Member Info for Pianista

sj - I think it's largely just a reversal of the overreaction yesterday.

10 July 2019, inaugural 2 week cruise around the British Isles, £3,999 pp.

Shame Trakm8 not mentioned in the article.

rxdav -
I. I do understand the difference between Saga and Thomas Cook; it's others that are confusing the two. What is true is that the tanking of Thomas Cook is affecting sentiment towards Saga.
2. I'm one of those "poor buggers" who was in at the IPO, so I'm well-qualified to know how thin the patience has worn!
3. Companies don't necessarily need tangible asset backing. As long as Saga has a steady stream of profits, I'm not unduly worried about a mere accounting adjustment to goodwill. If the company were making £500m profits a year, no one would give the goodwill figure a second glance.
And who's to say it will need a further write-down this year anyway? If my back of fag packet valuation is correct, it won't need one.....always subject to management pulling its finger out, of course....

Some seem to confuse Saga with Thomas Cook, which obviously isn't a helpful comparison at the moment. Investors' patience has also worn thin.

It is true that both companies have put through a large - in Cook's case humungus - goodwill write-down, but Cook is loss-making while Saga continues to be profitable, and should make well over £100m this year, especially with a £20m contribution from the new cruise ship, which should be relatively immune to Brexit.

This implies a billion pound valuation for Saga, whereas the current SP puts it at only one half that. Current SP weakness should therefore be temporary: whatever happens to the SP in the short term, it should in time climb back to nearer 100p.

Now is not the time to bail out.

No investors left in this, just gamblers who will see their stake double or disappear....As a Flybe veteran, I'll be steering clear.

Topped up at 8.06p

Assuming earnings per share of 1.5p, ie a material (>10%) reduction from the market expectation of 1.7p, and a modest P/E ratio of 10, the SP should quickly return to 15p. Dare we hope for 20p by the end of the year?

The parallels with Flybe are uncanny. Forget any responsibilities towards PIs, the BOD will gleefully sell their soul to the devil, aka Branson.

Marlen, the other side of the coin, though, is that there are a lot of dishonest people around these days making fraudulent claims.

Never having made a claim in my whole life, I'm appalled at some of the stories I hear, and companies are right to be wary.

Sorry to hear about your frustration, and I hope your claim is settled at the end of the day. If not, perhaps at least you'll get back more in terms of enhanced value of your shares due to Saga's efforts to keep fraudulent claims to a minimum!

Disappointing - the diction is terrible. So it wouldn't work for me. Fortunately, though, I'm already a customer (and shareholder).

Most would be happy to claw back even half their losses!

Busy boards like this need two distinct streams of posts, one for those with the time and inclination to watch hourly movements, and possibly trade them, and one for those who take a more relaxed longer-term view, ignoring the short-term "random walk" taken by the SP, in the knowledge that with a fair wind it should double by the end of the year.

So you're the other PI, Ferdi!!

Wrote it off as a waste of time chasing for these scraps. Good luck to you if you get a worthwhile portion.

Deathly quiet on this board. Am I the only PI left in this?

"10 days away from another chunk hitting the market...."

I don't understand the concerns. They won't "hit the market" unless placees want to sell. Judging by the buoyant SP, the market doesn't think they will.

Fellow Barclays clients - the ham-fisted way they've dealt with the OO - which they incorrectly call a "rights issue" - doesn't leave one with much confidence in their ability to get things right.

In the end I just applied for my "full entitlement", ignored the "additional shares" (which I doubt will amount to more than a row of beans), and took a screen shot of the final confirmation page, just in case.....

PhilBanks - you'll let us know how many of the 15,000 you're allotted in due course, won't you?

I can't see how anyone is going to get any "extra shares" (to speak of).

The basic entitlement is only 1 for 22, so especially now with the shares trading well above 15p, most shareholders will be taking their basic entitlement in full. Only those shares not taken up will be available to those applying for "extra shares".

That means there'll be precious few shares left to satisfy the demand for "extra shares".