Misys Share Discussion Threads

[analyzer] 13/11/2006 13:12

Misys plc (FTSE: MSY.L), the global software and solutions company, is one of
the world's largest and longest-established providers of industry-specific
software. Founded in 1979, Misys serves the international banking and
healthcare industries, combining technological expertise with in-depth
understanding of customers' markets and operational needs. In banking Misys is
a market leader with over 1,200 customers, including 49 of the world's top 50
banks. In healthcare Misys is also a market leader, serving more than 110,000
physicians in 18,000 practice locations, 1,200 hospitals and 600 home care
providers. Through Sesame, a wholly-owned subsidiary, the company is also a
leading provider of support services to financial advisers in the UK. Misys
employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com

[onlyonestorm] 25/10/2006 09:33

Well somethings making it move today!!

Stormy

[pickph] 17/10/2006 11:47

Have to say.....i no nowt of Mr Lawrie.Of all the pro's out their, who would you compere him with....Stuart Rose?

[lyntwyn] 16/10/2006 14:59

LONDON (AFX) - Misys PLC named Mike Lawrie group chief executive with effect from Nov 1 2006.

Lawrie was previously a general partner with ValueAct Capital, a private investment firm headquartered in San Francisco, California.

Lawrie will receive a remuneration package that has been designed to align his financial reward directly with the performance of Misys and the interests of its shareholders.

There is no payment under the incentive plan unless the company share price increases.

Lawrie will invest 500,000 stg of his own money in Misys shares. His base salary will be 550,000 stg per annum, subject to annual review. There will be a maximum annual bonus opportunity of up to 200 pct of salary, which will be pro-rated for the first year in line with the employment period and will be based on group operating profit.

Targets for future awards will be established by the Remuneration Committee at the commencement of each financial year, and in line with the arrangements for other executive directors, up to 50 pct of his bonus will be deferred into Misys shares for two years, subject to continued employment.

Lawrie is a director of Symbol Technology, Inc and Good Technology, Inc. He previously served on the US Advisory Board of NTT DoCoMo and as a Director of SSA Global, Inc. He is a Trustee of Ohio University.



[e-mail]

[amt] 08/10/2006 20:17

Lyntwyn - Interesting article thanks.
Seems to me that they should get rid of Medic business and eventually Sesame. Then concentrate on buiding the banking business which despite recent events must still be a good business. It was regarded as the jewel in the crown in the past.

[lyntwyn] 08/10/2006 14:40

amt, your prayer is answered this week (maybe)!

Misys ready to turn the corner with new chief

SIR DOMINIC CADBURY will install a "superb and exciting" new chief executive at troubled software company Misys within a week or so.
Cadbury, chairman and interim boss of the firm after the departure last week of chief executive Kevin Lomax, is confident his replacement will help restore credibility quickly to Misys, whose shares have crashed from a high of 275p in the summer to 187p last week.



full article

[amt] 04/10/2006 22:18

"One criticism is that (Misys's) product development has not kept pace with
changing product development in the industry," Cadbury said. "Perhaps we have
been complacent on relying on products that have served us well in the past but
have not been on the leading edge."

A damming comment indeed, what on earth have they spent hundreds of millions of pounds on over the last few years. They have been very badly let down by poor leadership and need to get back the team of 5 or 6 years ago before it all went pear shaped.

[amt] 04/10/2006 21:07

Banking is doing well so thats nonsense from CitiGroup, they didnt do their research, probably meant Healthcare but how they got that mixed up defies belief.

[prokartace] 04/10/2006 10:57

Dont get carried away boys and girls

DJ MARKET TALK: Citigroup Cuts Misys Target; Still A Sell

0942 GMT [Dow Jones] Citigroup cuts Misys' (MSY.LN) target to 165p from 175p and reiterates its sell rating. Believes the protracted bid talks have disrupted the business particularly within banking. Says a lack of interest from competitors in bidding for the company is telling. "Either a break up of the business is not feasible or, more likely, the product set is not considered attractive," it says. Adds that the new management change could also prolong uncertainty. Shares trade +0.5% at 190.25p. (KHO)

[depretion] 04/10/2006 09:13

I think UBS are bang on the money ... think there are some big changes afoot. Possibly potential bidder's re-thinking, especially if they can get a better price now.

[lyntwyn] 04/10/2006 09:05

03.10.06 :+4, (189) upgraded to 'buy' from 'neutral' by UBS, which has cut its target price to 216 pence from 245, as the broker believes yesterday's severe share price drop could attract renewed interest, dealers said. In a research note published this morning, the broker told clients that yesterday's update revealed Healthcare continues to underperform at Misys, with a continuing weak order book pointing to a deterioration on the flat sales seen in the first quarter. On the positive side, however, UBS noted that Banking continues to perform in-line. The broker also pointed out that it is possible yesterday's strong share price reaction to the news that talks to buy the software group collapsed late last Friday, prompting chief executive Kevin Lomax to quit, will trigger renewed interest in the firm. UBS added that Lomax's departure paves the way for an external CEO appointment, which is expected in mid-October and this, together with the residual bid potential, leads the broker to regard the share price fall as excessive. In the meantime, the broker noted that renewed buyback activity could provide some support.

[amt] 03/10/2006 22:21

DepretioN - not sure if you are allowed to say that but certainly thinhs have gone badly wrong over the last 6 or 7 years.

[lyntwyn] 03/10/2006 08:49

Fresh start

NO ONE will emerge from the Misys non-bid with much credit. But investors can count themselves fortunate to have had Sir Dominic Cadbury chairing their company through the past six months. The scion of the chocolate dynasty was left nursing a problem child through a very difficult phase.

Sir Dominic may attract criticism because he allowed the process to get under way. The unconsummated bid battle distracted the company from its business and arguably contributed to the downbeat trading statement posted yesterday. It also led to the departure of its founding chief executive. Kevin Lomax is not universally admired, but his knowledge and experience at Misys will be hard to replace.

Yet it is only with the benefit of hindsight that Sir Dominic can be criticised for allowing the bid process to start. Anyone in a similar position in future will seek more assurance that a bid, once mooted, will materialise, But if the chief executive expresses a wish to lead a buyout, as Mr Lomax did, it cannot be ignored.

To some, Sir Dominic might have failed inexcusably because he did not find a buyer. But this conclusion could only be drawn by those that think shareholder value is created solely through disposal. Unless a bidder clearly puts all the discounted future value of a business into its offer, it is quite right that shareholders should be guided towards strategy designed to see value created and crystallised over time.

Sir Dominic, now the acting chief executive, could see a successor appointed within a couple of weeks. One of the good things to come out of an otherwise unedifying process is that the company, which has delivered an uninspiring performance in recent years, will enjoy a fresh start under a new team. Without the non-bid, Mr Lomax might have been tempted to outstay his welcome.

[amt] 02/10/2006 20:08

I expect one of the original parties to come back in and offer 2.10 to 2.20 which is a lot lower than original 2.50 to 2.80 range that looked likely a few eeks ago.

[lyntwyn] 02/10/2006 14:38

Deutsche trying to support the share price by reducing its target to 210 !!

[lyntwyn] 02/10/2006 11:52

kristini2, I may have been close on my prediction for today but more difficult to predict ahead now! You must have done well with your short. My gut feeling is that it will fall further as MSY has been pretty well out of favour for some time and imo its only faint bid hopes that can hold the current share price at this level. Trading update poses many ?? about the period ahead. I wouldn't want to be either short or long right now, but as I said, would be tempted to re-enter long at 150 ish.

[kristini2] 02/10/2006 11:28

I closed out a short position this am. Thinking maybe reopening a small short at current share price

DW-(are you DW from Fosterdenovo by any chance?). Knieval in his diaries this am suggests that this is 'first stop' in the share price fall.

[davewilk] 02/10/2006 09:23

at 180p MSY is yielding near 4 % IF divi maintained these must go back to 200p

[kristini2] 02/10/2006 08:23

spot on Lynt!

[amt] 02/10/2006 07:14

Very downbeat trading statement and Lomax quits. At least some good news then?

[lyntwyn] 01/10/2006 16:20

Don't expect fall to 150 , more like 170/180 imo - but worth buying at 150 if it does! The FT said speculation that other bidders are waiting in the wings could provide support.

[papaduke] 01/10/2006 15:20

its called imho substantial hedge fund and mm manipulation,watch them nose dive on monday.

stop losses will be crucified,but imho a good buying op sub 150p.

at worst its worth 200p in a fire sale so at 150p or less,20% upside.

these mms and hedge funds love to screw these companies into the ground.

madness but they get away with it.

could go as low as 100p imho.

[mollymolly] 01/10/2006 13:56

Can some one explain the sense of this. The newspaper reports say that Lomax was prepared to bid 2.55, but Cadbury holding out for 2.65. Does not make sense, if both parties were serious surely a deal could be done. If Cadbury is willing to hold out then surely he must be very convinced of the value of Misys.

The investment climate has improved in banking & securities market. Perhaps that is why Lomax thought it a good time for him to try & buy.

Does not make any sense to me??

[impecunious] 01/10/2006 11:09

Sunday Tel reports that the last chance of a bid - from Lomax - collapsed friday night. Talk of shares falling as low as 150p in the morning. Any other reports?