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Share Name Share Symbol Market Type Share ISIN Share Description
Sage Grp. 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
  -3.00p -0.50% 601.00p 600.50p 601.00p 607.50p 599.50p 607.00p 2,802,791 16:29:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,435.5 275.8 18.1 33.2 6,485.36

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Date Time Title Posts
25/5/201610:59CAN SAGE make it to 225p - a superb stock3,440
10/5/201321:05SAGE: CHARTS, NEWS ETC.16
14/4/200415:04100p -- Only debate now is when680
17/12/200311:28SAGE SELL!SELL!! TARGET PRICE 120P12

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Sage Group Daily Update: Sage Grp. is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SGE. The last closing price for Sage Group was 604p.
Sage Grp. has a 4 week average price of 593.34p and a 12 week average price of 606.57p.
The 1 year high share price is 639p while the 1 year low share price is currently 482.90p.
There are currently 1,079,095,005 shares in issue and the average daily traded volume is 2,234,384 shares. The market capitalisation of Sage Grp. is £6,485,360,980.05.
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
maddox: Well here we are, today is Sage's 2015 Capital Markets Day. It will be interesting to see whether Sage's management team are able to persuade the analysts to revise their (overwhelmingly) negative opinions on Sage's prospects: Strong Buy - 1 Buy - 1 Neutral - 7 Sell - 1 Strong Sell - 8 Must say the opening share price movement doesn't bode well, down 11p (2%) at 538p as I post. Well FWIW my view is positive: hTTp://www.stockopedia.com/content/sage-has-rediscovered-its-mojo-98464/ What am I missing? Regards, Maddox
maddox: The current broker views are still reflecting scepticism about Sage: Strong Buy - 1 Buy - 1 Neutral - 6 Sell - 1 Strong Sell - 8 and their price targets are all well below the current share price. Its going to be interesting to see whether Stephan Kelly can change their perceptions. He will be laying out his strategy and ambitions for the business next month, Sage Capital Markets Day 24 June 2015. Regards Maddox
essentialinvestor: Maddox, how much does the rapid re-rating already allow for?. The growth prospects have changed little, it's the perception that has changed which has lead to the rapid share price run up.
maddox: Sage continues to buy-up shares but the share price continues to fall. Seems that there are plenty of weak holders or are shorters providing XS liquidity?
miata: 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.
a77: 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?
miata: Panmure Final results feature a massive increase in the dividend to 9.75p – way ahead of our top of the range estimate of 8.9p. In addition cash flow remains strong, the company is adding new customers, there is continued growth in the subscriptions, and the European margins surprised at 29% Adjusted EBITA (we had expected 24.5%). What's not to like – well, to be frank, the outlook statement is more guarded than we expected – it flags up a range of 'macro' worries and this will make for a subdued share price. For 2011A we were ahead of consensus – and results are a shade better than expected; for 2012E we are a shade below consensus and we make another downward revision this morning – however, strong Euro margins result in an increase to our EPS from 20.5p to 20.6p. Shares remain attractively valued P/E 13.4x but even after the step change the dividend yield is only 3.8% (i.e. investors can get better yields elsewhere). Our gripe Sage needs to do a more convincing job on growth. We retain our ongoing Buy recommendation as we nudge up our price target from 326p to 333p.

Sage Group (SGE) Latest Trade

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Trade Type Trade Size Trade Price Trade Date Trade Time Currency
6,213 600.48 25 May 2016 17:01:23 GBX
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