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Peel Hunt reduces price target from 130p to 115p. This is probably why there has been a deep fall of late.

There was a huge writeup in the telegraph yesterday regarding cruises. Better advertisement then there TV Ads in my opinion:

https://www.telegraph.co.uk/travel/cruises/articles/saga-british-cruise-line-epitome-of-classic-style/

I think this cruise was fully booked too, as it was not advertised with any free spaces on the website in the last month. For some reason the uk cruises from saga are very popular not sure why???

Thomson even if it went up by 50p this would still only be the same value as the low point when covid hit and we all went into lockdown - when there was no travel or cruising

Https://www.insurancetimes.co.uk/news/aa-pips-aviva-to-become-fastest-growing-car-insurance-brand/1445469.article

Good to see Saga is in top 10 of car insurers. And with the market suddenly increasing for car insurance it will be lucrative, hopefully sooner than later.

Agreed still a ridiculously low price. Only so low due to Saga's ability to surprise on how it can completely screw up trading updates and cashflow due to debt. Still no word regarding AICL. But they should be doing well so heres hoping

Still only 10p in old money so 50% is not too much to hope for. Hope they sell AICL soon.

Yes lets hope for some stonking good news

Another sudden jump upwards???

Https://www.insurancetimes.co.uk/news-analysis/has-inflation-been-a-helpful-correction-for-the-uk-motor-sector/1445410.article

Well prepare yourself for a miracle of a trading update in September

Spights,

this is deliberate. Direct line insurance which is owned by DLG (Direct line group) can only be obtained directly and not through comparison websites. while churchill can be obtained through comparison websites and is therefore cheaper

Spights,

churchill is owned by DLG ;o)

From the FT:

https://www.ft.com/content/6cd344c1-81d1-4c98-a017-e62b3e5426d7

good update regarding motor insurance from Admiral and corresponding share price increase.

As usual Saga will probably get the read through from the market one day late .. so share price should increase tomorrow

Heads up, Aviva will be reporting on Wednesday. This is important as there should be a good indicator of profitability improvements in the car and home insurance market in the UK. Also look out for the improvement in medical insurance sales.

Admiral will also be updating the market

Two bits of good news from following article:

The Financial Conduct Authority (FCA) said the growing cost of repairs had caused motor insurance prices to spike, but Tim Kelly, an insurance expert and owner of the website MotorClaimGuru.co.uk, said some insurers were hiking prices to increase profits after the Covid pandemic.

“There is a lot of smoke and mirrors going on. Through Covid, insurers made massive profits. Now we have come out of Covid into a very different economic climate, insurers want their profit and are not absorbing the increased cost of inflation. In short, consumers are the losers and insurers are the winners,” he said.

and ...

The hike in premiums for older customers could be due to the rising number of drivers aged 80 and over, which has soared by 18 per cent over the past two years to reach 1.7 million, according to the DVLA. Elderly drivers may be seen as higher risk, pushing up the average price for the 65-plus category.

https://www.independent.co.uk/money/why-has-car-insurance-risen-so-much-b2391334.html

I like the bit where a saga customer renews with saga even after car insurance premium doubles . She haggled it down from 3 times.

https://www.bbc.co.uk/news/business-66466626

Alnwick,

Cant agree with you more bought in years ago when I thought they were dirt cheap after the huge share price fall from the previous moron of a CEO. Have watched this go up and down and have been averaging down on so many occasions. Watching this go up and buying small amounts. However very aware that this is a very volatile share but hopefully this can only go up from here as it just seems ridiculously cheap IMHO

Phenry,

And there we go 140p breached

Bilzo,

you said 150p I said 140p ;0)

Good to see you were paying attention and holding me to account ;-)

Bought more in today and Friday ... so feeling confident :-)