Saga Share Discussion Threads

[oakville] 06/12/2017 18:41

Rubbish. Move on clueless.

[toonmag50] 06/12/2017 17:57

One dead dog .

[baticle] 06/12/2017 16:41

This is the question ? It's a very diverse business and hard to put a rule of thumb valuation on it. The market struggles with valuation of such companies, a few to mention under my Belt, John Menzies ....Aviation, distribution ( Services or Logistics) Victoria Oil, (Oil & Gas exploration or Utility Company)
The Dividend Yield of 6% is attractive and if they can keep turning a reasonable profit then it bodes well, although this year they'll be few million short of their targets but should still make a decent wedge.

[yump] 06/12/2017 16:29

Well from memory these sudden drops are called earthquakes and are different from the gradual demise of a share price, in that quite often the drop is recovered quite fast, because the business suffered a one-off shock.

Depends on what caused it and here its a combination of things, over which management had little control. Which means they could improve and the Monarch is indeed a one-off.

What's a fair rating though ?

It is a profit warning though - they were going to grow a bit this year, now they're not. Hopefully not a profit warning as we know it though ie. just the one please.

[baticle] 06/12/2017 16:15

Profit Warning ? It looks more of a cautionary Statement. The monarch airlines collapse will have cost them a few quid...but it's a one off. I bought the minimum amount of shares at flotation to diversify my portfolio and I've added today, With a plus 6% yield, two Cruise ships to come on stream to further enhance profits going forward it is looking good to buy.

[justiceforthemany] 06/12/2017 16:09

Massively oversold. All time low share price A 1-2% profits miss does not equal a drop of 25% !!

[oakville] 06/12/2017 15:49

These look silly cheap at these prices. All time low on a PE of 9. Somebody has their sums wrong worth 1.80 at very worst !

[bookbroker] 06/12/2017 15:11

It’s not the product idiots, it’s the brand, synonymous with a rapidly aging population!

[f1araway] 06/12/2017 14:46

Saga provides insurance for their holidaymakers. Anyone know the upper age limit on this?

[hvs] 06/12/2017 14:30

Where is the IDIOTS ?????

[hvs] 06/12/2017 13:55

Lol !!!!

LOl !!!!!

newly middle-aged might associate Saga with the elderly which could make it difficult for them to find customers from the next IDIOTs.

[hvs] 06/12/2017 13:52

I wonder if they will cut the div though

You best tell em to then.

[srpactive] 06/12/2017 13:41

Due to people living longer instead of targeting 50 - 75,
maybe 60 - 85yrs might be better.

[riverman77] 06/12/2017 13:32

Not necessarily, but I suspect a lot of the newly middle-aged might associate Saga with the elderly which could make it difficult for them to find customers from the next generation. Admittedly this is more of a longer term issue and shouldn't affect the company in the near term.

[bend1pa] 06/12/2017 13:28

"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..."

I wonder if they will cut the div though, having only hiked it last March by 18%. Management will look even more stupid then if they do cut. I don't think the results will be that disastrous, and the market seems to have over-reacted somewhat. But the BoD come across as a sea of mediocrity, and SAGA is one of those shares that the market just loves to hate. So any disappointing news, even if on a minor scale is going to punish these shares a lot harder than a more popular company with a similar forecast fall in profits.

[hvs] 06/12/2017 13:02

So will they all be going canoeing then ?

[hvs] 06/12/2017 13:02

So will they all be going canoeing then ?

[riverman77] 06/12/2017 12:56

I think there is a fair bit of stigma associated with the Saga brand. While it may have a loyal following among a certain demographic, I think the up and coming over 50s will be less keen to buy their products. So on a long term view this doesn't look a particularly attractive proposition.

[hvs] 06/12/2017 12:49

lol !!!!

lol !!!!!!

Stay in there you codgers, Cause there is money to be made.

[tsmith2] 06/12/2017 12:21

EdmondJ - you long, short or neither?

[edmondj] 06/12/2017 12:16

When it floated there was a tension between the sense of a 'well-off older people's marketing group' poised to capitalise, and a mainly insurance group exposed to competition. Would appear that after a testing period as a listed operation the story is presently tilting to the latter. Broker comment (mainly historic bulls) on Alphaville:

[a1samu] 06/12/2017 11:53

I will definitely need to use my bus pass now, after incurring substantial losses from my original purchase at the time of the initial offer.

Even the 10% bonus shares given me, are of no help. I just hope that some proper insurance conglomerate will now buy this company, break them up and allow proper business managers to put them out of their misery.

[edmondj] 06/12/2017 10:18

It's the overall cost/context of what follows; which certainly in my situation involves continuous mailshots trying to get me to switch motor/home insurance to SAGA, with promises to beat existing policies by at least £50 (or get cash refund to this amount). So if they are going to talk of expanding customer acquisition it needs substantiating what is involved; and to assess value one also needs to know the attrition rate i.e. what extent of 'investment' may be needed just to stand still.