Member Info for RoxburyHouse

You are most probably correct but if he had would it have stopped him? I doubt it. Wouldn't stop me.

Shorts are just part of the deal now in this game. Truth is they can work to your advantage because it genuinely does create a short term buying opportunity.

When the tide turns it will happen quickly but nothing is going to happen here until the very earliest January so Lombard (imo) will keep it open until at least then hoping people are going to panic sell.

Personally I think they have made a big mistake though because they have already gone and only the hard core are holding these now. Ha ha

Oh yes Carlost for sure I know just the place.. I’m sat here now! Ha ha

Yeah good timing Beach! Well done mate.

Ha ha Jed I don’t own that many - I wish!

I’m waiting on a house sale atm and if all goes to plan then I am seriously considering taking my holding upto 1 Million (shares not £!) and if I do I will put it on here at the same time as I do the deal to show I’m not a Billy Bull sh I tter.

I really believe in Card.

Again I agree. The £5m penalty comes into effect only if the payments are unable to be made. I forget the exact wording but early payment of the debt was not only allowed but ‘incentivised’.

The gamble with this share was always whether the shops were ever going to be locked down again.

As each day passes we have to agree this becomes less likely and more more importantly Card are making £ and lots of it.

The Director buy this morning is great news and about b l oody time. I hold more shares than half of these characters.

Easy double from here guys.

Include the extra Billion shares in that statement and you have got yourself a deal! Ha ha

Ohh Rupans you are so annoying!

I thought we were agreeing to disagree?

The offer at the time was for £370m and the current value of Saga is £405m endof.

The ‘Enterprise Value’ of course is higher but nobody here gives a toss about that they only care about how much their shares are worth which is £2.89 which is ridiculous almost as ridiculous as you and I still going on about this.

Let’s agree to disagree because ‘I want new investors to know that the previous bid at the height of the pandemic is just LOWER than the current share price (24p) and therefore this highlights that this share is grossly undervalued.’ {laughing face}.

Hi Batfasted
as soon as Banbury’s Tour debt has been paid off and all new deposits ring fenced. This latest supposed Covid outbreak in Germany and the rest of Europe doesn’t help and has no doubt delayed things but once that settles. It doesn’t have to be bad news because if it ever comes then IMO it will be significantly higher than £2.89! In fact if I wasn’t all in with Card I would swing my funds back into here at this price. It’s win win here there is nothing not to like. The new adverts are an absolute genius - I love them.

Hi Rupans

“I also think an offer (if it came) would be much higher than the previous offer of 33p (£2.65) anyway to take into account {drum roll} .. the £140m and the fact the Company is in much better shape.”

This is the Enterprise Value!

Anyhow enough if that I think we’ve exhausted it and everybody has switched off. Let’s just agree to disagree.

Have you got the £1?

Where has the £1 gone?

Rupan, Batfasted and Rogue were outside a light shop when they were students and spot a light that would go lovely in their new rented flat and buy it for £30.

After they had gone the shopkeeper realises he has overcharged them and gives Banbury the young shop assistant 5 pound coins and tells him to chase after the 3 and give them their money back.

Half way there Banbury knowing that they are oblivious to this conjures up a plan and only gives £1 back each.

They are dead chuffed and everyone is happy!

Now the guys originally coughed up £10 and were each given £1 back so have paid £9 each and Banbury has got £2 in his pocket.

3x£9 = £27 + £2 for Banbury is £29 so where has the £1 gone?

Yes Rupans you would have been better off because

1) You would have sold your shares for twice the price it was at the time.
2) You wouldn't have put your hand in your pocket and paid extra £ in the RI to buy back the exact same % of the Company that you had anyway.

Batfasted without a shadow of doubt Saga is in a better situation now than when that offer of 33p was made and I’m dumbfounded why the share price is so low.

In fact there can only be one reason IMO why it is so low and who is doing it.

The offer at the time was twice the current share price and i think that would be the case now. Regardless the current share price is ridiculous and should be multiples of what it is now, now.

Rupans! At last something we agree on!

Yes of course you would have been better off at the time when the offer of 33p was made because you weren’t diluted!

There wasn’t an extra BILLION shares!

Whether you are prepared to accept it or not is completely upto you but the PE offer of £370m is a fact.

Sagas MCap is currently £405m for a share price of £2.89 and that’s also a fact.

If you genuinely think that the current share price does not include the £140m raised and it should be somehow added to the current Mcap then you are in the wrong game my friend.

Rupans!!!!

You have completely missed out the extra billion shares ie Stage2.

Ie
Stage1
1,122,003,328 (1.1 BILLION) shares BEFORE dilution.

Stage2
2,093,921,536 (2.1 BILLION) shares AFTER dilution.

Stage3
139,594,769 (140 MILLION) shares AFTER 15:1 Consolidation. Ie The ‘NEW’ (current) share price.

You are making it up as you go along.

These numbers aren’t my interpretation or understanding they are fact!

The £140m raised wasn’t a gift, it wasn’t free money that you can simply add onto the share price!

An extra BILLION shares were issued!!!!!!!

The 33p was offered at Stage 1.

70m? Why are you both even looking at that figure when it had already been confirmed that £8Million has been paid off this?

So it’s £62m and I’m typing this whilst sat outside the branch in Sunderland and it’s absolutely rammed full of people as usual.

I’m not a complete saddo I have also been swimming in the sea this morning it’s just this store is on the way and I just can’t resist parking up for a couple of minutes on the way there (and the way back!). Ha ha

Don’t ever let the truth get in the way of a good story.

The rejected PE offer of 33p valued the Company at £370m which at today’s share price is £2.65.

Ie
Shares BEFORE Dilution/Consolidation. 1,122,003,328 so x 33p = £370m.

So if the same offer was made today then we would divide this by the number of shares now (139,594,769) which is £2.65

Yes £140m was raised but there are twice as many shares!!!!!!

Batfasted your first 2 sentences contradict each other. You can have one but you can’t have both! Ha ha

The rest of your post though I agree with. There is no way Saga should be this low as we are in much stronger position now than when both ships were stuck in port.

I also think an offer (if it came) would be much higher than the previous offer of 33p (£2.65) anyway to take into account {drum roll} .. the £140m and the fact the Company is in much better shape.

I’ve always thought and still think Sir Roger himself will take this private and if he does it will be for a lot more than the current share price.

Isn’t there some rule somewhere which states it has to be higher than the previous 12 month average? I’m sure I’ve read that somewhere.

Anyhow all IMO only and although I’m currently not invested here it’s only a matter of time that I will be again because I think this share price is ridiculous.

I got in a smidgen under 55p jedclampit and just can’t see them going any lower which obviously means they will.

Jokes aside though we are now in the second week of November for what is going to be their (and Cards) busiest 2 months of the year and that RNS was really good!

Now I know you have just bought in at £2.91 jedclampit I might just hang on a bit longer! Ha ha

Even I’m considering swinging some funds back in at this price Banbury. What’s happening? This just doesn’t make sense. The longer I’m in this game the less I know. Never would have predicted this. Saga is in great shape atm isn’t it?

Hi PurpleInvestor still can’t get over your ShoeZone - wish I’d listened to you!

Honestly mate there wasn’t (and still isn’t?) any bug ger in their shop when I pass by?
Yeah yeah I totally get it’s because of their on line sales and I did notice their reviews are very good but to double? and just after I sold ffs lol.

Well done!

Yes I’m happy with my Card investment but couldn’t resist a little short term dabble over here.

Swung 10 grand of my beloved CARD back into this this morning. Couldn’t resist.
That was a great RNS.