Saga Share Discussion Threads

[stewart64] 19/6/2019 09:49

Hardly surprising the over 50s are not booking Rolls Royce cruises on The Spirit of Adventure; we are braving ourselves for being squeezed by Corbyn and McStalin when they seize power come the autumn

[american idiot] 19/6/2019 09:48

These falls are just sickening.

The days of investing are long gone. Hedge funds and their algo bots are to blame for that. The slightest sniff of a company struggling and boom they hit the share price down into the gutter....

Thomas Cook hit 8p then doubled in the days / weeks after.

I am hoping for some kind of takeover speculation here for me to exit this nightmare of an investment.

[boraki] 19/6/2019 09:41

My gut instinct feels as though this could drop 20% today. (down 15% )

Very sad indeed

[boraki] 19/6/2019 09:38

Yiiikkkeeess, where is the bottom to this share?

31.7p

[dalailama] 19/6/2019 09:21

Agreed, also took some this morning.

[wskill] 19/6/2019 09:17

Saga have run 2 x cruise ships for many years the old vessels were not fuel efficient the new ones are ,with the replacement of these vessels the cruise offering this year will be only a little higher that the past the new ship has been 86% filled this next year to July 2020 .

Less than 20% of profit comes from tours /cruise we have been told that the main business insurance has recovered to where it was in the first half of last year this is a big plus in my book.

I have added a few more today SAGA is far too cheap the insurance side is worth 3 times todays market cap alone .

[stewart64] 19/6/2019 09:09

Made the point before it's not been the year for recovery stocks, momentum is the flavour of the day( a point made by Woodford). Usually contrarians are rewarded in the long run, even M&G Recovery has lost 7.33% over the last 12 months; and actually they are not really playing the game anymore with picks like BP.

[american idiot] 19/6/2019 09:08

* UK-based insurance and tourism firm Saga plc down ~11% to hit a life-time low, after providing trading update
* Co says its tour operations were still being hit by political uncertainties in the UK...
* Overall trading so far was in line with expectations, it adds
* "Saga has not reiterated its FY PBT guidance range this morning - we would expect consensus to fall below the range, principally due to tour (business), but also for smaller cuts to Insurance and (perhaps) Cruise," Investec says
* JP Morgan says Saga's trading update shows early progress on new insurance products, challenges in travel
* It updates its estimates to reflect challenges in travel, and now see underlying PBT near the low end of the previously outlined range (£105-£120 mln)
* Brokerage also cuts PT to 60p from 80p
* Stock down ~66% YTD

[nav_mike] 19/6/2019 09:02

Certainly some big bouts of AT selling this morning, but dont know if I agree with it being shorting

That update can be read either way +/- and theres probably plenty of holders that just wanted out, just as there has been quite a bit of buying at these lower levels

[thecroots] 19/6/2019 09:00

Buywell. The expert.

[buywell2] 19/6/2019 08:57

husbod … don't do it IMO

This cruise ship saga into the unknown V lots of other long established Cruise Ship enterprises is IMO heading for the rocks like the rest of the business.


Debt will sink them BUT before that more cash will be needed


buywell says


AVOID

dyor though as always

[diku] 19/6/2019 08:52

The system needs reforming asap...company doing one thing and the share price doing a whole lot another...a big disconnect within casino plc markets...

[wskill] 19/6/2019 08:52

At the end of the day profit comes from insurance and a small part from tours /cruise with more now to come from cruise the next few years.

Cannot see where the shorters are hiding the loan shares nothing much turning up that i can find 1.5% thats all,the trading update was good we are on track of £105m to £120m profit,with less than 20% coming from tours /cruise.

[careful] 19/6/2019 08:48

coordinated shorting.
no real selling.
someone is after this company on the cheap.
market manipulation.

[buywell2] 19/6/2019 08:46

Told ya … lots of headwinds

Could blow them 2 new to be floated ships off course for the land of profit

Transport and Holiday sector is NOT the place to be with consumer confidence tanking





buywell3
17 Jun '19 - 16:31 - 2234 of 2275

buywell does not like these or their chart

[thecroots] 19/6/2019 08:45

Update is far better than I thought. Didn't think we would be down with it.

I wasn't expecting a fireworks update but still !!

[boraki] 19/6/2019 08:44

Glad I got out at 40p ( I took massive loss )

[boraki] 19/6/2019 08:39

Strewth cobbers,what a nightmare

[diku] 19/6/2019 08:35

What is in line with expectations?...anybody crossed checked the figures?...and what does good early progress in the launch of the new insurance products mean?..if you start from zero it all looks good even if you have 1 new customer... anybody crossed checked the early progress figures?...if it doesn't work out blame it on BREXIT...easy come easy go...



The Group is making progress in the implementation of the strategy announced in April despite challenging trading conditions in both insurance and travel markets. Trading for the period is broadly in line with expectations with good early progress in the launch of the new insurance products, although Tour Operations is being impacted by current political uncertainties.

[salpara111] 19/6/2019 08:32

I am guessing that the divi will be cancelled this year.
At some point this should make a great recovery play but it is equally clear that it is too early to take a stake.

[sunnybeachboy] 19/6/2019 08:32

This is a flea ridden dog, 20s incoming

[diku] 19/6/2019 08:27

That divi will not be 4p more like 1.5p or nill..

[diku] 19/6/2019 08:27

current political uncertainties. In other words BREXIT....