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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3,865.00p 3,865.00p 3,875.00p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 353.9 50.0 92.9 41.6 1,498.83

Fidessa Group Share Discussion Threads

Showing 76 to 94 of 100 messages
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Fidessa (FDSA) Earnings-Reaction to Keep an Eye
FOR IMMEDIATE RELEASE 24 April 2018 Statement 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(i) with the agreement of the board of Fidessa in the event that (A) the offer by Temenos Group AG ("Temenos") is withdrawn or lapses and (B) the offer by ION Investment Group Limited ("ION") is withdrawn or lapses; (ii) if a third party other than Temenos or ION announces a firm intention to make an offer for Fidessa; (iii) if Fidessa announces a "whitewash"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).
Takeover Panel Statement re Fidessa Group plc RNS Number : 8096L Takeover Panel 23 April 2018 On 10 April, the Panel Executive published Panel Statement 2018/3 in which it ruled that each of ION and SS&C must, by 5.00pm on 20 April, either announce a firm intention to make an offer for Fidessa under Rule 2.7 of the Takeover Code (the "Code") or announce that it did not intend to make an offer for Fidessa. On 20 April, the boards of Fidessa and ION announced that they had reached agreement on the terms of a recommended firm offer for Fidessa, to be implemented by means of a contractual offer. As a result of this announcement, and in accordance with Panel Statement 2018/3, the deadline referred to above ceased to apply in relation to SS&C. Further to discussions with each of Fidessa, Temenos, ION and SS&C, the Executive has ruled that, unless the Executive consents otherwise, SS&C must, by 5.00pm on 4 May 2018, either announce a firm intention to make an offer for Fidessa under Rule 2.7 of the Code or announce that it does not intend to make an offer for Fidessa. This deadline will cease to apply if, before that time, a third party other than Temenos or ION has announced a firm intention to make an offer for Fidessa under Rule 2.7 of the Code. Each of Fidessa, Temenos, ION and SS&C has accepted this ruling. 23 April 2018
6 April 2018 Announcement Regarding Fidessa WINDSOR, CT, April 6, 2018 - SS&C Technologies Holdings, Inc. ("SS&C") notes the recent announcement by Fidessa Group Plc ("Fidessa"). SS&C confirms that it has had preliminary discussions with Fidessa regarding SS&C's interest in Fidessa. No terms of any offer have been discussed. Should an offer be made, it is likely to be in cash, although SS&C reserves the right to vary the form of the consideration. There can be no certainty that any offer will be made. About SS&C Technologies SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients manage an aggregate of over $44 trillion in assets.
Is it worth to enter now ?
5 April 2018 Fidessa group plc Response to press speculation The Board of Fidessa group plc ("Fidessa") notes the press speculation in relation to potential bidders for Fidessa. Fidessa confirms that the party identified as Party A in Fidessa's announcement of 3 April 2018* is ION Investment Group Limited ("ION"), and the other party is SS&C Technologies Holdings, Inc. ("SS&C"). No proposed terms have been received from SS&C at this stage. This announcement has been made without the consent of ION and SS&C.
Last-minute bidders look to crash Temenos bid for Fidessa Shares 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.
16:56 Fidessa accepts accepts Temenos bid as Elliot buys shares in UK company Trading 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.
16:41 Fidessa trades above Temenos offer price in £1.4bn acquisition after Elliott Capital discloses stake Jasper 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.
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?
Nice timing for those shares going to insiders !
tell it as it is
Motley Fool likes this one as a good Income stock. Any views from holders?
Fidessa Group given Add rating By Numis Securities with a price target of 2920 April 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
Read Panmure Gordon & Co's note on FIDESSA GROUP, out this morning, by visiting hxxps:// "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 ..."
Hi Welcome to ML PM What the Fidessa? PM Fidessa Group PLC (FDSA:LSE): Last: 2,330, down 112 (-4.59%), High: 2,421, Low: 2,329, Volume: 51.34k PM This is an affront PM Emoticon PM Outrageous market reaction PM Well, for the record PM Here’s what I have now been told on this, which I believe PM The PE firm looking at Fidessa is Advent International PM hxxps:// BE Which makes sense, as rumours go. PM And the bank working on a possible deal is Morgan Stanley PM No approach yet, I am told PM But there almost certainly will be one PM You are on your own from here PM Since this is RAW BE “Almost certainly”? Cripes. Steady on. PM Buyer (or seller) beware PM Emoticon BE Well, a reminder that we mentioned it here…html#axzz44HuyKLux and…html#axzz44HuyKLux … Albeit without Advent’s name attached …. BE And got nothing whatsoever in the way of a response. PM This has riled me PM I’m going to slap a bandit rating on it PM Emoticon BE That’s useful, ta. We could even argue we’ve double sourced this, but I suspect it’s only that we’ve both spoken to Emoticon-level bandits. PM Level 2 is v v good, btw — for newer readers PM Emoticon is a taxi driver in Glasgow PM Emoticon is the story oracle, currently on a beach somewhere BE But this is what we face now. M&A rumours face silence. Stonewall. Throw up the shutters. I might have a short rant about this in your weekend FT.
FT Alphaville really sticking its neck out now, saying: ~~~~~~~~~~~~~~~~~~~~~~~~~ ......."The PE firm looking at Fidessa is Advent International Which makes sense, as rumours go. And the bank working on a possible deal is Morgan Stanley No approach yet, I am told. But there almost certainly will be one. " ~~~~~~~~~~~~~~~~~~~~~~~~~~~
Yes agree price is reflective and this Buyer is serious over the last few weeks price has been gradually rising this is serious
FT alphaville saying fdsa is being closely looked at... ..possible PE... bankers appointed... very early stage...
Fidessa is moving in right directionTime to buy
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