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

Broker forecast from hmscott premium..

SGE way too cheap on a forward P/E of 13 to full year esults.

Sage Group (The) PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

WestLB
28-03-11 BUY 20.11 8.20 21.24 8.70
Exane BNP Paribas
28-03-11 SELL 321.00 19.28 5.17 331.00 19.84 5.34
Panmure Gordon
28-03-11 BUY 382.00 20.60 8.58 409.00 22.00 9.44
SG Securities
25-03-11 HOLD 18.59 9.29 19.71 9.86
Brewin Dolphin
25-03-11 ADD 364.00 19.60 8.00 390.00 21.00 8.80
Peel Hunt
25-03-11 HOLD 369.00 19.80 8.19 394.56 21.17 9.01
Charles Stanley
25-03-11 ACCU
Investec Securities
16-03-11 HOLD 368.42 20.02 8.20 384.84 21.00 8.50
Numis Securities Ltd
03-02-11 HOLD 370.20 19.90 8.60 399.50 21.50 10.00
Evolution Securities Ltd
03-02-11 BUY 365.90 19.70 8.20 400.10 21.50 8.60
Execution Noble
04-01-11 BUY 339.00 20.40 8.20 374.00 22.30 8.80
Canaccord Genuity Ltd
06-12-10 BUY 20.20 8.30 22.50 9.30
Seymour Pierce
30-04-10 None

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 360.23 19.79 8.04 384.89 21.12 8.69
1 Month Change -0.61 -0.06 -0.30 -2.43 -0.13 -0.33
3 Month Change -0.93 -0.04 -0.27 0.19 -0.05 -0.28


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 6.02% 15.11% 6.73%
DPS 3.16% 7.06% 8.10%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 394.10m 394.11m 410.94m
EBIT 329.50m 358.22m 375.12m
Dividend Yield 2.73% 2.92% 3.16%
Dividend Cover 2.29x 2.46x 2.43x
PER 16.00x 13.90x 13.02x
PEG 2.66f 0.92f 1.94f
Net Asset Value PS -42.57p 122.52p 129.60p

Two Broker BUY notes out late yesterday........ trading on a P/E to the year end of just over 13 way too cheap imo.

Sage Group (The) PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
07-04-11 BUY 382.00 20.60 8.58 409.00 22.00 9.44

WestLB
07-04-11 BUY 20.11 8.20 21.24 8.70

Joined you today gf with SB, made a few bob on these going up initially sadly didn't trade them back down. I agree undervalued.

This Wednesday Sage is expected to turn in a robust set of results, as it benefits from small and medium businesses turning to its management software to reduce operating costs. It will also have to address the cost of its legal battle with Mind Your Own Business, its Australian rival, which launched legal action against the company when Sage dropped its A$1.33bn (854bn) bid to buy it earlier this year

Tipped this week in Shares (kiss of death :O)
Worth a punt, buy order left on the spreads @ 311.9 tight stop. AGM 29/02.

Wee punt on the spreads today @300.6 initial target 310.0 stop 289.0

Goldman Sachs upgrades Sage Group from sell to neutral, target price raised from 330p to 345p.

Buy order left on the spreads @ 292.0 if it can close above 290.0 today looking for a run up to target 310.0, interim results 09/05.

Gone long on the spreads @ 290.0

CC looks interesting results may be better than expected.

Hope so Halifax, got my timing badly wrong in March thinking it would push on from 300.0. Bounced off solid support at 280.0 so we'll see fingers crossed.

Stop to 300.0 to lock in + 10

From accross the road "Rumour that SAP about to launch a bid for SGE - todays Times.

Stop to 310.0 to lock in + 20

Stop to 315.0 to lock in + 25

Panmure Gordon downgrades SGE from Hold to Sell, Target Price unchanged @ 267p

If it dips below 300p tomorrow could be worth a short punt. Bloody brokers Knobheads the lot of em!

Wee punt on the spreads long @295.8 tight stop.

CC might need some onion with this one!

Hali - Won't hang about if it drops below 200DMA, has rallied every January for the last 3 years and I like history, so worth a punt :O)