Member Info for Alnwick

SAGA 3 year car Insurance deals are great value and the insurance business is doing well.
Hastings Deal is worth £1.2 billion and SAGA’s insurance business is virtually the same size with similar profits.
SAGA current market cap is £175M !
The drag is Cruise business.
I’m reading online that Russia claim to have discovered a vaccine.
Let’s hope it’s true and then watch SAGA soar !!!!!
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Putin does tell the truth... doesn’t he ???

Paul Singer holds the Elliott shareholding.
57,685,669. 5.14%

The Elliott shareholding is in the name of Elliott founder and CEO Paul

I agree with you robsaunders.
Insurance Business is doing well and now we are hearing positive progress on vaccine for COVID which starts the Cruise and travel business.

Evan Sutherland has made a significant impact in a very short space of time.
Cash preservation , Customer retention, Cost cutting.
The profit forecast for the year is maintained at £105M- £120M.
Current market cap is £205M
Thats a pre-tax P/E ratio of 2 !!!!!

A positive trading update this morning should get the share price moving.
"Insurance business has been very resilient and continues to make progress"
Insurance is 80% of SAGA's business !
Customer retention is 79% up 6%
533,000 3 year policies sold. 3 years advance sales booked !
Travel is on hold and payments for new ships are differed.
"Cruise customer loyalty has been exceptional "
70% of Customers have rebooked for 2021/22
Advance receipts are £43,000,000
"Groups liquidity position remains strong and benefits from diversified sources of income"
Cost reductions continue and should save £20,000,000 per year.

We need a positive Statement from the Chairman at Monday's AGM.
The market seems to be valuing SAGA as a travel company and that's a small part of the overall group.
Insurance is the money maker and the lockdown must have been good for car insurance as no one has been driving.
Therefore no accidents and no claims !
Also the 3 year fixed price deals are a great deal !
The market cap today is £228M.... The insurance business alone made £120M last year !