finnCap’s AGM statement reflects another strong period of trading. It confirms that the Group’s performance so far in its current financial year puts the trend for revenues slightly above the top of its guidance range of £40m - £50m for the full year. In particular, CEO Sam Smith highlights finnCap’s robust M&A performance both in private and public markets. Management remains confident of delivering a result consistent with its full year expectations. We also note that the Group continues to take advantage of its strong financial position to invest in product diversification and further growth opportunities. The Board expects to pay dividends of at least 1.6p in FY 2022E. With a post-close update on revenue scheduled for early October, we are leaving our estimates unchanged at present.
23 Sep 2021
Strong trading and a robust balance sheet
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Strong trading and a robust balance sheet
Cavendish Financial PLC (CAV:LON) | 10.5 0 1.0% | Mkt Cap: 40.4m
- Published:
23 Sep 2021 -
Author:
Ian Poulter -
Pages:
3
finnCap’s AGM statement reflects another strong period of trading. It confirms that the Group’s performance so far in its current financial year puts the trend for revenues slightly above the top of its guidance range of £40m - £50m for the full year. In particular, CEO Sam Smith highlights finnCap’s robust M&A performance both in private and public markets. Management remains confident of delivering a result consistent with its full year expectations. We also note that the Group continues to take advantage of its strong financial position to invest in product diversification and further growth opportunities. The Board expects to pay dividends of at least 1.6p in FY 2022E. With a post-close update on revenue scheduled for early October, we are leaving our estimates unchanged at present.