Saga Share Discussion Threads

[bc4] 26/7/2023 15:10

Yes started yesterday keep an eye

[koetser] 26/7/2023 12:08

Interesting price movement

[sidam] 26/7/2023 09:24

Actually both. Sell side and buy side portfolio manager/analyst.

[glavey] 26/7/2023 00:09

Sell side, sidam?

[bc4] 25/7/2023 16:19

Sudden jump just before 4pm!

[koetser] 23/7/2023 20:22

You have to remember that last year they got hit by cancelling their Carabean cruise and spent £30 million on marketing cruises etc. also checking the cruises looks like they will hit 90+% occupancy much more than the 80% required to get £40 million EBITDA per ship. Insurance is however the drag but premiums rocketing so hopefully the drag is not too high

[sidam] 21/7/2023 12:07

Glavey
Just got new specs thank you. Also I can read and comprehend and FYI, before I retired, I was a “rated” small cap analyst. I can still be wrong of course but the numbers suggest that the cruise ships throw out decent EBITDA.

[glavey] 21/7/2023 09:11

[21559]
Just wondering if you have a branch of Specsavers close by, sidam?

[diku] 20/7/2023 18:54

This is trading at 8p in old money if I remember correctly...Sir Roger roger bought at much higher price...somebody just buy the company and split it up...

[jumpenjim] 20/7/2023 08:32

Looks like we have got a bounce of the 115p mark Fingers x

[sidam] 17/7/2023 17:13

If you really think the EBITDA targets for the cruise ships and the cash flow driving down debt is a minor contribution to the business. I suggest you check the numbers and think again.

[glavey] 17/7/2023 09:09

That ignores the fact that the "shiny new cruise ships" represent only a minor contribution to the business. Saga is not a cruise line. It never was.

[sambuca] 15/7/2023 17:04

Saga

Interactive Investor

This over-50s insurer and holiday operator has had a tough few years. Covid forced it to halt the dividend and investors’ concern over the cost of living has also hurt the stock. On a forward price/earnings (p/e) ratio of 5.8, the shares are cheap, although that is partly explained by high debts taken on to pay for shiny new cruise ships. Yet those investments could prove wise. Saga has a strong reputation for customer service and its passengers will be insulated from much of the financial pain (they have typically paid off their mortgages already). 120p

Sam

[tomtum1] 11/7/2023 15:01

Royal Caribbean, MSC etc much better

[jsforum] 29/6/2023 19:56

Just returned from a Saga cruise. Excellent in many respects but lots of revenue earning opportunities squandered. No casino, optional excursions sold out despite a number of fellow passengers wanting places. We arranged locally from the same service provider at 30% cheaper rate. On board shopping poor.

[finkie] 26/6/2023 15:30

Nice tick up today 116-124 almost a trade margin I have been doing in a week or two in the space of 2 hours (no i didn’t do it either this time) 😒

[kulvinder] 25/6/2023 10:43

I think people/investors are not recognising that Saga caters for the over 50's they are the ones who are better off than the young ones of today being affected by interest rates on mortgages and food etc, the old guns have got their pensions and houses already paid for with cash in the bank that they can nearly earn 6% on a fixed rate taking into account the latest interest rise by the BOE....this will come good over time as the cruise part of the business starts to bring in cash, as the insurance arm though not doing great is quite stable by bringing £58 per policy, thus keeping itticking over. Hang in there. GLALTH.

[scottish007] 22/6/2023 23:54

Bloody inflation and interest rates.
This should be heading skywards

[finkie] 22/6/2023 21:37

Wider market woes will be difficult to overcome, I think we see 114p again before a re trace upwards, I will wait for 114p

[kulvinder] 21/6/2023 16:44

Hope you right and gets to my £4 target, which is still only 26.6p in old money.....

[outsizeclothes.com] 21/6/2023 16:41

The Cruise ships will make the forecast profit.
Fuel oil, their biggest expense, is probably being forward bought at 30% less than last year, and this alone will drive extra ship profits.
Add in that the Silver Surfers are at last getting some interest income from their savings, and you have a rosy picture.
All IMHO of course.

[american idiot] 20/6/2023 08:24

I think the shareprice will re-rate from here on....

It seems a recovery in virtually all businesses is well underway.

Once motor insurance recovers then it'll be full steam ahead....

This is THE time to buy IMO.

[edmondj] 20/6/2023 08:13

Pre-update, the consensus anyway was for £37 million net profit in current year to end-Jan 24, and £46 million to Jan 25.

[0rient] 20/6/2023 07:52

Pretty decent :-)
Four months into the financial year, we have continued to build on the momentum in our Cruise and Travel operations, while making further progress in our growth agenda through the development of our newer businesses. Year-end underlying profit is expected to be well ahead of the prior year.