Share Name Share Symbol Market Type Share ISIN Share Description
Saga Plc LSE:SAGA London Ordinary Share GB00BLT1Y088 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.28 -2.6% 48.00 47.92 48.04 52.70 47.76 50.45 6,190,619 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 841.5 -162.0 -14.5 - 539

Saga Share Discussion Threads

Showing 2226 to 2245 of 3575 messages
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DateSubjectAuthorDiscuss
14/6/2019
12:30
New low again 37.02p Crazy times
boraki
14/6/2019
11:28
Buy/sell breakdowns are unreliable - at least as to overall price trend - e.g. twice buys as sells again today, albeit down 4.8%.
edmondj
14/6/2019
06:54
Yesterday volume Sells 1.4mBuys 3.7m
sunnybeachboy
13/6/2019
20:51
Trouble is this was built up (I think) by a very clever entrepreneur and is then handed over to a cautious CEO and board who’s job it is to preserve value and steadily grow eps/value. What it appeared to need was a continuance of the spirit that got it to where it was ie great customer service, investment in the brand etc. I’ve just bought some but I’m a bit cautious. If the cashflows really get tonked then the debt starts to hurt. But somehow feel it can recover it’s way but needs a really good CEO.
andycapp1
13/6/2019
18:59
Nice 2.5p rise of the 52 week low. Today felt a little bit different. Onward and upwards longs.
sunnybeachboy
13/6/2019
17:47
Quite the crux, for insurance broking at least, is whether find words of "returning to our heritage... to offer a differentiated insurance product on the basis of unique and attractive features" adds up to competitive advantage. The pitch for 3 year, fixed-price plans is already visible, if hard to see what the "great features" really distinguish Saga for, versus rivals with similar bells attached if you choose your add-ons as desired: www.saga.co.uk/insurance/car-insurance www.saga.co.uk/insurance/home-insurance Customer reviews are e.g. "Great" of the services overall, with the usual spread of enthusiasm among those who have just had good customer service taking out a policy, to some grumpy when the insurer resists their claims - quite how reflective this is of the overall customers' experience: www.uk.trustpilot.com/review/www.saga.co.uk
edmondj
13/6/2019
16:30
Justice, and suggest you do yours! "...action is being taken now to retain the Group's financial strength and flexibility. ... The Group is now targeting a payout ratio of around 50% of earnings over the next few years." And there's no mention of it being based on projected earnings!
glavey
13/6/2019
16:22
AGM and Trading Update on Wednesday should be interesting. Will the bears let this rise for more than 24hrs?! edmondj - future dividend will be 50% of projected annual earnings [7.6p-8.7p] - do your research properly
justiceforthemany
13/6/2019
16:08
LB didn't foresee the collapse of Monarch affecting the business until it did - then he said business as normal until a few weeks later he issued the profits warning. Totally useless for what he was paid. Having its customer base lose money in the IPO isn't great for business either, although having said that it doesn't bother me to use services from companies I have lost money with - and there are plenty. I have an eye on these - I think the fall is overdone, but wait for 3 consecutive days of not falling before getting in. Won't find the bottom, but less chance of catching the falling knife.
dr biotech
13/6/2019
15:37
Closed 39.72p
sunnybeachboy
13/6/2019
15:33
Proposed full year dividend reduced to 4.0p *with expected future payout of approximately 50%*
edmondj
13/6/2019
15:32
American, I seem to recall you saying it would be in the 60's not so long ago. Visibility poor. Not oversold. Justice, how much do you think the bad PR is going to cost? What's going to be the forward value of the intangibles? What of the debt burden? Where is the cash going to be needed?
glavey
13/6/2019
15:19
The proposed full year dividend was already cut by more than half from 9p to 4p so no I very much doubt it will be reduced again! Especially given this should be more than 2x covered by forecast earnings even if they are towards the lower end of the range of £105M-£120M.
justiceforthemany
13/6/2019
14:33
Looks a good time to buy a few for a run up into next weeks AGM. Will soon be back in the mid 40's as the share price is very very oversold.
american idiot
13/6/2019
13:27
One thing that continues to concern me is the apparent failure to properly update the market at the 16th Jan. trading update "in line with our [the management's] expectations"... ..."On 4 April 2019, Saga will announce its preliminary results for the year ended 31 January 2019 and an update on strategy."
glavey
13/6/2019
13:24
Blame deflection ahead of the AGM: The chairman of Saga has criticised the way the over-50s insurer and cruises group was floated five years ago, accusing its private equity owners and bankers of “over-egging” its potential. Patrick O’Sullivan explicitly attacked Charterhouse, CVC and Permira, as well as their bank advisers led by Citigroup, yesterday as he announced the departure of Lance Batchelor, his chief executive, by mutual agreement. The £2.1 billion Saga flotation in 2014 has soured into one of the biggest disasters of popular capitalism of recent years, with 200,000 private investors, most of them Saga customers, losing three quarters of their money as the share price plunged. Unlike institutional investors, who shunned the share issue, small investors flocked to buy into the company, attracted by its familiar name and its claim that the brand could be extended into areas such as domiciliary care and wealth management. “There’s no question they [the private equity firms and banks] oversold it at the time of the IPO,” Mr O’Sullivan told The Times. “They over-egged the potential of the business. “There was virtually no investment in the brand,” he said, and “no certainty” that the group was capable of selling lots of other products to its over-50s demographic, as it proposed to do. The three private equity groups sold new shares in Saga at 185p in the float in May 2014 and then baled out in three massive block trades priced at between 195p and 200p in 2015 and 2016. The shares have since dived, falling another 1¾p, or 4.7 per cent, yesterday to close at just over 38p. The same three private equity groups floated the AA roadside rescue group a few months later, with similar disastrous consequences: its shares are now at 52¾p, a decrease of almost 80 per cent from the 250p issue price. CVC also was behind the flotation of Debenhams, which failed in April this year, wiping out shareholders. It is now in the throes of a rescue. A source close to one of the private equity groups dismissed the criticism. “It’s very convenient for the chairman to be blaming the owners of more than five years ago for difficulties that only surfaced more recently.” He pointed out that in its first years, Saga shares had risen above the issue price. Mr O’Sullivan, who took over as chairman last May and has brought in fresh blood to the boardroom, said that the decision for Mr Batchelor to go was mutual: “[We decided] a managed separation was the right way to go.”
edmondj
13/6/2019
13:05
Interesting comments below this article Https://www.thisismoney.co.uk/money/markets/article-7134111/Saga-boss-quits-79-dive-share-price-walks-away-12m-pay.html
spob
13/6/2019
12:52
anyone have the rest of that times article ?
spob
13/6/2019
12:51
Crikey...does that mean all the bad news is out or is there more to come? Also it sounds like there is a cap on how much growth can be expected. Very strong Language indeed
hernando2
13/6/2019
12:46
June 13 2019, 12:01am, The Times Saga chairman Patrick O’Sullivan attacks former private equity owners The chairman of Saga has criticised the way the over-50s insurer and cruises group was floated five years ago, accusing its private equity owners and bankers of “over-egging” its potential. Patrick O’Sullivan explicitly attacked Charterhouse, CVC and Permira, as well as their bank advisers led by Citigroup, yesterday as he announced the departure of Lance Batchelor, his chief executive, by mutual agreement. .../contin. hTTps://www.thetimes.co.uk/edition/business/saga-boss-patrick-o-sullivan-attacks-former-private-equity-owners-h35wlrm25 Article goes on to imply that it's private equity and bankers who are responsible for small/private investors losses... Chairman looking for a scapegoat?
glavey
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