Business
Interim Results and Dividend
Interim Results and Dividend.
About this update from Cavendish Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7501S\n finnCap Group PLC\n 18 November 2021\n \n \n \n \n finnCap Group plc (\"finnCap\" or the \"Company\")\n \n \n Interim Results and Dividend for the six months ended 30 September 2021\n \n \n Record Half Year Revenue Performance - Dividend Upgrade\n \n \n Financial Highlights\n \n \n · \n Revenue up 55% to £31.7m (H121: £20.5m)\n \n \n · \n finnCap Capital Markets revenue £15.6m (H121: £16.3m) - third best half year\n \n \n · \n finnCap Cavendish revenue up 283% to £16.1m (H121: £4.2m) - record half year\n \n \n · \n Adjusted PBT(1) of £7.2m up 67% (H121: £4.3m); \n PBT of £6.3m up 75% (H121: £3.6m)\n \n \n · \n Adjusted EPS:(1) 3.54p up 62% (H121: 2.19p); Basic EPS: 2.96p up 60% (H121: 1.85p) \n \n \n · \n Cash balances: £22.6m at 30 September 2021 (31 Mar 2021: £20.4m)\n \n \n \n H122 Operational Highlights\n \n - \n \n Record half year performance\n \n \n \n · \n Total Deal and Advisory fees up 75% to £24.9m (H121: £14.2m)\n \n \n · \n Completed 39 transactions including:\n \n \n o \n raised £250m equity through 14 public market placings and 1 IPO\n \n \n o \n advised on 13 private M&A transactions with an aggregate value of c.£1 billion\n \n \n o \n advised on 4 public company M&A transactions with an aggregate value of c.£500 million\n \n \n o \n completed 6 new debt financing mandates; c.£250 million raised\n \n \n \n \n \n · \n Investment in client service and revenue generation:\n \n \n o \n New hires in ECM and M&A execution and client service teams\n \n \n o \n Consumer Investment Banking - further team hire\n \n \n o \n Equity Sales and Trading: sales team increased to support existing client service and future growth\n \n \n o \n Equity Research: life sciences research team hire\n \n \n o \n finnCap Analytics: launched and generating incremental revenue and relationships\n \n \n o \n Origination hires to support our private M&A activity and PE coverage\n \n \n \n \n \n Current Trading\n \n \n ·\n Q3 started well with a further placing for Genedrive Plc, the completed sales of GCSEPod and Intelling by the M&A team, and the IPO of Eneraqua plc raising £20m - due to complete in the next few days\n \n \n · \n Deal pipeline remains solid with further potential IPO...