Cenkos Securities Share Discussion Threads

[qs99] 30/6/2017 10:41

thanks for updates, looks encouraging re fund raisings and share price reacting through £1

[seagreen] 30/6/2017 10:36

dividend tends to be around 10p to 14p ...which is nice as they have to pay the x partners 8-)

[speedsgh] 30/6/2017 10:24

Following the 2 larger deals announced in the last few days (Hipgnosis Songs Fund Limited IPO/Hurricane Energy), by my reckoning Cenkos have to date in 2017 helped to raise nearly as much as they managed in the whole of 2016. Worth bearing in mind however that 2016 was a particularly poor year. This year could perhaps be viewed as more encouraging.

[cwa1] 30/6/2017 09:59

Cheers speeds. Many thanks for the ongoing updates, they are appreciated!

Things seem to be gently picking up for Cenkos on the whole-or have I my rose tinteds on and this is just "business as usual"?

[speedsgh] 30/6/2017 09:38

Further to post #2300 Gusbourne (GUS) have confirmed successful completion of their £4.2m open offer. Cenkos acted as Nomad/sole broker...

Result of General Meeting, AGM and Open Offer -

The Company is pleased to announce that all resolutions put to Shareholders in respect of the AGM and the General Meeting held today were duly passed. Furthermore, the Company announces the completion of the Open Offer to raise gross proceeds of approximately £4.2 million. The proceeds from the Open Offer will be used to provide funding for working capital and capital expenditure in line with the Company's long-term strategic plan.

[speedsgh] 30/6/2017 09:33

Further to post #2312 Angling Direct have confirmed that they are looking to raise £7.4m of fresh capital at IPO. Cenos are acting as Nomad/sole broker. Expected admission on 13/7/17...

Sch 1 Update: Angling Direct Plc -

Capital to be raised: £9.0million, of which £7.4million is new money for the Company and £1.6million is consideration for the selling shareholders.

[cwa1] 29/6/2017 20:26

Indeed, should be some good business arising from the HUR issue.

[topvest] 29/6/2017 19:46

Nice US$0.5BN joing fundraising on Hurricane Energy. Bouncing back a little I think on bigger deals.

[cwa1] 26/6/2017 08:09

LOL :-)

And from the company itself:-

Press Speculation

The Company has noted the recent press speculation in relation to the previously announced search and for a successor Chief Executive Officer ("CEO").

The Company confirms that it has been progressing its search for a successor CEO. However, at this stage the Company's Nominations Committee has not made any recommendations to the Board with respect to a successor CEO and, therefore, no decision has been made with respect to such an appointment.

The Company will make further announcements in this regard, as appropriate, in due course.

[speedsgh] 26/6/2017 07:40

Oxbridge academic Hotson lined up to run City broker Cenkos -

[speedsgh] 23/6/2017 16:43

It would appear that Cenkos picked up an award at the Small Cap Awards 2017 last night. Andy Blain (listed in the press release below as 'formerly of Cenkos') also won an award.

The Small Cap Awards is an annual event celebrating the best and rewarding the finest in the sub-£150m market cap quoted company sector. The Awards celebrates those professionals and companies that work within the AIM and ISDX communities and is attended by institutions, fund managers, brokers and advisors.





Cenkos won Advisor of the Year -
Andrew Blain (formerly of Cenkos) won Analyst of the Year -

[speedsgh] 23/6/2017 16:25

Further to post 2307, Hipgnosis Songs Fund Limited have now released their IPO prospectus. They are looking to raise gross proceeds of £200m via Placing/Offer for Subscription (minimum target of £100m). Costs and expenses of the issue are fixed at 2% of the Gross Issue Proceeds. Cenkos are acting as financial sponsor/financial adviser/bookrunner. Assuming a successful fundraising is achieved, it would seem like a material piece of business for Cenkos...

Publication of a Prospectus -

Prospectus -

Net proceeds and costs of the Issue
The target size of the Issue is £200 million through the issue of 200 million Shares at an Issue Price of 100 pence per Share. The target Issue size should not be taken as an indication of the number of Shares that will be issued. The actual number of Shares to be issued pursuant to the Issue and, therefore, the Gross Issue
Proceeds, is not known as at the date of this Prospectus but will be notified by the Company via a Regulatory Information Service announcement prior to Admission.

The costs and expenses of the Issue to be borne by the Company are fixed at 2 per cent. of the Gross Issue Proceeds.

On the assumption that the Company achieves its target issue of £200 million, and given that the initial expenses of the Issue to be borne by the Company will be fixed at an amount equal to 2 per cent. of the Gross Issue Proceeds, the Net Issue Proceeds and the NAV of the Company immediately following Admission will be £196 million and the NAV per Share will be 98 pence.

[speedsgh] 22/6/2017 15:38

Some work in the pipeline. Cenkos are acting as financial adviser/bookrunner on the IPO of Hipgnosis Songs Fund Limited. IPO is to include a Placing/Offer for Subscription. More details in due course...

Intention to Float -

Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company"), the first investment company to be listed on the London Stock Exchange offering pure play exposure to Songs and associated musical intellectual property rights, is pleased to announce its intention to launch an initial public offering of ordinary shares in the capital of the Company ("Ordinary Shares") ("IPO"). The Company aims to provide investors with an attractive and growing level of income and capital growth through acquiring Songs and associated copyrights...

The Company will be making an application for its shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").

A Prospectus setting out the details of the Placing and Offer for Subscription is expected to be approved by the UK Listing Authority in due course...

Cenkos Securities plc has been appointed as Sponsor, financial adviser and Bookrunner to the Company.

[speedsgh] 13/6/2017 12:47

A possible morsel of business here for Cenkos. Empyrean Energy (EME) have raised £862,800 including a £560,000 placing. Cenkos are Nomad/broker to the company. All seems a bit hand-to-mouth at the moment as they enter a quieter period of the financial year...

Placing and Option Exercise to Advance Portfolio -

[poggio] 12/6/2017 12:01

Does anybody know to what extent CNKS has non-sterling revenue and/or costs arising. I would anticipate costs are almost exclusively sterling based, whilst revenues may be generated occasionally in other currencies.

[its the oxman] 12/6/2017 10:24

Got to be some value here below 100p.

[speedsgh] 08/6/2017 09:03

Further to post #2287, 1PM (OPM) have confirmed that they have raised £13m via Placing/Open Offer. Cenkos acted as Nomad/broker on the fundraising.

Result of General Meeting, Placing and Open Offer -

[speedsgh] 07/6/2017 13:07

TONY - It's been relatively quiet on the fundraising news front for Cenkos in recent weeks & added uncertainty until they appoint a replacement CEO. None of the above helping.

[tonybaloni] 07/6/2017 12:38

Can someone tell these guys shares can go up instead of down !!

[speedsgh] 06/6/2017 12:06

Cenkos are acting as Nomad/broker for Gusbourne (GUS) on an Open Offer to raise up to £4.2m...

Open Offer -

Open Offer Circular -

"Cenkos Securities plc, which is authorised and regulated in the United Kingdom by the FCA, is acting as nominated adviser and broker to the Company in connection with the matters described in this document..."

[speedsgh] 31/5/2017 17:24

New appointment. Cenkos have replaced Stockdale Securities as sole corporate broker and financial adviser to Lazard World Trust Fund (formerly known as 'The World Trust Fund')...

Appointment of Corporate Broker and Financial Adviser -

[speedsgh] 26/5/2017 15:32

Cenkos are acting as joint broker (alongside Allenby Capital) on the £3.74m placing by Plastics Capital (PLA)

Placing to raise £3.74 million -

Plastics Capital has today announced the terms of a placing by Cenkos, acting as the Company's Nominated Adviser and Joint Broker and Allenby Capital, acting as the Company's Joint Broker, to raise approximately £3.74 million from the issue and allotment by the Company of 3,194,445 Placing Shares at the Placing Price of 117 pence per share.

[speedsgh] 26/5/2017 15:26

Further to post #2277, Flowgroup (FLOW) yesterday formally announced a fundraising of up to £29m in total via placing/open offer/loan note subscription. Cenkos are seemingly acting as broker on the placing/open offer portion which aims to raise up to £12.95m...

Fundraising of up to £29 million -
Result of PrimaryBid Offer -

EDIT:
Pursuant to the Placing and Open Offer Agreement, Cenkos has agreed to use its reasonable endeavours, as agent of the Company, to procure subscribers for the Placing Shares (other than certain Placing Shares which are to be issued to Palm by means of direct subscription between Palm at the Company) at the Issue Price. The Placing and Open Offer Agreement provides, inter alia, for payment by the Company to Cenkos of commissions based on certain percentages of (i) the product of the number Placing Shares multiplied by the Issue Price, and (ii) the nominal value of Loan Notes issued by the Company