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I read the RNS as being pretty poor. This is a company where revenue keeps falling and the pension top-ups continue on. At some stage fibre rollout (no noticeable difference to our internet speed) will be complete so the shares are still pretty cheap but it's been a badly managed company for so long and the current CEO will take the credit for a turnaround that involves spending less on a dubious project.
Certainly a mixed bag. The share price is still historically low even given the rise yesterday. There aren't many players in this market and other bidders may be tempted - I'll certainly be tempted to buy more if the price drops on this news.
I have lost a lot on this share but not given up on it. Saga is one of about 5 companies that us 'mature' people check at car/house insurance renewal time. It's a competitive market and yet premiums are up a lot reflecting the ripoff charges that large garages and car manufacturers get away with. Insurance is not really optional but they need to get their pricing right and understand their customers.
I hope the share price hasn't actually dropped by 50% on the last trades today.
ST - 10th Sept 2021 price target 260. The same Simon Thompson that has tipped so many clangers over the years including BATM (Feb 2 2021 - target 170, current 19). Giving up subscribing to that mag/rag has saved me losing more money.
Well I have held and traded this share since early 2020 and it's been a bit of a roller coaster, but i asked myself just before reading the question you posed and the answer is around 150 (short of any new news). I have sold before at over 300 so why the low bar I'm not sure. The share price has more or less doubled since the beginning of October, but I still like the way it creeps up a few pcent each week.
Yes they do. The nightmare of trying to get back withholding tax. Has anyone ever managed it? Platform providers such as AJ Bell and H/L don't seem to want to help either. Strikes me as being a scam that foreign tax authorities are quite happy to participate in, though there is an ongoing European Union initiative to make it easier.
Jeez - fat cats get fatter - meanwhile ordinary shareholders suffer further losses.
Spot on Mary. What a waste of time, effort and money on a naff name change. Results okay but debt still too high.
Perhaps disappointing would be a less succinct word to use Ivor. Anyway yes not great - there doesn't seem to be that many major players in this market and yet profits seem elusive. I'm neither a buyer nor a seller on this news. I think they need to welcome a buyer (for the company).
Lebara is the elephant that makes it hard for other mobile network operators to make a decent return. They don't, as far as I know, even operate in Italy, so lots of competition even without them. I think Vodafone just need to become super efficient without reducing customer service. If my experience of renewing last week at a store in the North of England is anything to go by, they have a lot to improve upon.
Well results were so-so but then a 9% share price hike. Taken the opportunity to sell a few. This time last year the shares did the same only to fall back by June. Sell in May might be even better.
Yes a poor update all round including flat profits. I would like to know more about these restructuring costs as well. Poor timing from the recommendation in yesterday's Sunday Times. I still think the longer term share trend will be up, but as you (JW) point out a fundraising is likely.
Yes - pretty poor results but possibly hitting a floor soon. In contrast Kingspan share price doing nicely, when they blocked the bid it suggested that SIG was in a non-competitive market, the results don't reflect that.