We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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
|
|
|---|---|---|---|---|---|
| 0.25 | 2.56% | 10.00 | 827,734 | 16:35:10 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 9.50 | 10.00 | 10.00 | 9.75 | 9.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investment Advice | 48.09M | -3.55M | -0.0092 | -10.60 | 37.6M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:10 | UT | 4,150 | 10.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 07/10/2024 | 07:00 | UK RNS | Cavendish Financial PLC Half Year Trading Update: Profitable First Half |
| 24/9/2024 | 09:20 | UK RNS | Cavendish Financial PLC Intended Purchases of Shares by EBT |
| 16/9/2024 | 12:42 | UK RNS | Cavendish Financial PLC Result of AGM |
| 16/9/2024 | 09:09 | UK RNS | Cavendish Financial PLC AGM Trading Statement |
| 06/9/2024 | 07:00 | UK RNS | Cavendish Financial PLC Rule 19.6(c) Confirmation |
| 15/8/2024 | 15:00 | UK RNS | Cavendish Financial PLC Directors Dealings |
| 01/8/2024 | 08:44 | UK RNS | Cavendish Financial PLC Posting of Annual Report and Notice of AGM |
| 26/7/2024 | 07:00 | UK RNS | Cavendish Financial PLC Total Voting Rights |
| 18/7/2024 | 16:33 | UK RNS | Cavendish Financial PLC Director Dealings |
| 15/7/2024 | 19:36 | ALNC |  EARNINGS AND TRADING: Genedrive in FDA boost; Bango revenue rises |
Cavendish Financial (CAV) Share Charts1 Year Cavendish Financial Chart |
|
1 Month Cavendish Financial Chart |
Intraday Cavendish Financial Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/10/2024 | 10:11 | Cavendish Financial - FCAP and CNKS | 138 |
| 20/9/2007 | 06:23 | Chelsea Supporter | 27 |
| 10/9/2003 | 14:17 | Are CHELSEA heading for BANKRUPTCY? | 85 |
| 21/7/2003 | 07:41 | Chelsea Village Sold ? | 29 |
| 17/10/2002 | 17:02 | KEn Bates out of Chelsea | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-10-07 15:35:10 | 10.00 | 4,150 | 415.00 | UT |
| 2024-10-07 15:21:09 | 9.94 | 25,000 | 2,485.00 | O |
| 2024-10-07 15:13:16 | 10.00 | 12 | 1.20 | O |
| 2024-10-07 15:13:16 | 10.00 | 3,499 | 349.90 | O |
| 2024-10-07 15:13:03 | 9.76 | 21,500 | 2,097.33 | O |
| Top Posts |
|---|
Posted at 07/10/2024 09:20 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 9.75p.Cavendish Financial currently has 385,689,620 shares in issue. The market capitalisation of Cavendish Financial is £37,604,738. Cavendish Financial has a price to earnings ratio (PE ratio) of -10.60. This morning CAV shares opened at 9.75p |
Posted at 07/10/2024 07:38 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) |
Posted at 10/9/2024 21:21 by fenners66 disc0 - I don't know how to explain "annualised" any betterLet me try again This time lets use an increase rather than a saving... You have a Broadband contract and in July they increase it by £3 a month By the end of that year its cost you 6x3 = 18 more But that was all in the second half of the year The "annualised" cost is 2 x £18 so £36 But since there was only half a year left in that year when they added the cost - the second half of that annualised cost goes into next year.. BUT the crucial point is the first half of the next year costs you exactly the same as the second half of the first year. There is NO difference between the two halves. And so to CAV the first half of 2025 would be the same (from a cost saving pov) as the second half of 2024 And they made £374k So either they find NEW cost savings - and they say in the accounts there may be some small savings or they have to massively raise the revenue - but they already did that and your broker note has revenue declining. My number for revenue is not £69m - that is just 2x second half of 2024 - have they / are they going to be that busy ? |
Posted at 10/9/2024 13:52 by fenners66 So disc0I have done a little more reading and analysis. When they published the full finals they did not include the second half so have calculated it. Read (some of ) the 2023 and 2024 reports There are shall we say inconsistencies, maybe more so with the 2023 numbers produced by the ex CFO , who moved to (my guess) the non-post of COO and then left - as the previous COO left last year. Maybe the new CFO is going to be more aggressive on costs - but still has a long way to go. For instance from the 2023 - "In FY23, we paid an employee compensation ratio in excess of previous years to reward key contributors, particularly in M&A where divisional performance was good. We also want to retain employees so we can capitalise on revenue opportunities in the future. " (69%) But 2024 was 76.3% ! Note that INCLUDES share based payments which they choose to exclude from their metric - oh and guess what in 2024 the element of share based payments rose 202% - no wonder they want to exlcude it. So if 69%was really high - it was actually 72.7% how is 76.3% reflective of restructuring ? To be fair the employee cost as a % of revenue was 88.7% in the first half and 71.6% in the second ... The other problem around headcount is its quoted as "average" both at the half year and finals. It raises by 20 in the finals number so actually that looks like an increase of 40 in the second half. That means average cost only rose from £75k to £126k each not the £207k as the average of the whole year but the cost is massive. So getting to the point re cost savings : They mention an "annualised" £7m of savings - that has suggested £3.5m to come , however by that definition the £3.5m is already in the second half. So really its what would 2x second half actually look like ? Here we can calculate 71.6% of revenue as labour cost and (before non -recurring ) other admin is 26.7% add in operating costs of 0.6% and you get 98.9% of reevenue - before finance costs/income and losses from associates By my reckoning they burned through £3m of the cash they "acquired" in the second half so I would expect interest received to fall Then they plan to pay a dividend so I reckon they will be standing still at a "small profit" around £350k in the first half Should the directors and admin staff get a pay rise that may disappear So in order to actually make a profit its going to have to be from a revenue increase. Revenue in the second half was 160% higher than the first half and staff cost was still 71.6% of that so maybe 30% of any increase in turnover to pass through. This does look better than my first look , the second half being so much better than the first half but the question now becomes can they beat the £34.7m of second half revenue in both halves this year etc... ? In summary I think they have a very expensive organisation that has had lots of acquired cash to pay off the directors , they have staggered this and added cost and now look to pay a small dividend that was not supported by the earnings. They could be surmising that thinks are going to get better and reveunue will improve or they could be spending the cash whilst they have it. So its back to the economic backdrop - next budget , market moves etc. Place your bets. |
Posted at 06/9/2024 13:14 by fenners66 disco - so I have had a brief look at the Published accounts - started about 10 mins ago.Thoughts Staff costs stated as being 73% of turnover up from 69% However looking at the employee numbers there was no change in the corporate broking and finance or admin The additions came from sales and trading +18 and research +4 So arguably those that are needed to increase turnover and not the fixed overhead (other than the massive increase in directors pay , which some may describe as overhead...) Employee costs rose 58% ! Will the directors rein back - unlikely their cost rose 135% ! Which means that in order to get millions more in turnover its likely that the 73% cost of revenue is going to hold for a marginal cost. They increased revenue in the last year by 32% and the loss trading loss doubled +103% They mention staff retention as a reason for paying so high .... so they are going to continue? Assuming that further turnover gained is going to be profitable and adds no more overhead ...(really?) then in order to turn that loss to a profit at 27% they will need to increase turnover by another 32% Add in some cost savings and it can turn around - but they have had 2 years of non-recurring or reorganisation costs and the admin headcount has not changed this year. Markets at an all time high so trading should have been good - bring a company to market when times are good and all that. So what if there is a turndown and higher taxes from the new govt ? Is that a market for 32%+ growth ? IF they deliver all of that then the share could rise. But I would doubt they will make much profit next year. The directors stand to gain a lot of shares from their options and bonuses Cavendish Sec Employee Benefit Trust owns 7.2% and is the largest shareholder... - looks very generous so a dividend to them in future would be welcome. Note also the FD made reference to cash balances - "Our cash balances have increased 120% during the year, despite the cost of the merger and given the firm’s positive financial trajectory the Board is recommending a dividend of 0.25 pence for FY24" Yeah because you bought it ! So they have some cash to pay dividends ....unless or until it runs out. In summary - not convinced. |
Posted at 15/7/2024 13:57 by fenners66 Funny you should mention about ".if you are a backwards looking/ hind-sight sort of person, this is no place for you and you should sell now and invest elsewhere."However if I was a forward looking , read and understand the detail kind of person, I would already have sold a long while back (at a much higher share price) and invested elsewhere..... It's actually one of those two options I took. Clue its not option 1.... |
Posted at 14/7/2024 21:22 by adamb1978 Been on my watch list for a while and finally start to go through the numbers. Interested in views on what level margins CAV could get to when at scale.When I've looked back at the two predecessor entities, 15%-20% EBIT margin looks like was the peak, however PEEL generate margins way in excess of that, sometimes north of 50%. What's the difference in business composition etc which drives that? Or is it just scale? Thanks Adam |
Posted at 05/4/2024 09:56 by rock star I think all the junior brokers are fighting for survival. Solittle liquidity in the AIM market Companies have to ask why be quoted. It needs a rethink. Stop shorting on AIM is a sensible first step to stop the marginal seller being the price setter in placings. Amazing the chiefs at the AIM brokers haven’t figured this out yet as ultimately it is destroying their businesses. |
Posted at 04/4/2024 09:04 by quepassa 1.that's exactly what you want, isn't it? finding and buying something which is totally off the radar, with small volumes at present. ...and you wait for it to come back on the investor radar - and that's when volumes will jump 2. market cap £39 million. cash £21 million ( up from £12m) ....meaning this share is MORE than 50% cash-backed 3. Very buoyant outlook for private M&A Fantastic synergy savings 4. Significantly ahead on Revenues compared to pro-forma figures. Looking promising. Very promising. all imo. dyor. qp |
Posted at 20/2/2024 06:07 by quepassa Staff incentivisation schemes are a powerful tool to motivate the workforce.Yesterday's announcements are very encouraging. De minimis dilution to shareholders for what is a very sound, tried-and-tested plan to retain and create a highly motivated workforce. And those share price targets for additional staff bonus shares are what investors should really be focusing on. The targets are based on share price performance - not other metrics. - The share price targets are not set without due care and attention and a belief that they are achievable! A great step for Cavendish, staff and shareholders alike. This is good news. ALL IMO. DYOR. QP |
Posted at 19/2/2024 17:01 by grahamg8 Snouts in the trough again. Let's get this straight the combined offer to staff is going to cost around £2m of shareholders money without any performance or share price improvement. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
