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As a pi I read this BB with interest and can also see the de-rampers attempts to further lowing sp, just so they can get an even better enter point.
I was expecting a dip but I wasn't expecting this low. I believe this was nothing more than a preemptive hedge-fund strike that coupled with forum derampers took out weak pi's on the way down.
For the life of me I can't see why anyone would sell when the Dividends are set for 2021, as for the split....well that's a year or so away I'll make my decision closer to the time when further updates come out.
I would rather take this to my grave with me than to publicly admit substantial losses into 10's of thousands.
Historically GSK bounce back after a dip as most use it as a buying opportunity just hope we are now at the bottom. all in IMHO. Good luck to all who are actually invested.
Tail swallowing. To make room for 12p allocation. Not selling off 12p rights as there not issued till Monday 5th. Plus also brings average down.
Ive already accepted my allocation in the thought I would average down before the consolidation. Seeing as I'm currently 17.01pps. I won't be throwing anymore money at this. Was hoping to get out with a minimum loss which I appreciate my situation isn't as bad as some.
If only we could get this sp to 27pps where it should be. Dreaming I know.
Again I say it. Saga's BOD's should wait untill the world not just our country is in a better economic condition before consolidation imho. Or at the lest both ships are sailing!!
Rant over. Good luck all.
I was hoping the consolidation date wasn't the 5th which is the same day as new issue too.
I'll get 8333 new shares, Total 23333 which will bring my average down to 15.22pps give or take. Personally I need the current share to go over 15.22pps which will be 228.3pps on new scale.
My biggest fear and I hope someone will help here is: if Saga shares can't keep above 13pps how on earth do they expect it to stay in the £1-£2-£3 bracket? I think a consultation while covid is in play is a bad idea.
I thought it would be the sp on a set ex date to be arranged. So if the sp gets to say 17p then the new price would start at 2.55. I could be wrong but hope it's the case.
There you go Saga. Bang on number 10's door and demand "cruise out to help out". Backed buy 50% government support 10k per person minimum spend??. joking aside I'm Personally I'm down 20% but I'll hold to if this bounces back. Feels like someone behind the scenes pushing this down for a take over or just don't like Saga much.
I'm in the same boat but have accepted the offer. Wish I didn't now as £1500 has been reserved out of my account but new 12p shares won't be issued untill the 5th. Would have been better off waiting to see where to sp settles as once the new shares get issued out surely the sp will drop again?
Only brought in to saga as its local to me. Feel rather let down by the BOD's. I know my situation isn't as bad as a lot of others. Just feel a repeat of the last IPO and I don't want to be that much out of pocket . If the consolidation wasn't on the table. I would be a lot happier buying in again to average down but I see it as fruitless investment due to the gamble of the consolidation plus no div. Think I'll get out at the earliest at a loss.
Hi. I'm 15000 @ 17.01pps. Also 3000 @ 15.06pps in my ISA. Been catching the knife since 21pps. Was hoping the rns confirming De Hann at the helm would rocket the price. Unfortunately I'm struggling to justify buying more at 12pps (brings my average 14.55 I understand) if all they intend to do is consolidate 15/1 at such a poor economic time. Saga can't hold 15pps. How on earth will they hold steady at whatever the consolidation price will be. So basically don't know what to do and don't have faith they will hold after consolidation. I believe they are doing to much to soon.