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Anybody know the reason(s) why Numis keeps buying back its' own shares?. Also what may happen to share price should the market turn bearish?, which surely it must do sometime in the not far future. Will the likely increase in interest rates either next month or in December have an effect on the share price?. Sitting on the sidelines with this on my watchlist. Since Anders Holch Povlsen bought a stake the share price has pretty much stayed where it is. Regards CM
Not invested here, but checking things out after Robbie Burns (The Naked Trader) article: "Numis (NUM) also came up, a suggestion from Andy. Interesting one. A very strong trading update this week with profits forecast to grow nicely. The company reports the second half the best on record. Meanwhile a Dutch fashion magnate has taken an 11% stake raising speculation it could shortly be a takeover target as the last independent broker in the city. Anders Holch Povlsen who owns near 30% of Asos and lots of other brands spent �30m on the stake in Numis. Given he is not exactly stupid he wouldn't be buying unless he saw lots of upside one way or another so looks like one to be in and await developments! Could be some very nice upside indeed." Regards CM PS Very quiet board - usually a healthy sign.
Anders Holch Povlsen suddenly has a 11.26% stake in NUM. What are his plans? Simply a trading investment? He holds 29% ASC.
Nice http://www.efinancialnews.com/story/2016-09-08/numis-jp-morgan-micro-focus-hewlett-packard
Some huge buys have gone through today. It is funny how the price dropped just before they were made.
Who knows. At least the company keeps buying.
Yes, I agree. that it may be a little early to report the effects publicly My point is that the share purchases (Again today) do suggest that the company feels fairly confident with its present outlook.
They have been purchasing their own shares for months now. Have now reached over 4%. Surely this would not be the case if trading was poor post Brexit?
Looks like a good time to pick some up, SP was trading in the 240-260 most of last year.
Numis is one of the slow plodder divi cows in my portfolio. Nice to read that management have the confidence to re-purchase shares for the company. Do we know if there'll be many more?
I see that Numis will be reporting their H1 results tomorrow. Should be positive given the client wins so far. Let's hope share price will show a turn for the better.
Numis defends its backing for Elliott: The broking house working for Elliott Advisors in its challenge to Alliance Trust has defended its support for Elliott.
Buchan the trend: James Buchan’s books feature plucky British heroes who are not above a spot of poaching. There is more than a dash of that in Oliver Hemsley, Chief Executive of Numis and a fan of the adventure writer. The broking group has dodged the bullets that finished off some other mid-cap brokers. Pretax profits of £24.4 million announced on Thursday were up 8% on the year and the highest since 2007. Survivors need to be. Shares in Numis are down 31% from March, when the outlook was better for the initial public offerings whose fees bolster Numis’s revenues. Moreover equity research, at which Numis excels, is set for a regulatory shake-up seek to stop fund Managers passing on costs. At least Mr Hemsley, who owns 8% of Numis, only has to contend with Martin Wheatley, zealous Boss of the Financial Conduct Authority. The protagonists of Buchan’s ripping yarns fought it out with trigger-happy gamekeepers and Bolshevik spies.
City poised for wave of flotations after summer lull: The City is gearing up for another float frenzy with a wave of listings expected to be unveiled immediately after the summer lull. In the coming weeks, a raft of household names including Jimmy Choo, the upmarket shoe brand; the RAC, the breakdown service; and United Biscuits, are preparing to announce plans to go public.
indicated sells?
I did sell some at 320 but given that every entrepreneur with half a business wants to cash in via IPOs a 282p price was too tempting. This is a strong company with ironically no broker coverage. Ideal since the main forecasting metric is ones view of financial stockmarkets. i.e. no broker forecasts getting in the way
not to take financial advice of viko lol
Not much activity here. I have just come on board, very surprised to see such a negative spin back in Jan. Get out ! was the cry. Not good advise as it turns out, but I guess you don't know that at the time. Did you stay in ? Hope this turns out well. K
get out while you can
it will drop to 100.00
is this share worth a punt please? ex- divi soon. got £1200 to spend. thanks.
Stockbroking firm Numis Securities is taking over the RBS Hoare Govett Smaller Companies Index. The index will be renamed "The Numis Smaller Companies Index" with immediate effect. Although no initial consideration is being paid, Numis will be paying ongoing fees and may make royalty-based payments to the compilers of the index. The index covers over 800 companies which make up the bottom 10% of the UK market by value.
MPTIES RULE!
Nasty downtrend here, high 80's could cometh soon, nearing the bottom of the trend now...
RNS out - major interest in shares. Should see a rise. Maybe rumours are true...