||ORD 1 1/7P
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Misys (London Stock Exchange): 0 recent articles
|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?|
|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?|
|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.|
|marketeer4: dhutch - I think the rise in the share price prior to the tender offer has caught the Misys management on the backfoot. The sale of their Allscripts stock and acquisition of Sophis had been planned for some time and the intention for them to return capital to shareholders has again been known for some months. You have to do your own research but the potential upside has been and IMHO remains strong.|
|prestor: Have to admit I didn't understand this so called return of capital to share holders. I have been a long term holder and didn't take up the offer to sell because I beleived that once the tendered shares were sold they would then be cancelled resulting in an increase in the share price, IE: less shares in circulation. So why would any one sell unless they wanted the money quick. Why didn't they just pay a special divi or re instate the normal dive to begin with. I think this was more for MISYS than it was for the shareholder.|
|marketeer4: I agree it is an unusual offer particularly now that the share price has risen.
There must still be alot of upside in the share price due to the acquisition of Sophis which had operating profit of 30 million euros in the year ended 31/12/2009. This surely establishes Misys at a new level.
The shares have fallen from their high above 300 pence but still are way above the 270 pence lower limit of the tender offer. I appreciate you can set your tender price up to 310 pence per share but I do not see many people taking up
the offer to sell their shares at a price at no real premium to the current price. The company may have to look again at the tender price if the offer is not taken up by many shareholders.|
|dhutch2: I have found no comment anywhere on whether to sell in the offer or not.
How much will the strike price be above the market price?
Is the share price expected to rise or fall afterwards?
Capital gains suits me as opposed to taxed dividends but I can achieve this anyway by just selling the shares in the market.
Such an unusual offer!|
|frdjacob: The share price has fallen 40% in 3 months!
Any ideas why?|
|m.t.glass: Very little press or broker comment so far on today's announcement.
LONDON (Thomson Financial) - Software company Misys PLC said it has entered into a partnership with India's HCL Technologies to jointly market its banking, and treasury and capital markets products in India, Singapore and Malaysia, enabling them to gain market share in the fast-growing economies.
HCL has also selected Misys as its preferred banking software partner, the company said. tf.TFN-Europe_newsdesk@thomson.com ro/faj/sal
"This is another step in the re-building of Misys to deliver value for our customers in a faster and more efficient way," said Misys.
"Partnering with HCL, who have an unrivaled track record and are clear leaders in their field, provides a significant opportunity to leverage their skills and proven expertise to gain access to one of the world's great growth economies," it added.
See also http://www.bobsguide.com/guide/news/2007/Oct/30/HCL_AND_MISYS_SIGN_LANDMARK_DEAL_IN_INDIA.html
(it doesn't add much, but a few bits differ)
Last week's announcement about going open source (in healthcare sector) did reap some comment (and subsequent share price rise)
|2shemshersingh: don't think £3.25 will be a take out price. My guess is under £3. Possibly 275p. There are several bidders, I don't think they all want to buy the company as a wole, some may want parts. I think it's in the management interest to accept bids for the whole of the business rather than indiviual parts but if the highest bidders of individual parts add to give a much higher overall stock price then they maybe prefered. I think that Misys has received a few bids and liked thier offers, thats why they have decided to open their books. I don't think we'll get an annoicemnet in terms of bid news tommorow. My guess is management will keep their relationship with bidders tight until vital decisions have been made. The last thing the bidders want is a stock price that has been carried away and stock holders not happy about lower bids compared to hyped up share price. I think the share price spikes will be contained and you may get a tight trading range for a while. The other thing I am assuming is there maybe many leaks and misys will try and wrap things up in terms of delivering a solid credible bid quickly before leaks spike up the share price. Spiked share priced is bad for bidders that may walk away if the stock price is far above what they have in offer. I'm looking forward to further press news and am talking the opportunity of a tight trading range to accumulate more stock on chart breakouts, like 240p breakout.|
Misys share price data is direct from the London Stock Exchange