Saga Share Discussion Threads

[scottish007] 30/11/2023 20:51

Am l alone in being delighted at this change?
I’m a long time holder, dipping in and out and currently in the red. Still see a great opportunity here.
Foreign shareholder keen and possibly still buying, Rodger possibly tolerated bad decisions for too long and new gaffer appears a month before the change of leadership.
Planned? I would say so.
Will we now attempt to sell chunks off at the wrong times?
I don’t think so.
Market response is clearly expecting bad results. I see a change in focus.

[koetser] 29/11/2023 16:34

What a sh@t show

[hope1815] 28/11/2023 07:41

Financial Times 4 minutes ago

The chief executive of Saga, the UK insurance and travel business focused on customers over 50, has resigned after nearly four turbulent years that included the disruption caused by the Covid-19 pandemic.

Euan Sutherland will be replaced by Mike Hazell, currently the group’s chief financial officer, who joined the group just last month, Saga said on Tuesday. Sutherland had told the board earlier this year of his intention to step down. 

Demand for the group’s cruise business has recovered since pandemic interruptions but its insurance division has suffered from spiraling inflation in the cost of claims, prompting the group to pursue a sale of its underwriting division.

Sutherland said he was proud of what he had achieved at the group, and chair Sir Roger de Haan praised his “enormous contribution” in stabilizing the business.

New CEO Mike Hazell former CFO

Mike is a chartered accountant and an established CFO with over 25 years’ experience across a number of industries including retail and consumer services. Mike held a number of leadership roles at Debenhams over a period of 12 years, starting as Group Treasurer and moved on to CFO and ultimately CEO of the business. He trained at Pfizer before spending time in the global dairy sector with Fonterra, and media telco with Sky.

New CFO Mark Watkins

Mark was Finance Director of PRD Division at Secure Energy Services, and Group Financial Controller at Bovis Homes. Mark Watkins joined Saga in 2016. Mark served as Finance Director, Travel and Treasury and Director of Corporate Development for Saga. Now moved to CFO on the 28 November 2023

Trading Update Tuesday 30 January 2024

[dudishes] 25/11/2023 16:01

Checked out the two that we discussed, chosen this for SB. Long looks in order.

Checked 6 monthly accts, one minute selling risky dept/the next retaining and could do better?

Why not do better before hand?

Remember my warning of Biscay? Had to be one eh?

Despite that, in most of us there is a Seafarer/adventurer.

Bottom fishing becoming an interesting habit.

cheers

[waldron] 25/11/2023 09:34

Upcoming events on Saga plc


30/01/2024 06:00 Q3 2024 Sales and Revenue Release - Trading Update


27/03/2024 07:00 Q4 2024 Earnings Release

[waldron] 25/11/2023 09:32

Analysts' Consensus

Mean consensus
BUY

Number of Analysts
3

Last Close Price
1.226GBP

Average target price
1.683GBP
Spread / Average Target
+37.30%

High Price Target
2.100GBP
Spread / Highest target
+71.29%

Low Price Target
1.150GBP
Spread / Lowest Target
-6.20%

[waldron] 25/11/2023 09:27

Seems to be currently undervalued if one take the Enterprize Value EV into account


No current clear indication as to share price direction




Would like to see a divi and more analysts views

[outsizeclothes.com] 23/11/2023 20:59

Jeremy Hunt just guaranteed our target customers their triple lock pension rise.
I don't think that's in any way reflected in the shareprice here.

[hope1815] 21/11/2023 06:27

Yes, Koeter been distracted with other companies researching. Depends if he keeps buying till he reaches 5%.

[koetser] 20/11/2023 16:26

And there you are I was 100% right our UAE friend has just added another 1%

[koetser] 17/11/2023 12:07

Hope,

I think our UAE friend has been buying up stock. Hence the periodic 10k and 25k buys. Not sure when he has to notify the market again. If he gets another 1%?

[koetser] 17/11/2023 12:06

Mighunter,

No other investigation for any other cruise ship due to that storm kind of proves my point.

[hope1815] 16/11/2023 16:31

I would just concentrate on Saga Plc as a company presently. The share price peaked at 135 twice today which may indicate something.

[mighunter] 16/11/2023 16:16

Koetser, I have been careful to explain potential (and potential only) complexities that might explain various outcomes. You on the other hand have attempted to report as fact that Discovery was the only cruise ship not to seek shelter. Not true as I demonstrated with Fred Olsen. You have said Saga was bottom of the list, but cannot prove it when asked and I have demonstrated they already had a berth slot at La Coruna. As Diku suggests, clearly Koetser, Mr Richards and Jayne, 72, have more than enough operational knowledge between the 3 of you to outweigh the man with the Master Mariner's Ticket. Funny because none of the 3 of you were on the Bridge at the time!

[bc4] 16/11/2023 15:50

2 LARGE SPIKES TODAY VERY INTERSTING,I hope

[koetser] 15/11/2023 15:35

Mighunter and all,

There is now an official investigation:

[koetser] 13/11/2023 10:03

Nope but I suspect there was pressure to get back for the 30 day Caribbean cruise. So he took the risk anyway all passengers got a full refund

[diku] 12/11/2023 15:15

So did the passengers know more about the weather than the captain?...

[ccraig69] 11/11/2023 13:41

Think the storm might be over by then

[koetser] 11/11/2023 10:36

Mighunter next time do your research please? I am sure you are capable of producing intelligent and informative posts on this board. A pity as these kind of comments let you down 😢

[koetser] 11/11/2023 10:33

Jayne, 72, told The Telegraph that the ship started hitting rough seas as it travelled up the Portuguese coast, while passengers could see further storms forecast on the ship’s path to the UK.

She said: “We said to the captain, this storm’s coming, and we’re going to hit it somewhere in the Bay of Biscay.

“Why don’t we go into Lisbon, which has a nice long dock area for cruise ships, but we were told that we can’t go there because the maritime pilots are on strike.”

She claimed that subsequent checks by the passengers showed that the strikes by Lisbon port staff were scheduled two days later.