Love your honesty and the prudent mentality...it feels like a change is happening generally at saga..there is some good publicity and the addition of this marketing thingy mabobby for the travel side points in the right direction...I’m not sure if you or someone else said it but the biggest risk is this being taken private..I agree this is the biggest ‘risk’ if you want to multi bag and them stating ‘debt’ as the issue..still think £7-8 is realistic
Was a tad surprised by the rise today, was expecting a little pull back. Tomorrow will be interesting, I’ll be up like a kid at Christmas waiting for the 7am RNS tomorrow..Banbury / beach et al thanks for all the valued input. Hopefully good news tomorrow followed by a more positive travel update on Monday (which is nailed on IMO) will get us back above £4 and moving swiftly to £5..good luck all.
Hope I’m wrong here but I think we will be disappointed with the results and the market reaction..the way the share price has reacted in the last few days normally tells a story..I have my fingers crossed for good results and positive market reaction
Really happy with this week, the sp seems to have settled which I’m sure has settled all of our nerves..the price would have dropped 10% plus a week or so ago on the news of the cruise push back so to see us be nice a steady this weeks gives great confidence for the coming months..we may have a new baseline price at the £4 which for many on here represents a good return already..can hopefully relax a bit now and watch the investment grow further knowing we’ve got a good buffer if we do hit a few bumps..next target £5
I also banked the profit today..been a great ride so far and I’m expecting a month end pull back tomorrow, cash waiting to dive back in at 4.29pm! ready for the next leg up next week when we hit 20million vaccines ..Knowing my luck will announce cruise sailing tomorrow!
To build new apartments in Manchester is approx. £200sqft so £200sqft for just fit-out seems ok..you are getting the substructure and part of superstructure for free..I.e the foundations and building envelope is already there..seems sensible valuation to me depending on what apartments sell for..
Just checked rightmove...2 beds with good views go for upto £750k...if we said £500k x 100 apartments = £50m+ Deduct cost to refurb / fit-out..say £200sq.ft x 70,000sq.ft = £10.5m x 20% for fees etc & 20% for developer return on investment = £50m - £16m (cost to refurb, professional fees & profit for investment) = £34m land value...very rough calculation depends on sale values and actual Net internal floor area of existing property..give myself a 20% either way margin...would say sale value between £28m - £40m...
70,000 sqft office...assume 100nr 2 beds apartments can be squeezed in..or 140nr 1 beds..will be very appealing for developer that wants to buy a commercial property for an easy permitted development scheme..these are what developers look for..the council can’t do anything about it! Will be snapped up
Likely..I work in construction and it’s relatively straightforward to convert commercial property into residential through what is called permitted development i.e. you don’t have all the red tape of a normal planning permission. I’m not sure what area of building is but if you work on basis of 700sq.ft per 2 bed apartment you get a feel for how many apartments you can squeeze in..it maybe more beneficial to knock and build nee houses depending on size of plot!