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11:02 28/06/2016

"A blog post by Sage CEO Stephen Kelly in the wake of the Brexit vote reminds us of Rudyard Kipling’s poem ‘If’. Mr Kelly (himself of the stoic Best of British school) urges his key constituency, the UK entrepreneurs to in effect Keep Calm and Carry On. This is a necessary message in these times, when the body politic seem headless, and many CEOs are ‘doing an ostrich’. Tech’s wider stakeholder community (users, employees, supply chain partners and investors) need a guiding hand to give them (us!) some fixed compass point in these uncertain times and to encourage us to think that “Ours is the Earth and everything that's in it”. Hat tip Mr Kelly. We expect Sage to update guidance at the forthcoming Q3 update (for us: Sage wins on translation from the US dollar and better execution there, flags up new economic uncertainties in the UK and euro area) but all in it should set a reassuring tone." Panmure note out today on research tree

10:02 03/06/2016

Panmure published a note on Sage this morning: "Following our trip to Salesforce World Tour (19 May) we decided to dig some more into the marketing efforts around Sage Live. Spending time on the Sage marketplace (investor think of it as Sage’s ‘appstore’) we note what appears to us to be a record number of new additions of independent software vendors... our view is that Sage only has to tap into a fraction of the Salesforce pixie dust (200,000 customers) to have a large success on its hands... if there is upside to our FY/2016E estimates (ended 31 September) it is unlikely to be from Sage Live, but we did not expected that anyway. The valuation remains on the high side on PE 23.9x, 16.0x EV/EBITDA – with 2.3% div and 2% FCF yield." From Research Tree

10:59 25/05/2016

Welcome to the new Sage Group (The) stream forum! Messages posted in the Sage Group (The) stream will be logged here for posterity.

10:59 25/05/2016

Read Panmure Gordon & Co's note on Sage Group, out this morning on Research Tree: "While Intuit shares fell after hours, nonetheless the company beat Q3 and raised FY guidance. The readacross for Sage is that it was Intuit’s online edition of Quickbooks which was at the heart of the beat – Sage needs to up its cloud game. Intuit reported Q3 EPS US$3.43 ex-items vs consensus (source FactSet) US$3.21 with revenue +8% to US$2.30Bn vs consensus US$2.25Bn. Q4 Guidance: EPS breakeven vs consensus..."

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