Hand sanitizer and surface cleaner company Byotrol had a strong 2020 and are confident about 2021 Watch Now
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The Rubicon, recrossed: What could possibly have motivated senior civil servant Stephen Kelly to become Chief Executive of Sage? Does he relish the adrenalin-drenched thrill of selling accounting software to small businesses? Or is he attracted by the £790,000 salary and £1 million sign-on bonus, payable if six-year performance targets are met? A bit of both, maybe. Mandarins get knighthoods and defined benefit pensions in lieu of fat salaries.
Mr Kelly is described as “the government’s Chief operating officer”. In reality, operational power – of which there is far less than politicians pretend – is jealously guarded within departments.
Outgoing Sage Chief Executive Guy Berruyer has left Mr Kelly to continue the process he started. Sage wants to switch customers from software installed on their own PCs to online services.
Does anyone know why the sage shares are falling, I understand that Sage wants to buy back a lot of shares at the lowest price available for them, also when do you reckon the slump will be over
You're not a troll by any chance? What makes you,think that their PE is going to fall?
Espirito Santo reveals its investment thesis on Sage / 21st January 2014____
In an interesting note on accounting and business management software, Sage [LON:SGE], analysts at Espirito Santo Investment Bank have set out their view on where future growth and value for shareholders could emerge.
In general terms, the broker focused on the current business mix, to which it noted that only 25 per cent of existing customers have ongoing support contacts but, at the same time, it estimates that this represents 80 to 85 per cent of its revenue stream.
Meanwhile, 75 per cent of customers remain inactive, i.e. they haven't signed up to support, and could therefore be a “game-changer” if the company was able to convince a sufficient number of users to switch to a subscription based pricing model.
The broker said: “With support penetration of only 25%, a relative minority of Sage’s customer base accounts for a majority of its revenues (we estimate 80-85%).
“With new drivers such as cross-selling, pricing initiatives and new products, we believe Sage has the potential to deliver on its sustainable growth strategy.”
Unsurprisingly, Espirito Santo has reaffirmed its ‘buy’ stock rating and 480 pence per share fair value.
has anyone checked out QPP a software and solutions provider in insurance?
For full year 2014 they're forecasted to turnover £710m with profits of £205.1m with a market capitalisation of just £696m currently. On a PE of 5.3 for FY2013 forecasted to fall to 3.4 for FY2014.
Good fundamentals here, also if the company i work for is similar to others, now the worst of the economic crisis is hopefully behind us, firms will now start to reinvest in such things as IT and systems, just my opinion
The move into the summer season is reflected among the companies’ reporting results this week, with a light diary in prospect. Software and accountancy group, Sage (SGE) is due to report its interims on Wednesday. Panmure Gordon has kept its “Hold” rating and 309p target price ahead of its interim results. According to the broker: “We think that Sage’s numbers should be in line – despite muted guidance - and any changes to estimates are likely to be minimal. Despite the fact that profit–taking seems a reasonable outcome on results day, we nonetheless retain our “Hold”. Indeed, due to these recurring revenues, Sage's pre-tax profit has grown every year since 2002. Furthermore, over the last ten years, the company's pre-tax profit has grown an aggregate 160%.
Panmure Gordon expect the results to be in line and forecast revenue of £700.3m, and a pre-tax profit of £181.8m and a dividend of 3.6p per share, slightly ahead of consensus estimates.
The consideration is 64.8m in aggregate and 58.4m is to be paid in cash once the deal is finalised.
Sago will also receive a 1.9m seller note from Swiftpage and 4.5m in the form of a 16.1% equity stake in Swiftpage.
As at September 30th, 2012, the related gross assets were 243.1m and earnings before interest, taxes and amortisation (EBITDA) for the year came to 4.8m.
In Europe, Sage has received a binding offer from Argos Soditic for the sale of C&I, ATL and Automotive in France and Aytos in Spain. The 28.6m sale is subject to approval from the French Works Council.
Software giant The Sage Group is disposing of seven products it considers non-core units in a move to streamline business.
The FTSE 100 company said it has reached an agreement to sell the products for an total price of �93.4m, of which �81.9m is payable in cash on completion.
The items include three from its North American division, namely Sage ACT!, Sage SalesLogix and the Sage Nonprofit Solutions, and four software suites from Europe; C&I, ATL, Automotive and Aytos.
"The sale of these non-core products is consistent with our strategy of focusing our business to accelerate growth and demonstrates significant progress in streamlining the portfolio, allowing regional management to focus on the considerable growth opportunities within their core markets," Chief Executive Guy Berruyer said.
Contact management software products Sage ACT! and Sage SalesLogix will be sold to Swiftpage. Sage Nonprofit Solutions, the group's vertical software solutions for not-for-profit organisations, will be bought by Accel-KKR.
Guy Berruyer, Chief Executive Officer, commented: "Overall, trading remains solid and in-line with expectations. Economic conditions for our customers are challenging across our markets and we remain particularly watchful of the uncertain market environment in mainland Europe.
"However, the strong fundamentals of our business model and our continued progress in executing against our strategy, underpins our confidence in the future growth prospects of the business."
Sage group has reported trading in-line with expectations in its interim management statement for the period from October 1st to date, according to an announcement issued by the company on Wednesday morning.
The FTSE 100 business software firm said that its revenue trends had varied across geography.
The UK and Ireland business demonstrated "good growth" in the first quarter, whilst conditions in mainland Europe remained "challenging". The group stated that Sage Pay had delivered "very strong growth" in the quarter.
In North America, the group stated that the "stronger trading performance" reported for the second half of 2012 had continued in the first quarter. Sage's Brazilian business "delivered good growth", in line with company expectations, the company added.
Sage Group: Merchant Securities takes target price from 290p to 300p, while its hold recommendation is maintained. Espirito Santo raises target price from 335p to 355p and still recommends to buy. Societe Generale shifts target price from 270p to 280p keeping its sell recommendation.
Management initiatives such as focusing its business and increasing recurring revenues through customer service subscriptions are being pursued. The board previously undertook a resource allocation programme to drive investment in growth and centralise R&D in its three largest markets.
In North America, the stronger trading performance reported for the second half of 2012 had continued in the first quarter.
The board highlighted that "the UK and Ireland business demonstrated good growth in the period."
In June (2012), Sage announced the acquisition of a controlling interest in Folhamtic, a leading provider of accounting, tax and payroll and regulatory content software in Brazil. It paid a total consideration of £125 million.
In November 2011, Sage completed the sale of Sage Healthcare to Vista Equity Partners.
A share buy-back programme remains ongoing. The programme has continued since the year-end and, to date, a further 32.4 million shares have been repurchased for a consideration of £99.3 million.
A progressive dividend policy continues to be pursued. The total 2012 dividend was increased by 4% compared to 2011.
Accompanying management comments noted that "economic conditions for our customers are challenging across our markets and we remain particularly watchful of the uncertain market environment in mainland Europe."
The company's core (SME's) customer base appears to have suffered more at the hands of the banking credit crisis.
Competition is continuing to grow in the small to medium-sized enterprises (SME) arena where barriers to entry are relatively low, attracting more companies to enter the market. Germany's SAP and Microsoft are much bigger companies than Sage and could disrupt sector trends.
Group net debt at 31 December 2012 was £212.7 million (£161.5 million as at 30 September 2012).
The company has exposure to foreign exchange risk.
First quarter update: In a short announcement, Sage provided little excitement for investors, with the share price drifting lower (-1.8%) in midday trading. The Chief Executive summarised, noting that "overall, trading remains solid and in-line with expectations."
In Europe, revenue trends continued to vary by geography. Its UK and Ireland business demonstrated good growth, whilst conditions in mainland Europe remain challenging. In North America, the stronger trading performance reported for the second half of 2012 had continued. Meanwhile, its Brazilian business delivered good growth with progress remaining in-line with management expectations. Finally, its Africa, Australia, Middle East and Asia (AAMEA) business continued to perform well, with South Africa proving a strong highlight.
Expansion in the Brazilian market continues to be pursued, whilst execution of the group's share buy-back programme remains ongoing. In all, whilst management initiatives such as increasing recurring revenues are being followed, a challenging economic backdrop for many of its markets
Sage Group: Merchant Securities moves target price from 280p to 290p keeping a hold recommendation. Panmure Gordon raises target price from 288p to 297p and reiterates a sell recommendation.