Saga Share Discussion Threads

[chris79] 06/12/2017 10:16

If a mailshot ad was £10 million you would think it would be to every household in the UK!

[tsmith2] 06/12/2017 09:34

EdmondJ - I don't a mailshot advert would cost £10mn.

[yump] 06/12/2017 09:29

Its £10mln in 'customer acquisition', which is very different from 'investing in price' and those sort of weasel words.

If they've got the infrastructure and the model sorted, then its just scaling up customer numbers. Online ads. PPC etc. No point in doing those until you're happy with your proposition, customer route etc.

I'll take that at face value and if it works with an acceptable margin, then profits will rise.

[edmondj] 06/12/2017 09:22

Depends what is the realistic dividend outlook i.e. if trimmed to about 7p in due course then it's a 5% yield at 140p - some may see as the minimum yield for the risks, given a jolt to the narrative/forecasts. This talk about £10 million being spent in investing in new customers is a bit 'weasel word', what's the 'investment' required just to maintain them in competitive markets? Quite the same as Morrison-speak (in the past) about "investing in customer proposition" with price cuts. Presumably here it means yet more mailshots with first-year discounts if you switch policy to SAGA.

On a cautious view also: is this CEO up to the task for SAGA's challenges and in a tougher environment? A first surprise profit warning; versus the adage they rarely come singly.

Could be priced in though.

[yump] 06/12/2017 09:15

Seems a bit overdone, but probably reflects drop in p/e added to drop in earnings. I guess the jury will be out on the subject of growth for a year or so now though, as they were growing by a few percent and now they're forecast to decrease. They couldn't help Monarch of course. £10mln of ongoing costs taken out should help.

Had an odd experience on motor insurance. They sent me some stuff as was insured through them 2 year ago. Price was pretty good. Left it a week and instead of £340 it had gone up to £540 !! Got £350 RAC. I don't get it - they need to get that sorted, because all other quotes I got did not suddenly change by that much, over whatever time period I used.

These income shares are not much use any more are they ? INTU becoming part of HMSO - both sp's dropping.

I'm moving some to FTSE 250 and see how that does. At least the chance of growth there.

[wllmherk] 06/12/2017 09:14

I agree tsmith, bought a few this morning, 140p with costs. Seems a share to tuck away and forget about.

wllm

[tsmith2] 06/12/2017 09:10

Seems like an over reaction given dividend policy being made and what looks like a kitchen sink job

[tsmith2] 06/12/2017 09:08

Any revised figures floating about?

[bend1pa] 06/12/2017 08:57

Wow. Big crash today. Lance Batchelor still trying to make excuses. Wrong man very much in the wrong job. Needs to be fired and someone with more business acumen to replace him.

[stewart64] 23/11/2017 18:27

Got to say those two cruiseliners under construction bother me...literally flag shipping.

Tbf I don't really know what I'm talking about, but actually that's a concern with Saga trying to understand it. Is it too stupid to suggest the Marine equivalent of Motorpoint..you know buy a couple a year old that have lost 70% of their value. Again clueless on the depreciation of these beasts...may be overstating things.

[bend1pa] 22/11/2017 17:46

Div is not well covered. I suggested last May (629) that this share would fall sub 190 within a few months (it was 210 at the time). I still don't think we're quite at the bottom yet but a buy in the mid/low 170s should be profitable. Best to treat this purely as an income stock. These will under-perform IMO as long as Lance Batchelor remains CEO. They need someone with a bit more dynamism who doesn't waffle in management-speak.

[dolores123] 22/11/2017 16:27

And don't forget the well covered near 5% divi.

[its the oxman] 22/11/2017 11:45

Looking at the trading range the last few years now is the time to buy.

[stewart64] 06/11/2017 11:42

Bit of a slow mo car crash innit. Let's hope their two cruiseliners can save a sinking ship....The Titanic and Olympic.

Heck sticking with it anyway.

[its the oxman] 06/11/2017 09:12

Similar feeling, only a small holding and failing to perform, should probably sell and move on I guess.

[stewart64] 01/11/2017 09:18

Saga is the pnly share I hold that has failed to respond to the recent stock market uptrend. Granted there was an ex div in there. I guess that is either troubling or an opportunity if you are a contrarian.

[1olddog] 19/10/2017 17:59

Re gutterhead: Interesting how some of these “safe boring” shares are good for trading with little downside risk.

[gutterhead] 06/10/2017 09:57

Is in range of 185-210 ever since iPo launch
Easy to dip in and out of for a quick turn
Bought this morning, will sell at 200p
Very predictable.

[stewart64] 05/10/2017 10:05

Well normal service resumed last few days....down.

[yump] 01/10/2017 17:36

If there's going to be any concerted buying that can actually shift the price upwards significantly, wouldn't expect it to happen quickly. Funds etc. take a while to look over results and make those decisions.

[stewart64] 30/9/2017 11:42

Well that was an unexpected Get Out of Jail Free card for me on my Saga holdings. Any ideas about yesterday's rally?

[stewart64] 22/9/2017 16:39

Well the Market was fairly neutral though the press seemed to like the results. Also a lot of excitement about their two cruise liners in construction, the Spirit of Adventure and the Spirit of (can't remember). I do know the names of the Olympic and Titanic that sank the shares of another company a few years back.

[stewart64] 22/9/2017 08:57

Bit of a mixed bag unadjusted profit down 6%, underlying profit up...interim div up to 3p or 11%. Debt down.

[its the oxman] 22/9/2017 08:38

Look a decent enough set of results with div up nicely and outlook ok.

[stewart64] 21/9/2017 20:33

Shares could go anywhere tomorrow. We know the Market is very hard on Saga....annuals 6 months ago were good but the Market punished the price. I guess we are starting out at 1.96 this time as opposed to 2.10.