Saga Share Discussion Threads

[justiceforthemany] 09/10/2019 10:49

Last day to buy to qualify for the dividend.

[stewart64] 09/10/2019 10:48

Bad PR for the cruising industry generally today, the riot on the Norwegian ship. Add on new environmental concerns, three times more unfriendly per mile than flying.
Tbf I am totally biased against cruising ( not my idea of fun). I did drop those concerns to invest here sometime back; but such things obviously confirm that bias.

[rsivapalan] 07/10/2019 12:17

My conclusion for the drop in share price last week was largely the disposal/reduction Of Standard lifes circa 1% interest in the company. This would equate to around �5.5m worth of shares by comparison to an average daily volume of circa �3m. Slightly exacerbated by the update on regulatory reform although given Saga have positioned and addressed the issues themselves ahead of any pending reform should place them in good stead against the competition. Insurance margins have been under pressure for some time and will affect the whole industry but this has been priced in and forms part of Saga�s turnaround strategy. With regards to cruise, there are a lot of posters citing Brecht concerns, fuel duty rises etc which may hamper this side of the business (and rightly so) but the facts illustrate a different picture. Cruise bookings have hit 100% of target for 19/20 and over 50% for 20/21. If they can prouduce results likes this in this economic climate with all the doom and gloom around the uncertainty we are facing, then I think the future may be bright for Saga. I think new investors in this stock will not be looking or yield/dividend given how volatile the share price has been and instead will be looking for capital gains (with any dividend being an added bonus) as the business stabilises. No doubt this is still a higher risk stock until there is clear continued progress but has very high upside potential in my opinion.

[cautious7] 06/10/2019 18:18

Hi

the div may support the share price for a few days then possibly back to close to 40p?

DYOR

C7

[morrisseysteve] 06/10/2019 09:07

Optimistic. I'm all for bit of fairness and don't even mind a bit of entirely one-sided reporting. And since Transparency International, since that's what the relevant article is talking about, is also funded by the UK government, the UN, the US and many other individudual governments, that's clearly what this is – entirely one-sided reporting. I just don't understand its relevance to SAGA. There are plenty of below the line places to comment on newspaper websites that are more appropriate. All the best

[diku] 05/10/2019 21:53

A Party that uses Brexit by default to score votes?...

[optomistic] 05/10/2019 17:35

morrisseysteve

Just spreading the word and he is perhaps trying to introduce a little fairness into the reporting of recent events!

[morrisseysteve] 05/10/2019 14:54

Hi maxidi, And this has what to do with Saga?

[maxidi] 05/10/2019 13:39

Interesting.
Our eagle-eyed Current Affairs Correspondent, Oliver Down exposed the other day that Jo Swinson’s Husband Duncan Hames works for an organisation called Transparancy International which is an ‘anti-corruption’ charity. It has received millions from the EU over the years.

Now the team have also done a forensic analysis of their accounts and can reveal that they also receive money from ‘Open Society’ which is funded by none other than George Soros.

They openly publish this on their website but the main issue we have is that surely Jo Swinson and her husband have a financial interest in staying in the EU. Why is she not questioned on it by the media, why does she not have to declare an interest yet Boris is slammed for the silliest little things? The hypocrisy and treachery of the media knows no bounds.

[optomistic] 05/10/2019 12:32

Extract from the interims

The Directors have declared an interim dividend of 1.3p per share. The dividend will be paid on 22 November 2019 to shareholders of ordinary shares on the register at the close of business on 11 October 2019. Saga offers a share alternative in the form of a dividend re-investment plan (DRIP) for those shareholders who wish to elect to use their dividend payments to purchase additional shares in the Group, rather than receiving a cash payment. The last date for shareholders to elect to participate in the DRIP will be 28 October 2019.

[justiceforthemany] 04/10/2019 18:12

The 2 shorts had been reducing recently - goes ex-dividend next Thursday (10th) for the interim at 1.3p/share - this alone yields 3%. Interesting to see if any funds/Elliott add on Monday.


Ardevora Asset Management LLP 0.55% -0.05% 11 Sep 2019
BlackRock Institutional Trust Company, National Association 0.79% -0.02% 20 Sep 2019
Total 1.34%

[careful] 04/10/2019 14:36

Watching the regulator on Ian King live.
Everything he said was sensible.
Why loyal customers of 10 years standing pay 30% more than new customers is wrong and should be fixed.

If that damages Saga then we are in trouble.
A business model that relies on customer inertia is flawed.

Hoping the management is ahead of the curve on this issue.
Holding and hoping that SAGA may even benefit from any changes.

[justiceforthemany] 04/10/2019 14:30

We don't and neither do Elliott. Trading at just 5x earnings and yielding 10%.

[cautious7] 04/10/2019 12:31

Indeed this news will impact the share price and I suspect a profits warning in a few months time.

DYOR

C&

[american idiot] 04/10/2019 12:13

I am out at 46.8p.

Good Luck all.

[cautious7] 04/10/2019 12:13

Not to worry chaps as the divi will somewhat suppot the share price about 40p and most likely end about the 43.6p lows today.

I was thinking of a pur gamble ie buy around 44p and sell out 47 but about 40k shares but felt it was not worth the gamble, anxeity. But I had would have automatically bought at 40p.

IMO, this is a dead cat bounce as all of Saga dealings are in the uk and Saga only appears to IMO target white British citizens, well that's the impression I get and was confirmed by their fiasco of a partners holiday broucher a few weeks ago even though this was belonged to another company that sold Saga hols, it still had SAGA printed on the front of it.

DYOR

C7

[ny boy] 04/10/2019 11:50

Looks like we may of got a bargain on this morning’s pull back, a close over 50p will be encouraging but possibly asking too much for a Friday, depends how US markets fair later.

[american idiot] 04/10/2019 11:36

All bot buying on Level 2 still.

Looking very very good at present for the longs.

[american idiot] 04/10/2019 11:24

Looks like we are going for an intra-day 'W' bottom ?

Gives a target of around 47.3p if 45.3p clears.

[kulvinder] 04/10/2019 11:19

Husbod
4 Oct '19 - 09:33 - 3126 of 3142
A couple of weeks steady progress more than wiped out.

I would not worry too much, at least you lucky you was not in MTRO, that took all or most of my money last week when it went down like a stone from 320 all the way down to 156...this will settle down...it a steady boring share.

[rsivapalan] 04/10/2019 11:05

The one company that pre-empts the forthcoming regulatory changes to renewal pricing in the insurance industry and a general shift towards treating customers fairly gets hammered the most today! I think the news released today, at least in the short term until the competition re-align themselves should give Saga a small boost in insurance business. They really need to push their marketing right now (to stay ahead of the game) to exploit poor sentiment amidst consumers taking out home/motor policies by highlighting their 3 year fixed price promise. The last trading update showed good take up of their fixed price policies and hopefully this news released today will work in their favour. Massive overreaction today on Saga in my opinion and an excellent entry point for new investors or topping up opportunity for existing holders.

[american idiot] 04/10/2019 11:03

04 Oct Saga Peel Hunt Buy 43.98 49.00 - Reiterates
04 Oct Sabre Insurance Group Plc Peel Hunt Buy 283.25 300.00 - Reiterates
04 Oct RSA Insurance Group PLC Peel Hunt Buy 500.80 600.00 - Reiterates
04 Oct Hastings Group Holdings Plc Peel Hunt Add 186.65 220.00 - Reiterates
04 Oct Direct Line Insurance Group PLC Peel Hunt Add 275.65 350.00 - Reiterates
04 Oct Admiral Group PLC Peel Hunt Hold 2,053.50 2,150.00 - Reiterates

[boraki] 04/10/2019 10:59

Struuuuth.

Another top day for saga.... not