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Results will make all the difference next week. Think this has further to fall could be looking at around 479p after results have been announced. Sell
Hi Volcano, hope all's well with you mate - yep thought SGE would offer me a couple of options, with a buy into the ex div. Will take Plan B.
Maybe it's a little unloved and not that exciting perhaps atm.
But not a worry here to hold to the medium term, feel it could easily go the way of SMDS, and that wasn't too shabby lol.
gla
G
Sage recovered very well Gerry ,i will stick around for a while ,lol
Hoping for a bit of a recovery now the XD day is history. A reasonable update should further enhance the prospects for the medium term. SGE seems a good opportunity at the mo.
Cannacord reaffirmed SGE as a buy with around 20% upside.
I bought SGE @ £5.74 last Friday, hoping for a run up to £6.00 as we moved towards the ex div day.
Should perhaps have sold out at circa £5.81 -£5.83 on Monday but held on, only to see the sp drop away.
Hey ho - Plan B - now have the div locked in so I'm net ( £5.74 - 0.1132) around £5.63 ish.
Will hold for £6.00, feel this should be trading bet £6 - £6.50 - but only my personal view - the market says otherwise.
I recall SMDS ( diff Co. / diff sector ) felt undervalued back in the Autumn when it was struggled to break £3.00, now up above £4.00 once the handbrake was released.
G
i had to buy back and recovered my lost, nice
A number of brokers have lowered their target prices for Sage, but many still rate it a buy at these levels. My impression is that their credentials as a growth company are under question, with the pandemic putting many of their clients under severe pressure. The trading update might shed some light on the situation, but I think it's understandable that there are stark opposing views about Sage's short term prospects. Long term, and historically, they look cheap, imo. Describing the stock as a "dog" seems like hyperbolic claptrap: there are horrendous hounds, wolves and rabid mongrels on the market: this isn't one of them, it's a relatively good boy.
Well I took a few more at 549. Hadn’t realised an update was around the corner though..! Oh well, think positive and assume the situation looks more encouraging to potential investors than it did last time.
Thanks for the reply.
Bargain imo.
Earnings resilient to the pandemic. LTH
I would be very surprised, bar a Black Swan event, if this dips below 530. At the March lows is crazy for a business with it's fundamentals. Something positive in next update should send this higher imo.
I used IRBK. Pretty wide bid ask spreads and doesn't seem to be any volume but I thought I'd give it a go, as SP is silly low.
What is every ones thoughts on next weeks update ?? This got hammered last time out and has been in a slow decline ever since. The only positive since then was the director buy on the 29th Dec .
Jsydermills,
Which broker do you use re options ?
If you are not US based have you had any issues re compliance /tax.
I am EU based and have had a lot of probs re US brokers and options.
Thanks Jsydermills
Bought some April 16 580 calls at 249. Let's see
that was bad timing and i am out with a small lost.
in at 552
After XD: Between 540 - 560p
No brainer.
I assume that by its performance recently, we as shareholders have to pay the company a dividend post XD day?
Dog of share that one really made me laugh sage has made small time investors millionaire s when it floated in mid eighties amazing company
As a medium or long term bet I'd say it's an excellent choice. Two dividends in H1 and the SP is only 9% above the 365 day low during the Covid crash of last Spring. The market recovery has totally left Sage behind; this here now feels like when I bought Fevertree at 15 quid not that long ago. GLA.
thanks for your helpful comments everyone. I'll hold off before buying the other half of my investment and try and get in below 560. I've been looking for a long term investment to forget about and decided SAGE seems like a reasonably safe bet. GLA
Interesting holo.
Just looking at market value in ftse 100 over 3 years.
Circa 65th position to 55th to c.70th today. Maybe the big indexes are trading the cycle you refer and lending a % to short
The cfo recently bought at 583 .
SGE has followed a pattern in the last 3 years, just look at the line chart. Over these 3 years the price has had 3 drops to around 550 and 3 rises to around 770. There have been many theories as to why, but most were unsubstantiated , many PI,s have put forward their own views over the years but still it follows the pattern.
So I shall be buying (probably tomorrow) when the price is 550 or lower and put them away for around a year and if normality continues will sell around 700 - I have been able to do this for the last 2 years, so will review in 6 months.
Good luck to all.