Member Info for SumOverHistories

When I said buy back, I was referring to resolution 18 at the AGM.

“To authorise the Company to purchase its own shares”

Does this not constitute a potential share buy back?

Been in here since 110 and just cannot believe how badly this company has been managed. The NASB sale price was the crowing turd in the water pipe.

Is the share buy back likely to push the price up much? If so, could we potentially see a rights issue to help the balance sheet once the share price is up at a more reasonable level?

Suddenly spiking up from 120 to 129 following Issue of Equity RNS. Insider trading?

a j bell? more like a j *******

Looking medium to long term, I previously heard a lot about the windfall public transport companies may receive from the wider move towards net zero.

Something that also recently struck me is that NEX should be a big beneficiary of advances in AI technology. Although not in widespread use, driver less busses and trains appear to have already arrived on the scene. Not good to see people lose their jobs to AI, but from a shareholder perspective, surely over the next 5 to 10 years NEX will be significantly reducing the number of drivers they employ, as they move towards more widespread use of driver less technologies.

Just a thought on the medium to long term prospects of this company...

In the short term, yes there is a significant amount of debt, but this business is cash generative and appears to have a decent track record when it comes to growth.

Thanks, Teddy. Yeah, I just looked it up and I get it now. If you want to buy the company then you are essentially also buying the debt.

I find it hard to understand that formula. Hopefully someone can clarify.

Why would you add total debt to the market cap. Surely you would deduct total debt?

Re the vaccines and boosters requirement. The demographic is old gits, who are high risk, so they probably don’t want to risk anyone coming down with the virus and dieing onboard.

Re the current share price. No doubt there’s some money to be made by trading this, as there’s bound to be some further ups and downs. I wouldn’t fancy holding it long term again though, unless someone can offer some good news regarding insurance. When I say good news, I mean a return to previous levels of insurance profit. Not selling off bits of the insurance business at bargain basement prices.

I’m gutted for everyone here particularly the LTHs. I was in here for a few years and made a small fortune during COVID post rights issue and then lost it all and more thinking that the previous £100 million of insurance profits was a given going forward. I exited a couple of weeks ago and went over to NEX. I now feel very thankful that I did.

I hate to utter those much despised words, but a big rights issue and cash injection to allow for the pay down of some of the large debt pile seems like the best play for the company right now. Otherwise, it’s going to take years and years and there may even be question marks over the viability going forward.

The possibility of the 600 p party has evaporated along with my confidence in the business.

So are you expecting insurance to profits to return to normal again this year? i.e. £100+ million.

I think banbury is bang on the money here again. The fundamental issue here is that the fabled £100 million of insurance profits have evaporated. Without the great historic contribution from insurance, this company is just a struggling travel business, weighed down by massive levels of debt.

I exited here a couple of weeks ago after 2 awful years on board the ship. I've taken my business over to NEX, which I think has got better short to medium term prospects. I do hope that the results next week mark the beginning of the recovery for the share price here. However, without a big insurance turnaround, I just can't see how it's going to happen.

Good luck all.

pmsl

Hey JS and RM1

Been off the radar for a while but what concerns me about this stock now is the way it is getting singled out and hammered down more than the other travel and cruise stocks.

8.34% down yesterday? What was that all about. Too much debt on the balance sheet no doubt. I know Banbury has been on about it for years, but they need to sell off some of the s*** like Travel that’s holding them back.

All the best lads.

hey joesoap. long time no speak.

just hopped back on here today after a long exodus. looks like you and Alnwick are one of the few remaining SAGA old boys on here now.

I’m still in here believe it or not. must admit I’m well and truly p****d off with it now though!! The so often talked about fabled Banbury 600 p party in York feels like a mere pipe dream and distant memory now.. More likely to see a 60 p party at Wetherspoons in Blackpool I think.

It’s a good question. It would be nice to see some strong director buys.

Isn’t it the case however, that due to insider trading rules, there are only certain restricted windows that insiders can buy in? Hopefully someone in the know can clarify.

Chinese invasion of Taiwan on the cards anyone?

Absolutely appalled by what is another large fall for SAGA today.

However, just to point out, the entire cruise industry is getting annihilated today, including in America. Carnival are down nigh on 13%.

When will this relentless pain and suffering end.

Ahoy there shipmate.

Very positive and enjoyable forecast, Alnwick. I will be delighted if you are right on this one.

Definitely not courtesy of sunsak. His family don’t believe in paying UK tax.

Great. We’ve been getting hammered due to travel news and now we’re also getting hammered down due to insurance industry news.