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Marshall Wace short increased 23 Nov to 0.7% so we might be seeing them playing it for a day or two. Buy the dips imo.
really difficult to gauge price of this
at the lowest pointin March it went to 540 - now with improved outlook worldwide should be much much higher i think.
i think longer term its a much safe investment imho
Think its negatively correlated with the market. If ftse down, sage up and vice versa
Dont have a lot of faith in this at the current price. Market was soaring today and this went down ? More than likely the market will fall tommorow as traders book profits. Which means sage will fall to around 570 range.
I think you are in the right ballpark but it could go quite a bit lower yet. IMO SGE has been overvalued for the last few years so it would probably be a mistake to assume that the current price is at bargain basement levels. . I've seen SGE's fair value put at around £5.60 elsewhere which I think is in line with its long-term trend line. I'm buying on the drip because I think there is a risk of going in too heavily too early. I've done it before.
I also think that one of the reasons the the price has been hit is because investors are now switching out of tech into more obvious & and potentially more lucrative recovery plays now that an end to the pandemic is in sight.
No idea why you would thing 577
I did sell £12k yesterday at 608 and bought back today at 592 - if it got to 585 again I would be all over it, but dont see that happening
Sold this a few days ago for a small profit. May rebuy if it hits 577p tommorow. But a much smaller holding than previously. 300 shares maybe.
needs a buyout bid. anyone got 10 bob to spare
It WILL kick off at some point - think will buy some more......?
Got to be a solid play for the next 3 months right?
I think too many investors are chasing quick bucks to be interested in Sage at the moment. The quality here will show through, however. Could still recover quite well by Christmas.
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.