Saga Share Discussion Threads

[3rd eye] 20/4/2018 09:42

SAGA Saga Ltd making a recovery here from a very firm base. The technicalls point to a very quick recovery to former highs as resistance above is very weak. Cruises are the New Hip thing here pushing growth. P/E going forward 9.7, cheap imo.

[tonybaloni] 17/4/2018 16:51

Nice to see AA in recovery

[tonybaloni] 17/4/2018 13:28

Oops - Batchelors

[tonybaloni] 17/4/2018 13:23

The Natchelots were just using this years £20k ISA allowance, could have bought at 115p if they had pulled their fingers out and bought before results (if that's allowed ?).

[stever705] 17/4/2018 12:25

This news might help - Over-50s products firm Saga PLC said Monday its Chief Executive Officer Lance Batchelor and a person closely associated with him acquired shares...

[tonybaloni] 17/4/2018 11:52

Keeps trying to crack 128p but runs out of steam every time. . . .

[mwaters74] 16/4/2018 07:08

Why Saga's 7% dividend yield could be the buy of the decadehttps://uk.finance.yahoo.com/news/why-saga-7-dividend-yield-110055712.html

[diku] 15/4/2018 21:51

Potential for this outfit to be taken out...split the business model..

[toby tots] 15/4/2018 20:50

Tipped in MIDAS today!

[toonmag50] 13/4/2018 08:06

Pigs yet to fly

[diku] 13/4/2018 08:02

If company says there are brighter signs ahead...then surely somebody will be looking in here for a opportunistic bid whilst share price is much lower than IPO price...

[mwaters74] 13/4/2018 07:39

Should you buy Saga after today's share price rise? https://uk.finance.yahoo.com/news/buy-neil-woodford-stock-saga-130030486.html

[justiceforthemany] 12/4/2018 17:58

P/E under 9 and a yield over 7% covered 1.5x means the share price is the big anomaly here.

[holts] 12/4/2018 12:51

Muted reaction

[spob] 12/4/2018 08:50

Just a bit annoyed this didn't get down to 100p

I wanted to double my holding

[dr biotech] 12/4/2018 08:48

Back up to my buy in price. Hopefully onwards from here...

[f1araway] 12/4/2018 08:47

I'm getting dizzy!

[justiceforthemany] 12/4/2018 08:04

Up 5% five minutes in.

[justiceforthemany] 12/4/2018 07:57

FINANCIAL TIMES
Saga sees brighter signs after ugly end to 2017
‘Early signs are promising’

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Saga, provider of insurance and travel products to the over-50s, appears to be turning its fortunes around after a grim end to last year.

Shares were hammered in December after the FTSE 250 company warned that the collapse of Monarch Airlines and a “challenging trading environment” left it exposed. It followed up in January with a rejig of senior management in an effort to become “more focused”.

On Thursday, CEO Lance Batchelor acknowledged that the past few months have been “challenging”. Pre-tax profits fell by 7.6 per cent in the year ending in January, to £178.7m.

However, that was dragged down in part by efforts to refinance, cut costs, and cover hits from derivatives contracts. On its alternative underlying measure, profits rose 1.4 per cent to £190m. Contrary to fears among some investors, it has raised, not cut, its proposed dividend, to 9p per share from 8.5p.

[justiceforthemany] 12/4/2018 07:56

6p Final Dividend.
Ex-Div 14th May

[holts] 12/4/2018 07:40

Net debt reduction , improved divi , cashflow capable of maintaining comfortably , derivative losses irritating .

[justiceforthemany] 12/4/2018 07:28

Dividend increased to 9p. Nothing wrong in the results. This should be trading closer to 200p.