Saga Share Discussion Threads

[glavey] 19/9/2019 04:15

zccax,
How does Saga operate it's insurance now?

[cautious7] 18/9/2019 12:00

So why have they not already outsourced the business?
If they ever do will it be best to outsource the whole ins division or the bits not integrated?

IMO, the Saga brand could make good money in the right hands but the current lot are not up to
it hence Elittos move.

Must dash as lunchtime

DYOR

C7

[zccax77] 18/9/2019 11:47

Just google actuary salary if you don’t believe me.

[zccax77] 18/9/2019 11:45

I work for an insurance company and can tell you from an high level finance position that the head office people costs are crazy. Average salary 170k

[cautious7] 18/9/2019 11:34

if it was as easy as that why have they not done that?
To be clear are you proposing they outsource the insurance business or part of it
that is not integrated into their systems and take royalty??

what do you think Saga will offer it's battered shareholders tomorrow?

DYOR

C7

[zccax77] 18/9/2019 11:00

Saga is just a brand. The should be used as a conduit to source deals for the 50+ demographic. They have no business running an insurance company. They should only act as an intermediary to place business with a real insurance company which has better resources than what saga can provide. Insurance is heavily regulated and is very expensive to administer best leave it to someone who has a large book and can thus benefit from economies of scale.

[cautious7] 17/9/2019 23:02

Hi

I'm guessing some were buying on the back of the trading updated on Thu and others had their goals met and sold at 49p.

I was going to top up today, but decided to make a more informed gamble after the update on Thu

DYOR

[diku] 17/9/2019 22:56

Fat finger?...

[sharebuddy1] 17/9/2019 17:49

Anyone know why the share spiked to nearly 49p at 11.00 this morning?

[cautious7] 17/9/2019 15:51

Cheers Koster you beat me to it.

[glavey] 17/9/2019 08:03

xccax,
"Elliot are right" Have Elliot actually published a proposal then?

Might it be the case that, with an increasingly commoditised insurance marketplace, there is likely to be a diminishing possibility to collect royalties? And how far is that actually removed from what Saga does right now?

Regardless, it would be foolish to allow oneself to believe that Elliot have the Saga brand interests at heart.

[cautious7] 16/9/2019 23:45

Zccax77, good idea mate. I never thought of that.
That way Saga retains the brand and starts to make decent profits from it.

DYOR

C7

[zccax77] 16/9/2019 22:18

Nope, Saga need to hive off their insurance bit to someone like RSA and collect royalties. Saga are too small to perform such a function profitably. Elliot are right.

[cautious7] 16/9/2019 19:41

Update on the 19th.

BoD's will need to pull something out of the bag other than a bunny.

In my respected and experienced judgment, the Saga brand is worth keeping
a one-unit just needs the clowns removed and new people at the top.

DYOR

C7

[justiceforthemany] 16/9/2019 10:17

That's a typo. £56.8M H1 profit.

FY EPS 8.4p
P/E 5

[koetser] 15/9/2019 13:15

Nice article in times about breakup of saga. But analysts expect a 56m loss :-(

[cautious7] 13/9/2019 18:13

Hi

I moved in a few weeks ago around 42 for a pure gamble and making a ok profit and was tempted to jump ship, no pun intented lol. If i bialed out today around 47p it would have mean a nice mini break for my, my wife, daughter and son and his family, got greedy i guess.

I am aware there is a lot of risk but atm cant see it going below 35p and around that price i'd top up, and if the share price when close to 70p next few weeks i would sell.

The BoD's have had it too easy and we need new people at the top and hoping Elioot will esnure that so there is alot of hope.

[dealy] 13/9/2019 16:08

insurance industry in general doing very well right now

[zccax77] 13/9/2019 15:00

Well, it is a strong cash generating business which is positive for an insurance company. Not many make profits in a soft market we are facing. Anyway I expect a slow turnaround back to 120p. Unfortunately there are no quick solutions. I am a holder just based on the cash flow. What I do not like is the debt and high intangibles. Hopefully management pay off some of it instead of paying dividends. The good thing about intangibles is that writing them off does not impact cash flow.

[yump] 13/9/2019 12:20

OK.

So what's your prediction for the business and the share price ?

and just out of curiosity, when do you think the problems with Saga started ?

[zccax77] 13/9/2019 11:43

You think? Remember saga is an insurance company, a lot of next years profitability is sitting in the loss reserves on the balance sheet.

[yump] 13/9/2019 11:40

I have no idea what you're talking about, but I question whether any of that knowledge would give you the ability to predict the direction of the business or the share price.