Saga Share Discussion Threads

[aishah] 17/3/2023 21:12

Buying opp here having sold a bit around 180p. Cruises doing very well I think

[scottish007] 17/3/2023 16:55

It’s not saga, it’s the bank issues impacting the market

[hatfullofsky] 17/3/2023 14:45

Debts are secure, what's going on here ? Has there been a trigger for this decline ?

[tomtum1] 17/3/2023 13:49

What an absolute dog. Debts are very high

[kulvinder] 17/3/2023 12:05

I thought about selling out when the sale fell through, in hind sight it was a dreadful mistake not to sell out when it hit 175 after that RNS after having hit 190 recently...

[battyliveson] 17/3/2023 10:34

Looking weak recently. I sold out after failure to sell underwriting arm. I expect market doesn't like debt levels given management said it will increase a little in last update, and no insurance asset sale to mitigate debt levels. At least they don't have a bank and cruise sales seem good!!

Better risk reward if it dips below 100.

B

[scottish007] 09/3/2023 23:44

Decent start to cruise in ‘24


(Doubles avail)(Singles avail)(% sold)

Jan
4th, Dis, 14 nights
(366x2)(91x1) = 17.62%
5th, Adv, 15 nights
(354x2)(85x1) = 20.62%
18th, Dis, 30 nights
(185x2)(0x1) = 62.97%
20th, Adv, 14 nights
(342x2)(72x1) = 24.32%

As @ 9th March
Jan ‘24 = 31.38% sold.

Feb
3rd, Adv, 30 nights
(228x2)(36x1) = 50.75%
17th, Dis, 14 nights
(342x2)(71x1) = 24.42%

As @ 9th March
Feb ‘24 = 37.59% sold.

Mar
2nd, Dis, 15 nights
(278x2)(63x1) = 38.04%
4th, Adv, 15 nights
(353x2)(72x1) = 22.12%
17th, Dis, 22 nights
(282x2)(27x1) = 40.84%
19th, Adv, 15 nights
(317x2)(80x1) = 28.53%

As @ 9th March
Mar ‘24 = 32.38% sold.

Jan - Mar = 33.78% sold.
A third sold already, a year in advance - impressive.

[albanyvillas] 09/3/2023 22:50

looks nasty

[kulvinder] 09/3/2023 19:16

Appears to be a bag of sh*t at the moment.

[kulvinder] 02/3/2023 16:40

Now we know why, sale fallen through.

[kulvinder] 01/3/2023 07:32

All gone quite on this sale then?

[glavey] 15/2/2023 10:15

So long, and thanks for all the spam.

[koetser] 12/2/2023 11:08

Well it is being sold cheaply as a few years ago they would have got £300 to £400 million. When all the investors and house broker were screaming at them to sell it

[kulvinder] 10/2/2023 16:42

Thanks for your comments boll.

[boll] 10/2/2023 14:06

No its not necessarily being sold cheaply. Motor and home insurance is currently narginally pofitabke at best. Its done a lot better in 2020 and 2921 as Covid reduced claims on the motor side as fewer journeys were made. Now its reverting back to normal. the impact of the sale will reduce any solvency top uos. Take a look at Direct Line group and you can see the lack of profitability in underwriting

[kulvinder] 10/2/2023 10:53

If it makes that much, surely it being sold of too cheap?

[glavey] 10/2/2023 08:22

Yes, it seems so.

[arieljcohen] 09/2/2023 21:23

p41 in their 2022 accounts The underwriting division made £54.1m PBT and they're now selling this division for £85m? Surely I must be missing something????

hxxps://www.corporate.saga.co.uk/media/1558/saga-plc-2022-annual-report-accounts-bookmarked.pdf

[kulvinder] 09/2/2023 21:14

So will we see a jump in the morning mighunter based on this news.

[mighunter] 09/2/2023 20:52

hTTps://news.sky.com/story/australians-open-to-takeover-of-saga-underwriting-arm-12807085

[spights] 29/1/2023 11:30

Skinny Thankyou
Have a lovely day

[skinny] 29/1/2023 11:03

spights - to me, it looks pretty positive - caveat being so do plenty of charts currently.

[kulvinder] 29/1/2023 09:43

So we only worth 12.2p in old money now then? (183/15)= 12.2, thus 600 is only 40p in old money prior consolidation last year.Come on 600, sorry to anyone who had bought stock at much higher prices than the old 40p mark.

[scottish007] 28/1/2023 17:03

Irrelevant chart. 15 to 1, covid etc