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/

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.





Story provided by StockMarketWire.com

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.