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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.
Woodstock; with a low average on this share I would welcome a takeover and the effect on the sp so I don't see the telegraph as negative news. The article itself says 'grab a bargain'! The negative arguments for Saga are pretty weak.
the greatest trick the MM's achieve is to make you believe this price is the real value. Ive been of the opinion they have been carving out a 35p entry point for the last few weeks building up to Wednesday. Might be wrong but I believe saga are solid and this is reflected in their decision to build 2 new cruise ships with the belief they can finance it. not the sign of a company that is about to go pop. The mm's will keep the pressure on just long enough and then let it go tomorrow or Wednesday. all my opinion good luck all
yeah you've got to make your call harry. My opinion is that they will keep putting pressure on this share to get it as close to 35p as possible and then there will be a few days of heavy gains. all my opinion but Im positioning myself for that outcome
The reason I'm backing this share is because yes last year was a poor performance but Saga are taking positive steps to rectify the situation; new insurance an savings products and two new cruise ships, which I think will be lucrative profit making machines, looking at the cost of the cruises vs overheads. On top of that rather than waiting for Lance to be linched they have pulled off a great PR exercise quietly retiring him rather than a board meeting melt down and he will no doubt be replaced by someone more dynamic and ready for the challenge of reshaping the business further. Solid buy but all my opinion