"It's about where our technology has been successful and being able to increase the adoption of that technology" Shares in Autonomy were down 71 percent at 1496 pence by 1338 GMT, the biggest faller in the FTSE 100 index FTSE Numis analysts said the fund raising and a deal to buy one of its resellers, announced on Tuesday, would reduce clarity in its second quarter earnings "We estimate a 3 percent dilution to profit before tax until this capital is deployed," analyst David Toms said in a note He said traditionally a hyper acquisitive model has been associated with slowing growth in a core business and Autonomy's last result showed pro forma growth down to about 9 percent, which made further acquisitions attractive 
Share:  "It's about where our technology has been successful and being able to increase the adoption of that technology" Shares in <span class="company">Autonomy</span> were down 71 percent at 1496 pence by 1338 GMT, the biggest faller in the FTSE 100 index FTSE Numis analysts said the fund raising and a deal to buy one of its resellers, announced on Tuesday, would reduce clarity in its second quarter earnings<span class="sent"> "We estimate a 3 percent dilution to profit before tax until this capital is deployed," analyst <span class="analyst">David Toms</span> said in a note</span> He said traditionally a hyper acquisitive model has been associated with slowing growth in a core business and <span class="company">Autonomy</span>'s last result showed pro forma growth down to about 9 percent, which made further acquisitions attractive Tweet this 

"It's about where our technology has been successful and being able to increase the adoption of that technology" Shares in Autonomy were down 71 percent at 1496 pence by 1338 GMT, the biggest faller in the FTSE 100 index FTSE Numis analysts said the fund raising and a deal to buy one of its resellers, announced on Tuesday, would reduce clarity in its second quarter earnings "We estimate a 3 percent dilution to profit before tax until this capital is deployed," analyst David Toms said in a note He said traditionally a hyper acquisitive model has been associated with slowing growth in a core business and Autonomy's last result showed pro forma growth down to about 9 percent, which made further acquisitions attractive 
Share:  "It's about where our technology has been successful and being able to increase the adoption of that technology" Shares in <span class="company">Autonomy</span> were down 71 percent at 1496 pence by 1338 GMT, the biggest faller in the FTSE 100 index FTSE Numis analysts said the fund raising and a deal to buy one of its resellers, announced on Tuesday, would reduce clarity in its second quarter earnings<span class="sent"> "We estimate a 3 percent dilution to profit before tax until this capital is deployed," analyst <span class="analyst">David Toms</span> said in a note</span> He said traditionally a hyper acquisitive model has been associated with slowing growth in a core business and <span class="company">Autonomy</span>'s last result showed pro forma growth down to about 9 percent, which made further acquisitions attractive Tweet this 

Europe [STXNEWS/EU] Real time Equity News [E] [GB/EQUITY] UK [STXNEWS/UK] Stocks on the move [HOT RTRS] UK smallcaps [STX/UKSC] UK smallcaps news [GB/SMALL] 10:56GMT 09Feb2009 Patsystems up on strong FY, outlook Shares in Patsystems Plc ( PTSL ) rise 67 percent after the provider of trading systems software posts robust 2009 results despite the collapse of major client Lehman and says the current year has begun with a strong sales pipeline "PatSystems has many of the attributes we like to see in software companies , a recurring revenue model, a top quality customer list, a strong balance sheet with good cash generation, and a range of cyclical and structural growth opportunities over the next 24 months," Numis Securities analyst David Toms says in a note 
Share:  Europe [STXNEWS/EU] Real time Equity News [E] [GB/EQUITY] UK [STXNEWS/UK] Stocks on the move [HOT RTRS] UK smallcaps [STX/UKSC] UK smallcaps news [GB/SMALL] 10:56GMT 09Feb2009 Patsystems up on strong FY, outlook Shares in <span class="company">Patsystems Plc</span> ( PTSL ) rise 67 percent after the provider of trading systems software posts robust 2009 results despite the collapse of major client Lehman and says the current year has begun with a strong sales pipeline<span class="sent"> "PatSystems has many of the attributes we like to see in software companies , a recurring revenue model, a top quality customer list, a strong balance sheet with good cash generation, and a range of cyclical and structural growth opportunities over the next 24 months," Numis Securities analyst <span class="analyst">David Toms</span> says in a note</span> Tweet this 

Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boomGoldman Sachs, Exane BNP 
Share:  <span class="sent">Only five blue chip stocks rose on Thursday as sovereign debt fears sent the FTSE 100 tumbling. Autonomywas among the few gainers with a raft of "buy" notes lifting the software maker to its highest level since the dotcom boom</span>Goldman Sachs, Exane BNP Tweet this 

Shares in Fidessa, which supplies trading systems to banks and brokers, rose to a new high on Friday on hopes that its banking and hedge fund clients were through the worst of the financial crisis. Chris Aspinwall, chief executive, said the rapid rebound 
Share:  <span class="sent">Shares in Fidessa, which supplies trading systems to banks and brokers, rose to a new high on Friday on hopes that its banking and hedge fund clients were through the worst of the financial crisis. </span>Chris Aspinwall, chief executive, said the rapid rebound Tweet this 

David Toms at Numis Securities raised the shares to a "buy" recommenadtion from "hold" saying the company's update "implies that trading iswell ahead of our expectations and that this is probably the trough period." "We view Aveva as a top quality asset in the sector, with a highly regarded management team," he added. The shares closed up 46p, or 4.7%, at £10.21. 
Share:  <span class="sent"><span class="analyst">David Toms</span> at Numis Securities raised the shares to a "buy" recommenadtion from "hold" saying the company's update "implies that trading iswell ahead of our expectations and that this is probably the trough period." </span> "We view <span class="company">Aveva</span> as a top quality asset in the sector, with a highly regarded management team," he added. The shares closed up 46p, or 4.7%, at £10.21. Tweet this 

Numis Securities analyst David Toms suggests that a change of CEO increases the company's premium risk, particularly in the context of the considerable integration work Micro Focus faces having just moved into the major new testing market. Whilst Toms sees potential for positive market performance once the testing division is fully integrated, his suggestion is that until a successor is appointed investors are unlikely to be encouraged into the shares. Anticipating the market's negative reaction to the news, Numis has pulled back its target price by 10% to 420p and downgraded its recommendation to Hold. A more positive note was struck by FinnCap analysts who suggest that organic slowdown for this period has already been factored into market forecasts and should come as no surprise. 
Share:  <span class="sent">Numis Securities analyst <span class="analyst">David Toms</span> suggests that a change of CEO increases the company's premium risk, particularly in the context of the considerable integration work <span class="company">Micro Focus</span> faces having just moved into the major new testing market. </span> Whilst Toms sees potential for positive market performance once the testing division is fully integrated, his suggestion is that until a successor is appointed investors are unlikely to be encouraged into the shares. Anticipating the market's negative reaction to the news, Numis has pulled back its target price by 10% to 420p and downgraded its recommendation to Hold. A more positive note was struck by FinnCap analysts who suggest that organic slowdown for this period has already been factored into market forecasts and should come as no surprise. Tweet this 

The group said the two deals would give Micro Focus a leading market position in the software testing business which is estimated to be worth around $2 billion a year and would complement Micro Focus's core software modernisation business. Numis analyst David Toms said the deals could result in an earnings per share accretion of 45 percent. "Micro Focus has experienced a strong close to the fourth quarter and I am delighted with the current market relevance and resilience of the group," Chief Executive Stephen Kelly said in a statement.  
Share:  The group said the two deals would give <span class="company">Micro Focus</span> a leading market position in the software testing business which is estimated to be worth around $2 billion a year and would complement <span class="company">Micro Focus</span>'s core software modernisation business. <span class="sent"> Numis analyst <span class="analyst">David Toms</span> said the deals could result in an earnings per share accretion of 45 percent. "<span class="company">Micro Focus</span> has experienced a strong close to the fourth quarter and I am delighted with the current market relevance and resilience of the group," Chief Executive Stephen Kelly said in a statement. </span>...<span class="sent">Numis analyst <span class="analyst">David Toms</span> said the deals could result in an earnings per share accretion of 45 percent. "<span class="company">Micro Focus</span> has experienced a strong close to the fourth quarter and I am delighted with the current market relevance and resilience of the group," Chief Executive Stephen Kelly said in a statement. </span> Tweet this 

The group said the two deals would give Micro Focus a leading market position in the software testing business which is estimated to be worth around $2 billion a year and would complement Micro Focus's core software modernisation business. Numis analyst David Toms said the deals could result in an earnings per share accretion of 45 percent. "Micro Focus has experienced a strong close to the fourth quarter and I am delighted with the current market relevance and resilience of the group," Chief Executive Stephen Kelly said in a statement.  
Share:  The group said the two deals would give <span class="company">Micro Focus</span> a leading market position in the software testing business which is estimated to be worth around $2 billion a year and would complement <span class="company">Micro Focus</span>'s core software modernisation business. <span class="sent"> Numis analyst <span class="analyst">David Toms</span> said the deals could result in an earnings per share accretion of 45 percent. "<span class="company">Micro Focus</span> has experienced a strong close to the fourth quarter and I am delighted with the current market relevance and resilience of the group," Chief Executive Stephen Kelly said in a statement. </span>...<span class="sent">Numis analyst <span class="analyst">David Toms</span> said the deals could result in an earnings per share accretion of 45 percent. "<span class="company">Micro Focus</span> has experienced a strong close to the fourth quarter and I am delighted with the current market relevance and resilience of the group," Chief Executive Stephen Kelly said in a statement. </span> Tweet this 

Earlier on Wednesday, the bank said Golden Gate was proposing to sell about 25 million shares, or 12.4 percent of Micro Focus, at a price of 255 to 265 pence a share. Analysts David Toms at brokerage Numis, who rates the shares a "hold", said he would look to add to holdings of the stock at 260 pence a share. "We remain a little nervous about the sector backdrop (but) if we're wrong, there could be material upside and the shares are cheap (and a rare `growth in a downturn' stock)", he said in a note. "On the flipside, if profit momentum disappears in H2, as consensus implies, then we worry that three times EV:Sales (enterprise value over sales) could look a little exposed." 
Share:  Earlier on Wednesday, the bank said Golden Gate was proposing to sell about 25 million shares, or 12.4 percent of <span class="company">Micro Focus</span>, at a price of 255 to 265 pence a share. <span class="sent"> Analysts <span class="analyst">David Toms</span> at brokerage Numis, who rates the shares a "hold", said he would look to add to holdings of the stock at 260 pence a share. </span> "We remain a little nervous about the sector backdrop (but) if we're wrong, there could be material upside and the shares are cheap (and a rare `growth in a downturn' stock)", he said in a note. "On the flipside, if profit momentum disappears in H2, as consensus implies, then we worry that three times EV:Sales (enterprise value over sales) could look a little exposed." Tweet this