Saga Share Discussion Threads

[purchase_atthebottom1] 19/10/2021 08:50

Goonners has issues clever🤣

[norma_noog] 19/10/2021 08:12

diohohku, we know who you are. You're not fooling anyone with all those multiple user handles, you've slipped up far too many times in previous posts with the same spelling mistakes and grammar🤣

[normawoods] 19/10/2021 08:08

When is the capital raise?

[cleverinvester] 18/10/2021 21:03

Patt don't mind the GOON.Here is a closer to home update.
hxxps://news.sky.com/story/covid-uk-latest-news-live-coronavirus-pcr-lateral-flow-tests-12431158

Price target £2.00-£2.50.
Pmsl

[purchase_atthebottom1] 18/10/2021 20:07

More bad news for Discodave45 🤣

Former U.S. Food and Drug Administration Commissioner Scott Gottlieb called for resurgent in research into a mutation of the delta variant -- known as delta plus -- following a surge in Covid-19 cases in the U.K.

We need urgent research to figure out if this delta plus is more transmissible, has partial immune evasion,Gottlieb said in a tweet.

There is no clear indication that it is considerably more transmissible, but we should work to more quickly characterize these and other new variants. We have the tools.

[fant1] 18/10/2021 19:21

Saga closing share price 312.60 minus 0.2

[discofreddy] 18/10/2021 14:05

Come on 650

[fant1] 18/10/2021 13:51

Only 11.00 to go.....come on.

[diohohku] 18/10/2021 13:28

Will Saga be able to to pay a dividend in the near term? Reducing debt will come first on the priority list i would presume?

[waldron] 18/10/2021 12:39

must admit this guessing and wishful thinking is not without risks

i can on this rare occasion can accept the Fools view and therefore believe there are better shares out there that still also pay decent divis

[purchase_atthebottom1] 18/10/2021 12:36

Financial Times
October 16, 2021 3:00 am by Oliver Barnes and John Burn-Murdoch in London and Daniel Dombey in Madrid
Scientists have urged the UK government to impose fresh coronavirus restrictions in England over winter, as high hospital admission and fatality rates outstrip the rest of western Europe.

The UK’s weekly death rate stands at 12 per million, three times the level of other major European nations, while hospitalisations have risen to eight Covid-related admissions a week per 100,000 people, six times the rate on the continent

[ianian4] 18/10/2021 12:21

We need a reality check, this is Motley Fool speculating. Who are well known for spouting sh@te.
So to sum up, if they manage there debt and uk lock downs do not affect overseas travel, then SAGA could be a great investment.

[purchase_atthebottom1] 18/10/2021 12:20

398-311= very poor Discodave 🤣

[diohohku] 18/10/2021 11:29

So to sum it up, debt is of real concern and if covid raises its ugly head, Saga could be in big trouble.

[waldron] 18/10/2021 11:17

THE MOTELY FOOL


Here’s my verdict on the Saga share price

Jabran Khan | Tuesday, 12th October, 2021 |

Could over-50s provider Saga (LSE:SAGA) be a good addition to my portfolio?

Let’s take a look at the recent history of the Saga share price as well as other factors to help me make my decision.

The Saga share price activity

Saga focuses on providing products and services for the over-50s market. Its operations include package holidays and tours across the globe.

It is often best known for its insurance products.

These include motor, home, travel, pet, private medical, and life insurance.

It also provides a host of different financial services products.




As I write, the Saga share price is trading for 316p. This time last year, shares were trading for 152p per share, which is an impressive 107% return.

Despite this impressive 12-month period, the shares have been on a downward trajectory for some time.

Prior to the market crash in February 2020, shares were trading for more than 600p per share.

If I go back to February 2019 levels, shares were trading for over 1,800p per share.

So what caused the Saga share price to tumble?

At the end of 2018, it emerged that customer numbers were dwindling and fast for the well-known brand.

The announcement of a £310m non-cash impairment charge compounded things further.

Debt began to pile up and there were real fears bankruptcy might be on the horizon.

On the road to recovery?

CEO Lance Batchelor left his position as Saga’s CEO in January 2020.

A new management team were eager to right the wrongs of recent times but Covid-19 put paid to this as everything came to a halt.

Saga recorded a record loss of £313m in 2020.

With the reopening of the economy, could Saga begin to recover and will the Saga share price rise? Well, last month’s announcement of interim results for 2021 showed glimpses of a potential recovery to me.

The results covered a period for six months to 31 July 2021.

Saga recorded a profit of £0.7m compared to losses of £55m in the same period last year. Cash flow increased substantially, which is a bonus too.

Saga’s new management decided that recovery required restructuring, which requires capital.

In the longer term this could boost the Saga share price.

Unfortunately, debt levels are higher than before as it borrowed more for this restructure and to keep the lights on and give it some breathing space.

The second aspect is it needs revenue to come in to avoid further issues down the road. For example, with cruise ships opening up once more, it will hope to capitalise on pent-up demand and record some positive results and bring in some money to pay off the debt accrued.

Risks and verdict

Saga cannot afford further restrictions or lockdowns linked to the pandemic. This could see its performance affected badly like last year.

If this were to happen, any recovery may not materialise. Linked to this, its debt level is concerning and is very high just now for my liking.

It could take several years to pay this off.

Overall, I am not convinced of Saga’s recovery prospects right now. The recent Saga share price spike doesn’t offer me any confidence in its investment viability.

Right now, I will avoid shares for my portfolio.

[waldron] 18/10/2021 11:02

no Dio

i think you are both infantile disruptors

rather childish

depending on what Disc0 posts in the next day or so, he will be filtered

[diohohku] 18/10/2021 10:54

Waldron if you think I'm going to sit back and be accused of having multiple usernames you are mistaken. If they can give it I will certainly give it back! It's just pure fantasy from desperate Saga investors. Ps if you think the sunshines out of discodave45 backside you are horribly mistaken!

[waldron] 18/10/2021 10:46

Certainly 2021 is a year for Insurance but next year should be a return to travel


Not much real news alas until early 2022

[waldron] 18/10/2021 10:32

Dio

please Stop your infantile posts

this thread is now a sea of filters prefix Disco but not disc0

surprised you continue to disrupt this thread and the thread CNA

at least the saga share price is staying above the strong support of 306.50p

have a great week one and all

chuckle and cheers

[discofreddy] 18/10/2021 10:16

Norma goon 330, Discodave 398

[diohohku] 18/10/2021 09:53

norma_goon bought at 330 now 309 😂

[discofreddy] 17/10/2021 21:22

Discodave45 is attracting all sorts over at CNA

[purchase_atthebottom1] 17/10/2021 18:30

Discodave 398 Discodave 398 Discodave 398 Discodave 398 Discodave 398 Discodave 398 🤣