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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fidessa Group | LSE:FDSA | London | Ordinary Share | GB0007590234 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 3,865.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 3,865.00 | 3,875.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 3,865.00 | GBX |
Fidessa Group (FDSA) Share Charts1 Year Fidessa Group Chart |
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1 Month Fidessa Group Chart |
Intraday Fidessa Group Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/7/2018 | 02:09 | Fidessa (FDSA) One to Watch on Monday | - |
| 24/4/2018 | 14:09 | *** FDSA *** | 21 |
| 24/3/2016 | 13:37 | Fidessa | 48 |
| 19/11/2008 | 12:59 | Fidessa | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 29/7/2018 02:09 by danieldanj Fidessa (FDSA) Earnings-Reaction to Keep an Eye |
Posted at 24/4/2018 14:09 by whitestone FOR IMMEDIATE RELEASE 24 April 2018Statement regarding Fidessa group plc ("Fidessa") Further to the announcements made by Fidessa on 3 April 2018 and 5 April 2018 in which SS&C Technologies Holdings, Inc. ("SS&C") was identified as a potential bidder for Fidessa, and further to SS&C's announcement on 6 April 2018 confirming that it had engaged in preliminary discussions with Fidessa regarding a potential transaction, SS&C today confirms that it does not intend to make an offer for the entire issued and to be issued share capital of Fidessa pursuant to Rule 2.7 of the Code. Under Note 2 on Rule 2.8 of the Code, SS&C, and any person acting in concert with SS&C, reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances: (i) with the agreement of the board of Fidessa in the event that (A) the offer by Temenos Group AG ("Temenos") is withdrawn or lapses and (B) the offer by ION Investment Group Limited ("ION") is withdrawn or lapses; (ii) if a third party other than Temenos or ION announces a firm intention to make an offer for Fidessa; (iii) if Fidessa announces a "whitewash" proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (iv) if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers). |
Posted at 03/4/2018 16:04 by whitestone Last-minute bidders look to crash Temenos bid for FidessaShares in software group climb 11% on disclosure of two new potential bidders Cat Rutter Pooley in London Fidessa, the UK financial technology company that has accepted a takeover offer from the Swiss banking software group Temenos, has received interest from two other possible bidders, delaying a shareholder meeting to seal the deal. Both of the other approaches were at a premium to the £1.4bn Temenos bid, Fidessa said, with one possible bid at a 5 per cent premium to the Swiss deal. Shares in the company soared 11 per cent in early afternoon trading to £40.70 a piece — well above the level of the latest bid — as investors speculated on the outcome of a takeover fight between Temenos and its as-yet unnamed rivals. One of the new offers, while not confirmed, could give FTSE 250 member Fidessa shareholders £37.50 a share in cash plus the dividend of 79.7p, Fidessa said on Tuesday. Temenos’ offer, agreed on February 21, gave investors £35.67 in cash plus the dividend. Fidessa gave no details about the terms of the other possible bid. The deal for the trading technology business followed pressure from the activist investor Elliott Capital Advisors, which built close to a 5 per cent stake in Fidessa in the belief it had not been run as efficiently as equivalent software businesses, people with direct knowledge of the situation previously told the Financial Times. The agreement with Temenos was due to be put to an investor vote on April 5 after receiving the backing of Fidessa’s board in February. While there was no certainty a formal offer would be made by either of the companies looking to crash the deal, Fidessa said it had concluded that it was in shareholders’ best interests to postpone the court meeting to sign off the takeover by Temenos “in order to explore in more detail the possible alternative offers”. “Discussions with the third parties are ongoing and there can be no certainty that a formal offer from either will be forthcoming or as to the terms of any such offer,” Fidessa said. Temenos’ offer still stands for now, but has to be approved by April 27 under the terms of the deal. The Takeover Panel will set a deadline for the unnamed bidders to either confirm their bids or step away from Fidessa. |
Posted at 21/2/2018 16:56 by whitestone Fidessa accepts accepts Temenos bid as Elliot buys shares in UK companyTrading technology business recommends offer as hedge fund builds a near-5% stake Nic Fildes in London AN HOUR AGO 0 Activist hedge fund Elliott Capital Advisors has bought a near-5 per cent stake in Fidessa, after the UK financial technology company agreed to a £1.4bn cash takeover by Swiss banking software group Temenos. The news helped send Fidessa’s shares up more than 7 per cent to a record high of £38.30, well above than the £35.67 takeover price, as investors bet that Elliot’s involvement could force a more lucrative offer from Temenos or another bidder. Fidessa’s shares have gained 42 per cent over the course of three days. The company, which provides market data and trade processing technology to investment banks and fund managers, said its board would unanimously back the Temenos bid, which valued it at more than £1.3bn. Both sides said the deal would “yield significant benefits through efficiencies and cross-selling opportunities” John Hamer, chairman of Fidessa, said the company was well positioned to grow as an independent entity but the bid represented “a very attractive and immediate return to our shareholders”. Temenos tried to buy Misys, another UK banking software stalwart, earlier this decade but the Fidessa deal surprised analysts as it radically diversifies the business and is pitched well above its $1bn acquisition war chest. Andreas Andreades, Temenos’s executive chairman, said the deal was justified by the structural change in the capital markets sector that will require companies to overhaul their technology assets. “We truly believe that this powerful combination will accelerate both companies’ complementary growth strategies in banking and capital markets and will enable us to cross-sell into our existing client bases and capture a greater share of the IT and software spend of banks, especially as they move to the cloud,” he said. Elliott declined to comment. Andrew Darley, an analyst with FinnCap, said that the activist may be “second guessing” that a counter bidder such as Ion Trading or a private equity buyer may emerge to outbid Temenos. He added, however, that Temenos had already agreed a full valuation for the company, with the offer pitched at a 37 per cent premium to its closing price. Mr Darley said that the sale represented a “graceful exit” for a company that had grown from a £46.7m business when it was floated as Royalblue in 1997 to a “£1.4bn behemoth”. Peter Roe, an analyst with TechMarketView, said that the Temenos tie-up would bolster Fidessa’s prospects but that the sale represents another blow to the listed UK technology scene. “It looks as if the business will retain significant autonomy and should benefit from the scale, expertise and collective research and development of the Temenos organisation. It is just such a pity that the London markets again lose a tech champion,” he said. |
Posted at 21/2/2018 16:41 by whitestone Fidessa trades above Temenos offer price in £1.4bn acquisition after Elliott Capital discloses stakeJasper Jolly Banking technology firm Temenos today agreed a £1.4bn acquisition with London headquarterd software firm Fidessa, with shares trading above the offered price after Elliott Capital Advisors disclosed an increased stake. The firms today announced the deal had been agreed after the two firms announced the takeover was at an advanced stage yesterday following big share price moves at the start of the week. Fidessa investors will receive £35.67 per share, while the firm will also pay a special dividend of 79.7p in June. The price represents a premium of approximately 37 per cent to the closing price at the end of last week. However, shares traded at £38.85 per share at the time of writing after private equity heavyweight Elliott Capital Advisors this morning disclosed a 4.87 per cent shareholding. Elliott has previously agitated for higher acquisition prices, including in Anheuser-Busch InBev’s offer for rival drinks maker SAB Miller and troubled Steinhoff’s bid for discount retailer Poundland. In the announcement Temenos said the deal was "a compelling opportunity to create a global leader in financial services software", adding there would be $60m in annual cost synergies. Fidessa was advised by Rothschild, Jefferies, and Numis, while Temenos was advised by Credit Suisse. John Hamer, Fidessa chairman, said the deal would give "a very attractive and immediate return to our shareholders". Temenos has agreed a loan of up to £1.43bn to finance the transaction, and said it will turn to capital markets before or shortly after completing the deal to raise the cash. |
Posted at 21/2/2018 08:49 by huttonr this looks as if it developing into an interesting stage- Temenos have put out their statement making a firm offer - Elliott have taken a 4.8% stake via a derivative so presumably they think there is scope for a second bidder - the share price has hopped up £1.50 What is next? |
Posted at 27/4/2017 18:18 by mattcookson Fidessa Group given Add rating By Numis Securities with a price target of 2920April 27, 2017 The broker said it has now set a ‘Add’ rating on shares of Fidessa Group with a price target of 2920. The price target according to the broker shows a possible increase of 22.27% from the current stock price of 2388.11 |
Posted at 28/4/2016 14:25 by thomasthetank1 Read Panmure Gordon & Co's note on FIDESSA GROUP, out this morning, by visiting hxxps://www.research"The key messages from Fidessa Q1 IMS reiterate the key themes from final results – consolidations and closures amongst the customer base but the delays in the regulatory backdrop have not created any new uncertainty (there is a golden correlation rule which says Any New Regulation In Capital Markets = spend more on IT). But Fidessa sees some opportunities (that Fixed Income market), the geographic picture is uniform and DSOs are in line with historic patterns. The new CFO ticks the right box. Whilst too rich for us on an earnings basis (PE 28.6, EV/EBITDA 11/8x) the share has ‘yield’ support (FCF 3.1%, Div 3.6%) and that will keep shareholders cheered ..." |
Posted at 31/3/2016 12:08 by abcd1234 FT alphaville saying fdsa is being closely looked at.....possible PE... bankers appointed... very early stage... |
Posted at 13/10/2015 11:31 by market sniper1 FDSA Fidessa group PLCLovely bullish bowl forming on the chart. Steady Eddie type of stock so patience is required. Went long first thing this morning. Reckon there is a lot to come from this stock. There were recentish director buys in late September. Name Fidessa Group Epic FDSA Sector Software & Computer Services ISIN GB0007590234 Activites, Fidessa Group plc (formerly royalblue group plc) provides a range of applications known collectively as Fidessa. Fidessa is a world leading solution for trading systems, market data and global connectivity. Available as a simple workstation or as an integrated application suite, Fidessa is built on the clear vision of providing the richest functionality, coverage and distribution to all tiers of the financial community. Latest share price (p) 1,867.50 Net gearing (%) 12.95 Market cap (£m) 696.47 Gross gearing (%) 42.22 Shares in issue (m) 38.21 Debt ratio 9.99 P/E ratio 23.64 Debt to equity ratio 0.15 Divs per share (p) 38.10 Assets / equity ratio 1.73 Dividend yield (%) 2.09 Price to book value 4.60 Dividend cover 2.23 ROCE 23.23 Earning per share (p) 77.10 EPS growth (%) -9.82 52-week high / low (p) 2,532.00 / 1,746.00 DPS growth (%) 2.97 Fidessa Group director deals Date Director Type Volume / price Trade value 23 Sep 2015 Ken Archer Buy 1,500 @ 1,799.00p £26,985.00 23 Sep 2015 Chris Aspinwall Buy 7 @ 1,791.00p £125.37 23 Sep 2015 Andy Malpass Buy 7 @ 1,791.00p £125.37 23 Sep 2015 John Hamer Buy 7 @ 1,791.00p £125.37 23 Sep 2015 Chris Aspinwall Buy 1,000 @ 1,779.00p £17,790.00 |
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