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But then "place of transaction" was LSE.

Data on this website is generally unreliable.

Purchase is not showing on the list of trades on 30/6/20 on this website. Could it have been a private deal, I wonder.

In the current context, I think the news of the inaugural sailing is critical: when a company has only one ship, commencement of cruising by its second ship is pretty significant, particularly when cruising is currently paused anyway. That's certainly the way the market should see it, having savagely (and unjustifiably) marked the company down on its cruising business. (By the way, Carnival has about 100 ships, so I wouldn't expect them to make a song and dance about every addition to their fleet).

Like you, I'm more interested in Saga's much larger insurance business. Margins have fallen, but they still consider the business to be "resilient". Travel insurance has fallen off a cliff, but I imagine it's now coming back strongly as foreign holidays are back on, especially as Saga are now one of only a handful of companies covering Covid-19. Reserve releases in the underwriting business amounted to £20m in the first 4 months. If they continue at the same rate, the full year amount will be £60m, against £40m for the whole of the prior year, so an improvement of £20m. I'm not as concerned about goodwill write-offs as the company's ability to service its loans, which I am comfortable with given all the measures taken, including suspending dividends.

Roguemale1: but where was the news about the inaugural sailing on 5 November? No mention was made in the trading update. They seem to have told journalists without telling shareholders.

The update merely said "latest indication" of date of delivery, and no mention of the date of its inaugural sailing.

We're now talking about an ACTUAL date for the inaugural sailing - there's a big difference.

So it is definitely a surprise to me, and like I say massive news. But if you already knew this, how did you know?

Telegraph, 29/6/20: "Spirit of Adventure will set sail from England’s southern coast for a 17-day itinerary from November 5, heading to the Mediterranean before returning home to the UK. Ports of call include Monaco, Naples, Barcelona and Gibraltar, suggesting that the cruise line expects entry requirements in each country – including Britain for when travellers return – to be relaxed".

Considering the company's previous announcement that the ship might not even get DELIVERED till 2021, this is massive news.

So why no RNS?

We don't need new ideas or new money. We just need the UK economy to get back to normal.

According to the BOD, it is a bargain - they think it's worth around 26p.

With only about 50% of the shares in the hands of PIs, ie 25m shares, we could be heading for a decent level of turnover today of perhaps 1% or 250,000 shares. It is only one day, though!

The 55k looks like a sell to me. But even so, buys are heavily outweighing sells today.

I don't think Leicester will be one of SAGA's ports of call somehow.

Maybe a potential takeover OF Trak rather than BY Trak. Could explain part of today's SP action.

Good to see some action for a change. Barclays quoting 15.8p to buy 10,000.

Market is liking the update.

The two new directors are now free to buy.

If they genuinely have confidence in the company's prospects, why wouldn't they buy a decent number, say, 100k, at rock bottom prices?

On a quick read, my overall feeling is one of relief. The company is soldiering on.

This year is unlikely to be spectacular, but it won't be a disaster either ("Revenues from new insurance contract wins now compensating for the impact of Covid-19 on the overall market with recent device shipments ahead of last year.").

As regards the SP, the negatives, and more, are already priced in, I feel.

Eurostar returning to full timetable from Monday. Things are hotting up....

Saga is in a better position than most other cruise operators:

“We are also exploring a number of options for when we are able to resume operations which includes looking at cruising around Britain with and without ports of call.”

“We are very fortunate that, although we have small ships by modern cruise ship sizes, the twin vessels are big on the inside with generous public spaces, a high passenger-to-space ratio and lots of outdoor space. We feel confident we can socially distance on board.”

Having smaller ships, there won't be "thousands of people" arriving at Barcelona etc

No news on the website about its first sailing, only that delivery now expected by end of October.

Explosion in summer holiday bookings ought to be fantastic news for Saga, or more to the point, its SP.

It would be odd if there wasn't an RNS from the company in the next few days...

Under the RSP announced today, the CEO for example gets 2.7m shares in 3 years time - without paying a penny.

Basing the number of options on 18.04p seems over-generous, but the Remuneration report approved at the AGM did at least say:

“The [Remuneration] Committee is conscious of the current volatility and low share price of the Company, due to the impact of COVID-19 on its cruise and tour operations division, amongst other factors. In order to protect all stakeholders, the Committee is proposing….a reduction in the value of the initial 2020 RSP awards [to 70% of salary, from the standard 100%]”.

The implication here is that the company believes that a more reasonable level for the SP at the moment would be more like 26p (10/7 x 18.04p), and that the insurance business cannot be held responsible for dragging the SP down. So some good news for PIs!

Also, at least PDMRs can’t pick up the shares for at least 3 years, and then they have to keep them for an additional 2 years before cashing them in. This is comforting, because I doubt if many of us have a more than 3-5 year horizon...