Numis Share Discussion Threads

[india93] 24/10/2005 09:08

does anybody know why the drop - anything in the sunday papers ?

[stevemarkus] 20/10/2005 18:18

Good luck to you - I hope it works out well for all of us.

[samg99] 20/10/2005 16:00

Thanks for your thoughts and info guys, particularly stevemarcus....Well I took the plunge @ 252 a little earlier. Fingers crossed and good luck to all longs, especially me ;-)

[ted1066] 19/10/2005 23:15

plus: DOW up 126pts (1st triple increase in 6 weeks)to 10,411
NASDAQ 500 up 35 pts (best one day gain in 3 mths since July 8) to 2,091
S&P 500 up 17.5pts to 1195.66
UK market over sold.

[stevemarkus] 19/10/2005 18:24

I suppose it depends on your view looking forward. If you see an overall market slowdown coming, then probably not - however bear in mind the extremely bullish trading statement a couple of weeks ago, plus significant (55M) cash balances.

[samg99] 19/10/2005 16:10

er....'scuse me for asking, but why should a stockbroker/market maker be a good buy in current market conditions??

[stevemarkus] 19/10/2005 15:57

Certainly does. Looking forward to the results.

[user] 19/10/2005 09:22

looks like a good buying opp

[kingkongsfinger] 10/10/2005 12:11

These look a bit like duffers to me

[doubleorquits] 30/9/2005 12:42

Director buying pre-close looks good as well.

[stevemarkus] 29/9/2005 15:09

Also don't forget the 'at least 55m cash' by the year end !!

[doubleorquits] 29/9/2005 14:35

SB,

I agree with you. This company certainly look as though they have some way to go and are making impressive progress on the journey.

Yesterday's update makes them look very cheap to me especially in comparison with others in the sector. The £30m ptp equates to about 20p by my calculations which in itself gives a PE of only 14 with only one day of their financial year remaining. That EPS figure beats both this year and next year forecasts by some 8% and I was already thinking that the forecast for next year appeared too low. Factor in the £55m cash and the PE drops to only 11 which is a historic figure. They are probably trading on a single digit PE for 2006. Dan statement today implies that things are still positive in the sector.

A PE of 13 (allowing for cash) implies to me that these could easily rise 50%. The market seems to like and trust them as well which is always useful!

[siskinbird] 28/9/2005 22:52

Lovely update - it's hard to find fault with this company:-

Numis Corporation PLC
28 September 2005

PRE-CLOSE PERIOD UPDATE
Numis Corporation Plc ('Numis'), the independent stockbroking and investment
banking business serving mid and small cap companies, today issued a trading
update ahead of the close period relating to the year ending 30 September 2005.

Expected Results for the Year Ended 30 September 2005

Following an exceptional period of activity amongst its corporate clients, Numis
now expects to exceed current brokers forecasts for the year ended 30 September
2005. In particular, the Board expects revenues to be more than 90 percent up
on last year and the Board believes that Profit Before Tax and Exceptional Items
is now likely to reach £30 million. The Company also expects that, following
its successful trading since the half year results and the sale of its interest
in Squaregain Limited (formerly known as comdirect), its year-end cash balance
will be in excess of £55m.

Corporate Broking and Advisory

The second half has been a busy period for existing and ne corporate clients of
the group. The number of corporate clients for whom we act has risen to 91
(2004: 73). During the period to date, our clients raised a total of £1,057m
(2004: £388m) through 35 (2004: 19) transactions, demonstrating the benefits of
building a diverse corporate client base. It is pleasing to note that over 40%
of these funds were raised on behalf of existing clients, reflecting the
strength of our corporate clientele and our relationship with institutional
investors.

Research, Sales and Trading

We have continued to expand our research of UK quoted companies. The firm has a
strong and recognised capability in more sectors than ever before, including
aerospace and defence, building and construction, engineering, environmental
systems and services, food producers, financials and insurance, leisure, life
sciences, media, mining, motor distributors, oil & gas, retail, support services
and IT.

Our sales and trading activities continue to flourish with commission rising by
over 40% over the financial year to date. Although this is an increasingly
competitive area, with greater focus on commission levels through electronic
trading, there will always be a market for independent, well-researched and
well-executed ideas that help to improve performance for our institutional
clients.

Market making at Numis is focused on client facilitation, rather than generating
proprietary trading profits, and it continues to build market presence and
goodwill for Numis, as well as a satisfactory return on capital. We now act as
market maker to over 290 stocks.

Prospects

We continue to make solid progress towards our goal of building Numis into a
leading independent corporate broking house serving high quality UK and
International mid and small cap companies. With this in mind, we have been
strengthening both our corporate broking and corporate finance departments with
high quality individuals and teams who wish to work within a growing independent
stockbroker where they can participate in the direction and success of the
business.

The second half of our year has been exceptionally active. However, market
conditions are inherently volatile and we operate in a fiercely competitive
industry where competition for clients and talented people is relentless.
Our success and future growth depends on market conditions and our ability to
continue to attract high quality clients and talented individuals. Therefore we
remain cautiously optimistic. However, we are encouraged by the growing interest
amongst overseas companies and investors in the UK stock market, a trend from
which we expect to benefit in the long term.

Enquiries:
Oliver Hemsley - Chief Executive 020 7776 1500
Bill Trent - Chief Financial Officer 020 7776 1500
Gill Ackers - Brunswick 020 7396 5382

[user] 16/8/2005 10:29

true, there's a good interest in the whole sector at the moment.

[stevemarkus] 16/8/2005 08:57

The Collins-Stewart takeover approach will also be good for the price - Numis had a bid approach last year which they rejected.

[user] 11/8/2005 10:54

a good appointment for NUM on the day before yesterday. He could be very useful in the business they are in - good contacts and experience

[user] 02/8/2005 09:41

exceptional profit of 8.6 million from the latest deal - excellent news

[user] 02/8/2005 09:39

Hi Geoff,
based on previous years, the final results are normally at the start of December and the interims at the start of March.

[geoffreya] 27/7/2005 16:47

When are the results due out user?

[user] 15/7/2005 09:07

yeah, chanced accross this share wneh it was at 160, bought and been on the up ever since. Having read their previous RNS they do seem to know what they are talking about so I intend to hold at least until results to see how they go. the chart looks lovely

[doubleorquits] 15/7/2005 07:48

SiskinBird,

I agree with that. It's not on a terribly high raring for this type of business although there are cheaper stocks in the sector. The key I guess is the trading statement which said the Company now expects to exceed current consensus forecasts for the year ended 30 September 2005.

But by how much?

[siskinbird] 14/7/2005 23:42

D or Q
Looks like a breakout to me too - this share is a real beauty.........although I'm not sure exactly why!!!

[doubleorquits] 14/7/2005 18:31

Looks like a breakout to me :0)