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
  -0.66p -1.52% 42.90p 42.74p 42.86p 44.34p 42.24p 43.76p 5,850,066 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 841.5 -162.0 -14.5 - 481.00

Saga Share Discussion Threads

Showing 2226 to 2249 of 2800 messages
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DateSubjectAuthorDiscuss
13/6/2019
17:30
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
17:22
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
17:16
Makes good sense, Dr Biotech (as always).
erogenous jones
13/6/2019
17:08
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
16:37
Closed 39.72p
sunnybeachboy
13/6/2019
16:33
Proposed full year dividend reduced to 4.0p *with expected future payout of approximately 50%*
edmondj
13/6/2019
16:32
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
16:19
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
15:33
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
15:04
Preparing 3 envelopes for his successor, I think
erogenous jones
13/6/2019
14:27
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
14:24
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
14:05
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
13:52
anyone have the rest of that times article ?
spob
13/6/2019
13:51
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
13:46
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
13/6/2019
13:27
Technical charts have been pointing at 39p-40p as a bottom - surprised it hit 37p. Shorts apparently <0.5% if you believe the FCA. Volume less today - tracker funds may have finished adjusting their portfolios. If there is a buyer for every seller then some funds will start buying these now.
justiceforthemany
13/6/2019
09:55
Same old scare mongering names on here day after day lol
sunnybeachboy
13/6/2019
09:33
Hello good luck...let me be the 1st...
diku
13/6/2019
09:18
undervalued, or digital look site has got it all wrong, i invite you to go and have a look. end of year a divi paid ? the other side of the cycle, ships revenue on stream 2020. IPO @ 185 present S/P 37 p unlikely to get float that wrong. BB
black bird
13/6/2019
08:20
Cheap on earnings and dividend yield but balance sheet is shot. Net tangible liabilities of £135m with net debt of £391m. Does market fear a fund raising?
stemis
13/6/2019
07:32
There's broadly been a downtrend the last few years though, e.g. Standard Life tried to buck by snapping up 14%+ at the end of last year, though has burnt its (clients) fingers severely - with the strategic re-set - and recently trimmed 0.5%. What doesn't exactly gel is the CEO appearing to be forced out behind the scenes by the likes of Standard Life but supported to the hilt by the chairman and rest of board. Thus a question of what a rigorous independent view would make of the works.
edmondj
13/6/2019
00:28
FTSE tracker funds selling after demotion.
justiceforthemany
12/6/2019
22:54
There is something very odd here. The downward pressure is immense and relentless.
pander45
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