As would be expected, Numis’s first-half trading has been affected by the uncertain UK political background, but it has seen a pick-up in corporate transactions in March and the pipeline of potential deals has also increased. This should provide an encouraging starting point once greater certainty and business confidence return. On this basis, we still look for a stronger second half but have reduced our estimates to reflect conditions in the first half.
02 Apr 2019
Numis Corporation - Tough H1 background but strong market share gains
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Numis Corporation - Tough H1 background but strong market share gains
- Published:
02 Apr 2019 -
Author:
Andrew Mitchell -
Pages:
5
As would be expected, Numis’s first-half trading has been affected by the uncertain UK political background, but it has seen a pick-up in corporate transactions in March and the pipeline of potential deals has also increased. This should provide an encouraging starting point once greater certainty and business confidence return. On this basis, we still look for a stronger second half but have reduced our estimates to reflect conditions in the first half.