Published on: November 18, 2021
Record H1 performance and positive outlook
finnCap’s impressive H1 performance has enabled it to invest in the business, whilst further strengthening its cash position to £22.6m. Balance sheet strength and an encouraging outlook underpin improved dividend guidance to 1.75p per share for the current year – a prospective 4.8% gross yield. The strong performance and cash position provides further options for organic and inorganic growth. Management has reiterated revenue guidance of £45-50m for FY 2022. We have increased our revenue forecast for the current year by 2% to £48.5m, based on a positive trading outlook.