Saga Share Discussion Threads

[optomistic] 24/1/2017 15:58

Perhaps that is what Lance was hinting at in the trading update diku:

'Significant progress has been made in analysing the customer database and mapping customer activities and behaviours, to identify key drivers of future value for the business. Further details of this work will be shared at a Capital Markets Event to be held on the same day as the full year results announcement, 29 March 2017.'

[diku] 24/1/2017 13:13

What chance this company gets split up to get more value out for shareholders......Holiday/leisure & Insurance....

[optomistic] 24/1/2017 10:48

180 is hopefully going to provide support.

Nothing has been aired to cause this sudden weakness so hopefully it's just market fluctuations with a wide trading range 180/220

[diku] 24/1/2017 10:35

RSI looking grossly oversold here...CEO bought shares recently...

[andrew112] 19/1/2017 17:43

This investment is a dog

[optomistic] 22/12/2016 15:16

Yes, just the move up off the bottom OXMAN. Not really a Santa rally, bit I think the biggest single move for some time...it's good to see :-))

[its the oxman] 22/12/2016 15:04

Is that the move up to 192p your talking about or have I missed something. Where is our Santa share price rally?

[optomistic] 22/12/2016 14:08

A few tentative steps in the right direction OXMAN...

[its the oxman] 09/12/2016 15:21

Any holders out there thinking this is a bit left behind by the market. Recent director purchase just under 190p. Hoping next trading update will drive this back towards 220p.

[diku] 31/8/2016 09:26

Breakout?...

[sundan] 28/4/2016 16:59

Thursday 28 Apr 2016 12:45

John Goodsell, Chairman, bought 2,564,103 shares in the company on the 26th April 2016 at a price of 195.00p. The Director now holds 2,564,103 shares. NOTE: Connected owned company Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

[sundan] 26/4/2016 16:43

Broker Forecast - Goldman Sachs issues a broker note on Saga

Tuesday 26 Apr 2016 11:20

Goldman Sachs today upgrades its investment rating on Saga (LON:SAGA) to buy (from neutral) and raised its price target to 245p (from 215p). Story provided by StockMarketWire.com

[rambutan2] 22/4/2016 16:38

It means that the private equity holders, who everyone knew were sellers as the stake was in a limited life fund, have now cleared out and that the big overhang has been bought by (supposedly) longer term holders. Phew, says the City and is now happier to buy into a steadier ship whose recent statement pointed to sunnier days ahead. Or something like that...

[izztre] 22/4/2016 08:58

For my learning can someone tell me why the share price would go up on the news of a 30% secondary placing at 1.95

[sundan] 22/4/2016 08:28

ShareCast News) - Saga's main shareholder and former private equity owner Acromas sold off its last remaining shares overnight, with chairman Andrew Goodsell taking the opportunity to buy £5m of stock.
Tuesday's encouraging results and bumper dividend helped lift the shares back towards 200p, which led Acromas to place the last of its 31.5% stake with institutional investors in a sale on Thursday night.

The disposal at a price of 195p apiece will give Acromas £688m before costs.

Broker Numis said it had placed 352.7m Saga shares with City institutions, with the full settlement expected to take place next Tuesday, 26 April 2016.

Following this, Acromas will no longer hold any shares in the company, but Goodsell will increase his stake after agreeing to purchase 2.6m shares at the same price.

[sundan] 19/4/2016 07:25

This morning we announced our second set of preliminary results. In the year in which we celebrate our 65th anniversary, I am pleased to say that our results show a thriving business and one that has continued to deliver the strategy for growth we set out in early 2015.

We have seen a robust growth in profits of over 5.0% to £211.0m. We have also generated a strong free cash flow which has allowed us to continue to reduce our debt, while also increasing dividends to shareholders.

The Board has proposed a final dividend of 5.0p per share, giving a total dividend for the year of 7.2p per share. This equates to 57% of our net earnings1, an increase over the 49.5% paid last year. Additionally, we have increased the range for future dividends from 40%-60% to 50%-70% of our net earnings. This is a meaningful change, and one that signals our commitment to driving shareholder returns through sustainable dividends going forward.

We have achieved a great deal in the last twelve months in delivering on the strategic objectives we set for ourselves. We have grown our core insurance and travel businesses, launched a panel in motor insurance and announced our investment in a new ship. We have also expanded our personal finance offering with the launch of Saga Investment Services, and we have continued to develop our pilots in private homecare and retirement villages.

Beyond this, we have reviewed how we allocate capital to our underwriting activities within our own underwriting vehicle, AICL. While we have always generated a majority of our profits from areas in which we do not allocate any capital, our underwriting activities still require the deployment of a significant amount of capital.

We have therefore entered into a quota share arrangement for our motor insurance underwriting operations. In essence this will mean that we will reduce the amount of risk we carry, and therefore the capital we need to hold against that risk. As a result Saga will generate additional free cash flow and this has enabled us to increase our dividend payout range whilst continuing to reduce our level of debt.

Looking ahead, we have a clear plan in place to continue to build on progress we have made in the past twelve months. Central to this is becoming an ever more customer focussed organisation, enhancing our customer insight, creating personalised interactions and working to reinforce our long-term relationships with our customers.

We also aim to continue to grow our insurance and travel businesses, while identifying and investing in areas for future growth. Finally, we will be working to further develop our people, who are central to ensuring that customers receive the Saga experience right across the business.

In summary, our fundamental aim remains to deliver long-term, sustainable value for our shareholders by achieving the right balance between customer growth, earnings growth and returns to shareholders through dividends.

I am pleased that we delivered on our plans for the year, growing customer numbers, profits and dividends, while continuing to reduce our debt. We have a clear strategy in place to continue to build our businesses and we have started the current year well, allowing us to look forward to the future with both confidence and excitement.

As always, you have my most sincere thanks for your continued support and I look forward to updating you on our progress again soon.

Yours sincerely,


Lance Batchelor
Group Chief Executive

[sundan] 17/4/2016 17:04

Shares in Saga are a 'buy' for the Sunday Times' Inside the City column, after a steady but unshowy performance since its initial public offer two years ago. Management plan to shift the business from a plain old insurer that also markets holidays and other services to its over-50s customers, into a broker that makes commission from sales made to third parties, who will offer services under the company's brand but take on more of the risk.

This will require the group to hold less cash - of which £210m of cash and equivalents sat on the balance sheet at the half-year - and return some of this in dividends. A reinsurance deal in March took some risk of the table and analysts predict that alone could result in a bigger year-end dividend. Ahead of results this week, Saga's shares are available on a forward p/e ratio of 14, whereas ratings for brokers are nearer 16.

[sundan] 30/3/2016 10:39

Saga : Signs Quota Share Agreement For Motor Policies With Munich Re


Envoyer par mail



03/30/2016 | 02:10am US/Eastern


















LONDON (Alliance News) - Saga PLC on Wednesday said it has signed a quota share agreement for motor policies underwritten by its AICL unit.


The FTSE 250-listed company, which provides products and services for over-50s, said the quota share deal with NewRe, a subsidiary of German reinsurer Munich Re, will cover 75% of the risk of motor policies underwritten by AICL since February 1.


The initial agreement is for three years, with the option to extend for another three years.


Saga said the deal will significantly reduce its underwriting risk and will lead to a phased withdrawal of capital from its underwriter.


"This quota share arrangement is the next logical step in delivering our strategy and the favourable terms of the deal that we have signed are testament to the quality of the Saga underwritten book and our historic underwriting performance," said Lance Batchelor, Saga's chief executive.





Copyright 2016 Alliance News Limited. All Rights Reserved., source Alliance News

[edmondj] 09/2/2016 18:07

Could be anything: paying off debt, property purchase, demanding wife; although it doesn't exactly convey 'screaming bargain'.

[optomistic] 09/2/2016 16:46

Jules Christmas gets 108,108 shares for free and just couldn't sell them fast enough...does that tell us something or not?

[diku] 01/2/2016 23:26

Is this accident waiting to happen?..