Member Info for Roguemale1

Yeah, new cruise ad during Sky F1 at the weekend....

Looking forward to seeing the figures.

Decent first day at the office!

Gresham increased to 10.8%....nice.

Doesn't look like they are succeeding. Weren't many below 0.12 a couple of days ago. Current price is mad wrt NAV and cash mind you.

Well I hope so; I've doubled up but I doubt it based on that post!

Yeah saw that Rupans-I think its just that people are realising that in less than 2 years now it could be a consistently profitable business paying a dividend with a clean balance sheet, and that would be worth a lot more than 2 quid. Roll on late September!

Has indeed gone to a buy as someone predicted.....may close a few shorts

Alnwick-he's a SAGA investor, he'' definitely be wanting the dungeon/torture chamber!

Thanks mate, I will take a look at it

Cheers Rupans,

Well as I said a while back I think 2027 is def a sweet spot for a few things coming together- cruise debt, leverage and exec team boneo etc .... Where do you get the 35 from insurance?

Agreed, a few examples out there I'm sure.

Rupans, what was the make up of your £100m? Surely the insurance position is still not clear?

It doesn't say SAGA insurance-Saga overall I would think-includes cruise and travel and anything else! And us lot lol.

Hi Rupans

I wouldn't worry about what's shown as buys or sells on here mate, I bought a few more this morning and its showing as a sell...I wonder now whether the market has accepted the goodwill being written off, ..it'll be zero soon enough or they leave it as is. Either way not long until a profit appears without the word underlying being used...GL

Kipper, that's interesting re COST. It was my largest holding and being in that line of work and knowing a few there I wasn't worried (much!) when it dropped to 35p. When it kicked on to a quid the UAE boys placed their shares without any clarity on where they had gone. I sold..big error as it turned out. Made money but could have had another bag. I always look at previous market caps, and its worth noting that COST is now above it's previous best despite not yet paying a full divi.

Perhaps with their involvement a MC new high might apply here also at some point!

No action for now-dunno-have held US before with no real drama... I dont know. There seems to be no real exodus so far anyway!

5m shares for the balance of the Spanish interest....

ie £5k at current sell price approx. Cheap huh? Unless someone thinks they are going to be a lot more? Interesting. Or am I missing something??

Only that they have steadily whittled it down and there's one lump left effectively. For the sake of one more year of a paper loss, why not clean it once and for all? If RDH ever wanted to sell it then its a better proposition with a clean sheet.

That's only my personal view obviously, and has been for a good while. Of course anyone else could take the view that even if they did clear it, the next year would be great so it may not bother the price at all from here?

I think it is yes, but there are a few things weighing still. The insurance take is not yet clear-anyone disagree? Dividends cant be paid until 27. There is a still a lump of goodwill on the balance sheet which imho they will get rid of this year. Good times almost on the horizon..

Https://corporate.saga.co.uk/media/1358/20200906-saga-capital-raising-rns-vf.pdf

There was some follow up stuff but this is the gist of it.

Oak bloke has run a piece on this today. He's a fan but its balanced, but the bit that caught the eye was that he highlights that the best rate to watch for BTR lending was the 5 year SONIA rate which has been falling this year. We may wish it to be falling faster but its going in the right direction. Lets hope for a couple of completions in the next update...