Saga Share Discussion Threads

[yump] 22/9/2019 21:46

I’ve been reading a lot and I can’t decide what price to sell at but I might change my mind.

Thought you’d all like to know that piece of news.

[dr biotech] 22/9/2019 20:50

Profit before tax was GBP52.6m for the year, a decrease of 52.1%. In addition to the factors outlined above, the Group has impaired some property, plant and equipment assets by GBP3.3m, this was offset by a GBP3.0m partial reversal of the previous non-cash impairment charge relating to the Saga Sapphire, following the conclusion of an agreement for the sale of this ship in 2020. The current year also includes one-off restructuring costs relating to non-core businesses.

Ship was sold to Anex about a month ago. Given there was no RNS the value was insignificant.

[cautious7] 22/9/2019 19:53

Thanks but could not see the note.

[dr biotech] 22/9/2019 19:35

There’s a note in the results that indicates a few million.

Also found this transcript of the results call that may be of interest

[cautious7] 22/9/2019 14:52

HELP

Is the sale price of the 31 year old Saga ship a state secret?

[cautious7] 22/9/2019 08:59

Hi


Having read the weekend press inc todays efforts I have made my decison at what price to add, or sell and this is subject to change.

Bottom line, Saga has a long way to go and I'm confused why the price sold of the old ship not declared and the new leader not found lets hope he/she is a million times better at its job and makes changes at the top

IMO, if price does not stablise at over 55p soon Eliott needs to push BoD hard

DYOR

C7

[yump] 21/9/2019 23:48

Most of the rise is due to the interims.

The bod won’t pile in - you’ll have to decide based on other factors. Bods don’t buy to please shareholders. A cluster of bod buys might indicate confidence, but a lack of buying doesn’t mean the reverse. If you want to see a decent cluster look at NEXS. Not just cheap option exercising but significant money being spent.

[cautious7] 21/9/2019 09:14

I will add at a certain price but atm only do this is the good life brigade ie BoD's
buy/add what i deem to be a substantil amount of saga shares. BoD was quiet positive
and needs to put into practice their confidence and also show elliot they are prepared to invest in a co they lead and show confidence by this action

imo a vast majority of saga shareholders bout from outset many may have added at slightly lower prices ie well over a pound and since then see the share price crash by 80%.
Thanks to Eliiott you got this recent rise i wonder what will happen if they bailed out now with a very healthy profit.

dyor

c7

[nav_mike] 20/9/2019 19:50

Today was a triple witching day....many shares had way above average UT trades and subsequent OBs

[sharebuddy1] 20/9/2019 18:40

Especially with the massive buy orders after the bell.

[justiceforthemany] 20/9/2019 18:19

Finished above 50p. Technical pull back after 16% rise yesterday.
Return to FTSE 350 looking highly probable.

[cautious7] 20/9/2019 15:53

deleted wrong thread

[sharebuddy1] 20/9/2019 15:43

My experience of a share quote was opposite to davwal. Even the 3 year fixed was as cheap as the cheapest on a comparison website and don’t forget you don’t have to go for the 3 year fixed, you can always go for the standard quote which is cheaper. Suppose it depends on your personal circumstances.

[ny boy] 20/9/2019 09:58

Some of you get on the right side of the trade 🆙

[edmondj] 20/9/2019 09:27

Personally I could not see how 3-year quotes made sense to buy (testing home and car insurance) but review sites (for what they are worth) showed a definite seam of customers appreciating this. The real question though is how good is the insurer in circumstances when a claim has to be made.

[yump] 20/9/2019 09:20

It is tour operations that they say have been affected by Brexit. Cruise hasn't. The effect of Brexit uncertainty is being felt across all tour operators.

So its not a Saga issue. Brexit is not mentioned in the reports about other profit drops, so as far as I can see its not being used as an excuse.

You as an individual may have not liked your quote, but tbh that is irrelevant in the light of reported bulk figures.

[davwal] 20/9/2019 09:01

So ‘Brexit uncertainty’ materially impacted profits but by some magic that impact will be negated by year end? What a load of cods. Brexit is the ‘go to’ excuse for failing management.
As for the 3-year insurance, my quote was horrendous to the point where I initially thought the cost per year was the total for the three! Every time I get any type of quote it’s far too high. I just can’t see how they find sustained improvement.

[edmondj] 20/9/2019 07:32

Might gain from Thomas Cook's demise, if it happens.

[yump] 19/9/2019 22:42

Cautious7

What are you on about with the red-handed comment ? By the look of it, it applies to you, so perhaps a Freudian slip on your part.

Again, seeing as you are so offended by the advert, please explain to everyone what you mean by saying you are a 'true Brit'.

What makes you a 'true Brit' ?
A 'true Brit', offended by a 'Brits only' advert.

Only marginally less puzzling than quantum mechanics.

[cautious7] 19/9/2019 22:36

meets with the Elliotts.

[grafter] 19/9/2019 21:12

‘We have made good progress against our strategic reset,’the chairman Patrick O'Sullivan claims, pointing to ‘encouraging’ sales of three-year fixed price insurance policies and more of them sold direct to customers rather than through third-parties, which is seemingly true of its cruise breaks too.

Chief executive Lance Batchelor also flagged that its new Spirit of Discovery cruise liner is now fully operational and delivering on Saga targets for filling additional cruise capacity into next year.

Saga said it would pay an interim dividend of 1.3p, in line with its rebased dividend policy having slashed last year’s payout from 9p to 4p.

DYOR -

[cautious7] 19/9/2019 19:33

IC view is same as mine and I quote:

Negative full-year earnings were linked to a non-cash impairment charge on the carrying value of goodwill; a reflection, perhaps, of industry-wide challenges. It's too early to determine whether management's diagnosis of the group's ills and the subsequent solutions put in place will lead to improved profitability, though a 730 basis point contraction in the gross margins suggests there's much work to be done. It’s a long road ahead and Numis doesn’t expect profits to reach 2018 levels until after 2023. Hold.

Last IC view: Hold, 33p, 19 Jun 2019





==============

DYOR

C7

[cautious7] 19/9/2019 18:46

Dear Careful

Many thanks for the honest post, sincerely appreciated!

Regards

C7 - After 4 years outside the direct shares market decdie to take a pure gambling punt in Saga - bought at 42p and redline of 36p-ish for top up and 49/50p sell but decided to hold. Was going to top up yesterday arounf 45-5p but decided not to gamble more money. IMO, choppy waters ahead especially if the clowns don't sort out brexit.

ps - I may top up next week once the media has put their thoughts out on Sunday

[justiceforthemany] 19/9/2019 17:36

That could prove another positive for Saga with more customers and business.