Cenkos Securities Share Discussion Threads

[garycook] 23/3/2016 07:38

Did not expect a further Dividend.Only 1p,but better than nothing and still CNKS Yielding over 9% with a 14p Dividend.

[cwa1] 23/3/2016 07:14

Finals out:-

[gary1966] 21/3/2016 20:01

Info is on the website.

[speedsgh] 21/3/2016 07:35

Can't imagine that conditions for IPOs/raising additional funds have been as good in Q1 2016 as they were in Q1 2015. And can't see that improving until after the referendum. Aimho.

[billiam] 20/3/2016 21:16

Have conditions improved?

[gary1966] 20/3/2016 19:23

Topvest,

Take a look at what they had done at this point last year, it wasn't much either.

Gary

[topvest] 20/3/2016 17:01

Well they need some. Looks like 2016 has been fairly slow so far. Need a big transaction now that conditions have improved.

[cwa1] 20/3/2016 15:10

Potential earner from Friday afternoon:-

[cwa1] 20/3/2016 15:10

Potential earner from Friday afternoon:-

[garycook] 17/3/2016 01:27

Looking for at least a 4p Final.But we will see in due course !!!

[speedsgh] 16/3/2016 17:17

Cenkos is always likely to be assigned a low rating by the market due to the sector in which it operates; low earnings visibility which can turn on a sixpence. They have to make hay while the sun is shining because the weather in their markets can change v quickly + earnings evaporate. That's not to say that Cenkos is not a good business (even if it does seem to court controversy). Its history of payouts to shareholders since listing is impressive. But current investment decisions on Cenkos should not be based on most recent earnings/dividend payment history which have been achieved in largely supportive markets. Aimho.

[jbat] 16/3/2016 16:47

Thanks to you speedsgh too.

I tend to think that there will be some kind of final dividend, even if it's only 2p a share, because to end the year on a second interim without even declaring a final dividend is weird - why not just bring the final dividend forward rather than having a second interim, for example?

Either way, this company seems to be some kind of money making machine, and the PE ratio is ridiculous. I'm looking for reasons to be sceptical, but not seeing many at the moment!

[speedsgh] 16/3/2016 16:04

Jbat - Cenkos haven't given any indication yet so your guess is as good as anyone else's. The second interim payment was brought forward for personal tax planning reasons (payment prior to 2015/16 tax year end as rules on dividend taxation change with effect from start of 2016/17 tax year). Whether this second interim dividend comprises what is the whole of normal final dividend or whether there might be a small top-up in the form of a final dividend remains to be seen. I am personally not expecting any further payments; that way any final dividend that is announced will be a nice surprise. Hope this helps.

[jbat] 16/3/2016 14:45

Thanks Gary!

So are we expecting a final dividend to be declared in conjunction with the final results, or is the second interim all we're getting?

[garycook] 16/3/2016 11:53

Finals usually in the first week of April last year 07/04/2015

[jbat] 16/3/2016 11:29

So we've got a second interim dividend that's already gone ex-div, but no sign of a final results release date yet, and presumably no sign of a final dividend either? Something odd going on here.

The yield on this share is fabulous, and the dividend coverage is decent, so I have to ask - what's the catch? When are the final results expected?

[speedsgh] 16/3/2016 10:27

New mandate. I believe their new client is not held in very high regard by many investors/commentators but Cenkos has evidently been appointed Nomad/corporate broker at Synety (SNTY) replacing N+1 Singer. Note that Synety are also proposing to change their name to CloudCall Group subject to shareholder approval.

Change of Adviser and Notification of Results -

SYNETY Group plc (AIM: SNTY.L) is pleased to announce the appointment of Cenkos Securities as its Nominated Adviser and Broker with immediate effect...

[speedsgh] 07/3/2016 09:45

Cenkos acting as agent on small £5.25m placing for FairFX Group (FFX)...

Proposed Placing, strategic investment by Crystal Amber Fund and 2015 trading statement -

FairFX, the low cost multi‐currency payments service, is pleased to announce a proposed placing to raise £5.25 million (before expenses), including a significant strategic investment from Crystal Amber Fund Limited ("Crystal Amber") of £5.0 million.

[robsy2] 06/3/2016 21:08

Have been having a think about this one today and am happy to hold.they are increasing their recurring revenue streams, now 20% of revenue, this is profitable stable income.The deal making side is well ..deal driven and they seem to be very good at it , i feel that even if deal making was say just 1billion gbp , 60-70 % down , you still have a company that is very profitable and cash rich . I am bullish and feel that the results after these next ones won't be so bad and could support a dividend of around 15p . hardly a disaster....
They are well positioned and so are we!
R2

[speedsgh] 03/3/2016 16:43

This looks like a possible loss of mandate for Cenkos from GCP Infrastructure Investments (GCP). They were previously Joint Broker & Financial Adviser.

Wonder if GCP Student Living (DIGS) will follow suit?

Confirmation of corporate broking arrangements -

The Board of GCP Infrastructure Investments Limited reconfirms the retention of Stifel Nicolaus Europe Limited ("Stifel") as corporate broker to the Company, acting in a sole capacity with effect from 2 March 2016. It also intends to appoint Stifel in due course as the Company's sole placing agent under a new placing programme which the Company is considering putting in place (subject to shareholder approval) to replace the existing placing programme which is due to expire on 29 March 2016.

[garycook] 23/2/2016 01:39

Topped up.

[lord gnome] 22/2/2016 12:34

LOL Salpara. Obviously 'bottom of the market' talk. Things can only get better. Still happy to hold these. The payout record has to be one of the best on the market. Just wish I could get my trade timing a bit better.

[salpara111] 22/2/2016 12:00

Well all the negative talk here has certainly helped things so please keep it up!

[speedsgh] 21/2/2016 17:23

thanks to alan@bj on the NPT thread for highlighting this which is potentially of some interest here...

Pools set for £100m float - [subscription only]

The football pools is set to become a stand-alone public company for the first time under an ambitious £100m takeover plan drawn up by a former executive.

Ian Hogg, the former chief operating officer of the pools’ owner Sportech, is in talks to create a new London-listed company to buy the institution, sources said this weekend.

Hogg has the backing of City fund managers for the takeover and is being advised by stockbroker Cenkos Securities, insiders said...