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What kind of dividend did saga pay pre covid? ie what kind of dividend could you expect in a few years if the Chinese virus finally f***s off.
Sleepy joe
What are you saying? That they need to get a more optimistic accountant?
He might have a couple of hundred million stashed away under his mattress for a rainy day. No point putting it in the bank with the appalling interest rates you get these days.
In the worst case scenario next year, is Mr Haan Man rich enough to provide Saga with an interest free bridging loan to see them through? I heard he was a billionaire.
A lot of the board have got money invested. Surely the more likely explanation is they felt their shares would be worth more than 33 p a piece in the medium to long term.
Are you suggesting that this Roger De Haan chap who has just coughed up £100 million might actually have some kind of plan?
"In connection with the capital raise, the Company intends to ask shareholders to approve a share consolidation. Under
the consolidation every 15 Ordinary Shares of 1 pence nominal value (including new shares issued in the capital raise)
will be consolidated into 1 Consolidated Share of 15 pence nominal value. The consolidation is being undertaken because
the current trading price of the Ordinary Shares is such that a small movement in the Company’s share price could result
in a large percentage movement and considerable volatility. Thus the purpose of the consolidation is to try to establish a
market price for the Company’s shares that is more appropriate than the market price at present."
Apologies for the stupid question. Given the shares are currently 10 p each, does a 15:1 consolidation effectively mean the price per share will become 150 p?
That sums this up well. Very enticing upside, but difficult one to dip in and out of due to the low volumes and spread. I’m currently out but I’m hoping to get back in again soon.
What makes you so sure? Are you expecting a loss in Q3 earnings?
Steady share price increases here over the past 7 trading days. Can this get back to 430 or maybe even 460 prior to earnings on 29th October?
Might help if the government and regulator didn’t treat what is essentially a private company as though it was still in the public sector.
Expected to bankroll the rollout of nationwide fibre and 5G infrastructure but yet restricted in what it can charge consumers and forced to provide competitors with access to its expensively built network.
May as well be renationalised at the current share price.
Anyone got any thoughts on whether this tender offer is good or bad news? They appear to be trying to shore up their capital position.
Cuomo - complete nob jockey. His daily cases have been low for months and he's opened up practically everything but theatres.
Studios - agreed, greedy b******s. Far better placed to weather the storm than their exhibition partners and would have got their money anyway eventually, just over a longer period of time.
Mooky - not sure how much blame you can lay at his door really. Coronavirus, studio release delays and attendance levels were out of his control. Fair enough, his comms have been utterly s***, but he's been in a tough spot. The only thing I think you can really get him on is taking on too much debt prior to this year - but again, if it hadn't been for the Chinese virus, he would have got away with it.
Not to mention gyms and swimming pools, which are apparently open in New York. I think he's short on CINE and AMC.
He's playing the "let's see if we can put all of our cinemas out of business" game.
Lol. I think a lot of BT shareholders feel that way.
The situation is dire but they've got liquidity until late next year. If they can get another covenant waiver from their lenders they'll probably be OK.
If you can get out at a reasonable price tomorrow morning, I'd be tempted to get out and then potentially get back in again at a lower price. If the price gaps down below 30 p first thing, I'd probably just do as ocean says and leave it in. Very unfortunate situation and tough one to call.
I like the many worlds interpretation (i.e. multiple outcomes in parallel universes) just for the shear coolness factor of it. I do also see pre-determinism as a strong contender however.
I've often wondered about the concept of free choice and whether it actually exists or not. It seems to me that on a human level, every decision you make in life is essentially a function of the genetics you were born with and the environment into which you were born. It seems to follow therefore that the universe is in essence just following a pre determined script.
That's one of the things I like about physics, once you start considering the big theoretical questions, you end up back in the arena of philosophy and belief.