Saga Share Discussion Threads

[spob] 09/7/2019 10:20

" Have managed to load up another large chunk this morning at under 40p so now happy to sit back for take off :-) "

was it hard work buying shares in Saga ?

[edmondj] 09/7/2019 09:23

A 20p scenario looks chiefly consistent with the insurance broking side failing to gain traction versus competition moving to fixed-term policies, and a hard Brexit impacting consumer confidence/spending on cruises, thus compromising the 8p EPS guidance with a 50% payout ratio. More positively, if old timers are wowed by the new ships, to fork out irrespective of a UK recession, and the insurance side at least stabilises, then possibly there's upside simply in relation to de-risking a 10% yield.

[pete160] 09/7/2019 09:10

Have managed to load up another large chunk this morning at under 40p so now happy to sit back for take off :-)

[koetser] 08/7/2019 23:32

EJ

Agree looks like 40p could become next support. Analysts never seem to get it right so I reckon they have a hidden agenda

[buywell2] 08/7/2019 22:36

20p also my call

IMO overblown markets are now going to tank in the USA and then the ROW

Pain is on the way

dyor

[koetser] 08/7/2019 16:31

Over 40 but bid below :-/

[koetser] 08/7/2019 16:30

Pretty please with cherry on top

[koetser] 08/7/2019 16:28

Can we hold bid and offer over 40 please

[koetser] 08/7/2019 16:27

Mcbull when will that be 😎

[mcbull] 08/7/2019 15:57

wait until you see the one at 60p!

[koetser] 08/7/2019 15:26

wow that 40p barrier is tough

[koetser] 08/7/2019 15:04

coming up for 40p barrier for 4th time can we close over?????

[koetser] 08/7/2019 14:57

positive territory again woohoo

[buywell3] 08/7/2019 14:56

20p now my call

dyor

[edmondj] 08/7/2019 11:52

If UBS is cautious about UK consumer spend - e.g. similarly as Gavyn Davies predicts a UK recession, if not already underway due to a hard Brexit now being more likely - then it logically follows they'd be neutral on Saga versus current market price (historic underlying performance being quite irrelevant). There's a possible scenario where insurance broking treads water or somewhat declines (if the attraction of 3-year fixed policies doesn't offset attrition in motor/home policies generally, comparing a highly competitive market), while insurance underwriting has released most of its reserves to bolster past profits, and consumer spending on cruises/travel is tempered.

[justiceforthemany] 08/7/2019 11:45

I wonder how many of UBS' favoured stocks are trading on a P/E of 5 like Saga? None.

[koetser] 08/7/2019 11:21

I was hoing for a clean break above 40p today before UBS stuck its oar in

[koetser] 08/7/2019 11:19

sharebuddy,
Do totally agree with you but at least this time it does not seem to have created a long lasting downward spiral. Maybe some manipulation to get some punters to dump shares before the anonymous buyer accumulates. Looks like legal foul play to me!!!!

[sharebuddy1] 08/7/2019 11:06

Don’t UBS realise how stupid they look simply following the share price rather than doing a comprehensive analysis of the future share price movement. No doubt if the share price suddenly rockets, they will adjust their forecast upwards accordingly. Of course they may know something we don’t but on forecast fundamentals, the share price should be well in excess of £1.00 per share

[koetser] 08/7/2019 10:31

UBS CUTS SAGA PRICE TARGET TO 39 (65) PENCE - 'NEUTRAL'

hxxp://www.morningstar.co.uk/uk/news/AN_1562574459139940700/broker-ratings-summary-barclays-and-jefferies-downgrade-schroders.aspx

[ignoble] 08/7/2019 07:18

An interesting read