Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
After XD: Between 540 - 560p
No brainer.
that was bad timing and i am out with a small lost.
Bought some April 16 580 calls at 249. Let's see
Jsydermills,
Which broker do you use re options ?
If you are not US based have you had any issues re compliance /tax.
I am EU based and have had a lot of probs re US brokers and options.
Thanks Jsydermills
What is every ones thoughts on next weeks update ?? This got hammered last time out and has been in a slow decline ever since. The only positive since then was the director buy on the 29th Dec .
I used IRBK. Pretty wide bid ask spreads and doesn't seem to be any volume but I thought I'd give it a go, as SP is silly low.
I would be very surprised, bar a Black Swan event, if this dips below 530. At the March lows is crazy for a business with it's fundamentals. Something positive in next update should send this higher imo.
Bargain imo.
Earnings resilient to the pandemic. LTH
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.
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.
i had to buy back and recovered my lost, nice
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
Cannacord reaffirmed SGE as a buy with around 20% upside.
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.
Sage recovered very well Gerry ,i will stick around for a while ,lol
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
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
Sell!! Due a drop around results time next week.
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.
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.
Sage Group PLC Trading Statement
Thursday 21 January
I believe this as well. As does the market. Otherwise this share would be going up. 500p entry around results time. Sell now!!