Member Info for rupans

Robbren,

Today, Morgan Stanley reduced it today.

Just to put out full picture:

Barclays raises target price from 1400p to 1500p

morgan stanley target price reduced from 1080p to 1000p

Bug,

good timing as usual ... well done ;-)

Ppy,

dead at the moment waiting for confirmation of Saga Insurance deal ....

Happening,

This is because in the morning the spread is huge. This morning it opened up with a spread of 20p, which is insane. Buys and sells as well as midpoints can be very confusing. This is probably because the share volume is very low due to the fact that the shares are tightly held ...

If we do qualify for the FTSE 250, it would be great as there is not much free float in terms of shares and ftse 250 trackers would be forces to buy which should push the price up quite a lot either just before we join or on joining ...

Petera,

Looks like someone is listening as Saga is rocketing again ;-)

Hi Petera,

I do understand your frustration. I guess I would be too. As I said confident in the management to get to £6.00.

£10.00 is probably a little further off. Tbh with todays market volatility Saga is performing very well. If Saga can grow the money and insurance side well then £10.00 should be achievable :-)

Petera,

Shares dont go up in a straight line. There are pullbacks. We need more upgrades and more evidence that Saga is going to hit the managements targets before we see the £6.00 line. I am however very confident over time (12 to 18 moths) that we will be at a much higher sp then now.

Saga in the telegraph

https://www.telegraph.co.uk/gift/ff4a55aeef52d5ec

Horsearse,

From my understanding:

Ageas will get the back end of Saga car and home insurance - handling premiums, claims etc. Also they will get the business from the price comparison sites.

Saga will get a commission based on direct sales of Saga car and home insurance. Will handle brand marketing and direct sales.

Ppy,

I am not an accountant so do not understand the full implications on the balance sheet. But it generally goes like this:

Saga benefits from negative working capital when it comes to car insurance policies. In other words people pay up front for car and home insurance policies in general.

Whe Ageas pays the £80 million, Saga will then start to transfer the policies across with the payments to Ageas. Therefore the cash benefit from the £80 million upfront payment will be erroded by the transfer of the policies and the associated monies over the period of time to transfer the policies. Thought it would happen over a year not 3 months, but not sure ...

Rogue,

Just read the ST article. Interesting is says that Ageas owns Saga Insurance....

imminent announcement or just a typ/simplification ....

Another very good writeup on the C**kneyRebel blog.

Worth a read to give you confidence going forward ...

Hi Alnwick,

Very nice stock picking. Now tracking Knights group as well as a potential buy, but it has had a nice run of late.

Like CARD alot as you know. Good rerating and growth potential there.

Thanks again

Rupan

Hi Rogue,

Yes I also post on ADVFN.

Just read the singer report update after the interims. They have a new target price of 410p and eps of 30p for this year. However they are still very conservative on following years.

I can now see a clear path to £6.00 next year ;-)

£3.00 should be a doddle

IMHO

More likely Roger or Edose have put in another large share order....

Hi Alnwick,

I think my question to you got lost in all the BS on the CARD share chat.

Can you remind me what other shares you hold at the moment.

Hi Alnwick,

Agree that CARD does not have the same potential as Saga. But looking at the difference in revenue between moonpig and funkypigeon, there is certainly a huge growth opportunity for funkypigeon. Moonpig has 10x the revenue of funkypigeon but are very similar companies. I suspect the WH smith just mismanaged funkypigeon just like their high street stores ...

Anyway was wondering if you could remind me what other stock you are in as you definitely seem to have the knack. Wish I knew before as I could have got into rolls royce when you did ...

Rupan