Saga (SAGA)

Sector:

Retailers

Index:

FTSE Small Cap

50.45p
   
  • Change Today:
    -2.35p
  • 52 Week High: 138.70p
  • 52 Week Low: 33.06p
  • Currency: UK Pounds
  • Shares Issued: 1,122.00m
  • Volume: 9,810,911
  • Market Cap: £566.05m
  • RiskGrade: 354

Saga trading in line as 'challenging headwinds' continue

By Duncan Ferris

Date: Wednesday 19 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Saga on Wednesday reported that overall trading has been broadly on track since the beginning of February, although the company continues to face strong headwinds in both travel and insurance as it implements the new strategy announced in April


In a trading update released ahead of its annual general meeting, the over 50s specialist said progress has been made in the stabilisation of its retail broking operations, though policy volumes were 753k at 31 May, down by 6% in a reflection of lower travel insurance volumes.

Elsewhere in the FTSE 250-traded company's insurance division, the launch of three-year fixed price products in its motor & home business is progressing in line with expectations as more than half of direct new business customers have opted for the fixed price product.

Lance Batchelor, chief executive of Saga, said: "We are resolutely focused on the execution of our new strategy and have a clear set of priorities. Against challenging headwinds in both travel and insurance, we see early signs of progress in stabilising our retail broking business and forward bookings for the cruise business have been resilient."

Forward bookings for the 2020/21 year for the two new ships are broadly on track, though the division will report an interim operating loss of around £3m due to the sale of the 'Saga Pearl II' craft in April and a consequent reduction in revenues.

Finally, revenue from the tour operations business is 4% lower compared to the same period last year as margins remain set to be impacted by competitive discounting as Saga said the market as a whole remains affected by "current political uncertainties".

Saga's shares were down 4.26% at 36.00p at 0807 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Saga Market Data

Currency UK Pounds
Share Price 50.45p
Change Today -2.35p
% Change -4.45 %
52 Week High 138.70p
52 Week Low 33.06p
Volume 9,810,911
Shares Issued 1,122.00m
Market Cap £566.05m
RiskGrade 354

Saga Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.32% above the market average99.32% above the market average99.32% above the market average99.32% above the market average99.32% above the market average
96.23% above the sector average96.23% above the sector average96.23% above the sector average96.23% above the sector average96.23% above the sector average
Price Trend
91.4% below the market average91.4% below the market average91.4% below the market average91.4% below the market average91.4% below the market average
92.73% below the sector average92.73% below the sector average92.73% below the sector average92.73% below the sector average92.73% below the sector average
Income
99.02% above the market average99.02% above the market average99.02% above the market average99.02% above the market average99.02% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.28% below the market average81.28% below the market average81.28% below the market average81.28% below the market average81.28% below the market average
30.91% below the sector average30.91% below the sector average30.91% below the sector average30.91% below the sector average30.91% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Saga Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-19 18-Oct-18
Paid 28-Jun-19 23-Nov-18
Amount 1.00p 3.00p

Trades for 20-Sep-2019

Time Volume / Share Price
16:48 43 @ 50.45p
16:41 162,000 @ 50.20p
16:41 162,000 @ 50.20p
16:41 162,000 @ 50.10p
16:41 162,000 @ 50.10p

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