Share Name Share Symbol Market Type Share ISIN Share Description
Sage Group 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
  -6.00p -0.86% 694.00p 694.00p 695.00p 697.50p 690.00p 697.50p 1,972,271 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,569.1 274.5 19.3 36.0 7,501.30

Sage Group Share Discussion Threads

Showing 4751 to 4773 of 4775 messages
Chat Pages: 191  190  189  188  187  186  185  184  183  182  181  180  Older
DateSubjectAuthorDiscuss
16/8/2017
14:37
Sage up 22p 3.22% to 705p as I post. Strangely, this appears to be due to a change of heart by UBS analyst Michael Briest that has moved his recommendation to Neutral from Sell, although the price has already shot past his share price target of 680p! Of course, its worth pointing out that anyone following Michael Briest's previous recommendations would have missed out on a 90% share price gain and 103% total return including dividends in under 3 years. And he's still only moved to 'neutral'? Regards Maddox
maddox
29/7/2017
12:51
The Trading Update has some very positive aspects IMHO. Firstly, on the trading update Sage have reconfirmed their guidance for FY 2017 of at least 6% growth and 27% margin. Ok, no change so what? Well what is interesting is that the full year targets are not changing even though they are spending $850m on a fast growing but loss making US Cloud Financial Systems business ‘Intacct’;. One might have expected that this together with the funding costs and other two recent acquisitions might dent the results a tad – but no. Also, the US payments business now being disposed of has provided a further drag on growth. The implications of all this are that growth is accelerating but is being masked by the investments Sage are making. Similarly, whilst not significantly impacting the top-line numbers the new Cloud products are gaining customers and the move to SAAS pricing and service transformation are all proceeding well. This situation is not likely to continue indefinitely at some point quite soon the revenue growth and margin improvements are likely to become clearly visible. When it does the current pause in the share price appreciation will end and a further re-rating is likely. Regards Maddox
maddox
05/6/2017
09:44
A number of 'broker recs.' out today, with the usual wide spread of forecasts. I like GS's, suggesting 860p....
dogwalker
02/6/2017
16:56
SGE selling it's American business.
contrarian joe
03/5/2017
18:06
There'll surely be pressure now to buy here, given the number of pundits, brokers etc.,who, up until today, had been forecasting share price under-performance.
dogwalker
03/5/2017
15:45
Hi Dogwalker, Very much like these results - still a work-in-progress but the transformation strategy is clearly starting to deliver results. The core business and transition to SAAS pricing continuing at a pace but the focus on new customer acquisition is really very exciting. Very impressive.
maddox
03/5/2017
07:14
Today's results appear good enough to me, especially the bit about 'increasing momentum'. And the 9% dividend rise.
dogwalker
01/5/2017
14:07
Shame that the 'Telegraph's' so-called 'Questor' column can't draw a coherent line under its views re this company. In the S.Tel we're suddenly negative because of a forecast p/e of all of 18 ! A few month's ago - can't remember when - it was a buy at a higher price.
dogwalker
13/4/2017
22:15
Broken out of it's six month downtrend convincingly,with the ftse100 struggling.
contrarian joe
21/3/2017
16:24
Why the drop again ?
squash90
08/3/2017
18:12
htTp://www.chroniclelive.co.uk/business/business-news/newcastle-tech-firm-sage-announce-12711447
eipgam
03/3/2017
11:59
Fairsail must be a good company ??
squash90
27/2/2017
17:44
Thanks Maddox. It would have cost you as much as 761p to buy Sage shares last October. On Thursday, they could be had for less than 600p, although you'd have had to be quick. Chief executive Stephen Kelly and chairman Donald Brydon were. Kelly paid £149,000 for 25,000 shares in the accountancy software giant at 596.5p, a post-referendum low. Brydon got his 10,000 shares for 599.9p. Clearly, the market shares their optimism. Losses following Thursday's largely in-line first-quarter trading update are unwinding quickly. At 611p, currently, both have made a nice paper profit already. But they should do better. Sage had already warned that the start of 2017 would be slower, and the US payments business did peg underlying growth at 5.1% for the three months. A year earlier, it had been 6.6%, and 6% over the whole 12 months. However, strip out the up-for-sale US payments operation it was 5.9%. David Toms, an analyst at Numis Securities, rates the shares 'add' with 765p price target.
contrarian joe
24/2/2017
14:14
Sage tipped as a BUY at 633p in Investors Chronicle: 'We feel multinational accounting and payroll software specialist Sage(SGE) is using its dominant market position to make the most of the opportunities on offer while competently managing the transition of older business.' 'We feel a forward PE ratio of 19 times 2018 earnings is a price worth paying for a dominant player that's rising to the challenge of changes in its industry and embracing the opportunities for growth.' HTTP://www.investorschronicle.co.uk/2017/02/23/tips-and-ideas/share-tips/a-sunny-outlook-for-sage-DvqNq57JtKWZwsFR03QVmM/article.html Regards Maddox
maddox
27/1/2017
11:43
Hi Joe, Agreed. Mr Market is in a fickle mood - any negatives and the share price plummets. Their margin dipped and recovered last year and I have every confidence in them hitting their full year targets of 6% organic growth and 27% margin this year. As you say good opportunity to get on board or top-up.
maddox
26/1/2017
22:04
Added here today,mixed update which the board did highlight in their 2016 Annual report for weaker margins Hi 2017 followed by stronger H2 margins.It seems i'me in good company.Nick Train,Terry Smith,Hugh Yarrow,Richard Buxton,all have them in their top ten holdings, followed by Standard Life 7% & Schroders 5%.
contrarian joe
24/1/2017
08:35
50p plus drop in a week
squash90
14/12/2016
08:28
CJ You are correct, the underlying eps gives a better reflection of the valuation. Using 2016 results, SGE currently trades around 23x earnings and 25x when net debt is taken into account. If SGE can continue to grow the business, profitability and dividends, then it may well deserve this multiple. One to watch as you say.
njb67
13/12/2016
21:35
Statutory eps 2016 19.28. Underlying eps 2016 27.48 " " eps 2017 32.1 ( estimate) " " eps 2018 35.2 ( estimate) The statutory 19.28 eps for 2016 was due to a £110m non recurring cost,might be wrong, that's how I've read it.If those figures are to be believed then we have a 2018 p/e of 18.5.Bounced of it's upward trend line today,on my watch list,will accumulate on any weakness.
contrarian joe
13/12/2016
15:21
I like the company but not the valuation - 32x earnings (closer to 40x when you take into account the £1bn debt). While Sage rightly commands a premium due to its historic growth and prospects, it is very fully valued already hence will be prone to changes in market sentiment. GLA
njb67
13/12/2016
14:26
Hi Squash, Regarding the current share price dip - it is not within my gift to offer an explanation. For example there are no Hedge Funds holding large short positions (>0.5% of share capital). In general, the market is not 'rational' or 'efficient' at setting prices. As Warren Buffett said "I'd be a bum on the street with a tin cup if the markets were always efficient" The market will thus oscillate between under-valuing to over-pricing and both present opportunities to the PI. In the case of Sage three months ago Mr Market was offering us the shares at 752p but now only 624p and yet the results are excellent?!? IMHO I cannot envisage them getting much lower but I can certainly see them getting back to 700p plus. Regards, Maddox
maddox
13/12/2016
12:35
Thanks Maddox
squash90
13/12/2016
10:29
Sage has hit its numbers again with this excellent set of results (full year to 30 Sept 16), the published highlights being: • Achieved organic revenue growth of 6.1% (FY15: 6.0%) and the fastest rate of recurring revenue growth for a decade of 10.4% (FY15: 9.0%); • Software subscription growth of 32.3% (FY15: 28.9%), in line with the planned transition and planned decline in SSRS revenue of 8.5% (FY15: decline of 0.7%); • Customers embracing closer subscription relationships with 46% increase in software subscription contracts to just over one million (FY15: 690,000) and an increase in retention rates to 86% (FY15: 84%); • Accelerating revenue growth in Europe, Africa and Brazil; slower performance in Asia (one off regulatory change in the prior year); growth in North America consistent with last year; • Underlying cash conversion at 100%, supporting free cash flow of £254m and the 8% increase in full year dividend to 14.15p. Sage is managing to maintain its performance whilst undertaking a major transformation: >> Firstly, the conversion to Software-as-a-Service (SAAS) subscription pricing is continuing; and >> Secondly, the new strategy for growth is reshaping the business quite dramatically. SAAS pricing: Is very beneficial, customers like it and if fosters increased loyalty/reduces churn but at the cost of a short/medium term hit to revenue recognition. About 70% of revenue is now recurring and the growth rate is accelerating: 2013 – 6%, 2014 – 7%, 2015 – 9%, 2016 - 10.4% So, at some point and it cannot be too far off this will drive up sales from its current 6% organic growth rate. New growth strategy: CEO Stephen Kelly is making dramatic changes in pursuit of sales growth with 72% of the top leadership changed in the year. In Sales and Marketing, 300 staff left and 200 recruited with new skills in digital marketing. The new strategy is a move away from being federated country–specific with many products to fewer global cloud-based products aimed at specific market segments – Start-up, Scale-up and Enterprise. The new entry-level mobile and revamped cloud-based products look attractive. To support this fewer regional language-specific centers will cover the globe. The cost savings generated, £51m p.a. so far, will be ploughed back into marketing and sales to target new customer acquisition. My opinion: I like Sage’s existing attributes it has a strong economic moat, reflected in attractive margins and excellent cash conversion. It is the only global player in the SME accounting product market and so has the knowledge and expertise to cater to local tax compliance requirements. The new growth strategy makes sense with a new focus on start-ups and the opportunity to dominate this niche globally. Whilst, it’s still early days and it is not yet reflected in the top-line numbers there is enough in these results to suggest that the new strategy is beginning to work. Regards Maddox
maddox
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