Sage Share Discussion Threads

[maddox] 04/3/2021 21:32

Thanks binky, much appreciated.

[contrarian joe] 04/3/2021 19:43

Sage Group PLC Share buyback programme 04/03/2021 7:11am UK Regulatory (RNS & others) Sage (LSE:SGE) Intraday Stock Chart Thursday 4 March 2021 Click Here for more Sage Charts. TIDMSGE RNS Number : 1585R Sage Group PLC 04 March 2021 Share buyback programme 4 March 20 21 The Sage Group plc ("Sage" or the "Group") today announces that it is commencing a share buyback programme of up to GBP300 million. The programme will run from 4 March 2021, and is expected to end no later than 4 September 2021. The share buyback programme is consistent with the Group's disciplined approach to capital allocation, and reflects the sale proceeds from recent disposals and strong ongoing cash generation. The Group continues to have considerable financial flexibility to drive the execution of its growth strategy, supported by its robust financial position. Further details of the share buyback programme are set out below. This announcement contains inside information. The person responsible for making this announcement on behalf of Sage is Vicki Bradin (Company Secretary). Enquiries The Sage Group plc [phone] James Sandford, Investor Relations Amy Lawson, Media FTI Consulting [phone] Charles Palmer Dwight Burden Further details of the share buyback programme Sage has entered into a non-discretionary arrangement with Morgan Stanley & Co. International plc in relation to the purchase by Morgan Stanley, as principal, of ordinary shares of Sage (the "Shares"), and intends to enter into a similar arrangement with J.P. Morgan Securities plc (together with Morgan Stanley, the "Brokers") for the latter half of the buyback period. The Brokers will make trading decisions in relation to Shares purchased under the buyback programme independently of, and uninfluenced by, Sage. The Brokers will make a simultaneous on-sale of such Shares to Sage, and all Shares repurchased will be held in treasury and used to meet obligations arising from share option programmes, or other allocations of shares, to employees or directors. Any purchases of Shares contemplated by this announcement will be carried out on the London Stock Exchange and/or other recognised investment exchange(s), and will be effected within certain pre-set parameters. These arrangements are in accordance with Sage's general authority to repurchase up to 109,355,465 Shares granted at its 2021 Annual General Meeting, Chapter 12 of the Listing Rules, and those provisions of Article 5(1) of Regulation (EU) No. 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) and the Commission Delegated Regulation (EU) 2016/1052 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018) dealing with buyback programmes. ENDS This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END POSGZGGFNDRGMZG (END) Dow Jones Newswires March 04, 2021 02:11 ET (07:11 GMT)

[b1nky] 04/3/2021 17:30

Maddox. I would expect 25%. ie as it's a slightly larger percentage than the norm, I would, normally, expect a greater return.

[maddox] 04/3/2021 17:23

Hi binky, Welcome aboard. SGE is buying back up to 4.7% of its Mkt Cap. Using your historical analysis, and with an obvious healthy degree of scepticism, what would that deliver - the 22% you mention, more or less? Regards Maddox

[mellorscarthwaite] 04/3/2021 16:02

Budget new TAX relief on Investments Surely cloud software a winner

[b1nky] 04/3/2021 15:00

Having followed companies that do buybacks for several years now. On average, depending on buyback amount as a percentage of market cap, the share price increases 22% over the period. ie from day one when it is announced to the last day, once it has been concluded.This is for information purposes only. I have entered a long position today. GLA

[maddox] 04/3/2021 13:53

Once an impression gets stuck in people's minds it is virtually impossible to shift it. What was once true of Sage is true no longer. The business has slimmed-down, focused and undergone a significant transformation and yet the accepted wisdom is that it's the same old packed software pusher. Once the beautiful butterfly emerges from the chrysalis will it still be seen as a dowdy moth?

[davwal] 04/3/2021 13:18

I’m expecting a steady increase in share value after the announcement of the buy-back coupled with investors seeking growth opportunities from what is a diminishing pool of stocks that haven’t yet been thrashed to death. As for Sage being a possible dinosaur, I’d say unlikely - very unlikely... not the most exciting around, but it has a strong future.

[chillpill] 04/3/2021 07:26

So today Xero announce an acquisition and Sage are buying more shares back. My worry is Sage is becoming a dinosaur....I am a complete outsider looking in but the world is moving on and is Sage going to be around in 10 years will life pass them by?

[davethehorse] 26/2/2021 19:26

Big drop over the week?

[contrarian joe] 26/2/2021 16:35

Added some at the close.

[amt] 22/2/2021 10:06

KPE you are out of date. The sotware has been completly overhauled and is now state of the art and best of breed. You should read reviews to see what is like today.

[kpe] 27/1/2021 12:46

I agree KevRaff. They have the technology and know how. What amazed me when I switched providers is the speed of their cloud. At first I thought because the accountants work 9-5 it might be a lag during working hours, so I tried during the evening but still lagged. With sage moving to the next box to input data took an age. When ur paying accountants fees per hour you want the quickest time.

[kevraff] 27/1/2021 12:40

Sage is perfectly poised to cement their position as the accounting support leader for the long term. What I would like to see them to do now is engage with Financial Controllers and Accountants that use Sage on the daily to find what they want to improve the platform so that those people dont decide to change provider.

[kpe] 27/1/2021 12:19

I can't believe this share still exists......in the 80s/90s this was the only accounting software with its moat that nobody could touch due to the company's size and the cost of setting a competitor up. Now we have numerous cloud based accountancy software companies which are easier to use, cheaper and work quicker. Accountants are steering away from sage.Most share holders have never used sage or compared others. Just spent 15mins on the phone to sage to confirm a cancellation which should have been done in November. Not good.

[energeticbacker] 25/1/2021 10:33

The balance sheet at 31 December 2020 remains strong, with cash and available liquidity of £1.2 billion. Investor's Champion anticipates strong progress in 2021. Check Investor's Champion's latest Blog: Online platforms have proven themselves over a testing period and should continue to do well as the move online accelerates. #koo #ltg #sge #zyt

[brummy_git] 21/1/2021 09:03

New financial forecasts here. www.linkedin.com/posts/paul-hill-a5994116_sge-activity-6757927532072366080-_gz7

[blackdown2] 21/1/2021 08:41

Agreed. In the medium term, possibly a takeover target for someone like Infosys.

[davwal] 21/1/2021 07:51

A good update in the circumstances which should create positive momentum.

[essentialinvestor] 14/1/2021 17:30

Will add if this dips again. Did not anticipate today's rapid rebound.

[contrarian joe] 14/1/2021 16:33

Out all-day fri will put an order in & see how it plays out.Have just bought some CLDN more for it's discount than it's performance.

[essentialinvestor] 14/1/2021 15:44

I did!, only a small amount unfortunately.

[contrarian joe] 14/1/2021 15:33

Would of grabbed some if I'd been quick enough.

[essentialinvestor] 14/1/2021 14:24

If the price was the revist this morning's low point, that may be a decent entry point- provided trading continues in line.