unchanged at £10-12 but wouldn't surprise me if it goes alot higher. There remains stonking upside on these shares at these pathetic lowly levels imo
Just hold Roxbury. No point potentially giving up multi bagger returns for a few pips here and there.
I'm rubbish at timing so once I spot a super opportunity (As per Saga) I just accumulate and hold. Trading for a few pips here and there is a waste of time for me.
I'm interested in hundreds of thousands not a few k here and there
Haha indeed Beachbum.
Also read my last post and it appears I can't spell
Samous should be Famous LOL
samous last words haha. If it does I'll be adding more even though I'm v overweight in SAGA
this morning! If this gets some wind behind it, it really could fly
IMO this will multibag in 2021
Online advertising is such a remarkable up and coming industry
Thanks Doofus! V interesting
I think £7 is a conservative estimate for year end :)
Very interesting business starting to develop here. I started building a position after the latest TU.
These could be huge if they can start nailing consistent revenue streams and keep adding collaborations.
Buy and check back in a few years type of share where it could be many multiples of todays price. Very exciting
Great intel Gooner. I've got a spreadsheet doing similar and we're pretty much get the same figures
Anyone who can time the market like you - Buy the lows & sell the highs is either an investing genius or full of **** ;)
In my experience it's usually the latter.
Well done Ramit.. sounds like your small trade are adding up for you :)