There is some good and (lots of) less good news for Saga
By Chris Bailey | Tuesday 4 April 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
From the perspective that Saga plc (SAGA) describes itself as “a specialist in the provision of products and services for people over 50”, before the end of this year I am going to be one of its potential customers. That is a little bit of good news for it but today’s preliminary results for its year ended 31 January 2023 have just a few challenges, as reflected by the shares falling by 9% on the day as I write.
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