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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Saga Plc | SAGA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.80 | 0.44% | 183.20 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 181.20 | 181.20 | 184.60 | 183.20 | 182.40 |
| Industry Sector |
|---|
| LIFE INSURANCE |
| Top Posts |
|---|
Posted at 08/7/2025 12:15 by scottish007 when the SAGA share price was 190.40p. Spent years topping up on the way down here and finally approaching my £1.99 average.Glad l’ve hung around, brighter days ahead for Saga. |
Posted at 06/7/2025 22:26 by ppywgda1 when the SAGA share price was 187.80p. Hi koetser, any particular reason it needs reading? I don't think it would be possible for me to be more bullish about Saga, is there anything specific you noted? Also, it looks like I would need to declare myself as a professional investor to sign up to research tree? |
Posted at 04/7/2025 10:24 by koetser when the SAGA share price was 184.60p. I have read the entire singer capital markets report into Saga which values it at 280p.It has already become outdated with the fact that AICL generated an extra 17M. It is also a very prudent report in terms of predicting growth in cruise and travel… This will in turn mean that a few days after the interim results Deutsche the house broker will have to raise their price target too. Add to that the fact Eldose is buying up stock and probably going to continue to do so. These factors should almost certainly mean that the share price will increase… |
Posted at 03/7/2025 11:27 by fjgooner when the SAGA share price was 186.60p. This was the initiation note, published a few days earlier.------- Tide is Turning: Saga’s Journey from Legacy to Growth We initiate coverage of Saga with a Buy and a 12-month target price of 285p, implying ~80% upside. Under CEO Mike Hazell, the group has undergone a strategic reset, with >80% of profit now driven by the faster-growing Travel division - led by high-margin Ocean and River Cruises and a recovering Holidays business. The Insurance segment is being streamlined and de-risked, removing historical earnings volatility. On a LFL basis (excluding discontinued) we project PBT to grow from £37m to £100m by FY30, and FCF improvement to materially reduce leverage. Overall, we believe Saga is an overlooked contrarian opportunity in the small-cap space, offering top-down and bottom-up growth appeal with significant re-rating potential. |
Posted at 03/7/2025 11:21 by fjgooner when the SAGA share price was 186.60p. Note from Singer Capital, published on Research Tree.Repositioned for growth: AGM update confirms strong H1 Saga’s AGM update reinforces management’s growing confidence in delivering its five-year strategic transformation plan and grow PBT to >£100m. The update underscores a dual focus: executing long-term structural change while maintaining strong trading momentum across all divisions a combination that supports both immediate performance and future value creation. This is clearly evident in Travel, which is trading ahead of our revenue growth assumptions, supported by robust demand and effective execution. Insurance transformation milestones remain firmly on track, and the new NatWest partnership in Money adds further momentum to the group’s broader partnership strategy. Net debt is trending lower, and this should be well received. We make no change to forecasts at this stage but see upside risk. The shares are up 15% since we recently initiated but remain great value on 9x YR1 P/E, falling to 6x. We reiterate our high conviction Buy and 285p SOTP based PT. We encourage investors seeking a deep value contrarian/turnaroun |
Posted at 03/7/2025 06:08 by bigbigdave when the SAGA share price was 189.60p. Investment research firms like Research Tree have initiated coverage of Saga with a "Buy" rating and a 285p target. |
Posted at 26/6/2025 11:54 by koetser I think they see it as the only way to compete in insurance market where saga gets commission on policy sales as it is responsible for sales and marketing.Saga insurance business can not compete as it is too small |
Posted at 15/4/2025 08:03 by aishah Saga tuned in to growth, says Deutsche BankSaga (SAGA) has turned its attention to growth and Deutsche Bank is impressed by its medium-term ambitions. Analyst Nick Johnson retained his ‘buy’ recommendation and target price of 185p on the over-50s specialist insurer, which was trading down 3.4% at 131p on Friday morning. A tough period has seen the share price fall 43% over five years. Full-year results to the end of January beat consensus even after guidance was set in January. Underlying profit before tax of £47.8m beat consensus by 20%, growing 25% year-on-year, and was ‘supported by growth in the travel business due to strong demand’. Debt was lower than expected and the group also had a good start to the 2025/26 financial year. ‘More importantly, the combination of strategic moves – selling the underwriting business, securing a partnership on home and motor, and refinancing actions – means the group has been able to turn the focus to growth, with new medium-term ambitions to grow underlying profit to at least £100m in five years, and reduce leverage to two times in the same period,’ Johnson said. |
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 11/10/2024 07:04 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. |
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