Member Info for NicName

Singapore 'cruise to nowhere' ends after passenger tests positive

StephenFryUp Retweeted
riddler
@riddler_smitb
·9h
"#RUR great news
Payments re commenced
Another $480k"

A gentleman never asks...

Oh yes, that's ok then. Excuse me a moment whilst I go and hoodwink a passer by. Opps, he just has a heart attack. I only meant to steal his wallet.

Receipts £350k over 7 months = £50k/m. Cash burn nearer £100k/m.

Relying on the greater fool theory. Nice.

It's a sucker rally. Is that something you are proud of ?

Go on, what is it, Riddler ramping on Twitter?

Remember the last one?

"The Directors of the Company note the recent movement in the Company's share price and confirm that they know of no reason for the share price movement."

I said already., "considering prior RNS."

"bottomed?"

Doubtful, considering prior RNS.

Ramp it all you like...

"but also runs things like salsa classes to get people through the doors"
Wetherspoons don't need to do that.

If all restrictions are lifted people will be able to pile back into there cheaper regular haunts so I'm not sure that's such great news for RBG. Maybe if you look at the performance, share count and ignore the nonsense?

Ramp it all you like... Oh, I see some of you already are.

Term loan was extended and covenants renegotiated on more than one occasion so the interest rate may have been adjusted since original.
Balance of £250 million 2026 5,1/2 (circa £70m after costs?) = kicking the can down the road.

Tender for 100m 2024 3,3/8 is at par.
Interest on the term loan and revolving credit facility is incurred at a variable rate of LIBOR plus between 1% and 2.2%, which is linked to the Group’s leverage ratio.

pricing of its offering (the "Offering") of £250 million 5.5 per cent. guaranteed unsecured bonds due 2026

Should have gone to specsavers?

Saga have been consistantly 'price walking' as you call it (overcharging existing customers to subsidise new business 'teaser' quotes) for many years. They are still at it. The three year fix is upselling and a bit of a con trick.

Having become loan free last year, excluding a fire sale of non-productive hardware, unfortunately it now seems likely they will be inclined to take another 'close' loan to cover execs salaries and other day to day expenses. One might propose that directors 'salaries' be suspended in the short term to allow for the covid situation. (Or cut retrospectively, in line with similar actions taken by other organisations implimented a year ago.) Not as a penalty but as a fair contribution (burden sharing), the exec. acting for the largest shareholder blocking any equity raise also seemingly commanding the largest remuneration draw.