LSELondon South East
IIIInteractive Investor
DTMdiscussthemarket.com
SAGA Spain Fund
01 Oct 2015
You with Tempus or Questor ? I got out with 25% profit so not been following much recently but this article caught my eye on DigitallookThe Telegraph and The Times are again at odds over what to do with a particular company – this time it’s Saga.The company, which sells products and services for people over the age of 50, said on Wednesday it remains on track to meet its annual targets on the back of a surge in interim pre-tax profit. In the six months to 31 July, pre-tax profit more than doubled to £101.3m while revenue grew 8.6% year-on-year to £478.3m.The Times’ Tempus highlighted that it is sticking to its promises it made when it floated by extending the brand into other areas including financial services, upgrading its travel operation and reducing debt. With that in mind, Tempus is reiterating its recommendation from May – buy long term.However Questor doesn’t agree. It says that with £536m in net debts against £1bn in net assets, investors are exposed to more risk than other motor insurers. On top of that, the insurance sector is a tough area to work in, with “low growth and fierce competition”.It also highlighted that previous private equity owners CVC, Permira, and Charterhouse have reduced their stake from 72% to 44%. Tempus thinks they’ll be looking to ditch the business completely within the next 12 months, and thinks investors should sell as well.
SMDS raptor66
01 Oct 2015
Dividend DividendThe proposed final dividend is 7.7 pence (2013/14: 6.8 pence), giving a total dividend for the year of 11.4 pence (2013/14: 10.0 pence). Dividend cover before amortisation and exceptional items was 2.1 times in 2014/15 (2013/14: 2.1 times). The final dividend will be paid on 2 November 2015 to shareholders on the register at the close of business on 2 October 2015.
SRES guyswonga74
01 Oct 2015
Drip drip drip. The nervous or impatient traders still keep selling off
sold GLEN. enough profit for me. now topped up JLP and WRES. may multibag next week/the week after
CAMK LoadsaDosh2
01 Oct 2015
Re: SCamkids suspended I dont short; it is not investing and is a dubious practice.
TRT longtermBLVR
01 Oct 2015
Re: scenario I guess the only piece of news is that "The company is in discussions with a preferred bidder regarding the possible sale of IntelliSaw". Someone has been shortlisted, and is serioulsy interested - so probably a matter of when...Also, IntelliSaw has been mothballed so cash savings of 1 mln a year. The other 2 divisions are near Breakeven.
ALNT Merlindale
01 Oct 2015
Re: Alent buy out I got tired of waiting around for the takeover, specially having lost out on RSA's collapsed takeout, so I cashed in at 496.6p a few days ago and am delighted to have trebled my money on this half of the old Cookson - wonder if Vesuvius will also be taken out one day?
APR arborman
01 Oct 2015
Re: LG Glad i didn't wait to top up sub 50 LGAverage of 80p, just under 16k sharesHappy days
The shorters are just traders, that's all they know. Unfortunately, due to the highly complex nature of this science no-one really has any idea fundamentally about the subject. It is all guesswork. That's why some faith in management is crucial. When the CEO says there will be multiple contracts on completion of the factory it is important that he delivers. We await news .. strong markets ahead, to which should help. Everyone gets fearful but the capitalist system kicks in and cycles play the same tune every year..
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