There’s no David here but I presume this is for me.
I don’t consider SAGA to be in the holiday business and in my view it is predominantly in the insurance business because insurance delivers the overwhelming majority of its profits (91% before central costs in the 6m to 31.07.17, compared with just 9% for travel). Consequently I don’t see it as in the same sector as TUI which is a pure holiday play. Also, SAGA is in the FTSE250 rather than in the FTSE100 index and I prefer where possible to choose shares from the biggest caps for the HYP strategy. There are several insurers in the 100 and therefore I have no need to look in the 250 for shares in that industry.
Agreed that TUI has complications with foreign tax deduction and currency implications for its dividend because regrettably they haven’t bothered to arrange a proper UK payment system, but nevertheless it is a pure holiday play.
I am not permitted to give personal financial advice to individual readers so any decision by you on SAGA would be yours alone in which I can play no part, but I am just answering your question on why I haven’t selected it previously.
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