Sage Share Discussion Threads

[amt] 14/5/2021 06:39

What nonsense. How can it be called Jam tomorrow.
Its the UKs leading software company and has been for years and paying a decent dividend.
Its got through the pandemic remarkeably well.
Its changing its business model to subscription like many other software companies so a little bit of patience required.
Got to be in demand from pension funds looking for yield and steady secure growth.

[spacecake] 14/5/2021 06:26

Another 'jam tomorrow' story, while in present it's glacial progress.

[amt] 14/5/2021 06:14

Expect some upgrades then

[amt] 14/5/2021 06:14

Following a strong performance in the first half, we now expect organic recurring revenue growth for FY21 to be towards the top end of our guidance range of 3% to 5%

[p1nkfish] 29/4/2021 08:17

Buyback keeps on chugging along.

[b1nky] 14/4/2021 23:32

The estimate I gave wasn't specific to sage. It was an average. Taken in good markets and bad. Undervalued stocks and otherwise. (Having said that, buybacks presumably only occur when the management think that the stock is undervalued). The market has been very strong of late, and the economy is recovering strongly. So, yes, I think they will perform better than my original estimate. GLA

[p1nkfish] 11/4/2021 19:21

I agree. A spring being wound and predictability of SaaS will only help. Will remain here to see this work its way through. Might add if there is a pull-back, hold a decent amount already at sub £6.

The Soc Gen price target reduction to £5.30 is counter to your and my thinking.
That is the interesting thing, might lead to some pull-back the buyback could take advantage of and so could I.

Why would Soc Gen do that given the evidence of price action, buyback and business transition?

[maddox] 11/4/2021 18:35

Hi binky,

We are a fifth of the way through the buy-back programme (19.7% to be precise - on both volume and value) with 492,915 shares purchased, lowest price paid 574p, highest paid 656p and weighted average price paid 599p. The share price has moved up c.13% and is moving higher more rapidly on less volume.

Seems to me, we might see a far higher rise than your original 25% estimate - whatdayareckon?

I'd appreciate your thoughts.

Regards, Maddox

[p1nkfish] 10/4/2021 09:13

If I wanted to continue to buyback I would quite welcome a low price forecast. The gap between the recent two is not immaterial.

[p1nkfish] 08/4/2021 22:45

Thank you Mdx.

[p1nkfish] 08/4/2021 15:35

Oh - don't follow but good luck with it if you do.
DBAY bought off Dir at 150p, results soon and looks like a roadshow type of talks due - for one reson only - to drum up share support.

SAGE - I think they are tidying up for a sale and hence the Swiss non-core disposal, or, they are tidying for a purchase within their core.

Either way they are reducing distractions for a reason that should be value enhancing overall imho. DYOR etc.

[b1nky] 08/4/2021 15:26

Just followed you in to ANX. I like it!!!

[p1nkfish] 08/4/2021 12:52

Lovely!
Good to see and I suspect it will hold a fair amount of these gains this time. DYOR etc and GLA.

Took a position in ANX same time and expecting that to pop-up in next 2-6 months if I have my ideas straight - don't buy it, just my whitterings, pleased SAGE did as expected and hope the same for ANX.

[b1nky] 08/4/2021 12:27

Told yer!!!!

[spacecake] 01/4/2021 15:34

It's on it's way, buybacks ?

[rolo7] 01/4/2021 12:58

Breaking out here?

[essentialinvestor] 29/3/2021 15:34

amt, point taken, luck with your holding.

[amt] 29/3/2021 07:52

Sorry I meant dividend doubled.
EPS up 50%
Whichever way you look at it that's not slow growth for a very large company

[essentialinvestor] 29/3/2021 07:26

Analysis is overstating it!.

Underlying EPS in 2010 was 19.8 pence a share.

How has that ..nearly doubled?.

[amt] 29/3/2021 06:44

Essential Investor. EPS almost doubled in ten years and pe of 21.
I think you need to work harder on your analysis.
Hardly a chunky pe and definitely not slow growth.

[nhb001] 21/3/2021 11:49

Sage's cloud customers are located on Microsoft Azure are they not?

[spacecake] 20/3/2021 09:21

TV ad last night, first one I have seen in ages, far better use of cash than buying back shares IMO. HQ on the move again moving from Gosforth great park to Cobalt business park. On the same site is what used to be called cobalt data centre, now called Stellium -
It's interesting to think of Sage's move to the cloud and them moving next to a very large facility (the UK's largest purpose built campus). However, would they want to own their own equipment ?

[essentialinvestor] 17/3/2021 16:02

Sage has been low growth for 10 years.

However it remains on a chunky forward multiple.

Question is, can they reignite growth?.