|Bid||56.70 x 0|
|Ask||56.90 x 0|
|Day's range||56.00 - 60.00|
|52-week range||31.78 - 125.90|
|Beta (3Y monthly)||0.45|
|PE ratio (TTM)||N/A|
|Earnings date||19 Sep 2019|
|Forward dividend & yield||0.02 (3.96%)|
|1y target est||152.50|
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, 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 […]
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.
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.
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.
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