We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| 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
|
|
|---|---|---|---|---|---|
| 2.40 | 1.98% | 123.40 | 55,025 | 13:25:06 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 123.60 | 124.60 | 123.40 | 121.80 | 122.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Retail Stores, Nec | 741.1M | -113M | -0.7882 | -1.57 | 173.47M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:20:56 | O | 1,870 | 123.85 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/12/2024 | 11:17 | ALNC |  Saga hails "exciting" step as seals two deals with Belgium's Ageas |
| 16/12/2024 | 07:00 | UK RNS | SAGA PLC Saga and Ageas agree new Insurance partnership |
| 10/12/2024 | 15:57 | UK RNS | SAGA PLC Director Declaration |
| 24/10/2024 | 06:35 | UK RNS | SAGA PLC Correction - Director Declaration |
| 24/10/2024 | 06:35 | UK RNS | SAGA PLC Director Declaration |
| 11/10/2024 | 08:23 | ALNC | TOP NEWS: Saga in exclusive talks with Ageas for 20-year partnership |
| 11/10/2024 | 06:00 | UK RNS | SAGA PLC Interim results for the six months ended 31 July |
| 11/10/2024 | 06:00 | UK RNS | SAGA PLC Saga and Ageas in exclusive negotiations |
| 02/10/2024 | 08:38 | ALNC | Saga jumps 12% as confirms insurance deal talks with Belgium's Ageas |
| 02/10/2024 | 06:00 | UK RNS | SAGA PLC Response to Media Coverage |
Saga (SAGA) Share Charts1 Year Saga Chart |
|
1 Month Saga Chart |
Intraday Saga Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/12/2024 | 12:58 | Close Brothers bring SAGA to market | 22,105 |
| 06/9/2024 | 15:28 | Saga -no bus tokens to ride | 3,983 |
| 06/3/2022 | 16:43 | *** Saga - Insurance company *** | 13 |
| 04/3/2022 | 18:09 | Saga - how much cash left? | 5 |
| 19/12/2021 | 10:21 | Saga Set To Crash By 40% Press Comment | 42 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:20:57 | 123.85 | 1,870 | 2,316.00 | O |
| 14:00:23 | 123.60 | 173 | 213.83 | O |
| 13:52:24 | 123.60 | 17 | 21.01 | O |
| 13:11:28 | 123.90 | 70 | 86.73 | O |
| 12:58:33 | 123.60 | 2 | 2.47 | O |
| Top Posts |
|---|
Posted at 30/12/2024 08:20 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 121p.Saga currently has 143,361,741 shares in issue. The market capitalisation of Saga is £176,908,388. Saga has a price to earnings ratio (PE ratio) of -1.57. This morning SAGA shares opened at 122.40p |
Posted at 16/12/2024 10:47 by rmillaree perhaps the good news here is the note below. It seems like for this deal to go ahead the following conditions need to be met - presumably saga wouldnt be going down this route if they didnt have cause to be hopeful they can sort.so even if this deal is not great - if it allows the wheels to turn so that the other financing issues in 2026 are also sorted then thats probably good news overall - even if the sale is not a great bit of business. At present with material concerns over going concern notes there is the real danger that current holders could have suffered severe dilution. Unfortunately perhaps ultimately there is a still a chance that may still happen? - so until such time as the bond and loan issue are formally kicked down the street perhaps the maket may realise the issue is perhaps not as of yet fully sorted. Should holders be worried that the notes below might suggest that they are going to go cap in hand to shareholders anyway ? hmmmm - not presuming that but i dont think company is deffo in the clear ref avoiding dilution. 1 Conditions include the publishing of Saga's interim accounts for the six-month period ended 31 July 2025 on a going concern basis, without material uncertainty or an auditor qualification, and the extension or refinancing of Saga's existing corporate bond maturing in July 2026 and loan facility with Roger De Haan maturing in April 2026 |
Posted at 16/12/2024 07:02 by bigbigdave 16 December 2024Saga plc Saga and Ageas agree new Insurance partnership and sale of Saga's Underwriting business Further to the announcement on 11 October 2024, Saga plc (Saga) has entered into an agreement with wholly-owned subsidiaries in the UK of Ageas SA/NV (Ageas), to establish a 20-year partnership for motor and home insurance (the Affinity Partnership). In addition, Ageas will acquire Saga's Insurance Underwriting business, Acromas Insurance Company Limited (AICL) (the AICL Sale) (the Affinity Partnership and the AICL Sale being together, the Transaction). The Affinity Partnership will combine the strength of the Saga brand, Saga's marketing skills and customer base and Ageas's extensive and growing UK insurance operations. The Affinity Partnership will build on the existing successful relationship between the Saga group of companies (the Group) and Ageas (UK) Limited (Ageas UK), which is already a member of Saga's panel of insurers. The new partnership is designed to deliver best-in-class insurance services to Saga customers, driving growth in Saga's motor and home insurance business through differentiated products, first rate customer service and value for money. Saga, with its specialist role as a leading provider of products and services for people over 50, is committed to providing best-in-class products and services to its customers across all its businesses. Against this backdrop, the board of directors of Saga (the Board) has been exploring opportunities to optimise, with partners, Saga's strategic position in Insurance. The Transaction is consistent with Saga's ambition to drive growth, crystallise value, reduce debt and enhance long-term value for shareholders. |
Posted at 06/12/2024 07:30 by ttny2004 Aviva purchase of Direct Line financial terms agreed by both parties this morning - dual announcement by both companies.This represents a premium of 73.3% to the closing Direct Line share price on 27 November 2024.Just goes to show as previous stated how undervalued SAGA currently is. |
Posted at 02/12/2024 21:09 by ttny2004 Guess there is pressure to get the Ageas deal done.Aviva just made their 3rd improved bid for Direct Line. Courtesy of Alnwick on LSEQUOTEAviva bid a combination of Cash and Aviva shares that values Direct Line at 3.3 Billion pounds.Direct Line have 9.4 Million Policies of which 4.2 Million are Motor.SAGA have 1.5 Million Policies of which 700,000 are Motor.In very simple terms Direct Line is worth 6 times the SAGA Insurance business.Therefore based on the above SAGA Insurance is worth 550 Million pounds.That would wipe out 87% of SAGA's Debt !!!!I would think that Aegis will be monitoring this bid closely.UNQUOTE |
Posted at 02/12/2024 17:58 by omron Anyone know why the share price jumped towards the end of the day? Has the Ageas deal gone through? |
Posted at 12/10/2024 09:38 by ttny2004 A few moreCityamhttps://ne |
Posted at 11/10/2024 06:04 by bigbigdave 11 October 2024Saga plc Saga and Ageas in exclusive negotiations over Insurance partnership and sale of Saga's Underwriting business Saga Plc (Saga or the Group) is in exclusive negotiations with Ageas SA/NV (Ageas) to establish a 20-year partnership for motor and home insurance. Alongside this, Ageas would also acquire Saga's Insurance Underwriting business, Acromas Insurance Company Limited (AICL) (together, the Proposed Transaction). The proposed partnership would leverage the strength of the Saga brand, Saga's marketing skills and customer base and Ageas's extensive and growing UK insurance operations. The two companies' combined knowledge and expertise in serving people over 50 is significant and the proposed partnership is designed to drive growth in Saga's motor and home insurance business, whilst continuing to provide excellent customer service. The proposed partnership would build on the existing relationship between Saga and Ageas UK, which is a member of Saga's panel of insurers. Under the Proposed Transaction, Ageas (UK) Limited (Ageas UK), a subsidiary of Ageas, would enter a 20-year Affinity Partnership with Saga Services Limited (SSL), Saga's Insurance Broking business. Ageas UK would operate Saga's motor and home products which consisted of gross written premiums (GWP) in excess of £479m in the 12-month period ended 31 July 2024. SSL's existing partnerships with Collinson for travel insurance and Bupa for private medical insurance would be unaffected. |
Posted at 11/10/2024 06:01 by skinny Strategic rationaleSaga, with its specialist role as a leading provider of products and services for people over 50, is committed to providing best-in-class products and services to its customers across all its businesses. Against this backdrop, Saga's Board has been exploring opportunities to optimise, with a partner, Saga's strategic position in Insurance. The Proposed Transaction is consistent with Saga's aim to move to a capital-light business model to support growth, crystalise value, reduce debt and enhance long-term returns for shareholders. Proposed terms1 Affinity Partnership · The Affinity Partnership would be for a 20-year term, with the ambition to go live by the end of 2025. · Ageas UK would pay Saga an upfront consideration of £80m, payable at or around the go live date. · Additionally, Saga may receive contingent consideration of up to £30m in 2026 and up to £30m in 2032, subject to certain policy volume and profitability targets being met. · SSL would receive commission on the GWP generated over the term of the Affinity Partnership representing the value that SSL will continue to provide through the Partnership. Ageas's acquisition of AICL · Ageas UK would acquire AICL for a total consideration of £67.5m, subject to customary completion adjustments. · Completion of the AICL transaction is expected in Q2 2025 and is conditional on the signing of definitive transaction documentation and certain regulatory approvals. 1 The consideration quoted represents gross proceeds, before transaction costs and items related to the Proposed Transaction |
Posted at 03/10/2024 08:40 by omron I suspect de Haan would only block a bid if too low. But Ageas could buy 100% of insurance and then Saga would be a travel company and could do a sale and leaseback on ships. That could release huge amounts of cash. Can't understand why share price is not higher especially as they say trading is in line with expectations. I have bought 200k shares this week. |
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/n 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. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
