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
  0.94 1.93% 49.74 49.48 49.68 50.65 48.84 49.28 2,298,239 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 841.5 -162.0 -14.5 - 558

Saga Share Discussion Threads

Showing 2501 to 2524 of 3525 messages
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DateSubjectAuthorDiscuss
24/6/2019
15:05
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
24/6/2019
11:57
Bargainbob, Disagree. The market also likes uncertainty. You and others might like certainty but there isnt a lot of profit in that.
hairballradical
24/6/2019
11:40
the market likes certainty . Not a saga
bargainbob
24/6/2019
09:56
The chart drift downwards continues The Market does not like SAGA
buywell3
24/6/2019
08:24
With the Mail on Sunday came a broucher for Spirit Of Discovery. Very impressed. Chauffeur service to the port to five star accommodation.
countless
23/6/2019
12:38
Cheers! ;-)
edmondj
23/6/2019
12:15
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
23/6/2019
11:53
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
23/6/2019
10:14
diku ,, I agree , somebody will want this to tag onto their existing business,,, watch this space.......
gripfit
23/6/2019
09:55
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
23/6/2019
09:04
Thanks for the explanation, appreciated
ignoble
23/6/2019
08:57
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
23/6/2019
08:57
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
23/6/2019
08:47
Was reading back a few days and saw that sort of figure mentioned I don't have a position in the stock but one I am watching Still can't make my mind up.. Hey Ho, the joy of stocks
ignoble
23/6/2019
08:27
Must have missed something. Where does £900 million come from?
sharebuddy1
23/6/2019
08:15
Reading back at bit... Borrowed £900 million to buy a couple of ships that will be presumably worthless in 25 years or so. Not just Saga, of course, that go down this route and am guessing that is the only way to make Cruising possible and profitable (hopefully) No different to borrowing money to buy a car knowing that in 10 years time it will be worthless Needs must
ignoble
23/6/2019
07:50
I would have thought they could charge premium prices for a new ship!!! A discount of 30% sounds like destroying margins especially if already 86% booked for next year for a ship that has not even started sailing yet!!!
koetser
22/6/2019
22:56
Kenmitch Bear in mind though that the advertised prices for the new Saga ship include a first year discount of around 30-35%. The gap to more expensive luxury lines will probably narrow significantly from the second year on.The ship looks great though - and it looks like a liner rather than the block of flats most lines are churning out. We usually go on the smaller P&O ships and are likely to stick with them whilst they have outside cabins, as they offer great value and a balcony is not something we crave. However when P&O no longer have smaller ships (which is the way it’s going) then I’m sure we’ll be looking at Saga if their new ships are as good as they look.
cousin jack
22/6/2019
20:07
kenmitch, Look forward to it! ;-)
edmondj
22/6/2019
15:30
Advertised in the Mail 254 day cruise on the Viking Prince Top Room. £195000 per person Amazing,,, Lottery win money
ignoble
22/6/2019
12:17
EdmondJ Yes. I know you are usually very clued up and have read your various columns since your Telegraph Private Investor days, but on cruises you seem off beam! e.g your description of their new ships is plain wrong in that their new ships are not GIANT but classed as small. e.g Just 1000 passengers, whereas the giant floating hotels have as many as 6000! I’ll do a fuller reply within a day or so. Meantime I agree re Lance Batchelor!
kenmitch
22/6/2019
08:17
Brochure free in the Daily Mail detailing all the New Cruises to come. Looks very good and if I have read it correctly, all Cruises are "no fly" I would think that will appeal to a lot of people. Board at Southampton and return there. Brochure is impressive, imho
ignoble
22/6/2019
07:10
I'm looking for Mr Goodmans?...
diku
22/6/2019
05:52
kenmitch, Are you confident, choosy affluent pensioners will flock to Saga's new cruise-ships: a prestige or 'floating council estate' experience? https://www.youtube.com/watch?v=lc7G0-UjzgM A curious aspect of the bull case advocated here (nothing personal implied) is agreement, Lance Batchelor is a hopeless CEO and almost any replacement will be a positive, yet the debt-driven gamble of these giant ships is effectively his project hence buyers of the stock long-term are taking a view on his competency also.
edmondj
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