Saga Share Discussion Threads

[jurgenklopp] 19/9/2017 15:15

Interim results are out this Friday so the dividend and xd date will be announced at that time.

Deutsche Bank have been offloading shares hence the relative weakness recently.

[stewart64] 19/9/2017 13:53

Thanks stevetmade1....will probably lead to a move on the share price one way or the other as the dividend rate is anybody''s guess at the moment.

Don't actually think the Market likes being kept in abeyance, most dividends are fixed a long time before this, not really good for the stability of the share price.

[stevetmade1] 19/9/2017 12:18

It was announced on the 22nd last year, so not long to wait. hope this helps.

[stewart64] 19/9/2017 11:22

Anybody heard any news re the 5th October ex dividend. They are leaving it that late to notify that some websites are showing Saga as zero yield. Not really a satisfactory way to make announcements leaving it to the eleventh hour imo.

[stewart64] 31/8/2017 10:19

Some high volume in the first 5 minutes this morning. There was a 10p spread on Hargreaves for the first four minutes of trading as the direction was uncertain. Unclear what caused this?

[bend1pa] 30/6/2017 14:33

It really needs to break through 215p to convince me that this recent uptrend will continue. Since March the share price has gone nowhere with 2 lower 'highs' and 2 lower 'lows'. So the trend is still downwards.

This isn't the most dynamic of companies and Lance Batchelor is another one of these clichéd management-speak merchants, who doesn't fill me with great confidence. The run up to the IMS in Sept will be interesting.

[optomistic] 28/6/2017 11:40

Over 5 mill buys this morning.

[jurgenklopp] 22/6/2017 09:37

Trading update

22 June 2017

Saga plc, the UK's leading provider of products and services primarily tailored for customers over the age of 50, announces a Trading Update covering the period 1 February to 21 June 2017.

Saga is holding its Annual General Meeting at its headquarters in Folkestone today at 11.00am.

The Group's core insurance and travel businesses have continued their good start to the year with the backdrop of a changing political and economic environment. Saga remains well positioned to deliver against the strategic objectives set out at its capital markets event on 29 March 2017.

The Group's interim results will be announced on 22 September 2017.

Lance Batchelor, Chief Executive Officer, said

"We have made a good start to the year across our core trading divisions. We remain on track to deliver on our strategic objectives, including the launch of our membership scheme, Saga Possibilities, which will go live later this year."

[optomistic] 21/6/2017 17:35

"John Goodsell, Chairman, exercised 2,702,702 shares in the company on the 16th June 2017 at a price of 0.00p. The Director now holds 5,266,805 shares."

That is one very nice bonus!

[speedsgh] 20/6/2017 09:34

Does anyone have any ideas as to why Digital Look are showing a fall in the forecast DPS to 7.71p (2016: 8.50p)? I can't see anything in the Final Results which suggests there might be a drop in the dividend in the current FY?

[yump] 18/5/2017 09:48

Or it might develop a new phase of strength up to 220p resistance.

Toss a coin.

[bend1pa] 17/5/2017 19:04

Looks like the share price is about to enter a new phase of weakness. Expect sub 190 within the next few months, but then an opportunity to buy or add.

[its the oxman] 11/5/2017 15:58

Ex div today.

[philanderer] 25/4/2017 09:58

Tipped in The Telegraph today...

[optomistic] 15/4/2017 08:51

It's been a long time since I saw a pattern like that on SAGA's daily chart!

[stewart64] 12/4/2017 16:15

A strong move for no news. The puzzlement of the the fall to £2 in spite of good news was fairly widespread amongst commentators. I guess a bit of a rethink.

[dolores123] 12/4/2017 09:21

Saga share price and volume strongly up so far today.

[optomistic] 07/4/2017 08:45

Dolores...and by the time you are 70 you should have made a few £'s
Slow moving SAGA, was in at the flotation, sold out at a profit then back in
a 190p, it's been steady since then.

[dolores123] 07/4/2017 07:54

Upbeat article in shares mag yesterday so I bought a few! I must be over 50!! LOL!!

[yump] 30/3/2017 07:22

Supposedly the bond market has hit the end of an xx year bull run, so I've been shifting money into high yielding stocks. Hopefully not the ones that have high yield because they're doing badly, but the ones that are solid, or out of favour, or 'boring'.

o/t it was very annoying when Cadbury were taken over - that was an easy share to sit on as a big proportion of portfolio for decent divs. People actually buy more choc. in recessions, as they move towards smaller treats.

[stewart64] 30/3/2017 06:38

Indeed if you can find another half dozen fourteen times p/e companies yielding 4% with consistant growth and falling debt within the FTSE 350 you will be lucky with bonds yielding 1%.

[speedsgh] 30/3/2017 06:37

Saga’s unique business continues to deliver, says Hargreaves -

The focus of over-50s group Saga (SAGA) on car insurance and holidays is working well for the brand, which has grown its dividend 18% year-on-year.

Hargreaves Lansdown analyst Nicholas Hyett said the group’s strategy revolves around ‘using the strength of its holiday brand to sell a variety of more mundane products to its over-50s client base’ and the unique mix has seen profits before tax increase 5.6% to £1.9 billion in the 12 months to 31 January.

The final dividend is set at 5.8p, taking the full payment to 8.5p – an 18% increase on last year. The shares were trading down 1.7%, or 3p, at 206p at the time of writing.

The strength of the company is partly to do with outsourcing of underwriting, said Hyett.

‘Historically Saga underwrote its own insurance contracts, taking advantage of the lower risk profile of more mature customers. However its increasingly funnelling customers through to a panel of independent underwriters who compete to offer the best price, keeping only the lowest risk customers for itself,’ he said.

‘It looks like that shift is paying off.’

[stewart64] 30/3/2017 06:29

A lot of shareholders complaining about pedestrian growth etc. Not sure what they or the Market expects. This is not a pie in the sky 60 times earnings 1% yielder that needs rapid growth to justify valuation. Results look great, stock oversold yesterday. Crucially debt going the right way.