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Not only is Carnival up, but the insurance sector is also up today. So to say Saga's cruise business is only a sideline compared to its insurance business doesn't explain the disparity in today's SP movements. As I've said before, I think the market is waiting for the Foreign Office to formally announce that cruises may resume from early next year, spring at the latest.

Banbury - by “historical comparisons” I was referring principally to the ongoing comments in both this thread and others, which attempt to compare the SP now with what it was in years gone by. It has certainly been fun to draw this kind of comparison, but to see where this share is heading, we must now look forward. The work you and others are doing, for example on cruise bookings, river cruises, and your comparison with Hastings - which will throw light on what might be an appropriate P/E ratio for Saga - I don’t regard as “historical comparisons”, rather as being very relevant to the task in hand.

Sorry for the misunderstanding!

CRU has certainly caught investors' interest.

Has already reached 7p to buy, which is approaching a 30% uplift on yesterday

May not get to 10p as soon as end of play today, but that's still a realistic short-term target.

Thanks Batfasted. And judging by your humorous nickname, you're a substantial shareholder in more ways than one!

Carribean - welcome, m8, and good luck - we all need it!

As a substantial shareholder (and I’m not referring to my waist measurement), of course I want to believe that this will multi-bag from here. However, fascinating though historical comparisons are, our focus must now be very firmly on the future, in particular the prospective EPS.

FWIW analysts have pencilled in EPS of between 13p and 78p for next year, which just goes to show the huge uncertainties around forecasting at this time. We won’t really have a much firmer idea about this until we have seen the detailed results for the current year in several months time.

For the time being, personally I’m working on EPS of 50p, and a P/E of 10 (a guesstimated blend of the insurance and tourism sectors), which implies an SP of £5 – still a doubling from current levels (and a reason to be cheerful!), but not yet a “multi-bag”. I do have faith that we will get there in the end though.

Mr BB - when a company from whom we have come to expect so much disappointment comes out with "solid" results against the backdrop of the unprecedented challenges of Covid, that represents a "stunning" performance in my book.

We will see in due course whether the market agrees with me, which in the end is all that matters.

We're also due another holdings RNS today, or perhaps it'll be delayed till tomorrow.

SP in double figures by the end of the day wouldn't surprise me at all.

Opened at 6.3p to buy, ie 15% up on yesterday's closing.

But we ain't seen nothing yet!

Surprise, surprise. I thought they'd beat their deadline, but not by several days.

Stunning half year results. Underlying EPS .93p will surely support a massive rerating today. If we assume a modest 1.5p for the year, and a conservative P/E ratio of just 10 (MACF's is 14), this would suggest an SP of 15p.

This would give the company an MCap of £12m, against which the reduced net debt of £7m does not look at all excessive.

A good start to an important week. Let's hope the momentum is maintained through the results and update (which I'm sure they will try and get out a day or two before their self-imposed deadline of Friday).

As I write, I see there's a new RNS confirming that Miton sold 3.5m shares on Thursday (to PG of course).

I expect we'll soon hear that a further 3.5m went to PG on Friday, taking Miton down to 3.15% and PG (presumably) up to 8.38%. We will see!

He managed to buy 3.5m at 4p - beats my top up last week at 4.5p.

Anyway, the SP is now starting to respond - 5p to sell - so he's already showing a 25% return.

But no RNS re Miton yet, so we don't know if they are completely out.

That's institutions for you, Mr BB.

To their credit, though, they have been consistent: they bought (@25p) at the wrong time, and they've now sold (@4p) at the wrong time!

...will show a substantial improvement over the previous 6 months and also an improvement over the comparative period".

This, together with the Peter Gyllenhammar news, should give a much-needed lift to the SP this week.

Yes, as we thought. One of the 3.5m sales was a buy - by Peter Gyllenhammar, ex CEO of Volvo.

I think the market is waiting for an announcement from the government re resumption of cruising, which could come at any moment.

This website is now showing delayed publication of 4 "sells" of 3.5m at 4p (tho' some could be buys of course).

So it looks like Miton are out, or largely out. I wonder who took such a large holding off them. Could be a stakebuilder, I suppose.

Could be the catalyst for an overdue rerating to around £3.