In perhaps the most widely read IPO in the UK since Royal Mail, Saga (LSE: SAGA) has floated on the London Stock Exchange — but right at the bottom of the price range, at 185p, and it’s dropped a further 5p since then. But Owain Bennallack has an optimistic take on this — watch the video below to find out more…
Why Saga plc’s IPO Flop May Be Good News
VIDEO: One Fool puts Saga plc (LON:SAGA) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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