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Looking back to this time last year....
More than double the number of posts and posters 0700-1030. (Yes I know, I need a proper job again)
Price well north of where we sit now, with some stronger numbers.
So probably less PI interest and anyone else is waiting to see how the goodwill is treated this year and what happens with this ship lease/whatever thing in the meantime? I think only a deal on the ships, a deal on insurance or the final numbers without a heap more goodwill written off is gonna shift it. Hope I'm wrong tbh plenty of others on the watchlist need top ups!
I thought quite neutral tbh. Some will be thinking not going fast enough I guess.
Analysts expected to be at the Gee Gee's so delayed by a few days. New date expected shortly.
I had it down as 14/3/24 but anyway it is indeed now showing as TBC. I emailed IR but whether they will reply is as usual who knows...
Hmmmm
We're at 160 because someone took 10m shares out of the free float. Lets hope he holds them longer than us.
Would have said you'd get your 390 no problem as things improve and I've always thought the 6 quid incentive for the board would get hit one way or another because directors incentives always do. But now if things are done to split then presumably we have to take a hit on the ultimate return because someone else is coming in. How bad that is we will have to see?
Oh dear. Ok.
Aspers look, my personal opinion on this is that I value contrary views. I don't filter them. I call out sheet if I think its there but , back in the day old Smorty made me laugh and he was better than me at crafting Saga based lyrics from old songs (well it was Covid...). He was roundly attacked on here (Thomson that's you), but he was honest when he was short and when he went long and when he got out, citing the debt. Funny that-I think I've heard that recently??
Billzo has stated his opinion and stated the basis. He hasn't just said "my research says its wonderful". If it hadn't been for Babu we would have seen the £. Or are you saying you knew about that all along?
Amazing how someone who almost boasts how much he's lost on other shares wants to be taken seriously on this one...
All quiet here.
Hopefully the long suffering will be rewarded...
Billzo, you're index finger must be twitching in anticipation!
Bolly and strippers all round!
145?
Isn't that what they call a self-fulfilling prophesy lol..FFS!
Slight update to those figures. I found the 22/12/23 list and there are only a couple of changes since then HBOS and Babu. SO their % change period on the table of holdings must be longer than that...
But still going right direction obvs.
"It has climbed 28% since the last Update so the market "may" be pricing in the Update "
It may indeed, but in that period Babu has taken out 10m shares. A look at the current top 25 holders (using https://simplywall.st/stocks/gb/insurance/lse-saga/saga-shares/ownership) indicates that whilst a few Institutions have reduced, several have increased by a double digit %age resulting in a nett 4m plus increase in the top 25s holdings in the period. The information shows Babu as no change in the period so must be recent and his 10m is outside the 4m increase.. Saga staff ownership plan have increased substantially also.
I last looked at that a few weeks ago but managed to accidentally delete the last print, so can't say what the overall position is since then..... but I will keep an eye going forward
Looks positive....
Gonna need a bigger boat....
TTNY
I think the key phrase there is forward looking... I think there will be progress but most insurers are acknowledging the increased sales values are only just filtering through now. And they don't have the 3 year ones to work through the system. I think barring something unexpected it will be going in the right direction but not expecting it to motor yet. They freely acknowledge that the debt needs to come down and the insurance is slowing that down. I think it will be like our other play COST where the good results have already returned, and they've been forced to re start the divi but its only steady progress on the price. Divi years away here.
As for our UAE friend, who knows what until his intentions are clear? I'm a few thousand shares higher than last year at this stage but holding back on adding further until after the update. Anyone else have a view?
Yawn.
Yes. That is how I see it. 1000 shares today, say £5445. 1000 shares in FR today say 6352 Euro.
The only difference trading is that you always have a forex commission which HL have at 1%.
Well its a fact that in my example 1 share is 50% of the cake. Whatever currency the value of that 1 share is quoted in is not relevant to the % you own of the cake.
I'm not saying that £1000 of TUI shares will suddenly become 1000 euro? That's not logical. What is logical is that at the point of transfer, the MC in GBP is converted to the same in Euro. Where Frankfurt takes it after that we shall see if it goes through.
The Kuchen is the Kuchen. Half a cake is still half a cake. its 50%. And the price you pay for the half a cake is the currently the UK price or converted to any other currency. And going forward it will be the Euro price converted to any other currency. Not same thing.
Market thinks the Kuchen is currently worth £2.76Bn. When it goes to Frankfurt there's no reason for that to be different, but converted to Euro. The price will be converted to Euros as it is now for anyone based in Germany who buys TUI. Same as my earlier example of buying JEN-transaction is in Euro. MC is different in Euro today by the exchange rate.... You still own half the Kuchen, and the value to you will be the Euro price converted to GBP less a forex commision on trade.
I am also with HL.
I suggest you pick a Frankfurt listed stock and do a dummy trade. I chose JEN. MC less than TUI not that it matters. Trade was offered at usual dealing fee plus 1% Forex charge, as per their trade costs page.
In terms of numbers of shares, unless the company is going to issue more shares or consolidate 1 share will be 1 share. If TUI is a cake and there are 2 shares you get half each. Doesn't matter where in the world the cake happens to be.
Thomson,
Well I'm glad it made you smile. but it was kind pointing out that just posting good news trust me I'm a doctor doesn't really say anything....
I don't know if it's good or bad. But if he hadn't then gawd knows where the price would be right now. When his intentions are known then we will know. Until then.....