Member Info for Roguemale1

"Who exactly are their pay masters ..they aren't doing this just off their own steam"
Doesn't really matter does it? My point was the reaction to the question.

On that subject. I think it was the Numis analyst in the Q and A this morning who was exceedingly dismissive of the ability to sell it in the current market. And both CEO and FD were adamant that they could get it away at a decent number with completion H2 2023.
Which to be fair Billzo, after what they said this morning if they don't then I'd be closer to your view on management.

Hi Billzo. I agree and disagree.
There's an old construction saying-You can only p**s with the c**k ya got. The management team weren't there when the initial price crash happened, they didn't start covid and they didn't start the rampant price inflation. I think the FD looked a bit flaky this morning under questioning mind you. They may have it right but it is going to take a few years to get there and in the meantime there's better things to be in I think. I'm still in but have reduced heavily.

Spights-I didn't say I thought it was going under. I don't think it will, the question is what will the share price be to make money on growth and/or dividend. If there's nothing to move it between now and next year, then why keep capital tied here? When the FD couldn't answer a question on run rate for river cruise without going around the houses a few times, it was a concern to me. Its a different market to when this last did +25% in a day. If they release good news now you'd be able to jump on at a 5% premium at most I think. That's the point here now isnt it?

Banbury we were typing same time-SNAP!

Spights,
As long termers will remember my initial view here was that once the negative goodwill and Covid had gone, the underlying picture was good. Unfortunately the negative goodwill is still here, and other factors (some industry wide) are still dragging on the numbers. Some clear indication is needed of when they will be back in full profit-not just underlying.
What is your investment case here? What EPS are you expecting, when will dividend return? Its all rather on the long finger so no reason for an II to make a major purchase and PIs are thinking they can do better in the interim and come back later. The fundamentals are enabling the shorting but if they weren't what they are the picture would be much brighter.

Well I told you that already!

Just finished listening to the presentation.
Dunno really. Insurance is clearly an area where the Institutions aren't buying into the idea that SAGA can shift the underwriting business anywhere near its NAV.
But travel looked pretty bright... Anybody else dial in in the end?

Coming back a bit-when to put back the chunk I sold yesterday....Think I will dial in and see what happens after that.

You should have waited a bit longer. Spiking down now

Id say may be interesting. What the pro's think will dictate the direction after that I think. It comes down to whether you believe that say the world in 18 months looks like they want it to...

Anybody dialling in at 0930?

Doesn't bother me good luck with it.
Sold a few held onto more...

40 minutes left.....decisions decisions...
Smort says hi Banbury

I'm not Roguetrader mate, lol. Then again you used to call me Rouge at some point so I suppose a minor improvement.

Smorty would be up for it....

Banbury,
I merely believe that is a good ale house. I went past it a couple months back and thought of the age old plan.
And in these uncertain times, old friends and acquaintances, whether ever met or not, should be cherished...
SO if the old girl puts a pound on from here I'd be up for a little £2,50 action is all...

Banbury put his ass on the line and put some calcs on here-how many others have done that? The people who were diving in here in 2020 believed that Covid would blow over (it did eventually) and that the basic premise of the business had had its dirty laundry washed out. (The covid part took a little longer than we would have liked)
The current insurance margin issue has been caused by most of the world deciding to repair its balance sheets at high speed post covid (anybody baulked at London post covid hotel rates recently?) . I have a motorhome that I bought in 2019 which is worth more to trade it in than I paid for it...(and effectively you may as well say anything motor related has risen in cost-the final balloon payment now nets you double)-the world is on its head. In my industry, construction, my peers are asking steel and concrete suppliers how they can justify their latest price increases. They can't obviously. There is no logic. But I know one thing, it can't last forever. SAGA have adjusted their sales cost and at some point that will give a double bubble return. And cruise is good we think..
So maybe some should stop looking at the situation today, and think 2 years ahead.
And as for the weekly short report, that can change very fast. Nice one at PFC today, so who cares. They push it around on low volume as ever.
Anyway GL all those invested here. Ride the wave when it comes.

£5? That's the problem Banbury, you're not keen enough on drinking...
I didn't mention a figure. Smort (and I suspect others) would be up for a £2.
And some of us chose not to sell at 440 did we not?
Aaaha Sailing and Shareprice in a Coma days huh? All Covid bored man and boy lol.

York Station-just sayin like?

68/65 live