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this share is. XDD in a day or so and it's still dropping like a stone. Someone knows something and it isn't good.
Yep - Im sitting on £50k here - this is THE safest underweight!
Bought today extra 400 shares at 572p!!!
Building a position for long term investment!
Will add more when funds available!
Agreed.
Once it breaks £6 [breaking the £5.70 to £6.00 band], there's not much stopping it from taking strength around £6.5, and that'll be post 11p dividend.
Strong balance sheet, small £20m short term debt, made record profit of £310m, EPS is increasing, £831m cash at bank and in hand, £497m net increase in cashflow to support paying 11p dividend on 14th january, last month a director have bought nearly £100k worth of share between 592p and 596p, we could see sp go back to 625p resistance.
Still very surprised at the SP here - Ive added back what I sold at 609p last month
Ex div next week with 2% divi - this share should be 600-610 now
MMs shaking the tree? Be careful of any Stop Losses as this could go lower in next few days
GLA
Somebody else clearly agrees with you:
Sage was notified that on 29 December 2020, Jillian Marie Bates, PCA to John Bates, a Non-executive Director of Sage, purchased 8,400 ordinary shares of 14/77 pence each in Sage at a price of 592 pence per share and 8,335 ordinary shares of 14/77 pence each in Sage at a price of 596.80 pence per share.
Close to £100 000.
Welcome smezbay. A genuine concern may be that Sage's software is mature compared to some of it's rivals, and new companies may find new software the natural choice. So while it's true that new companies will spring up where old ones die, the competition for their business could be fierce. Sage do have the advantages of scale though, and have survived for a long time through canny marketing and adaptability. Also, they are focused - their big pile of cash can be used for R&D and marketing initiatives. So you could take the view that the dip in SP is due mainly to increased uncertainty over the future, rather than any real problem with performance or strategy. If the EU trade deal holds, it ends at least one worry for struggling SMEs.
I own BP and BAE and planning to add some GSK
https://uk.finance.yahoo.com/news/top-3-dividend-shares-buy-083628619.html
In the last set of annual accounts they created a £17m bad debt provision for Covid 19 related debts, so it's possible they have already accounted for the expected loss of some of their client business, next year. They also have circla 1.2 billion of cash and liquity. I think that this business may be one of the recovery plays for second the half of next year, so currently I am happy to hold. Always DYOR, gla.
Necessity is the mother of invention. Unfortunately many businesses will fold but many more new enterprises will be formed over time.
The only alternative is that we go back to living in caves, and I can’t see that scenario making a return.
New poster here. Looking at an entry with Sage however a little concerned with the potential impact on the company if/when UK gov. support measures wind down fully and a number of SMEs (and thus Sage customers) are forced out of business. Any opinion or insight on this aspect welcome
This is small fry anyway - x16 multiple for a business unit that they dont see as core
Cash isn't really needed (unless building for an acquisition)
2% Divi return in a couple of weeks - this will bounce around 600-610 IMO until something more major is announced - I sold 30% when it hit 609p - wish Id sold it all now!
GLA
Not sure these sales are directly relevant relevant to the margin issue. Margin reduction means lower prices. The market seems to be seeing that as a weakness - a defensive move to dissuade clients moving to rivals, but Sage say they are taking action to maintain growth. By selling off slower growing assets, they free up cash to deploy as investment for faster future growth - in product development and marketing, for example. This gives flexibility, but increases uncertainty. There may also be a suspicion that the growing pile of cash is for acquisitions.
Considering those businesses were profitable would I be correct in presuming they will bring in a wad of cash as well as reduce our outgoings which in turn will increase our margins? As advising on margin reduction seems to have led to the sp dropping am hoping this is the catalyst to push it back up to at least late October prices.
Is currently on a par when the markets melted down in March.
Madness.
30% margin and reinvesting profits for future growth.
This is an excellent opportunity to buy into a FTSE100 technology company.
Nice, steady rise today. One of the shorts also marginally reduced their holding recently - every little helps! GLA and Merry Christmas.
Holding up well today, all things considered. Gives a bit of encouragement for the sp moving into better territory as things improve.
Tax bands maybe? The value of the 42923 shares vested is £249,382.63, so tax could be : £12500 @ 0%, £37,500 at 20%, £100,000 at 40%, and £36,882.63 @ 45% = £64,097.18 total.
The value of the 12179 shares sold was £70,759.99.
can anyone explain why Aaron Harris only had to pay 12k shares out of the 43k that vested today? Wouldn't such a large amount of shares vesting at 581p each incur 45% tax? not 28%ish?
Can imagine Gladstone and MW taking sage to the cleaners like gladstone did with MCRO but market is rising so I think this is a mix play and will bounce hard
Then 700 then 750 then 800.
568 is a good level, as long as you have enough margin for any short term drops.
Unless there is a broader shock to the market, I dont see this going much lower.
no brainer.
sb here from 568 at £1k a point. looking for 600 then 615 then 650.
Actually, Marshall Wace have lowered their position slightly to 0.78%, the increase is due to a new shorter, Gladstone, at 0.51%. - MW have been shorting since 2014, so the only significant change is this one new shorter.
The shorting notification threshhold is 0.5% not 5%, so your second point is inaccurate.
short have increased to 1.29%, it will be higher than that, no doubt there will be many funds shorting under 5%