Sage says sees higher growth with expanding customer base.
Good news for investors
http://www.polskishop.com/9_05_03.htm
STOCKSURGERY
www.polskishop.com

Market not impressed. Testing support @ 540p watching.

That was some bounce back yesterday after profit taking. Had a limit buy triggered this am @ 582p on the spreads, tight stop.

LATEST BROKER VIEWS

Date Broker New target Recomm.
3 Dec Barclays... 420.00 Underweight
3 Dec Numis 640.00 Add
3 Dec Exane BNP... 495.00 Underperform
3 Dec Investec 535.00 Hold
2 Dec Numis 573.00 Hold
1 Dec Jefferies... 670.00 Buy
1 Dec Citigroup N/A Buy
30 Nov Investec 535.00 Hold
27 Nov Bryan Garnier 540.00 Neutral
26 Nov Panmure Gordon 535.00 Hold
Broker Recommendations for Sage Group (The)

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Dec JP Morgan... 670.00 Overweight
3 Dec Canaccord... 645.00 Buy


Stop on spreads raised to 597p.

Out the spreads @ 610p one day profit too good to turn down. Will place a limit buy 1 pip above todays high at close.

Limit Buy filled @ 615.46 Stop 599p

Stop to entry.

I think to go higher has to retest 580p support. But you just never know in this crazy market. On sidelines re spread bets. Watching to see what develops. Had a good run and made that higher high ytd.

Tested 580p intraday, still watching.

On it now, but will it bounce, buy order left on spreads for tomorrow @586p tight stop.

Pointing back in the right direction.

Stop to entry for risk free trade.

Sage says Q1 organic revenue up 6.6%

StockMarketWire.com

Chart of the week: Wedge breakout approaching

RNS Number : 3000X
Sage Group PLC
05 May 2016

The Sage Group plc unaudited results for the six months ended 31 March 2016
Thursday 5 May 2016
Accelerating performance and transforming the business


Operating performance

‒ Improved organic revenue growth to 6.2% (H1 2015: 5.0%), achieving double digit recurring revenue growth of 10.0% (H1 2015: 8.1%);

‒ Accelerated software subscription growth to 35.3% (H1 2015: 25.4%) in line with planned transition and corresponding decline in SSRS revenue of 6.3% (H1 2015: -2.0%);

‒ Customers embracing closer relationships with a 50% increase in subscription contracts to 842,000 (H1 2015: 561,000);

‒ Strong results in Europe, North America and Africa were balanced by a slower performance in Asia, which benefitted from non-repeating revenues in the prior period;

‒ Progress made on areas targeted for improved performance (Enterprise Europe, Payments North America and Small and Medium Business North America).


FINANCIAL SUMMARY1,2
H1 16
H1 15
Change
Organic revenue
£747m
£703m
+6.2%
- Recurring revenue
£513m
£466m
+10.0%
- Processing Revenue
£97m
£91m
+6.6%
- SSRS Revenue

£137m

£146m

-6.3%

Organic operating profit
£189m
£186m
+1.9%
Organic operating profit margin
25.4%
26.4%





Underlying basic EPS
12.09p
12.28p
-1.5%
Underlying cash conversion
111%
114%

Ordinary dividend per share
4.80p
4.45p
+8%

STATUTORY SUMMARY2
H1 16
H1 15
Change
Revenue
£747m
£717m
+4.1%
Operating profit
£152m
£179m
-15.1%
Profit before tax
£142m
£168m
-15.6%
Basic EPS
9.88p
11.65p
-15.2%
- See more at: http://www.sage.com/company/investors/regulatory-announcements/2016/05/05/halfyear-report#sthash.rFJnZV4K.dpuf

Having another go at breaking 700p. Trading Statement next Tuesday 26th.

Down today on a report that Sage have suffered a data breach from an internet hacking attempt.

Reuters - City of London police arrested a Sage Group (SGE.L) employee on Wednesday at Heathrow Airport on suspicion of conspiring to defraud the British software maker, police said in a statement.

The 32-year-old woman was arrested on suspicion of conspiracy to defraud in connection with an alleged fraud against the company. She was subsequently released on bail, the police said.

Earlier this week, the Newcastle-based company, one of Britain's biggest tech firms, said an internal login had been used to gain unauthorised access to some of the personal employee data of around 280 of its British customers.

Sage supplies accounting and other financial software to 3 million small and medium-sized business customers globally. Its payroll-processing software is used by more than half of Britain's companies, analysts estimate.

Sage is working to ascertain whether any data has actually been stolen, a source at the company said on Monday.

Following the arrest, Sage declined to comment other than to reiterate it was cooperating with the police investigation.

The police statement said she was a current Sage employee but provided no further details.