Saga Share Discussion Threads

[ny boy] 17/4/2024 07:31

Interesting, I will buy some after the initial bounce this morning

[gripfit] 17/4/2024 07:09

Look very good… and positive going forward ,, thought this was a basket case a few years ago ..

[koetser] 17/4/2024 05:52

Let’s see what happens today 😳

[koetser] 10/4/2024 22:03

I hope so too but they haven’t done any deals for 5 years

[gripfit] 09/4/2024 16:10

Hopefully some good deals will have been done .

[spig69] 09/4/2024 08:47

Gripfit - website for Saga says Wednesday the 17th April. Full year-end results for year-ending Jan 2024. Not long to wait now....

[gripfit] 09/4/2024 08:33

When is a update due??

[koetser] 19/3/2024 08:50

Sabre results in insurance brilliant. So why is Saga not doing as well as the Aviva, admiral and sabres of the world. And I don’t believe it is all to do with the 3 year policies

[koetser] 14/3/2024 14:50

Yep very cheap but yes simply from a charting point of view it does look cheap

[harry_david] 14/3/2024 09:28

Starting to look cheap again.

[koetser] 08/3/2024 11:04

AICL should be u for sale again now that the COR for underwriting is now under control:

[koetser] 13/2/2024 08:19

Yes I agree they should do sale and leaseback. My point was that the assets currently exceed the EV considerably and therefore the share price at the moment is ridiculously low

[hatfullofsky] 13/2/2024 07:31

Koetser, they will sell the ships not the cruise business, which I would expect any partner to provide access to more ships for saga to operate (following the capital light narrative)

[fjgooner] 12/2/2024 22:55

No you don't hope that.

Are you glad that you missed out on another 7% rise today?

[the imperialist] 10/2/2024 12:00

I sold here. The warning sign for me was the same narrative and tactics used over at PFC. If feels like pure fantasy at the current levels, but don't be surprised if the shorters take this to 20-30p. Sincerely hope I am wrong.

[koetser] 10/2/2024 10:19

Simple sum of parts far exceed EV ( market cap plus debt ) . If they sold their ships they could easily pay of debt and give £1 per share to each shareholder and then we would be left with insurance, underwriting, travel and river cruise business effectively for free!!! I would be very happy with sale and leaseback

[rmillaree] 09/2/2024 16:21

saga struggle to make great profits when they keep all the "profit" - if that profit is split between them and another party one would expect profits might halve if they split down ten middle ? and whats to stop the ship ownerr ditching saga and getting some cheap outfit without the overheads to lease em. Not saying they might not sign a good deal but it all kinds sounds like necessary talk with 2026 bondholders in mind rather than plan from position of strength.

[kulvinder] 09/2/2024 15:00

Still waiting for the market to feel all this positivity that we PI's appear to be feeling.

[hatfullofsky] 09/2/2024 14:40

The move to capital light is a very good one. A sail (like what I did there) and lease back would pay off all debts. The ships are very new and any ship leasing company or cruise company would jump at the chance plus if that company can provide more ships for Saga to operate its luxury senior cruises then we have hit the jackpot. If if if I know but I think it's a move in the right direction. It's the Virgin model for Seniors.

[rmillaree] 07/2/2024 10:14

fjgooner
A couple of years ago, when results were FAR worse and transparency going forward was utterly lacking, Saga was trading between 300p and 400p.


my recollection is that for the last couple of years Saga have consistently lowered expectations ref profits not increased them. So whilst the numbers have improved ref travel for obvious reasons (it had to ffin improve - double on not much aint great !) the actual expectations that previously existed for 2024/2025 have not been met/are expected to be worse than was previously flaged up. add to the fact each update says virtually nothing and there you have it.

Note the problem now is that the 2026 bond repayment date is much closer than it was 18 months ago - so they now have less time to sort and they still need support from their top bond ref earlier debt never mind 2026. So in that regard the fact they have made zero reference as to how 2026 bond repayment will be settleed thats poor. Obviously they ahve the new narrative of selling of ships soem have taken as a positive - is the reality here they nee to sell of tehir crown jewels as no one else will settle the 2026 bond they dont have funds for ?

One would have hoped cashflow would have ben great so they would be telling us "we have sufficient liquidity ref 2024 and 2026 bond repayments" without external help - the fact they are not saying that suggests 2026 could be an issue. It might not be though a sthey are keeping cards close to their chest - perhaps that bond could simply rolled over on suitable terms or similar replacement found.

add in zero recovery in insurance when other companies are much more upbeat and ....

[the imperialist] 07/2/2024 09:13

Here we go. Bedwetters shaken out. Time to break the recent highs.

[the imperialist] 07/2/2024 08:58

Another dedicated bashing account. Filtered.

[tomtum1] 07/2/2024 08:53

Another loser who bought SAGA at its highs and cant see the wood from the trees.Pretty sure you made predictions of a 6 quid share price a few years ago.