Edinburgh-based fintech Nucleus Monetary Group has delayed the publication of its 2019 annual outcomes however mentioned its efficiency is predicted to satisfy market expectations.
Monday, 23rd March 2020, 9:02 pm
The agency mentioned it famous the FCA’s steering requesting that listed corporations delay the announcement of preliminary outcomes for a minimum of two weeks as a result of challenges brought on by the Covid-19 disaster. Nucleus had been set to replace traders on 24 March.
The enterprise mentioned the optimistic influx momentum from the fourth quarter continued into 2020, and there was restricted impression from Covid-19 on flows thus far.
To finish-February, year-to-date gross inflows had been up 35 per cent and web inflows had been up 132 per cent on the equal interval in 2019, whereas in March each gross and web inflows proceed to be properly forward of the prior yr, it mentioned.
“Nonetheless, the worth of most asset lessons has fallen significantly in March, and, as the numerous uncertainty continues, it’s too early to estimate the impression of the pandemic on Nucleus’ efficiency.”
Nucleus – which is led by founder and CEO David Ferguson – pressured that it has a “sturdy” capital construction and solvency place.
“The platform stays absolutely operational… The corporate’s efficiency in respect of the 2019 monetary yr is predicted to be in step with market consensus.”
The delay in outcomes publication follows an analogous transfer by Irn-Bru-maker AG Barr.