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Buybacks now over 2% by my calcs - quite a big one today, over half a million shares. We're about half way through the programme chronologically.
For the year ended 30 September 2020, the businesses being sold achieved revenue of £48m (FY19: £48m) and operating profit of £6m (FY19: £5m). The sale consideration is approximately £95m, payable in cash on completion (subject to a customary net debt and working capital adjustment). Sage is retaining its global products that are core to its growth strategy including Sage Intacct, Sage People and Sage X3
That was a shock this morning, pity I didn’t have any funds sitting or I would of bought more !
According to today’s RNS it would appear FIL Limited, Fidelity Bermuda, have tucked away 5% of the company.
Very encouraging.
True, must have been a typo - ex div now listed as 27th.
Regarding special divs, it's possible. The buyback programme ends in Sept. Buybacks made sense when the price was depressed, there may be better options for the cash pile post-pandemic: R&D spending? Acquisitions?
Does anyone think that Sage may pay out a SPECIAL Dividend in the near future. It's not something they have done very often but with all the buybacks and they say they are trying to give back to shareholders I just wonder !!
Looks like it is the 27th
looks like patient pays off
Well they aren't going to spend all the money in time if they only buy that number of shares a day !!
UBS RAISES SAGE GROUP PRICE TARGET TO 660 (630) PENCE - 'NEUTRAL'
It’s not really worth holding just for the 6.05p but in my opinion it is worth holding DYOR
For Divi ??
Great company, never doubted that. Heading all the way back up to new highs imo.
Will increase holding now on market corrections.
DYOR
Ex-div date is actually 28th May, according to the RNS:
"The interim dividend of 6.05p per share will be paid on 18 June 2021 to shareholders on the register at the close of business on 28 May 2021"
True NMJ. Defensive moves last year were entirely appropriate and highly effective. With margin improvements now likely for the foreseeable future, customers supported and retained, and a massive ongoing buyback fund, Sage are sitting pretty. The acceleration of the transition to recurring revenue is another big positive, and the dividend boost is icing on the cake. Well done management.
Seems the markets liked the update.
Find an unloved quality stock with good fundamentals and buy low.
Sit back and relax.
27th of May and payment on the 18th of June 6.05p
Good RNS today. Anyone know the next Divi date?
If they stick to this that is more than 200,000 shares a day they will need to buy
I see at the 11th we had bought back £ 118M and that there is a fund of £ 300M set aside, so quite a bit to go before the anticipated end by September
Medium to long term I am extremely confident the company will continue to grow.
Day to day, week to week s/p movement is just theatrics.
Looking forward to the update on Friday.
What’s everyone’s thoughts on next weeks results I am quietly positive and hopefully we can kick on from Jan update??
They've now concentrated shares by 1.5% at a cost of £102m, averaging £6.165 per share (all figures approximate) and still buying
Just had to top up again to add a few for the dividend alone. Racking a 2nd position here.
Tomorrow's chip wrappers really.
Different agendas and manipulation.
Garbage in garbage out.
You can make a bear or bull case for any stock.
Great trading range though and seems to be in an up channel to over £7 for now.