Sage Share Discussion Threads

[miata] 28/10/2013 09:03

28 Oct 2013 Sage Group (The) PLC SGE Jefferies International Buy 335.25 331.90 320.00 380.00 Upgrades

[major clanger] 04/7/2013 16:16

Some broker feedback from SGE's analyst day:

www.brokerforecasts.com/news/article/articleId/4626913

[miata] 10/6/2013 22:55

Sage Group sold Sage ACT! and Sage Saleslogix to Swiftpage and Sage Nonprofit Solutions to Accel-KKR. Like Invensys (which just sold its rail business) it is returning cash to its shareholders. It is a smaller company and with current very low interest rates seemingly has no earnings enhancing place for the funds released. True it maintains EPS for management and ensures the share price holds up. Personally I never think that sharebuybacks are large enough to benefit the small investor and would rather have the cash back.

[jimandsons] 10/6/2013 19:16

I'm a bit dim and I wondered if anyone could explain what is going on, or rather why it is going on?

Return cash via special dividend instead of simply more share buyback.

Immediately seek additional funding facilities.

Consolidation of shares by 5%.

I understood the 1:5 share split when the price rose to a big number, but I simply cannot understand why anyone would want the cost of all of this apparently pointless activity.

The only explanation I have seen is some kind of conspiracy theory that it is all to artificially boost EPS for management bonuses. Surely not?

Are we all clueless "swivel eyed loons" , or is there a rational explanation?

I have zero financial expertise, this is a genuine question, not some kind of clever comment.

[major clanger] 21/5/2013 20:52

Dumped by Sanlam Securities today, I see...

[a77] 15/5/2013 11:27

Drop more than divi!

[miata] 15/5/2013 11:02

Nice increase yesterday maintained this am - after adjusting for Ex dividend.

[a77] 15/5/2013 10:02

Yes, so they could have just repurchased their own shares rather than this long winded cap re-org and special cash div. Fees for advisors...............
Anyways nice increase yesterday wiped out this am - pomo still continuing so may see further gains yet.

[miata] 14/5/2013 19:41

I might speculate that directors bonuses/share awards are probably linked to improvements in EPS - a buy-back generally results in an increase in the EPS because the number of outstanding shares reduces.

[a77] 14/5/2013 19:22

Why didn't they re purchase their own shares instead of this special div lark?
Less cost & administration.
Is there a tax benefit? Or is the share price now too high for the repurchase to have been beneficial?

[a77] 14/5/2013 18:42

Interim div 3.69p - record date 17/5.

[miata] 14/5/2013 17:57

17.1p per share.

EXPECTED TIMETABLE
Ordinary Shares marked ex-Existing Interim Dividend Wednesday 15 May

Payment of the Existing Interim Dividend to Shareholders Friday 7 June

Shareholder Record Date for the Special Dividend and for the
Share Consolidation 6.00 p.m. on Friday 7 June

Commencement of dealings in New Ordinary Shares 8.00 a.m. on Monday 10 June
Ordinary Shares marked ex-Special Dividend Monday 10 June

Despatch of cheques for fractional entitlements and
certificates for New Ordinary Shares; CREST accounts
credited with the value of fractional entitlements Wednesday 19 June

Payment of the Special Dividend to Shareholders Friday 28 June

[a77] 14/5/2013 17:33

Consolidation for 81 shares held you'll get 77 new shares (5% drop)
Special div 17p per share.
So net effect - shareholders effectively lose the tax deduction on divs

[jardi20] 10/5/2013 21:05

What date is the special div ????

[valedo] 09/5/2013 09:09

Sage executive drops into the cloud

The finance director of a FTSE 100 software developer has jumped ship for the same job at a fast-growing company on the junior AIM index.

Paul Harrison has left Sage Group after 13 years for the Sheffield start-up WANDisco, a cloud software developer that listed last year and whose shares have risen almost fivefold since. They gained another 43½p, or 5 per cent, yesterday to reach 983½p.

Mr Harrison joined the Newcastle-based Sage in 1997 and was promoted to finance director in 2000, but he failed to get the top job in 2010, despite being a front runner.

It was, he said, the right time to leave: "No doubt Sage is set on a really exciting course now. When things are going well, then that is the time to think about your future. I am joining a smaller and faster-growing business."

Anthony Miller, of TechMarketView, the research company, said: "There's no doubting that Harrison will add 'gravitas' to the WANdisco board. But let's hope that he is polishing up his quickstep after years waltzing at Sage."

Mr Harrison's departure emerged alongside appointments to Sage's board, including that of Neil Berkett, the outgoing chief executive of Virgin Media, and Jo Harwell, Nokia's head of product development.

The newcomers' arrival will mean that the board has been almost entirely cleared out since Paul Walker, its former chief executive, left in 2009, with only his replacement Guy Berruyer dating back to the company's earliest days.
Times

[major clanger] 08/5/2013 18:23

Broker recs for today.... mostly sticking at hold:

[uknighted] 08/5/2013 17:23

Special dividend of 17p per share.

[birdsedgeuk] 04/5/2013 20:13

www.traderdiary.co.ukI see he has started up articles again...

[el chupacabra] 18/3/2013 18:48

lol, what happened here today! tree shake?

[uknighted] 11/3/2013 20:58

"Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'.

The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud computing."

[miata] 11/3/2013 11:43

Merrill selling.

[major clanger] 06/3/2013 20:06

View from Numis:

[trunkyjo] 20/2/2013 12:52

is sage a prime target for being acquired is that why they are building up their bank account?

[dimotane] 20/2/2013 09:03

momentum still with this one.