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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Saga Plc | LSE:SAGA | London | Ordinary Share | GB00BMX64W89 | ORD 15P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 110.00 | 3 | 08:18:43 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 110.20 | 112.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Retail Stores, Nec | 741.1M | -113M | -0.7882 | -1.40 | 157.7M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:03:25 | O | 3 | 113.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/10/2024 | 06:35 | UK RNS | SAGA PLC Director Declaration |
| 24/10/2024 | 06:35 | UK RNS | SAGA PLC Correction - Director Declaration |
| 11/10/2024 | 08:23 | ALNC |  TOP NEWS: Saga in exclusive talks with Ageas for 20-year partnership |
| 11/10/2024 | 06:00 | UK RNS | SAGA PLC Saga and Ageas in exclusive negotiations |
| 11/10/2024 | 06:00 | UK RNS | SAGA PLC Interim results for the six months ended 31 July |
| 02/10/2024 | 08:38 | ALNC | Saga jumps 12% as confirms insurance deal talks with Belgium's Ageas |
| 02/10/2024 | 06:00 | UK RNS | SAGA PLC Response to Media Coverage |
| 01/10/2024 | 15:23 | UK RNS | SAGA PLC Delay to publication of H1 2024 results |
| 01/10/2024 | 07:59 | UK RNS | SAGA PLC Director Declaration |
| 09/7/2024 | 12:00 | UK RNS | SAGA PLC Director/PDMR Shareholding |
Saga (SAGA) Share Charts1 Year Saga Chart |
|
1 Month Saga Chart |
Intraday Saga Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/11/2024 | 14:26 | Close Brothers bring SAGA to market | 22,060 |
| 06/9/2024 | 15:28 | Saga -no bus tokens to ride | 3,983 |
| 06/3/2022 | 16:43 | *** Saga - Insurance company *** | 13 |
| 04/3/2022 | 18:09 | Saga - how much cash left? | 5 |
| 19/12/2021 | 10:21 | Saga Set To Crash By 40% Press Comment | 42 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:03:25 | 113.40 | 3 | 3.40 | O |
| 2024-11-20 16:35:23 | 110.00 | 13,268 | 14,594.80 | UT |
| 2024-11-20 16:29:32 | 110.34 | 4,000 | 4,413.59 | O |
| 2024-11-20 16:27:35 | 110.40 | 263 | 290.35 | AT |
| 2024-11-20 16:22:45 | 110.14 | 93 | 102.43 | O |
| Top Posts |
|---|
Posted at 12/10/2024 09:38 by ttny2004 A few moreCityamhttps://ne |
Posted at 11/10/2024 09:04 by martinmc123 3*A generally decent but not uniformly so set of Interims this morning. There is clear improvement being delivered in terms of revenues up 11% to £393.3m, trading EBITDA up 27% to £67.4m and underlying PBT up 240% to £27.2m. But there was still a large statutory loss before tax which actually increased 34% to £104m. But this loss was largely caused by challenging conditions in Insurance Broking which resulted in an impairment of the goodwill allocated to that business of £138.3m. So the core business looks to be doing quite well and moving in the right direction driven by continued strong momentum in the Cruise and Travel businesses and an improved Insurance Underwriting performance. But ongoing challenges in Insurance Broking are holding overall performance back for now. At 31 July 2024, £206.4m of Insurance Broking goodwill remained on the statement of financial position so the segment may remain a headwind for a while, but its potential negative impact will likely be smaller going forward. Share price has focused on the positives this morning, also... ...from WealthOracle wealthoracle.co.uk/d |
Posted at 11/10/2024 06:04 by bigbigdave 11 October 2024Saga plc Saga and Ageas in exclusive negotiations over Insurance partnership and sale of Saga's Underwriting business Saga Plc (Saga or the Group) is in exclusive negotiations with Ageas SA/NV (Ageas) to establish a 20-year partnership for motor and home insurance. Alongside this, Ageas would also acquire Saga's Insurance Underwriting business, Acromas Insurance Company Limited (AICL) (together, the Proposed Transaction). The proposed partnership would leverage the strength of the Saga brand, Saga's marketing skills and customer base and Ageas's extensive and growing UK insurance operations. The two companies' combined knowledge and expertise in serving people over 50 is significant and the proposed partnership is designed to drive growth in Saga's motor and home insurance business, whilst continuing to provide excellent customer service. The proposed partnership would build on the existing relationship between Saga and Ageas UK, which is a member of Saga's panel of insurers. Under the Proposed Transaction, Ageas (UK) Limited (Ageas UK), a subsidiary of Ageas, would enter a 20-year Affinity Partnership with Saga Services Limited (SSL), Saga's Insurance Broking business. Ageas UK would operate Saga's motor and home products which consisted of gross written premiums (GWP) in excess of £479m in the 12-month period ended 31 July 2024. SSL's existing partnerships with Collinson for travel insurance and Bupa for private medical insurance would be unaffected. |
Posted at 11/10/2024 06:01 by skinny Strategic rationaleSaga, with its specialist role as a leading provider of products and services for people over 50, is committed to providing best-in-class products and services to its customers across all its businesses. Against this backdrop, Saga's Board has been exploring opportunities to optimise, with a partner, Saga's strategic position in Insurance. The Proposed Transaction is consistent with Saga's aim to move to a capital-light business model to support growth, crystalise value, reduce debt and enhance long-term returns for shareholders. Proposed terms1 Affinity Partnership · The Affinity Partnership would be for a 20-year term, with the ambition to go live by the end of 2025. · Ageas UK would pay Saga an upfront consideration of £80m, payable at or around the go live date. · Additionally, Saga may receive contingent consideration of up to £30m in 2026 and up to £30m in 2032, subject to certain policy volume and profitability targets being met. · SSL would receive commission on the GWP generated over the term of the Affinity Partnership representing the value that SSL will continue to provide through the Partnership. Ageas's acquisition of AICL · Ageas UK would acquire AICL for a total consideration of £67.5m, subject to customary completion adjustments. · Completion of the AICL transaction is expected in Q2 2025 and is conditional on the signing of definitive transaction documentation and certain regulatory approvals. 1 The consideration quoted represents gross proceeds, before transaction costs and items related to the Proposed Transaction |
Posted at 07/10/2024 11:01 by koetser Not really Ageas does around 4m policies in uk and saga does 1.7m. Also Ageas wants to focus more on over 50s. Saga has a nice underwriting business which would merge nicely with Ageas too. Saga is only small when you look at market cap. |
Posted at 05/10/2024 08:57 by craigso It certainly would be cleanest if Aegas take over the insurance business completely, and pays a fee going forwards to "rent" the Saga brand name. But the underlying profits from the insurance side would be gone.Then you're left with a cruise business. You could easily compare the EBITDA / EV multiples with other publicly traded cruise companies (Carnival, etc.) and determine how much cruises would be worth on a stand-alone basis. Maybe that's a number that is much higher than today's share price, maybe it isn't - I haven't done the numbers yet. I suspect, however, that if the insurance deal isn't a clean exit, the market will react negatively. A sale-and-leaseback on the ships is little more than replacing corporate debt with a different kind of debt, but would be the last option for avoiding default on the bonds. |
Posted at 03/10/2024 15:23 by koetser Regardless of a deal, the share price is too low considering it should make an underlying profit of 40 million.Now a deal with Aegis is like a dream come true. Saga does not have capital to expand so Aegis can help in this regard |
Posted at 03/10/2024 08:40 by omron I suspect de Haan would only block a bid if too low. But Ageas could buy 100% of insurance and then Saga would be a travel company and could do a sale and leaseback on ships. That could release huge amounts of cash. Can't understand why share price is not higher especially as they say trading is in line with expectations. I have bought 200k shares this week. |
Posted at 02/10/2024 10:15 by rmillaree Predictions on price should a bulk of the debt is eliminated??huh - who is going to give saga a chunk of money without sage giving up future profits that reflect the position. Can you explain exactly how you think this super deal would work when they previously struggled to get any sort of price. i am not saying they cant pull off a masterstoke - but imho ref insure they just need to get back to basics of provingit can make approx 50 mill per year - or something close to that. Other companies seem to be doing fine and dandy ref updates and saga see no end to misery. Based on what i have seen from the board up to now i would almost expect them to give stuff away at low point for other party to then churn out the profits. hopefully my lack of optim ism here is i misplaced - but sems like board are struggling to do the basics right - perhaps i am being over critical here ? do others thing think saga are making a reet pigs ear of the insurance sided of things? perhaps if there is evidence things will bounce back - eg if they locked into fixed deals that are the issues an dthat wil unwind - then third party may offer top whack value - seems a stretch to me though unless thigs are picking up and they have said exatly then opposite kind of (ref insurance). |
Posted at 06/2/2024 23:10 by fjgooner I am assuming that the investment world is now perverse.A couple of years ago, when results were FAR worse and transparency going forward was utterly lacking, Saga was trading between 300p and 400p. If I recall correctly the CEO bought £200,000 worth of shares at just under £3.90. Now, with travel almost fully on track and cruise booming, why all this gloom from the markets? Insurance has been under pressure over the last couple of years, but all the talk in the media over the last couple of days has been about motor policy prices rocketing. So why the gloom? See: sharecast.com/news/n Saga says annual profit set to more than double Saga said on Tuesday that it expects full-year underlying pre-tax profit to more than double on the previous year as it hailed an "outstanding" year for the cruise and travel businesses. In an update for the period from 1 August 2023 to 29 January 2024, Saga - which specialises in products and services for the over-50s - said it now expects revenue growth of between 10% and 15%. Ocean Cruise revenue is expected to grow by around 30% year-on-year, it said, delivered through a load factor of 87% and per diem of £331, both significantly ahead of the 75% and £318 seen a year earlier. As a result, and in line with previous guidance, the group expects to exceed its target of £40m Ocean Cruise trading EBITDA per ship. Meanwhile, the river cruise segment is expected to return to underlying profit, supported by a load factor of 85% and a per diem of £285. This equates to revenue of around £44m and 17,000 passengers, up from £29m and 12,000 a year earlier. Travel revenue growth is expected to be between 40% and 45%, with 58,000 passengers, up more than 20% on the prior year. In line with previous guidance, travel - when combined with the river cruise business for consistency with previous reporting - is on track to return to pre-pandemic underlying pre-tax profit, it said. Chief executive Mike Hazell said: "For 2023/24, Saga remains on track to deliver significant growth in revenue, in addition to an underlying profit more than double that of the prior year, exceeding our previous guidance. "Our cruise and travel businesses have had an outstanding year, having taken around 120k passengers on holiday, with customers continuing to be drawn to the strength of the Saga brand and offer. As a result, these businesses will return to profitability, in line with expectations. In insurance, the market-wide inflationary environment and declining policy volumes are continuing to impact our performance. "The year ahead will see a continuation of these trends across our business. Bookings for the new seasons in cruise and travel are robust, showing good overall progress." Saga confirmed at the end of last week that it was considering options for its cruse business, including a partnership arrangement. |
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