Director dealings: Saga chairman raises stake
Saga
122.40p
16:40 28/03/24
Saga revealed on Thursday that chairman Patrick O'Sullivan had acquired 100,000 ordinary shares in the British "life after 50" specialists.
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16:50 28/03/24
FTSE Small Cap
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17:14 28/03/24
General Retailers
4,075.15
17:14 28/03/24
O'Sullivan, who took over as chairman back in February 2018, purchased the shares at an average price of 45.65p each, for a total value of £45,650.
Back in September, Saga posted a drop in interim profit as Brexit-related uncertainty took its toll on the travel business, but the group backed its expectations for the year.
In the six months to the end of July, pre-tax profit fell 52.1% to £52.6m and the dividend declined to 1.3p a share from 3p in the first half a year ago. Underlying pre-tax profit slid to £52.8m from £107.5m which the company said reflects the lower level of reserve releases from in-house underwriter AICL, lower margins in its retail broking business, and the short-term impact of the retirement of Saga Pearl II in the first half.
As of 1635 BST, Saga shares had climbed 3.98% to 48.61p.
Top Director Buys
Capital Drilling Ltd. (di) (CAPD)
Director name: Rawlinson,Michael
Amount purchased: 83,333 @ 6,000.00p
Value: £4,999,980.00
Capital Drilling Ltd. (di) (CAPD)
Director name: Abery,David
Amount purchased: 83,333 @ 60.00p
Value: £49,999.80
Saga (SAGA)
Director name: O'Sullivan,Patrick
Amount purchased: 100,000 @ 45.65p
Value: £45,650.00
Domino's Pizza Group (DOM)
Director name: Bull,Ian
Amount purchased: 10,000 @ 278.90p
Value: £27,890.00
Eland Oil & Gas (ELA)
Director name: Arthur John Turcan ,Henry
Amount purchased: 1,610,913 @ 1.64p
Value: £26,418.97
Gyg (GYG)
Director name: McNair,Kevin
Amount purchased: 40,000 @ 50.00p
Value: £20,000.00
Ingenta (ING)
Director name: Sheffield,Jon
Amount purchased: 13,872 @ 72.00p
Value: £9,987.84
Top Director Sells
Eland Oil & Gas (ELA)
Director name: Arthur John Turcan ,Henry
Amount sold: 1,610,913 @ 1.64p
Value: £26,418.97