Member Info for rupans

Phenry,

So you are right it is not significant until it breaks the trading range which will only happen if we break 140p.

However if you look at the chart there was a rising wedge shape and a breakout from that rising wedge so it looks likely that the 140p will be broken soon

And as promised here is the breakout ;-)

Https://www.reuters.com/business/cruise-operators-plan-hike-prices-costs-rise-demand-swells-2023-08-03/

"(We are) working hard to close the outrageous and unwarranted 25% to 50% value gap to land-based offerings over time," Carnival Corp CEO Josh Weinstein said on a post-earnings call in June.

Looks like a good read through for Saga:

https://travelweekly.co.uk/news/tour-operators/tui-river-cruises-reports-best-ever-sales-day

Tui River Cruises has reported its “best-ever sales day” following the addition of Nile cruises.

The line saw a 170% year-on-year increase in bookings on August 2 and reported “significant uplift” across all four seasons currently on sale, from summer 2023 to winter 2024.

The newly added Legends of the Nile was the most popular itinerary, followed by the Magical Danube and Rhine Explorer, “demonstrating demand for some of Europe’s best-loved waterways,” the line said.

Looks like there is going to be an upward breakout ... soon. Perfect rising wedge

I think Bilzo is correct. All these moves just seem to be traders playing around. Nothing significant until this goes passed trading range of 140p. I have analysed the trades last few days and a few AT trades of a few thousand ponds at the same time can push the stock price up and down a few percent. Although the last jump looks like a few hundred thousand pounds worth of trades, it still could be nothing. The issue of equity is to give free shares to the non-performing board.

Have a funny feeling in my boots ...

Cheers Bilzo for checking. Agree will get more excited if it goes above the 150 mark. Maybe a large sell order has been cleared or they are in late stages of selling AICL or buildings, who knows. All I know that Saga is ridiculously cheap ... but I guess people hear that a lot about so many shares....

Nice jump today. And interesting price action yesterday. Not sure if it is to do with RNS or possible AICL sale (maybe related). I know that they could convert their old site into 60 flats. Does anyone know if the sale of their office was in any of their accounts?

Https://www.ft.com/content/aa77705b-9d4b-41a5-a167-768d5f0a40d4

I see this as a good thing for saga. Even if it is just retail mark up as it should go up with increase in overall premiums. But of course I think competition is hotting up too

Https://www.theguardian.com/music/2023/jul/14/over-50s-catching-the-music-festival-bug-in-the-uk-saga-study-finds

Https://www.thetimes.co.uk/article/car-insurance-soars-to-more-than-1-000-stfmf8233

Brilliant news as it means saga retail margins should go up as it becomes a smaller proportion of the overall cosst of insurance

Bilzo,

Very good point about the insurance side. Not sure the market believes AICL will be sold as management have not got a good record of delivering deals. However if they do sell AICL this should rocket.

Alnwick,

When you put it like that yes this is epicly cheap, especially considering the boom in cruises and travel.

Insurance should recover considering premiums have rocketed but is of course very competitive.

Yes current prive of 8.6p ridiculously cheap especially considering the heavily discounted rights issue of 12p years ago.

Rupan

Why sudden jump?

The cruise bookings are amazing. Lots of saga cruises fully booked and most of the rest at 90% plus booked.

BanburyBoy was good at analysing this

Https://www.proactiveinvestors.com/companies/news/1018389/saga-insurance-arm-remains-a-drag-says-broker-1018389.html

Https://www.thetimes.co.uk/article/demand-for-cruises-buoys-saga-as-insurance-arm-lags-behind-jdh95l7hx

Good article overall positive. Only issue is insurance margins of £56. Numis were expecting £62. This small reduction would knock £12M of profit for the year. However I think the cruise and travel should more than make up for this.

Update looks fair what is your take on it?

looks like deal almost done