Numis Share Discussion Threads

[quepassa] 30/3/2021 08:36

Yes. Astonishingly strong Trading Update.

[its the oxman] 30/3/2021 08:16

Should be back over 400p after today's positive update.

[speedsgh] 11/2/2021 07:58

Numis has acted as joint bookrunner (alongside Deutsche Bank) on a £96.3m placing for Polypipe Group plc (PLP)...

[speedsgh] 10/2/2021 12:44

New 'paid-for' Edison update...

High activity levels across the business -

Trading for Numis in the first four months of FY21 has been strong, even though the fund raising associated with the onset of the pandemic has subsided. All areas are reported to be trading well with both IPO and advisory revenues picking up from previously subdued levels. With the deal pipeline encouraging for the remainder of H121, we have increased our FY21 revenue and pre-tax profit estimates by 9% and 30% respectively...

[sphere25] 09/2/2021 15:10

Absolute barrage of IPO's out there. All kinds of nutty valuations too so clearly NUM will be making positive noises.

Clearly all this activity happens when we're not at the value end of the market. It is safe to say the easy money has been made and it is going to be much harder going forward.

You can see pockets of value out there. Trying to differentiate the genuine value from those that carry a big risk aspect isn't always straightforward. The more glaring ones (which haven't recovered well or priced in the forward potential) where it looks like there is value being held back by ordinary sellers/shorts/overhang: IBST, SREI, CTO, CAPD, BREI, NXR.

I want to say XLM but it's a wait and see on that overhang. PTRO looks another XLM sort which is prone to disappointing, has a big seller at work and also has a key breakout point of above 40p. Highest risk recovery play is SWG though I'm getting clobbered on that atm, down 12% and the biggest loss by a country mile so far. It's a wait to see if the progression of recent bullish updates continues.

There is alot of takeover activity about at the moment too and it looks like bidders are picking up companies which haven't recovered to pre-covid valuations so clearly they see value from a 2023 plus recovery perspective.

We have seen so many very recently with the likes of:

NUC, MARS, ARW, SCPA, EQN, AGK...even FCCN....yes, even blooming FCCN! :-D

It's abit of a frenzy out there at the moment on the IPO and takeover front. It is a party but what does all this exuberant activity mean for market participant positioning within markets?

Noted a chart on US Tech valuations on price/sales ratios above five being back to Tech Bubble levels. Do valuations and profits matter in the US?

I tried to get some high level leveraged positioning data from spread firms, but even very high level, non-specific data isn't easily available. Private investor leverage clearly won't all be on the level of ZOE but it must be getting built up to more significant levels.

The trend is up for now so we roll with it, but plenty of food for thought out there.

All imo
DYOR

[speedsgh] 09/2/2021 07:43

AGM Trading Update -

Numis today provides the following trading update in relation to the four month period ended 31 January 2021. This statement is issued in advance of the Company's Annual General Meeting which is being held at 12.30pm today.

In FY20 our performance improved through the year and the strong performance of the second half has been maintained in the first four months of FY21. Revenue is approximately 50% ahead of the comparative period to 31 January 2020 with all areas of the business performing well.

Investment Banking revenues have continued to be strong despite the absence of COVID-related fund raising activity in the period. Average deal fees have increased due to a number of high value Capital Markets transactions, both public and private, in the Technology and Digital Consumer sectors where Numis benefits from a strong client base and a network of international growth investors. Advisory revenues are ahead of the comparative period and the outlook for further UK M&A activity appears positive.

Vaccine related news flow and a Brexit deal have contributed to a favourable environment for the Equities business which has delivered both consistently strong trading profits, and Institutional Income ahead of the comparative period. As previously indicated, Brexit will have a minimal impact on our financial performance in the short term, however we believe comprehensive EU market access is strategically important for the business in the longer term. Accordingly, we intend to establish an EU based office in the next 12 months.

We are well positioned to benefit from current market conditions, as demonstrated by the high volume of IPOs we have completed in recent weeks. The deal pipeline for the remaining two months of the first half is encouraging and we are focused on sustaining the positive momentum across the business.

[speedsgh] 08/2/2021 11:47

Further to post #366, Numis are acting as Sponsor, Joint Global Co-ordinator & Joint Bookrunner (alongside JP Morgan) on an IPO fundraising for Auction Technology Group plc. Admission expected in March.



The Offer will comprise new Shares to be issued by the Company (expected to raise gross proceeds of approximately £250 million) and existing Shares expected to be sold by certain existing shareholders.

[speedsgh] 04/2/2021 08:03

Numis has acted as sponsor & joint bookrunner on the IPO of Foresight Group plc (FSG). £35m raised via primary placing (issue of new shares) and £192m raised via secondary placing (sale of existing shares)...

[speedsgh] 02/2/2021 11:32

Auction Topco Limited. Expected Intention to Float on LSE main market. Further details TBC...



ATG has engaged Numis Securities Limited ("Numis") to act as Sponsor, Joint Global Co-ordinator and Joint Bookrunner and J.P. Morgan Securities plc ("J.P. Morgan") to act as Joint Global Co-ordinator, Joint Bookrunner and Stabilising Manager, in the event the IPO proceeds.

[speedsgh] 02/2/2021 11:21

Numis has acted as joint bookrunner on the IPO of Moonpig Group plc (MOON). £20m raised via primary placing (issue of new shares) and £471.2m via secondary placing (sale of existing shares)...

[speedsgh] 29/1/2021 13:15

Hi ItO. Relatively quiet start to 2021 for Numis so far (although it is still early doors). Having said that, 2020 also started quietly but they then benefited massively in CY20 Q2/Q3 from companies raising money to repair balance sheets and take advantage of opportunities. My crystal ball doesn't do price predictions but they ought to benefit if the trend for M&A and IPOs continues. Remains to be seen if they can match 2020 however. Seems fairly priced for now based on current evidence in the public domain.

2021 to date:
Knights Group Holdings (KGH) - £62.40m - Placing (secondary)
VH Global Sustainable Energy Opportunities plc - £242.60m - Placing (IPO)
Clipper Logistics (CLG) £62.20m - Placing
Moonpig Group plc - TBC - Placing (IPO)
Foresight Group Holdings Ltd - TBC - Placing (IPO)

I rate Numis but do not currently hold. Am happy to wait for a better entry point in the future. Plenty of other fish in the sea in the meantime. AIMHO

[its the oxman] 29/1/2021 10:51

Nice updates speedsgh, what's your view on this activity and upside for num. Feel we should be pushing 400p myself and co very well positioned for recovering markets.

[speedsgh] 29/1/2021 10:20

Numis are acting as Sole Bookrunner on a £62.4m secondary placing for Knights Group Holdings (KGH)...

[speedsgh] 28/1/2021 17:44

Numis has acted as Sponsor & Bookrunner on an IPO fundraising for VH Global Sustainable Energy Opportunities plc (GSEO), successfully raising £242.6m (against an initial target of £400m)...

[speedsgh] 15/1/2021 18:48

Numis and Shore Capital have acted as Joint Bookrunners in connection with a £62.2m placing of existing shares in Clipper Logistics (CLG)...

[speedsgh] 05/1/2021 12:58

Numis has been engaged (alongside Jefferies International) as Joint Global Coordinator, Joint Bookrunner and Sole Sponsor on the expected IPO of Foresight Group. The expected offer would primarily comprise a sale of shares by existing shareholders with a smaller offering of new shares to be issued by the Company...

[deadly] 04/1/2021 16:39

Given the trading performance, this is now a bargain.

[saurish] 30/12/2020 19:44

6% down on 4X daily average volume. Am I missing something?

[deadly] 30/12/2020 18:18

6% down today. Brexit deal doing nothing for it.

[speedsgh] 11/12/2020 07:53

Numis is acting as Sole Sponsor, Financial Adviser, Sole Global Co-Ordinator & Sole Bookrunner on an IPO offer to raise £352.4m for Bytes Technology Group (BYIT)...

[speedsgh] 10/12/2020 11:58

Latest Edison research note...

Very strong result in exceptional circumstances -

[its the oxman] 10/12/2020 10:13

Guess this is more the work and size of co they want on their books.

[speedsgh] 10/12/2020 08:12

Numis is acting as joint broker, alongisde UBS, on a £180m placing/retail offer (via Primary Bid) for Electrocomponents (ECM)...

[molatovkid] 08/12/2020 09:13

Interesting....Finncap do! Take a look at their last results.

I'm not an expert of Numis history I must confess.

[spooky] 08/12/2020 09:09

That's exactly the part of the market they have just extricated themselves from.