Misys Share Discussion Threads

[amt] 19/8/2011 21:50

Misys seem to be favourites to follow Autonomy across the pond. US companies have cash they cannot repatriate so buy companies instead.

[dr knowledge] 10/8/2011 11:57

Value Act now holding over 21% - I reckon we could still see a bid for MSY very soon, perfect time for a predator now FIS are out of the frame. ;-)

[dr knowledge] 20/7/2011 22:50

"Software group Misys touched 416p and closed up 29.6p to 411.15p amid intense speculation that Fidelity National Information Services, a provider of banking and payment technology, is on the verge of tying up an agreed 450p a share cash offer.
Read more:

Roll on the bid! ;-)

[abcd1234] 20/7/2011 09:21

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Misys Shares Advance as Agreement on Sale to National Fidelity May Be Near
Jul 20, 2011 8:37 AM

Misys Plc (MSY) rose as much as 8.4 percent in London trading after people with direct knowledge of the situation said the U.K. software maker is nearing an accord to be bought by Fidelity National Information Services Inc. (FIS)

Misys's board was to vote on Fidelity National's offer yesterday and may announce a deal this week if it accepts the proposal, said one of the people, who declined to be identified because the talks are private. Fidelity National, a provider of banking and payment technology, said last month it made a "preliminary approach regarding a possible cash offer for Misys."

Misys climbed as much as 31.9 pence to 413.3 pence, the steepest gain in a month, and traded at 411.9 pence as of 8:35 a.m. in London, giving the company a market value of 1.4 billion pounds ($2.3 billion). Jacksonville, Florida-based Fidelity National added 2.7 percent to $29.78 in New York trading yesterday.

Phil Branston, a spokesman for Misys, declined to comment. Marcia Danzeisen, a spokeswoman for Fidelity National, didn't return a call seeking comment.

The London-based provider of software for the financial industry would help Fidelity National reduce its reliance on the U.S., where it derives more than 80 percent of revenue.

Misys makes software for cash, wealth and risk management as well as for syndicated lending, over-the-counter derivatives trading and post-trade processing. It has more than 1,200 banking customers in 12 countries, according to its website.

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[abcd1234] 20/7/2011 08:48

initially analysts said 450, but then some said "considerably more" /500p though the ft thought that was a bit stretching for FIS

[dr knowledge] 20/7/2011 08:15

Listened to their webcast last night (FIS)- a lot of people asked about MSY - "We will inform the market when we have news to report" was the answer, Looking good, question is at what price will she go? ;-)

[abcd1234] 20/7/2011 07:53

BLOOMBERG 20th July

Misys Plc (MSY) : Fidelity National Information Services Inc., a provider of banking and payment technology, is near an agreement to buy the U.K. software maker, said three people with direct knowledge of the situation.

[dr knowledge] 18/7/2011 12:59

"Misys ticked up 6.9p to 390.6p amid speculation that the bid approach it received from Fidelity National Information Services may convert into a takeover after all. Jitters about the chances of the deal going ahead weighed on the stock last week."

Above from today's Evening Standard -interesting! ;-)

[abcd1234] 15/7/2011 13:50

BROKER note today from Jefferies ....re 500p


.......................................
Key Takeaway. As Temenos gets punished for yet again cutting guidance, its troubles should serve as a timely reminder of the attractions of owning a banking systems installed base. Misys is far less dependent on new name business, focusing on selling upgrades. We believe that Misys bid discussions will come to fruition and, consequently, the weakness caused by the Temenos profit warning has created an outstanding buying opportunity.
NH The timing of the announcement is noteworthy as it came soon after Software AG's profit warning. However, given contrasting data points from elsewhere in the sector, it is worth revisiting some of the company-specific strategic issues that Temenos has been busy resolving of late.

these issues highlight the value of owning a legacy installed base and customer relationships, into which new modules can be sold over time as part of a phased systems replacement. If Temenos does not succeed in acquiring Misys Core Banking and it goes to a rival vendor, such as Infosys, TCS or Fidelity National Information Services (FIS), the competitive landscape will become that much tougher.

We continue to believe that it is unlikely that FIS will walk away with Misys uncontested. Misys Core Banking is perhaps the last opportunity for one of the heavyweights to acquire a fully-fledged installed base comprising end-to-end installed systems. Meanwhile, Misys Capital Markets commands 40% market share in global wholesale banking (as measured by IBS) and offers a direct route to market leadership for any acquirer. We reiterate our Buy rating on Misys with an unchanged £5.00 price target.

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[abcd1234] 12/7/2011 16:11

Yes what a market today

the FT said deal is on as far as they know... see alphaville.... and expect an announcement next week

[e-boffin] 12/7/2011 11:40

Whole market is down. Also, there is a rumour the deal is off.

[abcd1234] 12/7/2011 08:57

Why the sharp move down in the hour since mkt open?

[eaaxs06] 05/7/2011 22:54

Is there any more news on this one?

It's all gone rather quiet since the possible offer announcement on 21 June.

The shares don't seem to know what to do, stuck in a 410 - 420p range.

[topinfo] 21/6/2011 09:28

DJ Misys PLC Statement re Possible Offer

TIDMMSY

21 June 2011

Misys plc

The Board of Misys plc notes the recent speculation regarding a possible offer and confirms that it has received a preliminary approach that may or may not lead to an offer being made for the company.

Disclosure requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on [phone].

Inquiries

Phil Branston

T: [phone]

M: [phone]

Email: [e-mail]

[targatarga] 08/6/2011 08:34

nice chart.... still a bid candidate?

[marketeer4] 10/5/2011 18:03

Analysts at Credit Suisse have restated their coverage of Misys with an "OUTPERFORM" rating. They think that Misys's banking business "is back on solid footing after years of underinvestment" and also mused on whether parts of the group could make attractive acquisition targets.

Source: Daily Telegraph of 10th May 2011.

[amt] 10/5/2011 08:48

Must be an attractive takeover target ?

[prokartace] 09/5/2011 15:35

Clearly not a broker upgrade on the way. Either a broker upgrade that happened this morning or a big buyer

[eaaxs06] 09/5/2011 09:11

Up 14 to 331.

What's going on here today, I haven't seen anything?

Broker upgrade on the way?

[marketeer4] 15/4/2011 17:22

abbo71,
Financials generally have been dropping. Misys has reflected that.
Hold tight for the long term and you will be rewarded.

[abbo71] 13/4/2011 18:48

So why has it been dropping for the last couple of days?

[nellie1973] 07/4/2011 13:58

Tipped in press today as a buy

[marketeer4] 03/2/2011 11:19

Broker tips: Misys, Tue 25 Jan 2011

LONDON (SHARECAST) - Peel Hunt is encouraged by the traction being gained by Misys' new products and says the financial services provider looks good value in the medium-term.

The broker says that the half-year numbers were "in line, just," and retains its target of 5-8% revenue growth and 20-23% margins over the next few years. Peel Hunt says Misys remains a recovery story and looks "good value to us for the prospect of strong earnings growth over the next few years." The broker issues a 'buy' rating a 350p target price.

[marketeer4] 31/1/2011 16:45

Here is a link to a very upbeat interview with Misys CEO, Mike Lawrie.
It might be the best ten minutes video feed that you have viewed on the company and answers many questions about the current and future position of Misys in the financial services world.