Saga Share Discussion Threads

[scottish007] 28/9/2023 19:16

I’m trying to free up cash to top up. The light is most definitely visible

[koetser] 28/9/2023 14:57

And there we go

[koetser] 28/9/2023 11:58

PE ratio next year of 3.5. High cash flow and growth. This should be flying

[outsizeclothes.com] 28/9/2023 10:49

I'm in for 10k shares @ 114. Patience needed, but I can see an easy doubler inside 3 years, and a trebler inside 5 if the debt was, say, £200m lower at that stage.
I believe if the debt was down at that stage, any bonds could easily be rolled over.

Bond links again [ CLICKABLE]

[rbhaggas] 28/9/2023 08:47

Tempus in the Times has it as a buy

[koetser] 27/9/2023 11:35

Yes market not happy anymore.
Mixed bag but looks like jam tomorrow…again

[tigerbythetail] 27/9/2023 09:32

I wouldn't say the market is happy.
They're ugly results, but the share price was already so low that they were priced in.
I'll research SAGA's bonds a bit later. They might be a more interesting play than the shares in this situation.

[koetser] 27/9/2023 08:01

Market is happy so far

[koetser] 27/9/2023 07:52

Mixed bag.
Revenue and profit up for year
Paying down debt well
However pause in underwriting sale

[ttny2004] 27/9/2023 07:15

Like this part "Overall, I am pleased with the progress made in the year to date. Looking ahead to the full year, we are keeping tight control of our costs and are confident that we will deliver significant double-digit growth in revenue and underlying profit that is ahead of market estimates, and repay the May 2024 bond when it falls due. This, alongside our continued focus on debt reduction, leaves us well placed as we position Saga for long-term sustainable growth."Note 15% revenue growth in this half

[koetser] 26/9/2023 15:18

Anyway with this size of jump I suspect need leaking regarding AICL

[koetser] 26/9/2023 15:10

??? Was referring to 350 to 400

[babbler] 26/9/2023 15:00

Results tomorrow

[the imperialist] 26/9/2023 14:52

350p-400p target.

[koetser] 26/9/2023 14:40

Now that is a jump

[diku] 26/9/2023 07:17

That is the only consolation...sold off ahead of results...but never know forward guidance...market works in mysterious ways...

[koetser] 26/9/2023 07:17

Let’s hope

[ttny2004] 26/9/2023 01:05

Saga on results day may surprise us on the upside I feel and create a nice bounce to 150p and beyond initially. Let's see.

[koetser] 25/9/2023 21:45

Diku I think you are probably right. Just been non stop brutality

[diku] 25/9/2023 20:49

Looking at that header chart it seems start of Sept it has closed down every day...has it had any up day since start of Sept?...

[koetser] 24/9/2023 14:03

MF I think you are right. They will not have up to date info on company and it would be illegal if they did.
However it is all about the motor insurance really. Admiral and direct line have indicated a turn around mainly due to increase in premiums they charge. The other saga segments eg travel, cruises, medical insurance travel insurance should be really booming. Not sure about home insurance and equity release, probably a slip there. However the big but is Saga have shown in the past to not to perform due to poor management. However any news regarding sale of AICL should power saga up as it would clear debt which is the real reason the shares are low