The Saga share price has jumped 100%! I’m still a buyer

first_img Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 5 Stocks For Trying To Build Wealth After 50 Our 6 ‘Best Buys Now’ Shares After a torrid year, investors have been rushing to buy back into the Saga (LSE: SAGA) share price over the past 30 days. This demand has sent the stock price surging. It’s up more than 100% since the beginning of November. I think this could be just the start of a more significant run higher for the shares as the company’s recovery gets under way. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Saga share price recovery Over the past few months, I’ve covered this over-50s travel and finance specialist on several occasions. And after the initial shock of the pandemic, as the year progressed, I’ve become steadily more optimistic about the corporation’s potential. At the beginning of the year, it looked as if the pandemic would undo years of hard work at the business. Saga has spent a significant sum investing in its cruise business, which was supposed to drive earnings growth for the next few years. Unfortunately, the company’s young fleet has been mothballed for the majority of the year. There’s more to Saga than its cruise business. But the rest of the group has been navigating a series of challenges in recent years. Management had hoped that the cruising division would provide much-needed cash flow to power the regeneration of the rest of the enterprise. As a result, management has had to get radical. The company has tapped investors for cash to reinforce the balance sheet and changed its management. After these changes, the business looks to me to be in a much stronger position than it was at the beginning of 2020. That’s even after the torrid year the organisation has faced. On the up The outlook for the Saga share price has also improved thanks to the improving performance of its other businesses divisions. Indeed, the financial division is finally starting to pull its weight after several years of hard work. Thanks to this, analysts are optimistic that the business can return to growth next year. City analysts reckon the firm will report earnings per share of 37p for its 2022 financial year. That’s around 60% lower than its last profitable financial year. But I think this could be too conservative. The economic damage of the pandemic has not been as bad as many analysts were expecting. What’s more, many sectors have recovered much faster than analysts were expecting. This bodes well for the future of the Saga share price, in my view.With its reinforced balance sheet and new management team, Saga should be able to take advantage of the favourable market backdrop. And if sales and earnings exceed City growth expectations in the next few years, I reckon the stock could jump substantially from current levels. As such, even after the recent positive performance of the company’s stock price, I continue to believe that the shares are undervalued based on Saga’s medium-term potential.  Rupert Hargreaves | Wednesday, 9th December, 2020 | More on: SAGA Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Click here to claim your free copy of this special investing report now! The Saga share price has jumped 100%! I’m still a buyer Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images Simply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaveslast_img read more

Team London: new volunteering grants

first_img  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Team London: new volunteering grants This piece was first published at www.fundinginformation.org, the resource for up to date information about new sources of grants, loans and donations for voluntary organisations, charities, social enterprises and the public sector throughout the UK. Tagged with: Funding Two new tenders have been published for projects offering new volunteering opportunities in London within the Mayor’s Team London programme. Both contracts will be worth between £100,000 and £250,000. The closing date is 16 May 2011.A Sporting Chance covers new volunteering opportunities to encourage children and young people at risk across London to take up sport as a step towards education, employment or training. Applications will be managed as part of the new bidding round to the PlaySport London Sports Participation Fund, which itself offers grants to help community projects across London increase participation in sport as a legacy of the 2012 Olympics:www.london.gov.uk/sites/default/files/SportsParticipationRound2.pdfA Greener London promotes the use of volunteers to plant and maintain trees in London in areas where there are few. Details are at www.london.gov.uk/sites/default/files/RELEAF_rfp.pdf Advertisementcenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 March 2011 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more