Member Info for oogleflugal

Love a theory, however unlikely. 60% owned by institutions. Not sure what percentage DeHaan has currently, but could be as high as 28% after Friday, depending on take up and currently expected to be between 16-23%. Will institutions take the certainty of increasing their holding at a huge discount or go for an offer that may or may not be accepted by the board? It would need to be a pretty hostile bid, and not aware of many disclosable positions above 5% that would suggest stake building . More likely perhaps after consolidation if the sp remains weak. Valuation after dilution would suggest the sp may be worth 22.5p taking into account the offer price of 33p plus placing price. So basically not a HIH, and definitely not Friday.

Gross manipulation again. 'We know coronavirus cases are rising because more people are being tested, not because more people are carrying the disease. There has not been correlation in a rise in deaths. This is because more young people are getting infected." Its not rocket science to work out what is going on. More young people are being tested and detached not more people getting the disease. Improve 'test and isolate' not spread panic through jumbled up data

o yea! 10 million perineum each. Still made the sp bounce a bit. Also fully fresh air conditioning none of this recycled stuff some competitor cruise liners have.

Consolidation is mostly cosmetic. Reduces shares in circulation and allegedly takes stocks less volatile over the £2.00 area otherwise people think its a bit Mickey Mouse apparently. Not entirely convinced by that logic from experience. I think it more depends on volume of trade than anything. However two cruise ships with the potential to generate profits circa 100 million per annum each, plus the insurance business perhaps is more deserving of a £2 price tag. I presume the test drive on Spirit of Adventure means they are still planning on the maiden voyage on November 5th. Interesting date! A lot of ifs, but that goes for virtually every business in a current dilemma. Really is inexcusable that the Covid testing has not been better organised

I downloaded the new version of Pia and I does initially seem to be an improvement . A lot of the issues when people complain about inconsistent connection is the appalling crap internet service from BT and others. The best internet companyI had was Vfast via a satellite dish . I could get wifi connection up to 200 metres away. Unfortunately we moved and have to suffer BT again. Tables generally indicate Cyberghost and PIA in the top 5. Out to of 700 companies thats pretty impressive. The results were pretty much as indicated in the June notification. I think the forecasts look promising for next year and the valuations not particularly demanding. It is a volatile stock thanks to the 80% holding of Saga and institutions.

AGM in a couple of weeks but no trading update. Still they have got a new calendar out . Yippee

Seems to be no end to big sells, with no rns. The actually news although sparse has not been bad. Should be a statement early November possibly, but don't hold your breath

PIA VPN rolls out new RAM servers with encrypted OS and more
PIA's NextGen VPN Network is now available to all users

yes. Saga plc (the "Company") announced on 10 September 2020 the details of a proposed Placing and Open Offer. The Company has now successfully completed the bookbuild process for the Conditional Placing and, subject to the conditions below, has raised gross proceeds of approximately £74.8 million. Shareholder Approval on resolutions to be voted on October 2nd

Many thanks bigsmoke. Bit of a case of biting the hand that feeds or possibly even saves! I was surprised to see this company is currently over 60% owned by institutional investors. It appears that it was Mr Sutherland who made overtures to Sir DeHaan in the first instance. He needed to act swiftly and this was possibly his one and only defensive move. If there is more than one predator and the first offer was for over twice the current market cap and the former owner has paid nearly double the market price for part of his initial offer then clearly there is quite an anomaly in the current sp. There is a lot of confusion surrounding just about every aspect of the company. Why would DeHaan pay 27p a share and why is the placing offer so low @12p? I think this must have been a tactical move to get the shareholders vote of approval. Although DeHaan has said he is prepared to purchase any shortfall in the take up of the offering, its pretty likely to be fully subscribed if approved. It had to be a good deal to be sure of deterring any more bids. As Pokerchips has pointed out, there are many reports about DeHaan's ownership being between 15 and 25% after investing £100 million, depending on how much if any of the offer is not taken. That doesn't make sense at todays value of 160 million plus the new money, 150 million making 310 million. Unless of course the 400 million plus debt gets added in. At the valuation when the plan was first hatched would have been 470 million which would just make DeHaans new holding within the rules of the takeover panel. Just wondering if the price of 27p for DeHaans first purchases. was worked out to be sure of not breaching the takeover regulations. As you say bigsmoke its going to get more interesting yet no doubt. Will there be a counter offer? I think they may have done enough. Depends whether investors have had enough and want the short term outcome or wait more for the longer term.

I totally understand people being disgruntled with the recent performance of SAGA. There is in my opinion a distinct disadvantage of American investments companies taking over British companies in markets that are often very different from their own. You have to ask yourself do really think DeHaan needs the money? He walked away with a very healthy sum of money leaving behind a very healthy profitable business. What did he do with his cash pile? He invested much of it in his home town Folkestone, a typical seaside town a shadow its former glory with the highest owners of Rolls Royce per capita in the country during the sixtes apparently. He invested in underperforming schools. He created a new college. He supported and nurtured the arts. He bought and restored the near derelict harbour and to a thriving attraction for the community and tourists. I know he has his critics but I dread to think where Folkestone would be now if not for his intervention and driving ambition to help a declining town from where his family fortune was built. His parents came from Eat London to Folkestone and started a hotel which in turn founded the Saga group. Of all the terrible crimes, they were immensely successful. So if you want to talk of robbers I think you need to turn your attention to the investment companies who failed a successful thriving business which they probably saw simply as a gravy train. I would think it would be of some pain to see the family business floundering in incompetent hands. He is undoubtedly in a very fortuitous position to be able to try and rescue the firm with a fairly small percentage of the proceeds from his original sale. None the less 100 million is not an insignificant sum to start up again for someone in their seventies. That is the good fortune of hard working successful people.

Max . you are entitled to apply to buy 5 new share for every 9 you currently own . So for ten thousand shares you can buy approx 5555 new ones giving you 15555 shares in total . This would bring you average price down to around 18p per share. nearly half the rejected takeover offer price of 33p a few weeks ago. The placing shares would cost you £660. I have ignored all dealing costs in these figures where applicable, which doesn't amount to that much. A petty good deal with real business men back running the company and much pride at stake I would think. As I said earlier today, having DeHaan back at the helm is a game changer for me and I expect will bring a host of new investors to the table. The consolidation is for two purposes. Reduce volatility and many people won't invest in stock below £1, so the sp will be around £2.40 after consolidation. Your shares will have the same capital value as before, just less number of shares. Many large companies do that, most notably RBS recently. Whether it works or not is questionable. Purely psychological really. You could gamble that the sp will drop below 12p and wait to purchase in the event of that happening. It is possible but not very likely unless we have a substantial market correction. GL

I don't think DeHaan is getting too good a deal. He is a very shrewd and capable businessman who can't understand how current management screwed up so badly. He is investing about 8% of the proceeds from selling Saga to buy back 20% of his former 1.35 billion family business ruined by inadequate management. Its no brainer for him. He would probably rather have continued with other interests but needs must. There is bit of a clue in the rebuttal of a 33p per share offer, but we don't know what the conditions were. His reinstatement at the helm is a game changer for me. Not without risk but I am unaware of Dehaan failing at anything.

I think people forget that ANP is actually a biotech company. Th p/e ratio could fall as revenue and profits grow or they are well placed to make another earnings enhancing acquisition for the right opportunity. They have a very healthy balance sheet with over 13 million cash ab another 8 or so in assets. Whilst growth has been steady but sure, with a market cap of 97 million and enterprise value of 83 million I would argue that this really is not expensive for a company in a position of strength and undeniable prospects

Trump wants people to illegally vote for him twice. Or is it he means he just wants people to vote for him again. He is the most misunderstood person ever after all especially by himself.

Pentest, a Shearwater Group plc company, has teamed up with JoinZoe to assist in the security of their COVID-19 symptom tracker application on a pro bono basis. I have just signed up for this. Good to see a company like this helping out

Correction. The RNS that has been attributed to SWG but is in fact a Norwegian company presumably confused GeoLang with Geoservices.

'no idea where the next contract is coming from?' Come LSE RNS:HANOI, Aug 21 - Shearwater GeoServices SWGS.L
said it has won a contract to conduct a 3D seismic survey of an
energy block offshore Vietnam on behalf of operator South
Korea's SK Innovation 096770.KS .

The survey will cover an area of 900 square kilometres in
block 16-2 in Cuu Long Basin, it said in a statement on
Thursday.
"This will be Shearwater's first seismic survey in Vietnam
and our first project for our new client SK Innovation," said
Irene Waage Basili, Shearwater GeoServices chief executive
officer.
Shearwater has deployed the vessel SW Duchess for the
survey, the company said.

Yes the full year result was a 1.3 million loss as clearly stated in the results, substantially narrowed from previous years partially through cost savings. and also a 41% increase in revenue. Underlying profit is what interests analysts and these results are now audited. Plenty of other positives and green shoots if you look for them. A very experienced team with good track records. Plenty of industry awards. Plenty of investment from directors with their own cash. No denying Its a risky turnaround stock. They are well placed for 'targeted acquisitions.' Next year will be key as to whether its reorganisation has worked and can build on the initial improvement in this years results. Slightly disappointing that there has been no trading update for this quarter, obviously targeted acquisition still not reigned in but maybe its simply too early yet as we are not even certain to be out of lockdown, or have a safe vaccine, as the Russians claim to have after less than 2 moths of trials. You have to take a view, If you don't believe in it then sell. If you do believe in it, it will probably take more than a couple of months of patience.

It is misleading, but on London stock exchange they simply list the trades they not not suggest whether it is a buy or sell because it is a transaction between two people a buyer and a seller. The most important information is the direction of the sp. At the moment the direction is negative because the company having delayed the results and building expectation had very little news to tell the market, somewhat of an anticlimax after the placing. They are in an excellent sector of the market so providing they can prove that their maiden underlying profit can be sustained and improved on, sentiment should change. Simply telling the market over and over what you do is not really proof of a successful story.