Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Time for SAGA to shoot back up to where it belongs in the short term. Insurance Business alone woth £5-6 per share imo
Adding another 500k shares to their long position at 91p. Smart money
People are far too pessimistic
But I’m sick and tired of hearing these doomsday bastards constantly slinging round their negative rhetoric.
Things WILL get back to normal and much quicker than many think.
2 x 500k delayed buys @ circa 87p printed after hours.!
Investors wouldn’t be buying those volumes at 87p if they didn’t think there is a good outcome coming.
Platinum will be buying based on NAV & future earnings potential post Covid.
Looking at MARS in its current guise is pointless Parsley ??
Is so embarrassingly undervalued at the moment. It surely can’t stay this way for much longer. I’ve added more today.
The U.K. market is an absolute joke
Bough some at 85p as an opportunistic bet that a decent takeover premium will be paid. Down a grand already so not v well timed. (Serves me right)
Can’t see them accepting any less that £1.3-1.5 as would easily recover to those levels post Covid imo with the additions of Brains and the Carlsberg JV.
Much better business than pre Covid
What do the long term holders think/ want to happen?
And bought back! Seems to be a theme..
It rockets up to £3 plus then dwindles back down to the mid-low £2’s
Bizarre
Hi Joe
The circa £6m per month cash burn for the ships being laid up is being comfortably covered by the Insurance business.
Most people don’t seem to understand this for some reason
The market reaction is an absolute joke! All other travel related shares are up yet SAGA down 5% after putting out as good an update as we could of hoped for.
It's very frustrating really
Is that the Insurance arm is covering the cost of the currently static ships. This is a great place to be.
Whilst other "Pure Play" travel business financial position gets worse and worse every month, SAGA's is fine.
SAGA is a far better play on a travel rebound than the Pure Play operators in my opinion
Also cruise bookings for 21/22 are at 68% of capacity which is quite remarkable. So if they can only be able to operate at 80%, they only have 12% capacity left for 21/22.
I don't think Investors are reading this update properly. I'm quite happy to buy you're shares.
Re-assure them in what way? They can't say any more than they have. Once the ships can sail again things will look up in a big way.
More funding? Why? They have plenty of cash head room at £51m (@31 Dec 2020) plus a£100m undrawn RCF facility. I think you need to re-read it Thomson.
Reads very well I think. Once the ships start sailing again there really will be no stopping them.
No idea why it's down this morning so will be adding to my already large position. SAGA is a great recovery play
Is all over the place! Very odd.
Was hoping it would build a base in the £3's but obviously not ready yet. It Just can't settle atm
I've bought more thins morning
Hi Beachbum,
There really is very little point speculating on what the short term share price is likely to do.
Unfortunately it is impossible to predict.
All I have is a share price target of £10-12.
I have absolutely no idea when it will get there or if it will ever get there. No one knows unfortunately
All the best
From today’s FT!
A surge in holiday bookings by the over-50s is giving UK travel companies devastated by the pandemic a much-needed boost as the vaccination rollout lifts consumer confidence.
Sales at Saga doubled during the first two weeks in January compared with the first two weeks in December, the travel and insurance group said. Hotelplan, whose Inghams walking holidays are popular with retirees, reported that bookings were up 57 per cent last week compared with the week before.
Jit Desai, head of holidays and travel at coach operator National Express, said “the grey pound’s confidence around vaccines” was driving the resurgence, with spring and summer holiday bookings up 185 per cent compared with the same period last year.
Both Saga and National Express, 98 per cent of whose holiday customers are over 65, said that last Monday had been a record day for sales.
A surge in holiday bookings by the over-50s is giving UK travel companies devastated by the pandemic a much-needed boost as the vaccination rollout lifts consumer confidence.
Sales at Saga doubled during the first two weeks in January compared with the first two weeks in December, the travel and insurance group said. Hotelplan, whose Inghams walking holidays are popular with retirees, reported that bookings were up 57 per cent last week compared with the week before.
Jit Desai, head of holidays and travel at coach operator National Express, said “the grey pound’s confidence around vaccines” was driving the resurgence, with spring and summer holiday bookings up 185 per cent compared with the same period last year.
Both Saga and National Express, 98 per cent of whose holiday customers are over 65, said that last Monday had been a record day for sales.
Great quote that MAO3: I have it framed in my office at home...
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.
of the crawl back up to fair value which imo is £6-7. when they start trading well again will be in a different league.
Hold strong, block out the noise and back your convictions
Nice to see the SP doing OK. Still a long long way to go here though.
We're barely scratching the surface. Long term hold for me