Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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scaredycat - you missed the end - Weak Hold
'There’s no way of knowing whether Sage shares will continue to fall. But today’s results don’t appear to suggest any serious concerns for shareholders.
The group’s operating profit margin of 21% is in line with historic averages. Borrowings are also low and Sage’s cash generation comfortably covers the dividend. Typically, this suggests a dividend cut is very unlikely.
Based on today’s results, Sage shares trade on 21 times earnings with a dividend yield of 2.9%. That’s a slightly cheaper rating than I’ve seen in recent months, reflecting the weaker outlook for 2021 profits.'
Will go up I'm sure.... just needs patience
Up we go then!
Fall totally unjustified imo !!
Would be good!
Back to 650p ?
Just checking - this is the company that makes sage and onion stuffing?
It’s still wriggling Major LOL.. Sorry Blah, couldn’t resist... Thought it was obvious what he was doing. Anyway, good to have a bit of humour on a FTSE 100 board.. It don’t happen often.
Good luck.
Second one surely, Pollocky?
Major, I think you’ve caught your first one LOL.
Wrong SAGE Mr Magoo, Major Misunderstanding? Don't shoot the golden goose and stuff it with onions old boy.
You going fishing Major ;-)
Great opportunity imo !
"With the shares at 722p... forward-looking dividend yield for the trading year to September 2021 is just below 2.5%"
With the shares at their current price though, the forward yield is more like a solid 2.9%, making it that bit more attractive given the quality of the underlying business and the chances of a markedly improved outlook just one year away. The margin drop is done for a reason, after all, not enforced.
Will wait for 560 if it comes. Think this might be the bottom though.
RNS wasn't bad at all. Guess it is a margin game though!
The software and solutions provider Sage (LSE: SGE) in the FTSE 100. The firm has been moving its customers to cloud-based subscription services and building up some decent-looking recurring revenues. Indeed, earnings tend to be ‘sticky’ for the company because of all the inconvenience and costs faced by customers if they attempt to change suppliers.
As such, 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 in that assessment.
With the shares at 722p, the dividend yield isn’t as high as the other two companies but it does have a long history of growth, which I see as attractive. The forward-looking dividend yield for the trading year to September 2021 is just below 2.5%. I’d buy some of the shares now to hold for the long term.
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.
Me too. Happy with a retrace to 620 would be nice. 4% after fees.
Just got in at 586. Happy with that :-)
Div increase was 2% YOY, which seems OK when some companies have cancelled. It's quite a reasonable yield at the current SP!
Steve Hare claimed the "planned" margin drop next year was "to increase its investment in sales and marketing and product development." Not sure how dropping the margin helps products develop, but they have a large cash pile and maybe going after market share?
Same here. Looked at this company a few months back when covid pulled it back and it rallied quite well the next few months after that. Great results given the current climate. I think it could go lower but wouldn’t expect anything lower than 500 (loss of 20%). Bought with the expectation for this to get back to at least 700 by end of Q2 2021.
Cant buy any on HL?? Think bottom has been hit..
I have just bought some at 590p which may not be its bottom, but I'm confident the quality of the company's product will lead to a full recovery to 750p by the New Year.