Prospects for investment (and travel) remain good…but the scope for a saga at Saga continues
By Chris Bailey of Financial Orbit | Sunday 22 January 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I read in the Sunday press that Saga (SAGA) - the holiday, insurance and more company focused on serving the needs of those aged 50 and over - is allegedly “sounding out buyers for its in-house insurance business in the hope of raising up to £90 million to pay down debt”. It definitely needs to be considering some options there as the last time I looked, its net debt to EBITDA ratio was a mere x8.5 times.
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