Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Could it be a good time to top up ? RNS has a few negatives but still very robust..
Hi Itsa
At least you're getting your moneys worth - like the train ticket which doubles in price but takes twice as long!
BoL
I’m fed up with this new system too, It’s Down again (for me anyway), I’m paying over £200 a month for software that doesn’t work as it should.
My last package cost £800 total and was on its own offline network, and worked problem free for 8 years. MTD is costing me a fortune to implement, update, administer.
And now I’m having to spend time making invoices up in excel while this system is down, and will have to install a backup system aswell for future problems, and when it’s up again I will have to reinput them on sage.
Double the workload at multiples the price.
Great for shareholders I guess until users leave it.
Interesting how brokers are catching up with the reality of the business.
MTD is huge for Sage and it will grow as HMRC move to make it a requirement for tax returns as well as VAT to be downloaded from an accountancy programme.
Sage played a blinder in the 6 months to end of March, with revenue up 6.5% and pretax profit up by 16%, partly due to the successful ongoing transition to subscription fees from licences. Strong growth in North America - revenue up 20%, helped by the acquisition of Intacct. Interim dividend up 2.5% to 5.79p.
Thanks, I am definitely a nomophobe :(
Nephophobia is a fear of the cloud or clouds. My understanding is that Sage's model was failing because they were reluctant to go down the SAAS route using the cloud. Thanks to giving Steve Hare the reins they have changed tack and embraced SAAS and the cloud. It seems to be working.
I’m wondering if I should buy some sage shares now that I and many other companies have to pay them £150 a month, instead of £600 for a package that lasted 10 years each time thanks to MTD.
Hello AllatSea,
What is the relevance of your comment "nephophobia issues" I couldn't find that word nearest is Nomophobia (as below).
Cheers DAR
Nomophobia is the irrational fear of being without your mobile phone or being unable to use your phone for some reason, such as the absence of a signal or running out of minutes or battery power. A phobia is by definition an irrational fear.
There's lots of potential in SGE now they have fixed their nephophobia issues.
https://uk.reuters.com/article/uk-sage-outlook/uks-sage-boosted-by-strong-first-quarter-subscription-growth-idUKKCN1PB0JM
New CEO Steve Hare off to a good start.
Any idea what’s going on here ,some big buys and a steady rise for the new year ?
https://www.thetimes.co.uk/edition/business/sage-finds-new-finance-chief-already-at-boardroom-table-h797jsgjs
As an aside, it's disappointing to say the least that the FTSE100 contains just 2 software companies.
Follow the money!
Good to see director buying 22,000 shares today
This should help with sales revenue!
https://www.techradar.com/black-friday/sage-has-cut-the-cost-of-its-50cloud-accounts-software-by-50-for-black-friday
has increased its holding of Sage as of yesterday.
"UK software firm Sage Group plc plumped for finance chief and interim chief operating officer Steve Hare as its new chief executive on Friday, tasking him with propping up slowing growth after the resignation of his predecessor."
"Analysts say the new chief will need to clean up the company's cloud strategy as well as battle to retain and attract clients in a fiercely competitive space that includes specialists like NetSuite, Salesforce and Workday"
"Sage, which was founded in 1981 and now operates in 23 countries, said it had started a process to find a new CFO and in the meantime, Hare would combine his duties as finance head with those as CEO."
Hmmm, not done the share price any harm today.
Sage Group down 5.8 percent, after a downgrade from Barclays.
..... anyone know?
..just bought a shed load. Morgan Stanley just rated it underweight with a 570 target. Someone is confused, probably me.
Seem to have been some meaty BUY transactions late Friday.
Gather Steve Hare CFO has taken over with the possibility of the move being permanent. He's no relation of Marconi's Steve Hare, I'm sure but..
Anyway, wish every one a good weekend. I am off on holiday and won't be worrying about Sage for a while.
Essentially, SAGE is the same company today as it was yesterday. What we do not know from the RNS is what the reasons were for the departure of the CEO: has he run out of enthusiasm? Has he run out of ideas? Does he think there is little growth left in the business model?
Probably a buying opportunity only for the brave.
"Sage reports strong results as firm continues to grow subscriptions"
www.chroniclelive.co.uk/business/business-news/sage-reports-strong-results-firm-14981670
Deutsche Bank is bigging up US Microsoft whilst knocking Sage?
"We would highlight Microsoft as the stand out player here, with the Dynamics suite cited by Sage resellers as the most frequently seen competitor and furthermore, the Dynamics 365 SaaS suite grew at 56% at constant currencies in the fourth quarter.”
Make of it what you will, but on the face of it Deutsche Bank doesn't present a strong case against Sage, just supposition. Was interested to learn that "Deutsche Bank is widely recognized as being the largest creditor to real-estate-mogul-turned-politician Donald Trump, 45th President of the United States, holding more than US$360 million in outstanding loans to the candidate in the months prior to his 2016 election. Deutsche Bank’s role and possible relevance to an investigation of Trump and Russian parties colluding to elect him were reportedly under F.B.I. investigation as of December 2017"
http://uk.businessinsider.com/trump-deutsche-bank-mueller-2017-12?r=US&IR=T
Pure coincidence, I'm sure.
There's life in the old dog..