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Tech shares to buy: why I’d pick this UK leader.
https://www.fool.co.uk/investing/2020/11/30/tech-shares-to-buy-why-id-pick-this-uk-leader/
likewise!
brilliant solid company for recovery play
Decided to add SGE to the portfolio. An oversold FTSE 100 technology share that is diverting funds to further grow and strengthen its products and recurring revenue. Little debt and share price has hardly any downside from its current position.
Sage is flying now....! Here is why buyers are flooding in now.
Sage has beaten the market for 10 years.
Great Technology company - Reoccurring revenue streams -with 20% + margin
It is investing for the future in cloud service.
3% dividend payer
outperformed in the last downturn solid as gold.
Looks like Sage has been waiting for me to sell yesterday , lol
1st post - I never post but I couldn't agree more with your analysis. I have traded this company 6 years plus and have averaged down to owning a core 15k shares that have cost me less than £1 average plus dividend income along the way on top. I buy on dips and average down picking up more each time. When the price is against my recent purchase I just ignore it as it has increased my average cost temporarily while the dip recovers. Over the next 6 months it may be £7+ or £5 but the trade is there to take. Good luck to all who bought the recent dips and I trust they will turn around the position positively in time. DYOR - but it works for me.
Made an entry at 5.93 (incl fees) this week. I've been watching it for ages and believe it is oversold and that much of the drop was happy holders seeing an opportunity to trade their positions. Could be wrong of course but feeling good with this as a medium term investment.
I am selling my other shares and buying the GEM.
Sage has beaten the market for 10 years.
Great Technology company - Reoccurring revenue streams -with 20% + margin
It is investing the future in cloud service.
3% dividend payer
outperformed in the last downturn.
I just sold my entire sage holding for a small profit and purchase shell b shares at 12.91 each. I think I made the right choice. I could be wrong! But good luck to everyone!
"Rather than owning their own computing infrastructure or data centers, companies can rent access to anything from applications to storage from a cloud service provider. ".. Is Sage going in this direction for business users ?
In the results, there were a large number of fairly unusual costs: bad debt provision for COVID-19, office relocation and property restructuring, goodwill impairment, charges associated with business restructuring. Reads like a clearing of the decks, total of £112m. Bad debts to small businesses destroyed by the pandemic might mean another provision next year, but the other items are presumably likely to be lower? Sage are possibly gearing up for the competition for new business arising from the new wave of small companies likely to spring up when the pandemic eases.
Yes, I meant the market in general. A few of my other holdings are now in the category of ‘if only I’d sold them a few days ago’...
@davwal - The whole market is in Doom and gloom, but we are up. SGE is solid as gold.
Great Technology company - Reoccurring revenue streams -with 20% + margin
Doom and gloom taking over the markets today. Let’s hope it’s not another great drop coming.
It’s mainly psychological, I know, but it’ll be great to see a close with a buffer over 600. With all the volatility around it makes a change to hold a stock that is less spikey.
I think £7 is a loooong way off
There were certainly some bargains picked up these past few days and testing 610 will be difficult for a while I would suggest as there is short profits to be taken
Wouldn't be surprised to see 610 until Jan - then picking up slowly ahead of ExDiv date
650 by summer IMHO as there are still some other great bargains out there to be had
GLA
Yes, good day...! Everybody is looking for a safe and solid company. Buys are flooding in now so we should be heading to £7 soon.
Good to see it on the right track! Creeping above 600 now...
Why I’d buy Sage shares...!
The short-term outlook for Sage might be a little cautious. But I’m looking at this as a long-term investment. For me, the numbers stack up pretty well.
For example, the firm’s latest accounts show Sage generated an operating profit margin of 21% last year. That’s well above the average for FTSE 100 shares. I think the company can afford to sacrifice a little short-term profit in exchange for longer-term growth.
A second attraction is that Sage has little debt and strong cash generation. Without getting too technical, the firm tends to convert all of its annual profits into surplus cash. Not all companies can do this.
In my view, this is the kind of high-quality FTSE 100 stock I want in my long-term ISA portfolio. I’m not alone in this view either. Two of the UK’s top fund managers, Nick Train and Terry Smith, each own about 5% of Sage. They’re both noted long-term investors with a focus on quality.
Sage’s share price has fallen by 25% from its 52-week high of 794p. At around 580p, this FTSE 100 share trades on around 20 times earnings, with a 3% dividend yield. For a company of this quality, I think that’s a fair price. I may well buy Sage for my portfolio in the coming weeks.
Don’t fear the market pull-back...
Instead, aim to turn it to your advantage by holding onto your existing investments and picking up a few potential bargains as well.
This FTSE 100 share has beaten the market for 10 years: should I buy?
https://www.fool.co.uk/investing/2020/11/25/this-ftse-100-share-has-beaten-the-market-for-10-years-should-i-buy/
I bought in on the day of the results and added more yesterday with the view that this stock is a solid longer term hold.
Thanks Rocket1V , i totally agree with your view, very wary of brokers down grades as you said , shorting to find weak holders and line their own pockets . The company beat expectations and with 2 directors buys , no brainer .
" That is significantly less than other Analysts ". Bet they were hoping for a bigger drop so that they could mop up for their prefered clients. Most broker views are worthless unless a detailed analysis has been carried out or if it is plain to see that a Company is in real trouble. Its a BUY for me and i have bought based on the Company`s products & income. No brainer...
I thought the results sounded good. I admit I don't understand everything that is written in the results of companies. Sometimes there will be one part that could be not as positive as it could have been reading between the lines. Usually I only find that by reading news articles about the company on the day of the results. I think that is used as an excuse to justify the downward price of the shares down sometimes. Perhaps people are just bored once the news is out and they sell. I didn't buy a large amount and a little profit suits me hopefully in a few weeks.
Great opportunity to invest in this bargain company.
Everybody knows that majority of the companies use Sage for accounting, payroll & HR.
This company has reoccurring revenue. It it is very costly to change accounting systems and training staff.
You are getting this at 25% discount.
Look at the historical price and charts. It is a bargain at this price.
DYOR