Member Info for Mulder

@ 1614

Was the bid rumour you heard on the wkend from a banker/city boy?

PAF pulled out of the ASA Zimbabwe deal weeks ago which was a good thing IMO as it would have meant another placing and dilution. Surely Harmony Gold could bid for PAF - peanuts for them.

SA miners Anglo Gold and Harmony Gold also up strongly in the past month. I suspect the uncertainty over suspending the loss making Evander may be to blame also although if it goes through profits will rise substantially.

No ODonnell this drop is PAF specific. Just look at other SA listed miners including Sylvania Platinum surging every day. AAL, GLEN + others also up. So not SA related.

Amid frigid conditions Wednesday at the Meyer Werft shipyard in Papenburg, Germany, Saga Cruises officially began construction of its first new-build, Spirit of Discovery, which will launch next year. "Today is an incredibly important day for us," said Lance Batchelor, CEO of Saga Group, which operates Saga Cruises. "Four years ago, we decided we were going to build our own purpose-built ships. We spent about ... two and a half years doing design, but it's mostly been in a computer. Today is the day we go from being in a computer to cutting steel, and a real ship starts to appear in front of us." Joined by Tim Meyer, managing director of the Meyer Werft shipyard, Batchelor pushed a big red button to cut the first piece of steel for the ship. As is the case with all of Saga's ships, Spirit of Discovery will offer an all-inclusive experience. The vessel, set to debut in July 2019, will carry 999 passengers -- aged 50 and older -- and feature a main dining room and lounge, two speciality restaurants, two swimming pools, a theatre, a library, and a spa and salon. https://www.cruisecritic.co.uk/news/news.cfm?ID=8439

Ridiculous valuation here currently. Trading at just 4x earnings FOUR! Even 10x earnings is too low and this gives us 15p minimum

The spike to 255p two weeks ago with several million pound buys remains unexplained.

21.5p/share

He seems to like giving interviews doesn't he? Pity they don't ask him about the share price performance. Peel Hunt reiterate a buy and 195p target today - probably explains the monumental 2p rise. Even 120p is looking a tough target right now. The market is a disgrace. More than 3 months of lockdown now. What news - good or bad - is being hidden from PI's?

Saga SAGA Peel Hunt Buy 116.00 113.80 195.00 195.00 Reiterates

http://www.kentonline.co.uk/kent-business/county-news/interview-saga-chief-executive-lance-batchelor-military-background-consensus-leader-160963/ Saga chief executive Lance Batchelor says military background makes him 'consensus leader' Why did you take the job at Saga? �The combination of intellectual challenge, leadership challenge, business challenge and a sense of it being worthwhile. "I started my career in the Navy and spent seven years under water in a metal tube defending the realm. "I didn�t get very well paid for that but you passionately believe in what you�re doing and I passionately believe in what we�re doing here. "We focus on the customer and giving them a great experience and seeking to do that profitably. "It�s been an interesting experience for me to realise how slow it is to drive change in the insurance industry.�

16:13 154.30p 8,000,000 �12,344,000 Buy 15:48 154.30p 6,500,000 �10,029,500 Buy

0954 Not all trades are being reported though.

SLP has hit multi year highs Anglo American and Glen are all surging.

The only problem with the M&A theory is the price would normally rise if there was any real interest. Check Spire last year for example. The city boys start loading up in advance. However 3 months of total lockdown and absence of even a technical bounce is unusual. The fear here is a lot more customers are switching than the company let on and that the 5% warning will be increased. Scan those weekend papers!

Funny how the company brokers have gone quiet as well. Even a 40% fall is not enough for an upgrade or two? Does the valuation not look 'compelling' trading as it is now at just 8x earnings and yielding 8%? Or do the brokers and BOD know something we don't??? Are there any skeletons in the closet Mr Batchelor? The same brokers will be spouting buy recommendations every other day for 'popular' stocks like Just Eat [14x recommendations in Jan/Feb alone; Saga x2] no matter how wildly overvalued they are. For over 3 years the market priced Saga at 15x earnings; now just 8x. Go fathom. Even the balance sheet and debt levels have improved substantially in this time. [Yes it does look like Deutsche are playing games here; 6%-7.85% in Feb; now back to 6.96% including 'derivatives']

25M GBP profit equates to EPS around 1.1p and this is just for Elikhulu. Suspend the loss making Evander and add the 100K from the other operations and you are looking at an additional �30M+ in profit Gross profit �55-�60M EPS 2.5p Shares are currently trading on a projected P/E of just THREE. USDZAR back up around 12 also helps.

Disappointing week here.

The 'strategic review' and write off of a radiotherapy unit in Essex cost the company �14M (!) Also noted the lower margins and �15M extra in operating costs partly blamed on higher staff wages. They really need to get a grip on this. Lower NHS tariffs. On top of this was the �30M payout re: rogue breast surgeon which may or may not be partially recovered from insurance companies .