The Saga share price has fallen almost 1% in the last five days, with an extension to the UK’s Covid-19 restrictions looming. The over-50s cruise operator will be hit by further delays to increasing onboard capacity.
Saga said 139.6 million shares of 15p each were admitted to trading on Tuesday morning. … Just shy of 99% of shareholders approved the consolidation, Saga said earlier in October.
When was Saga floated?
The company went public in 2014 in what was described as a ‘lacklustre’ IPO that revealed substantial structural issues.
Shares in over-50s insurer and holidays firm Saga closed at their opening price on their stock exchange debut. The shares were priced at 185 pence, at the bottom of the 185-245p range announced earlier this month, and traded as high as 195p in conditional trading.
Saga has received a consensus rating of Buy.
Who owns Saga now?
Saga was acquired by staff (20%) backed by the private equity firm Charterhouse in October 2004. Saga merged with The AA (owned by CVC and Permira) to form Acromas Holdings.
Saga reports modest rise in profits
Shares in travel group Saga are up 6% after reporting a modest rise in full-year profits. The company’s cruise and tour operations were hit last year by the collapse of Monarch Airlines. Pre-tax profits for the year ended January rose to £190.1m, from £187.4m in the previous year.
Saga floated in 2014 for 185p per share and is worth 64 per cent less.
Further to the Prospectus previously published on 11 September 2020, Saga plc (the “Company” or “Saga”) updates that the Share Consolidation of 1 Consolidated Share of 15 pence nominal value for every 15 Ordinary Shares will become effective on 13 October 2020 rather than 12 October 2020 as previously communicated.
When did saga last pay a dividend?
Saga (SAGA) Dividend History
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