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MSY Misys

349.70
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Misys LSE:MSY London Ordinary Share GB00B45TWN62 ORD 1 1/7P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 349.70 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 349.70 GBX

Misys (MSY) Latest News

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Misys (MSY) Discussions and Chat

Misys Forums and Chat

Date Time Title Posts
29/9/201412:37Misys with Charts213
10/5/201118:03MISYS - new broom sweeping clean ?184
25/10/200609:33** MSY ** SHORT TERM STRATERGIES44
11/9/200608:24MISYS-What is the future?54
17/7/200623:16misys looking good for rebound86

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Misys (MSY) Top Chat Posts

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Posted at 19/3/2012 13:25 by eaaxs06
I've just read the statement from CVC/ValueAct, that they're still interested and might (or might not) put a bid in for the company.

I've a feeling this is sabre rattling on the part of ValueAct, and they're trying to push the price up, simply to get a decent price for the large shareholding they've already built up.

Still, it would be good if they did come in, offering 375p maybe, to try and draw out a knock-out bid of 400p.

PS; Great to see that we weren't all going mad, thinking the 320-330 price was too cheap. Good luck to everyone.
Posted at 12/3/2012 07:37 by amt
IS THIS STILL ON THE TABLE ?

Misys PLC (MSY.LN) Monday confirmed it had received a rival approach from U.S. buyout firm Vista Equity Partners, just two weeks after the financial software company said it was in merger talks with Swiss peer Temenos Group AG

(TEMN.EB).

"Misys confirms that it has received an approach from Vista Equity Partners consisting of a non-binding indicative proposal to acquire the entire outstanding share capital of Misys for cash that may or may not lead to an offer being made," the company said.

Misys was responding to a news report that Vista had offered GBP1.2 billion for the company, considerably less than the GBP1.4 billion reportedly offered by U.S. rival Fidelity National Financial Inc. (FNF) last summer, and arguably less attractive to the all-share offer from Temenos.

Vista Equity Partners has until close of business March 19 to make a firm offer or walk away
Posted at 05/3/2012 13:22 by eaaxs06
I'm just a bit worried that no-one actually wants Misys, but they're all too scared to let someone else have it.

I've got a nasty feeling that if one backs out, they'll all run away, and we'll be left in the same situation as with Fidelity, last summer.

It's still very strange the share price hasn't acted more positively, especially with three suitors chasing it?
Posted at 24/2/2012 14:09 by eaaxs06
The more I look at Misy's recent price movement, the more I realise I haven't got a Scooby about share prices.
Posted at 22/2/2012 16:10 by targatarga
must be worth a t trade .... announcement to read - agreement reached at a price 0f 25p over the closing price on 22nd feb
Posted at 20/2/2012 14:52 by eaaxs06
It seems odd to me that the price is so reluctant to move higher, given that there are two prospective bids on the table (and possibly other in waiting).

As the latest 'approach' is talking about 360p a share, I'd have thought this would have pushed the share price up nicely in excess of that?
Posted at 03/2/2012 07:27 by cool runnings
Wow, if Msy can reject 425p in cash from Fidelity, as they wanted 450p in cash then this deal must value msy at 500p?? Plus Fidelity free to bid again as from tomorrow!!
Posted at 26/1/2012 12:42 by mj19
Panmure Gordon has reiterated its hold recommendation on financial software provider Misys, saying that the figures were shy of its (and consensus) expectations.

"As we expected, Misys revenue is coming from selling 'bits and pieces' (i.e. moves/add/changes), which has driven up revenue in its Global Services division, but licence sales are down 6.5% year-on-year," said analyst George O'Connor.

"Takeover talks will keep the 'pep' in the share price and a good narrative on Bankfusion (8 new sales and 11 installs) should cheer investors but, following these results and associated downgrades, shares are coming down," he said. Panmure cuts its target from 335p to 295p.
Posted at 26/1/2012 08:26 by aleks_atanasov
LONDON (Dow Jones)--Misys PLC (MSY.LN), the software and services company serving the financial services industry, fell into a pretax loss in the six months ended Nov. 30 and said it has contingency plans to eliminated GBP6 million to GBP8 million of operating costs due to continuing uncertainty among customers.
MAIN FACTS:
-Revenue in six months ended Nov. 30 GBP196.9 million (2010: GBP160.9 million)
-Operating profit GBP5.2 million (2010: GBP17.7 million)
-Pretax loss from continuing operations GBP2.7 million (2010 profit: GBP14.9 million)
-Diluted loss per share 0.8 pence (2010 earnings: 117 pence)
-Net cash and cash equivalents at period end GBP61.2 million (2010: GBP869.7 million)
-Market conditions have been challenging in financial services, customers have continued to adopt the new solutions that Misys has been investing in..
-Order intake up 34% to GBP109 million - up 3% on a pro-forma, constant currency basis
-Slower purchase decisions by financial institutions in Western Europe
-Adjusted basic earnings per share up 114% to 6.0 pence.
-Medium-term financial targets, for the two years to May 31 2013 are unchanged: annual revenue growth of 5-8% and adjusted operating margins of 20-23% for the Misys Group.
-Shares closed Wednesday at 325.5 pence valuing the company at GBP1.09 billion.

"fell into a pretax loss in the six months ended Nov. 30 and said it has contingency plans to eliminated GBP6 million to GBP8 million of operating costs due to continuing uncertainty among customers." -that is a profit warning

and i am skeptical on the argument that some punters were expecting a bid, cause so far i ave never seen an interim report and a bid announcement in a same day.
Posted at 27/1/2011 08:47 by marketeer4
Regulatory Story
Go to market news section

Company Misys PLC
TIDM MSY
Headline Proposed Return of Cash to Shareholders
Released 07:01 25-Jan-2011
Number 12156-5776



25 January 2011

Misys plc ("Misys" or the "Company")

Announcement of terms of the return of approximately £145 million to
shareholders via a B share scheme

Return of 38 pence per ordinary share

7 for 8 share consolidation

The Company today announces the return of approximately £145 million by way of
a B share scheme, which gives shareholders a choice between receiving the cash
in the form of income or capital. The return will be accompanied by a
proportional share consolidation to maintain broad comparability of the share
price, earnings per share, dividend per share and other per share data. Further
details are set out below.

Background

In 2010, Misys disposed of the majority of its 54.6 per cent. shareholding in
Allscripts (the "Disposal"). The Board stated that it intended to return to
Shareholders, by way of a tender offer, substantially all of the net proceeds
of the Disposal being £670 million (the "Disposal Proceeds"). Shareholders
subsequently voted in favour of the proposed Tender Offer at the General
Meeting held on 13 August 2010. On 15 November 2010 a shareholder circular in
relation to the Tender Offer was posted to Misys shareholders and on 16
December 2010 Misys announced the result of the Tender Offer (the "Tender Offer
Announcement"). 169,354,057 Ordinary Shares were tendered and were repurchased,
for a total cost of approximately £525 million.

The Tender Offer Announcement also contained a statement that the Board
remained committed to the return to the Company's shareholders of £145 million,
being the balance of the £670 million Disposal Proceeds allocated for return.

Misys announces that it is today posting a circular (the "Circular") to its
shareholders and convening a General Meeting, to be held on 11 February 2011,
to obtain shareholder approval for the proposed return of approximately £145
million cash to shareholders.

Details of the B share scheme

Subject to shareholder approval, shareholders will receive one B share for
every existing ordinary share that they hold on 11 February 2011. Shareholders
will be able to elect between the following choices in respect of those B
shares:

* To receive a single dividend of 38 pence per B share for some or all of
their B shares;

* To have some or all of their B shares redeemed on the Initial Redemption
Date at 38 pence per B share, free of all dealing and commissions; or

* To have some or all of their B shares redeemed at the Final Redemption Date
at 38 pence per B share, free of all dealing expenses and commissions.

Shareholders who decide to have only part of their holding of B shares redeemed
on the Initial Redemption Date or choose not to receive the single B share
dividend in respect of their B shares, will have the remainder of their B
shares redeemed on the Final Redemption Date at 38 pence per B share.

Shareholders who do not elect, or who are not eligible to elect, for any of the
B share alternatives will have their B shares redeemed at the Final Redemption
Date at 38 pence per B share.

A share consolidation will take place in conjunction with the B share scheme.
Existing ordinary shares will be subdivided and consolidated so that
shareholders receive 7 New Ordinary Shares (subject to fractional entitlements)
for every 8 existing ordinary shares held on 11 February 2011. The intention is
that the intrinsic value of one New Ordinary Share immediately after Listing of
the New Ordinary Shares should be approximately equal to the intrinsic value of
one Existing Ordinary Share immediately before the consolidation.

The effect of the share consolidation will be to reduce the number of issued
ordinary shares to reflect the return of 38 pence per ordinary share, but
shareholders will own the same proportion of Misys issued share capital
immediately following the consolidation as they did previously (subject to
fractional entitlements).

The New Ordinary Shares will be traded on the London Stock Exchange in the same
way as existing ordinary shares and will be equivalent to the existing ordinary
shares in all material respects, including their dividend, voting and other
rights.

Full details of the B share scheme and share consolidation are contained in the
Circular to shareholders.

Copies of the Circular will be available from or can be inspected at the
registered office of Misys plc One Kingdom Street, London, W2 6BL and the
offices of Allen & Overy LLP One Bishop's Square, London, E1 6AD. Copies will
also be available on the company's website: www.misys.com

Expected timetable of principal events

Latest time and date for receipt of 9.50 am on 9 February 2011
Electronic Proxy Instruction, CREST
Proxy Instruction or Form of Proxy for
General Meeting

General Meeting 9.50 am on 11 February 2011

Latest time and date for receipt of 4.30 pm on 18 February 2011
Election Forms or TTE instructions in
relation to the B Share Alternatives
and Election Form Effective Date

Despatch of cheques and bank accounts 4 March 2011
credited, as appropriate, in respect of
Single B Share Dividend (Alternative 1)

Despatch of cheques and CREST accounts 4 March 2011
credited, as appropriate, in respect of
the B Shares redeemed on the Initial
Redemption Date (Alternative 2)

Despatch of cheques and CREST accounts 14 April 2011
credited, as appropriate, in respect of
B Shares redeemed on the Final
Redemption Date (Alternative 3)

Enquiries

Phil Branston, Director of Investor Relations

T: +44 (0) 203 320 5503 M: +44 (0) 789 906 5115

phil.branston@misys.com

About Misys

Misys (FTSE: MSY.L) provides integrated, comprehensive solutions that deliver
significant results to organisations in the financial services industry. Misys
maximises value for its customers by combining deep knowledge of their business
with commitment to their success. In banking and in treasury & capital markets,
Misys is a market leader, with over 1,200 customers, including all of the
world's top 50 banks. Misys employs over 3,500 people who serve customers in
more than 120 countries. Misys aspires to be the world's best application
software and services company.
Misys share price data is direct from the London Stock Exchange

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