Comfortably ahead
Numis issued an upbeat trading statement at the end of July signalling that activity has been strong since the end of March and that revenue and profit for the current year to end September are likely to be comfortably ahead of the prior year. We have increased our estimate accordingly while holding our FY18 forecast steady on a precautionary basis. The recent pick up in trading is evidence of how the strength of the franchise pays off in favourable market conditions and provides an encouraging backdrop as board changes signal further measured evolution in management.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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