PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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I'm amazed SGE have succeeded in remaining independent for so long ... having looked like a sitting duck when the SP ranged between 700p-1000p. Now they are back barely above that range, it wouldn't seem surprising if someone made a move. 1400p-1500p should do it, or around $17.50-$18.00 in dollar terms, after all the company already has a massive presence in the US.
Depending on which figs you take, SGE still has a P/E in the thirties, so it has high growth standards expected. We'll see a more considered market reaction over the next few days/weeks.
EPS is up 23% lot better than 12% expecting
I guess the MM logic is that organic growth is down from 10% to 9%, so as a growth company that deserves a roughly 10% drop? How many other FTSE100 companies are growing at this phenomenal rate though? Similar growth opportunities are rare, so new investors may force the market rating back up, along with the share buybacks
Guidance is not cast in stone. It's only a guess as they don't have crystal ball to say what next year brings. Their forecast is lot lot better than BOE UK governments etc. I would only trim say 2 or 3 % not 12%. It's cheap now and I jumped in.
Lots of hedge funds and other book keeping software gaints will be circulating to take another UK company
AT FY 23 Sage guided growth of 12-14%, today's RNS shows 10-11% ie " missed estimates"hence severely punished, I don't currently hold having sold late last year at an average of just under 1000p (to soon as usual!) but may be tempted back if these drift much below that figure..
BT reported a big fall in profit but promised jam tomorrow. Up 11%
Sage profit up atmost 10% but said same for next year. Down 11%
Not bad results but -10% what was the market expecting ?
Co- Co- Co-, it's magic:
https://www.sage.com/en-gb/sage-ai/
The new artificial intelligence integration looks cool maybe a Nvidia like boost :D
The Sage centre in Gateshead has been renamed the Glasshouse, because Sage have bought the naming rights to a new arena being built next to it: https://exhibitionworld.co.uk/sage-strikes-naming-rights-deal-for-new-newcastle-arena-in-the-uk
Revenue in North America increased by 13%
High quality, sustained growth
The Sunday Times (summarized in The Week):
This “home-grown tech giant” provides accounting, HR and payroll software to small- and medium-sized businesses. Not cheap, but integrating AI into products will put “new boosters” under shares. Buy.
The Daily Telegraph (summarized in The Week):
Shares in the payroll and accounting systems provider have soared 43%, thanks to strong pricing power and recurring revenues. Solid finances will make it easier to scale up and improve efficiencies. Hold. £11.34.
Fund managers Lindsell Train have increased their holding slightly to 5%. Big ticket, get on board, etc
Analysts have been divided about Sage's prospects following results, but Bank of America pointed out a few days ago that Sage was at a 40% discount to it's American listed rival, Intuit, in terms of EV/EBITDA. America is Sage's largest and fastest growing market, and to them the SP apparently still looks relatively cheap. Maybe UK analysts aren't seeing the big picture?
In the next few days.
Results give a weighted average of 1.02 billion shares, elsewhere it's reported as 1.03 billion. The £350m buyback program should therefore bring it very close to a simple billion. Those who don't like sharing remain disgruntled, but fans of round numbers will be dancing in the streets (in a circle)
Interesting strategy casapinos. I don't have any discipline and often don't pay attention (:
Selling always seems a harder decision than it should be - better too early than too late, but there's always a slight irrational regret over either, because timing can never be perfect. "Let's look at what you COULD HAVE won" - emotion trumps logic
Blah, I tend to both buy and sell in tranches, but I'm more disciplined on the buy side. I set targets on shares that have/are falling and if I'm feeling brave add as they fall further (though almost always confined to large-cap, stable earners). when it comes to selling, I invariably sell too soon (see RR, and MKS lately!!). If the situation obtains where I can sell most at a good profit and run the rest "free" I sometimes do.
As a very long-time investor, I am gradually moving my folio to defensive positions, more bonds, pref. shares, gilts, and stable high divi earners. I'm essentially trying to minimize/eliminate risk.
Fair enough casapinos. It seems a little odd to keep 30% when cashing out, especially when you stated that you could not see significant SP growth, but clearly you were trimming and hedging rather than out. Congratulations on your success and good luck with your reinvestment
Yeah absolutely true BBD. I sold 70% of my holdings in August at 926 p and the remainder this am at 1102 p. My view remains that I'm happy to have collected a reasonable profit and will redeploy the revenues elsewhere where I think prospects are now better. Good luck to you if you continue to hold.