Saga Share Discussion Threads

[koetser] 24/9/2023 12:28

Belluci, true they have a habit of bad results. Everyone will be watching insurance and any news on AICL sale

[belluci] 24/9/2023 11:45

Half year results due this Wednesday. I think that's a massive day for this Company. The recent selling could be viewed as a general feeling results won't be great.

[diku] 22/9/2023 14:09

RSI looking a bit over sold here...

[outsizeclothes.com] 21/9/2023 15:38

Hopefully the Company forward bought a stack of fuel with oil in the $70s a few months ago.

[koetser] 20/9/2023 17:40

Kulvinder, actually I am quite happy this was the reason rather than something else. It will have shaken out all the sellers. Also was worried it was something to do with lack of sale of AICL which it isn’t

[kulvinder] 20/9/2023 17:33

When a broker writes it is worth 250, I don't see it fly up as quick as it goes down...

[koetser] 20/9/2023 14:52

Reason for recent fall is Peel Hunt has reduced price target from 130p to 115p

[purchaseatthetop] 18/9/2023 06:52

First rule of business (except always have enough cash! So second actually) is not to give existing customers a reason to leave. Here SAGA do very badly.

[paulhopeful] 17/9/2023 22:33

Please note: Purchaseatthetop, posts using at least 16 different names, on many boards. Good luck to all genuine investors.

[koetser] 17/9/2023 15:58

I am actually glad they are charging more for car insurance. Better than selling it for a loss. IMHO
Rather they sell equity release, medical insurance, travel insurance, cruises and travel. Better margins here than the commoditised car insurance market.

[diku] 17/9/2023 14:07

All these quotations are probably weird computer generated...ring the company up and tell them you are considering leaving and very likely give you better quote...

Friend of mine flat insurance...he paid £275 last year...this year renewal quotation came in at £1600!...when he rang to see if somebody was having a laugh the quotation magically came down to £437...so why did they quote £1600 in the first instance...they must think public are stupid...

[purchaseatthetop] 17/9/2023 14:05

But when the world changes……;I left SAGA after 10 years. Lunacy.

[diku] 17/9/2023 14:00

Because the 50's thing is engraved in the business memorandum set up many moons ago era...I think...

[stuart37] 17/9/2023 13:44

I think you'll find it's simply a case of Saga cherry picking their customer base - as most insurers do. They decide what risks they want to take on and which they don't.
It's been going on for years - my car insurance with Saga actually went down this year by £80 (i am 60 yrs old).

[purchaseatthetop] 17/9/2023 13:24

Weirdly I agree with this discussion. I was a SAGA car customer and my 20 year old son was learning to drive. They increased the quote from £300 fully comp with 15 years no claims to £1800 simply because of the learner. I got it from Admiral for £390 a year. WTF? They seem to think that older customers don’t have kids. Useless.

[diku] 17/9/2023 13:09

Not sure why the bloke changed his car...and no doubt he will have paid much more for his brand new car...did he not inquire what the insurance would be for the brand new car before buying?...




'I have home insurance with Saga and a relationship with the company going back 18 years.’ Earlier this month, he changed his car from a three-year-old Mazda3 GT Sport to a brand new Mazda3 Takumi – almost identical cars.

He contacted Saga, only to be told he would have to take out new cover, costing £1,150 – nearly four times the previous price.

He was perplexed. ‘Apart from the car and myself being one year older, nothing has changed since November,’ he says. ‘I still drive no more than 5,000 miles a year and I have 20 years of no-claims bonus under my belt.’

Complaining got him nowhere – and he is now insuring with another leading brand for £648 (for one year, not three).

[koetser] 15/9/2023 16:56

Honestly the only bad bit of news could be AICL sale put off. From my understanding cruises ( both ocean and river),travel, medical insurance, travel insurance should all be doing stellar. Now home and car insurance maybe not. But even with motor insurance as premiums go up it is good for saga in future. However saga do know how to surprise with bad news

[kulvinder] 15/9/2023 15:13

Relentless...assuming not expecting good things in a week or so?

[babybear] 08/9/2023 17:00

Jeezuz ... every f*&&*& time i get near to jettisoning this sh^&te it pulls right back