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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fidessa Group | FDSA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 3,865.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3,865.00 | 3,865.00 |
| 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 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 16:41 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 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 21/10/2015 15:22 by market sniper1 FDSA, Fidessa, lovely move upwards today on the back of results that indicate a big recovery. Expect broker updates. |
Posted at 21/10/2015 11:02 by market sniper1 FDSA Fidessa results.... …things look very bright, way oversold loads of value here, see chart. |
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 |
Posted at 18/2/2014 09:42 by whitestone Fidessa full-year results flat but CEO sees signs of modest growth in 2014 DIGITAL February 17, 2014 - Pre-tax profits rise - Revenues flat - Jefferies recommends 'buy' Financial trading systems provider Fidessa said conditions in all its customer markets were improving slowly as it reported an increase in pre-tax profits to 43.1m pounds from 42m pounds for the year to December 31st. Chief Executive Chris Aspinwall said the better outlook 'is reflected in our current deal pipeline' but warned that the upturn had been 'somewhat uneven' with customers still unable to make investment decisions with confidence. Revenues continued to be hit by tough conditions in equity markets and were flat at £279m, up marginally from £278.6m in 2012. Fidessa finished the year with a slightly higher cash balance of £73m and no debt after dividend payments, against £72.1m in cash in 2012. The company is paying an unchanged annual dividend of 37 pence a share along with a special dividend of 45 pence a share. Broker Jefferies rated Fidessa shares a 'buy' and raised its price target to 2570 pence from 2450 pence citing 'exceptional' market positions to take advantage of improved growth rates. Aspinwall said tight spending controls by clients had led to lower consultancy revenues but added that sales of Fidessa's derivatives platform had made good progress during the year with revenue more than doubling and contracts had been won with two 'large' unnamed US banks and a 'significant' firm in derivatives trading. He added that as the global economy recovers from the 2008 financial crisis Fidessa should see growth in sales of derivative and service-based platforms to feed slowly into overall revenue improvements although 'our recurring revenue model has the effect that some of the impact from the attrition in 2013 will flow through into 2014′ with expected modest constant currency growth in 2014. Fidessa's finance director Andy Malpass also said he would retire in 2015 |
Posted at 18/2/2014 09:32 by whitestone Rough Winds at FidessaBy Theron Mohamed, 17 February 2014 A still uncertain global economic backdrop, along with industry consolidation, dragged on financial trading software group Fidessa (FDSA). A 5 per cent year-on-year decline in European sales meant flat full-year revenue and only a small earnings bump. But sales in the Americas did rise 6 per cent, while turnover growth in Asia - apparently slender at 1 per cent - would have been in double digits but for Japan's economic woes and currency weakness. Fidessa also broadened its customer base and generated 57 per cent of total revenues from outside of Europe, while recurring revenues rose 2 per cent to £239m - representing 85 per cent of total sales. Another bright spot was derivatives platform sales, which more than doubled year on year and now account for around 4 per cent of recurring revenues. Analysts think sales there could double again in each of the next two years. But management sounded a cautious note. "The market has been through a severe downturn and we expect to come out of it gradually," said chief executive Chris Aspinwall. But he did add that Fidessa had seen "improved conditions across all our main markets". Broker Jefferies expects adjusted pre-tax profit of £44.2m for 2014, giving EPS of 87.3p (from £41.8m and 83.5p in 2013). |
Posted at 18/2/2014 09:29 by whitestone February 17, 2014 2:39 pmFidessa aims to take advantage of US swaps trading reform By Philip Stafford Fidessa is looking to exploit impending changes to US swaps trading as the UK trading technology company looks to its fast-growing derivatives business to underpin growth. The group is talking to customers about providing tools for trading the over-the-counter swaps market as it looks to reduce its reliance on the fortunes of share dealings of banks and investors. Chris Aspinwall, chief executive, said on Monday he expected strong growth and continued investment in the coming year at Fidessa's derivatives unit. Boosted by three large deals, turnover at the business more than doubled in the year to December 31, becoming nearly 5 per cent of group revenues. Many of Fidessa's bank and fund manager customers failed, merged or pressed for fee cuts in the wake of the financial crisis. In response, Fidessa has pushed into new markets like derivatives, Asia and outsourced hosting of trading. Mr Aspinwall said many of its customers were seeing the first uptick in business in five years, with "first real improvement since the start of the financial crisis". US rules coming into effect this week have mandated that swaps, the most popular type of over-the-counter derivative, be traded on electronic exchanges. The majority of the market is currently traded on the telephone. More than 20 venues have sprung up in the US aiming to exploit the changes. Many expect the swaps market to adopt trading practices in the equities market. They include so-called sponsored access, whereby a clearing broker allows an investor to directly buy or sell a swap on a venue. Other market participants are considering a tool that will "aggregate" all quotes for a particular product, so investors do not miss the best price. "The sponsored access model and the aggregated tools will play a part," said Mr Aspinwall. "We're working with people in the market to work out the best route." Analysts said Fidessa was implying underlying revenue growth of around 5 per cent in 2014 from its comments. "Given the improving backdrop, we expect management to ramp up investment particularly in derivatives and as a result we are lowering profit forecasts around 5 per cent," said David Toms, an analyst at Numis Securities. He added that profits would likely remain flat amid the investment and continued pressure on prices. For the year to December 31, revenue was flat at £279m while pre-tax profit rose 3 per cent to £43.1m. The group paid out another special dividend of 45p per share, while its final dividend was flat at 37p per share. At the height of the market boom in 2007, Fidessa was recording annual revenue and profit increases of around 20 per cent. |
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