Share Name Share Symbol Market Type Share ISIN Share Description
Sage Group 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
  +8.00p +1.02% 789.50p 789.50p 790.00p 791.50p 782.50p 784.50p 340,562 10:44:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,715.0 342.0 27.8 28.4 8,536.88

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Date Time Title Posts
27/11/201722:02CAN SAGE make it to 225p - a superb stock3,484
10/5/201320:05SAGE: CHARTS, NEWS ETC.16
14/4/200414:04100p -- Only debate now is when680
17/12/200311:28SAGE SELL!SELL!! TARGET PRICE 120P12

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Sage Group Daily Update: Sage Group is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SGE. The last closing price for Sage Group was 781.50p.
Sage Group has a 4 week average price of 752.50p and a 12 week average price of 688.50p.
The 1 year high share price is 820p while the 1 year low share price is currently 595p.
There are currently 1,081,302,242 shares in issue and the average daily traded volume is 3,637,142 shares. The market capitalisation of Sage Group is £8,553,100,734.22.
maddox: Sage up 22p 3.22% to 705p as I post. Strangely, this appears to be due to a change of heart by UBS analyst Michael Briest that has moved his recommendation to Neutral from Sell, although the price has already shot past his share price target of 680p! Of course, its worth pointing out that anyone following Michael Briest's previous recommendations would have missed out on a 90% share price gain and 103% total return including dividends in under 3 years. And he's still only moved to 'neutral'? Regards Maddox
maddox: The Trading Update has some very positive aspects IMHO. Firstly, on the trading update Sage have reconfirmed their guidance for FY 2017 of at least 6% growth and 27% margin. Ok, no change so what? Well what is interesting is that the full year targets are not changing even though they are spending $850m on a fast growing but loss making US Cloud Financial Systems business ‘Intacct’;. One might have expected that this together with the funding costs and other two recent acquisitions might dent the results a tad – but no. Also, the US payments business now being disposed of has provided a further drag on growth. The implications of all this are that growth is accelerating but is being masked by the investments Sage are making. Similarly, whilst not significantly impacting the top-line numbers the new Cloud products are gaining customers and the move to SAAS pricing and service transformation are all proceeding well. This situation is not likely to continue indefinitely at some point quite soon the revenue growth and margin improvements are likely to become clearly visible. When it does the current pause in the share price appreciation will end and a further re-rating is likely. Regards Maddox
dogwalker: There'll surely be pressure now to buy here, given the number of pundits, brokers etc.,who, up until today, had been forecasting share price under-performance.
maddox: Hi Squash, Regarding the current share price dip - it is not within my gift to offer an explanation. For example there are no Hedge Funds holding large short positions (>0.5% of share capital). In general, the market is not 'rational' or 'efficient' at setting prices. As Warren Buffett said "I'd be a bum on the street with a tin cup if the markets were always efficient" The market will thus oscillate between under-valuing to over-pricing and both present opportunities to the PI. In the case of Sage three months ago Mr Market was offering us the shares at 752p but now only 624p and yet the results are excellent?!? IMHO I cannot envisage them getting much lower but I can certainly see them getting back to 700p plus. Regards, Maddox
maddox: If you haven't spotted it there is a very nice piece of detailed fundamental analysis by Phil Oakley hxxp:// You cannot argue with the numbers but I also like to take a strategic analysis approach to understand the underlying drivers and competitive positioning. I think that there is still more to come, so I will add on any fall-back in the share price in the wake of any profit taking. Sometimes it pays to buy expensive.....Sage is a case in point. Regards, Maddox
maddox: There is a saying within the cyber security community 'that there are those businesses that have been hacked - and those that don't know that they have been hacked!' These announcements are unfortunately becoming a fact of business life, and destined to increase as mandatory reporting becomes the legal requirement. Whilst, the news that Sage have suffered an internal breach of security is very disappointing it is unlikely this will cause a material cost to the business. Dido Harding CEO of TalkTalk was embarrassingly inept in handling the reporting their data breach incident last year - but long-term damage has been minimal and the share price recovered. It will be interesting to watch how well Sage respond and manage the PR. It is these, what I call, 'acid test' moments that provide a great insight into how good the management team of a business is. A serious challenge such as this, if well handled, can reinforce confidence that you can trust them with your personal investment in their business. Regards Maddox
maddox: Another good day for Sage investors as it has closed at another high at 655.5p. A couple of interesting updates on the broker forecasts, JP Morgan Cazenove have re-iterated their 'Overweight' recommendation and upped their share price target to 700p from 670p. Whereas, Credit Suisse have also re-iterated once again their 'Underperform' recommendation. However, it is worth noting that their share price target has also been increased to 600p from 560p of only 4th July. A year ago their recommendation was also 'underperform' and share price target 420p - so they've managed to increase their target by a whacking 43%!! So they haven't done their advisory clients any favours - being consistently well behind the curve. Regards, Maddox
maddox: First Half Results - the highlights: Operating performance ‒ Improved organic revenue growth to 6.2% (H1 2015: 5.0%), achieving double digit recurring revenue growth of 10.0% (H1 2015: 8.1%); ‒ Accelerated software subscription growth to 35.3% (H1 2015: 25.4%) in line with planned transition and corresponding decline in SSRS revenue of 6.3% (H1 2015: -2.0%); ‒ Customers embracing closer relationships with a 50% increase in subscription contracts to 842,000 (H1 2015: 561,000); ‒ Strong results in Europe, North America and Africa were balanced by a slower performance in Asia, which benefited from non-repeating revenues in the prior period. - An 8% increase of the interim dividend to 4.80p. - Underlying cash conversion of 111%. So the 22p drop in the share price is surprising and I presume in response to the fall in margins from 28.2% (full-year 2015) to 25.4%. However, this fall was flagged and due to an increase in marketing spend. The full-year target of 27% operating margin remains in place and the CEO and MD repeatedly stated that they are confident of hitting it and 6% revenue growth. So IMHO little to be concerned about, in fact there was much to be optimistic about in these results. The transformation of Sage appears to be working albeit it's too early to be evident in the top-line figures. Growth in new product sales (all priced on a SAAS model)look very encouraging but primarily customer conversions rather than new customer wins thus far. Also, this decisive transformation is causing some collateral damage with office closures and a shedding of staff in non-strategic areas. Seventy of the top one hundred staff have changed with thirty new recruits to execute the new strategy. So with Mr Market taking a different view to my own I'm tempted to pick up a few more. Regards, Maddox
maddox: I've been trying to get some further insight into that early c.5% drop. It appears that there was some confusion caused by the statutory reporting of Operating Profit. Under the required IFRS (International Financial Reporting Standards) treatment Sage have had to net-off certain items such as £62m goodwill impairment relating to their acquired Brazilian operations. Looking at the statutory operating profit rather than the organic profit Sage's profit has fallen - hence the immediate share price reaction. The goodwill impairment is non-cash and in local currency terms Sage's revenue grew 8%; but due to Brazil's economic uncertainty and the value of the Real the economic value of their operations has been reduced (i.e. impaired in the jargon). Whilst I understand the rationale I'm not sure that taking these non-cash items through the P&L, as IFRS requires, is particularly helpful - as we've witnessed today. As I write the share price has recovered somewhat and is now 1.91% down at 565p. Regards, Maddox
mike740: SGE SAGE GROUP Stock at an interesting point where the share price is looking to breakout from a downtrend channel .We have had Recent CEO big buy of stock in late august.The momentum appears to be moving positive. Sage Group (The) share price information Name Sage Group (The) Epic SGE Sector Software & Computer Services ISIN GB00B8C3BL03 Activites Sage is a world-leading supplier of accounting and business management software to small and medium-sized enterprises. Index FTSE 100 Latest share price (p) 513.75 Net gearing (%) 56.77 Market cap (£m) 5,435.47 Gross gearing (%) 63.50 Shares in issue (m) 1,077.40 Debt ratio 36.53 P/E ratio 29.56 Debt to equity ratio 0.33 Divs per share (p) 12.12 Assets / equity ratio 2.74 Dividend yield (%) 2.47 Price to book value 6.93 Dividend cover 2.23 ROCE 0.15 Earning per share (p) 17.07 EPS growth (%) 329.97 52-week high / low (p) 584.00 / 346.70 DPS growth (%) 7.07 11 Aug 15 Citigroup Buy 513.75 585.00 585.00 Reiterates
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