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SAGA Saga Plc

110.20
-3.60 (-3.16%)
Last Updated: 15:15:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Saga Plc LSE:SAGA London Ordinary Share GB00BMX64W89 ORD 15P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.60 -3.16% 110.20 368,130 15:15:01
Bid Price Offer Price High Price Low Price Open Price
109.60 110.40 117.60 108.60 117.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 581.1M -259.2M -1.8401 -0.60 156.07M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:15:10 O 901 110.40 GBX

Saga (SAGA) Latest News

Saga (SAGA) Discussions and Chat

Saga Forums and Chat

Date Time Title Posts
10/4/202422:03Saga -no bus tokens to ride3,885
08/3/202411:04Close Brothers bring SAGA to market21,896
06/3/202216:43*** Saga - Insurance company ***13
04/3/202218:09Saga - how much cash left?5
19/12/202110:21Saga Set To Crash By 40% Press Comment42

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Saga (SAGA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:15:11110.40901994.70O
14:15:10110.00400440.00O
14:15:01110.203,2613,593.62AT
14:15:01110.201,5741,734.55AT
14:14:46109.20708773.14AT

Saga (SAGA) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Saga Daily Update
Saga Plc is listed in the Misc Retail Stores, Nec sector of the London Stock Exchange with ticker SAGA. The last closing price for Saga was 113.80p.
Saga currently has 140,858,551 shares in issue. The market capitalisation of Saga is £156,071,275.
Saga has a price to earnings ratio (PE ratio) of -0.60.
This morning SAGA shares opened at 117.60p
Posted at 07/2/2024 08:53 by tomtum1
Another loser who bought SAGA at its highs and cant see the wood from the trees.Pretty sure you made predictions of a 6 quid share price a few years ago.
Posted at 06/2/2024 23:10 by fjgooner
I am assuming that the investment world is now perverse.

A couple of years ago, when results were FAR worse and transparency going forward was utterly lacking, Saga was trading between 300p and 400p. If I recall correctly the CEO bought £200,000 worth of shares at just under £3.90.

Now, with travel almost fully on track and cruise booming, why all this gloom from the markets?

Insurance has been under pressure over the last couple of years, but all the talk in the media over the last couple of days has been about motor policy prices rocketing.

So why the gloom?

See: sharecast.com/news/news-and-announcements/saga-says-annual-profit-set-to-more-than-double--15995692.html

Saga says annual profit set to more than double

Saga said on Tuesday that it expects full-year underlying pre-tax profit to more than double on the previous year as it hailed an "outstanding" year for the cruise and travel businesses.

In an update for the period from 1 August 2023 to 29 January 2024, Saga - which specialises in products and services for the over-50s - said it now expects revenue growth of between 10% and 15%.

Ocean Cruise revenue is expected to grow by around 30% year-on-year, it said, delivered through a load factor of 87% and per diem of £331, both significantly ahead of the 75% and £318 seen a year earlier.

As a result, and in line with previous guidance, the group expects to exceed its target of £40m Ocean Cruise trading EBITDA per ship.

Meanwhile, the river cruise segment is expected to return to underlying profit, supported by a load factor of 85% and a per diem of £285. This equates to revenue of around £44m and 17,000 passengers, up from £29m and 12,000 a year earlier.

Travel revenue growth is expected to be between 40% and 45%, with 58,000 passengers, up more than 20% on the prior year. In line with previous guidance, travel - when combined with the river cruise business for consistency with previous reporting - is on track to return to pre-pandemic underlying pre-tax profit, it said.

Chief executive Mike Hazell said: "For 2023/24, Saga remains on track to deliver significant growth in revenue, in addition to an underlying profit more than double that of the prior year, exceeding our previous guidance.

"Our cruise and travel businesses have had an outstanding year, having taken around 120k passengers on holiday, with customers continuing to be drawn to the strength of the Saga brand and offer. As a result, these businesses will return to profitability, in line with expectations. In insurance, the market-wide inflationary environment and declining policy volumes are continuing to impact our performance.

"The year ahead will see a continuation of these trends across our business. Bookings for the new seasons in cruise and travel are robust, showing good overall progress."

Saga confirmed at the end of last week that it was considering options for its cruse business, including a partnership arrangement.
Posted at 26/1/2024 07:21 by aishah
Saga plc

Response to Media Coverage

Saga plc (Saga or the Group) notes recent media coverage. Saga is committed to providing best-in-class products and services to its customers across all its businesses. The Board is exploring opportunities to optimise Saga's operational and strategic position in Cruise, where exceptional demand for its boutique ocean cruise offer means it is operating at close to capacity. It has concluded that a partnership arrangement for Ocean Cruise would be consistent with Group strategy to move to a capital-light business model to support further growth and crystalise value, reduce debt and enhance long-term returns for shareholders.

No decision has yet been made and there can be no certainty that any partnership agreement will occur. A further announcement will be made in due course, as appropriate.
Posted at 21/12/2023 22:41 by koetser
Kulvinder don’t worry saga has definitely turned the corner this time. With the UAE guy buying, travel and cruises doing well as well as insurance market turning the corner. I would expect to see saga’s cash flow and share price to both rocket
Posted at 20/12/2023 22:15 by hope1815
British Bulls seem to have a good run of their predictions. With prevailing news on inflation, insurance outlook, and a new investor. These probably were the factors for the increase in the share price. It is nice to look at different sites to gauge how the share price may perform. They only go so far in predicting share price with candle stick movements.
Posted at 23/10/2023 21:58 by hope1815
EY-Parthenon with its PE arm and how to work Bonds. Presently Saga Plc has 2 Bonds outstanding.

1 Saga PLC 3,375% 17/24 which Matures 12 May 2024

Current price 95.77

2 Saga PLC 5,5% 21/26 which matures on 15 July 2026

Current price 79.475

Understanding private equity funds may acquire private companies or public ones in their entirety, or invest in such buyouts as part of a consortium. Private equity firms and funds invest in mature companies. They manage their portfolio companies to increase their worth or to extract value before exiting the investment years later.

So the question is why would EY-Parthenon be interested in Saga PLC?

With Private Companies where they are based is important for reasons of debt, Leverage, etc. It depends on the strategy PE wants to pursue. The understanding PE if they want a return on Capital over a period of time Saga Plc fits their outlook.

Saga Plc itself is presently in the Market which caters to 50 plus and increasing market size. It has a moat from a business sense. It is expanding its brand across the world with various Travel opportunities.

They have probably done a strategic review of the company from public records, and trading updates and watched various presentations from the Company. They can see potential in the company if run properly. It is cash-generative which is a plus, the Company in the past has tried and failed to offload different Assets.

The company is worth more in Assets presently than its Market Cap by a big margin and sees it has the opportunity to increase its market brand while offloading Asset sales.

In the meantime will the chairman be persuaded to sell or a joint venture to take private?
Posted at 24/1/2023 07:06 by skinny
Saga plc (Saga or the Group), the UK's specialist in products and services for people over 50, provides the following update on trading covering the period from 1 August 2022 to 23 January 2023.

Highlights

-- We remain on track to report an Underlying Profit Before Tax of between GBP20m and GBP30m, in line with previous guidance.

-- Revenue for the Group is expected to be between 40% and 50% ahead of the prior year, driven by continued Cruise and Travel recovery following the pandemic.

-- Our Ocean Cruise business achieved strong load factors and per diems in the second half of the year with an encouraging pipeline of bookings:

o Load factor for the second half of 2022/23 is expected to be 84%, delivering a full year load factor of around 75% which is in line with guidance and compares with 68% in the prior year.

o Per diem for the full year is anticipated to be GBP318, also in line with guidance and compares with GBP299 for the year ended 31 January 2022.

o These metrics, when combined, result in expected year-on-year revenue growth for 2022/23 in excess of 100%.

o Our booking position for 2023/24 is strong, with a load factor and per diem of 60% and GBP337 respectively at 22 January 2023.

-- Following its successful relaunch earlier this year, our Travel business delivered significant growth in revenue with strong bookings for next year:

o In 2022/23, revenue will have increased tenfold when compared with 2021/22 however, after allowing for marketing and administrative expenses, the business will report a small underlying loss before tax for the year, in line with guidance.

o Our 'Tailor-Made by Saga' proposition has been expanded to include 15 new worldwide destinations, self-drive and motorhome holidays, ahead of the full launch in February 2023 .

o Touring bookings for the 2023/24 year are strong, with increased demand for long-haul destinations. Incoming call volumes over the first three weeks of January are also ahead of pre-pandemic levels.

o At 22 January 2023, booked revenue for 2023/24 was GBP110m which is 13% ahead of the same point last year.

-- Insurance Broking is expected to be broadly in line with guidance:
o Total policies in force, at 31 January 2023, are expected to be 3% behind the prior year, with policy sales also 3% behind.

o Customer retention continued to improve across motor and home in the second half, now at 84% and 1ppt ahead of the prior year.

o Our motor and home margin per policy is expected to be around GBP71.

o Travel insurance is expected to deliver more than 200% growth in revenue vs. the prior year, with policy sales increasing by more than 95%.

-- Insurance Underwriting, in line with the wider market, continued to experience high levels of claims inflation which we estimate to have averaged 13% for the year as a whole:

o The underlying current year combined operating ratio for the full year, excluding quota-share reinsurance, is expected to be around 125%. This is higher than previously forecast, mainly due to a modest increase in claims frequency and an above-average level of current year large losses.

o This is largely offset within our result by quota share reinsurance recoveries and favourable development on prior year large losses, albeit, in line with previous guidance, prior year reserve releases in the second half are expected to be materially lower than the first.

o We continue to focus on reducing the current year combined operating ratio as prudent double-digit increases to pricing begin to flow through to earned premium.

-- Saga Money delivered top line growth and increasing customer numbers when compared with the prior year, supported by incremental TV and media advertising.

-- This morning, our Media business launches Saga Exceptional, a brand-new website containing best-in-class consumer advice and inspirational stories that celebrate the 'Experience Generation'. Further details, including how Media will act as a pipeline for customers into the Group and also become profit-generative in its own right, will be presented at this afternoon's Capital Markets Event.

-- Available Cash is expected to be around GBP140m at 31 January 2023 and net debt, at the same date, is anticipated to be slightly higher than at 31 July 2022.

-- We have concluded discussions with our lending banks to amend the covenants in relation to our revolving credit facility (RCF), providing us with greater flexibility in relation to liquidity used for short-term working capital purposes.

Euan Sutherland, Saga Group Chief Executive Officer, commented:

"Saga continued to demonstrate progress in the second half of the year, delivering a trading performance which is broadly in line with expectations. Our Ocean Cruise business saw strong customer demand and an encouraging pipeline of forward bookings while, in Travel, we launched our new digital offer and continued to expand our range of products. We continued to navigate a challenging period for the UK motor insurance market and, although there has been some pressure on our Underwriting business, our Retail Broking result will be in line with expectations.

"Overall, we are well-placed to continue our growth as we make progress against our three-step plan which is focused on maximising our existing businesses, step-changing our ability to scale while reducing debt and positioning Saga as 'The Superbrand' for older people in the UK."

Capital Markets Event

As detailed in our separate announcement this morning, management will be holding a Capital Markets Event for institutional investors and analysts at 3.00pm today in London. If you would like to attend, please email saga@headlandconsultancy.com . There will also be a live webcast, with registration available at www.investis-live.com/saga-group/63b6c964d426f40c0004b5ff/scme . A recording, alongside the presentation slides, will be available shortly after the event at www. corporate.saga.co.uk/investors/results-reports-presentations/ .
Posted at 17/11/2022 13:18 by fant1
Just a quick visit, where is this £6.00 Saga share price prediction? It's painful to read postings from long term holders (Aye) in hope that they may well recoup their money. :-(
Posted at 21/10/2022 08:47 by diku
But then there is the other option...remember Saga share price started crashing well before Covid...in 2019...BOD should have considered the Insurance and leisure strategy together is not working...listed on no mans land sector since IPO...
Posted at 10/10/2022 20:28 by fant1
Where are all the rampers who called the Saga share price to 600 last year? 445 to 80.25 as reality bites. Those people know who they are and should be totally ashamed of themselves.
Saga share price data is direct from the London Stock Exchange

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