Saga
Revenue £478m Dividend 2.2p
It is encouraging that of Saga’s 200,000 retail investors, the majority customers of its insurance or travel businesses, few have chosen to sell out since the award of the one-for-20 bonus share in May. It would make little sense to have done so with the shares trailing their 185p flotation price and the company limbering up to provide a decent dividend income.
As they consider their next move, they should be aware that Saga is doing pretty much what it said it would at the time of the float in May last year. It is extending the brand into other areas, such as financial services, upgrading its travel operation and bearing down on debt.
Halfway figures to July 31 suggest