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/

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.