Saga Share Discussion Threads

[spights] 28/1/2023 16:47

Skinny what’s your view on the chart?

[skinny] 28/1/2023 10:25

free stock charts from uk.advfn.com

[koetser] 25/1/2023 18:05

ATH > £30

[greenhorn54] 25/1/2023 16:15

Spot on. Me, Sir!

[3put] 25/1/2023 14:38

I wonder if we can get back to a new ATH here ?

[w1ndjammer] 25/1/2023 10:48

Hi ham I only have eight stocks in my portfolio this year, and you

Have them all there bar one.

I somehow managed to stumble into a oil stock called ECO its a pure gamble

But might be worth a couple of quid…

WJ.

[hamhamham1] 25/1/2023 08:49

These in the dirty 30-ish...

ASC, BOO, COST, DOCS, EZJ, EVR, FSJ, FCH, IGR, IPF, ITV, JUP, WG., KIE, LUCE, MKS, MTRO, OTB, RCH, REVB, RR., SFOR, SAGA, SDRY, STAF, SYNT, THG, TRI, TRST, TUI

[hamhamham1] 25/1/2023 06:13

We are still early stage recovery in global markets, IMO.

[hamhamham1] 24/1/2023 15:27

Am holding my portfolio for 3 yrs min.

[tell sid] 24/1/2023 15:10

Bodes well for Saga cruises:24 January 2023 [Southampton, UK] Cunard has reported that in the first week of January it has booked more guests than any equivalent period in the last decade.The luxury brand has seen strong booking momentum across 2023 and 2024 sailings, with summer itineraries and Queen Anne's maiden season proving to be particularly popular with guests.Carnival UK president, Sture Myrmell said, "Following two of our strongest booking periods in 2022, we have seen unparalleled bookings during the start of Wave."

[griffinred] 24/1/2023 14:29

I've got little choice but to hold on :-) Hopefully they'll restart dividends at some point

[hamhamham1] 24/1/2023 12:31

Nice bump up over last 60 mins...

[rmc100] 24/1/2023 12:17

4 pound minimum target in the 2 years

[hamhamham1] 24/1/2023 11:07

Yup, roll on 4 quid in a couple of years.

[w1ndjammer] 24/1/2023 08:40

All coming together as anticipated, one to keep hold of
Let’s see where the next 2 years take us….

WJ.

[american idiot] 24/1/2023 08:17

A few promising green shoots of recovery showing here today.

The markets are forward thinking. I think the recovery in the share price will continue.

200p first stop !

[slimchops] 24/1/2023 07:43

-- Available Cash is expected to be around GBP140m at 31 January 2023 and net debt, at the same date, is anticipated to be slightly higher than at 31 July 2022.

Net debt slightly higher, and terms to manage being changed. There is light at the end of the tunnel but requires a few good trading years and disposal of insurance business to get fully under control.

[0rient] 24/1/2023 07:38

Great seeing the growth come back, reassuring update. A few small tweaks as we keep growing to generate more profit and this should do real well

[hamhamham1] 24/1/2023 07:32

Nice update IMO.

[skinny] 24/1/2023 07:06

Saga plc (Saga or the Group), the UK's specialist in products and services for people over 50, provides the following update on trading covering the period from 1 August 2022 to 23 January 2023.

Highlights

-- We remain on track to report an Underlying Profit Before Tax of between GBP20m and GBP30m, in line with previous guidance.

-- Revenue for the Group is expected to be between 40% and 50% ahead of the prior year, driven by continued Cruise and Travel recovery following the pandemic.

-- Our Ocean Cruise business achieved strong load factors and per diems in the second half of the year with an encouraging pipeline of bookings:

o Load factor for the second half of 2022/23 is expected to be 84%, delivering a full year load factor of around 75% which is in line with guidance and compares with 68% in the prior year.

o Per diem for the full year is anticipated to be GBP318, also in line with guidance and compares with GBP299 for the year ended 31 January 2022.

o These metrics, when combined, result in expected year-on-year revenue growth for 2022/23 in excess of 100%.

o Our booking position for 2023/24 is strong, with a load factor and per diem of 60% and GBP337 respectively at 22 January 2023.

-- Following its successful relaunch earlier this year, our Travel business delivered significant growth in revenue with strong bookings for next year:

o In 2022/23, revenue will have increased tenfold when compared with 2021/22 however, after allowing for marketing and administrative expenses, the business will report a small underlying loss before tax for the year, in line with guidance.

o Our 'Tailor-Made by Saga' proposition has been expanded to include 15 new worldwide destinations, self-drive and motorhome holidays, ahead of the full launch in February 2023 .

o Touring bookings for the 2023/24 year are strong, with increased demand for long-haul destinations. Incoming call volumes over the first three weeks of January are also ahead of pre-pandemic levels.

o At 22 January 2023, booked revenue for 2023/24 was GBP110m which is 13% ahead of the same point last year.

-- Insurance Broking is expected to be broadly in line with guidance:
o Total policies in force, at 31 January 2023, are expected to be 3% behind the prior year, with policy sales also 3% behind.

o Customer retention continued to improve across motor and home in the second half, now at 84% and 1ppt ahead of the prior year.

o Our motor and home margin per policy is expected to be around GBP71.

o Travel insurance is expected to deliver more than 200% growth in revenue vs. the prior year, with policy sales increasing by more than 95%.

-- Insurance Underwriting, in line with the wider market, continued to experience high levels of claims inflation which we estimate to have averaged 13% for the year as a whole:

o The underlying current year combined operating ratio for the full year, excluding quota-share reinsurance, is expected to be around 125%. This is higher than previously forecast, mainly due to a modest increase in claims frequency and an above-average level of current year large losses.

o This is largely offset within our result by quota share reinsurance recoveries and favourable development on prior year large losses, albeit, in line with previous guidance, prior year reserve releases in the second half are expected to be materially lower than the first.

o We continue to focus on reducing the current year combined operating ratio as prudent double-digit increases to pricing begin to flow through to earned premium.

-- Saga Money delivered top line growth and increasing customer numbers when compared with the prior year, supported by incremental TV and media advertising.

-- This morning, our Media business launches Saga Exceptional, a brand-new website containing best-in-class consumer advice and inspirational stories that celebrate the 'Experience Generation'. Further details, including how Media will act as a pipeline for customers into the Group and also become profit-generative in its own right, will be presented at this afternoon's Capital Markets Event.

-- Available Cash is expected to be around GBP140m at 31 January 2023 and net debt, at the same date, is anticipated to be slightly higher than at 31 July 2022.

-- We have concluded discussions with our lending banks to amend the covenants in relation to our revolving credit facility (RCF), providing us with greater flexibility in relation to liquidity used for short-term working capital purposes.

Euan Sutherland, Saga Group Chief Executive Officer, commented:

"Saga continued to demonstrate progress in the second half of the year, delivering a trading performance which is broadly in line with expectations. Our Ocean Cruise business saw strong customer demand and an encouraging pipeline of forward bookings while, in Travel, we launched our new digital offer and continued to expand our range of products. We continued to navigate a challenging period for the UK motor insurance market and, although there has been some pressure on our Underwriting business, our Retail Broking result will be in line with expectations.

"Overall, we are well-placed to continue our growth as we make progress against our three-step plan which is focused on maximising our existing businesses, step-changing our ability to scale while reducing debt and positioning Saga as 'The Superbrand' for older people in the UK."

Capital Markets Event

As detailed in our separate announcement this morning, management will be holding a Capital Markets Event for institutional investors and analysts at 3.00pm today in London. If you would like to attend, please email [e-mail] . There will also be a live webcast, with registration available at www.investis-live.com/saga-group/63b6c964d426f40c0004b5ff/scme . A recording, alongside the presentation slides, will be available shortly after the event at www. corporate.saga.co.uk/investors/results-reports-presentations/ .

[koetser] 23/1/2023 08:06

£721M before £80 to £90M sale

[albanyvillas] 23/1/2023 08:05

How much debt is there

[koetser] 23/1/2023 07:51

Almost sold:

hxxps://www.thetimes.co.uk/article/saga-sells-underwriter-acromas-insurance-to-reduce-debts-32k3b83s2

[hamhamham1] 23/1/2023 07:42

Christmas worker. You are trying too hard ;)

Your next headline maybe...
"SAGA Ate My Hampster!"