Member Info for RoxburyHouse

Thank you for breaking the silence Smorty.

So funny isn’t it, up 14% and total silence on the discussion board?

Never going to understand this game.

WRKS is now my biggest holding and judging by the quality of their daily emails they really are on the ball.

Here’s something funny :- Go look on their website investor page and checkout the staff. What a good looking bunch of people with nice friendly faces! Ha ha

This game is so incredibly hard to predict isn’t it?

Frustrating to see CARD and SHOE doubling since I sold up to buy more SAGA but thankfully WRKS has followed suite and is now neck In neck with SAGA as my biggest holding? - Never expected that.

SAGA better come good or Banbury is in for it big time. Ha ha

Shame they are leaving.

https://youtu.be/6Whgn_iE5uc

Do we know for a fact that these sales are somebody “wanting out” OR could it be somebody with enough shares and clout to purposely control and hold the price down?

Now who do we know who could do that and why……

£400! Wow that would be nice jedclampit.

My holding would be worth just over £25 Million.

Now that would be nice.

The guy is clearly an idiot FJ and fair enough we can’t stop them filtering through because “there is always one” but 3 recommends - really? So we have 4 idiots. mmmm time to introduce the filter me thinks.

I have been in and out of Card and only sold out (recently) to invest more £ into The Works because I think it has the most potential upside. What swayed me was the founder of Card Dean Hoyle did likewise to become the Chairman of Wrks.

If it’s good enough for him it’s good enough for me.

Follow the money as they say.

Not expecting fireworks next week with the results. On line sales will be good but overall bad because of the number of weeks the shops have been closed.

Fast forward 12 months though and that will be a different story. £1+ in my opinion.

Hi JoeSoap got to be honest in saying that the short term figure of 80% doesn’t concern me. Let’s remember that its 80% occupancy not 80% profit.

When you look at the layout of the ship, all the fancy rooms seem to be higher and at the front? Ie “Sun rooms” and “Forward Suite” so these are the ones that bring in most of the £ and will be sold first.

The lowest and cheapest rooms will be held back to achieve the mystical figure of 80% occupancy and the prices of the others will be “tweaked”.

Saga could take advantage of what is happening and consider letting some of the staff who I believe have windowless rooms below deck occupy them on a rotational basis? Some sort of reward scheme? Just a thought.

What does concern me though is that several weeks ago you you made a pledge to cut back on the alcohol and lose the cigarettes and I can’t be the only one wondering how it is going? Ha ha

Saga Cruises capacity back to 100% then?

https://www.lse.co.uk/news/good-chance-one-metre-plus-rule-can-be-ditched-on-june-21-says-uk-pm-qpifhjal17yi66t.html

These people always look after themselves and Saga is no different. If we can pick up some scraps on their journey then all good. Once these ships are sailing and Covid is beaten or at least managed then privatisation is next on the table you watch.

Again we can’t complain because the share price will be £7+ so bring it on.

Great post Sigma.
12 months ago I was an outright gambler and by pure luck it paid off big time with AVCT. Then moved onto day trading which was a nightmare. I’m now an investor and in a much happier place.

Well done SueJ 17p bet you wish you had more!

PurpleInvestor that’s a difficult question to answer. If the question is rephrased and you asked if anyone is selling their shares anytime soon then my answer would be a big NO.

I’m not keeping them forever of course but until the on line investment side of the business is reflected in the share price I’m not going anywhere.

I love the mixture of people on these boards and their different views.

I’m a simpleton and I look at it from a different angle.

This is mine :-

1 Sir Roger sold Saga to his Management Team in 2004 for £1.3bn.

2 IPO value of £2.1bn

Somewhere in between these two would be lovely but even if we took the lower figure of £1.3bn and divide it by the number of shares in circulation (139,594,769) then that is a share price of £9 +

That will do nicely thank you very much.

£4.01 for me and £4.24 close of play Friday.

Judging by the number of people who post on this discussion board nobody wants it now but that’s a big mistake. This has got success written all over it. Their daily emails are on the money and if you haven’t registered for them then do so. Well done draft for getting in at 22p. It was late 20’s when I spotted it.

Nobody has taken offence at your comments CJ you come across as a decent poster.

The downward slope of the share price for a few years pre Covid shows that it was a terrible investment which everyone agrees.

Without doubt Saga is a recovery stock and that is why we are all here.

CJ I’m a newbie and your observations are correct insofar as I’m not alone but there are also lots of oldie pi’s here. It’s a good mixture. Your observations are not necessarily correct though that they are all sitting on a large loss because a lot of people here averaged down when the share price languished at £1.40.

You will also see from my summary above that Sagas Mcap now today is similar to what it was pre-Covid so if people here took up the share offer then they are not as bad off as you think.

If the local Cruises go ahead and there are no issues then the share price will take a jump.

If the International Cruises go ahead and are without issue then this will take another (huge) jump.

So the question is are you feeling lucky? I am.

This is why I am here.

- 1951. Founded by Sidney De Haan.

- 1984. Passed to his son Roger after his father's retirement.

- 1990. Took Private by Roger.

- 2004. Sold to his Management for £1.35bn.

- 2014. IPO with an over inflated Share Price of £1.85 (£2.1bn Mcap).

- 2017 RNS. Profit warning.

- 2019 RNS. Results showing a huge loss.

- April 2020. The losses were caused by Impairment of Goodwill and the Management losing its way. Covid created the perfect storm resulting in the Company losing 95% of its value.

- Oct 2020. Prompted by a failed PE bid of 33p (Old money) valuing the Company at roughly £370m Sir Roger on his white stallion re-entered the affray and came up with the following 5 point rescue plan :-

1. Rejoining the board as Chairman & implementing a new strategy for sustainable growth & profitability. All other directors also taking up pro-rata entitlements.
2. Share DILUTION at a rate of 5 new shares for every 9 existing to raise £140m (net) swiftly followed by a 1 for 15 share CONSOLIDATION.
3. Paying off £40M of revolving credit along with £64M of an existing £134M loan and extending the balance of £70m to May 2023. Available cash £36m.
4. £100m undrawn revolving credit facility remaining available until May 2023.
5. Investing £100m of his own cash in the fund raise at a premium (£2.78) to retail share price.

- Insurance & underwriting sides are now performing 'resiliently' and will grow as emerge from Covid.

- Travel side on hold due to Covid but set to resume Q2 2021.

- Significant actions to reduce operating costs have been taken and the cash 'burn' for the Travel businesses is expected to be in a range of £6m to £8m per month which includes all operating and financing expenses.

- Cruises, will incl pre-screening of passengers, & extra safety provisions onboard. Two mid size cruise ships, each capable of generating £40m EBITDA per year (£80m pa total).

- Mainly over 50's customer base, with strong loyalty, & fastest growing & most wealthy component of the population.

- Approximately 80% of SAGA’s underlying profit is from the Insurance and estimated to be valued alone between £1bn to £1.6bn.

- MCAP Today (April 2021) £511m compared to £560m in Jan 2020 (preCovid) and £2.1bn in 2014 (IPO).

Additional reading:-
Where Saga began...
https://www.kentonline.co.uk/kent/news/how-one-man-built-a-travel-empire-243059/

Hi JoeSoap and Welcome!
This is my ‘dirty little secret’ and I can’t for the life of me work out why more people aren't here and singing it’s praises. Yes 80% gain in just over 3 months and it isn’t finished yet.

Woke up this morning hoping that we were going to keep Fridays gains and pleasantly surprised when I checked and it was 59p and 11% up.

I can put my hand on my heart though and say that at no point was I tempted to sell my shares.

Be patient and you will be rewarded handsomely is my advice.

Say nothing.

Been shouting from the rooftops about the Works since late 20’s early 30p and there are still very few people here?

Even now at 50p this still has 50% more recovery in it.

People are starting to notice though because everyday the buys are out numbering the sells and every day the share price is gradually rising.

Once people wake up to the potential here it is going to rocket - watch.