Share Name Share Symbol Market Type Share ISIN Share Description
Sage Group Plc LSE:SGE London Ordinary Share GB00B8C3BL03 ORD 1 4/77P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.20 -0.8% 647.00 1,646,455 16:35:03
Bid Price Offer Price High Price Low Price Open Price
648.00 648.40 651.80 643.80 651.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,903.00 386.00 27.43 23.6 7,072
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:04 O 7 647.143 GBX

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Date Time Title Posts
11/4/202120:21CAN SAGE make it to 225p - a superb stock3,737
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 (SGE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-12 17:45:04647.14745.30O
2021-04-12 17:13:46648.009195,955.12O
2021-04-12 16:42:22647.1010,58968,521.10O
2021-04-12 16:42:22647.1023,863154,416.76O
2021-04-12 16:36:11647.1147304.14O
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Sage (SGE) Top Chat Posts

Sage Daily Update: Sage Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SGE. The last closing price for Sage was 652.20p.
Sage Group Plc has a 4 week average price of 573.20p and a 12 week average price of 555.20p.
The 1 year high share price is 774.40p while the 1 year low share price is currently 543.20p.
There are currently 1,093,084,337 shares in issue and the average daily traded volume is 2,465,268 shares. The market capitalisation of Sage Group Plc is £7,072,255,660.39.
p1nkfish: 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: 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: If I wanted to continue to buyback I would quite welcome a low price forecast. The gap between the recent two is not immaterial.
spacecake: The share price is below where it was 5 years ago, the customer move to cloud subscription model is slow, very slow. Buying back shares to stuff into the company treasury so that they can redistribute them to themselves though option schemes ain't going to fix anything.
maddox: Whether buy-backs really make sense for shareholders depends on two critical points, specifically: aa> The shares repurchased must be trading at a price below their intrinsic value; AND, bb> There is no better internal use of the cash that would generate a higher return. A very timely analysis just appeared on Yahoo Finance by Simply Wall Street: htTPs:// They've produced a DCF valuation of SGE. Based on their combining of broker forecasts and their own future projections they calculate the current fair value share price of SGE to be 731p - so a 21.3% premium to today's close of 587.8p. This suggests that yes, the buy backs are being purchased at below intrinsic value. But there is still the second test: Is there better internal use of the cash? The rationale for this second question is that in handing back the cash to shareholders they will then need to find a new investment. In making a new investment an external investor will almost certainly be buying in at a premium whereas a firm's internally recycled cash is invested at par value. So it makes better sense to re-invest it rather than return it. SGE has already been making additional investments in its products, its cloud infrastructure and its marketing; also it doesn't appear to need any further bolt-on acquisitions to round-out its product set. Quite the reverse, it has been divesting its geographic implementation capability as it moves towards a local partner model. It has also sold-off its non-core activities such as payment acquiring (SagePay). SGE therefore does appear to have surplus cash that the best use of which is to buy back its own shares that are trading below current intrinsic value. There is of course a potential kicker here, if that current intrinsic value calc doesn't reflect the improving prospects from SGE's transformation. The current buy-back programme might also signal that SGE's transformation investment cycle is at an end and management are now looking towards future organic growth returning, which is not reflected in the current share price. So, what are your thoughts? Regards Maddox
bengrady: Binky, the announcement says that the bought back shares will be held in treasury meaning they will not be cancelled. Does your calculation of the increase in share price apply in this case as the number of shares in issue is not being reduced?
contrarian joe: 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 +44 (0) 7900 046714 James Sandford, Investor Relations Amy Lawson, Media FTI Consulting +44 (0) 20 3727 1000 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 or visit 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: 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
bookbroker: Could be a good time to strike, already halfway through re-organisation, selling off non-core assets, high cash balance, weak share price, hopefully on the backside of Covid, much of damage done to small businesses. That may impact on earnings but subscription, cloud based business will enable sizeable benefits to be achieved.
maddox: Following the Q1 update it appears that Canaccord Genuity have upgraded SGE to a Buy with a share price target of 820p ('Neutral' and 770p previously). Meanwhile three others have reaffirmed their recommendations - but have all increased their share price targets: Deutsche Bank reiterates 'Sell' with a target price of 725p (650p) Credit Suisse reaffirms its 'underperform' share price target 640p (610p) Barclays reiterates 'Underweight' with a target price of 620p (580p) So Canaccord has broken ranks, it'll be interesting to see whether we get other upgrades if the positive updates continue this year. Regards Maddox
Sage share price data is direct from the London Stock Exchange
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