Exceptional trading, investment and information solutions for the world's financial community.

New technology, new regulation, new challenges: making money in today's financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That's why 85% of the world's premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology.

It's also why $15 trillion worth of transactions flow across our global network each year. Because we're the market leader, we can also offer unique access to the world's largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise. We've delivered around 25% compound growth since our stock market listing in 1997 and we're recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice.

http://www.fidessa.com/

About Fidessa
Exceptional trading, investment and information solutions for the world's financial community.

New technology, new regulation, new challenges: making money in today's financial markets is all about staying ahead of the curve. Having the capability to spot new trends and act fast turns change into opportunity. That's why 85% of the world's premier financial institutions trust Fidessa to provide them with their multi-asset trading and investment infrastructure, their market data and analysis, and their decision making and workflow technology.

It's also why $10 trillion worth of transactions flow across our global network each year. Because we're the market leader, we can also offer unique access to the world's largest and most valuable trading community of buy-side and sell-side professionals, from global institutions and investment banks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise. We've delivered around 30% compound growth since our stock market listing in 1997 and we're recognised as the thought leader in our space. We set the benchmark with our unrivalled set of mission-critical products and services and, uniquely, serve both the buy-side and sell-side communities. Ongoing investment in our leading-edge, integrated solutions ensures Fidessa remains the industry's number one choice.

http://www.moneyam.com/action/news/showArticle?id=4403863

http://www.moneyam.com/action/news/showArticle?id=4417043

Interim Management Statement
PRNW


Fidessa group plc Interim Management Statement

22nd October 2012

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment
management and information solutions for the world's financial community, is
releasing its interim management statement for the period from 1st July 2012 to
date.

The challenges in the financial markets have gone on longer than most observers
were expecting with third quarter equity market volumes dropping further. This
has resulted in Fidessa's customers becoming yet more cost constrained and it
seems unlikely that there will be significant improvement in the short-term.
Fidessa will continue to develop opportunities, execute its growth strategy and
push further into the multi-asset arena, but the on-going pressure within the
markets means that full year 2012 revenue is likely to be flat on that
delivered in 2011.

Within the derivatives markets, Fidessa has continued to develop opportunities
and expects to announce further derivative deals in the fourth quarter. As
highlighted in the interim results announcement in July, in order to address
these derivative opportunities Fidessa is increasing its development spend,
both in terms of actual product development and also in terms of investment in
the infrastructure and expertise required to support it. As a result of this
investment and the on-going market conditions, Fidessa believes that margin is
likely to be slightly below that seen in recent years.

In the short-term, the impact of continued adverse conditions in the equity
markets is likely to offset the strong growth Fidessa is achieving from its
solutions to the derivatives markets. Looking further ahead, Fidessa believes
that stability and opportunity will return to the markets and that reduced
headwinds, coupled with further openings as its multi-asset initiative gains
momentum, will enable it to return to growth levels closer to those seen in the
past. Fidessa will maintain its strategy of investment in the business to make
sure that it brings the right solutions and services to its customers across
all the regions in which it operates.

Fidessa continues to have a strong balance sheet with strong reserves, no debt,
good cash generation and substantial levels of recurring revenue.

Await the fall then buy back in on the rise

Fidessa: Merchant Securities cuts target from 1,700p to 1,510p, buy rating kept; Jefferies keeps hold rating and 1,510p target; Investec cuts target from 1,230p to 1,110p, sell rating kept.

Trading systems developer Fidessa fell after warning persistent challenges in the financial markets weighed on third-quarter equity market volumes; the on-going pressure means that full-year revenue is likely to be unchanged from the year before.

The FTSE 250 group fell after reporting lower equity volumes.

Dealers across the Square Mile have been lamenting low trading volumes and today Fidessa provided further evidence of the slowdown that has hurt stockbrokers.

The FTSE 250 trading software group cautioned investors that full-year revenue would be flat as the tough stock market conditions continued unabated. The shares fell 31p to £13.41 on the news.

“The challenges in the financial markets have gone on longer than most observers were expecting with third-quarter equity market volumes dropping further,” the company said. “This has resulted in Fidessa’s customers becoming yet more cost constrained and it seems unlikely that there will be significant improvement in the short-term.”

The group also said that margin is likely to be slightly lower than in recent years and added that the company’s growth in derivatives markets would be offset by the problems in equity markets.

The financial software and services company Fidessa Group (Other OTC: FDGRF.PK - news) plumbed a new 52-week low of 1,317p today, though it regained a few pennies to stand at 1,321p at the time of writing. The firm has suffered from falling demand, saying at the time of its last update on 22 October that "(t)he challenges in the financial markets have gone on longer than most observers were expecting with third-quarter equity market volumes dropping further" and that there is unlikely to be any short-term change.

With updated analysts' forecasts expected soon, it seems unlikely we'll see a full-year dividend of much over 2%.

Recovering well

:-))

Put this on For those interested -


Panmure Gordon has raised its target price for trading systems developer Fidessa from 1,243p to 1,396p, following the forecast-beating final results released Monday.

However, the broker has retained its 'hold' recommendation on the shares, saying that the stock is still "too expensive and the halcyon days are long gone".

Just read in todays mail - Fidessa 'claims worst is over'

Chris Aspinwall has a good feel for the market and he should have. He is chief executive of software group Fidessa whos systems are responsible for trading almost 75% of the shares, bonds, derivatives and other securities bought and sold in london.
Yesterday he said that in recent weeks the strongest sentiment in equity markets for five years could signal a return to more stability among its customers.In other words, the worst is over and he sees plenty of blue skies ahead.
Aspinwall added 'while it was to early to know whether this was a turning point a floor would eventually be reached in the decline of equity markets.

Fidessa: Credit Suisse increases target price from 1782p to 2213p and retains an outperform rating.



Incredible recovery

LONDON (ShareCast) - Fidessa shares soared after Credit Suisse (NYSE: CRP - news) increased its target price from 1,782p to 2,213p and retained an outperform rating.

Fidessa Group (LSE: FDSA.L - news) : JP Morgan initiates with a target price of 2002p and a neutral rating.

Fidessa shares hit

15 April 2013 | 10:52am

StockMarketWire.com - Shares in Fidessa Group were down nearly 9% by mid morning in London after it said that, as expected, the attrition and pricing pressure seen during last year has continued into the first quarter which, in the short-term, makes it challenging for the company to deliver the growth levels it has previously seen.

It reported that it continued to deliver a solid performance during the first quarter with the growth from derivatives platforms, service based platforms and regional expansion offsetting the headwinds created by market conditions.

Fidessa added that it has seen good development in its pipeline and has continued its investment programme, expanding its capability across asset classes, services and regions.

At 10:52am: [LON:FDSA] share price was -102p at 1786p

Fidessa Group (LSE: FDSA.L - news) : Sanlam Securities takes target price from 1775p to 2000p and keeps a buy recommendation.

Trading statement Wed 8 May

EX dividend - 08 May 2013 Fidessa Group PLC (45 P)
08 May 2013 Fidessa Group PLC (24.5 P)

Fidessa: Sanlam Securities increases target price from 2000p to 2340p and stays with a buy recommendation

Fidessa Group PLC (FDSA:LSE) set a new 52-week high during today's trading session when it reached 2,121. Over this period, the share price is up 38.00%.

10 Jul Barclays... 2,500.00 Overweight

19 Jul Sanlam... 2,340.00 Buy
18 Jul JP Morgan... 1,757.00 Underweight

25 Jul Sanlam... 2,340.00 Buy

Half Yearly Report


Highlights for the period ended 30th June 2013:



· Strong multi-asset revenue growth and first global roll-outs of new derivatives platform.

· New derivatives signings including one with a large US bank.

· First signs of improving conditions in customer markets.

· Good growth delivered through regional expansion, with 57% of total revenue now accounted for outside of Europe.

· Good cash generation, with £50.3 million cash balance after dividend payments of £25.8 million.



http://www.moneyam.com/action/news/showArticle?id=4639792

Fidessa adjusted pre-tax profits fall

StockMarketWire.com

Fidessa posts adjusted pre-tax profits of £20.9m for the six months to the end of June - 5% down on last time.

Revenues were 1% lower at £139.3m and adjusted operating profits fell by 5% to £20.8m.

Chief executive Chris Aspinwall said: "Financial market conditions during the first half of 2013 have been changeable, with strong gains seen in the first quarter largely reversing during the second quarter. Trading volumes also provided mixed news, with equity trading in the first half of 2013 down on the same period last year but increased when compared to the second half of 2012.

"For many of our customers this has meant that whilst there has been some improvement in the conditions they face, this improvement has not been sufficiently strong or sustained to enable them to make investment decisions with confidence.

"As a result, we have seen some continuation of the attrition and price pressure we saw last year. Despite this pressure we have sustained and increased our investment programme, expanding our capabilities across assets, services and regions, and continued to win new deals.

"This expansion has allowed us to maintain our recurring revenues whilst we have seen a reduction in consultancy revenue as customers continue to manage discretionary spending tightly.

"The increase in our investment programme, particularly around our derivatives initiative as we roll-out our first global platforms, has had a small impact on margin."



Story provided by StockMarketWire.com
----------------------------------------------------------------------------------------------


29 Jul Finncap 2,200.00 Hold
29 Jul Numis 2,440.00 Buy
29 Jul Investec N/A Hold
29 Jul Sanlam... 2,340.00 Buy

JP Morgan Cazenove reiterates underweight on Fidessa Group, target cut from 1757p to 1749p. Canaccord Genuity retains hold on Fidessa Group, target raised from 1650p to 1850p. - See more at: http://www.stockmarketwire.com/article/4641222/Broker-News-Views.html#sthash.WslCcCeh.dpuf

A sell in this weeks IC- strip out cash at 135p a share and Fidessa's shares trade on a punchy 23 times forward earnings estimates. That's to high for a company experiencing little to negative growth at the moment.

Fidessa Group PLC (FDSA:LSE) set a new 52-week high during today's trading session when it reached 2,190. Over this period, the share price is up 49.44%.

Fidessa: Goldman Sachs raises target price from 2050p to 2630p, while retaining a neutral rating.

Interim Management Statement

PRNW



Fidessa group plc Interim Management Statement

28th October 2013

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment
management and information solutions for the world's financial community, is
releasing its interim management statement for the period from 1st July 2013 to
date.

Fidessa has continued to experience international growth and developing
momentum during the third quarter of 2013. The financial markets remained
changeable which meant that whilst there has been some improvement in the
conditions Fidessa's customers face, for many this improvement has not been
sufficiently strong or sustained to enable them to make investment decisions
with confidence. As a result, Fidessa has seen some continuation of the
attrition and price pressure experienced during the first half and believes
that it is still too early to know whether a turning point has been reached.
However, the reduced level of headwind that Fidessa saw during the first half
from closures and consolidations in the industry has continued through the
third quarter and Fidessa has a strong pipeline, giving an indication that
improving conditions may be starting to filter through. Fidessa continues to
believe that a floor will be reached in the decline of equity markets which
will allow its core end markets to return to a more stable state. This will
enable the growth it is generating through sales of its derivatives platforms,
service-based platforms and regional expansion, to flow through into overall
revenue growth, rather than being masked by the decline in traditional
equities. As indicated before, this process is unlikely to contribute to the
current year and, combined with Fidessa's continued investment programme, means
that Fidessa continues to expect its performance in the second half of 2013 to
be similar to that seen in the first half.

Looking further ahead, Fidessa expects that it will see stability and
opportunity returning to the markets and believes that it may already be
starting to see both of these develop. This will reduce the headwinds Fidessa
is currently experiencing and, coupled with further openings as momentum
continues developing in its multi-asset initiative, will enable it to return to
growth levels closer to those that have been seen in the past. Fidessa remains
excited by the potential of its service-based offerings across all asset
classes and believes that it will continue to play an important role as the
markets focus on efficiency, transparency, compliance and performance.

Fidessa continues to have a strong balance sheet with strong reserves, no debt,
strong cash generation and substantial levels of recurring revenue.

28 Oct Credit Suisse 2,400.00 Outperform
28 Oct Numis 2,440.00 Buy
28 Oct Finncap 2,200.00 Hold

7 Jan Barclays... 2,500.00 Overweight

11 Feb Citigroup 2,485.00 Neutral

Fidessa: Jefferies raises target price from 2450p to 2570p retaining a buy recommendation.

Final Results

Highlights for the year ended 31st December 2013:



· Improving conditions in all customer markets.

· Multi-asset revenue more than doubled as derivatives programme bears fruit.

· Good base of new derivatives signings including two large banks.

· Increased interest in service-based solutions on both the buy-side and the sell-side.

· Good international spread, with 57% of total revenue now accounted for outside of Europe.

· Growth in recurring revenues, now accounting for 85% of total revenues.

· Normal strong cash generation, with £73.0 million cash balance after dividend payments of £30.5



http://www.moneyam.com/action/news/showArticle?id=4757164

Interim Management Statement

PRNW



Fidessa group plc Interim Management Statement

28th April 2014

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment
management and information solutions for the world's financial community, is
releasing its interim management statement for the period from 1st January 2014
to date.

Fidessa has continued to see improvement in the trading conditions faced by its
customers across the markets in which it operates, and this is being reflected
in Fidessa's current deal pipeline. As reported with the 2013 results, and
consistent with the duration and depth of the downturn, this improvement is
somewhat uneven and means that many customers are still not able to make
investment decisions with confidence. As expected, the improvement is gradually
resulting in a reduction in the headwinds being faced, allowing the growth
being generated through sales of derivative platforms, service-based platforms
and regional expansion to flow through into overall revenue growth rather than
being masked by the decline in equities. Whilst a positive effect from this is
expected for 2014, Fidessa's recurring revenue model has the effect that some
of the impact from customer attrition in 2013 will flow through into 2014, and
means that modest constant currency growth is expected in 2014.

Looking further ahead, Fidessa believes that as stability and opportunity
return to the markets, the headwind reduction, coupled with further openings as
its multi-asset initiative gains momentum, will enable it to return to growth
levels closer to those seen in the past. Fidessa remains excited by the
potential of its service-based offerings across all asset classes and believes
that it will continue to play an important role as the customers focus on
efficiency, transparency, compliance and performance.

Fidessa continues to have a strong balance sheet with strong reserves, no debt,
strong cash generation and substantial levels of recurring revenue.

Enquiries:

Chris Aspinwall, Chief Executive Edward Bridges/Rebecca Flower
Andy Malpass, Finance Director FTI Consulting
www.fidessa.com Tel: +44 (0) 20 7831 3113
Tel: +44 (0) 20 7105 1000
Email: eu.info@fidessa.com

About Fidessa group

Exceptional trading, investment and information solutions for the world's
financial community.

New technology, new regulation, new challenges: making money in today's
financial markets is all about staying ahead of the curve. Having the
capability to spot new trends and act fast turns change into opportunity.
That's why 85% of the world's premier financial institutions trust Fidessa to
provide them with their multi-asset trading and investment infrastructure,
their market data and analysis, and their decision making and workflow
technology. It's also why $12 trillion worth of transactions flow across our
global network each year. Because we're the market leader, we can also offer
unique access to the world's largest and most valuable trading community of
buy-side and sell-side professionals, from global institutions and investment
banks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise.
We've delivered around 25% compound growth since our stock market listing in
1997 and we're recognised as the thought leader in our space. We set the
benchmark with our unrivalled set of mission-critical products and services
and, uniquely, serve both the buy-side and sell-side communities. Ongoing
investment in our leading-edge, integrated solutions ensures Fidessa remains
the industry's number one choice.



END

Trading statement 28 May

8 Jul Barclays... 2,700.00 Overweight

1 Aug Jefferies... 2,750.00 Buy

Half Yearly Report

Highlights for the period ended 30th June 2014:

· Return to underlying growth with increases of 4% on revenue and 5% on adjusted profit at constant currency.

· Continuation of improvement in market conditions.

· Multi-asset revenue doubles as derivatives programme bears fruit.

· New derivatives signings continue and strong pipeline.

· Increased interest in service-based solutions from both the buy-side and the sell-side.

· Good international spread, with 57% of total revenue accounted for outside of Europe.

· Recurring revenue maintained at 85% of total revenue.

· Strong cash generation, with £57.8 million cash balance after dividend payments of £26.3 million



http://www.moneyam.com/action/news/showArticle?id=4861780

Interim Management Statement

PRNW



Fidessa group plc Interim Management Statement

6th November 2014

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment
management and information solutions for the world's financial community, today
issues its interim management statement for the period from 1st July 2014 to
date.

Fidessa has continued to see improvement across the markets in which it
operates and this is being reflected both in the reduced headwind from
consolidations, restructurings and closures in the customer base and also in
the current deal pipeline. In particular, increased interest has been seen in
new functionality within the core markets as well as strong demand for the
derivatives and service-based offerings. As previously reported, due to the
depth, longevity and severity of the financial crisis, the improvement being
seen is expected to be gradual and this combined with the effect of the
recurring revenue model means that modest constant currency growth is expected
for the year as a whole. Whilst the return to underlying growth is welcome, the
exceptional strength of sterling during the year is expected to more than
offset this growth and affect the reported numbers.

Looking further ahead, Fidessa believes that as stability and opportunity
return to the markets, the headwind reduction, coupled with further openings as
its multi-asset initiative gains momentum, will enable it to return to growth
levels closer to those seen in the past. Fidessa remains excited by the
potential of its service-based offerings across all asset classes and segments
of its market and believes that it will continue to play an important role as
its customers focus on efficiency, transparency, compliance and performance.

Fidessa continues to have a strong balance sheet with strong reserves, no debt,
strong cash generation and substantial levels of recurring revenue.

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 16/10/2014, 20 days ago, when the stock price was 2,187.0000. Since then FDSA.L has risen by +9.51%.

Market Outlook

The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert.


http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=FDSA.L

Final results

Highlights for the period ended 31st December 2014:



· Return to underlying growth with increase of 3% on revenue and adjusted profit at constant currency.

· Improving market conditions and outlook.

· Multi-asset revenue nearly doubles as derivatives programme continues to deliver.

· New derivatives signings continue along with a strong pipeline.

· Growing international spread, with 58% of total revenue now accounted for outside of Europe.

· Recurring revenue maintained at 85% of total revenue.

· Strong cash generation, with £76.8 million cash balance after dividend payments of £31.2 million.
//////////////////////////////////////////////////////////////////////////////////////////////////


16 Feb Numis 2,720.00 Buy
16 Feb Panmure Gordon 1,589.00 Hold
16 Feb finnCap N/A Hold

Ex-divi 14th May 2015 (70p)

Interim Management Statement
PRNW


Fidessa group plc Interim Management Statement

30th April 2015

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment
management and information solutions for the world's financial community, today
issues its interim management statement for the period from 1st January 2015 to
date.

Whilst systemic risks and pressures have remained within the financial markets,
the gradual improvements in market conditions seen by Fidessa in the last year
have continued into 2015. This is expected to result in further reductions in
the headwind being faced as well as increased opportunity across all the
business lines. As reported with the 2014 results, Fidessa expects to see a
gradual increase in the growth rate from the level achieved in 2014 and this is
supported by the current sales pipeline. As new opportunities are opening up
they are requiring additional investment which is being carefully managed as
the year progresses.

Looking further ahead, Fidessa believes that stability and opportunity will
increasingly return to the markets and as its multi-asset initiative gains
further momentum, it will see growth levels returning closer to those it has
seen in the past. Fidessa remains excited by the potential for its
service-based offerings across all asset classes and segments of the market and
believes that it will continue to play an important role as customers focus on
efficiency, transparency, compliance and performance.

Fidessa continues to have a strong balance sheet with strong reserves, no debt,
strong cash generation and substantial levels of recurring revenue.

Enquiries:

Chris Aspinwall, Chief Executive Edward Bridges/Rebecca Flower
Andy Malpass, Finance Director FTI Consulting
www.fidessa.com Tel: +44 (0) 20 3727 1000
Tel: +44 (0) 20 7105 1000
Email: eu.info@fidessa.com

About Fidessa group

Exceptional trading, investment and information solutions for the world's
financial community.

New technology, new regulation, new challenges: making money in today's
financial markets is all about staying ahead of the curve. Having the
capability to spot new trends and act fast turns change into opportunity.
That's why many of the world's premier financial institutions trust Fidessa to
provide them with their multi-asset trading and investment infrastructure,
their market data and analysis, and their decision making and workflow
technology. It's also why $15 trillion worth of transactions flow across our
global network each year. Because we're the market leader, we can also offer
access to one of the world's largest and most valuable trading communities of
buy-side and sell-side professionals, from global institutions and investment
banks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise.
We've delivered around 25% compound growth since our stock market listing in
1997 and we're recognised as the thought leader in our space. We set the
benchmark with our unrivalled set of mission-critical products and services
and, uniquely, serve both the buy-side and sell-side communities. Ongoing
investment in our leading-edge, integrated solutions ensures Fidessa remains
the industry's number one choice.



END

30 Apr Credit Suisse 2,508.00 Neutral
30 Apr Numis 2,720.00 Buy
30 Apr Panmure Gordon 1,589.00 Hold
30 Apr finnCap 2,300.00 Hold

9 Jul Barclays... 2,050.00 Underweight

Interims Monday 3 Aug

Half yearly report

Sharecast - Analysts at Numis downgraded their rating for trading platforms company Fidessa to 'hold' from 'buy' after the company released its first half result.

Shares in Fidessa plunged by more than 10% to 2,157p this morning after the London-listed company reported a 1.5% decline year-on-year in pre-tax profit to £19.4m.

Numis reduced its price target for Fidessa to 2355p and warned the company's outlook was more troubling than expected.

Analysts said end markets were undergoing a high degree of change which led to further closures and consolidations, and this would create headwinds in 2016.

"Our new numbers reflect increased attrition/slower revenue growth and also ongoing investment as management position Fidessa to capitalise on the degree of change in some end markets," Numis said in a note.

While Fidessa could research potential ideas of interest in the fixed income market, Numis said it would not yet model the revenue of cost impact of that.

Fidessa Group: UBS upgrades to buy, reduces target price to 2030.00p.

FIDESSA GROUP

21 Oct 2015 07:00:00



Fidessa Group PLC



Fidessa group plc Interim Management Statement

21st October 2015

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, today issues its interim management statement for the period from 1st July 2015 to date.

Fidessa has continued to see customer markets entering a new phase of recovery as the impact from regulatory and structural changes strengthens. This changing landscape is creating a large number of opportunities as well as some additional challenges, resulting in a high level of new business activity alongside an increased investment pipeline. As noted in the interim report, the increased competition within the customer base may lead to further closures and consolidations, and whilst similar levels of growth to those seen in the first half are anticipated for the year as a whole, this may result in a higher level of headwind into 2016.

Looking ahead, Fidessa believes that it is entering a period where significant opportunity is returning to the markets. Further strong progress with the multi-asset initiative is expected and Fidessa will continue its research into the rates segment of the fixed income market, although no decision has yet been made to provide support for this asset class. Fidessa remains excited by the potential for its service-based offerings across all asset classes and believes that there are increasingly few vendors capable of meeting customers' business requirements whilst also having the scale and infrastructure necessary to handle the latest compliance demands being made by the regulators. Fidessa believes that it will continue to play an increasingly important role as customers focus on efficiency, transparency, compliance and performance, and expects that as markets stabilise it will see a return to growth rates similar to those seen in the past.

Fidessa continues to have a strong balance sheet with strong reserves, no debt and substantial levels of recurring revenue. Strong cash generation has continued through the period and Fidessa expects to be able to announce a further special dividend with its preliminary results in February 2016. Furthermore, Fidessa does not currently believe that an investment in providing support for the fixed income asset class is likely to have a material impact on its ability to pay further special dividends in the future.

director-buying-and-fat-yield-imply-upside

4 May finnCap 1,700.00 Sell

Ten-dividend-shares-post-Brexit-world.

Dividend yield: 3.7 per cent



Fidessa provides software to investment banks, brokers and asset management firms around the world.

The software firm has some loyal customers - a considerable 85 per cent of revenue is recurring, while its renewal rates are more than 99 per cent.

Long-term growth potential is good as Fidessa's customers look to improve efficiency, cope with regulation and compliance, and bring down costs.

However, Fidessa’s markets have been difficult over the last two years as its customer base has faced headwinds, slowed spending, and in some cases merged with each other.

The company deliberately operates a very prudent balance sheet with no debt and a strong net cash position. Because the company is capital-light, it needs little of its cash flow each year, so free cash flow is regularly returned as ordinary and special dividends.

Including its regular annual special dividend, the stock’s current dividend yield is 3.7 per cent.

Half year report

1 Aug Numis 2,870.00 Add
1 Aug Panmure Gordon 2,132.00 Hold

Ex dividend Wed 17 Aug 14.3p

Thurs 18th is ex-divi date! Most divi cut-off dates are now on a Thurs.

Cheers Harry, blame shares. :-))

15 Aug finnCap 1,700.00 Sell

Interim Management Statement
RNS
RNS Number : 5543N
Fidessa Group PLC
27 October 2016
 
Fidessa group plc Interim Management Statement
27th October 2016
 
Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment management and information solutions for the world's financial community, today issues its interim management statement for the period from 1st July 2016 to date.
Whilst Fidessa continues to see structural and regulatory drivers within the market, there is clearly a degree of uncertainty as a result of the Brexit vote. Although it remains too early to say what the wider implications of Brexit will be and how this might affect customer activity, Fidessa is not currently expecting that there will be any impact on the changing regulatory environment. In particular, Fidessa expects that MiFID II will be introduced as planned across Europe and that, regardless of any Brexit negotiations, it will also be implemented in the UK.  Fidessa continues to believe that it is well positioned to benefit from opportunities that will arise as a result of these changes in regulation. Furthermore, with over 60% of its revenue derived from outside of Europe, Fidessa remains well positioned to benefit from any continued weakness in sterling, providing further support for its strong cash generation and dividend policy. Overall, Fidessa expects that 2016 constant currency growth will be around the levels seen in the first half, with an expectation of further headline gains if sterling remains at its current level.
Looking ahead, although it is clear that the Brexit vote will continue to create some uncertainty for a period of time, Fidessa believes that it is entering a period where opportunity is returning to the market. Fidessa expects to continue to make progress with its multi-asset initiative and will continue to investigate the possibility of extending its asset class coverage.  Fidessa believes that across all asset classes, the market is moving towards the increased use of service-based solutions and that few vendors have both the depth of applications and the scale of infrastructure needed to deliver these solutions. Fidessa is committed to playing an increasingly important role in the markets as customers focus on efficiency, transparency, compliance and performance, and expects that this will provide it with significant opportunities for further growth.
Fidessa continues to have a strong balance sheet with strong reserves, no debt, strong cash generation and substantial levels of recurring revenue
 

27 Oct
Numis
2,920.00
Buy

04 January 2017, 09:36
Source - SMW
Fidessa group plc will announce its preliminary results for the year ended 31 December on 13 February.


At 9:36am: (LON:FDSA) Fidessa Group PLC share price was -21.5p at 2198.5p

Final Results

Highlights for the period ended 31st December 2016:
 
·      Solid revenue growth across all regions.
·      Good international spread providing stability against uncertainty following the Brexit vote and the US election.
·     64% of total revenue accounted for outside of Europe, with 73% denominated in non-sterling currency.
·      Increasing opportunities for new Fidessa services.
·      Derivatives programme continuing to build momentum.
·      Recurring revenue representing 87% of total revenue.
·      Strong cash generation, with £95.2 million cash balance after dividend payments of £32.5 million.
·      Final and special dividends declared, bringing the total 2016 payout to 92.5 pence per share.
 

Fidessa hikes divi after solid growth
StockMarketWire.com
Fidessa has hiked its dividend after solid growth in the year to the end of December.

Fidessa achieved revenue of �331.9m which represents growth on a reported basis of 12% (2015: �295.5m and 7% growth).

On a constant currency basis, revenue growth of 3% compares with 4% in 2015. Recurring revenue of �287.8m grew 14% and represents 87% of total revenue (2015: �252.5m, 85% of total revenue). Revenue for the sell-side business of �308.9m grew 13% (2015: �273.6m and 4% growth) and for the buy-side business revenue of �23.1m grew 5% (2015: �21.9m and a decline of 3%).

The group said: "Foreign currency exchange rates have been significantly more volatile during 2016 than in 2015. Sterling was 12% weaker against the US dollar and currencies pegged to the US dollar and 20% weaker against the Japanese yen.

"This has resulted in an increased variance between headline growth rates and constant currency growth rates. During 2016, 73% of revenue was denominated in foreign currencies, predominantly US dollars which accounted for 57% of revenue in the period.

"As anticipated, the revenue impact from consolidation and closures across the customer base increased to 4% during 2016 (from 2% in 2015).

"During 2016 there have continued to be further consolidations and closures, but Fidessa's current expectation is that these will have a reduced impact on revenue in 2017."

It continued: "During 2017 we plan to relocate our main US office from New York to Jersey City.

"The strength of our balance sheet enables us to fund the fit out of this facility ourselves, rather than using financing. We anticipate a cash outflow, net of landlord incentives, of approximately �12m in relation to this fit out during 2017 and approximately a 1% reduction in profit after tax margin as a result of duplicate and one-off costs associated with the move.

"The reduction in profit after tax margin is expected to impact both the first and second halves of 2017.

"Development expenditure capitalised of �30.4m was broadly unchanged from �30.3m in 2015 while net capitalisation of development expenditure of �2.9m increased from �2.5m in 2015.

"Following changes in legislation, Fidessa has implemented the research and development expenditure credit regime (RDEC) during the period.

"As a result, research and development tax credits previously offset against income tax expense are replaced by research and development grants that will be offset against operating expenses.

"The new treatment was adopted with effect from 1st January 2015 and during 2016, operating expenses have been reduced by grants totalling �1.7m."

Profit before tax for 2016 increased 25% to �48.8m, being a profit before tax margin of 14.7% (2015: 13.2%).

The profit before tax growth benefited from the positive impact of foreign currency exchange rate movements and from the RDEC grants.

Diluted earnings per share increased by 21% to 92.3 pence (2015: 76.5 pence).

The final dividend, if approved by shareholders, will be 28.2 pence and payable on 8 June to shareholders on the register on 12 May, with an ex-dividend date of 11th May 2017.

In addition, a special dividend of 50.0 pence (2015: 45.0 pence) is proposed and, if approved by shareholders, will be paid at the same time as the final dividend and brings total dividends for the year to 92.5 pence, an 11% increase from 83.5 pence in 2015.

Chief executive Chris Aspinwall said: "2016 has seen a period of exceptional change and uncertainty for our customers.

"During the year, structural and regulatory drivers have started to impact across the market and, at the same time, customers have been faced with uncertainty around how the political environment might affect their business.

"For Fidessa, however, although there was some evidence of stress during the second half of the year as firms took stock of the impact of the Brexit decision and the US election, levels of new business activity generally remained high and, when combined with the weakness of sterling, this enabled us to deliver solid growth for the year as a whole.

"As anticipated in the 2015 preliminary results announcement, we saw an increased headwind in 2016 as a result of consolidations and closures within our customer base, with this having the largest effect in the second half, particularly with regard to our sell-side derivatives business. However, based on what we can currently see, we expect that this headwind will now start to reduce.





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Final results

Highlights for the period ended 31st December 2017:
· Solid revenue growth across all regions.
· Good international spread with 66% of total revenue accounted for outside of Europe.
· Continued strong growth in multi-asset revenue with 10 new derivatives deals signed.
· Recurring revenue representing 88% of total revenue.
· Increasing capacity for investment in new opportunities or raised margin.
· Constant currency adjusted profit before tax increased 5%.
· Strong cash generation with £92.4 million cash balance after net outflows in the year of £10.1 million associated with the Jersey City office move and dividend payments of £36.0 million.
· Final and special dividends totalling 79.7 pence proposed, bringing the total 2017 payout to 95.0 pence per share, a total value of £36.6 million.

19 Feb
Jefferies...
3,100.00
Buy
19 Feb
Numis
3,070.00
Add

Possible offer for Fidessa by Temenos
RNS
RNS Number : 3600F
Fidessa Group PLC
20 February 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT MADE UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). IT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER WHETHER UNDER RULE 2.7 OF THE CODE OR OTHERWISE AND THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

20 February 2018

Possible offer for Fidessa Group plc ("Fidessa") by Temenos Group AG ("Temenos")

Further to the movement in Fidessa's share price yesterday, the Boards of Fidessa and Temenos confirm that they are in advanced discussions regarding a possible all cash offer by Temenos for the entire issued and to be issued share capital of Fidessa (the "Possible Offer").

Under the proposed terms of the Possible Offer, Fidessa shareholders would receive £35.67 in cash for each Fidessa share together with the right to receive the final and special dividends announced on 19 February 2018 with Fidessa's full-year results, which, in aggregate, are worth £0.797 per Fidessa share. The total value of the Possible Offer is therefore £36.467 per Fidessa share.

Should a firm offer be made pursuant to Rule 2.7 of the Code by Temenos at the level of the Possible Offer, the Board of Fidessa intends to recommend its acceptance to Fidessa shareholders.

This announcement has been made with the consent of Temenos. Temenos reserves the right to vary the form and/or mix of the consideration described in this announcement; and to make an offer for Fidessa on less favourable terms: (i) with the recommendation or consent of the board of Fidessa; (ii) if Fidessa announces, declares or pays any dividend or distribution to shareholders other than the final and special dividends Fidessa has announced in respect of the year ended 31 December 2017 of, in aggregate, £0.797 per share, in which case Temenos reserves the right to make an equivalent reduction to the proposed offer price; (iii) if a third party announces a firm intention to make an offer for Fidessa on less favourable terms than the Possible Offer, or (iv) following the announcement by Fidessa of a "whitewash" transaction pursuant to the Code.

There can be no certainty that any offer will be made.

In accordance with Rule 2.6(a) of the Code, Temenos is required, by not later than 5.00 pm on 20 March 2018, to announce a firm intention to make an offer for Fidessa in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

A further announcement will be made when appropriate.

Fantastic day. :-))

Bullseye, DC.

About time midnight. Held since June 2012. :-))

Recommended cash acquisition

Market price higher than offer cum divi.

Proactive investor - Fidessa upgraded to 'neutral' by UBS after agreeing Temenos takeover
Share
10:41 05 Mar 2018
UBS has suggested Fidessa moves roles offshore to improve its operating margins

Fidessa's deal with Temenos is expected to deliver cost synergies of US$60mln
Fidessa PLC (LON:FDSA) has been upgraded by UBS after agreeing to be taken over by Swiss banking software firm Temenos AG.
Temenos is paying £35.67 per Fidessa share in an all-cash deal that values the UK software company at about £1.4bn.
READ: Fidessa agrees takeover bid from Swiss banking software company Temenos for around £1.4bn
UBS raised its rating on the stock to ‘neutral’ from ‘sell’ and lifted its target price to 3,647p from 2,140p.
The deal is expected to deliver cost synergies of US$60mln, including US$50mln in operational efficiencies and US$10m in duplicated costs.
UBS said US$39mln of cost savings could come from the reduction of 300 roles in general and administration while a further US$11mln could be generated by moving jobs in research and development and in support offshore.
The bank pointed out that Fidessa’s average salary per employee of US$129,000 is above the peer group average of US$95,000.
“Whilst we believe that Fidessa has a robust business model, driven by highly visible recurring revenues (88%), it has one of the lowest operating margins in our software coverage,” UBS said.
“With the company currently run without taking advantage of on-/offshore capabilities, we think it has a suboptimal cost structure.”
Shares in Fidessa were little changed

Shares - Fidessa up 45.40% YTD

Financial services software and data provider Fidessa said it had received approaches from two separate parties considering making a higher bid for the company than an existing £1.4bn offer from Swiss-based Temenos.

One of the two parties had suggested an offer that would represent a 5% premium to the Temenos bid, Fidessa said.

Temenos had offered £36.467 per share in cash, while the other offer would comprise £38.297, also in cash. No details were provided regarding the second new approach.

'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.

A shareholder meeting to consider the Temeons bid, due to be held this Thursday, had been adjourned to allow the company to explore the possible rival offers in more detail.

At 1:40pm: (LON:FDSA) Fidessa Group PLC share price was +405p at 4070p

4170 at close. Wow.

:-))

13 Apr
Barclays...
3,650.00
Equal weight

Statement regarding Fidessa Group Plc
RNS
RNS Number : 6940L
Temenos Group AG
20 April 2018

20 April 2018
Statement regarding Fidessa group plc ("Fidessa") and proposed USD 250m share buyback
Temenos Group AG ("Temenos") notes the announcement by Fidessa today. The Board of Temenos announces that it does not believe that it would be in the best interests of Temenos shareholders for Temenos to amend the terms of its offer for the entire issued and to be issued ordinary share capital of Fidessa which was announced on 21 February 2018 (the "Proposed Acquisition"). The Board of Temenos recognises the importance of maintaining strong financial discipline and carefully considering capital allocation in order to optimise shareholder returns. Accordingly, Temenos will not be making a revised offer for Fidessa.
In light of the announcement by Fidessa today that it proposes to adjourn the Scheme Court Meeting and the General Meeting that had been convened to consider the Proposed Acquisition, the Board of Temenos confirms that it will not consent to an extension of the date by which the Scheme Court Meeting and the General Meeting must be held, and therefore, should there be an adjournment of either the Scheme Court Meeting or the General Meeting, the Proposed Acquisition will lapse in accordance with its terms on 28 April 2018. Further, in light of the announcement by Fidessa, Temenos has notified Fidessa of the termination of the Co-operation Agreement in accordance with its terms.
Commenting on the announcement, Andreas Andreades, Executive Chairman of Temenos said:
"We have a very significant addressable market in the banking segment which is seeing strong growth underpinned by multiple structural drivers including digitisation, regulation and the move to open banking. We are the leader in this winner-takes-all market, having won all the key strategic deals, and expect our business to continue to achieve double-digit organic revenue growth annually as we pull further ahead of the competition.
In this context we decided it was not in the best interest of our shareholders to raise our offer price for Fidessa. I am confident we will continue delivering very strong shareholder value as we grow the business and are in an excellent position to take advantage of other opportunities to enter adjacent segments as they arise in a manner that will create exceptional value as we are doing in our core business, and capture a greater share of the IT and software spend of banks."
The Board of Temenos has also given approval for a share buyback of up to a total of USD 250m to be launched in Q2 2018, subject to regulatory approval. The share buyback will be funded through Temenos' strong cash flow generation, with the company's leverage expected to be maintained at 1-1.5x EBITDA by year end. Temenos intends to use the repurchased shares for potential acquisitions and/or for any other corporate purposes.
Capitalised terms used, but not defined, in this announcement shall have the same meaning as set out in the scheme document published by Fidessa in connection with the Proposed Acquisition on 13 March 2018.