Member Info for SmallCapThomas

"If you accept the Open Offer, the New Ordinary shares are expected to be credited to your account on or after 5th October 2020. These shares will not be available to sell until this time."

Hi aspers
I just contacted Halifax and they said they are aware they are a little behind but that we should receive something in the next 24 hrs, and that there will be plenty of time to act off the back of it

No I think there's a good chance this will make its way back to near 20p by close.
Some people on here do make me laugh. They start banding around crazy expectations based on either over excitement or trying to ramp the price and then start slinging mud when the price doesn't triple in one day- It was always going to open up high and then drift on that kind of news.
I know its hard not to be over reactive with a volatile stock but realistically this was only ever a way to secure Saga's future, not eradicate COVID and both the FTSE and travel sectors have both taken a punting today, so its hardly a surprise its fallen away. Give it time and have some patience... this is still a far better place than a week ago.
GLA x

Couldn't have sold if I wanted to @25p. First sell bid is now @23p

Does anyone have an idea of what exit price they will sell at? I realise its all dependent on ones own personal average price, but I was interested to find our personal views on best time to wait? X

It's a good point but I think he will have wanted to boost market confidence by taking a higher SP and showing he has faith in the company.
I too agree this is positive news, but lets not overlook the negative impact the share issue may have if offered at much lower than the current SP x

Its a good point Skeletor.

I'm not going to say never, as I've seen how quickly things can go wrong with relatively small companies, but I'd be incredibly surprised if bankruptcy was on the cards. Saga still have a strong, loyal customer base and brand and whilst we all expect a lot more turbulence in the wake of Corona, Brexit, Flooding etc, my opinion (and only that) is that in a few months once things have calmed down and the damage can be assessed this will slowly start to recover. A large proportion of Saga's revenue comes from insurance and whilst that is also feeling the pinch, that surely has been factored in to the drop now and the need for customers to buy it, isn't going to subside.
Understandably investors are shying away from anything that's high risk at the moment, and given Saga are subjected on 3 or 4 fronts at the moment, a combination of loss of revenue and mass selling are causing this to plummet.
I don't think the new management team are inspiring a lot of confidence either and yesterday's RNS, whilst good to see they are remaining positive, did little to reassure.
I think there will be a time and a place for investing here again and that a great opportunity may be there for anyone brave and patient enough , but when and at what price, god only knows.
I am still in and am not planning on going anywhere for now.

GLA

Morning All. I'm in for a modest amount at 1650p. Whilst there could be further turbulent times ahead, I'm confident the SP will recover in the coming weeks/months. The demand for oil and gas isn't going to go away in the next couple of years and I think this is currently one of the safer picks for now.

GLA xx

p.s. Scruffee01 Why Do You Keep Writing Your Sentences With A Capital Letter At The Beginning Of Each Word?

Whilst the outlook isn't exactly rosy for now, there are surely only 2 reasons you'd sell right now:

1) You really need your money for something, non investment related.
2) You're sure that there's a company elsewhere who can recoup your money.

I'm not sure given how the markets are right now, that there is such a guarantee for Number 2.

Let's not lose our heads people. Sit tight and be patient xx

There are a number of factors at work here and there's so much uncertainty in the markets etc which is causing the SP to fall.
When you consider Brexit, Change of interest rates, Coronavirus, Sale of Titan, Credit Card issues and New managament, its hardly surprising that the SP is being held back, despite some fairly solid results.

I bought in a little while ago at a slightly higher price than this and am not planning on going anywhere. Theres unlikley to be a quick win with this share unless youre brave and catch it at the exact right momnets, but I do believe theres profit to be made it the next few months, once the dust has settled (assuming we are not all rotting zombies by then haha)

GLA

A £6m buy has just come through at 1210p...

Wow this wasn’t the morning a lot of people were expecting.
I just hope the mob on here and their pack mentality didn’t lure too many people in last night. There was a lot of derision on here for people not offering total and utter optimism last night. Maybe other opinions should be considered too without assuming it’s a ramp/de-ramp.
GL to anyone still in x

A couple of days ago I had a nibble at 1490 and sold when it opened at 1910 the day after. Was fortunate to enter and exit at just the right times and make the most of the initial bounce.
My gut says it wont bounce in the same way again and that there must be some basis for the drop for it to happen twice. Only my opinion but I'm steering clear of a second nibble for now...

Not by me : )

£19m bought at 1747.50...

Me too. Eeep!

Never seen anything like this. The plummet isn't relenting. Tempted to have a nibble but not sure I have the balls at the moment...

"The airline giant reduced its forecasts for expected growth in available seats per kilometre to 3.4% for the years from 2019 to 2023, from its previous prediction of 6%.

IAG also reduced its forecasts for growth in earnings per share to 10% from 12% due to lower planned capacity growth.

However, it held firm on long-term profit margin forecasts as it said it still expects to deliver an operating profit margin of between 12% and 15% for the next three years."

The SP is making an initial recovery and I think Compass is right the figures aren't too bad. It does seem that this stock always reacts harshly to mixed news initially and then usually recovers when the details are considered...

Thanks for your thoughts, gents. I think you are right that the SP will reach £6 but it may not be for a few more months and its hard to know whether to be patient or look for opportunities elsewhere. I have my eye on about 20 other stocks I'm itching to dip into, so there's always a temptation to keep things moving around rather than be patient.
Interesting points Numbers. I've never been one to sell off part of my holding in the past, but maybe its something I need to consider. x