Member Info for SeedyG

Saga staff today informed of huge redundancy programme to cut £25million in costs to 'save the company'. I don't recall that being mentioned in their recent update

5% down. Do we have bad news on the way / a leaky ship?

Thanks Supercharger - understood

Could someone explain (in layman's terms) just what all these forms 8.3 & 8.5 on the RNS list mean?

Wow! Why are we down so far today (and yesterday)?

Can't really see who would want to take the fixed rate when a higher rate is available with easy access

Unfortunately, KCC are not averse to making decisions that defy all logic

May sound good in principle. Unfortunately, my renewal quote came with a 30% premium increase and I was able to get similar levels of cover (excesses etc.) with another leading provider at less than half the saga quote.
Whichever way they dress it up, insurance remains a highly competitive market

Dividend payment actually on Friday - but drop in SP still difficult to understand

Anyone with thoughts on why the SP is diving?

It must be remembered that many of Saga's cruisers would never go near the 5000 passenger size boats and that the profits per passenger are much higher than other mainline cruise companies. They are dealing in a completely different market where quality is important and a high level of repeat business ensues - and many of us are very thankful of that!
But, irrespective of one's views on cruising, this is a pretty solid half year set of figures - that confirms they are on target for the full year and offers a good opportunity for future investment

And with no real change in the SP they've either kept a very tight ship - or the figures are much to be expected

Maybe the interim results in mid-September will convince the market?

It doesn't seem to. Although an increase in total shares of less than 0.2% hardly equates to a 2.8% drop in price

Additionally, advance bookings for the new ship are ahead of schedule - with over 50% of sailings in the first year already sold out.

If you "were the incoming chairman" I think a lot of us would have sold up by now. The cruising side of their business is a growth area - and with new ships on line why would they sell it? Yes, it is competitive - but current advance bookings are at a record level. And with so much customer loyalty, and so many 'cruisers' signing up for their next one whilst still on board, it is the right area in which to expand the business, not sell it

Well, it's decision day today for taking up the offer. It's not really a difficult decision to make

Unfortunately, it "bottomed out" 6 weeks ago - and has remained there ever since

This wasn't a straight forward share purchase - more an allocation linked to a company incentive scheme

I think he means (and he is right) that information on the drill wikll probably be leaked out long before any RNS is released