Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Saga plc
  6. News
  7. Summary
    SAGA   GB00BMX64W89

SAGA PLC

(SAGA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Saga : bulks up finances with bond issue ahead of resuming cruises

06/22/2021 | 03:52am EDT

June 22 (Reuters) - Over-50s holidays group Saga Plc on Tuesday launched a 250 million pound ($347 million) bond offering and said it would also extend its debt maturities to gain financial flexibility, as it prepares to resume its cruise operations.

The company, which also owns an insurance business, said it has mandated Barclays Bank, HSBC Bank, Mizuho International and NatWest Markets to carry out roadshows for the offering.

UK-listed Saga is set to restart cruises this weekend after months-long suspension due to the pandemic, which has been particularly harsh on the industry after multiple coronavirus outbreaks in various cruise ships.

Last week, the company said bookings would likely meet 60% of its revenue targets for the current year.

Even as mass vaccination drives in major economies including the United States and the UK have led to strong bookings for the summer season, uncertainties remain, as emphasised by an update from Saga's U.S. rival Royal Caribbean last week.

Royal Caribbean had to delay the launch its new cruise liner by nearly a month after eight crew members tested positive for the virus.

($1 = 0.7200 pounds)

(Reporting by Muvija M in Bengaluru; Editing by Amy Caren Daniel and Rashmi Aich)


ę Reuters 2021
All news about SAGA PLC
08/02SAGA : International cruising returns with Saga Cruises following a summer of round-Britai..
PU
07/15SAGA : ‘Freedom Day' marked with the symbolic naming ceremony of Saga's brand-new cr..
PU
06/30SAGA : To Buy Back $138 Million Of Notes Due 2024
MT
06/30Saga plc Announces Final Results of Tender Offer
CI
06/27SAGA : Cruises' first round-Britain cruise since early 2020 departs later today
PU
06/22London Shares Trade Flat; Crude Gains Lift Oil Stocks
DJ
06/22SAGA : Former Head of the Royal Navy Medical Service to name Saga's newest ship, ‘Sp..
PU
06/22SAGA : bulks up finances with bond issue ahead of resuming cruises
RE
06/22Saga plc Announces to Amend Its Existing Term Loan and Revolving Credit Facilities
CI
06/22Saga PLC Plans GBP250 Million Bond Issue, Tender Offer and Loan Repayment
DJ
More news
Analyst Recommendations on SAGA PLC
More recommendations
Financials
Sales 2022 455 M 621 M 621 M
Net income 2022 17,7 M 24,2 M 24,2 M
Net Debt 2022 746 M 1 018 M 1 018 M
P/E ratio 2022 25,1x
Yield 2022 -
Capitalization 488 M 666 M 667 M
EV / Sales 2022 2,71x
EV / Sales 2023 1,57x
Nbr of Employees 2 506
Free-Float 70,6%
Chart SAGA PLC
Duration : Period :
Saga plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAGA PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 348,40 GBX
Average target price 529,75 GBX
Spread / Average Target 52,1%
EPS Revisions
Managers and Directors
Euan Angus Sutherland Group Chief Executive Officer & Director
James Quin Group Chief Financial Officer & Executive Director
Roger Michael De Haan Chairman
Julius Christmas Group Director-Information Technology
Gilles Normand Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
SAGA PLC37.71%667
AMERICAN INTERNATIONAL GROUP, INC.40.60%45 522
THE ALLSTATE CORPORATION17.88%38 317
THE TRAVELERS COMPANIES8.76%38 088
TOKIO MARINE HOLDINGS, INC.13.92%37 985
SAMPO OYJ22.53%27 608