SAGA.L - Saga plc

LSE - LSE Delayed price. Currency in GBp
20.95
+1.00 (+5.03%)
As of 9:09AM BST. Market open.
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Previous close19.95
Open19.96
Bid20.92 x 0
Ask21.34 x 0
Day's range19.96 - 21.48
52-week range12.51 - 60.00
Volume1,294,562
Avg. volume6,967,009
Market cap235.103M
Beta (5Y monthly)1.17
PE ratio (TTM)N/A
EPS (TTM)-27.90
Earnings date02 Apr 2020
Forward dividend & yield0.02 (13.04%)
Ex-dividend date10 Oct 2019
1y target est152.50
  • Upbeat broker recommendations for Saga
    Stockopedia

    Upbeat broker recommendations for Saga

    The Saga (LON:SAGA) share price has risen by 21.5% over the past month and it’s currently trading at 20.2899. For investors considering whether to buy, hold or...

  • We’re All Going on a Winter Holiday
    Bloomberg

    We’re All Going on a Winter Holiday

    (Bloomberg Opinion) -- Anyone up for a beach holiday right now? The answer is probably a resounding yes, anything to escape lockdown and incessant worrying about the coronavirus outbreak and imminent global recession.But would you actually book one for this summer or even the fall? There the answer is more complicated, as it becomes painfully clear that our next vacations will be close to home and overshadowed by concerns about health precautions.There are the optimists: Almost three-quarters of the people who were due to sail in May, but had their dream cruise canceled by British operator Saga Plc, chose to rebook at a later date. The pessimists: More than half of Americans surveyed by Destination Analysts agreed their next vacation would be a “staycation.” Those organized souls who planned their July Fourth escapes before Covid-19 was upon us are playing wait-and-see. French hotel giant Accor SA has seen less than 10% of reservations for July and August scrapped. But it’s still bracing for occupancy rates of 25-30%, as opposed to 75%, when travel begins againWhat’s clear is that we’re all going to be expecting something different for our next getaway: hotels with detailed Covid-19 symptom checks, abundant hand sanitizer, rigorous disinfecting and bars and restaurants configured for social distancing.The $5 trillion global tourism industry has already taken a huge hit from the pandemic, and it’s not over. Figuring out how to cater to tourists and business travelers in this new era will throw up huge challenges for even the most flexible and deep-pocketed companies. The about 35% gain in the Stoxx 600 Travel & Leisure Index since March 18 looks overly optimistic.In the near term, consumers may be reluctant to crowd into airplanes or return to busy tourist hot spots. In response, European discount carrier EasyJet Plc said it’s likely to leave middle seats empty on aircraft with a three-seat configuration, at least when it first resumes flights. The cruise industry, a haunting symbol of the Covid-19 outbreak, is likely to promote smaller vessels, which are more easily adapted to social distancing, a robust on-board medical staff and promises to fly holidaymakers home at the first whiff of a problem. Flexible booking policies without any deposit may become the norm. If all this fails to tempt, then deep discounts will be necessary.This season may be a washout but there are some signs things will pick back up. Dart Group Plc said on Friday that bookings were still coming in to its Jet2 leisure travel business for late summer. EasyJet said winter bookings were significantly ahead of this time last year. Even if some of this may be rescheduling of trips that were canceled, it illustrates people’s eagerness to travel once again. To capture pent-up demand, tour operators including European giant TUI AG and Jet2 have launched their 2021 summer holiday programs early.It may still be a hard sell depending on the destination. For Italy, Spain and France, as well as New York City, the repercussions of having been the epicenter of the pandemic at some point may linger even longer. It took about 18 months for travel to Paris to recover completely after the harrowing 2015 terrorist attacks.With international flights grounded and foreign tourists unwelcome in most places, it’s impossible to say how soon we can start trotting the globe again. The big luxury and event-oriented hotels, such as those operated by Marriott International Inc. and Hyatt Hotels Corp., are more dependent on international travelers than their more downmarket peers. Companies will likely shore up offerings for domestic tourists. For example, Saga, which caters to the 50s-and-over crowd, already offers cruises around the British isles. This business could be expanded if customers are nervous about venturing further afield. In more thrifty times, people tend to seek out no-frills lodging. In the U.S., Wyndham Hotels & Resorts Inc., has the most exposure to the economy and mid-scale sectors, with brands such as Super 8, Ramada and Days Inn, according to Brian Egger, an analyst at Bloomberg Intelligence. In Europe, Whitbread Plc has the Premier Inn chain in Germany and the U.K., where 80% of its properties are outside of London.Airbnb Inc. may be a big beneficiary if tourists seek out private residences to avoid mingling with too many people in hotel lobbies, elevators or restaurants. The trailblazer for the sharing economy may provide more options in smaller towns or isolated regions. But as with hotels, people must have confidence in hosts’ hygiene standards.And as I have noted, some sectors, such as cruising, may struggle to attract customers other than their most ardent devotees. Carnival Corp., operator of the now infamous Grand Princess, said that as of March 15 bookings were down even for the first half of 2021. It’s hard to say just how bad and enduring the impact from this new coronavirus will be. For those companies that manage to adjust, they can expect to be rewarded with some positive long-term prospects, as more people enter the middle class around the world and an aging population has more leisure time. But it will take much more than pictures of idyllic getaways to woo them.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why I’d use the market crash to load up on Saga shares
    Fool.co.uk

    Why I’d use the market crash to load up on Saga shares

    Saga shares look cheap after recent declines, and the company's strong brand should help it through these tough times, says Rupert Hargreaves. The post Why I'd use the market crash to load up on Saga shares appeared first on The Motley Fool UK.

  • Saga plc (LON:SAGA) Just Reported Earnings, And Analysts Cut Their Target Price
    Simply Wall St.

    Saga plc (LON:SAGA) Just Reported Earnings, And Analysts Cut Their Target Price

    As you might know, Saga plc (LON:SAGA) recently reported its yearly numbers. It was an okay result overall, with...

  • What Saga's share price momentum says about its future pricing prospects
    Stockopedia

    What Saga's share price momentum says about its future pricing prospects

    Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;

  • Coronavirus: Saga cancels cruises after over-70s told to avoid ships
    Yahoo Finance UK

    Coronavirus: Saga cancels cruises after over-70s told to avoid ships

    The government warned cruise ships are a 'particularly risky environment' for the coronavirus to spread.

  • Would You Buy a 10%-Off Cruise Right Now?
    Bloomberg

    Would You Buy a 10%-Off Cruise Right Now?

    (Bloomberg Opinion) -- In the wake of the coronavirus, enticing people to set a course for adventure on a floating mega-palace will be a difficult proposition.The public image of cruises, which for many older people are still associated with the 1970s American TV series “The Love Boat,” has been tarnished by the pandemic. On Thursday, Carnival Corp. said it would suspend all voyages by its Princess Cruises division, which suffered the only known outbreaks of coronavirus at sea, for 60 days. Cruising divides opinion at the best of times. Fans see it as a fun, hassle-free and cost-effective way to explore several often sun-drenched destinations in one go, particularly when food, drinks and entertainment are thrown in. For others, it conjures up a horror of claustrophobia, seasickness and way too much proximity to other holiday makers. Headlines about passengers stuck on ships turned away from ports for fear there may be a deadly virus on board will only serve to reinforce their aversion.The images of Carnival’s majestic Grand Princess, a behemoth that spent days circling the waters around San Francisco because 21 passengers tested positive for the virus, will be particularly damaging. As will an unprecedented warning from the U.S. State Department not to take cruises because they hold an elevated risk of Covid-19 infection and potentially landing in quarantine on a foreign shore. After all, North America is the world’s biggest cruise market by some distance.It’s hard to see how a $60 billion industry that’s already made such an effort to remake its image as more than a retirement pastime can easily overcome this hit. It still depends in large part on passengers over 50 who may be more likely to think twice getting on board. And before embarking, those over 70 may even be required to present a doctor’s note that they have a clean bill of health, not exactly reassuring for a carefree getaway. But first for the immediate pain. The global pandemic could hurt the cruise industry worse than both the 9/11 terrorist attacks in 2001 and the financial crisis of 2008-2009, according to Brian Egger, an analyst at Bloomberg Intelligence. Even before Carnival’s decision to suspend its 18 Princess vessels, he was estimating that revenue yields, a measure that reflects both pricing and occupancy leverls, could fall by as much as 20% this year.Richard Clarke, an analyst at Bernstein, estimates that most bookings for travel packages are down around 40% across the market. The drop off in cruise demand may be even worse.That’s a worry for the big U.S. operators — Carnival, Royal Caribbean Cruises Ltd. and Norwegian Cruise Line Holdings Ltd. — as well as TUI AG, the German tour operator that’s been developing its ocean-vacation arm to give it an edge against rivals. Carnival’s response is a dramatic one. But more lines could take this option, both to stem losses from operating half-empty vessels and to give them a very deep clean as a way to reassure holidaymakers that they are safe once the pandemic has subsided. On Friday, travel-to-insurance group Saga Plc said it was spending its cruise operations, cutting profit by up to 15 million pounds ($18.9 million).Alternatively, cruise operators could look to continue filling vessels with deep discounts. Analysts at Nomura have estimated that pricing could drop by at least 10% this year. That may encourage enthusiasts to take to the high seas, but at a lower profit. Yet as the pandemic spreads, and people around the world question how far from home they’re willing to travel, it’s unclear just how many takers there will be. And that’s before any official travel restrictions, such as President Donald Trump’s decision to temporarily curtail European travel to the U.S. It’s understandable that shares have tumbled since the coronavirus took hold.To weather the shock, Royal Caribbean and Norwegian have boosted liquidity in recent days. Even so, Royal Caribbean looks to face the most difficult challenges ahead, with net debt reaching 3.7 times Ebitda at the end of this year, according to the Bloomberg consensus of analysts’ estimates. That’s compared to Norwegian at 3.3 times and Carnival at 2.5 times. The industry may recover from the latest shock. After all, demand returned after the Costa Concordia disaster in 2012, when 32 people died after the cruise ship ran aground off the Italian coast. But it may never be the same again.Previous contagious outbreaks had prompted the industry to tighten hygiene standards. It will have to elevate them further given the spotlight on the dangers of thousands of people living in close quarters. Additional steps, such as more stringent screening of guests and staff, could raise expenses. Cruise lines will likely look methodically to ensure they have agreements with all ports on every itinerary so ships with sick passengers can dock. Putting such arrangements in place would take time and involve more cost.With the focus on the heightened risks faced by older travelers, especially those with underlying health conditions, cruise operators will need to intensify efforts to capture younger consumers, with all the associated marketing expense and investment in amenities to attract them. TUI Cruises is already focused on family vacations, while Walt Disney Co. has plans to almost double its fleet to seven ships by 2023. Virgin Voyages, Richard Branson’s over-18s luxury cruise offering, recently took delivery of its first liner, boasting Instagrammable spots, yoga classes and a festival-like lineup of shows, although it has postponed the Scarlet Lady’s maiden voyage.Winning over young adults won’t necessarily be easy. Cruise liners are associated with a list of environmental problems. So while “cruise shaming” hasn’t yet caught on, expect more focus on the industry’s impact on the planet, as well as its role in over-tourism in cities from Barcelona to Venice and Copenhagen.For the time being though, cruise operators’ main focus will be keeping passengers healthy and making sure that any ships that do sail are as full as possible. With ever more alarming headlines, that means more struggles for the Love Boat.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Saga expects profit in line with view despite Thomas Cook collapse hit

    "Although Saga continues to face challenging markets in insurance and travel, we have a clear focus on improving performance and cost efficiencies within the group," newly appointed Chief Executive Officer Euan Sutherland said. During its half-year results, Saga said it expects annual underlying pretax profit between 105 million pounds and 120 million pounds. The company, which owns Saga Holidays, Saga Cruises, Titan and Destinology, expects annual revenue for Saga's tour operations to be down 5%, but added that it was seeing a "much more resilient picture" in its escorted tours.

  • Read This Before Selling Saga plc (LON:SAGA) Shares
    Simply Wall St.

    Read This Before Selling Saga plc (LON:SAGA) Shares

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • Is Saga plc's (LON:SAGA) CEO Being Overpaid?
    Simply Wall St.

    Is Saga plc's (LON:SAGA) CEO Being Overpaid?

    Lance H. Batchelor has been the CEO of Saga plc (LON:SAGA) since 2014. First, this article will compare CEO...

  • Reuters

    Saga securing alternative flights for customers hit by Thomas Cook collapse

    The over-50s tourism and insurance firm said in an email that cruises or holidays booked through Thomas Cook will continue with Saga as planned. The world's oldest travel firm Thomas Cook collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history. "We will ensure that the repatriation of any guests, who are in resorts and due to return to the UK, runs smoothly... We are already contacting our customers who are due to travel on a Thomas Cook flight ... to discuss their alternative options," Saga said.

  • Saga Plays Long Game in Search for Cruise Nirvana
    Skift

    Saga Plays Long Game in Search for Cruise Nirvana

    Saga, the conglomerate catering to people 50 and older, saw profit in its travel business plunge in the first-half of its financial year as the company works towards recalibrating the division. The sector continues to be the biggest individual revenue generator across the business, which also encompasses insurance broking, but earnings have taken a hit […]

  • Reuters

    Britain's Saga predicts better times ahead after insurance revamp

    Saga, which owns Saga Holidays, Saga Cruises, Titan and Destinology, has been battling margin pressures in its insurance unit which accounts for the bulk of its earnings, while growing uncertainty over how or when Britain will leave the European Union has hurt its travel business. In April the company, founded 65 years ago, announced three-year, fixed-price home and motor insurance policies and cut prices for renewals. Saga said pretax profit fell 52.1% to 52.6 million pounds ($65.6 million) for the six months ended July 31, below a company-provided consensus of 55.0 million pounds.

  • Reuters

    Activist hedge fund Elliott takes stake in UK's Saga

    Saga has been trying to shake off its image as only serving "old people" and had begun rebranding after a profit warning in April. Elliott Capital Advisors disclosed a 5.14% stake in Saga as of July 12, a filing showed on Wednesday. "We have good and open relations with all of our shareholders and expect to be in contact with Elliott shortly," a spokeswoman for Saga said.

  • Reuters - UK Focus

    UPDATE 3-Activist hedge fund Elliott takes stake in UK's Saga

    Activist investor Elliott has disclosed a stake in Saga Plc less than a month after the specialist tourism and insurance firm warned discounting was hurting its tours business. Saga has been trying to shake off its image as only serving "old people" and had begun rebranding after a profit warning in April. Elliott Capital Advisors disclosed a 5.14% stake in Saga as of July 12, a filing showed on Wednesday.

  • Easy Come, Easy Go: How Saga (LON:SAGA) Shareholders Got Unlucky And Saw 80% Of Their Cash Evaporate
    Simply Wall St.

    Easy Come, Easy Go: How Saga (LON:SAGA) Shareholders Got Unlucky And Saw 80% Of Their Cash Evaporate

    As an investor, mistakes are inevitable. But really big losses can really drag down an overall portfolio. So consider...

  • Reuters

    Saga shares hit low as over-50 Britons trim tour bookings

    Saga, which is looking to find a new chief executive after Lance Batchelor announced his departure last week, has been trying to shake off its image as only serving "old people" and had begun rebranding after a profit warning in April. Saga's shares, widely held by retail investors since it floated at 185 pence in 2014, have slumped 66% this year. The results and continuing fall in Saga's market value have raised concerns about Saga's debt position.

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