Member Info for rupans

that is mine too.
The difficult calculation is how much our current shares are worth? Based on what De Haan is paying for them.
He will be paying 23p per share? Might be wrong
That means our current value per share we hold is ??? based on accepting our allocation of 15p shares
I am too tired to calculate that

Mark go through Guardian article with a spreadsheet more complicated but basically less shares but at higher price.
https://www.theguardian.com/business/2020/aug/30/former-owner-of-saga-invests-100m-to-save-company-from-covid-crisis

VERY WRONG ...
currently 153M market cap at 13.6p
old guy buying £60M shares at 27p ...,. oh just read alas post

WRONG

snowsteady good point. I am personally not even considering selling below 40p as they rejected 33p

thats not what the guardian says it says he will buy £60M worth at 27p. Then option to buy up to £40 million worth at 15p. Investors separately will get option to buy £50m worth at 15p and maybe he takes the slack on this too. Or am i getting this wrong?

actually according to guardian depending on how much he buys his average will be between 23p and 27p. So not sure why board rejected 33p?

From Guardian article de Haan is paying 27p ... not so good ok

Cheers Alas_Smith (EJ).
more articles:
https://www.cityam.com/former-saga-chief-to-return-and-invest-100m-as-part-of-equity-raise-plans/
https://www.theguardian.com/business/2020/aug/30/former-owner-of-saga-invests-100m-to-save-company-from-covid-crisis

The question to people on this board .... How much would you sell your shares for after the following info .... would you sell for 20p ? If so then you can expect that share price. Personally I would only start to consider selling at 40p+ and my average is 17.5p!!!!

Can someone post the contents of the FT article.
so to summarise De Haan will be paying 35p per share for his 20% but not eligible for discounted share option unlike current investors hence 40p. Already rejected 33p so 40p is about right from my point of view. Plus a lot of investors are holding from much higher prices and these shares are extremely tightly held, hence the reason de Haan is paying 35p per share and not buying from the market!!!!

thomson,

i dont mind negative comments when they are justified. However to see an investor buying £100 million worth of stock in Saga at 35p as negative was seen by me to be unreasonable. it is reasonable to question whether it is true. However if it is true I can not see the stock price being below 35p on Tuesday.

No he has no stake elliot may have 5%

Looks like de Haan who almost certainly has seen the books in detail has decided to pay 35p a share so I suspect that is the minimum it will start at more likely the 40p mark

jedclampit read the times article and the sky article both state that it is at a premium to the current share price otherwise I don't think existing shareholders would go for it

i think thomson probably bought at the IPO and has been averaging down since but finally capitulated last week and decided to get rid of all his Saga stock at around 13p to 14p. So i feel really sorry for him

sorry to hear thomson that you shorted Saga

https://www.thetimes.co.uk/article/saga-founders-son-sir-roger-de-haan-in-comeback-r6hs8cq5c

https://www.thisismoney.co.uk/money/markets/article-8677427/Former-Saga-boss-set-return-ailing-50s-firm.html?mrn_rm=rta

you can't buy 20% off the open market as the shares are tightly held