Saga Share Discussion Threads

[stewart64] 04/4/2019 12:14

First day traders' bounce unwinding. Another chance at close to intraday low for the brave hearted? Meanwhile anybody that traded bounce one and got it right probably made a shed load.

[sharebuddy1] 04/4/2019 12:05

When you look at the results published today and compare them to the trading update of January 2019, is this the same company? Absolutely staggered that a company can get away with this.

[woodsman2004] 04/4/2019 11:07

Not really that baffling - they are basically admitting that most of their strategy was wrong.

With a large proportion of investors in for the income rather than growth potential, then slashing the dividend is going to.....slash the share price!

[careful] 04/4/2019 11:04

rebased yield at 71p is 5.5%
pe based on underlying. 5.5

balance sheet needs studying but cash flow looks ok as before.
goodwill write down caused the damage, need understanding.

But must be worth a punt at todays price.

According to Skinny post above.
UBS target 150p
Peel hunt. 180p

Baffling.

[ignoble] 04/4/2019 10:18

Renewed Motor Insce with Saga .

Not quite the cheapest but very competitive.

Customer Service always good and happy to pay a little extra for that !

Only slight annoyance is that when you phone, always trying to flog their Home Insurance. Still , they have a job to do and if the price is right , I would switch

[skinny] 04/4/2019 09:58

UBS Buy 72.81 150.00 Unchanged

Peel Hunt Buy 72.81 180.00 Reiterates

[stewart64] 04/4/2019 09:51

Day traders having a first run on this. Will be interesting to see how far up they take it on wave one. Rain man like timing there careful.

[woodsman2004] 04/4/2019 09:35

Moral of the story is of course never buy in an IPO when private equity is selling!

Shame really as with a massively aging population, there must be lots of opportunities to leverage a trusted brand for a wide range of products & services.

Right now, I could do with some Saga own-label Prozac!

[sunnybeachboy] 04/4/2019 09:27

Taken a few

[stewart64] 04/4/2019 09:19

I too fell for the aging demographic thing and lost a fair bit back in 2017. Neither department looks profitable. Saga tried to push £200 home insurance onto me, i just went to comparethemarket, came in at £130, they had to match it. The cruise liners looked indulgent to me too. Literally flag shipping, but they are probably the Olympia and Titantic in terms of a financial drain. The amortisation must be just shocking on these. Why not just buy a couple in the second market at a quarter of the cost.

[holts] 04/4/2019 09:04

You can add some Aviva board members to the emotive Jailing call if you like for the disruption to the pref share market , that cost them dearly in cash terms and the rest of us dearly as prices barely recovered .

[g2theary] 04/4/2019 09:02

Way over sold! Sale is on

[buywell2] 04/4/2019 09:01

OK skinny ... I don't like Banks or Insurance stocks so I'll take that back re LGEN


Give me good quality small caps anytime

[skinny] 04/4/2019 09:00

Having been with them (SAGA) for my car insurance @5 years ago, I renewed with them this year as they gave the best quote - my then provider - Aviva wouldn't move to match it in any shape or form.

[woodsman2004] 04/4/2019 08:57

The original reasons for investment remain the same:

1) strong brand
2) aging population
3) ability to cross sell
4) cruise product

My error was to underestimate just how dependent Saga is/was on insurance revenues and how cut throat this business is now that even little old ladies have woken up to price comparison websites etc.

Alas, with the current dividend likely to be the new norm, I think we are looking at holding for 5 years or so before lost ground is recovered.

Frankly if I need to park some losses for CGT, then I will as I suspect there will be plenty of opportunities to go back in.

[spob] 04/4/2019 08:56

you could buy LGEN for just 20p in 2008-2009

[this_time_its_different] 04/4/2019 08:43

Not harsh, clearly not doing their job properly. Either sack them or jail them. I have no position in Saga, but do own shares of LGEN and AVIVA.

[topvest] 04/4/2019 08:37

LOL - that's a bit harsh. No doubt they are trying their best. Saga have just lost some of their competitive edge. That's capitalism.

[this_time_its_different] 04/4/2019 08:36

BOD should be jailed.