ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

PTS Patsystems

13.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Patsystems LSE:PTS London Ordinary Share GB0032386822 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Patsystems Share Discussion Threads

Showing 3526 to 3547 of 3825 messages
Chat Pages: 153  152  151  150  149  148  147  146  145  144  143  142  Older
DateSubjectAuthorDiscuss
12/6/2009
16:36
I actually think we are more of a TO target now with green shoots starting to appear. The likes of Barclays are rumoured to be creating a war chest to swoop on undervalued assets as/if the shoots start to sprout.
I can't work out if ION really want PTS or have just made a strategic investment to ensure no one else snaps them up and creates a bigger rival.
Still as long as the share price heads up, I will be happy.

bbd2
12/6/2009
08:43
bbd2, not ignoring you, just been away for the week.

found the new customer announcement, i'd heard it was in the pipeline. there are a couple more apparently, but not sure if they are full installations. its these that are the real kicker from what i understand, with relatively constant costs, additional revenue largely drops to the bottom line - supposedly.

thanks for the two articles above, not sure i would have found either. the latter one indicates broker forcasts of £4m - is that an upgrade to the outlook?

had a quick look at the website- its been snazzed up a bit - the investors listed, ion, brandes etc, have total holdings of 58.39% of issued equity.
I'm slightly confused by the sentence that appears above the holdings

''Percentage of Securities not in public hands.
33.35%.''

Does this mean that the management, share options for staff, founder shareholders etc hold 33.35% of the shares? or what does it mean?

does it imply that there are only 8.26% of shares available to the market?

anyone help?

otherwise, nice to see the price improvement.

not sure we can expect any corporate action here in these straightened times. management might be ballsy enough to try a small purchase, but not sure ION are going to have the desire to pursue whilst money and valuations are tight - although it could be argued that now is the time as a reasonable valuation on the company would almost certainly guarantee success.

that said, given IONs complete lack of comment, any speculation on their motives has been limited to comment here or similar.

i think it was maddox who muted a reverse takeover, if thats their aim, i would think that implied valuations on their worth would delay any action, whereas if they are merely looking to add to the stable of businesses they operate, cheap is good !

bg23
09/6/2009
21:05
Patsystems' Risk Management Products Meet Market Demand
08/06/09

As regulators in the U.S. and Europe look to introduce tougher regulations for firms trading in derivatives, some banks and brokerage firms are starting to look for technology that will automate new reporting requirements, such as daily reporting of positions and trades. Couple this with the overall focus on risk management technology and you have a real demand for Patsystems' pre- and post-trade risk management products.

Patsystems offers standalone, platform-independent pre- and post-trade risk management systems. While these systems are designed to manage risk for futures and options, they also support CFDs, FX, Cash Bonds, Cash Equities and Credit Default Swaps.

Risk Informer is Patsystems' post-trade risk management module. Risk Informer calculates margin requirements in real-time using standard margin methodologies including SPAN®, TIMS, and proprietary margin calculation. It aggregates trades on a real-time basis and provides a consolidated view in real-time as the trades are executed. Risk Informer has been selected by leading banks and brokerage firms such as Deutsche Bank, GH Financials, MF Global, Newedge, Prudential Bache Commodities and RBC Capital Markets Corporation.

Risk Alert is Patsystems' new pre-trade risk system which is nearing the end of its beta-testing phase at a client site in London. Patsystems Risk Alert is designed for institutions looking to implement a consistent pre-trade risk management process across all trading platforms. The flexibility of Risk Alert enables all risk parameters, trading limits, account hierarchies and access permissions to be under the control of the risk administrator.

The platform independence of Risk Informer and Risk Alert allow for easy integration with any trading system, including FIX-based message systems.

David Webber, Chief Executive Officer, Patsystems said:

"The recent turbulence in the economic markets has highlighted the need for effective risk management systems. This has been clearly demonstrated through an increased demand for Patsystems' Risk Informer, the only post-trade system in the market which enables clients to assess their positions in real-time. With our pre-trade product, Risk Alert, nearing the end of its beta testing, we will soon be able to offer our clients the ability to check their exposure at any given time, both before and after trades, and thereby de-risking their businesses at a time of unprecedented uncertainty."

bbd2
09/6/2009
21:01
Good announcement and share price rise and not a single post all day ! About sums up how off the radar this little gem is.
bbd2
30/4/2009
07:17
i thought after the initial excitement this week , that we were going to die a death and go sideways for a prolonged period. but what do i know?

i agree with your sentiment EACN, i'm not hearing anything re the company, and haven't heard from my contact at rolfe & nolan, ION's last purchase.

that said, the actions of the market makers makes me wonder if they are privvy to something......

this morning i notice that with the exception of seymour pierce, everyone has widened their prices, with a couple of them, winterflood included are now only making a 3p price.

either they don't want to trade, are positioned incorrectly, or they think they know something?

bg23
28/4/2009
07:56
I have pretty much given up hope of a bid from ION in the foreseeable future. So staying with this stock is all about following a solid growth story. Webber's track record in this regard appears reasonable, but probably bears further scrutiny: growth by acquisition frequently delivers limited returns for shareholders.
eacn
28/4/2009
07:52
Seymour Pierce characterise the trading update as "encouraging", with contract gains in all areas and continuing solid cash generation. They are predicting strong growth for the full year, and take encouragement from Fidessa's statement yesterday, noting that "market demand for trading technoloies appears to have improved". According to their forecasts the shares trade at 10.6x FY09 and 7.8x FY10.
eacn
28/4/2009
06:53
didn't know this was due - i have to start paying attention !

nice cash generation and a positive outlook along with confirmation of continued sales - keep it up lads !

Patsystems, the AIM-quoted global supplier of electronic trading technology, is
holding its Annual General Meeting at 10:30 a.m. today, 28th April, in London,
UK. At the meeting, Richard Last, Non-Executive Chairman, will provide the
following update on trading:
"In our annual results announcement for 2008 I stated that we entered the year
with a strong sales pipeline and an expectation that the strong cash generation
that we delivered in 2008 would continue.
"I am delighted to report that 2009 has started as strongly as we expected with
a number of sales wins across all the products we provide, and sales success in
all of the regions in which we operate. Cash generation has been very strong in
the first quarter of the year. As at 31 March 2009, the Company remains debt
free, with Cash at bank of GBP7.3 million (31 December 2008 - GBP5.9 million).
"This has been an encouraging first quarter and underpins our belief that 2009
will be a further year of strong growth for Patsystems."

bg23
27/4/2009
17:29
I note that the PTS web site no longer lists Cazenove, Credit Agricole Indosuez (Suisse) SA, Slater Investments or Cantor Fitzgerald as holders, who previously accounted for 11.74% of the stock at 05.09.2008. These institutions had between 2.43% and 3.47% of the stock each at that juncture, so were below the 5% level which PTS now appears to be using as their criteria for inclusion as a significant shareholder on their web site.
eacn
27/4/2009
17:15
Herald have certainly been around since 04.02.2004 when they had 6.4M shares or 4.38%.
eacn
27/4/2009
16:53
I'm fairly certain Herald have been in since flotation but I could be wrong.
turtle head
27/4/2009
16:33
Maddox,

haven't even noticed the herald announcement - doh.

are these guys completely new to the shareholder register? indeed where can you buy almost 10m shares in these? its hardly surprising there has been a bit of a move higher when there is a new buyer of note under the price - regardless of the efforts of the express (thanks turtle)

the top 5 investors now hold over 51% of the company.

whilst it might be tightly held, brandes and herald are unlikely to let the company go cheap in any event, so take it as a long term positive i suppose.

nevertheless, the fact that a credible entity sees the value in the company is comforting.

bg23
27/4/2009
16:18
Puffed over the weekend in the paragon of financial journalism, The Daily Express:

SHARES in Patsystems, which develops software for electronic trading of financial products, have stalled at 18½p since an initial burst of enthusiasm following February's annual figures, which produced a 23 per cent rise in profits. Directors have picked up stock and the debtfree, highly cash generative company has a strong sales pipeline.

turtle head
27/4/2009
15:45
Afternoon Maddox,

nice end to the day as well. +3p /16%

i've been away, so not heard or asked whats going on.

the market seems a bit more sure of itself, perhaps the risk trade is feeding down?

still, would be handy if there was some news behind the move.

best

BG.

bg23
27/4/2009
14:53
Hi bg23,

Good to see a bit of movement, I haven't heard any rumours, perhaps 'the bid' is finally on the way?!? On the otherhand PTS is apparently on the acquisition trail - if ION let them.

The only change from the 4th Feb is Herald have increased their holding by 3,000,000 shares. Unless my maths is wrong the %age shareholdings are overstated but not by a significant amount, I make ION's holding to be 29.29% diluted by the share scheme issues.

Regards, Maddox

maddox
27/4/2009
10:24
anyone got any ideas on this little move?

there was a bit of volume friday, so perhaps there was a seller cleared out of the way?

i see the shareholdings have been updated on the website - as of the 23rd april they were:-

ION Trading UK, Limited 52,851,191 29.44%
Brandes Investment Partners, LP 13,687,500 7.62%
Brewin Dolphin Limited 12,982,122 7.23%Sedaf Holdings SA 10,064,600 5.61%
Herald Investment Management Ltd. 9,900,000 5.49%
Rathbone Investment Management Ltd. 5,375,000 3.00%

bg23
23/3/2009
13:31
Brief article with quotes from David Webber..........
dm1066
20/3/2009
08:13
Phillip Futures KL installs Patsystems
RNS Number : 6376O
Patsystems PLC
10 March 2009


DATE: 11th March 2009


Phillip Futures takes Patsystems installation in Kuala Lumpur


Singapore: 11th March 2009 - Phillip Futures and Patsystems are pleased to
announce that Phillip Futures has taken a full installation of the Patsystems
infrastructure in Kuala Lumpur. This brings the number of Patsystems'
installations at Phillip Futures to a total of three, with existing
installations in Singapore and Hong Kong.


Phillip Futures will use the installation to support the newly established
Phillip Futures Sdn. Bhd., a member of the Bursa Malaysia. The installation will
enable the electronic trading of the full range of global index, energy, metal,
commodity, and currency futures. Malaysian flagship products like the Kuala
Lumpur Composite Index (KLCI) and Crude Palm Oil futures will also be available
soon - using Phillip Futures' advanced electronic trading front-end.


Michael Lee, Executive Director of Phillip Futures Sdn. Bhd., said:
"Phillip Futures is proud to be the pioneer futures broker in Malaysia to
offer electronic trading on global futures contracts to Malaysian investors.
With our experience and wealth of market knowledge and the support of Patsystems
technology, we believe that we are best equipped to meet the trading needs of
our clients."


Barry White, Regional Director of Asia Pacific, Patsystems, said:
"Patsystems is extremely excited about Phillip Futures' expansion into Kuala
Lumpur with this being Patsystems' first Order Management System (OMS) in
Malaysia. This is a significant milestone for Patsystems and demonstrates our
drive and commitment in key countries such as Malaysia where we see great growth
potential for our customers. We are currently involved in a number of new
development projects in Asia Pacific and this installation with Phillip Futures
is another example of our dedication to the region."

bbd2
06/3/2009
14:57
i think that a couple of the market makers would have been happy to see that, winterfloods had widened their quote to 2p, and were staying away from the offer. most trade, and there hadn't really been any of note since the numbers was on the offer side of things, so presume the oppotunity to offer down would have been met with a sigh of relief. even the ceo could only fill a 50k order over two days and at differnet prices.

not a lot of stock around methinks

bg23
06/3/2009
14:57
i think that a couple of the market makers would have been happy to see that, winterfloods had widened their quote to 2p, and were staying away from the offer. most trade, and there hadn't really been any of note since the numbers was on the offer side of things, so presume the oppotunity to offer down would have been met with a sigh of relief. even the ceo could only fill a 50k order over two days and at differnet prices.

not a lot of stock around methinks

bg23
06/3/2009
14:34
Daily Mail Midas column advising its readers to take some profits on PTS today my explain some of the sells going though.........
dm1066
19/2/2009
09:09
The results confirm that PTS can continue to grow in very challenging times. To have delivered the H2 numbers following a weak first half was very impressive, given the turmoil in the financial services industry over the last 6 months.

If ION had intended to pounce they would have done it by now. Following the interims they might have bagged ION for 25p. Today, 35p looks like a minimum.

TA has a large stable of minority stakes, and appear comfortable to run with these over extended timeframes. My working hypothesis is that they are now not going to make a move on PTS.

Webber, however, is keen to expand via acquisition. Any meaningful acquisition will require a capital raising, but a placing backed by ION would trigger a mandatory bid. A rights issue could also trigger a mandatory bid if ION took up all its rights. A placing to institutions other than ION, therefore looks more likely, but with ION participating to a limited degree to avoid dilution.

If that is the plan the AGM resolution sheet will give us a clue: expect a resolution to waive pre-emption rights over a sizeable number of shares. I doubt that the board would put forward such a resolution without first getting the approval of ION.

eacn
Chat Pages: 153  152  151  150  149  148  147  146  145  144  143  142  Older

Your Recent History

Delayed Upgrade Clock