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According to today's new feed:
PEEL HUNT INITIATES SAGE GROUP WITH 'BUY' - TARGET 735 PENCE
CREDIT SUISSE CUTS SAGE GROUP PRICE TARGET TO 500 (530) PENCE - 'UNDERPERFORM'
Personally, I'm inclined to agree with Peel Hunt!
Yes - still below MV IMO
620-650 by April (maybe higher - ISA cash) then a fallback to 600-630 in Summer as Sage spend a bit of those marketing $$, then up to 700 by year end - will be cutting from my 50k as we go, but leave a carrying 10k
Solid company and those who said this was due a downward adjusting Mkt valuation, need their heads tested!
Cash mountain, strong retentions, good product
So glad I had the cash available to keep buying as it fell - and my 612 sale of 10k was very nice this morning plus a decent dividend!
GLA
Bought some April 16 5.8 calls last Thursday (on 14/1) when SP was @245.
Knew the market had over-reacted
Sold just before market close today for a 78% profit
Expect this to go higher from here and own some stock
Wishing us all luck, personally think £7 by year end is tenable. GLA
O Deathfromfinance, where is thy sting? Sage advice may not be your forte.
These results were just average though. On track for good results in a years time.
Strong performance which most of us expected - I had a sell limit on 20% of my investment (10k of 50k) that hit at 612p which appears to be the high so happy with that
Id forgotten that a 609p sell on 10k had expired and I forgot to reset.
However, with all the profit taking that will have gone on today, there will be a flood of shares - relax, this has 620-650 written all over it by end of qtr.
Enjoy the profits from these lows - if youve been holding long and didnt avg down, then at least SP is heading back for you
Let the MMs play their games and stick to your gameplan. GLA,
I don’t want to make predictions on where this share price will be as will always get it wrong but for a LTH, this company has excellent fundamentals and the confidence in the company focussing on iCloud and recurring revenue streams, the barrier to entry for competitors is that companies already use sage services are unwilling to move to another setup once imbedded within their business and will allow sage to increase licence fees in the foreseeable future.
Well, I must say I’m surprised the uplift has fizzled out given the solidity of today’s update. Maybe there’ll be a second wind this pm. Still, it’s a hold for me and I’m looking forward to getting me divi!
Thanks v much
Today’s little share price dance is a welcome but musing side show. SGE is a quality FTSE100 technology company quietly going about its business, innovating and reinvesting for further growth and profitability.
Just listening to the conference call live. all sounds very positive which explains the pick up from the dip. you can do this too on 08002796619 - access 4389661#
Final * 14/01/2021 11/02/2021 11.32p
Think its paid 11 Feb
When is the dividend payment as can’t see a date confirmed in the update pre Christmas?
Happy with that. Div on its way. Can see 640 next
results look good :)
target 650-700p in 3-6 months!!!
Volcano - good early doors reaction to the trading update.
Looks like some how were expressing concerns may have missed out here.
G
results are good, time to buyyyyyyyy is nowwww!!!
never back to 500p, maybe you can buy it for over 600p :)
close your short if you are invested :)
wow
612.24 GBX +39.24 (6.85%)
21 Jan, 08:05 GMT · Disclaimer
Pretty solid update and should be well received. Outlook looking positive.
In line with expectation.
Well these results are better than I had expected, let’s see how this plays out today !!
'Recurring revenue increased by 4.7% to £408m, supported by software subscription growth of 11.3% to £303m (Q1 20: £272m). As a result, subscription penetration increased to 68% (FY20: 65%).'
I hope the news is better than I’m expecting and we can get a lift from here. Not so sure though !!
i am in again at 255p over SPT