Numis Corporation - Keeping its eye on longer-term growth
Key themes from Numis’s FY18 results were the continued growth in the corporate client base, significant investment in staff and other costs to support growth, and maintenance of its institutional client base following MiFID II implementation. Cost growth meant that while revenue reached a new record, profits were lower. Recent market trends suggest profits could be lower again this year and we have reduced our estimate accordingly. Looking beyond this, the investment in strengthening the franchise should mean that Numis is well placed to achieve further significant growth 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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