Saga Plunges on Dividend Cut and Profit Warning

A 40% fall in over 50s insurer and holiday firm Saga means shares are now two-thirds below its 2014 IPO price after a second profits warning, dividend cut and shift in strategy

David Brenchley 4 April, 2019 | 12:58PM
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Retired couple, over 50s, pensioners, Saga, Saga share price, profits warning, income investing, dividend cut

They say profit warnings come in threes, so investors in FTSE 250 stock Saga (SAGA) will be especially anxious as the firm announced its second in the space of just 16 months on Thursday.

Shares in the insurance and holidays provider for over 50s fell as much as 40% to as low as 65p after it announced a pre-tax loss, dividend cut and shift in strategy.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
ASI UK Unconstrained Equity P1 Acc127.42 GBP1.21Rating
Carnival PLC1,466.00 GBP0.00Rating
easyJet PLC849.40 GBP0.00Rating
L&G UK Special Situations I Acc119.90 GBP-0.08Rating
LF Majedie UK Focus X Acc2.36 GBP-0.96Rating
Liontrust Income C Acc GBP1.86 GBP-0.43Rating
Saga PLC365.89 GBP1.64
St James's Place UK Income Acc118.90 GBP-0.17Rating
TUI AG337.90 GBP0.00
Unicorn UK Ethical Income B Inc106.32 GBP-0.07Rating
Unicorn UK Income B Inc272.58 GBP-0.08Rating

About Author

David Brenchley

David Brenchley  is a Reporter for

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