Saga Share Discussion Threads

[yump] 19/10/2018 13:09

I'm not bothered. If they offer a good deal I'll take it whatever age I am, especially as long as their phone lines are manned by people where I don't have to put in a lot of effort just understanding what on earth they are saying.

Personally I wouldn't be seen dead on any cruise, SAGA or not, but there's plenty of 50 year olds on them.

[bladerunna62] 19/10/2018 12:30

It sounds like the 18-30 club holidays. Even 18-30 year olds hated that type of labelling eventually.

[bladerunna62] 19/10/2018 12:28

The problem with SAGA is that is an ageist brand. 50 is the new 40 and so on and so forth. I am 56 and if I signed up to SAGA for anything it would make me think I was 70 and over the hill. People are now working till their 70.

[toonmag50] 19/10/2018 09:04

A lot of chuntering here, about not much.
It looks like everyone has forgotten about the share price is 30% below the IPO.
A household name who it appears has taken advantage of its trusting client base...

[vb6] 19/10/2018 08:49

Found the link to ex div dates now on the Quotes tab on the mobile app.Must try harder.Yoursvb6

[vb6] 19/10/2018 08:45

I use the mobile app and financials is not there. I'll have to revert to the website again.Thanks Yoursvb6

[ignoble] 19/10/2018 08:35

Was reading an article last evening from the Stair Lift Industry.
Kind of went that as people are living longer so the demand for Stair Lifts continues tom increase.

Folk living longer , should not do Saga any harm.

I use Saga for Motor Insurance and as was stated , I use because their Customer Service is so ruddy good.
Maybe I would find a cheaper quote but I am more than happy to pay a premium for that service

[nav_mike] 19/10/2018 07:33

Useful site for that kind of thing

[dr biotech] 19/10/2018 07:30

Click on financials from the top menu bar...

[vb6] 19/10/2018 06:35

It's a pity there is nowhere on advfn showing ex div dates. Or am I missing something?Yoursvb6

[nav_mike] 18/10/2018 18:55

Maximus

Saga went xd today by 3p so actually only down 0.2p today

Also Standard Life seem to be actively increasing their stake atm

[maximus57] 18/10/2018 15:39

Good article countless. Id agree, age range of over 50s with plenty of disposable income ,like good service and remain loyal to a brand that offers this plus value for money. Not inclined to jump about if happy with existing provider

[countless] 18/10/2018 14:35

Thought I aticle from Money Week 12 Otcober issue. Matthew Partride is their senior writer -have to say I am a fan!

Saga, the travel and insurance brand, will profit from an ageing population, says Matthew Partridge.

Ayear ago this month Monarch Airlines collapsed. This was bad news for Saga (LSE: SAGA), the travel and insurance group, as many of its travel packages involved flights with the stricken airline. By December it was forced to admit Monarch’s demise, along with tougher market conditions, had hit profits, causing it to undershoot expectations by a large margin. The shares promptly plunged by a third to 125p, and by late March had slipped to 110p. Since then the stock has rallied but it remains 30% below last October’s level.
But the long-term outlook remains encouraging. One of the big factors in Saga’s favour is demographics. Its business model is based on selling to affluent people over 50. Thanks to increasing life expectancy, the numbers of over-50s is on the rise. At the same time, older consumers are more active and adventurous than ever. Not only does Saga’s illustrious brand make it hard for competitors to gain market share, but it also helps the group-sell related products.
Drumming up new business
Indeed, nearly half its customers now buy more than one of its offerings, with the average customer holding 1.7 products. Increasing this amount through various promotions is key to Saga’s growth strategy. For example, over the past 18 months it has launched the Possibilities membership scheme, which aims to offers policyholders and customers discounts on a wide range of external services and products. So far this scheme seems successful, as more than 850,000 people have signed up for it. This has encouraged it to launch Travel Possibilities, a related scheme focusing on travel-related promotions. The core of its business is related to insurance, primarily motor, home and travel insurance. While this mainly involves acting as a broker between individuals and insurance firms, Saga also engages in some underwriting (older drivers tend to be low-risk as they drive more cautiously).
However, the most interesting segment of the business is its travel arm, where it’s expanding its potentially lucrative cruise market. Indeed, demand has been so high it has been able to commission several new ships from scratch, with The Spirit of Discovery due to start sailing next summer and The Spirit of Adventure set to follow in 2020. While the company has taken on additional debt to finance the cost of these vessels, the increased cash flow should allow it to start paying down this debt, strengthening the balance sheet. Saga’s valuation also looks attractive on a Q1 2019 price-earnings ratio of just 10.4. This is significantly less than other travel and insurance companies. It also has a very good yield of 7%. Overall, I’d suggest that you buy it at the current price of 137 with IG Index at £15 per 1p. You should put the stop loss at 102p. This would give you a total downside of £525.

[maximus57] 15/10/2018 09:39

Seems to be a bit of downward pressure here, hopefully only a temporary blip. Without the unneeded hype of a takeover, still an excellent company with good going forward prospects. IMHO

[diku] 08/10/2018 09:02

Any chance of a cheeky bid at 180p?...

[diku] 06/10/2018 08:49

Somebody read my post & it spiked up!!...

[diku] 05/10/2018 09:37

Recent good trading update makes Saga a possible takeover target...takeover rumour would do the trick to 150p quickly...

[gutterhead] 02/10/2018 18:12

Holts, I suggested, their system doesn't allow it, I went elsewhere

[nav_mike] 02/10/2018 16:45

Strong closing auction and a delayed trade of 665,000 @ 134.83...has to be a buy at that level

[dr biotech] 02/10/2018 10:31

Investec have a note out on insurers with saga being one of the least worst. Not hugely positive, but given I have a lot of financials that are otherwise under the cosh I’ll take it.

[maximus57] 02/10/2018 09:29

Nice wee tick up here. Could be a bit of momentum gathering. This has been languishing too low for too long. Its got a great customer base with a loyal following .

[nav_mike] 02/10/2018 09:24

139 intraday needs to be taken out first, then we are back into areas not seen since the profit warning in December 17

Ultimately theres a huge chart gap up to 180 that needs filling :)

[nav_mike] 02/10/2018 09:16

Thought there might be a buy rec out there somewhere causing the sharp upmove but cant find anything

[imastu pidgitaswell] 02/10/2018 09:13

Until resistance about here. But followed by another 5 month drift? Hopefully not.

When they made the announcement that led to the fall from 180-odd, it looked (to me) that it would take another couple of steady, actually boring, updates before upwards movement back to 180 occurred. I personally make that two, but we will see.

[nick rubens] 02/10/2018 09:01

Strong move up today.