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agreed
Bought in on Friday and Today. Never been in this Co before but cant see any real justification for the large S.P. drop other than spending more profit on cloud. Overdone IMO & can see it back above £ 7 in a few weeks.
I thought Sage would have bounced today ,maybe tomorrow.
Go with a Mackerel over a Miracle any day.
'miracle'
£250,000 would be a mackerel
only £25k and its the first holding - wouldve liked to have seen a few more with a few 000s on the end!
Good Morning All, bought in SGE this morning, Good recovery play , very oversold.
Cheers
Jjust a great investment buy in opportunity with the shares set to climb longer term and getting paid a dividend for the privilege of leaving your money in situ in the interim so win/win. Neatly summed up in The Times,;
"Short-term pain trumped long-term gain yesterday as investors reacted badly to news that Sage would plough more money into expanding its cloud-based business, squeezing its profit margins next year.
Shares in the FTSE 100 accountancy software group fell by 91p, or 13.4 per cent, to 588¾p after Steve Hare, its chief executive, said that Sage planned to invest an extra £50 million to £60 million in research, development, sales and marketing to grow the business and improve the functions it offered across accounting, payroll and human resources."
DIRECTOR PURCHASE is a great show of confidence in tgis company from an insider !
Thanks for dropping me a line Holly, but what a strange angle. I got in the onion reference that Dodger picked up on, and a Viz one too: a satisfying net result.
Here is why I am investing and loading up. We will see a bounce on Monday.
1) defensive company reoccurring revenues.
3) 3% dividend payout
3) 10% upside - the 13% drop isn't justified
SGE would bounce monday big time , watch this place
Uddin, stop cutting and pasting from Motley Fool articles!
Just bought in : I agree that their are other shares that pay a greater divi , their is a 5% upside to 620p and a divi . shares are changing as i type .
Cheers
Uddin if you are after dividend you should look for another companies out there ,
some companies pays dividend at 6 to 8%, likes of EMG, LGEN and PHNX and more
I see Sage as operating a business with defensive characteristics. And a multi-year record of generally rising cash flow and shareholder dividends gives me confidence.
Pension funds will be looking for solid companies like Sage in this unprecedented recession/depression times.
This is a great company with a 3% dividend yield.
This is a solid company & dividend payment at 3%. Great news...!
Don’t fear the market pull-back...
Instead, aim to turn it to your advantage by holding onto your existing investments and picking up a few potential bargains as well.
Likewise just bought a load at 590. Been waiting a while for an opening and see this at 800 by end of 2021 IMHO. Fundamentals are solid. Shocked to see them dip under 600 but don’t think that will last long!
Know0,
Thats a different article to the one I commented on but its useful too. Think Sage is doing a good job transitioning to the new model.
'Positives:
Recurring revenue now represents 90% of total revenue (FY19: 86%)
Progressive dividend policy
Negatives:
Organic operating profit margin of 22.1% (FY19: 23.8%)
Central & Southern European revenues fell by 2%'
https://www.fool.co.uk/investing/2020/11/20/why-the-sage-share-price-is-crashing-today/
Scardeycat -
https://www.ii.co.uk/analysis-commentary/ii-view-heres-why-sage-group-shares-just-dived-ii514231
Know0, you need to read it again LoL
'The good news is that renewal rates are extremely high. Today’s figures show 99% of subscription revenue was renewed last year, with 65% of the firm’s customers now choosing this option. In total, about 84% of the group’s revenue came from subscription payments last year.'
no?