gamesinvestor
13 Apr 2018
Re: Friday the 13th "o probably a score draw?"reader - have you allowed for extra time?Games
reader61
13 Apr 2018
Re: Friday the 13th Ditto, bought 750 of em 5.85 with costs. However got an underwater batch of 500 so probably a score draw?
gamesinvestor
13 Apr 2018
Friday the 13th Well so far so good - in at 581 -- sitting at 615 as I type.Games
II Editor
13 Apr 2018
NEW ARTICLE: Bargain hunters pile in after Sage crash "LSE:SGE:Sage was always one of those companies you wouldn't bet against. Yes, the rating was high, but the numbers tended to justify the market's generosity, and any wobble - there were a few - was a buying opportunity. However, a 20% plunge at ..."[link]
gamesinvestor
13 Apr 2018
more detail ...... If they can maintain a 27-30% operating margin and grow at 7% a year, this could be worth a fortune in years to come :-That's unless you think Microsoft (less so perhaps); Intuit and Xero are going to eat their lunch !!""Sage Group tumbled on Friday as it cut its full-year guidance to reflect "inconsistent operational execution".In an update for the six months to the end of March 2018, the software company said it now expects around 7% organic revenue growth for FY18, down from previous guidance of 8%. Guidance for the organic operating margin was unchanged at 27.5%.ADVERTISEMENTADVERTISEMENTOrganic revenue growth and subscription growth was lower than management expectations due to inconsistent operational execution. Sage reported organic revenue growth of 6.3% for the period, down from 7.4% growth in the first half of the previous year, as it took a hit from a drop in recurring revenue growth and contract licence slippage in the enterprise segment.Meanwhile, software subscription growth came in at 25.3%, down from 30.6% in the same period a year ago, but software and software-related services growth was 7.1% compared to a decline of 7.3%.Sage’s rolling mid-term guidance remains that organic revenue growth will reach 10% on a sustainable basis and organic operating margins will be at least 27%. The company said further cost savings of 500 basis points will be delivered over this period and either reinvested for growth or realised as an increase to operating margin. Over the long-term, the group aims to achieve organic operating margins of at least 30%.Chief executive officer Stephen Kelly said: "Growth in H1 18 was lower than our expectations as the pace of execution has been slower than we planned. The market opportunity as outlined at capital markets day 2018 remains unchanged.“The revised revenue guidance targets for FY18 reflect both the performance in H1 18, but also our diligence in ensuring that we focus on recurring revenue to drive sustainable acceleration throughout the rest of FY18 as a platform into FY19. We will provide a further update on our plans at our H1 18 results announcement on 2 May 2018."""
sage in the hills
13 Apr 2018
Re: is 3% yield exciting enough? 3 % yield is ok for now .........but look at this in RNS ......" Chief executive Stephen Kelly said the market opportunity for change, outlined at its recent capital markets day, remained unchanged.'The revised revenue guidance targets for financial year 2018 reflect both the performance in the first half, but also our diligence in ensuring that we focus on recurring revenue to drive sustainable acceleration throughout the rest of the year as a platform into financial year 2019,' he said."This is more significant for growing the yield and SPSAGE
sage in the hills
13 Apr 2018
Re: bargain hunting time? I agree, nothing statement, but genuine, honest and kind update at half year......agree, likely oversold today ..... yes buying opportunitySAGE
gamesinvestor
13 Apr 2018
P/E drifting down from about 23 last year (vastly overpriced perhaps) to around 17 at a price of 570 and an earnings estimate for this year of 33p ish.P/E now close to 17.Games
gamesinvestor
13 Apr 2018
is 3% yield exciting enough? At 16.95p dividend and a 570 share price, it's hit a 3% yield.Or is Sage losing it's crown and in an operational fluster?Games
gamesinvestor
13 Apr 2018
bargain hunting time? is this going to get oversold today after they cut guidance from a margin of 8% to 7%?It's dropped 15% so far, after this news headline:-""""Elsewhere, Sage Group said it was cutting its full-year organic revenue growth guidance, reflecting inconsistent operational execution.FY18 guidance was revised from around 8% organic revenue growth and around 27.5% organic operating margin to around 7% organic revenue growth and around 27.5% organic operating margin."""To be honest it looks like a nothing statement.My guess, at some point there is scope for either Intuit or Sage to consolidate in some way -- and there is also Xero to think about.Games
gamesinvestor
02 Apr 2018
Re: Looking ripe for plucking! ""This company is on the way out!The valuation is out of touch.You have been warned.Elena - I'm trying to understand if you know what you are talking about. i.e. if you have any financial training or understanding of how to value companies.You posted this :-""Tangible net liabilities are minus £1 billion and the capitalisation is £8 billion. That’s a big gap.""I asked you to justify what the significance of the $1Bn of intangible assets meant in terms of a market capitalisation of $8Bn. You chose to ignore that of course!!!Justify your comment or admit that you are just making a blind statement, like most of the city analysts I might add, about the details of a company and if it has any relevance whatsoever !!Many companies have a high level of intangible assets and are asset light -- they continue to offer excellent cash generation -- have you taken this into account?I'm not a holder of Sage and I'm not stating that Sage is under or over valued -- a lot of that is your own perspective.I want you to clarify your arguments - that's all !!Games
axolotl
06 Mar 2018
Re: Looking ripe for plucking! "Tangible net liabilities are minus £1 billion" That means assets of £1 billion. Fantastic! Why sell?
Maddoxx
08 Feb 2018
Re: Looking ripe for plucking! ice of Mr Evil Knievil to generate some liquidity in Sage. It's a damn difficult share to jump onto, particularly if you're a value investor, as it always looks so expensive. This is due to its 'economic moat' - its strong position in the market - reflected in the 16% Return on Capital, 27% Operating Profit Margin of 27%. At the current 690p share price you get a nice 2.2% yield (based on historic paid dividends).Hilarious Evils' mention of Microsoft as a competitor - Microsoft Money was no longer sold or supported as an accounting package back in 2009 - see [link] is a strategic partner of Sage and they have a global technology agreement involving Azure and Office 365 cloud platform integration.I don't think Mr Evil has done his homework on this one.Regards Maddox
ookyfly
06 Feb 2018
Re: Looking ripe for plucking! Quite the dominatrix. (That's meant as a compliment!)
Elena Saratov
05 Feb 2018
Re: Looking ripe for plucking! Games,This company is on the way out!The valuation is out of touch.You have been warned.
