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
  +5.00p +0.13% 3,710.00p 3,695.00p 3,700.00p 3,700.00p 3,665.00p 3,690.00p 92,871 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 353.9 50.0 92.9 39.9 1,436.39

Fidessa Group Share Discussion Threads

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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
FDSA, Fidessa, lovely move upwards today on the back of results that indicate a big recovery. Expect broker updates.
market sniper1
FDSA Fidessa results.... … things look very bright, way oversold loads of value here, see chart.
market sniper1
FDSA Fidessa group PLC Lovely 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
market sniper1
The market does seem to happy with this - about 10% since the results on the 17th. The usual low volume, of course, but maybe that £24 buy is sensible after all.
Well spotted! Puts a rather better complexion on his latest buy.
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