If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
harry; my buys are at 39.50 and a larger one at 38.40 so the average is looking good. its good to hear a counter view. Ive dealt with a lot of shares that have been heavily sorted and this looking lightweight compared to the likes of Debenhams and metrobank, because there is no real underlying issue apart from this being a much unloved share with a poor dividend.
harry; you talk about debt and off book intangibles but no figures to support your argument? Im always willing to hear both sides of the argument to get a balanced view? So far what ive heard is that the short argument is pretty weak and im happy to keep making bargain basement buys while the mm's keep this low, until they let it sail up again
couldnt resist at this price im back in sub 40p!!, but im retaining a lot of funds for further buys if this sinks further. Anyone's guess whether I wake up 10% richer tomorrow or 5% down but I know within a couple of weeks there will substantial profit on todays trade
Duncan; as long as they have enough cash for all their operations and debt servicing then this is all a speculative attack which will lose pace with clarity from the AGM. However if saga needed to make a cash call then there would be problems with the SP being so low. As far as I am aware they do not need to do that and have sufficient funds for their operations including the building of the second cruise ship. if anyone has a strong counter argument I would welcome it so that a balanced judgement can be taken?
pokerchips; I agree, I don't like basing judgements on phantom stop losses that may or may not be there. My logic is they've made it down close to the 40p mark on the last run, so I think they will break the 40p mark this time.
looks like we will see 39p quicker than expected courtesy of the shorts. wondering if this is because they are going to try and rinse and repeat twice before the trading update on the 19th?
if there is solid news on the 19th the shorts wont have such a grip. Make hay while the suns high and all that
pearls that's the strangest comparison yet; saga and Debenhams debt? Debenhams sold all their assets years ago and then re-leased as a con job by an American investment firm.
I totally agree pokerchips; it was a bull trap and they will repeat it again. Im calling the new bottom at 39p