Saga Share Chat (SAGA)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Saga Plc	LSE:SAGA	London	Ordinary Share	GB00BLT1Y088	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-1.02p	-2.99%	33.14p	33.08p	33.18p	34.38p	33.00p	34.30p	1,980,502	10:16:11

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Life Insurance	841.5	-162.0	-14.5	-	372.00

Saga Share Discussion Threads

Showing 2526 to 2549 of 2550 messages

Chat Pages: 102 101 100 99 98 97 96 95 94 93 92 91 Older

Date	Subject	Author	Discuss
25/6/2019 09:42	Makes perfect sense Iancc..... I don't think it will drop into the teens PROVIDED that all the bad news is in the open. What I suspect we are seeing now are those punters from earlier times chucking in the towel. Co-incidentally, I am expecting to be able to buy my final tranche around the point when a new CEO is announced and guessing that will happen in the early autumn. Am sitting on quite a bit of cash at the moment as the summer months generate a lot of very chunky dividends but with the prospect of an escalation of tension in the middle east, I have been adding to my holding in Shell. (Have owned shares in Shell for over 40 years).	erogenous jones	Read Full Thread Reply
25/6/2019 09:13	If only somebody would ring the bell when to sell...text books are just text books reality is very different with all situations...and as for in hindsight we would all be billionaires.... Investor adage includes "run your profits" and "cut your losses". An investor at launch has had plenty of opportunity to cut their loss or at least minimise it if they had averaged down. Those same investors that have not sold are sitting on a paper loss and tend to give up once the share price has actually bottommed out.	diku	Read Full Thread Reply
25/6/2019 09:09	EJ I was just picking a price point of 18p At which point I'd stop the kids pocket money for a couple of weeks and snap this up !	iaincc	Read Full Thread Reply
25/6/2019 00:32	EJ That's very true, especially on the 90% loss comment. Is there any imminent danger to Saga - no. Is there longer term debt related issues - yes. And throw in the Brexit formula, investors hit the panic button. Profits can service the debt, a sensible achievable strategy will restore confidence and who knows what a shaken up board can achieve? At low 30s in my mind this is a real bargain. That's just my opinion and theres a whole spectrum out there to contend with. HBR	hairballradical	Read Full Thread Reply
24/6/2019 23:00	Iancc, the float price is immaterial and should be of no importance whatsoever for any investor now. The float was succesful in that the shares were subscribed with a mix of institutional and private investors. The valuation of the company under the management of the board during that time have been tempered with the cautions described in regulatory statements. We now see the CURRENT valuation and it is from this level that investors can asses the viability that SAGA plc holds in the future. Investor adage includes "run your profits" and "cut your losses". An investor at launch has had plenty of opportunity to cut their loss or at least minimise it if they had averaged down. Those same investors that have not sold are sitting on a paper loss and tend to give up once the share price has actually bottommed out. If you are one such investor, crystallising a 90% loss, then you can console yourself that the share price can still fall 100% (from here). A buyer and a seller both need to believe that they are making a brilliant decision. Only one will be correct. Time will be the judge.	erogenous jones	Read Full Thread Reply
24/6/2019 21:43	From IG: Saga share price: what’s the outlook as turnaround plans gets underway? The over 50s insurance and holiday brand is busy executing its turnaround strategy amid a difficult insurance and travel market, providing little support to its share price. SagaSource: Bloomberg Insurance Takeover Brand Valuation Retail Aaran Fronda \| Financial writer, London \| Monday 24 June 2019 15:36 Saga continues to rely heavily on its insurance business to prop up profits, while the troubling travel market continues to negatively impact its results. Insurance broking accounted for 59% of the company’s profits in 2018, but even that has taken a hit with Saga struggling to keep customers onboard as increased competition and ease of switching provider making it a challenging market to navigate. AGM statement sends share price south In the wake of its AGM statement, which saw Saga warn investors how political uncertainties were weighing on its tour operator business, its share price fell more than 14% to £32.28 on Wednesday last week. The company used the statement to also mention how ‘despite challenging trading conditions in both insurance and travel markets’ the over 50s insurance and tour operator has seen trading between February 1 to June 18 remain in line with expectations. ‘We are resolutely focused on the execution of our new strategy and have a clear set of priorities,’ Saga CEO Lance Batchelor said. ‘Against challenging headwinds in both travel and insurance, we see early signs of progress in stabilising our Retail Broking business and forward bookings for the Cruise business have been resilient,’ he added. Saga ‘vulnerable to takeover’ as share price sinks Saga’s turnaround plan will need to reap results sooner rather than later, with the company’s sliding share price leaving its ‘vulnerable to takeover’, according to AJ Bell Investment Director Russ Mould in an interview with ThisIsMoney. ‘The company is in a sticky mess and is now reliant on flawless execution to try and put the business back on track,’ he said. ‘The very depressed market valuation leaves Saga vulnerable to takeover interest from rivals.’ ‘Despite the recent setbacks its brand still has considerable value and it does have a large customer base which presents opportunities to make money should someone feel brave enough to buy the company while it is on its knees,’ he added.	koetser	Read Full Thread Reply
24/6/2019 21:34	Now just imagine if there was no CEO since the IPO...would it have made any difference to the share price?...	diku	Read Full Thread Reply
24/6/2019 21:28	No ,, but it’s a good move in the right direction ,,, I’m happy if they are going to be taking massive stakes in Saga , they must have serious hope	gripfit	Read Full Thread Reply
24/6/2019 21:27	No ,, but it’s a good move in the right direction ,,, I’m happy if they are going to be taking massive stakes in Saga , they must have serious hope	gripfit	Read Full Thread Reply
24/6/2019 21:08	For non-subscribers the full ALNC statement on the Morningstar website reads: "(Alliance News) - Saga PLC said Monday Pictet Asset Management Ltd built a 5.2% stake in the over-50s services firm following a transaction last Thursday. Pictet held 57.9 million shares in Saga following the transaction, equivalent to a 5.2% stake in the 1.12 billion shares outstanding in the firm. The holding of Pictet prior to the transaction - if any - was not disclosed. Shares in Saga closed 6.0% lower at 34.16 pence in London on Monday. By Ahren Lester; ahrenlester@alliancenews.com" According to various sources the Pictet Group is a Swiss multinational private bank and financial services company based in Geneva. It is one of the largest Swiss banks and primarily offers financial services to private clients and institutions. The group employs around 4,300 people, including 900 investment managers and has a network of 27 offices in financial centres including registered banks in Geneva, Luxembourg, Nassau, Hong Kong and Singapore. According to their web site they do not engage in investment banking, nor do they extend commercial loans. They had 528Bln Swiss Francs (about £426Bn) of assets under management last year. Anyone know any more about them?	zulu_principle	Read Full Thread Reply
24/6/2019 19:11	EJ You missed it going private at 1/10th of the float price	iaincc	Read Full Thread Reply
24/6/2019 16:30	NAV_Mike.... my suspicion is that there is a worked deal in the background. My thoughts remain that there will be a period of consolidation at these levels over a month or two but it presents quite a decent entry point for investors. There are a number of scenaria which could happen - first, that the company is vulnerable to a takeover, and with Mr Batchelor at the helm, I doubt that either he or the board have the business acumen to cope should one present, second that the CEO replacement meets with institutional investor approval - and this will give stability to the share price and hopefully draw a line of support, third that any replacement brings all the bad news out into the open in their first month after appointment and the shares again plummet or that there is no such warning and announcement given to set out plan for recovery. I am still willing to commit more cash, but would prefer that an announcement is made for a successor first.	erogenous jones	Read Full Thread Reply
24/6/2019 16:05	Another afternoon sell off....wonder if its US related from people still peeved about the Carnival numbers? Standard Life continue to sell out, albeit rather slowly and we have a new significant holder appearing with 5% plus	nav_mike	Read Full Thread Reply
24/6/2019 12:57	Bargainbob, Disagree. The market also likes uncertainty. You and others might like certainty but there isnt a lot of profit in that.	hairballradical	Read Full Thread Reply
24/6/2019 12:40	the market likes certainty . Not a saga	bargainbob	Read Full Thread Reply
24/6/2019 10:56	The chart drift downwards continues The Market does not like SAGA	buywell3	Read Full Thread Reply
24/6/2019 09:24	With the Mail on Sunday came a broucher for Spirit Of Discovery. Very impressed. Chauffeur service to the port to five star accommodation.	countless	Read Full Thread Reply
23/6/2019 13:38	Cheers! ;-)	edmondj	Read Full Thread Reply
23/6/2019 13:15	EdmondJ. Much of what I was going to post ended up on the previous post. e.g no way are modern cruise ships bog standard. And the 2 new Saga ships are medium size and will look tiny if moored alongside a giant cruise ship. I agree that Saga’s own advertising film makes them look bigger than they are. One way you could think about finding out more would be to offer your services as a guest speaker. You are well qualified to do it. Guest speakers range from famous (e.g Television personalities, Concorde pilots, famous authors and politicians to very ordinary unknowns. Many famous guest speakers do repeat trips because they enjoy cruising so much. e.g on our last cruise on Cunard a brilliant guest speaker was David Morgan Hewitt, the Managing Director of the Royal’s favourite Goring Hotel. He loves his food and loves Cunard food too, which gives you an indication of it’s quality! He is larger than life and apparently a friend of the Queen, who when introduced to his equally ginormous brother, the Queen said to him “Are you all that shape?” See photo of him with the Queen here:- https://www.thesun.co.uk/news/2347034/hotel-manager-escorts-queen-away-dinner-intruder-bursts/‘ And this link for 100 page brochure showing off Saga’s first new ship.https://tinyurl.com/y3zj6b7p Turn the pages and see for yourselves how luxurious it all looks!	kenmitch	Read Full Thread Reply
23/6/2019 12:53	Before replying to EdmondJ in a separate post, and reading the comments here, it’s perhaps worth posting a bit of basic info aboout the cruise industry. And before that, again, turning round Saga’s insurance business and their non cruise travel business is essential if my confidence about Saga being a great recovery share is gong to be proved right. Their now very promising cruise business is the icing on the cake. Fact is Saga was floated at far too high a price,and has since been appallingly managed too. It’s quite an “achievement” to lose the trust of previously so loyal customers and members first by persuading them (e.g in Saga Magazine)that the shares were worth buying and they were anything but, and then doubling up by ripping off their trusting insurance customers with way over the top annual price increases. OK That was an industry wide disgraceful business model but Saga shouldn’t have joined in! BUT that was in the past and stock markets look forward and imo a lot of bad news is now priced in to the Saga share price, and even modest improvement isn’t. Anyway to cruises. First, and before anyone thinks who is this self acclaimed cruise expert. I’m not beyond experience of cruising with 3 Cruise Companies - Cunard, Fred Olsen and Saga. AND reading and owning the cruiser’s “bible” the brilliant Berlitz Guide to Cuising and Cruise Ships written by Douglas Ward (who has apparently done the Atlantic crossing to New York alone over 160 times!) That book gives incredible detail on every cruise ship on the market, right down to which cabins to avoid and why, and gives marks out of 500 for every ship. And the detail on cruising itself is extraordinary. It’s £20 BUT the 2018 edition is currently on sale at Bookworld (forgotten correct name!) at £5 IF they haven’t all been snapped up by regular cruisers. 1. SHIPS. Boutique. 50-250 passengers Small 251 - 750 Medium size 751 - 2500. So at 999 passengers the two new Saga ships are NOT as Saga describe them “Boutique̶1; but bottom end of the medium. Large Resort Ships (and you’re welcome to them) 2501 - 6500. Ships last for up to 50 years. e.g Cunard Flagship QE from 1967 - 2004. Queen Mary 2004 is now their flagship. 2. FARES. These vary enormously from cheapest “Cruise Maritime” to luxury lines like Seabourn. Saga fares for their 2 new ships are in the middle. More expensive than similar quality Cunard ((Queen Mary and Elizabeth and Victoria) but far cheaper than Seabourn. Re discounting. Brochure fares are like RRP or list price for a car. Very few will pay the list price so current 30% off the brochure price is nothing to be too concerned about imo. Saga know what prices they hope to get and will budget accordingly, but it will not be the brochure price. 14 day cruise to Canary Islands this November on new ship. SAGA balcony price currently starts from £2999. CUNARD balcony price starts at just £1100. But Saga include tips and all drinks and often travel to the port as well. One incredibly cheap current offer is World Cruise on Cruise Maritime’s Marco Polo from £8800. That for a 110 day cruise with all food and entertainment included. BUT that ship is 53 years old! I think Saga’s 2 new ships are sensational, but will include why in the next post. They could AND MUST attract a lot of new customers not currently sailing with SAGA. 3. CRUISERS. We holiday independently most of the time, but go on a cruise at least once a year, as it’s so relaxing and with everything done for you. Service standards are very good. BUT we’re amazed at how few fellow cruisers have the confidence to do anything for themselves. So they even pay £50 or more to go on a guided walking tour even of a tiny village like Flam in Norway, instead of checking out beforehand places of interest and then checking out at the local tourist office on the day. So cruise companies cash in on this with extortionate fares for coach trips. And it’s strange how so many want to pay heavily to visit a castle or whatever but have no interest in visiting places of far greater interest in the town itself and perhaps buying a coffee or glass of wine there and watch the world go by. Finally...just in case anyone reading this is also used to travelling independently. NEVER be late back to the ship. It will NOT wait for you as Alan Johnson (Labour politician) learned the hard way on a Cunard ship where he was a guest speaker. They left him behind!	kenmitch	Read Full Thread Reply
23/6/2019 11:14	diku ,, I agree , somebody will want this to tag onto their existing business,,, watch this space.......	gripfit	Read Full Thread Reply
23/6/2019 10:55	Still think this will get taken out within 12 - 18 months...better served under a bigger umbrella...get rid of access head quarters/admin costs...and the insiders wage bill...	diku	Read Full Thread Reply
23/6/2019 10:04	Thanks for the explanation, appreciated	ignoble	Read Full Thread Reply
23/6/2019 09:57	They won’t be worthless, they will or at least should have a significant residual value which will be factored in to the asset leasing cost - if that is how they’ve financed them - or into the residual value calc if they’ve funded them with equity and debt. Not sure what recourse the finder will have to the Group but I’m sure it’ll be some. But overarching point is after 25 years there should be value although there are soo many cruise ships now it might be smaller than currently	andycapp1	Read Full Thread Reply

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