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 Shares Traded Last Trade
  +5.40p +0.94% 582.80p 4,685,696 16:35:12
Bid Price Offer Price High Price Low Price Open Price
580.60p 581.00p 585.20p 578.80p 580.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,715.00 342.00 27.80 21.0 6,314.8

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Date Time Title Posts
04/9/201813:56CAN SAGE make it to 225p - a superb stock3,538
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 Group (SGE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-21 16:01:19582.801,0115,892.11O
2018-09-21 15:54:58583.4015.83O
2018-09-21 15:54:58583.20211.66O
2018-09-21 15:54:58580.7015.81O
2018-09-21 15:54:57582.8015.83O
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Sage Group Daily Update: Sage Group is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SGE. The last closing price for Sage Group was 577.40p.
Sage Group has a 4 week average price of 563.80p and a 12 week average price of 563.80p.
The 1 year high share price is 825.20p while the 1 year low share price is currently 536.20p.
There are currently 1,083,521,827 shares in issue and the average daily traded volume is 2,601,559 shares. The market capitalisation of Sage Group is £6,314,765,207.76.
wirralowl: Commentary from Shares Mag hTTps://
dogwalker: SELL recommendation today by DBank....not exactly helping the share price, for now anyway.
mozy123: Going to take a while to move the business from the legacy desktop products to the cloud. (still use a desktop/network version at work) Very confident a business like sage can pull this off, in the mean time Xero and Intuit could easily buy Sage, so not really worried about the share price. The runway for these business's are huge. Nick Train says 1/70 firms globally use accounting software.
maddox: Hi walbrock82, Hmmm what business cycle are you referring to? Sage are just emerging from a period of huge transformation with target growth increasing to 7% for FY18 from 6.3% FY17. The Net Debt stood at £744m at 31 March 2018(31 March 2017: £434m), not close to £1bn, with the increase reflecting an increase in cash spent on acquisitions. Those acquisitions are performing well - so no likelihood of any impairment charge arising IMHO. And even if it did, it would be a non-cash balance sheet write-off against P/L that would reduce the statutory profit and the tax payable. It wouldn't affect cash flow. True, Operating Cash Flow is slightly down against organic growth in H1 due to an increase in working capital. This is what you would expect as a business accelerates its growth. On the other hand the Operating margin has been maintained at an excellent 27% and underlying cash conversion of 99%. As to dividend growth: Sage have a progressive dividend policy and have increased the annual dividend by 8%+ for each of the last three years. Sage is increasing the H1 dividend by 8% - so I don't know what increase you were expecting? They stated in the H1 Q&As that they have no intention to make any further large scale acquisitions - so again,I do not share your concerns. My view FWIW Mr Market appears to be in a very jittery mood and is hammering any Company that reports bad news. Sage have done this twice since January, and on the back of high expectations set at the Capital Markets Day last year. As a consequence the share price has fallen to below 600p from above 800p. IMHO Sage's fundamentals are sound, the transformation will generate accelerating growth and the share price will recover to above 800p in the next 18 months. But as always - no advice intended and please DYOR and happy to discuss your conclusions. Regards, Maddox
walbrock82: I feel the Sage Group£s business cycle is nearing its peak, but I could be wrong. With operating cash margin declining to the lowest since 2009, this isn£t justifying the high 20 times multiple. Add in total borrowing of close to £1bn to purchase a business at 9 times price to sales multiple, twice as high as Sage, it looks like more goodwill impairment is on the way. With £1.9bn, there are a few write-downs for management to implement. My biggest worry is the company£s operating cash flow appears not to grow and have stagnated for seven years. Meanwhile, market valuation is doubled, despite the share price falling by 23%. The rise could be down to bull market. My last concern is the company£s ability to increase their dividends given the high total borrowing and stagnate cash flow. Management may continue increasing their dividend for a few more years, but when they decide to make another large acquisition this could hamper dividend growth. Unfortunately, I wouldn£t feel comfortable investing at Sage Group£s share price at this level, knowing earnings is at single digit growth. For more on Sage, Accsys and Avon, click:
maddox: Just having a look at the technical position underlying the fall in Sage's share price - considering the recent RNS' and the declared short positions. There are no declared short positions greater than 0.5% - so the hedge funds are not (to any notifiable extent) selling Sage short. Aviva have declared that they have lent 0.12% of stock - presumably to Evil Knieval to short. Other institutions are holding their stock. So the sell-side looks pretty weak and very vulnerable - should buyers look to take advantage of the price on offer. Also, any seller short of shares will at some point need to buy back in. I'm taking the opportunity to get on the other side of Evil's position before he un-winds. in a tight market for Sage stock (which is the norm) the share price can only go one way. Regards Maddox
maddox: Nice of Mr Evil Knievil to generate some liquidity in Sage. It's a damn difficult share to jump onto, particularly if you're a value investor, as it always looks so expensive. This is due to its 'economic moat' - its strong position in the market - reflected in the 16% Return on Capital, 27% Operating Profit Margin. At the current 690p share price you get a nice 2.2% yield (based on historic paid dividends). Hilarious Evils' mention of Microsoft as a competitor - Microsoft Money was no longer sold or supported as an accounting package back in 2009 - see Microsoft is a strategic partner of Sage and they have a global technology agreement involving Azure and Office 365 cloud platform integration. I don't think Mr Evil has done his homework on this one. Regards Maddox
mellorscarthwaite: Solid first 1/4 share price reaction the same as previous years
maddox: Sage fell out of bed today down c.50p >6% on their Q1 Trading Update. The explanation is that re-training of their sales team has caused a blip in sales momentum. Unfortunately, as they have been setting expectations towards 'accelerated growth' - this was not what Mr Market was looking for and has reacted accordingly. This was clearly not part of the plan - and is on the eve of a Sage Capital Markets Day in London. This I expect to be an up-beat presentation of Sages' plans for world domination of the 'business (accounting) solutions' sector. We'll see whether they can restore confidence in these plans and a quick recovery in the share price after tomorrow. This is not the first time that Sage have caught us out with a weak first quarter - only to then as promised again today - recover the lost ground by the full-year end. Regards, Maddox
maddox: 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
Sage Group share price data is direct from the London Stock Exchange
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