Numis Corporation - A subdued H222 though M&A outlook positive
Tough market conditions have continued through Numis’s second half. This is likely to have left full year revenue down about a third compared with the prior year. The outcome would have been worse without the investment the firm has made to develop its mergers and acquisitions activity, which has mitigated the downturn. The outlook for the start of FY23 remains clouded, but on a longer view the group’s existing franchise and continued focus on developing its client base and expanding internationally and into complementary areas should underpin its performance through market cycles.Numis Corp. is a holding company. Co. is an independent institutional stockbroker and corporate advisor. Co. is a provider of access to capital for U.K. listed companies. Co. provides a range of research, execution, corporate broking and advisory services to companies of all sizes quoted in the U.K. and their investors. Co. serves a range of corporate clients across 16 sectors.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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