Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I doubt they would in 2023. I wonder what price they will ipo at? Hopefully the saga bod will take notice and make sure we get a fair deal with doing whatever they are planning on doing with regards to the partnership.
Https://www.reuters.com/markets/deals/travel-firm-viking-holdings-seeks-raise-11-bln-us-ipo-2024-04-22/
IPO at 10x EBITDA.
If one of the big operators buys saga they will be able to increase Ebitda by at least 20mn due to operational leverage. Saga's cost base is far too high given their lack of scale. Plus they will be able to add additional ships to the fleet.
The cruise business is still growing, based on current projections on occupancy and per diems the PBT is likely to double in the next 2 years. The current year PBT would have been 5.9m higher if not for what happened in November.
Their travel business is a joke, 1.5m profit on 150m of revenues in a good year. In a bad year like COVID they were be losing 20-40m a year. Someone explain to the BoD the concept of risk adjusted returns. Their cost base is disproportionately high for such a tiny business.
Will sir Roger be happy about losing the ships from Folkestone?
At £360 per diem, these ships should be the most profitable in the UK, yet they barely will make £30-40m EBITDA pa each. It would be better to sell the entire business to someone who can leverage it and increase the fleet size. Saga management are too incompetent to get anything right.