Saga Share Discussion Threads

[marky60] 30/1/2020 14:13

500,000 people die of influenza each year. So far 170 deaths from Coronavirus.

[cyberian] 30/1/2020 11:52

Carnival (Cruises) down over 8% today so the travel section is getting paranoid over the effect on holiday plans etc....market nervousness likely to continue for a while. Let's hope the virus peak happens soon and a reversal of lack of confidence come into play. Best to seat on one hands for a while, and stay away from the buy button. Latest news not helpful with Russia closing borders, but worse news is that 6,000 passengers aboard a Carnival cruise ship being held on board in waters outside Rome due to a woman tourist of 54 years from Macau plus travelling friend being held in isolation on board as a precaution...probably an over-reaction BUT it will concern others who have booked even for European trips.

[cyberian] 30/1/2020 00:04

OK...that's a relief, and explains my oversight...it did look rather strange and out of sequence with the full orders taken on the earlier cruises, and indeed for the very high % taken already for 2020 on the new cruises.Thanks.

[cyberian] 29/1/2020 17:04

ER and other posters...some reasonable comments/views over the last 2 days. Certainly the cruise/river ambitions/plans/bookings appear very good, however, although that part of the company's web site appears OK, my wife feels that the main site looks horrid. She did have some funds with them but hopes that the new COO is already improving the appearance of their web site. On the cruise front like other operators one often sees discounts of 25% and even 35% which must effect margins..the last one I saw for SAGA of a 35% discount may well have been just to sell the last space or two, hopefully. I wonder if closed period is over now or the new Directors have to wait for the Y/E figures in January to be announced?

[wskill] 29/1/2020 16:39

Not sure why but it takes time for a share to rerate I do not get all my buys right butOur institutional investors seem a very cautious bunch,Saga are recovering well and paying down the debt since the ipo. Bought a few more today and still Require a good few more for the families isas I find it's best to accumulate over aPeriod of time and not buy all at once.

[sharebuddy1] 29/1/2020 16:04

I was just wondering why the market takes such a dim view of this share. Admittedly the revenue is down around 30% and the profit 50% from ipo levels but these are again on an upward trend. Surely the figures do not warrant a share price which is less than a quarter of the price at the ipo. Also the debt is much more under control and assets increasing with the purchase of the new ships. Think the share price does not reflect the true value and potential of this company and has been manipulated for an, as yet, unknown reason.

[wskill] 29/1/2020 13:47

Would be surprised if the dividend was reduced as they are on track according to this latest update and 50% of profit is available to boost the balance sheet ,also the first new cruise ship is now adding to profits,with the 2nd one joining in August I am sure deposits are already in the bank for its first year program of cruise.

[cyberian] 29/1/2020 12:08

EJ...are you still skiing? No posts for a while after adding some for your dear wife. The story in the Evening Standard business section suggested that the new CEO could favour reducing dividends for a while to boost the balance sheet...JP Morgan judged his comments that way after the update yesterday. I guess that may put a damper on the share price short term.

[wskill] 29/1/2020 09:04

Yes really a 10% yield we should be trading higher than this now but I guess it's kept here to let the shorts to get out .
Not all bad it lets us pick up stock cheaper.

[diku] 28/1/2020 20:51

Is it really 10% yield or 5% after the divi chop on current share price...

[elpirata] 28/1/2020 14:57

HL view today

It's encouraging to see the group making strides to improve performance, but only time will tell if attempts to revamp its insurance offering are enough to attract premium customers back. The company currently trades on a PE ratio of just 5.3 times, some way below the longer term average. After the recent dividend cut the group trades on a prospective 10% yield.

[diku] 28/1/2020 14:29

It depends what car you driving...

[skinny] 28/1/2020 10:43

I've renewed my car insurance with them this morning - so they should fly now! :-)

[elpirata] 28/1/2020 10:00

from interims

The Board of Directors has considered the early progress made in the implementation of the Group's revised strategy and is confident in the ability of Saga to achieve the full year target for Underlying Profit Before Tax of between £105m and £120m.

Subject to the two risk factors outlined above and potential actions to reduce leverage, the Board remains of the view that a medium-term pay-out ratio of around 50% of underlying earnings after tax is appropriate. This balances an attractive dividend for investors, while reducing both absolute levels of leverage and leverage ratios over the next few years.

so full year divi should come in between 4.7p & 5p less 1.3p interim paid = 8%+ final divi at current sp

[wskill] 28/1/2020 09:12

How do you get 13% yield I calculated 10% will be happy to be corrected though.

[salpara111] 28/1/2020 08:55

Was waiting for the update and I guess my reaction is .......steady as she goes.
I will be taking a stake as I certainly see the opportunity to return to the 60 area in pretty short order.