Shares in travel group Saga are up 6% after reporting a modest rise in full-year profits. The company’s cruise and tour operations were hit last year by the collapse of Monarch Airlines.
Is Saga worth investing in?
Saga has received a consensus rating of Buy.
Shares in over-50s insurer and holidays firm Saga closed at their opening price on their stock exchange debut. The shares were priced at 185 pence, at the bottom of the 185-245p range announced earlier this month, and traded as high as 195p in conditional trading.
Are Saga in trouble?
Saga is facing very serious challenges. The Travel division has essentially been shut down until at least August, and perhaps longer. Management thinks it can weather this disruption if travel returns before the end of the year and demand recovers slowly after that.
Are Saga Holidays in trouble?
Saga has pulled a number of 2022 departures following a review into its touring and holiday products. About 3,000 bookings have been affected by the over 50s specialist’s decision, Travel Weekly understands.
Saga floated in 2014 for 185p per share and is worth 64 per cent less. The AA went public for 250p and has suffered a fall of 65 per cent.
Are saga paying dividends?
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When did saga last pay a dividend?
Payment date: 30/06/2017The percentage growth in dividend over the last two accounting periods (the company’s last two financial years). A percentage yield calculated based on a company’s total dividend and the closing share price as at the company’s financial year end.
How to buy shares in Saga
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- Search the platform for stock code: SAGA in this case.
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- Buy your Saga shares.
Is Saga a PLC?
Saga plc (Saga) is a United Kingdom-based company that provides products and services primarily for customers over the age of 50. The Company’s products and services include general insurance, package and cruise holidays, personal finance products and a monthly subscription magazine.
Who is Saga owned by?
Saga was acquired by staff (20%) backed by the private equity firm Charterhouse in October 2004. Saga merged with The AA (owned by CVC and Permira) to form Acromas Holdings.
When did Saga go public?
The Saga continues
The company went public in 2014 in what was described as a ‘lacklustre’ IPO that revealed substantial structural issues.