Saga Share Discussion Threads

[boraki] 14/6/2019 15:27

Exactly,,,, these are crazy times

[justiceforthemany] 14/6/2019 15:24

Laughable that the FCA are showing no short position. >8% down in a day on what new news exactly?

[diku] 14/6/2019 15:11

Anybody remember another Cruise company called All Leisure (I think)?...

[spob] 14/6/2019 15:09

likely to go from the ftse 250

[diku] 14/6/2019 14:58

Is this been kicked out of FTSE 350 or 450?...or out of the FTSE all share index?...bung it in the AIM...

[boraki] 14/6/2019 14:52

Just when you think it can't get any worse,,, a new low comes

36.32p

Pathetic times

36.16p

[sunnybeachboy] 14/6/2019 14:48

Derampers are working overtime.

[buywell3] 14/6/2019 14:46

Bargepole

Only for idiots

[diku] 14/6/2019 14:46

When the share price around 130p I kept on telling you guys this company needs to be split up or get taken over...also it is listed in no mans land sector...

[yump] 14/6/2019 14:46

I think shareholders probably say the same thing every time any bonuses or incentives are handed out when a share price has tanked. The funds will express 'disquiet' and 'reservations', some pi's will ask 'measured' questions and raise 'concern's and the odd one will stand up, have a right bloody go and be escorted out.

[buywell3] 14/6/2019 14:43

Paying any dividend with a chart like this is plain stupid

[american idiot] 14/6/2019 14:43

Think I read somewhere that Spirit of Discovery is 64% forward sold for the year ahead. (I could be wrong on that though)

[diku] 14/6/2019 14:41

Any chance of cross checking what the shareholders said?...



"The Committee is very grateful for the engagement and feedback received from shareholders"

[yump] 14/6/2019 14:39

What about Direct Line ? "you won't find us on comparison sites" etc. Not sure that is the answer. Rubbish management more likely ?

This makes me feel sick as its the same thing spouted out, even when there are shareholders demonstrating outside the AGM's :

"The Committee is very grateful for the engagement and feedback received from shareholders"

They'd be saying that even if their cars were set on fire.

Disclaimer:
The last comment is by no means any sort of encouragement to indulge in civil unrest or destructive or aggressive behaviour towards anyone associated with the remuneration committee. It is a quip, a bit of satire or sarcasm.

ffs

[diku] 14/6/2019 14:39

Sack the entire board without pay...

[dr biotech] 14/6/2019 14:34

Key issue here may be the forward selling of berths on the new ships. Getting the customer experience right during the first few weeks will be key. Still not holding any though, waiting for 3 days without falls.

Does seem cheap on most metrics though debt has always been an issue. Thats what happens when private equity sells, load the company with debt and its the next owners problem.

[american idiot] 14/6/2019 14:32

Erogenous Jones,

I fully agree with you. Excellent post and thank you for that.

[spob] 14/6/2019 14:32

As each day passes, more and more over 50's are becoming internet savvy and using comparison sites (or their kids are showing them how)

That's more and more over 50's that can no longer be ripped off

resulting in lower and lower insurance profits for Saga

[edmondj] 14/6/2019 14:25

Can someone please explain how the insurance broking side can improve when rivals appear mostly all to have moved already to multi-year fixed price renewals (partly due to regulatory pressure) also various pay-as-you-go add-on's to basic policies, Saga claims is its distinctive bespoke approach to re-connect with its 'heritage'. Otherwise, shareholders' tolerating lower profits in years ahead due to such investment, is merely for the group to stand still competitively.

I suggest is a pertinent question for the AGM.

[american idiot] 14/6/2019 14:24

Yeah, I understand that Spob and good on you for weighing up every risk out there in such uncertain times. I'm more concerned at what others are seeing that I cannot see.

31 January 2018 - £190.6m PBT
31 January 2019 - £180.3m PBT

and now £105m - £120m PBT expected in the current financial year.

That is one hell of an almighty fall in profits but I took that as like a kitchen sink job when Saga is exiting various low margin revenue streams (Trying to entice customers direct to Saga rather than through price comparison websites for example) and also increasing spending on advertising & investment throughout the entire business.

I guess theres execution risk that their new strategy might not pay off in which the shareholders would be under real pressure.

I just cannot see a furthur warning next week and if there is one so soon after ratcheting down the numbers so heavily only 2 months ago then alarm bells would definately be ringing.

[sunnybeachboy] 14/6/2019 14:21

Need this desperate seller to clear off then this will rise. Does woodford own any SAGA.