Numis (NUM)

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Numis NUM Logo

A leading independent corporate advisory and stockbroking group offering a full range of research, execution, corporate broking and advisory services to companies and their investors.

6-Dec-2017 – 307.75p – £329.2m – PER 14.0

Preliminary Results For The 6 Months To End September 2017 – The kind of update I would expect from this company – Revenue, PBT and EPS all up 16%+ with record share repurchasing of £22.9m. The Dividend is flat at 12p (a well covered yield of 4% or so). Pipeline is strong and trading has started well heading into 2018.

Still like the look of this company, nice all round growth – Kicking myself again for not getting in earlier in the year and it remains on my Watchlist.

Subsequently revised Watchlist price, 310p.

6-Feb-2018 – 326p – £351.8m – PER 11.9

Trading Update For The Period From 1 October 2017 – “A very strong start to the year, with revenues significantly ahead of the comparable period last year” and the current pipeline is promising although conversion will of course be dependent on favourable market conditions.

Still like this, it remains on my Watchlist, 310p.

29-Mar-2018 – 359.5p – £386.0m – PER 13.0

Trading Update For The 6 Months To End March 2018 – Bullish but not as bullish as previous, H1 expected to be significantly ahead of H1 last year but below the impressive previous 6 months.Strong near term pipeline of opportunities.

Had my eye on this one for a while and it’s on my Watchlist at 310p, I think I’ll just leave it there for now.

4-May-2018 – 410p – £439.2m – PER 14.8

Results For The 6 Months To End March 2018 – Crazy stuff! Income up 38% to £74.5m (2017: £53.8m) and PBT up 86% to £19.5m (2017: £10.5m) and there’s Cash balances of £82.5m (2017: £71.2m). Look forward to H2 with confidence.

Remains on my Watchlist at 310p and kicking myself for the many times I could have got in on the breakout to new highs here – 3 or 4 times this past 12 months. May well consider paying up, it not, raise my Watchlist price to 380p.

Subsequent Note: Paid up here this morning – Now Long.

Subsequent note: Soon after I decided to actually get out here with a small loss. Just decided I had made a mistake getting involved in a company with “lumpy” revenue.

Check Numis fundamentals on Stockopedia
Check Numis updates & news on Research Tree

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