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Northland Capital say “there is considerable scope” for Octagonal PLC

Northland Capital partners view on Octagonal PLC : Strong start to FY16 with growth in total settled transactions and the addition of new clients. The majority of GIS’s business is derived from settlement and safe custody services and there is considerable scope to grow both these revenues and its ancillary services.

From yesterday: Strong Q1 revenue growth
n  Following the Q1 KPI update (07/07/15), management has provided a financial update for Global Investment Strategy UK (GIS), its global settlement and safe custody services subsidiary where it acquired 90% outstanding stake at the end of June. Q1 revenue was £1.34m and net operating profit was £0.5m. There was a 50.3% increase in total settled transactions in Q1 to more than 30,000 and more than 120 new clients were added.

n  GIS had FY15 revenue of £3.3m, representing 30% growth, and generated an £0.5m operating profit.
 
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