reports
Form 8.3 - Maitland Institutional Services Limited: Form 8.3 - Numis C...
Maitland Institutional Services Limited (MISL) Form 8.3 - Maitland Institutional Services Limited: Form 8.3 - Numis Corporation PLC 19-May-2023 / 14:52 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Chelverton UK Dividend Trust PLC and MI Chelverton UK Equity Income Fund (b) Owner or controller of interests and short positions disclosed, if different from 1(a...
Form 8.3 - Maitland Institutional Services Limited: Re Numis Corporati...
Maitland Institutional Services Limited (MISL) Form 8.3 - Maitland Institutional Services Limited: Re Numis Corporation plc - AMENDED 11-May-2023 / 17:13 GMT/BST FORM 8.3 AMENDMENT TO SECTION 1(e) AND 3(a) OF FORM 8.3 RELEASED AT 13:25 ON 10 MAY 2023 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Chelverton UK Dividend Trust PLC and MI Chelverton UK Equity Income Fund ...
Form 8.3 - Maitland Institutional Services Limited: Numis Corporation ...
Maitland Institutional Services Limited (MISL) Form 8.3 - Maitland Institutional Services Limited: Numis Corporation Plc 10-May-2023 / 13:25 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Chelverton UK Dividend Trust PLC and MI Chelverton UK Equity Income Fund (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The...
Form 8.3 - Maitland Institutional Services Limited: Re Numis Corporati...
Maitland Institutional Services Limited (MISL) Form 8.3 - Maitland Institutional Services Limited: Re Numis Corporation PLC 02-May-2023 / 13:17 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Chelverton UK Dividend Trust PLC and MI Chelverton UK Equity Income Fund (b) Owner or controller of interests and short positions disclosed, if different from 1(a): ...
- Pedro Fonseca
Numis Corporation - Markets still subdued but diversification helps
UK equity capital market (ECM) activity has remained subdued and Numis does not expect a near-term revival. Nevertheless, its strategy of investing in diversification is bearing fruit with M&A advisory showing continued strength and private markets transactions showing signs of picking up. Numis’s strong balance sheet allows it to take opportunities to recruit and maintain investment in technology in the downcycle. This should pay dividends in a stronger market and underpin longer-term growth.
- Pedro Fonseca
Numis Corporation - Revenues running in line with H222
The trends seen in Numis’s H222 have continued in the first four months of FY23. Capital markets activity and revenues have been subdued but the strong momentum in M&A advisory has also been maintained, underlining the diversification benefits of previous investments in developing this area. A strong balance sheet provides flexibility to take further opportunities to broaden the group’s capabilities, which should support growth and returns through market cycles.
- Pedro Fonseca
Numis Corporation - Diversification mitigates market downturn
There is no real sign of an improvement in capital markets activity and therefore the near-term trading background for Numis and its peers. However, Numis is reaping the benefits of its investment in building its mergers and acquisition (M&A) activity, which delivered strongly in FY22 and has a good pipeline. The group remains committed to developing its franchise with selective investment, which should help diversify revenues further and support its growth through market fluctuations.
- Pedro Fonseca
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 internation...
Numis Corporation (NUM): Building a more diversified investment bank
Edison Investment Research Limited Numis Corporation (NUM): Building a more diversified investment bank 11-May-2022 / 07:00 GMT/BST London, UK, 11 May 2022 Numis Corporation (NUM): Building a more diversified investment bank The challenging market background in Q222 put a brake on capital markets transactions and significantly affected Numis’s first half results but also highlighted the benefits of the group’s investment in developing a more diverse service offering. Private markets revenues held up well and the mergers and acquisitions and debt advisory areas continued to m...
- Pedro Fonseca
Numis Corporation - Building a more diversified investment bank
The challenging market background in Q222 put a brake on capital markets transactions and significantly affected Numis’s first half results but also highlighted the benefits of the group’s investment in developing a more diverse service offering. Private markets revenues held up well and the mergers and acquisitions (M&A) and debt advisory areas continued to make progress. The balance sheet remains strong and the group continues to focus on developing its franchise, including an increasing contr...
- Pedro Fonseca
Numis Corporation - Diversification mitigates lower activity
The combination of rising macroeconomic concerns and the outbreak of a war in Europe has had a chilling impact on equity capital markets activity, emphasising the potential volatility in these revenues. We have reduced our estimates for Numis accordingly. As a test of Numis’s work to diversify its business by developing M&A advisory and private markets strands, H122 has been a success, with these revenues proving resilient. On a longer view, the strength of the overall franchise remains a key at...
- Pedro Fonseca
Numis Corporation - M&A and private markets make up for lower IPOs
In its AGM trading update Numis noted that the recent reduction in market risk appetite has meant lower capital markets activity. However, its first quarter was strong and the company has a healthy pipeline for H222, subject to market background. Encouragingly, investment in developing its M&A, private markets and international equity capital markets capabilities is helping to sustain revenues in the near term as well as creating a broader base for longer-term growth.
- Pedro Fonseca
Numis Corporation - M&A and private markets make up for lower IPOs
In its AGM trading update Numis noted that the recent reduction in market risk appetite has meant lower capital markets activity. However, its first quarter was strong and the company has a healthy pipeline for H222, subject to market background. Encouragingly, investment in developing its M&A, private markets and international equity capital markets capabilities is helping to sustain revenues in the near term as well as creating a broader base for longer-term growth.
- Pedro Fonseca
Numis Corporation - Investing to broaden the income base
Inevitably, after two years of record revenues and with near-term market sentiment less certain, there is a temptation to be wary of the outlook for an investment bank. However, Numis has proven resilient through market cycles, has a strong balance sheet and has been successfully pursuing a growth strategy, which includes broadening its activities into M&A advisory, private markets and now international equity capital markets. Market fluctuations are still set to sway earnings but, on a longer v...
- Pedro Fonseca
Numis Corporation - Investing to broaden the income base
Inevitably, after two years of record revenues and with near-term market sentiment less certain, there is a temptation to be wary of the outlook for an investment bank. However, Numis has proven resilient through market cycles, has a strong balance sheet and has been successfully pursuing a growth strategy, which includes broadening its activities into M&A advisory, private markets and now international equity capital markets. Market fluctuations are still set to sway earnings but, on a longer v...
- Pedro Fonseca
Numis Corporation - Another strong quarter and positive outlook
A strong end to FY21 means that Numis expects revenues of c £215m and prompts a further increase in our estimate. The near-term outlook is also very positive, with a number of IPOs in the pipeline. Market cycles will mean less favourable conditions at some point, but the success Numis has had in growing and broadening its franchise puts it in a good position to make further progress through these fluctuations.
- Pedro Fonseca
Numis Corporation - Another strong quarter and positive outlook
A strong end to FY21 means that Numis expects revenues of c £215m and prompts a further increase in our estimate. The near-term outlook is also very positive, with a number of IPOs in the pipeline. Market cycles will mean less favourable conditions at some point, but the success Numis has had in growing and broadening its franchise puts it in a good position to make further progress through these fluctuations.
- Pedro Fonseca
Numis Corporation - Positive trading continues
Numis’s strong third quarter reflects both a favourable market background and its strategy of improving the quality of its client base and investing in talent. Market fluctuations and seasonality are set to influence near-term revenue trends, but moves to strengthen the franchise, including developing its advisory and private markets activities and expanding the equity capital markets offering outside the UK, should diversify revenues and help support longer-term growth.
Edison Investment Research Limited: Numis Corporation (NUM): Very stro...
Edison Investment Research Limited Edison Investment Research Limited: Numis Corporation (NUM): Very strong results, consistent strategy 14-May-2021 / 07:00 GMT/BST London, UK, 14 May 2021 Numis Corporation (NUM): Very strong results, consistent strategy In addition to successfully executing a high volume of transactions for clients in the first half, Numis continues to plan investment to strengthen and broaden its capabilities to support longer-term growth through market cycles. With over 60% of transaction fee income in H120 coming from outside the retained client base the...
- Pedro Fonseca
Numis Corporation - Very strong results, consistent strategy
In addition to successfully executing a high volume of transactions for clients in the first half, Numis continues to plan investment to strengthen and broaden its capabilities to support longer-term growth through market cycles. With over 60% of transaction fee income in H120 coming from outside the retained client base there is evidence that the company is succeeding in building a wider reputation.
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