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Roger De Haan watched as the holidays-to-insurance empire his father built lost its way. He’s returning with a plan to woo people like him — the over-70s
https://www.thetimes.co.uk/article/saga-heir-roger-de-haan-sails-back-to-target-even-greyer-pound-w95z6tjpn
Sir Roger has given away alot of his wealth through charity, I doubt he is out to screw over the little guy PI. This is a business his old man set up and he grew consistently year on year before selling. It is a no brainer for him to buy since the business now is twice the size it was when he sold it for £1.25bn.
After the RI and boat delivery they will have net debt of £760m. Post Covid they will have EBITDA of £200m. How long do you think it will take them to take big bites out of that debt figure especially as they have 65% retention of cruise bookings. Sir Roger is getting too good a deal I feel. He should have paid 30-40p.
I am not sure why they are taking early delivery for the second ship when they will have to put in warm layup straight away. This will cost a lot of money on terms of mooring fees and paying for 50 staff to look after it.