Questor buy tip10 Jul 2018 23:42
Sometimes no news can be good news and last month’s trading update from Saga, the insurer-to-travel company for the over-50s, provided some welcome reassurance after a profit warning in December and a share price plunge that left this column with an awkward book loss on its tip from April last year.
Trading met expectations for the first four months of the financial year to January 2019 as Lance Batchelor, the chief executive, reported healthy momentum across both the insurance and travel operations.
Shareholders can draw further comfort from the fact that 740,000 customers have now signed up for Saga’s “Possibilities” membership scheme, up from 500,000 in April.
A fifth of the firm’s customer...
https://www.telegraph.co.uk/investing/shares/questor-share-tip-hold-saga-avesoro-sell-manx-telecom/