Numis Share Discussion Threads

[speedsgh] 15/12/2022 19:01

Latest Edison update...

Diversification mitigates market downturn -

[speedsgh] 08/12/2022 17:01

Numis are acting as financial adviser to K3 Capital Group (K3C) on a possible £257m takeover by Sun Capital.

[kalai1] 08/12/2022 15:09

Numis Corporation Plc posted FY results for the year ended 30th September this morning. Revenue of £144.2m was down 33% compared to record performance in FY21 as market conditions deteriorated from highly supportive levels. Profit Before Tax (PBT) of £20.9m was down 72% reflecting operational gearing in the business. But significant progress has been made in the diversification of the business model with Record Advisory revenue for a second successive year and Geographic expansion of the business continuing with the opening of an EU office in Dublin. Valuation looks relatively attractive with forward PE at 10.5x and PS and 1.12x. But the share price remains in a near 2 year correction and the capital markets outlook undoubtedly looks challenging in the next couple of years. One to monitor for now...

...from WealthOracle

[speedsgh] 07/12/2022 15:01

Numis has acted as joint bookrunner (alongside Peel Hunt) on a secondary placing of shares in Telecom Plus (TEP). The placing raised gross proceeds of £84m for the selling shareholders.

[speedsgh] 28/11/2022 14:29

Numis are acting as sole corporate broker to Devro (DVO) on its recommended £540m takeover by Saria Nederland BV.

[speedsgh] 16/11/2022 14:00

Numis has acted as joint bookrunner (alongside JP Morgan Cazenove) on a £347.3m placing for Beazley (LSE:BEZ). An additional £3.4m was raised via a retail offer and subscription.

[speedsgh] 12/11/2022 15:23

Numis has acted as sole bookrunner on behalf of Arab Petroleum Investments Corporation on a secondary placing of shares in Ashtead Technology Holdings (LSE:AT.). The placing raised gross proceeds of £12.46m for the selling shareholder.

[powereddrones] 29/10/2022 09:27

NO:60

"I also expect AMZN to dip beneath $100. No time to be a hero, keep your cash and powder dry for the bargains to come."

It took some time to come, but it could very well happen next week.



Amazon share collapse wipes £10bn off Jeff Bezos fortune after 'nightmare' update sends shares sharply lower
Billionaire Jeff Bezos saw his fortune tumble by around £10bn
Amazon shares fell by as much as 10% on Wall Street yesterday

[speedsgh] 04/10/2022 16:41

Latest Edison update...

A subdued H2 22 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 internationally and into complementary areas should underpin its performance through market cycles...

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Valuation

The difficult market background has meant Numis’s shares and those of its peers have been weak. Year-to-date Numis is down 32%, UK peers 49% and North American and European investment banks and advisory firms 32%. The shares trade on a multiple of 13.3x relatively depressed FY23e earnings and a price to book ratio of 1.4x compared with a 10-year average of 2.1x.

[speedsgh] 30/9/2022 15:30

From today's Trading Update...



Key highlights:

· Revenue for the full year is expected to be approximately £144m, representing a decline of around 33% compared to a record period in FY21

· Record advisory revenue performance reflects continued progress in diversifying the business; strong pipeline and the outlook for M&A revenues remains positive

· Uncertain global economic environment has caused capital markets activity to remain subdued throughout H2

· Following regulatory approval, Dublin office is operational and trading with a growing list of EU-based institutional clients...

... Outlook

Our near term M&A pipeline is strong and we are currently acting as financial adviser on nine announced public bids with an average transaction value of more than £1.5bn. However, the macro-economic and geo-political environment remain highly volatile and predicting the timing of any improvement in capital markets activity is very difficult. We remain committed to executing our long term corporate strategy to diversify our revenue streams which, combined with a strong balance sheet, supports our ability to deliver consistent returns to shareholders across the cycle. Consistent with previous periods of market volatility we will continue to invest in talent pursuant to our strategy.

[speedsgh] 29/9/2022 14:44

Numis are acting as joint financial adviser (alongside Rothschild & Co and HSBC) to Biffa (BIFF) on its recommended £1.3bn takeover by Bears Bidco Ltd.

[speedsgh] 21/9/2022 15:30

Numis are acting as joint financial adviser (alongside Lazard & J.P. Morgan Cazenove) to Aveva Group (AVV) on its recommended takeover by Schneider Electric.

[speedsgh] 07/9/2022 13:58

Numis are acting as joint financial adviser (alongside Rothschild & Co and Barclays) to Countryside Partnerships (CSP) on its recommended £1.25bn takeover by Vistry.

[speedsgh] 28/8/2022 09:27

Numis are acting as joint financial adviser (alongside Goldman Sachs & Jefferies International) to Micro Focus International (MCRO) on its recommended takeover by OpenText Corporation.

[speedsgh] 04/8/2022 14:42

More recent news...

Numis is acting as corporate broker to Euromoney Institutional Investor (ERM) on their recommended takeover by Becketts Bidco Ltd, which values Euromoney at £1.661bn.

[powereddrones] 30/7/2022 07:04

"On another occasion, I recall waiting three weeks before starting to buy Bethlehem Steel. On April 7, 1915, it had reached its highest price on record $87*. Having observed that stocks passing a Pivotal Point gained rapidly, and being confident that Bethlehem Steel would go through 100, on April 8+ I placed my first my first order to buy and accumulated my line from $89 up to $99. The same stock sold up to a high of $117. It never halted in its upward flight except for minor reactions until April 13, or five days later, when it sold at a high of $155, a breath-taking rise. This again illustrates the rewards that go to the person who has the patience to wait for and take advantage of the Pivotal Points.

But I was not through with Bethlehem. I repeated the operation at $200 point, at the $300 point, and again at the dizzy peak of $400. Nor had I finished even then, for I had anticipated what would happen in a bear market, when the stock broke the pivotal points on the way down. I learned the main thing was to watch the follow-through as it crossed through the Pivotal Point. I found it was an easy matter for the me to turn around and get out of a position, when vitality was lacking after a stock crossed the Pivotal Point and there were many occasions when I reversed my position and went over to the short-side." p52 How To Trade In Stocks, Jesse Livermore

[powereddrones] 18/7/2022 09:27

Bitcoin has been toying with the $20K level. But the market doesn't want to go lower. We've had all this bad news, but I think there isn't any more they can push this market down.

Bitcoin now soaring at $22K... I don't like calling bottoms, but I think the bottom is in.

GL all.

[speedsgh] 13/7/2022 13:57

Some recent news...

Numis is acting as joint financial adviser (alongside Panmure Gordon) to CareTech Holdings (CTH) on their recommended takeover by Amalfi Bidco Ltd, which values CareTech at £870.3m.



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Further to post #528, Numis has acted as joint bookrunner (alongside Alvarium Securities) on a placing/open offer/offer for subscription to raise £122m for VH Global Sustainable Energy Opportunities (GSEO) against an initial target of £150m.



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Numis has acted as sole bookrunner on a secondary placing of shares in GB Group (GBG) raising gross proceeds of £20m.



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Numis has acted as sole bookrunner on a secondary placing of shares in Ashtead Technology Holdings (AT.) raising gross proceeds of £20m.



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Numis has acted as joint bookrunner (alongside Jefferies International) on a £37.3m placing for AO World (AO.).

[deadly] 06/7/2022 08:57

Good RNS:

- Q3 revenue was in excess of GBP40m, which is ahead of the first half run-rate and reflects a strong improvement on the Q2 revenue performance

-- A favourable M&A environment has driven performance in investment banking and into H2, the M&A pipeline of both announced and possible transactions remains strong; equities and equity capital markets (ECM) continue to be affected by macro-themes

-- European license granted, enabling greater interaction with EU-based institutional investors through Dublin office and facilitating future participation in EU ECM transactions

-- While equity market and capital raising conditions continue to be challenging, the outlook remains in-line with market expectations for the full year

[powereddrones] 19/6/2022 06:16

Bitcoin is weak over the weekend. It is at $18k as I write, and didn't hold at $20k. I expect more pain in the markets this coming week. Bitcoin has been a good indicator of what's to come.

I also expect AMZN to dip beneath $100. No time to be a hero, keep your cash and powder dry for the bargains to come.

SIGA tech appears to be holding up well during this bear market, as monkey pox cases still continue to rise, and the CDC starts to get more and more concerned.

Oil dips a bit on fears of recession, but the bull trend is still intact, and I feel this is a add the dip moment, although oil and oil stocks may soften a little more.

Biden has taken a fall on his bicycle this weekend, perhaps its an omen or it heralds a big fall in the markets. Maybe the NASDAQ will be beneath 10,000 pts next week. I have my short as a hedge, and its in the money, running.

Do your own research, no investment advice. I've been in the markets for over 20 years. This is the big one.

You don't have to be mad to work here, but it certainly helps.

[speedsgh] 16/6/2022 10:21

Further to post #529, Numis has acted as joint bookrunner (alongside Barclays) on a upsized placing/open offer/management subscription to raise USD125m for Randall & Quilter Investment Holdings (RQIH).

[powereddrones] 13/6/2022 10:06

BTC down to $24K as I write. Fear out there, growing.

[speedsgh] 13/6/2022 07:33

Numis is acting as joint bookrunner (alongside Barclays) on a placing/open offer/management subscription to raise a minimum of USD100m for Randall & Quilter Investment Holdings (RQIH).

[powereddrones] 12/6/2022 06:03

BTC has held $30K for some time now.

But this morning it has reacted (a bit delayed) to the inflation data. 8.6%, which is a 40 year high.

BTC is at $28.5K

I think as BTC has been leading the market, so we might see blood in the markets on Monday....

I'll be back later this afternoon, and see if BTC has recovered, but I don't think it will this time.

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Brent Crude has been above $100 for some time. The next significant level is probably $125.