Trading Update [link]
LSE:SAGA Hi @Ripley94 I bought the DEB debt, the 5.25%. The final outcome of that is yet to be seen. On the basis of the last statement, respecting the bond holders, and making it through to redemption on 2021, I should get 12% per anun income and capital profit of 100%. The overall idea was to go short on the equity and long on the debt. Usually it’s only possible to buy the debt in tranches of £100,000 and then increments of £1000. But, wiseAlpha issue “notes” on fractions of the debt. You buy and hold their paper, not the bonds. The fractions are in £100 lots, so subject to availability it’s possible to take smaller each way bets. In relation to SAGA [link] I can’t show you the DEB page as it’s in the “distressed” market and you need to be a sophisticated retail investor to access that part of the site. It’s a self certifcating process. I hope that helps. WA charge a 1% fee, there’s platform risk (they are a start-up). I’m one of their shareholders. I’ve been investing small amounts into a range of bonds and coco’s to test the concept out for the following reasons: 1, diversification 2, to see what the users experience is like, as I say I’m one of their shareholders 3, to see the long term potential of going short/long with more security using equity and senior secured debt If you are interested you might find these helpful: p2pindependentforum.com wiseAlpha | P2P Independent Forum Platform url: [a href="https://www.wisealpha.com/"]wisealpha.com[/a] crowdcube.com WiseAlpha is raising £500,000 investment on Crowdcube. Capital At Risk. FCA-authorised, WiseAlpha aims to be a world's first lending market, offering everyday investors access to senior secured and high yield investments in companies like Virgin, AA and Pizza Express. Since its raise on Crowdcube in 2016, the company has... seedrs.com WiseAlpha When investing, capital is at risk. WiseAlpha is a world first digital bond market giving everyday investors access to corporate bonds. And this gives a good overview of bonds: amazon.co.uk First Steps in Bonds: Successful Strategies Without Rocket Science 5.0 out of 5 stars, And there’s community chat rooms on bonds and fixed income on these sites: [link] [link] DL
LSE:SAGA Hi devonplay Can you explain that a little moe please . Like many I lost in deb. We’re you doing same thing there and how did you profit?
LSE:SAGA SAGA on my list. I’m not interested in the equity, but the debt on this one. If I get time tomorrow, might pull down all the relevant documents. DL
LSE:SAGA SAGA… XXXXX Limit lifted been considering and G confirmed not bad idea . Lifted @ 56.498 on 56.5 limit ( they mainly get under the limit which sometimes covers higher fees )
LSE:SAGA SAGA… XXXXX Top of faller list today down 40% on RNS. Was hoping i did not hold them no such luck , still not having as bad a 12 months as Woodford ( After reading the commentary in Tuesdays evening standard ) 65p at 8.10am before pulling back.
Trading Update Struggling to get above the current trading range :- LONDON (Alliance News) - Saga PLC said Wednesday it traded in line with management expectations in the last five months of 2018. In the period from August to January 15, the FTSE 250-listed over-50 product and services provider said the increase in new business has kept its policy count “stable” despite a “challenging” insurance market. Saga said the Motor and Home insurance markets continue to be “competitive”. The company said a fall in average premiums and “some upward pressure” on net rates in Home, impacted broker revenue and profitability. Saga branded Motor and Home insurance policy count was “broadly stable” in the period compared to the year before, with increased new business volumes. The company’s underwriter exceeded management expectations, Saga said, supported by a “particularly positive” small and large personal injury claims results. “We are making progress with our strategy to invest in attracting new customers across the business. In a challenging insurance market, the increase in new business has kept our policy count broadly stable,” said Chief Executive Officer Lance Batchelor. " “Our underwriting business has performed well during the year. Healthy forward sales for our new cruise ships and the growth in membership are encouraging signs for the group.” Saga said its Travel division has fully sold its cruise ship capacity for financial year 2019, ending January 31, and has sold 54% of its target for financial 2020. Cruise ship demand remains “strong”, said Saga but tour revenue for financial 2020 will be flat on a change in product mix. Saga will focus on higher margin products in the face of fewer passengers. Possibilities, Saga’s membership programme, added 250,000 members in the period and now has over one million members. In an effort to increase membership, Saga has launched a new advertising campaign across TV, press, digital media and direct marketing. Saga is expected to release to its preliminary results on April 4. Shares in Saga were down 0.1% in early trading Wednesday at 103.10 pence each. Games
Worth a quick read pdf presentation for latest 1/2 years results [link] Games
Profits fade less than expected Oh well a lesser downside is an “upside” when viewed through certain lenses n’est pas? [link] Can’t decide if this is actually going anywhere, apart from the cruise trips. Games
New CFO Saga, which specialises in products and services for the over-50s, has appointed insurance veteran James Quin as group chief financial officer with effect from 1 January 2019. Quin joins the company from Zurich Insurance Group, where he was UK chief financial officer. He has more than 28 years of senior leadership experience with Zurich, as an equity analyst with several sell side institutions and as a chartered accountant with PwC. Group chief executive office Lance Batchelor said: “I am delighted to have recruited someone of James’s experience and calibre as CFO. He has extensive strategic, investor and operational finance experience within the Insurance industry and will be a valuable member of the leadership team as we target investment in new customer acquisition to deliver long term value for the group.” Quin said: “I’m really pleased to be joining Saga and look forward to working with the management team to build upon recent investments and initiatives which will support the next exciting chapter for the business.” Peel Hunt said this was a “timely and welcome appointment” and brings to the role a CFO “steeped in insurance sector experience”. “Given Saga’s large insurance broking and significant insurance underwriting businesses, James Quin will have the necessary knowledge of the financial and operational performance criteria to effectively manage and help guide Saga forward, in our view,” Peel said. Games
Added some more Takes this up to 0.83% of my holdings - last of the big spenders eh? Let’s hope this is not a pig in the poke and it’s not cheap for some other reasons. Games
Drifting ever lower Well Peel Hunts 195 target is some way off considering the stock is wandering in the opposite direction down at exactly 121 as I type. That’s a 60% upside from here !! Games
Peel Hunt Saga: Peel Hunt reiterates buy with a target price of 195p Games
LSE:SAGA SAGA… XXXXX Chris Bailey ( SP ) blogs he is still a buyer of these "hopeful they will go to 150p " And points out the 7% dividend.
On Track BOLSAMANIA Saga on track as motor and home insurance sales rise Saga said it traded in line with expectations in the first four months of its financial year as the over-50s travel and insurance company wrote more motor and home insurance policies. Looks like steady as she goes, cruising down the Med – sadly in-line these days isn’t enough to jerk the stock price needle, it has to be a big jump up in sales or profits – the stock opened down a tad at 125.9 Games