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Last post: casapinos, 31 May 2024 07:41
No, last three RNS's detail shares credited to directors by incentive schemes, some of which have been sold to meet tax liabilities, the rest retained.
Looks like one of the directors been unloading ?
Wonder what the next buy out will be….
Started: Mulder, 30 May 2024 18:08
Last post: Mulder, 30 May 2024 18:08
FTSE stocks trading at mid single digit P/Es
This is around 30 still.
Started: FALCONER-FLYER-2, 20 May 2024 11:27
Last post: FALCONER-FLYER-2, 20 May 2024 11:27
MMs got monkey on shoulder today.
Rise Friday, returned today.
No shorts hardly much trading, it's 57% buy-43% sell, hmmm games
Started: swingman, 16 May 2024 10:18
Last post: dnalkr1k, 18 May 2024 16:38
I'm amazed SGE have succeeded in remaining independent for so long ... having looked like a sitting duck when the SP ranged between 700p-1000p. Now they are back barely above that range, it wouldn't seem surprising if someone made a move. 1400p-1500p should do it, or around $17.50-$18.00 in dollar terms, after all the company already has a massive presence in the US.
Lots of hedge funds and other book keeping software gaints will be circulating to take another UK company
Last post: casapinos, 17 May 2024 06:12
Depending on which figs you take, SGE still has a P/E in the thirties, so it has high growth standards expected. We'll see a more considered market reaction over the next few days/weeks.
EPS is up 23% lot better than 12% expecting
I guess the MM logic is that organic growth is down from 10% to 9%, so as a growth company that deserves a roughly 10% drop? How many other FTSE100 companies are growing at this phenomenal rate though? Similar growth opportunities are rare, so new investors may force the market rating back up, along with the share buybacks
Guidance is not cast in stone. It's only a guess as they don't have crystal ball to say what next year brings. Their forecast is lot lot better than BOE UK governments etc. I would only trim say 2 or 3 % not 12%. It's cheap now and I jumped in.
AT FY 23 Sage guided growth of 12-14%, today's RNS shows 10-11% ie " missed estimates"hence severely punished, I don't currently hold having sold late last year at an average of just under 1000p (to soon as usual!) but may be tempted back if these drift much below that figure..
Started: swingman, 16 May 2024 10:16
Last post: swingman, 16 May 2024 10:16
BT reported a big fall in profit but promised jam tomorrow. Up 11%
Sage profit up atmost 10% but said same for next year. Down 11%
Started: RK11, 29 Feb 2024 14:09
Last post: BlahBlahDoh, 4 Mar 2024 17:31
Co- Co- Co-, it's magic:
https://www.sage.com/en-gb/sage-ai/
The new artificial intelligence integration looks cool maybe a Nvidia like boost :D
Started: BlahBlahDoh, 22 Feb 2024 17:19
Last post: BlahBlahDoh, 22 Feb 2024 17:19
The Sage centre in Gateshead has been renamed the Glasshouse, because Sage have bought the naming rights to a new arena being built next to it: https://exhibitionworld.co.uk/sage-strikes-naming-rights-deal-for-new-newcastle-arena-in-the-uk
Started: BlahBlahDoh, 18 Jan 2024 14:49
Last post: BlahBlahDoh, 18 Jan 2024 14:49
Revenue in North America increased by 13%
High quality, sustained growth
Started: BlahBlahDoh, 6 Jan 2024 19:10
Last post: BlahBlahDoh, 6 Jan 2024 19:10
The Sunday Times (summarized in The Week):
This “home-grown tech giant” provides accounting, HR and payroll software to small- and medium-sized businesses. Not cheap, but integrating AI into products will put “new boosters” under shares. Buy.
Started: BlahBlahDoh, 20 Dec 2023 23:36
Last post: BlahBlahDoh, 20 Dec 2023 23:36
The Daily Telegraph (summarized in The Week):
Shares in the payroll and accounting systems provider have soared 43%, thanks to strong pricing power and recurring revenues. Solid finances will make it easier to scale up and improve efficiencies. Hold. £11.34.
Started: BlahBlahDoh, 18 Dec 2023 17:41
Last post: BlahBlahDoh, 18 Dec 2023 17:41
Fund managers Lindsell Train have increased their holding slightly to 5%. Big ticket, get on board, etc
Last post: BlahBlahDoh, 27 Nov 2023 13:38
Analysts have been divided about Sage's prospects following results, but Bank of America pointed out a few days ago that Sage was at a 40% discount to it's American listed rival, Intuit, in terms of EV/EBITDA. America is Sage's largest and fastest growing market, and to them the SP apparently still looks relatively cheap. Maybe UK analysts aren't seeing the big picture?
Started: EmeraldCarrots, 27 Nov 2023 10:03
Last post: EmeraldCarrots, 27 Nov 2023 10:03
In the next few days.
Started: BlahBlahDoh, 23 Nov 2023 21:53
Last post: BlahBlahDoh, 23 Nov 2023 21:53
Results give a weighted average of 1.02 billion shares, elsewhere it's reported as 1.03 billion. The £350m buyback program should therefore bring it very close to a simple billion. Those who don't like sharing remain disgruntled, but fans of round numbers will be dancing in the streets (in a circle)
Started: casapinos, 22 Nov 2023 09:10
Last post: BlahBlahDoh, 23 Nov 2023 15:18
Interesting strategy casapinos. I don't have any discipline and often don't pay attention (:
Selling always seems a harder decision than it should be - better too early than too late, but there's always a slight irrational regret over either, because timing can never be perfect. "Let's look at what you COULD HAVE won" - emotion trumps logic
Blah, I tend to both buy and sell in tranches, but I'm more disciplined on the buy side. I set targets on shares that have/are falling and if I'm feeling brave add as they fall further (though almost always confined to large-cap, stable earners). when it comes to selling, I invariably sell too soon (see RR, and MKS lately!!). If the situation obtains where I can sell most at a good profit and run the rest "free" I sometimes do.
As a very long-time investor, I am gradually moving my folio to defensive positions, more bonds, pref. shares, gilts, and stable high divi earners. I'm essentially trying to minimize/eliminate risk.
Fair enough casapinos. It seems a little odd to keep 30% when cashing out, especially when you stated that you could not see significant SP growth, but clearly you were trimming and hedging rather than out. Congratulations on your success and good luck with your reinvestment
Yeah absolutely true BBD. I sold 70% of my holdings in August at 926 p and the remainder this am at 1102 p. My view remains that I'm happy to have collected a reasonable profit and will redeploy the revenues elsewhere where I think prospects are now better. Good luck to you if you continue to hold.
That's curious casapinos, because you said exactly the same thing in August, when you claimed to have "cashed out".
The SP was a lot lower then too, so your repetition of the phrase "I cannot see significant SP growth from here" doesn't seem like something to rely on - anyone who heeded it last time has lost out substantially. No problem with anyone taking a profit here, but your comments are inconsistent.
I don't dispute that the SP is likely to drop back from a surge, but there are possible reasons why it might go higher. Sage occupy a space that a lot of big American companies would like to get their hands on. Takeover has often been rumoured, but the premium now would be a lot higher. They have a good grip on margins, and on market share, and a strategy which works, so they are likely to be highly rated anyway, as a rare "growth" company which is actually growing strongly, where most are struggling
Last post: Troajan, 22 Nov 2023 19:05
Started: Mulder, 22 Nov 2023 12:52
Last post: Mulder, 22 Nov 2023 12:52
The market is so fickle and has its favourites.
How is a P/E of 40 here justified?
Started: Maddox, 22 Nov 2023 09:57
Last post: Maddox, 22 Nov 2023 09:57
Excellent results - the transformation is now clear to anyone that cares to look. The share price has run-up in advance but it looks like these results are good enough to justify the valuation. Against a pretty grim market back drop it's very pleasing to see the performance SGE is achieving.
Highlights
>> Underlying recurring revenue increased by 12% to £2,096m;
>> Margin increasing by 140 bps to 20.9% (constant currency);
>> Underlying basic EPS increased by 22% to 32.3p;
>> Cash conversion of 116%;
>> Final dividend of 12.75p, increasing the full year dividend by 5% to 19.3p;
>> Share buyback programme of up to £350m announced.
SGE have a clear winner with SGE Intacct and are aggressively rolling out geographically as well as investing in developing tailored versions for specific market verticals - for manufacturing, construction etc.
The successful transformation to a SaaS business is clear in the metrics:
>> Renewal rate by value of 102% (FY22: 101%), ahead of last year driven by more sales to existing customers and retention.
>> Sage Business Cloud penetration of 84% (FY22: 75%);
>> Subscription penetration of 79% (FY22: 75%).
Really good to see this strong underpinning that is hugely attractive.
With high quality revenue; evident pricing power; growing operating margins; generating surplus cash and growth - these are very impressive results.
Started: BlahBlahDoh, 17 Nov 2023 18:45
Last post: BlahBlahDoh, 17 Nov 2023 18:45
Market seems to have cooled a little on Sage, but hopefully Q4 numbers will generate some renewed interest.
Unlike most countries, overall GDP in the US seems to be increasing at an impressive rate, and we can reasonably expect tangible further growth, at least from that region
Started: BlahBlahDoh, 21 Sep 2023 13:53
Last post: BlahBlahDoh, 21 Sep 2023 13:53
Walid Abu-Hadba, Chief Product Officer bought shares worth about £100K yesterday (see RNS)
Surprising there's not more discussion on this board, because there is clearly plenty of interest in the market for Sage, they are riding high
Started: BlahBlahDoh, 27 Jul 2023 11:01
Last post: BlahBlahDoh, 11 Sep 2023 21:35
JP Morgan have recently agreed with my comment (from back in July) about Sage's progress in the US:
https://www.sharecast.com/news/broker-recommendations/jp-morgan-on-sage--14605416.html
Looking forward to Q4, hopefully it will underscore the recent re-rating by demonstrating substantial further growth. The company looks in very good shape, imo: platform modernized, product offerings enhanced and compatibiity improved, margins strengthened. Fidelity obviously concur
The penetration into the US market looks like the most exciting thing in the Q3 report. US seems to be the most buoyant and dynamic economy right now, and plenty of room for growth if the product is right.
"For the nine months ended June 30, the ... business reported total revenue of GBP1.63 billion, up 10%"
double digit growth is pretty impressive, they are doing something right
Started: BlahBlahDoh, 11 Sep 2023 21:22
Last post: BlahBlahDoh, 11 Sep 2023 21:22
RNS seems to state that Fidelity have taken a 5% stake
Strong finish incoming ?
Started: casapinos, 3 Aug 2023 15:05
Last post: casapinos, 3 Aug 2023 15:05
I've sold today, having built up s take in the low 600's almost a year ago , and despite a good product ,well marketed and well supported,I have been somewhat amazed at the SP rise since then .My decision is primarily because I am risk averse and profit -oriented and feel that with a P/E of somewhere between 30 and 40 and a MC of almost £10 bill, the SP has got a good bit ahead of reality. I expect good figures for this year and excellent progress to be maintained but cannot see justification for significant SP rises from here. If I leave profits on the table then so be it , I wish continued holders good luck.