Saga Share Discussion Threads

[davr0s] 14/11/2019 18:32

Some people on this board really shouldn't be in the market if they get worried by this level of volatility. If you don't get this stand back and look at a chart for the last 52 weeks and tell me has anything changed this week? You may even struggle to see this weeks movements. There is nothing to see imo - just normal price volatility

[nav_mike] 14/11/2019 17:53

I stand by my comments from yesterday, though I admit 'sea change' may have been an overly dramatic choice of phrase :)

The share price has reacted sharply having failed to break 60p on three consecutive days. We have now pulled back to the previous strong resistance around 52.75 which *should* provide support

We had a good start today, but at 9:15 the machines seemed to kick in and down we went

[optomistic] 14/11/2019 16:59

Rapidly fell away from the 'heady' heights of 59p :-(

[rsivapalan] 14/11/2019 09:33

Thanks EJ for the charts. Always interesting to see some technical analysis. Looking forward to some kind of news to put the higher volumes into context. Not concerned about the pull back this week, as another poster mentioned testing the break.

[sharebuddy1] 14/11/2019 06:07

Think you’ll find the 3 year fixed very competitive and don’t forget if you don’t have any claims during that period the margins should improve for Saga.

[yump] 13/11/2019 21:45

I don't know how a 'sea-change' can happen over a few days - all shares are bipolar anyway on a short timescale.

Anyway, on a more serious and not not PC note: I got a car insurance quote from Saga a few days ago, having been with them a couple of years ago and then left because they stuck £100+ on the following year's renewal.

Now they're under my existing RAC quote by £100 and that's just for a year, so I'll see what the 3 year discount ends up at.

If this is common then the question arises as to whether they're chasing customers at the cost of margin to get them back, or whether they're just getting better deals.

[cautious7] 13/11/2019 19:58

Nav_Mike, from what you said it looks very worrying.
I'm glad I did not add on Friday last week.

DYOR

C7

[justiceforthemany] 13/11/2019 19:56

Remains well above 200 day MA.

[davr0s] 13/11/2019 18:56

It's come back on lower volume and is just retesting the break at the moment so perfectly normal price action IMO

[nav_mike] 13/11/2019 17:37

At the risk of stating the obvious there has been a persistent seller in size this last couple of days.

The supply of sell orders has been relentless, and 360k was put in the closing auction @ 54.95

Hopefully its just reacting off the 60p level and nothing more serious - certainly a massive sea change in sentiment from the end of last week

[rsivapalan] 13/11/2019 11:52

Agree 55p needs to hold ideally until the end of the week. Resistance at 60 tested twice now and i think may be tested a couple more times before breaking through which will hopefully happen once there is an increased holding notification from existing or new institutional investor and/or chairman update.

on the 4th november in travel weekly article regarding launch of the new river cruise ship:- Head of trade sales Iain Powell told Travel Weekly : “This announcement was led by the success of Spirit of Discovery and Spirit of Adventure. Even though the latter isn’t in service yet, sales have been incredible.

so i believe the group are exceeding targets at least on the cruise side and hopefully this will feed through into the end of year results. whilst the insurance side produces the bulk of profits, it is the cruise side that is geared up and so strong sales has likely given the company a boost and a bit more confidence to the markets.

good luck all

[cautious7] 13/11/2019 10:22

EJ

You topping up again today?

Topping up, is it more than 20k shares at a time or less than 10k?

Thanks

DYOR

C7

[diku] 13/11/2019 08:15

55p needs to hold...

[sharebuddy1] 12/11/2019 17:33

Sorry but haven’t seen any Saga quarterly results up to now

[koetser] 12/11/2019 15:24

Sharebuddy please see link above

[sharebuddy1] 12/11/2019 15:11

So far as I know they do not report on a quarterly basis. They appear to release half yearly and full year results.

[koetser] 12/11/2019 15:00

When is sagas 3rd quarter results

[sharebuddy1] 12/11/2019 13:46

The ftse 350 is the ftse 250 plus the ftse 100, so any company in the ftse 250 is in the ftse 350 as well. Note some profit taking today which is to be expected. Think it will soon press on to Peel Hunt’s target of 110p. Am surprised UBS haven’t adjusted their forecast from 39p.

[diku] 11/11/2019 22:53

Is Saga in the 250 or 350?..

[justiceforthemany] 11/11/2019 17:26

Current ranking with market cap £662M = 340

Needs to rise another 8% or so to 63-64p to be in the automatic re-entry position.