Should I buy Sage Group shares for my UK tech portfolio?
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The
Sage Group(LSE: SGE) shares fell 20% in the past year. However, the company’s shares rose 5% on January 21
st after it released its first-quarter fiscal year 2021 trading update.
Sage Group shares’ recent trading update
Sage Group’s revenue grew by 1.4% year-on-year to £447m. It was primarily helped by the 4.7% growth in recurring revenue to £408m. Other revenue fell 24% to £39m. In my view, recurring revenue is one of the important metrics while evaluating a tech company, since recurring revenue is the portion of its revenues that is expected to continue in the future.
My 3 best investment ideas from January 2020 and what I’d do about them now
More on: Image source: Getty Images.
To know where we are going, it’s often instructive to look at where we are coming from. And this applies to investments as well. In this spirit, I took a look back at the stock ideas I had this month one year ago. Here are three of my best:
#1. Fevertree Drinks: US market gains
AIM-listed
Fevertree Drinks (LSE: FEVR) was one stock I was gung-ho about. At the time the tonic-water manufacturer’s share price had crashed by a resounding 27% following a weak trading update.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
Anyone can use this investment approach. Indeed, based on Buffett’s track record, it appears that by doing so, one may be able to achieve large investment returns from the stock market. And it’s the approach I would use if I had to invest £10,000 today.
The Warren Buffett method
Buffett or the Oracle of Omaha as he is sometimes known, doesn’t just target cheap stocks. He wants to buy high-quality businesses, that have a strong track record of creating value for investors.