Saga Share Discussion Threads

[bc4] 19/8/2023 11:15

Cheers for that

[martin44] 18/8/2023 19:59

Interim results Wednesday 27 September and expecting to be very positive!

[aishah] 17/8/2023 10:49

SAGA customers unlikely to feel the pinch as savings rates have shot up considerably in the last few months.

Cruises are doing well too, so really 2 for 1 benefits here

[galeforce1] 17/8/2023 09:55

On the R4 Today programme this morning they said that average UK motor insurance premium is +41% on last year. That has to be very positive for SAGA.

When are the half year results?

[koetser] 16/8/2023 08:52

Also from admiral:
“Our UK motor business delivered a profit of £298m in the first half of 2023. As we increased prices well ahead of the market last year, our active vehicle base reduced over the period, but we are on a strong footing to leverage improving market conditions."
Matt Britzman, equity analyst at Hargreaves Lansdown, said Admiral was managing a challenging backdrop well "with some pretty serious price hikes now starting to feed through to improved performance".
"The bad news for consumers is that car insurance is now another inflated cost to try and manage as part of the ever-increasing pressures on income. Some customers have had enough, and Admiral saw a 7% dip in customer numbers over the quarter. But for Admiral, that’s a loss w"orth taking as maintaining profitable insurance contracts is key, even if it means losing a few customers along the way.

[kulvinder] 16/8/2023 07:22

I hope Saga makes such a confident statement in September;"Aviva's performance and prospects have been transformed from just a few years ago. Today's Aviva is about delivery and momentum, and these results show that Aviva is consistently meeting its promises. We expect to exceed our financial targets and we are making progress each quarter, as we said we would. I remain confident and excited that there is so much more Aviva can and will achieve."

[koetser] 14/8/2023 11:50

Heads up look out for the results of Aviva on Wednesday and the read through to Saga on home medical and motor insurance in the uk

[koetser] 13/8/2023 21:18

Two bits of good news from following article:

The Financial Conduct Authority (FCA) said the growing cost of repairs had caused motor insurance prices to spike, but Tim Kelly, an insurance expert and owner of the website MotorClaimGuru.co.uk, said some insurers were hiking prices to increase profits after the Covid pandemic.

“There is a lot of smoke and mirrors going on. Through Covid, insurers made massive profits. Now we have come out of Covid into a very different economic climate, insurers want their profit and are not absorbing the increased cost of inflation. In short, consumers are the losers and insurers are the winners,” he said.

and ...

The hike in premiums for older customers could be due to the rising number of drivers aged 80 and over, which has soared by 18 per cent over the past two years to reach 1.7 million, according to the DVLA. Elderly drivers may be seen as higher risk, pushing up the average price for the 65-plus category.

[koetser] 13/8/2023 21:09

I like the bit where a saga customer renews with saga even after car insurance premium doubles . She haggled it down from 3 times.

[glavey] 13/8/2023 05:56

Last breakdown as shown in the Annual Report.

[lorse] 10/8/2023 10:46

What percentage of profits or turnover is Cruising?

[bc4] 10/8/2023 09:48

Still going like the clappers LOL

[koetser] 10/8/2023 07:37

Yes I believe Rogers average is £2.90 so a way to go for him

[diku] 10/8/2023 07:03

All the reasons to split and realize company value...unfortunately scale too small...too much bedded in together...With dual sectors still remember when Saga did IPO reading in media comment was analysts not sure which sector it would get listed...leisure or Insurance...think it got bunged in Service sector...at 145p still trading at 10p old money...I think...Sir Roger roger well under water on his investment not getting return on his money considering rates are much higher...

[koetser] 09/8/2023 23:25

Absolutely carnival and other cruise operators and travel companies have seen their share price rocket this year. However saga has been held back because of insurance

[aishah] 09/8/2023 23:09

A decent recovery recently. Bowl forming. Carnival and others are flying at the mo.

[koetser] 09/8/2023 22:36

1k is a nibble

[diku] 09/8/2023 18:52

What is nibble?...100, 500, 1k, 5k, 10k, 50k, 100k, 250k, 500k, or 1 mln shares?...

[koetser] 09/8/2023 16:39

Totally agree though this is going to rocket as it is ridiculously cheap. Even though this had been said so many times before

[koetser] 09/8/2023 16:37

Been taking a few nibbles too for past few days on top of my already feast that I took earlier

[aberloon2] 09/8/2023 16:04

Just took a nibble here, based on the results from other travel and insurance companies I think SAGA may be on an upward rise for a while yet.

[diku] 08/8/2023 21:42

Could the Saudis be interested here...just take the new ships cruising side of business for a song...dispose of Insurance...or maybe US CCL?...

[kulvinder] 08/8/2023 16:21

Maxplus, because the doom and gloom has been overdone here, cruises are booming and as well as the insurance premiums are going up, hence profit will start to improve.

[bc4] 08/8/2023 16:02

This is on a down day makes it even better