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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sage Group Plc | LSE:SGE | London | Ordinary Share | GB00B8C3BL03 | ORD 1 4/77P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-11.50 | -0.91% | 1,252.00 | 1,252.00 | 1,253.00 | 1,267.00 | 1,249.50 | 1,267.00 | 54,960 | 09:00:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Prepackaged Software | 2.18B | 211M | 0.2059 | 61.22 | 12.92B |
Date | Subject | Author | Discuss |
---|---|---|---|
06/12/2012 08:53 | Largesse is obscured by clouds Tempus, The Times December 6 2012 The market has a continuing beef with Sage Group. The business solutions provider has the distinction of being one of Britain's most successful software companies and one of the few global businesses based in the North East. But Sage, which enjoys a market rating a little more than 13 times this year's earnings that would be more appropriate to a fast-growth business, seems to have gone ex-growth. A company that once boasted that acquisitions were in its DNA could think of doing little more with its cash - including the £200 million freed up from the sale of its non-core healthcare business - than handing it back to shareholders, although there was a purchase in Brazil. Sage spent £300 million buying back its shares in the financial year to the end of September. Including dividend payments,largesse to shareholders totalled £437 million. Two points stand out from yesterday's results. One, a positive, that Sage is doing well converting its business to a subscriber model. Consumers are signing up for a longer-term relationship that makes future earnings more reliable. Subscription revenues, about two thirds of the total, were up by 6 per cent, ahead of 2011's 5 per cent rise. Second, a negative, that Sage One, the cloud-computing offering to small businesses, seems to be taking a while to get off the ground. The company says, not unreasonably, that new ventures take time while it builds relationships with routes to market, such as the big banks and telecoms companies. But revenues, on an organic basis, managed to grow by only 2 per cent in the past financial year, half the rate in 2011. The geographical performance was patchy, strong in the United States and emerging markets, flat in France and dreadful in Spain as customers went out of business. Pre-tax profits, therefore, came in at £334.3 million, a mere 1 per cent ahead, although a final dividend of 6.67p gives a total 4 per cent higher at 10.15p. Sage says that it is focusing on areas where it can grow and has identified another 10 per cent of the business as non-core. The rise of tablets and smartphones should allow extra revenues from existing customers. It is aiming to double revenue growth from its historic level to 6 per cent. To bring borrowings up to an appropriate level, £200 million will have to be spent on acquisitions or further share buybacks next year. It will be interesting to see where the money goes. Until then, hold. | valedo | |
29/10/2012 12:48 | citigroup upgrade today | apsis2 | |
10/10/2012 12:27 | i recently closed my CFD at 320p, poised to reopen a new one. | barryrog | |
24/9/2012 06:42 | the share buy back continues unabated despite the acquisitions. its been relentless for over a year now, i get the impression that 450p per share is no longer gonna be an acceptable offer. | hoveactually | |
22/9/2012 07:40 | Actually, its two further companies they've acquired. When they went shopping in Brazil it seems they found three companies that they liked the look of. So why not buy all three?!? This is a great return to the acquire and grow strategy that Sage were previously very successful with. Before, that is, the got obsessed with the US. More of the same please. | maddox | |
21/9/2012 13:27 | Second acquisition in Brazil is good news. | a77 | |
20/9/2012 12:19 | superb stock, i've had my CFD open since June and i think a takeover is inevitable. | barryrog | |
14/9/2012 09:28 | Panmure's George O'Connor has found a humorous way to deal with the perpetual bid talk surrounding the accountancy software specialist Sage, which was 1¾p higher at 317¼p. "It's Symphony, KKR, Vista, SAP, Microsoft, IBM," he said before adding, "It may even be my aunt Doris." On a more serious note the analyst concluded: "Make no mistake, we are Sage fan-boys - but we dispute the takeover chit chat, hence we encourage investors to bank some profit before trading news gets in the way. We move to Sell." todays Times | valedo | |
12/9/2012 08:51 | The Daily Mail reported a £5.6 billion or 450p per share bid was being lined up by private equity groups KKR and Blackstone. | miata | |
12/9/2012 07:50 | Rumour that SAP about to launch a bid for SGE - todays Times | valedo | |
16/7/2012 15:05 | Mon 16 Jul 2012 Investec has trimmed its target price for accountancy software group Sage from 247p to 243p and retained its 'hold' rating as European weakness continue to hold back sales growth. Sales were flat in the third quarter, compared to 1% growth in the first half. "With UK and Ireland still solid (+5% and +7% in H112), this implies that mainland Europe has modestly worsened from the declines in H112. We estimate that mainland Europe (ie ex UK and Ireland) is c30% of group profits which is the main factor behind our forecast changes," Investec said. The broker is now forecasting flat second-quarter sales in Europe and combined with recent foreign exchange movement, the current-year earnings per share (EPS) estimate is reduced by 2% from 19.6p to 19.2p and next year's estimate is cut by 1.8% from 21.6p to 21.2p. "Trading on c15x FY12E PE, the stock is not particularly cheap and post the recent bounce, we expect it to fall back," Investec said. "We expect tomorrow's analyst day to be upbeat about the business model and long-term outlook, but realistic regarding the varying near term trading dynamics." | soulshaker | |
16/7/2012 10:59 | BE Sage getting a bit of a kicking. Sage Group PLC (SGE:LSE): Last: 276.40, down 8.6 (-3.02%), High: 280.32, Low: 275.00, Volume: 2.30m BE Statement looks okay at first glance. BE Will make consensus, etc. BE But it's clear that Euro-woe is having an effect BE On what's supposed to be a predictable, utility like business. BE "anticipated improvement in growth has not yet materialised" BE As Barclays says .... This should not be a complete surprise given the weakening macro and ongoing sovereign debt crisis. However, at 14x CY13 earnings, Sage is valued as a "save haven" and today's IMS is not supporting this view. BE This is ahead of an analyst day in Newcastle (or possibly Gateshead) tomorrow. BE Barclays again .... The company targets to reach 1x EBITDA leverage by summer 2013, and taking into account the c.£125m payment for its 75% holding in Folhamatic, we believe Sage has around £475m of capital which it can use to either pay shareholders or make further acquisitions. We expect it will most likely be primarily the former as the potential for special divs keeps current shareholders interested while Sage re-engineers its product set for the cloud. | miata | |
14/6/2012 21:14 | Is Intuit the nearest rival? But it is at record levels. So why is Sage being left behind? | zyzzyva | |
14/6/2012 14:39 | Why is this share so cheap? Is this a good price to buy? | zyzzyva | |
06/6/2012 14:13 | does it mean SalesLogix is reliable software but SAP is unreliable? | zyzzyva | |
06/6/2012 08:34 | what does it mean? | zyzzyva | |
01/6/2012 05:30 | It's a solid business but without a booming economy creating new businesses it will just roll on with licence fees (which they are increasing). It was never great at real new product innovation, it just improved the solid products it had bought. If the economy gets kick-started or someone big with cash decides to buy them the shareprice will take off. Look out for the new 'growth plan' to be revealed on July 17. | miata | |
27/5/2012 13:24 | anyone out there use Sage products? is this still a good business? the pe cannot ever have been as low as this before and dividend yield is over 4% and with the buyback on top. no debt either. is this a crazy price? | zyzzyva | |
23/5/2012 07:35 | ignore johnbrowniw, - a serail ramper/deramper. Look at its posting history. | winny155 | |
13/5/2012 17:07 | XD Wednesday. | miata | |
13/5/2012 12:36 | been looking at this one.... seems to be lots of fear about.... could it be a good time to buy? dividend up 30%, revenues growing 2% in difficult times, very strong cash flow and no debt..... even the analysts with sells recommendations admit its a good business.... hmmm | zyzzyva |
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