Cavendish Financial Share Discussion Threads

[rock star] 26/11/2023 07:12

In addition to my above comment about needing to ban short selling to get rid of the AIM bandits it also requires a change in attitude of the fund managers.

Historically on AIM placements have happened at big discounts on AIM where Funds have taken stock at low levels and then fed out stock to retail investors at higher prices. Many funds have seen it as a way to make short term profits not making medium term investments.

Herald Investment Trust, North Atlantic Smaller Cos and to a lesser extent Premier Milton are the only funds I know of that take a 5-10 year view. Other fund managers are too obsessed in short term performance to keep their jobs and pay for their kids private education.

The Brokers short also make research reports available for free to Private Investors after 2 weeks or a month to encourage investors.

I think all AIM investments held for 2 years should be CGT free.

AIM would benefit from a change back to the Market Maker only system for sub £100m Companies.

Unless these issues are addressed AIM will continue its decline IMO.

The Nomads/Brokers need to drive these changes to survive and create a positive and vibrant market.

One of the main reasons AIM Companies fail is they don’t raise sufficient capital- unlike their US peers.

[quepassa] 24/11/2023 12:14

ticking back up slowly but steadily.

[nigelpm] 17/11/2023 09:18

You've not explained why banning short selling would help.

[rock star] 17/11/2023 05:52

When I see AIM CEO’s like Julian Morse, Adam Pollock, Charles Hall talking (panicking) about the lack of investment into AIM and smaller companies in general I believe they need to look at the structure of the AIM market as whole.

Yes, EIS helped a lot but really what then need to do is create a positive environment so you get rid of the dodgy underworld that has plagued AIM.

The biggest single thing that would help to do that would be to ban short selling on AIM. If they were to do that you would suddenly see a huge uplift in sentiment. That would have a bigger impact than any Govt policy change imo.

If the likes of Peel Hunt, Cavendish, Oberon can’t see that then they deserve to go bust IMHO.

[quepassa] 15/11/2023 10:36

The USA smallcap Russell Index was up a whopping 5.4% yesterday.

Lots of talk about much improving investor sentiment in the States for the smallcap sector.


If that happens - as seems likely- the UK will takes its lead from Wall Street and follow through.

Darkest before the Dawn.


ALL IMO. DYOR.
QP

[piperpeter] 03/11/2023 14:41

Indeed.

Pp.

[value hound] 03/11/2023 12:37

Up over 18% on the day - and no posts. That's when you know it's a true value stock :-)

[nigelpm] 02/11/2023 14:10

It doesn't make any sense. Short sellers are merely taking a position in a stock in the same way a buyer is. If they are wrong they are subject to large losses - bigger than their stake.

[rock star] 02/11/2023 10:06

A lot….it has destroyed the market….it doesn’t take rocket science to figure it out.

[nigelpm] 01/11/2023 09:17

What has short selling got to do with anything?

[rock star] 01/11/2023 09:05

Cenkos and FinnCap should have worked harder with the regulators to ban short selling on AIM and also take action against the small group of “dark forces” that have operated in the background for the last 20 years and severely damaged the markets reputation.

This arguably is the biggest single failing of both businesses.


As it is AIM is uninvestable and the newly formed Cavendish has limited time to turn things around…especially when the cost of capital has gone up dramatically.

[nigelpm] 19/10/2023 11:49

Something is really not right here.

Hopefully it's just market anomaly.

[quepassa] 19/10/2023 10:57

At today's mid price of 6.35p, the current MARKET CAP of Cavendish is just c £23.55 million.

The last known pre-merger cash positions were as follows:-

Cenkos as at 13/12/22 £14.2m

FinnCap as at 30/6/23 £9.1m


Even allowing for dividends and other merger related expenses, this share remains heavily cash-backed at its current highly depressed price.


The debut Cavendish Trading Update released less than a month ago on 29/9 sounded promising, relatively upbeat and referenced several significant transactions post-merger.




ALL IMO. DYOR.
QP

[nigelpm] 06/10/2023 20:50

Yes. Look very cheap to me also. Been a torrid time in small caps so guess sentiment driving valuation right now but a good long term call.

[fizzypop] 05/10/2023 14:46

Illiquid as they come. I dumped 32,000 shares showing 7.50p, sold at 6.80p by MM on Fill or Kill as could not sell on open market.

[charo] 04/10/2023 11:30

More likely to be a disaster.
Joint CEO tea s rarely work.
Blood will be let.

[arthur_lame_stocks] 03/10/2023 03:06

Personally I believe these shares are good value at the current price. They should be trading at a discount to NTAV, NCA and net cash with plenty of scope to pay for restructuring without ruining those metrics.

Eventually the market will recover and when it does I think we can look forward to this company making bumper profits.

I'll be a buyer if and when the STM takeover goes through and I may have some investing cash.

[arthur_lame_stocks] 03/10/2023 03:03

I don't know if that link will work, but if so I'll kick the thread off with some slightly positive news.

[arthur_lame_stocks] 03/10/2023 03:00

Here's a new thread to discuss the company Cavendish Financial, formed by the merger of FCAP and CNKS.

[pawsnjaws] 10/9/2003 14:17

Why are no trades taking place for CAV - does anyone know..

[steveib] 10/9/2003 07:00

LONDON (AFX) - Trevor Birch, Chelsea's chief executive, is understood to be
considering his position at the west London football club following the
appointment of Manchester United PLC's Peter Kenyon to the same role, the
Financial Times reported.
The newspaper did not name its source, but said Birch is thought to be
extremely unhappy at being asked to accept an effective demotion and is expected
to conclude his position at the club has become untenable.
Employment lawyers said Birch could seek constructive dismissal. "It's
generally accepted that if somebody else is appointed to your job without your
consent this would be a repudiatory breach of contract," said Nicola Kerr, head
of employment and pensions group at SJ Berwin.
A number of top football clubs are monitoring the impact of Kenyon's
appointment at Chelsea.
Widely respected within football, Birch is a former Ernst & Young partner
whose restructuring skills are widely credited with rescuing Chelsea from
administration last season. He could expect a number of job offers if he
departs, the newspaper said.

ml/rn

[marquis] 25/7/2003 00:35

Recalling the posting made:

Marquis - 03 Jul'03 - 16:03 - 73 of 82 edit

It might be worth reading this site;



This article was interesting;




There is a saying 'no smoke without fire'. So it it is interesting to note the following developments;

LONDON (AFX) - The Financial Services Authority said it is to launch an investigation into the run up to the take-over of Chelsea Village PLC by Russian billionaire Roman Abramovich but it was stressed the probe would not affect the take-over timetable. In a statement to the stock exchange, the FSA said it was conducting an enquiry "into the nature and status of certain shareholdings in Chelsea Village in the period preceding the announcement of the bid on behalf of Chelsea Ltd (Abramovich's bid vehicle). "This follows the receipt of information from a number of sources suggesting that the publicly disclosed shareholdings of certain parties may have been inaccurate." The regulator said it was "concerned that as a consequence the market may have been misled as to the true ownership of Chelsea Village" The enquiries are separate from the ongoing enquiries into various dealings in the shares of Chelsea Village ahead of the announcement of the recommended mandatory cash offer on behalf of Chelsea Ltd. In a separate statement the Takeover Panel said the enquiries are unconnected with Chelsea Ltd and will therefore not affect its offer timetable. rn


RNS Number:9051N Financial Services Authority 24 July 2003 For immediate release 24 July 2003 FSA statement re shareholdings in Chelsea Village plc The Financial Services Authority (FSA) today issued the following statement: "The FSA is conducting enquiries into the nature and status of certain shareholdings in Chelsea Village plc in the period preceding the announcement of the bid on behalf of Chelsea Limited. This follows the receipt of information from a number of sources suggesting that the publicly disclosed shareholdings of certain parties may have been inaccurate. The FSA is concerned that as a consequence the market may have been misled as to the true ownership of Chelsea Village plc. The FSA attaches great importance to the timely and accurate disclosure of information to ensure that markets operate in an efficient, orderly and clean manner. "These enquiries are separate from and in addition to the ongoing enquiries into various dealings in the shares of Chelsea Village plc ahead of the announcement of the recommended mandatory cash offer on behalf of Chelsea Limited. "The FSA is making this announcement in view of the widespread public interest in Chelsea Village plc. We do not expect that our enquiries will affect the offer timetable." This information is provided by RNS The company news service from the London Stock Exchange END


RNS Number:9050N Takeover Panel 24 July 2003 2003/19 CHELSEA VILLAGE PLC The Executive refers to today's announcement by the Financial Services Authority that it is conducting enquiries into the nature and status of certain shareholdings in Chelsea Village Plc in the period preceding the announcement of the bid on behalf of Chelsea Limited. The Executive has discussed this matter with the FSA and has agreed that, given the range of potential issues, it would be appropriate for the FSA initially to conduct the enquiries. In the event that matters come to light which fall to be considered under the City Code the Executive will, if appropriate, conduct its own enquiries at the relevant time. The Executive understands that these enquiries are unconnected with Chelsea Limited and they will therefore not affect its offer timetable. 24 July 2003 This information is provided by RNS The company news service from the London Stock Exchange END