Member Info for Pianista

I agree the SP could conceivably test 200p short term, eg if Setanta keep selling and there's a no deal Brexit to which there'd no doubt be a knee-jerk (over)reaction. However, that'll be great news for those who have yet to climb aboard this already vastly undervalued share.

On the one hand, a consequent drop in the £ would increase the £ cost of $250-$300m purchases p.a.

On the other hand, "discretionary categories, such as cycling, camping and travel solutions, could benefit from an increase in the number of people choosing to stay at home rather than holidaying abroad; a trend that we observed in 2009", per the recent interim results.

From the 2020 Annual Report:

"It is estimated that at worst a hard Brexit would only result in import tariffs up to a maximum of 5% on WTO terms for
some component supplies".

And in Peter Mansfield's optimistic look ahead to 2021 on the Trak website, Brexit is not even mentioned.

Fair point, spindok.

spindok - Miton may still be holding 7% odd, as per their last RNS.

If so, let's hope they stay with us for a sustained rise in the SP to 10p+.

Banbury – as investors, we certainly do need to try and identify and understand all the risks. Re RDH, I’m reassured by FJG’s useful post. Anyway, RDH is now privy to inside information, eg latest management accounts, confidential discussions with the Foreign Office, so it would be difficult or impossible legally for him to increase his stake at the moment, even though the next close period is probably not till the start of Feb 2021. So I won’t be losing any sleep over this – for the time being…

On the up again?

Thanks Doofus. No, I didn't know that RDH had already taken Saga private once before - presumably that was 30 or 40 years ago.

I won't be so shocked now if I see an RNS tomorrow saying he took the opportunity to increase his stake when the SP dipped today!

But that would be a bit of a blow to us long-term holders dreaming of £10+ down the line.

We're still waiting for another RNS I think, judging by the trade data.

Or perhaps the trade data was wrong.

Weird apostrophes! Is that a new trend?

Ddawud88 - but you're just guessing at short term volatility, and seeking to trade the unpredictable ups and downs, which is a fool's game.

Those who mocked are probably more interested in sitting back and holding for a more predictable £5+ in a year's time.

I liked this bit: "Ultimately, I am confident that 2021 will be a year of growth and opportunity".

This could be the reason why the SP has ticked up this morning.

But makes it more puzzling as to why he hasn't put his money where his mouth is.

Can't really imagine Sir Roger giving his blessing to a bid. However, having said that, life is full of surprises, and he is only human, and we don't know his personal circumstances or private thoughts. So who knows? He might well be attracted to the idea of turning his £100m investment into £300m in a matter of months!

I agree aspers - it's so frustrating.

Yep, she's champing at the bit...

It's easy to get carried away, and dream of 15p, 20p, 30p.....but I'm not banking on any more than 10p at the moment either.
Mind you even that is a 50% uplift on today's SP.

I wouldn't expect any upward movement beyond that until we've had more news confirming the company's recovery - or a bid.

Yeh spindok, it's good to have a busier BB.

I have a feeling there'll be lots more happening this week, so plenty of opportunities for insightful comment!

Fingers crossed, onward and upward!

portswigger - let me know what Johnson comes up with in due course - I cannot bear the sight or sound of the guy!

So 30% up on the day. The market has spoken.

Another director's purchase yesterday, this time at 24.5p. He obviously agrees that the only way is up...baby.