Saga Share Discussion Threads

[diku] 21/10/2022 08:50

Saudis could buy 2 Cruise Ships with loose change...awash with oil money...

[diku] 21/10/2022 08:47

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...

[earwacks] 20/10/2022 00:53

That is exactly their problem. They put a perfectly reasonable recovery plan in place but it’s is subject to time constraints. The first one being the bond that matures in 2024. The plan was going well which is why the share price hit £4.50. That was overbought. It’s now over sold but I think there are far less risky recovery plays without the debt to manage. The uncertainty of cir stances is not merely a card, it’s a liability.

[diku] 19/10/2022 18:50

How long can one keep playing to circumstances beyond its control card?...

[earwacks] 19/10/2022 15:48

Definitely the risk factor playing a big drag at the moment. No room for error or unforseens. My doubts have always been about lack of notifiable institutional investors. Plenty of small stakes, but if this was a bargain I would expect a bit more enthusiasm. PS at stockopedia still insists the numbers are good but that’s if everything goes to plan which it hasn’t quite managed due to circumstances beyond its control.

[diku] 19/10/2022 15:24

This should be going up in sympathy with other travel/leisure shares...instead it is no mans land sector...BOD lost the plot?...

[diku] 19/10/2022 14:59

Sell the company or split the company...Holiday/Cruise and Insurance...the era of 70's, 80's 90's not working...

[tomtum1] 19/10/2022 10:02

Heading for 50p

[mikesmythe] 19/10/2022 08:59

Deally quote 15 days ago ... *this was 120p last week even after results. could hit that level this week* share price now 76p Clueless, absolutely clueless PWAHAHA

[yorked] 17/10/2022 15:02

Is SAGA heading back to 100p?

[earwacks] 14/10/2022 14:51

Remember according to Rees smog Kerching’s sacking has nothing to do with the sudden rise in the market it’s just a coincidental dead cat bounce

[joshuam] 13/10/2022 09:45

Some big buys going in

[dealy] 13/10/2022 09:34

Why do UK pension fund managers have no antique furniture or pianos?answer:They chopped them all up for firewood. That is what has happened to small cap stocks in recent weeks

[mikesmythe] 13/10/2022 08:46

Deally quote 9 days ago ... *this was 120p last week even after results. could hit that level this week* share price now 77p Clueless, absolutely clueless PWAHAHA

[ham74] 12/10/2022 18:40

Saga followed Carnival on the way down, but seems to have missed the recovery. Carnival has bounced about 20% from its lows but Saga is still close to its year lows.

[dealy] 12/10/2022 15:27

that was before the pension funds decided to chop up pianos for firewood

[mikesmythe] 12/10/2022 13:30

Deally quote 8 days ago ... *this was 120p last week even after results. could hit that level this week*share price now 78.25p Clueless, absolutely clueless PWAHAHA

[muzmanoz] 12/10/2022 10:03

Being an analyst seems easy money. Write a piece dropping your target price to a price that it's already hit.

[diku] 12/10/2022 09:53

Not sure if this has been posted before...



Debt casts a shadow over Saga, says Peel Hunt
Over-50s product provider Saga (SAGA) has seen its insurance arm come under pressure, which does not bode well for its looming debt repayment in 2024, says Peel Hunt.

Analyst Andreas van Embden retained his ‘hold’ recommendation and slashed the target price from 170p to 78p on the stock, which fell 2.6% to close at 78.2p on Tuesday.

‘Since the start of the year, Saga has materially lowered its outlook for the cash generation of the insurance business as both insurance broker margins and now insurance underwriting come under pressure,’ he said.

‘Travel is expected to offset part of the decline as passenger numbers return, but not sufficiently to support the looming debt repayment in 2024.

‘There is time and [are] options to further boost cash while getting the strategy back on track.’

In the meantime, Van Embden has cut earnings-per-share forecasts by 29% and lowered his target price.

[tomtum1] 12/10/2022 09:03

Wow the trend continues.

[cleverinvester] 11/10/2022 12:34

They have to reinvent themselves. Can't see anything else here only a RI.

[mikesmythe] 11/10/2022 12:19

Deally quote 7 days ago ... *this was 120p last week even after results. could hit that level this week*share price now 79.25p Clueless, absolutely clueless PWAHAHA