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CAV Cavendish Financial Plc

10.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cavendish Financial Plc LSE:CAV London Ordinary Share GB00BGKPX309 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.75 53,127 08:00:00
Bid Price Offer Price High Price Low Price Open Price
10.50 11.00 10.75 10.75 10.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 48.09M -3.55M -0.0092 -11.68 41.46M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:00:38 O 8,000 10.78 GBX

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Cavendish Financial Forums and Chat

Date Time Title Posts
14/11/202408:57Cavendish Financial - FCAP and CNKS 187
20/9/200705:23Chelsea Supporter27
10/9/200313:17Are CHELSEA heading for BANKRUPTCY?85
21/7/200306:41Chelsea Village Sold ?29
17/10/200216:02KEn Bates out of Chelsea3

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Cavendish Financial (CAV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:00:3910.788,000862.40O
09:30:2910.6039,8774,226.96O
08:15:5010.585,000529.00O
08:00:2810.5825026.45O
2024-11-20 16:43:5710.5847,2595,000.00O

Cavendish Financial (CAV) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Cavendish Financial Daily Update
Cavendish Financial Plc is listed in the Investment Advice sector of the London Stock Exchange with ticker CAV. The last closing price for Cavendish Financial was 10.75p.
Cavendish Financial currently has 385,689,620 shares in issue. The market capitalisation of Cavendish Financial is £41,461,634.
Cavendish Financial has a price to earnings ratio (PE ratio) of -11.68.
This morning CAV shares opened at 10.75p
Posted at 13/11/2024 10:52 by disc0dave46
Tatton Asset Management (TAM) put CAV to shame!
Their H1 share based payments only £843k, a mere 10% of their profit!. CAV 89%, says it all really IMO.
Posted at 12/11/2024 14:05 by disc0dave46
fennersYes agree re NI. I used the median salary costing £900 per employee (as per the IFS), but they will be above the median as your analysis points out.Every business will be hit by the NI increase, some here believe CAV won't be!, unbelievable.
Posted at 12/11/2024 13:27 by kenmitch
discOdave

I agree with your comments about Que Passa as posters with closed minds unwilling to see both sides of the investment case are best ignored, and even more so if they then claim to filter posters they don’t agree with. Don’t they realise there’s a plus and minus case for every share?

BUT otherwise I agree with Q P that there seems to be over emphasis on the high employee costs and Director greed. The better the team (and we have to hope the “talent” they are taking on are high quality) the more likely they are to help win a lot of new business for Cavendish.

If Cavendish optimism,as in the OUTLOOK section, proves justified, then profits and cash will flow in and dividends will increase rapidly too. This is what happened when I held Cenkos. That scenario could easily see the share price rise rapidly. After all the market cap is only around £45 million.Markets look ahead and I’m looking ahead to that hopefully happening and not back at what has happened, is well known to the Market, and so now priced in.
Posted at 12/11/2024 10:22 by disc0dave46
Thanks for the link, it works better though if you use Https instead, but will read and digest.Returns to profit - £52k!, wow some profit that on £27.7m income. Rev flat for H2 but staffing costs will be increasing as they keep taking on more highly paid talent, then there's their share based payments.A business set up for the benefit of its BoD and staff IMO.For those looking in - post 161 originally tried to fool everyone by stating that the report by Graham Neary of Stockopedia had the headline "Cavendish looks stunning value at 12p to buy". Which was completely untrue, it was a readers comment. Caught out and hastily corrected. That's how desperate this person is, beware!.
Posted at 12/11/2024 09:09 by disc0dave46
Rev flat and H2 will be 20% down compared to H2 last year.Pbt £52k on £27.7m Rev a margin of 0.18%, share based payments and increased staff costs will continue to leave the business at virtually breakeven IMO.Your postings mirror CAV's reporting style, full of BS.
Posted at 11/11/2024 17:14 by disc0dave46
CostiAgree.Their non employee savings were wiped out by staff costs which isn't going to reduce going forwards. Not with higher NI costs (estimates are that this will cost an extra £900 per employee on median average earnings), say £180k minimum for CAV, which will obliterate their reportable pbt when it kicks in in April 2025.
Posted at 11/11/2024 14:21 by costi_1672
The share based payments charge is a red flag here. Any SBP charge that exceed 10% of FCF is too much and Cavendish Financial (LON:CAV) is just a company for the benefit of its employees and directors. Year after year you will be diluted here. Shouldn't be listed really
Posted at 11/11/2024 11:46 by disc0dave46
QPCompletely false, Graham Neary has not reported anything of the sort. He's reported positively on CAV but also flagged some bear points.The quote you posted up here is from a comment by a subscriber NOT Graham.Looks like you could do a marvellous PR job for CAV!.From now on I don't believe a word you post.Folks DYOR
Posted at 11/11/2024 10:45 by fenners66
"Cavendish has started the second half well, with the H2'25 revenue run rate continuing in-line with H1'25 "

Which means that at that rate H2 will be 20.2% down on H2 24
H1 being 20.2% down on H2 24 already

They have cut their admin costs - but only enough to make just over break even
As for ignoring - "share-based payments, non-recurring items (of which there were zero in the period), share of associate profits and fair value gains on long term investments."

That's disingenuous - if you don't want share based payments in the numbers - DONT make them.
Incidently the cost is £1.579m which is 111% more than the same time last year - no wonder they want the market to ignore it.



Saying they are ignoring "share of associates profits " how could they do that ?

The figures show "Share of joint venture and associate LOSSES (135)"

Employee cost has fallen H2/24 to H1/25 (it needed to ) but is still average £100k each.

But although non-employee costs have fallen compared to H2/24 their percentage of revenue has actually increased from 26.7 % to 27.9%

Making 1p EPS and paying 3p dividend is unsustainable - but they bought a load of cash for shares in the merger so have the cash to do so.
As for producing a cash number as of 7th November that comes with no comparison for the same date and who knows how the timing of invoice and monthly payment cash flows vary from week to week....
Posted at 07/10/2024 06:38 by boonkoh
A relief that H1 was profitable, given the share price plunge recently. Good to see that they have managed to rightsize their operations to still survive and thrive in this low activity environment.But would it have hurt them to reveal a range for the profit number?FWIW the share price probably now has baked in the worse of what could come out of the Budget. But don't forget, a positive surprise could come out to, wrt small companies and growth companies. After all Starmer and Reeves are pro-growth and could provide some rabbits out of the hat...(I hold in the Boon Fund)
Cavendish Financial share price data is direct from the London Stock Exchange

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