Member Info for Slownsteady

FJGooner.. re your excellent post of 23.27... I think what you want to say is "100 fully underwritten". Not "subscribed". Tone is right, only 43.63% were subscribed for by retail Investors.
New Issues can be done without underwriting for a smaller fee, if demand is expected to be high. Investment Bankers normally charge a much larger fee for underwriting risk (i.e. the risk they will end up with not taken up shares).
In this case, of the £150 million raised, £75 million was firmly taken up by Sir Roger. Of the remaining £75 million required, £33 million was taken up by retail investors. Of the remaining £42 million, Sir Roger picked up £24 million.
So £18 million was picked up by Institutional Investors. This is the overhang that will need to be offloaded before the sp picks up.

Yeah. I got a renewal email from my Insurer (not SAGA)... a big hike. I called them, after an hour on the phone, came away with a discount on last year's quote.
Apparently (I know tightfist Martin Lewis has said this) it bounces around and drops about 21 to 9 days before renewal. Before and after the these days, quotes get hiked.

Great, thanks, Pianista. The 1st October date threw me as well. If a genuine sale, that would explain the really quite large falls to under 12p. Let's hope it all comes out in the wash.
All we now need is for Trumpet to book a holiday on a Saga cruise for himself, his entourage and a few of the "Deplorables''. Then we can sink the boat and claim on the Insurance.
I'd imagine his wife would prefer to spend time with someone else.

That's a very good point zccax... I did think of that, but couldn't make the numbers add up. But you could be well right. Bravo.

Yes, but these Institutions take asset weighting decisions every quarter... slice a bit here... pad up a little there.... It doesn't help that the Fund Managers don't have their own money in their funds (unlike Tel Smiff), otherwise they'd be much more careful about crystallising losses.
The halving of their holding (4% of the share capital) will have explained the depression in the sp, as this is not a liquid company. Once the market makers have off loaded their stock, the sp should pick up.

"their".
And who is "they"?
And why?

Looks like matey feels Saga have stolen some of inheritance. Thankfully not one of his 25,000 plus posts will have made the blindest bit of difference to anything. Except of course made him late in leaving his bedroom for his Mum's 'Supper' ('Dinner' to the posher Public Schoolers amongst us). :-)

Ahhh... so you've been 'ripped off by SAGA.
You know the extremely wise philosopher who said... "Resentment Is Like Taking Poison and Waiting for the Other Person To Die"

The biggers need to get their finger out and start vaccinating NOW. Not start in 3 months. This can be done at the same time as the Oxford study, and will provide a much more robust sample base.
Those of us willing vulnerables (like myself - over 65, overweight, and "ethnic minority") can be started on, with all the waivers signed to cover their backslide.
GET ON WITH IT!

Ok thanks Pianista. A doubling from the current sp. Would you accept a 25p bid? I wouldn't. Might start to think about it at 50p.
The Board were right to reject. A long term, significant 'skin in the game' holder is just what the doctor ordered. I'd imagine he's pretty pleased with how things turned out as well.

o it wouldn't. Just remember, with the doubling of the market capitalisation (and the share capital, can't be bothered to work out by how much, but the info is there)... the 33p no longer equates to 33p, but considerably less.

Things have gotten so bad that my 11.49p purchase in lieu of the Open Offer has now increased by 10 whole percent to 12.72p ! :-)

That will take care of 3 months of docking expenses at their stated £8 million per month cost, if I recall.

smorty. You forgot to say "Basket case get rid".

This'll be interesting to watch. 2 pounder midget smorty up against 60,000 pounder gorilla sage. Strap me down....

Yes I agree not very fresh report from the DiM. I just posted it because it was about SAGA. Obviously a few disgruntled types have written in.

https://www.dailymail.co.uk/money/markets/article-8778529/Shareholders-criticise-Saga-plan-raise-150m-lifeline.html

Only so much garbage, ignorant speculation and misinformation one can absorb from you Casino Cowboys, Soapey. Hence my irritation. :-)

Right. "Let me pay 12p and give De Hann the option - if he wants - to buy at less than 12p. Rather than compel him to take it at 12p".
This has to be the most asinine piece of thinking, even for this Board. What a pl0nker.

If I had to take a guess (and on a day to day basis, it is all a guess).... I'd say there would be an overhang after the deadline, as Institutions who committed to the Bookbuilding would have surplus to requirements on their books. This could lead to a short term downward pressure as they off load/reduce their exposure. But I could well be wrong. I'm making an educated guess.
As for the earlier comment on De Haan being forced to launch a take-over, I think it's been organised in such a way that his "worst case" take-up would end up with just under the Take-over threshold.