Cenkos Securities Share Discussion Threads

[keith95] 10/8/2017 13:56

There it is:



The Placing Agreement contains certain warranties and indemnities from the Company in favour of Cenkos Securities and is conditional, inter alia, upon:

(a) the passing of the Resolutions at the General Meeting;


Cenkos Securities may terminate the Placing Agreement if, inter alia: the Company is in material breach of any of its obligations under the Placing Agreement; or there has occurred, in the opinion of Cenkos Securities, acting in good faith, a material adverse change in the business of the Group or in the financial or trading position or prospects of the Group.

Seems to me that shareholders voted for this placing .....

see



SKIL Ports and Logistics, which is developing a modern port and logistics facility in Navi Mumbai, India, is pleased to announce that all resolutions put to Shareholders in connection with the proposed placing, open offer and subscriptions to raise up to GBP37.6 million, as announced by the Company on 31 October 2016, were duly passed.


Difficult to see what Cenkos has done wrong here .....

[mount teide] 10/8/2017 13:03

QuePassa - thanks for your comments.

Predictably, no response whatsoever from the Nomad and just a polite acknowledgement from the AIM Regulator - so have escalated our complaints by going directly to the SFO, which if first impressions are a reliable guide, suggests it may prove a little more fruitful.

Interestingly, many of the II's who carried out little or NO Due Diligence on the Placing worthy of the name, including a number who have been shareholders since IPO, are now burying their heads in the sand as deeply as possible, seemingly more concerned with limiting reputational risk, than any real concern for the retirement investments of their clients.

[quepassa] 10/8/2017 12:11

Mount Teide,


I have read and re-read your several lengthy recent posts. Commencing post 2360.

They are most fascinating to read and well worth the time to do so.

Thank you for posting them.


What replies have been forthcoming please?

Thanks again.

ALL IMO. DYOR.
QP

[quepassa] 10/8/2017 11:03

Seems to me, in my opinion only, that the DOWNSIDE RISK and DOWNSIDE POTENTIAL of this share FAR OUTWEIGH any upside potential.

Some points to consider

1. A weak IPO market in the UK
2. Founding CEO has resigned
3. CFO has just resigned.
4. Likely potential instability and uncertainty due to management changes.
5. Full year 2016 Dividend cut by a whopping 57% from 14p to 6p
6. Quindell still under investigation by The Serious Fraud Office


I'd be very worried, in my view only, that the share price doesn't continue its distinctly downward trend.

The graph trend, momentum and direction over three years looks resolutely southbound and horrible.

A very discombobulating and worrisome set of circumstances in my view.

In my experience when both the CEO and CFO of any given organisation resign, it frequently gets a lot worse before it gets any better.

It will likely in my opinion continue to be brown trouser time for shareholders for some time to come.


ALL IMO. DYOR.
QP

[keith95] 10/8/2017 10:19

fenners66

"What's the definition of paranoia?"

Increasing your short on a company and then realizing that 6 monthly EPS will be up 300% and profits 200% - all to be published soon?

I'd be bricking myself .... as well under these circumstances :)

[fenners66] 10/8/2017 09:06

What's the definition of paranoia?

[quepassa] 10/8/2017 06:43

keith.

why do you keep on making spiteful and rude comments - clearly angled at me.

it seems that you want me to reply and to make more comments on Cenkos than I would otherwise be inclined to do.

Answer the question.

QP

[garycook] 10/8/2017 01:57

So Edison are estimating a Interim dividend of 6p.So 11p for the year,and a valuation of 189p on CNKS.We will see !

[keith95] 09/8/2017 20:31

09/08/2017 Purchase Cenkos Securities PLC 3,126 2,749.58 44617N29069

11/08/201 09/08/2017 2840 CENKOS SECS .87 S Date 11/08/17 KFXRJ7 £2,499.47

Two accounts two small buybacks this morning ... look nicely timed thus far.


Expect a pre-trading close under Hotson. Worth a read:

www.edisoninvestmentresearch.com/research/report/cenkos-securities9/preview/

One knows when the boo boys are back that blood is on the streets ...


LoL :)

[quepassa] 08/8/2017 17:56

Cenkos down a whopping 6.9% at close.

86p Bid on advfn feeds.

a question is whether it may or may not re-test the December 70p lows.

in my opinion only, that is a distinct possibility which cannot be ruled out.


ALL IMO. DYOR.
QP

[keith95] 08/8/2017 17:35

... obvious hit here ... interesting to note that Chilton has now taken his "like" off LinkedIn - so whoever informed might wonder if I took a ScreenDump at the same time ;)


Looking further through Salaries, Chilton has always been the lowest end of director remuneration so I can understand him being miffed at Hotson's appointment over his head ...

... but Chilton held a paltry number of shares ... so no big loss there.

[speedsgh] 08/8/2017 15:37

Further to post #2372, FairFX Group (FFX) have today announced a £25m oversubscribed conditional Placing plus an associated Open Offer to raise a further £1m in order to fund the proposed acquisition of CardOne. Cenkos is acting as Nomad/sole broker...

Conditional Acquisition of CardOne -

FairFX Group plc (AIM: FFX), an online international payment services provider, today announces its proposed Acquisition of CardOne for a consideration of £15 million, together with a conditional Placing to raise, in aggregate, approximately £25.0 million (net of fees and expenses) by the issue and allotment by the Company of 46,034,485 New Ordinary Shares at the Issue Price of 58 pence per Ordinary Share.

In addition, in order to provide Shareholders who have not taken part in the Placing with an opportunity to participate in the proposed issue of New Ordinary Shares, the Company is providing all Qualifying Shareholders with the opportunity to subscribe at the Issue Price for an aggregate of up to 1,730,669 Open Offer Shares, to raise up to approximately £1.0 million...

...Cenkos Securities, which is authorised and regulated in the United Kingdom by the FCA, is acting as nominated adviser and broker to the Company and no-one else in connection with the Placing, the Open Offer and Admission...

[quepassa] 04/8/2017 16:31

Cenkos down 3% at close

[keith95] 04/8/2017 14:01

QuePassa4 Aug '17 - 11:38 - 2375 of 2377 0 0 (Filtered)

You lost .. get over it ... LOLOLOLOL :)

[keith95] 04/8/2017 13:59

Your more than welcome fenners66 ....

if you check it out ... the LinkedIn profile reads like a bloke who wants a lot for little effort ... wittering on about outside hobbies and so on .... more importantly, he was head of HR at Cenkos and given the Navid Malik fa la la recently .... I would imagine has not come out too well.

There are times, when a senior employee goes to his CEO with an offer to resign, and the CEO thinks ...

"Great"

[fenners66] 04/8/2017 13:06

Keith - good research thanks

[quepassa] 04/8/2017 11:38

The THICKO BOO BOY is YOU.

You are forever destined to be a very poor investor by mere dint of the fact that 1) you get far too emotionally involved with a share and 2) that you are so emotionally blinded that you are unprepared to open your mind to differing opinions than yours.



If you don't think it's significant that first the (founding) CEO quits and then the CFO quits, you really haven't got a clue.


More uncertainty at the house of Cenkos. Not good in my opinion.


One wonders who else may or may not walk the plank....or get pushed.....

Anyone got an update please on the enquiry by The Serious Fraud Office into Quindell?

ALL IMO. DYOR.
QP

[keith95] 04/8/2017 11:14

Well not "more likely" rather than "absolutely miffed" at an Oxbridge academic getting his job ....

If you wander over to his LinkedIn Profile .... he liked this article on 21st July:


hxxps://www.linkedin.com/pulse/how-resign-from-leadership-role-adam-akbar?trk=v-feed&lipi=urn%3Ali%3Apage%3Ad_flagship3_detail_base%3Bhsr9eGfxdEMpU1NMrUBhFQ%3D%3D

"Often leaders, particularly those in more senior roles, will recognise that they are reaching a ceiling within their company where either a new role or challenge is not visible internally so an external move is the best viable option to move their career ambitions forward."

Much better do to research that speculate as a thicko boo boy I find -

speaking personally as a former Oxbridge research fellow myself :)

[keith95] 04/8/2017 11:06

boonboon - More likely he wanted the position of CEO ....

[speedsgh] 04/8/2017 08:19

Potential £25m fundraising in the offing for FairFX?Statement re. share price movement - HTTPS://www.investegate.co.uk/fairfx-group-plc--ffx-/rns/statement-re--share-price-movement/201708040700040884N/ FairFX Group plc (AIM: FFX), a leading online international payment services provider, notices the recent movement in share price and confirms that it is in advanced negotiations in respect of a substantial acquisition of a payment services business (the "Possible Acquisition"). The Possible Acquisition, should it proceed, would be financed through an equity placing and open offer with existing shareholders to raise approximately £25 million through the issue of new ordinary shares in the Company at a price of around 58p per share.