Cruise boosts Saga’s profit, search continues for strategic partner

[Host Jazzbeau]

New article on SeaTrade Cruise:

Cruise boosts Saga’s profit, search continues for strategic partner

[twotravellersLondon]

7 hours ago, Host Jazzbeau said:

New article on SeaTrade Cruise:

Cruise boosts Saga’s profit, search continues for strategic partner

 

Very encouraging...

 

Again many of the usual negative rumours based on ill-informed gossip, speculation and supposition about SAGA have proven to be fantasy.

 

For the year ending 31 January 2024 the key facts are...

 

For SAGA as a whole...The underlying profit has more than doubled and there has been significant debt reduction.

 

Ocean cruises are sailing 88% full... up from 75%.  Spend per passenger per diem is £331... up from 318.

 

River cruises passengers have increased to 57.8k... up from 47.2k. Revenue is £43.8million... up from £28.8 million.

 

And... SAGA wants to expand the SAGA Ocean cruise sector... looks like the model may be that in order to speed the growth of the ocean cruise sector, SAGA would like a partner to finance new-build ships while SAGA operates them... but that's not been confirmed... as yet.

[Spence55]

Saga plc remains a mess. The share price fell yesterday by almost 4%. The cruise division was the best performer, with underlying profits before tax of £35.5 million. That was to be expected given the general demand for cruising, and an influx of disillusioned former P&O customers. It’s significant that there have been no Director share purchases since October 2022. They have of course been awarded free ‘incentive’ shares. There are numerous metrics to assess a company. If we view the cruise divisions underlying PBT in isolation and apply a generous multiple, its vale still falls well short of the company’s net debt. As for the entirety of the company, the markets rarely get it wrong. We’ve removed Saga shares from our spreadsheet. A considerable loss can be crystallised at a future date to set against chargeable gains. 

 

[twotravellersLondon]

4 hours ago, Spence55 said:

Saga plc remains a mess. The share price fell yesterday by almost 4%. The cruise division was the best performer, with underlying profits before tax of £35.5 million. That was to be expected given the general demand for cruising, and an influx of disillusioned former P&O customers. It’s significant that there have been no Director share purchases since October 2022. They have of course been awarded free ‘incentive’ shares. There are numerous metrics to assess a company. If we view the cruise divisions underlying PBT in isolation and apply a generous multiple, its vale still falls well short of the company’s net debt. As for the entirety of the company, the markets rarely get it wrong. We’ve removed Saga shares from our spreadsheet. A considerable loss can be crystallised at a future date to set against chargeable gains. 

 

 

 

But the ships are beautiful, well organised, clean. tidy and well managed! That's some of the reasons why more and more people are booking and are will to pay more for the privilege!

 

We have three cruises booked with SAGA while there is still space on the ships... there have always been those who've cast doubts about SAGA for whatever reason... but the fact is that more and more people are booking with the company, the ships are fuller and fuller, advance bookings are surging ahead and  those folk who like SAGA's offer are willing to pay more for it.

 

After all... we buying holidays... not trying to play the stock market. So, like most folk, we're far more interested in ports of call, food, entertainment and quality of service.