Member Info for zccax77

Look at the expense numbers and compare against 2019. The numbers indicate no recovery for furloughing from HMRC, otherwise their travel loss would be £20m smaller. They may have furloughed employees and decided to pay for it themselves after the TU.

This has gone down mainly due to CCL results. Look at the time CCL results came out and this dropping.

Those funds are client money and ring-fenced. Therefore nil impact on SAGA.

and it begins.

If this drops to 12-13p will take up the open offer? I have a feeling some won't bother due to the small delta?

So RS and METRO are both in the business of lending money and yet you see no syngeries?

Would be cheaper for Metro now to get a credit card than issue bonds.

alot of the costs are in the underwriting. I do not see them underwriting much here only the £50m not taken up by sir roger. Don't think they did much to reject the bid, they just did not provide access to their books.

I don't know, but the market does not like the losses quarter on quarter and erosion of CET1. When are the FCA going to get their finger out and give them AIRB approval? they applied at the beginning of 2018.

Keeps on going down.

£10m is ridiculous, and what are they offering for that when Sir Roger is underwriting £100m of the £150m.

Jed the rights issue is a done deal since it is fully underwritten.

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

Anyone know why they are selling their loan book?

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.

Not happy with their short, closing so quick!

This company services the wealthiest generation in the history of the UK, a demography which is set to increase. 20% of people over 50 are millionaires, I can see why PE are interested.

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.

"they are just steeling our shares and money when this takes place at the lowest sp."

This is the worst bit, especially when Euan said they did not need to do this raise.

There are a lot of Saga customers stuck in this. Since the IPO was heavily marketed to them.