Sage Share Discussion Threads

[don one] 04/3/2008 14:31

back up two 220 by next week

[lyntwyn] 04/3/2008 14:17

Sage Group 199 down 1

Seymour Pierce 'sell'

[maddox] 29/2/2008 17:03

don one,

The answer depends on your circumstances - you are inviting us to give investment advice which we should not do.

However, we can discuss our views on Sage. I find it remarkable that Sage has got down to these levels and I am at a loss to understand or explain it. Nevertheless, some Analysts suggest it will go even lower. This suggests a decline in their revenues.

On the otherhand, the recent trading update was positive, their customers are unlikely to desert them, they have an excellent track record and they are increasing the dividend payout. The shares have been trending sideways for sometime and this may continue until sentiment changes.

Regards, Maddox

[don one] 29/2/2008 12:29

is this worth buying at this price

[maddox] 22/2/2008 21:20

Sage -9.25, (208) fell in early deals, on concerns over its exposure to the US following competitor Intuit Inc's poor second quarter results overnight, in reaction Seymour Pierce reiterated its 'sell' stance, traders said. Overnight in the US, Intuit said its fiscal second-quarter profit declined as marketing and other costs grew, and sales fell below Wall Street's expectations as some revenue was deferred to the third quarter. In reaction this morning, Seymour Pierce said, while it feels it is hard to be specific about the read across from Intuit to Sage, it notes that between them the two companies have the lion's share of the market for accounting software for small and medium sized businesses. The broker has previously highlighted Sage's exposure to a slowdown in the US economy, and continues to argue that investors should beware of seeing Sage as a defensive play in the current environment. Elsewhere, Landsbanki repeated its 'hold' view on Sage, as it feels the slowdown for Intuit is clearly negative for group.

[optomist4] 11/2/2008 10:07

buy at 210p methinks

[lyntwyn] 23/1/2008 12:23

Sage 224.2 down 3.3

Evolution initiates coverage with 'sell' & 190 pence target

[lyntwyn] 18/1/2008 13:05

mctmct, its nearly there! 224.25 as I post

today - One of Merrill Lynch's top UK technology picks

edit. excellent close today

[lyntwyn] 17/1/2008 14:00

lets get to 225 first! do you reckon that if we changed it to 300 the share price might follow?

[mctmct] 17/1/2008 09:45

Time for a new thread title, perhaps?

[lyntwyn] 12/1/2008 14:51

More doom and gloom!!

11.01.08 :-2.25, (210.25) JP Morgan has downgraded Sage Group PLC to 'neutral' from 'overweight' and cut its target price for the stock to 235 pence from 285 pence, according to traders. In a note published this morning, JP Morgan said that it is downgrading Sage due to a tougher macro environment and stiffer competition. The broker added that it is cutting its full-year 2008 and full-year 2009 EPS by 8% and 10% respectively for the group as US business continues to disappoint. JP Morgan said also that a US slowdown remains a risk for Sage given its 44% exposure there and its view that the SME software market would get impacted more in a slowdown.

[lyntwyn] 10/1/2008 16:42

This looks a bit harsh! Would like to know how they justify 200

09.01.08 :-8.25, (214) Credit Suisse has, according to dealers, cut its rating on Sage Group to 'underperform' from 'neutral' and cut its target price to 200 pence from 266, in a review of software companies. In a note to clients this morning, Credit Suisse said it has upgraded Misys to 'outperform' from 'underperform', with an unchanged target price of 210 pence. It has upgraded TietoEnator to 'outperform' from 'underperform' with an unchanged target of 21 eur. Credit Suisse said IT spending growth was stronger than it expected over the course of 2007, reflecting strong customer balance sheets, good demand response to lower unit prices and more innovative offerings. On Credit Suisse's analysis, the technology investment cycle likely peaked in May 2007 in the US and UK, and is close to peak in Western Europe. Confirming its Oct 2007 downgrade, the broker said it takes a more conservative view of the European Software & IT services sector for 2008.

[lyntwyn] 29/12/2007 10:16

28.12.07: +1, (229.75) an article in the Guardian reports: Sage Group (The) rose 0.75p to 228.75p as Panmure Gordon analyst George O'Connor repeated his Buy recommendation witha 266p price target.

[lyntwyn] 23/12/2007 11:45

eddiespotter,more like silver coast here, freezin' cold and thick fog. At least no rain....yet! have a good christmas, and may SGE fill yer pockets in january 08.

[eddiespotter] 23/12/2007 06:01

Yep! Got in @ 2:10 for a wedge Just checking from an internet access in Brisbane. Is it raining/cold/windy back in UK?
Gold Coast! What a place!!

[lyntwyn] 21/12/2007 12:57

hope u got in eddiespotter, this may be heading back to 250 by the looks of it (229 as I post)

[eddiespotter] 04/12/2007 20:50

There you are! Told you. Finished today 203 if it holds @ £2 or thereabouts for the next week or so then I might dip mi wick!

[eddiespotter] 02/12/2007 12:19

If this is the 'low' then it'll probably re-test £2 a couple of times yet. Then buy in. A santa rally might boost in the short term 'tho.

[merob] 02/12/2007 10:32

Wait till they've had another shafting.

Buy low, sell high.

[don one] 30/11/2007 17:27

are these worth buying or should i wait

[lyntwyn] 30/11/2007 11:13

Sage Group 217-3/4 up 7
Morgan Stanley 'overweight' from 'equal-weight' -afx

merob- as I see it you have just taken a figure at random and calculated a growth rate from that point.If you go back a bit further you will find SGE at circa £8 - what a disastrous performance! The bull run you refer to started on the low,99p, so a profit of 120% currently, and looking forward to more. SGE is a good trading stock. I also hold long in my portfolio. Good luck.

eg the banks haven't even doubled from their lows

[merob] 30/11/2007 10:44

Lyntwyn - never said the low was 150. My point still stands.

I do note that you have been posting on this thread for over five years yourself. Quite a stint.

[lyntwyn] 30/11/2007 09:58

merob - Sage's low in 2002 was 99p, not 150, so you will have to recalculate!
Sage hit a high of 280 earlier this year - now heading back up ;)


29.11.07 :-2.25, (210.75) WestLB has raised its rating for Sage Group PLC to 'hold' from 'reduce' with an unchanged target price of 220 pence according to dealers, following the software firm's full-year results yesterday. In a note landing on fund managers desks today, WestLB highlighted the 95% increase in Sage's total dividend for the year to 7.0 pence, which the broker said is exceptional for a software company.

[merob] 29/11/2007 10:24

psps - 30 Oct'02 - 16:19 - 1155 of 3105


looking for 150p to close..can it do it





In more than five years and a good bull run in the markets generally, Sage is only up about 35%, as the above poster shows (psps - RIP).

Why hasn't it doubled, or been bought out?

[lyntwyn] 28/11/2007 21:24

Maddox, yes I think it was just the bears having a bit of fun. They will be well away by now! and yes, the divi was the icing on the cake.Lyn

* In reaction, Panmure Gordon kept 'buy' on the stock, noting that the final results are consistent with the company's October trading statement, with revenue coming in slightly better than the broker expected, at 1,157.6m compared to the broker's 1,149m estimate. Profit before tax was slightly down on the broker's 254m forecast, coming in at 251.3m, with Panmure Gordon saying the positive surprise is the 7 pence dividend, as it had expected it to be 4 pence. Saying it likes the stock's valuation and Sage's very defensive business model, the broker added that Sage is looking for 7% organic growth for 2008 and does not see an impact from the credit crunch. Meanwhile, Merrill Lynch kept 'buy' on Sage, leaving its 270 pence price target unchanged, saying the main news was its 7 pence dividend, which gives a yield of 3.5%. Merrill said this should be viewed as a positive since one of the major criticisms of Sage has been their low dividend yield compared to the high cash flow generated by the business, in its view. The broker notes that Sage says it will continue with its acquisition strategy, adding that it continues to view Sage as a safe, defensive stock in the current market conditions. Risks to its price target are a slow-down in the economy and a significant increase in the cost of borrowing, which would limit the companys ability for further acquisitions and competition from competitors with new business models like salesforce.com, it added.