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Share Name Share Symbol Market Type Share ISIN Share Description
Cenkos Securities Plc LSE:CNKS London Ordinary Share GB00B1FLHR07 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.74% 58.50p 57.00p 60.00p 58.50p 57.50p 57.50p 23,023 09:06:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 45.0 2.3 4.2 13.9 33.17

Cenkos Securities Share Discussion Threads

Showing 3351 to 3372 of 3375 messages
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DateSubjectAuthorDiscuss
19/6/2019
15:19
Activist turns the screw on broker Cenkos over leadership - HTTPS://twitter.com/CrystalAmberRB1/status/1141342945708302339 Some snippets from the FT article: “The board is in our view totally indecisive,” Richard Bernstein, head of Crystal Amber, told the Financial Times. “Having engaged with management, regrettably at present, there is no one within the business capable of delivering for shareholders. There is a wealth of talent outside of Cenkos that it must now access.”... The call for Cenkos to ditch its plan to bring back co-founder Jim Durkin and bolster its leadership team comes as it faces rising scrutiny of its links to Mr Woodford’s troubled operation, with which it has long had a close relationship. Mr Woodford, who is fighting to save his fund management operation after being forced to gate his biggest vehicle, invested in a string of companies brought to market by Cenkos, including Eddie Stobart Logistics, the AA and Verseon. Cenkos announced in November the plan to re-hire Mr Durkin, chief executive of the broker between 2011 and 2017, after it reported a 90 per cent drop in profits under the stewardship of his successor Anthony Hotson. But Mr Durkin has yet to return to the role seven months later. He is still awaiting regulatory approval from the Financial Conduct Authority, a process that typically takes just three months. A broker at a rival firm described the delay as “unheard of”... A spokesman for Cenkos said: “We communicate regularly with Crystal Amber as we do with all shareholders. Its views are well known to Cenkos. The company acts in the interests of all shareholders.”
speedsgh
17/6/2019
07:35
Sativa Group PLC Cenkos appointed as Corporate Adviser and Broker https://www.investegate.co.uk/sativa-group-plc--sati-/rns/cenkos-appointed-as-corporate-adviser-and-broker/201906170702074360C/
cwa1
12/6/2019
17:53
Berenberg have been appointed joint broker to Shearwater Group (SWG) alongside Cenkos, who remain Nomad. Cenkos were previously sole broker, having replaced WH Ireland in Sept 2017... HTTPS://www.investegate.co.uk/shearwater-group-plc--swg-/rns/appointment-of-berenberg-as-joint-broker/201906120700068827B/
speedsgh
08/6/2019
18:26
Meanwhile: https://www.theguardian.com/politics/2016/feb/17/brexit-benefits-neil-woodford-fund-manager-capital-economics-report hxxps://www.ftadviser.com/investments/2018/12/04/economy-will-not-suffer-from-brexit-says-woodford/ Anyone voting for Brexit .... obviously didn't care about money ..... ... and got what they voted for.
keith95
08/6/2019
18:24
"Demise of Woodford's funds would appear to be an additional blow for Cenkos" The association all became crystal clear for me with: hxxps://www.warnergoodman.co.uk/site/blog/news/employment-law-case-update-malik-v-cenkos-securities-plc and biotech investments. Never took much notice of Woodford myself but the Cenkos link was not hard to find ... ... Cenkos business model of high commission implies its best people (left) will be looking for other jobs
keith95
08/6/2019
11:31
Cenkos have also recently acted as sole broker on a subscription (£4.18m), placing (£1.25m) & open offer (£0.53m) which raised a total of £5.96m for Collagen Solutions (COS)... HTTPS://www.investegate.co.uk/collagen-sol-plc--cos-/rns/result-of-general-meeting-and-open-offer/201906051150232507B/
speedsgh
08/6/2019
11:25
Cenkos recently acted as sole broker on a £1m placing/subscription for Landore Resources (LND)... HTTPS://www.investegate.co.uk/landore-resources-ld--lnd-/rns/-1-million-fundraising/201905311629038195A/
speedsgh
23/5/2019
21:11
That's more like it!
topvest
23/5/2019
20:37
Cenkos sole Placing agent for GCP Asset Backed Income Fund Limited raising up to £66 million
tanneg
22/5/2019
10:26
Cenkos, acting as joint bookrunner alongside Berenberg, have raised £20m in a placing for Marlowe (MRL). HTTPS://www.investegate.co.uk/marlowe-plc--mrl-/rns/results-of-the-placing/201905220700047698Z/
speedsgh
20/5/2019
10:19
Back to watching and waiting then - and hoping?
lord gnome
20/5/2019
09:39
Cenkos is a rudderless ship at present. The company could do a lot worse than heed the advice of Crystal Amber who are generally smart cookies. New chairman and a clean brush required to sweep out ALL the old management? Why no predators showing interest in Cenkos in spite of the weakness of the current position? Situation will presumably resolve itself eventually but whether that is to the benefit of all shareholders remains to be seen.
speedsgh
20/5/2019
09:15
Interesting that Stockopedia indicates that the company is currently valued at £36 millions and yet it has £40 millions of net cash on the balance sheet. Valued at less than the cash it holds. I realise that this is held for regulatory purposes, but even so, if anyone can even begin to turn this around, the share price should easily double for starters. Pity is that currently, I can't see it happening.
lord gnome
20/5/2019
09:04
Crystal Amber continue to up the ante... ‘Poorly managed’ Cenkos pressured to acquire rival broker - HTTPS://www.fnlondon.com/articles/poorly-managed-cenkos-pressured-to-acquire-rival-broker-20190520 One of the City’s biggest stockbrokers has been labelled a “poorly managed business” by a large shareholder who wants it to merge with a rival, as new regulation and Brexit heap pressure on one of the oldest industries in finance. Crystal Amber, an activist investor and the fifth-largest shareholder in Cenkos Securities, has demanded the Square Mile broker buy another firm. The Aim-listed stockbroker, which arranged stock market floats for Eddie Stobart, the logistics group, in 2017 and breakdown firm AA in 2014, suffered a 25% fall in full-year revenues in 2018, compared with the year before. Richard Bernstein, investment adviser at Crystal Amber, said City’s broking sector is overcrowded. “We want Cenkos to lead consolidation. You don’t need four firms doing very similar things with four compliance departments and four rents in the City of London, you need one firm,” Bernstein told Financial News. "We’ve been having dialogue for well over a year and they [Cenkos] are not responding. We think it’s a poorly managed business. They need proper management, they need some leaders who understand business.” Bernstein’s comments come as the broking industry fights for survival amid falling commission rates, a dearth of UK initial public offerings due to Brexit uncertainty and the loss of revenues from the introduction of the Markets in Financial Instruments Directive II. The activist investor, which has held stakes in fund manager Neil Woodford’s Patient Capital Trust, banknote printer De La Rue and online retailer Ocado, is also critical of the constant change at the top of Cenkos. Last week, the broker revealed its plan to rehire former boss Jim Durkin as chief executive has been delayed unexpectedly by his failure to receive approval from the Financial Conduct Authority, the regulator. Durkin, a City veteran and a major shareholder of the brokerage, was chief executive between December 2011 and July 2017. “How did the board decide that Jim is the best candidate in the country? It was a bit like, ‘We know him and he knows us, so let’s choose him. Jim is the saviour’,” Bernstein said. “Jim is a good equity salesman and a decent man, but he’s not a business leader.” Cenkos has asked outgoing chief executive Anthony Hotson to stay until Durkin gets approval from the regulator. Hotson, a former Bank of England economist, quit in October following a 90% drop in Cenkos’s pre-tax profits. A number of stockbrokers in the Square Mile, including Peel Hunt, are considering merger talks. Shore Capital Markets bought rival Stockdale Securities in a £9m deal in February to create London’s fourth-largest corporate broking firm. Last year, Santander was in talks to buy Peel Hunt while Macquarie, the Australian investment bank, was reported to have been circling Liberum. Cenkos Securities declined to comment.
speedsgh
20/5/2019
09:01
New appointment replacing Grant Thornton as Nomad to Coro Energy (CORO). Mirabaud Securities & Turner Pope Investments retain their positions as joint brokers... HTTPS://www.investegate.co.uk/coro-energy-plc--coro-/rns/change-of-adviser/201905200700264788Z/
speedsgh
18/5/2019
10:15
Cenkos have acted as joint bookrunner alongside J&E Davy & RBC Capital Markets on the c£7m placing for Falcon Oil & Gas Ltd (FOG) completed yesterday... Proposed Placing - HTTPS://www.investegate.co.uk/falcon-oil---gas-ltd-/gnw/correction-to-headline--falcon-oil---gas-ltd----proposed-placing/20190517075451H3211/ Results of Placing - HTTPS://www.investegate.co.uk/falcon-oil---gas-ltd-/gnw/falcon-oil---gas-ltd----results-of-placing/20190517173946H3377/
speedsgh
15/5/2019
07:35
I’m out of my measly position. Divi flow has been ok. But not clear to me when share price will ever pick up. Management situation here is bizarre. Deal execution in these markets also very poor, for all brokers not just Cnk. Can’t see there being consolidation either.
albert zog
15/5/2019
07:26
Poor trading then, although I think we could all have guessed that. I just hope it's in the price. So the Mail was right for once then and big Jim Durkin is still in the frame. The dear old FCA are making him sweat though. Will they, won't they? When will we know?
lord gnome
09/5/2019
17:47
Surely we already mow the answer to that one. Durkin has been blackballed. The Daily Mail must be short of something to fill the column. A few articles short of a paper?
lord gnome
09/5/2019
10:00
Nothing new here in this short article from the This Is Money website... Broker faces fierce scrutiny from the City regulator as he vies to return to CEO role at Cenkos - HTTPS://www.thisismoney.co.uk/money/markets/article-7007403/Broker-faces-fierce-scrutiny-City-regulator.html The returning chief executive of small company broker Cenkos is facing fierce scrutiny from the City regulator, amid fears he may not be the right man for the job. Jim Durkin, 58, left Cenkos in 2017 and announced his comeback just 18 months later. But almost six months after he revealed his return, he is still waiting to be approved for the position by the UK's Financial Conduct Authority. Candidates should be app-roved as 'fit and proper' within three months, but the Mail has learned Durkin was called into the FCA for an interview. He was at the helm of Cenkos when it was fined £530,500 for failings relating to work for scandal-stricken insurance software firm Quindell. Cenkos declined to comment.
speedsgh
07/5/2019
07:55
Good old Daily Mail. Behind the curve as usual. Rehashing old news. But when will something happen here?
lord gnome
07/5/2019
04:59
Https://www.dailymail.co.uk/money/markets/article-6998575/Broker-Cenkos-Securities-facing-backlash-absurd-payments-board-members.html
spob
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