Cenkos Securities Share Discussion Threads

[speedsgh] 04/12/2017 12:59

Further to post #2601, Science in Sport (SIS) have confirmed that c85% of the Open Offer was taken up by shareholders, meaning that combined the Placing & Open Offer raised c£14.85m against a target of £15m. Cenkos acted for SIS on the fundraising...

Results of General Meeting and Open Offer -

"Accordingly, the Company is also pleased to announce that the Open Offer, which closed for acceptances at 11.00 a.m. on 30 November 2017, has raised approximately £0.8 million (before expenses). Valid acceptances have been received in respect of 1,211,365 New Ordinary Shares of 10 pence each, representing a take up of approximately 85.0 per cent of the New Ordinary Shares available under the Open Offer."

[keith95] 01/12/2017 20:09

good spot speedsgh ... done a Screendump .... will ask Cenkos investor relations for confirmation .. then wait for the response.

Fake News in the financial markets needs to be punished severely: I'm sick of it.

Meanwhile, good week, with NAH breaking 170 to boot ... took some small profits here at 111 this morning ....


... but onwards and upwards.

GLA

[speedsgh] 27/11/2017 07:37

@seagreen - re your post #2616 re Cenkos losing their oil team to Cantor Fitz. Is that info in the public domain? TIA

[speedsgh] 27/11/2017 07:35

Also, further to tanneg's post #2609, confirmation on Fri pm of successful completion of £150m fundraising by Cenkos (working alongside Barclays Bank & Macquarie Capital as joint bookrunnners) for Smart Metering Systems (SMS)...

Results of Placing -

[speedsgh] 27/11/2017 07:30

Further to post #2594, confirmation today of £7m successfully raised by Cenkos for Beeks Financial Cloud Group plc (BKS) at their IPO...

Admission to Trading on AIM and First Day of Dealings -

[speedsgh] 24/11/2017 11:26

Good spot, tanneg.

Proposed equity placing -

"Under the Placing Agreement, the Company has agreed to pay to the Joint Bookrunners a commission based on the aggregate value of the Placing Shares placed at the Placing Price and to Cenkos a corporate fee for the Placing."

[quepassa] 24/11/2017 11:21

The Civitas placing which closed at a very respectable £302m earlier this month where Cenkos was Sponsor, Financial Adviser and Bookrunner carried a capped fee of 2% Inc VAT) of gross proceeds.

Issue costs on the £302m C Share placing were therefore a tad over £6m.

One can but imagine that the lion's share of this fee went to Cenkos.

ALL IMO. DYOR.
QP

[seagreen] 24/11/2017 10:46

Lost their oil team to Cantors adn several other departures just to put a balanced view but I am sre they will be replaced

[quepassa] 24/11/2017 09:02

Director/family Buying.

Tally over last week:

Andrew Boorman (NED) buys 37,500 @ 99.65p = £37,368
Wife of Anthony Hotson (CEO) buys 27,140 @ 99.65p = £27,045
Philip Anderson (FD) buys 98,026 @ 102p = £99,986.


Totals:

162,666 shares for total consideration of £164,399.


Meaningful.

ALL IMO. DYOR.
QP

[puzzler2] 24/11/2017 08:38

In for a few today

[sailing john] 24/11/2017 08:33

Added on the bell - SMS and Directors
GL - SJ

[interceptor2] 24/11/2017 08:16

Might be a significant turning point here after two director buys this week, Jim Slater always like to a cluster of Directors buying shares.

I had already concluded that CNKS were very good value at this level when the last interim results are looked at, now I have the directors with a megaphone telling the market that these are priced too low.

[cfro] 24/11/2017 08:08

Very confident buy from the FD.

[quepassa] 24/11/2017 07:11

BIG purchase by FD.

Approx £100k at full market price.

If anyone knows what's going on with the figures, it's the FD.

Hot on the heels of the CEO's wife investing, this is a strong sign of senior management support.

Repeated buying by Directors and family members is normally a reliable signal.

ALL IMO. DYOR.
QP

[tanneg] 24/11/2017 07:10

Smart Metering Systems proposes to raise approximately £150 million :-

Placing to be undertaken by way of an accelerated bookbuild exercise (the "Bookbuild") which will be launched immediately following release of this announcement and managed by Cenkos Securities plc ("Cenkos"), Barclays Bank PLC ("Barclays") and Macquarie Capital (Europe) Limited ("Macquarie") (together, the "Joint Bookrunners").

[guildedge] 23/11/2017 17:51

Yes I noted the 2 directors buys. Really not sure Durkin would sell up so quickly. Especially if he has market information. More likely Hargreaves Hale. They have been very active. HH's new owner appears to be in the same market as Cenkos. Hmmm.

I noted someone cleared 80k of shares today. I was going to buy in here but may hold for a few more days. share price semms to be holding firm at 95-100p.

[keith95] 22/11/2017 08:00

"Seems to be someone dumping shares here. "

Durkin - The previous CEO held ~8% of the company - which was widely publicized but the shareholding went off the RADAR when he left, so if your right, that would be my best guess.

Next support from here is 88p or thereabouts.

Not sure we will get there ... January, August and current lows seems to line up just about ... so a chance of onwards and upwards from here.

[quepassa] 22/11/2017 07:49

Yes two BUYS. Totalling a modest £65k but nonetheless a good sign, especially in my view if the CEO's wife is investing in the Company.

QP

[speedsgh] 22/11/2017 07:43

From the same rns...

Director/PDMR Shareholding -

In addition, the Company was notified on 21 November 2017 that on 21 November 2017 Dorothy Hotson, wife of Chief Executive Officer Anthony Hotson, purchased a total of 27,140 ordinary shares of 1p each in the Company ("Ordinary Shares") at 99.65p per Ordinary Share.

SUMMARY
Andrew Boorman (NED) buys 37,500 @ 99.65p = £37,368
Wife of Anthony Hotson (CEO) buys 27,140 @ 99.65p = £27,045

[cwa1] 22/11/2017 07:21

The Company was notified on 21 November 2017 that on 21 November 2017 Andrew Boorman, Non-executive Director, purchased a total of 37,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at 99.65p per Ordinary Share.

[guildedge] 17/11/2017 09:56

Been following this share with interest. Seems to be someone dumping shares here. Cenkos seem to have one major active shareholder here who could be reducing? Others appears to be buying up the slack.

Strange the share should even be drifting. Money in the bank. Good line of recent IPO and a very generous dividend. H2 should be quite strong. See what happens I guess.

Least this is a firm actually making money. Not sure what impact Brexit will have on this firm. Uncertainty is always bad for business.

[speedsgh] 14/11/2017 07:43

Cenkos are acting on a Placing & Open Offer for Science in Sport (SIS) to raise up to £15m...

Firm Placing and Open Offer -

[topvest] 13/11/2017 20:09

Yes only small, but all helps and a new client.

[3800] 13/11/2017 17:57

thanks for the reply speedsgh I did notice today that Cenkos will be responsible for this small placing.
3800

[speedsgh] 13/11/2017 17:25

My comment re Bakavvor was purely in response to fenners66's query in post 2595.

Have to say that trading appears to have been pretty quiet for Cenkos in recent months. £400m equity/convertible bond issue for Hurricane Energy was announced in H1 but I believe it has been booked in H2 & they have just helped to raise £302m for Civitas (CSH), a bit shy of the £350m target. Without these 2 larger deals, H2 would be looking pretty thin on the ground. They have also raised c£60m for the Arena Events Group IPO & £75m for the recent GCP Asset Backed Income Fund (GABI) fundraise. Beyond that just a few bits and pieces.

So as things stand, absent of any further material fundraisings before year end, H2 will probably end up similar to H1 which is not be sniffed at. One concern might be the lack of business announced since the summer which is perhaps indicative of a reduction in activity in the wider sector. I have noticed a marked increase in companies failing to meet their fundraising targets in the past 2-3 months & some IPOs have started to get pulled due to 'market volatility' so there is uncertainty going forward, no doubt not being helped by the ongoing Brexit pantomime which is likely to continue for some time. All of the above may of course prove nonsense if Cenkos manage to pull a rabbit out of the hat and announce a large fundraising (cf AA. BCA IPOs). Aimho