Numis Corporation (NUM): Building a more divers...

Edison Investment Research Limited Numis Corporation (NUM): Building a more diversified investment bank 11-May-2022 / 07:00 GMT/BST London, UK, 11 May 2022 Numis Corporation (NUM): Building a more diversified investment bank The challenging market background in Q222 put a brake on capital markets transactions and significantly affected Numis’s first half results but also highlighted the benefits of the group’s investment in developing a more diverse service offering. Private markets revenues held up well and the mergers and acquisitions and debt advisory areas continued to make progress. The balance sheet remains strong and the group continues to focus on developing its franchise, including an increasing contribution from international transactions. Numis shares have underperformed the peers year-to-date and trade on a prospective P/E of c 10x and offer a yield of 5.7%. The price to book ratio of 1.4x compares with a 10-year average of 2.1x. A return on equity over cost of equity (ROE/COE) model suggests the current share price implies an ROE of 12.4% compared with the 18% 10-year average and our 14% forecast for FY22, a year with a relatively challenging market environment.   Click here to view the full report or here to sign up to receive research as it is published. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Andrew Mitchell [phone] [e-mail] Martyn King [phone] [e-mail] Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn  www.linkedin.com/company/edison-group-/ Twitter   www.twitter.com/Edison_Inv_Res YouTube  www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

1348681 11-May-2022