Saga Share Discussion Threads

[netcurtains] 22/1/2021 10:18

The figures I'm posting are just for UK but this is happening right around the world!
SAGA post covid are in the most booming business sector there is.
This POTENTIALLY is about as cheap as we will ever get into this sector.

The "massive" wealth of the old and home ownership
6.5 million households in England are headed by someone aged 65 and over; equating to
around one-third of all households (ONS, 2018j).
• 78% of households headed by someone aged 65+ are owned. Of these older adult
homeowners, just 6% are still paying a mortgage (Airey, 2018).
• 16% of households headed by someone aged 65 or over socially rent, while 6% privately rent
(Airey, 2018).
• 64% of outright owner households are headed by a person aged 65+ (MHCLG, 2019).
• 27% of households in the social rented sector are headed by a person aged 65 or over
(MHCLG, 2019).
• 88% of the growth in the number of households between 2016 and 2041 is projected to be in
households headed by someone aged 65+ (ONS, 2018j).
Last updated May 2019
• The number of households headed by someone aged 65+ is projected to increase by 54% by
2041, which will bring the total number of households headed by someone aged 65+ to almost
10 million, whereas the number of households headed by someone under 65 is projected to
grow by just 3% (ONS, 2018j)

[netcurtains] 22/1/2021 10:17

There are nearly 12 million (11,989,322) people aged 65 and above in the UK of which:
o 5.4 million people are aged 75+,
o 1.6 million are aged 85+,
o Over 500,000 people are 90+ (579,776)
o 14,430 are centenarians (ONS, 2018f, 2018e).
• The number of centenarians living in the UK has increased 85% in the past 15 years (ONS,
2018f).
• By 2030 it is anticipated there will be over 21,000 centenarians (ONS, 2017b).
• In 50 years there are projected to be an additional 8.6 million people aged 65 years and
over – a population roughly equivalent to the size of London (ONS, 2018k).
• By 2030, one in five people in the UK (21.8%) will be aged 65 or over, 6.8% will be aged 75+
and 3.2% will be aged 85+ (ONS, 2017b).
• The 85+ age group is the fastest growing and is set to double to 3.2 million by mid-2041 and
treble by 2066 (5.1 million; 7% of the UK population) (ONS, 2018k).

[snorkelparker] 22/1/2021 10:16

that's an awful lot of cash required to get to September

[glavey] 22/1/2021 10:11

Careful, The pax aren't cancelling so as not to loose their place in the queue.

[netcurtains] 22/1/2021 10:10

Each year there are more and more elderly people.
The SAGA market is expanding faster than any other market in the UK

Currently SAGA is really cheap thanks to Covid19. Its not always going
to be this cheap.

How many other markets post covid19 will be growing as fast as the SAGA market?
Every year for the next ten years more and more Boomers will be retiring.

Car insurance tailored for the elderly?
House insurance tailored for the elderly?
Holidays tailored for the elderly?

Its a market that is only going to get bigger and bigger - not just in the UK but globally
for a long long long long time

[glavey] 22/1/2021 10:09

Ken, they are cruise ships. You need a freight ship for lemmings and mushrooms.

[careful] 22/1/2021 10:07

The trouble with the optimism about bookings is that the cruise operators have had to guarantee ease of cancellation.
This reassures customers and in effect gives them a no cost cancellation option on booking a cruise.

Not the same as being fully booked at all, bookings that can be cancelled at zero cost.

[castleford tiger] 22/1/2021 10:07

spain closed till September !!

[antonagis] 22/1/2021 10:06

KEN CHEUNG - which hedge fund do you work for???? Clicking on the user name is hilarious. Looks like he has 5-10 scripted posts which are used over and over every day for various stocks he’d like to short. only appears when stocks have a spike down and then disappears. Just a little advice, TRY NOT TO MAKE YOURSELF SO OBVIOUS

[netcurtains] 22/1/2021 10:06

From saga's corporate website new growth areas for the Saga brand:

[riverdiver] 22/1/2021 10:06

'They have never been able to stop Norovirus on cruise ships' There isn't a vaccine to prevent norovirus.

[netcurtains] 22/1/2021 10:04

From Saga's own web site:
The Insurance business is the largest part of the Saga Group.

[ken chung] 22/1/2021 10:01

They have never been able to stop Norovirus on cruise ships, let alone Corona virus which spreads even more easily.Lemmings and mushrooms only.

[cleverinvester] 22/1/2021 10:01

-10 percent here we come.By results back to.2.50

[cleverinvester] 22/1/2021 10:00

Netcurtins: Your forgetting they still have up keep on the sinking ships they have.

[glavey] 22/1/2021 10:00

Net, just now they aren't doing too many holidays...

[cleverinvester] 22/1/2021 09:59

The phizer vaccine only 33 percent effective on the elderly.No way will any sailings happen till September at the earliest, At that stage they might as well wait till 2022.Back to 2.50 we go.

[glavey] 22/1/2021 09:57

"I wouldn't want to be aboard a plague ship."

That's why Saga are making vaccination and testing mandatory.

[netcurtains] 22/1/2021 09:57

Currently Saga's PE is about 2!!!!!!!!!!!!!!!!!!!!!

(assuming normal years profits are about £180m)

This on the face of it is very cheap for what is basically an insurance company.

[netcurtains] 22/1/2021 09:55

Cleverinvestor: I thought Saga's main business was insurance not ships...
Can someone give be the split please?

[grahamnash] 22/1/2021 09:55

Point taken, Tewks - and you're right. But in my Eeaw moments I worry about the effect on the market of just one case of covid in any cruise ship. Currently thinking I might hold SAGA into the spring and then (hopefully) take profits before the ships sail.

[cleverinvester] 22/1/2021 09:54

Absolutely who's going to board a ship the plague on it.

[netcurtains] 22/1/2021 09:52

Also What percentage of Saga's business is Insurance and what percentage holidays?

[antonagis] 22/1/2021 09:52

So the facts.. Saga up 60p up since last Monday yet several idiots led by the world champion keyboard jockey all out of the woodwork on today’s drop of 20p+ which I predicted yesterday. So what? Lots of stocks getting pummelled today. If it had risen 1p a day every day since last Monday instead of big spikes we’d only be at £2.40 and all but one of these idiots would remain simply because he’s a stupidinvestor. Some People are so fickle

[netcurtains] 22/1/2021 09:51

I got a "Saga Essential building and contents" insurance offer through the post.
Do I have to be over 50 to get it or is it available to anyone?