gamesinvestor
04 Feb 2018
Re: Looking ripe for plucking! "Tangible net liabilities are minus £1 billion"Elena - why in your view is this important?Games
Elena Saratov
01 Feb 2018
Looking ripe for plucking! From the Evil Diaries"I offer a titchy bit more on Sage (LON:SGE) – there is a long way to go. But the fundamental problem is that SGE’s software, which has been such a walloping success over the years, now has competition from Microsoft, Xero and Intuit. Accountants tend to be loyal to the devil they know but….Tangible net liabilities are minus £1 billion and the capitalisation is £8 billion. That’s a big gap."[link] agree.The SP should be worth no more than 330p.
gamesinvestor
26 Jan 2018
Re: Deutsche nk -- I'm no expert on accounting software, but pulled up this simple review, now that all the 3 companies must press for subscription based and cloud supported business models. [link] is one of the comments, how widely representative it is I don't know :- """"John Toon • 6 months ago For a review like this to come up with a result that reflects the exact opposite of what is happening in the market is pretty worrying!Xero is the number one cloud based accounting app in the UK both in terms of users and accountants who offer support for the product. QBO is their only real competitor but loses out because of its US focused apps and confusing interface.Sage were very much late to the cloud party and their product is way behind the other two previously mentioned. It might be easy to set up but the world has moved on from direct bank feeds and its all about increased automation and integration with other 3rd party apps.Games
nk1999
25 Jan 2018
Deutsche "Sage will find it challenging to meet its full-year targets, reckon analysts at Deutsche Bank, after a weak first quarter and growing competition from the likes of Quickbooks and Xero.DB, which maintained its 'hold' rating and 740p target, said organic revenue growth of 6.3%, with 7% growth in recurring revenue, was due to "sales execution issues" and subscription growth slowed to 26% from 30% the prior year.Management, which blamed the shortfall on a training initiative across the sales force which cost around two weeks of lost productivity, reiterated full-year guidance of "around 8% organic and around 27.5% organic operating margin" but said the first half would be closer to 7%, with flat margins year-on-year, which analysts said left the second half "looking particularly challenging".Estimating the impact of the Intacct and Fairsail acquisitions, along with the US Payments divestment, the analysts add around two percentage points to the top line versus last year's reporting metric, on which Sage managed 5.9%, therefore, organic growth has actually declined by around 1.5pp on an 'apples to apples' basis.With little detail given by management around Sage One, other than to say that the focus remains more toward ARR than subscriptions, the analysts felt this suggested that recent efforts to increase pricing to more reasonable levels are constraining subscription growth/driving churn, in line with the experience in 2H17."(From ADVFN)
S17
24 Jan 2018
Re: drop Quarterly report to 31.12.17 sounds good but due to perversity of the markets they had expected better. See; [link] the subtle sting in the tail for a company deriving a lot of profit from across the pond and Europe "Sterling has strengthened against all major currencies except the Euro in our operating territories, leading to exchange rate headwinds, particularly in the translation of the US Dollar. "
latife
24 Jan 2018
drop Why such a drop? Have I missed something??
II Editor
22 Nov 2017
NEW ARTICLE: How Sage surge can continue "In keeping with the accounting profession it serves, the rise in shares at software company LSE:SGE:Sage has been steady and unassuming. But when you consider we're talking about a journey that began in 2012, when the shares stood at a mere 254p, ..."[link]
pms01
03 Oct 2017
share rise Seems to be ticking up quite nicely, cant find any reason why ?
gamesinvestor
09 Aug 2017
Director Sale - CFO 04-Aug-17 Sage Group SGE Hare,Steve 93,136 @ 6.81p £634,388.9CFO offloading here.Games
II Editor
03 May 2017
NEW ARTICLE: Sage attacking 17-year high "LSE:SGE:Sage's weaker-than-expected start to the financial year had the City boo-boys patting themselves on the back and the share price below 600p for the first time since June. But the accountancy software giant had already warned that growth ..."[link]
nk1999
30 Apr 2017
Telegraph- Questor "The Questor Column:Sage investment? Not when shares trade at 18 times forecast earnings: Last month’s Sage Summit at London’s ExCel centre had a lot to live up to. When the FTSE 100 software company put on its business conference for distribution partrillioners, customers and fun-loving accountants in Chicago last summer, Sir Richard Branson and Gwyneth Paltrow put in an appearance. Sage has made good progress in migrating its existing customers on to more lucrative subscription contracts and is simplifying the business to cut cost. Even if it stagnates, Sage has a lot of appeal, including 80% recurring revenues. Its ratio of net debt to earnings is also the lowest it has been for three years, leaving scope for £150 million in share buybacks from this year on. The niggle is that its shares are trading at 18 times next year’s forecast earnings, suggesting it is being viewed as a growth stock just as there are signs of declining momentum. If only its sales figures were as impressive as some of its get-togethers. There is currently better value elsewhere. Questor says ‘Avoid’ "(with price at 670p).nk
gamesinvestor
10 Mar 2017
Re: Xero user base "Here is a more recent comparison"marcher thanks for the link. Quite interesting to compare.Whatit does imply though is that Xero is a much more comprehensive package.There seems to be no clear price comparison as the starting prices are meaningless unless you specify the time / what features are included in the price etc.Seems inconclusive, if not more favourably weighted toward Xero.Games
Maddoxx
01 Mar 2017
Re: NEW ARTICLE: Chart of the week: Favo... The chart is clearly showing a golden hammer formation - very bullish - time to buy!
LoveMusic
28 Feb 2017
Share buy-back? I wonder if No. 14 in the AGM - Power to make market purchases of own shares - signifies an intention to do a share buy-back.Or is this to do with stock-options for Directors etc.?LM
JoseFrio
27 Feb 2017
Re: NEW ARTICLE: Chart of the week: Favo... " it might go up, or it might go down, but that it might stay the same for a while" pretty much sums up most technical analysis.The classic example is talk of bollinger bands or resistance levels. Apparently the price of a share either stays within the band, falls below it or rises above it. Clever stuff.
