Numis Corporation - Very strong end to the year
Numis reported a particularly strong end to its financial year driven principally by capital markets activity. FY20 revenues are set to be nearly 12% ahead of our previous estimate resulting in a 42% increase in our pre-tax profit forecast. Looking ahead, the incidence of capital markets transactions remains uncertain but this prospective result tends to confirm the strength of the franchise and validate the investment the firm has made in resources to underpin client service and growth.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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