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
  -3.60p -0.55% 646.00p 2,359,838 16:35:04
Bid Price Offer Price High Price Low Price Open Price
644.80p 645.60p 650.60p 641.00p 641.40p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,715.0 342.0 27.8 23.2 7,000.42

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Date Time Title Posts
09/2/201815:01CAN SAGE make it to 225p - a superb stock3,495
10/5/201320:05SAGE: CHARTS, NEWS ETC.16
14/4/200414:04100p -- Only debate now is when680
17/12/200311:28SAGE SELL!SELL!! TARGET PRICE 120P12

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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 649.60p.
Sage Group has a 4 week average price of 641p and a 12 week average price of 641p.
The 1 year high share price is 825.20p while the 1 year low share price is currently 621p.
There are currently 1,083,656,269 shares in issue and the average daily traded volume is 2,977,993 shares. The market capitalisation of Sage Group is £7,000,419,497.74.
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
maddox: 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
dogwalker: 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.
maddox: 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: Another good day for Sage investors as it has closed at another high at 655.5p. A couple of interesting updates on the broker forecasts, JP Morgan Cazenove have re-iterated their 'Overweight' recommendation and upped their share price target to 700p from 670p. Whereas, Credit Suisse have also re-iterated once again their 'Underperform' recommendation. However, it is worth noting that their share price target has also been increased to 600p from 560p of only 4th July. A year ago their recommendation was also 'underperform' and share price target 420p - so they've managed to increase their target by a whacking 43%!! So they haven't done their advisory clients any favours - being consistently well behind the curve. Regards, Maddox
mike740: SGE SAGE GROUP Stock at an interesting point where the share price is looking to breakout from a downtrend channel .We have had Recent CEO big buy of stock in late august.The momentum appears to be moving positive. Sage Group (The) share price information Name Sage Group (The) Epic SGE Sector Software & Computer Services ISIN GB00B8C3BL03 Activites Sage is a world-leading supplier of accounting and business management software to small and medium-sized enterprises. Index FTSE 100 Latest share price (p) 513.75 Net gearing (%) 56.77 Market cap (£m) 5,435.47 Gross gearing (%) 63.50 Shares in issue (m) 1,077.40 Debt ratio 36.53 P/E ratio 29.56 Debt to equity ratio 0.33 Divs per share (p) 12.12 Assets / equity ratio 2.74 Dividend yield (%) 2.47 Price to book value 6.93 Dividend cover 2.23 ROCE 0.15 Earning per share (p) 17.07 EPS growth (%) 329.97 52-week high / low (p) 584.00 / 346.70 DPS growth (%) 7.07 11 Aug 15 Citigroup Buy 513.75 585.00 585.00 Reiterates
Sage Group share price data is direct from the London Stock Exchange
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