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Hi Volcano - Not a bad day for SGE.
I'm sitting on mine here, atm, lets see what the market thinks of tomorrows update, it can be a bit flaky on the day. Long term - I'm comfortable with this one.
Are you keeping a watching eye over SPT still, had my finger over the buy button this morning, waited as i thought it might drop and it's got away from me a little.
Wonder if the sages here on SGE will be jumping in on a dip tomorrow or bemoaning a missed opportunity.
G
Gerry nearly there mate ,lol
News & Analysis
Put Away Your Crystal Ball and Adapt as Market Conditions Change
By Investing.com DNA 3rd party news - Jan 20, 2021
Dow Jones 31,055.79 +125.27 +0.40%
S&P 500 3,822.60 +23.69 +0.62%
Nasdaq 100 13,184.27 +187.73 +1.44%
Nasdaq 13,369.83 +172.65 +1.31%
NYSE Composite 14,987.34 +0.00 +0.00%
Lol - I'm not saying Biden is great but Trump is in the same league as Jong-Un, Putin and Duterte!
Anyone who doesn't see Biden as an upgrade on Trump.... well, I'm not sure what to say.
Not wanting to turn this into a political debate, but Biden is generally perceived as less divisive and more predictable than Trump.
There will be some relief that we can move on from quite a dramatic election.
How paying for all this stimulus will be managed is more of a long term question, short term this market is supported by huge stimulus promises. US government claims that low interest rates and a strong economic recovery, as the population is gradually inoculated, will make the vast emergency spending viable.
A unifying and stable president who says if you don't vote for him you ain't black. Yes very unifying that is and not in the least bit ****** and offensive. And where's all the money coming from? Does Joe have a magic money tree?p
https://www.theguardian.com/us-news/video/2020/may/22/joe-biden-charlamagne-you-aint-black-trump-video
A unifying and stable president is being inaugurated tomorrow. A relief to most of the world.
Incoming treasury secretary is urging lawmakers "to act big" on further stimulus, while interest rates are so low.
Johnson and Johnson is very close to releasing its final vaccine trial data and has huge production capacity.
Earnings season is entering its busiest weeks.
Certain US sectors are frothy for sure, but I would not bet on a correction just yet.
looks like nothing will stop US going up.
Dow Jones 31,035.87 +221.61 +0.72%
S&P 500 3,797.38 +29.13 +0.77%
Nasdaq 100 12,937.36 +133.43 +1.04%
Nasdaq 13,144.65 +146.15 +1.12%
I'm adding more under 560.
Very unlikely it will go to 500. If it goes up after update, you may miss this year's lows. If it does go to 500 the update will have to be very bad.
I believe this as well. As does the market. Otherwise this share would be going up. 500p entry around results time. Sell now!!
Sage Group PLC Trading Statement
Thursday 21 January
I agree that the SP is likely to fall further. SGE has been above trend for a few years & that has been unwinding. IMO the current SP only looks cheap because it was overpriced before. Another factor inn SGE's short/medium -term outlook is that a lot of its customers are likely to go out of business during this recession & that is going to hit the company's bottom line. I think SGE is a good long-term play & am buying on the drip while prices are falling.
Death, nothing wrong with having an opinion but it would help you to be taken more seriously if you at least checked the facts underpinning your statement. We have already had the results in Nov 20 which saw a fall in the sp as the market looked at the short term figures rather than the long term strategic re-positioning for the future. In terms of outlook the following was given;
"Against the uncertain economic backdrop, we currently expect organic recurring revenue growth for FY21 to be in the region of 3% to 5%, weighted towards the second half of the year. We also expect other revenue (SSRS and processing) to continue to decline, in line with our strategy. Organic operating margin is expected to be up to three percentage points below FY20, depending on the level of additional investment we make during the year.
Looking beyond FY21, we expect margins to trend upwards over time, as the investment drives recurring revenue growth and operating efficiencies."
Now there is a "Trading Statement" due this week and providing the figures are at least in line with the outlook there will be little or no negative short term impact on the sp, in fact the figures may well be better than forecast. I have increased my stake here on the recent dip because as a long term investment an opportunity to buy in at these levels to a profitable company with little debt and one that pays a dividend is too good to miss.
lol yawn!!!!!!!
Sell!! Due a drop around results time next week.
Results will make all the difference next week. Think this has further to fall could be looking at around 479p after results have been announced. Sell
Hi Volcano, hope all's well with you mate - yep thought SGE would offer me a couple of options, with a buy into the ex div. Will take Plan B.
Maybe it's a little unloved and not that exciting perhaps atm.
But not a worry here to hold to the medium term, feel it could easily go the way of SMDS, and that wasn't too shabby lol.
gla
G
Sage recovered very well Gerry ,i will stick around for a while ,lol
Hoping for a bit of a recovery now the XD day is history. A reasonable update should further enhance the prospects for the medium term. SGE seems a good opportunity at the mo.
Cannacord reaffirmed SGE as a buy with around 20% upside.
I bought SGE @ £5.74 last Friday, hoping for a run up to £6.00 as we moved towards the ex div day.
Should perhaps have sold out at circa £5.81 -£5.83 on Monday but held on, only to see the sp drop away.
Hey ho - Plan B - now have the div locked in so I'm net ( £5.74 - 0.1132) around £5.63 ish.
Will hold for £6.00, feel this should be trading bet £6 - £6.50 - but only my personal view - the market says otherwise.
I recall SMDS ( diff Co. / diff sector ) felt undervalued back in the Autumn when it was struggled to break £3.00, now up above £4.00 once the handbrake was released.
G
i had to buy back and recovered my lost, nice
A number of brokers have lowered their target prices for Sage, but many still rate it a buy at these levels. My impression is that their credentials as a growth company are under question, with the pandemic putting many of their clients under severe pressure. The trading update might shed some light on the situation, but I think it's understandable that there are stark opposing views about Sage's short term prospects. Long term, and historically, they look cheap, imo. Describing the stock as a "dog" seems like hyperbolic claptrap: there are horrendous hounds, wolves and rabid mongrels on the market: this isn't one of them, it's a relatively good boy.
Well I took a few more at 549. Hadn’t realised an update was around the corner though..! Oh well, think positive and assume the situation looks more encouraging to potential investors than it did last time.
Thanks for the reply.