Cavendish Financial Share Discussion Threads

[hezza123] 12/2/2024 09:34

Nice print for nearly 3.5 million shares at full offer price this morning

[missdelta] 30/1/2024 10:22

Peel hunt a better bet - cavendish clients are all tiny weeny little things - and looks like the cost base is about 45m so cant see how it ever makes money

[quepassa] 27/1/2024 07:11

Friday's session was another strong day at +8.5%.

now at 12p offered ( although very hard to buy in good size)

[quepassa] 25/1/2024 16:20

strong day.

PLUS 6.5%

with more to come

[quepassa] 25/1/2024 16:11

still no live quote available.

they will only work orders for you

[quepassa] 25/1/2024 15:43

thin market.

very few shares electronically available today with firm quote

[disc0dave46] 23/1/2024 15:35

Was the merger market cap £43m?

[quepassa] 19/1/2024 07:38

selling the peaks - yes

that's why these two mergers/marriages at the trough are very interesting.

M&A in the small/mid cap sector is highly cyclical. Always has been. Always will be.

The sector has been at the bottom of the cycle for an extended period.

There are now early signs of an incipient up-cycle beginning.

Announcements from both Cavendish and Liberum/Panmure are pretty buoyant about future prospects and growing signs of a pick-up in business.

WB's old adage about "when others are fearful be greedy" applies here.

all imo. dyor.
qp

[grahamg8] 19/1/2024 07:11

Que, yes and selling the peaks.

[nigelpm] 17/1/2024 13:56

That's an interesting take. I don't have your knowledge of the sector but interesting nontheless.

[quepassa] 17/1/2024 08:01

The recent history of Panmure:-

1987 - Acquired by Nations Bank
1996 - Acquired by WestLB
2004 - Acquired by Lazard
2005 - Merged with Durlacher
2015 - Acquired by Charles Stanley
2017 - Acquired by Ellsworthy Limited (Atlas Merchant)
2024 - Merger with Liberum agreed/announced


Talk about pass-the-parcel.

The proposed Liberum-Panmure merger is likely in my view to be fraught with internecine warfare given the differing house style of each boutique.

And the immediate fallout will likely benefit other players in the sector.

Especially Cavendish.

ALL IMO. DYOR.
QP

[nigelpm] 16/1/2024 23:42

Confirmation of tie up in sector this morning - logical I guess.

[quepassa] 16/1/2024 11:26

buying the dip.

thank you. Mr. Market

[nigelpm] 08/1/2024 22:34

See if the directors come back for more

[quepassa] 08/1/2024 17:06

Agreed.

Only to be expected after such a big and rapid rise.

This however does not in any way dampen or dent my personal enthusiasm and thesis as set out above.

ALL IMO. DYOR.
QP

[disc0dave46] 08/1/2024 16:48

Some profit taking, no surprise.

[nigelpm] 04/1/2024 10:12

Yup - agreed, totally under the radar also.

[nigelpm] 19/12/2023 16:21

And 3 hours into the trading day after you are allowed to buy is "keen"

[nigelpm] 19/12/2023 16:13

Yes, that's what you'd call taking advantage of a weak reaction to excellent progress and news.

[quepassa] 19/12/2023 13:03

LOOK AT TO-DAY'S DIRECTOR BUYING.

[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.