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SAG Science Group Plc

415.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Science Group Plc SAG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 415.00 07:37:52
Open Price Low Price High Price Close Price Previous Close
415.00 415.00 415.00 415.00 415.00
more quote information »
Industry Sector
SUPPORT SERVICES

Science SAG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/03/2023FinalGBP0.0518/05/202319/05/202316/06/2023
16/03/2022FinalGBP0.0519/05/202220/05/202217/06/2022
09/03/2021FinalGBP0.0420/05/202121/05/202118/06/2021
10/09/2020InterimGBP0.0224/09/202025/09/202023/10/2020
05/03/2019FinalGBP0.04625/04/201926/04/201917/05/2019

Top Dividend Posts

Top Posts
Posted at 21/3/2024 14:42 by truffle
Not sure I agree with all of those comments.
Ratcliffe has run the company pretty well and its good to have a big hike in the dividend.

I do however agree that the company should have, and deserves to have, a higher market/public profile which would help it enormously.
Let's hope that happens sooner rather than later

I remain a long term holder.
All IMHO and DYOR
Posted at 31/1/2024 16:58 by life of crime
The share buybacks last year shows long term confidence by the management. Their strong cash position leaves them well placed to make further acquisitions, which has worked well with TPG and Frontier.

If the stock market underperforms this year because of geopolitical tensions, then there may be other tempting targets, with good businesses seeing their share price drop solely down to market conditions, or a good company being let down by poor management, or a combination of both. SAG have proven they have a good nose for companies with untapped potential and their model of buying large stakes at distressed prices, before an eventual buyout, has proven very successful with TPG and Frontier.

Their main strength is the management. They know how to turnaround businesses and add value. Warren Buffett always says the first thing he looks at when making a purchase is the management. I have learned the hard way that you can have an excellent business but if you have a lot of clueless clowns in charge, it will still be driven into the ground (i.e. Frontier}. That is when well run firms like SAG step in.

This is still a long-term hold for me and I believe at some point a bigger player will see the strengths of this firm, and they will be a takeover target themselves (and at a hefty premium to today's price, IMHO).

PS. Happy Brexit Day!
Posted at 02/10/2023 20:06 by johndoe23
You have seen the small cap market the past 18 months or so? SAG has held up pretty well.
Posted at 24/7/2023 13:09 by varies
The acquisition of TPG seems to be proving a success but a clearer picture should emerge with the accounts for full year.
On the other hand Frontier Smart Tech is having a more difficult year.
I hope that SAG allows more time to digest TPG before making another acquisition but there must be many quoted companies whose share price Mr. Radcliffe now finds attractive.
Posted at 18/5/2023 12:24 by kalai1
Science Group plc issued an encouraging AGM trading statement this morning. In the first months of 2023 the Group has traded in line with the Board's expectations, with the services divisions reporting growth, while Frontier continues to experience the impact on the consumer electronics industry from the economic slow-down since mid-2022. Current consensus has FY23 revenues up over 50% to £132m with net profit up over 35% to £14.5m. So a year of robust top and bottom line growth is in store. The integration of TP Group is proceeding satisfactorily, the Group's balance sheet remains healthy with net cash at £19.6m. Valuation is decent if not outright cheap with forward PE ratio at 12.7x, but the share price lacks momentum and has been drifting sideways for nearly 2 years. SAG is certainly a share worth monitoring for the time being, although the share price may need a catalyst to start moving higher...

...from WealthOracle
Posted at 25/3/2023 18:22 by johndoe23
Hi Jane. Maybe a question for liberum? Certainly I have no answer. What is your impressions of SAG?
Posted at 21/3/2023 12:06 by illiswilgig
Slightly better than I'd expected. Services seems to have more than made up for loss of profitability at Frontier - quite likely due in part to a tailwind on revenue and profits from the US, thanks to the hedging cap very astutely set lower during the year.

And the 0.6m operating profit contribution from TPG group which I think bodes well for it's performance once fully integrated. Very impressive job of clearing out all of the unprofitable businesses prior to the final acquisition.

Defence looks good for quite a while now and the current growth rate of TPG services should make a good contribution to futire growth at SAG.

I can see that management are cautious over the return of profit margin at Frontier - anything may happen in the next few months. It will offer yet more upside when it does come.

Return of reasonable profit margins at TPG maritime will likely not be quick. But I'll settle for a better performing long term business than the maximisation of profits.

All in all I think management expectations for the year are overly cautious given current performance - but that's entirely understandable.

The growing cashpile, sizable even after paying for TPGroup, combined with the unused RCF provides plenty of room to invest in more growth - or more acquisitions.

I look forward to the coming year, and if I manage to find any spare cash down the back of the sofa I will be continuing to add to my holding at current prices,

cheers
Posted at 27/2/2023 17:53 by illiswilgig
My understanding is that SAG offered 2.25p for the outstanding 72% of TPG shares they didn't already hold.

With 779.2m shares in issue will have cost them around £12.6m - in addition to the £12.5m or so spent earlier buying up the 28%?

Seems £25m is the full cost of acquisition (plus fees etc but minus payments from TPG to SAG for the standby loan facilities)?

I've been buying a few more when I can find some spare cash, will continue to do so whilst the share price remains at these low levels,

cheers
Posted at 17/2/2023 07:57 by illiswilgig
Yes, taken a while for the brokers to put something in for TPG.

I think SAG management is being cautious and the market has seen all the write-downs and losses at TPG and is not seeing the turnaround that has already been established.

The latest figures forecast a profit increase of 1.8m to 14.5m.for the current year to dec23

But the 2 TPG divisions - services and maritime - being brought onboatd made adj op profit of 1.8m in the last 6month reporting period alone.

It will take time to complete the turnaround at TPG maritime but given grrowth at SAG plus continued growth in TPG services it looks to me like there is still plenty of room for more upgrades later in the year?

Even if for some reason profit growth disappoints in the short term - its looking very cheap based upon historic rating. Short of funds right now but I've been adding a few when I find some cash down the back of the sofa.

cheers

cheers
Posted at 07/2/2023 17:39 by life of crime
Good to see the slimming down of TPG continues with the sale of another non-core asset, via Westek. They only got £800K but I assume the main objective was to reduce the firm down to the parts that SAG feel have the real potential.

Obviously Westek did not fit that bill and it would have been a distraction, so best to let it go. At least most of the employees should keep their jobs. It was encouraging that the last update indicated SAG believed TPG was going to be net cash generative this year and any monies raised from disposals only helps.

It is good to see SAG back to £4, so onwards and upwards!

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