The thing about this share at the moment is it is so unloved by the traders, making it a short sellers dream. they can run the show without much opposition and none of the major funds will touch this until we get close to end of year results and improved performance. I personally think the long term potential is great but the major players will use their money elsewhere to make money in between. all my opinion
yes 32p was the last time but I belie the same people shorting the share are trading it and reinvesting the profits. to put it into context a couple of weeks ago I made 15% profit over two rounds of trading between 50-54p. It then appeared there was consistent support at 49p until they pulled the rug and we are were we are now. I believe they have the funds to drive this down to 29-30p, short term of course. all my opinion
yes harrycash im saying its a good bet and if I had the funds in place today I would be loading up and if it stays this low over the next few days I will be. You don't have anything solid to back up the penny share nonsense
maestro; as a longterm investment 40p will be a very low average. What I like about saga is yes they have had tough operating conditions but they are now taking action. the two cruise ships will be profit making assets and the insurance business is being revamped and there will be a push to advertise to in the future, which they have not done enough of.
batfasted I agree. Nothing major to report considering some people on this board no names mentioned (harrycash) believed this share was trading so low that it could only mean an imminent rights issue! Turns out the business is solid and the sp is a bargain. Its pretty obvious that with building and launching two new cruise ships there will be significant overheads, but this is a great time to buy while the SP is low and before the profit stream from those ships comes online 2020/21
pearls I couldn't disagree more. If there were heavy buys today I would be a lot more concerned that they are manufacturing an exit point. the sp is ridiculously low, which factors in the worst case scenario already, which isn't reflected in any facts in the public domain
the herd mentality of private investors never fails to amaze me. this share could be offered at 30p today and still people will be commenting how far it might drop when they were happy to invest at much higher levels.. For anyone that cant see this share hasn't been heavily manipulated I would seriously think about giving up trading. ive never seen a more obvious correlation in the charts between the rises and falls where the share is being traded by a fund.