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Hi Death! You seem to be suggesting 500p is the support level, with lots of sellers willing to wait through the Brexit deadline for a mere 3%-ish dividend - brave guess, but unconvincing, imo.
I agree it will drop but not that much. I've got limit buys down to under 530p.
Absolutely. That's my approach too. It's not easy to see where the bottom is yet. I think the SP could go a bit lower before it recovers. Definitely worth buying for the long term though.
drip
I can see this short compressing the SP against the market and spiking 700 before settling back 635+ aimo
In my opinion, the business fundamentals are sound, and as previously mentioned, investing in Cloud - based technology can only enhance the fundamentals further. I am happy to hold and wait for an uplift in share price.
But as always DYOR, gla.
If that's what you truly believe, why not sell your shares and buy them back at a good discount? I always say trust your instincts.
My instincts are that this will more likely be easily north of 600 come Jan 14th. DYOR
In fact, this is screaming out to Buy as it's dropped unreasonably since its Finals due to investment in Cloud-based technology, which is simply futureproofing. Some more Broker coverage and this will rocket back to 700p+. There's not many bargains around post-Vaccine news but this is one of them. I've added 3x at these lows. Plus it's a reasonably safe haven Deal (status quo) or No Deal Brexit (lower £).
I hope it does not drop as I have some shares in sage.
But that is what I believe will happen. I hope I am wrong and it rockets!
Ha! Scaremongering. There's absolutely no evidence for that. In fact, based on previous 2 Dividends (Interim and Final), SP actually went Up shortly after Ex-Dividend Dates.
This will drop to 500p average after this goes ex dividend.
Polish business sold for 66 million - as profit was only about 4 million p.a. that seems like a good deal? Adds even more to the cash pile.
"Sage first announced the sale of its Polish business in its full-year results announcement released late November. Additionally, the company is planning to sell its businesses in Switzerland, as well as some of its businesses in Asia and Australia.
The sales are aimed at "further simplifying the business"."
Looks like the directors driving the drop. And treasury activity as incentives vest..?
Yet Marshall Wace's position doesn't seem to have changed since 30th November, and their short is only 0.8%
- possibly the worse than expected late Brexit talks have exacerbated the already weak sentiment. particularly for those concerned over bad debts?
Marshall Wace. Shorting stock.
Does any one knows the reason for the drop of price ? its results doesn't seems to be as bad.
Marshall Wace again today I presume Not their ethical hedge fund, sin stocks are up today.
I’ve only held since the update when it dropped. I see this as more of a Steady Eddy that can be held on to rather than trade, which balances of some of my more volatile stocks.
I also took more - at 579. I think this stock will be ‘discovered’ when the gold rush elsewhere finishes and investors notice Sage is still languishing.
nice coverage there in IC
thanks for sharing
"Investors Chronicle: Profits have wobbled at Britain's biggest listed software firm due to a Covid-related £17M bad debt provision. But Sage is a "high-quality stock", committed to investing in it's cloud operations. Revenues have grown 8.5%. Buy. 590p" - The Week
Have topped up again it's a no brainer
Market goes up ... this goes down
Tech companies are consistently looking at sage. Quite possibly a takeover at some point in the future.
Managed to get i with more at 4.29pm - great price - cant believe it.
Made great gains elsewhere today - this is profit for later in the week - didnt think it would get that low so topped up at 581 but got another £11.5k at 578.8 - Happy days
GLA