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
  +0.00p +0.00% 47.00p 45.00p 49.00p 47.90p 46.90p 47.00p 16,159 08:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 45.0 2.3 4.2 11.2 27

Cenkos Securities Share Discussion Threads

Showing 3101 to 3123 of 3450 messages
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DateSubjectAuthorDiscuss
01/8/2018
07:24
Good RNS. Cenkos acquires NOMAD and Corporate Broking business from Smith & Williamson Strengthening the team at Cenkos as well as reducing the competition is a positive event. Six new professionals will further beef up Cenkos' corp. fin. department which has suffered a few losses in recent times. We will never know if Crystal Amber may or may not have been a motivating/contributory factor for Cenkos to make this acquisition. But I know what I think. ALL IMO. DYOR. QP
quepassa
01/8/2018
07:21
Cenkos Securities plc (AIM:CNKS) is pleased to announce that it has entered into an agreement for the acquisition of the Nominated Adviser and Corporate Broker business of Smith & Williamson (the "Business"). Under the terms of the agreement, Cenkos has agreed to pay Smith & Williamson deferred consideration equal to 20% of all corporate finance fees earned by the Business from existing clients transferring to Cenkos during the 12 months following completion. The agreement contains a cap on deferred consideration of £2m though in reality the level of deferred consideration is expected to be significantly below that.The transaction is expected to complete by November 2018, following the undertaking of due diligence on existing clients of the Business which may transfer as part of the transaction. As a result of the acquisition, a team of 6 will join Cenkos' Corporate Finance department with effect from completion of the transaction.
mattboxy
29/7/2018
16:02
Thanks for that. All very interesting and hopefully they can unlock some more value here.
mattboxy
29/7/2018
11:39
All good questions. Cenkos is very well-regarded in my opinion. Maybe Cenkos have hit a minor/temporary dip in trading which doesn't give me personally particular cause for concern. This industry is known to be volatile and to be characterised by lumpy earnings. Nonetheless, Cenkos do need to do some serious managerial and strategic soul-searching as to why they are repeatedly lagging the performance of Numis. However, in my personal experience and opinion, when activist shareholders with significant shareholdings start agitating, this frequently can have a highly beneficial impact on the share price. Here is a link to the website of Crystal Amber where you can read about them and their modus operandi. If you hit the tab headed The Fund and then go to Activist Process, you will see how they engage with management with a view to unlocking and creating further shareholder value. hXXps://crystalamber.com/about/activistprocess I see Crystal Amber's actions as very positive for shareholders. I have high regard for activist houses which use their shareholding voting power to start to pose tough questions to management where they perceive the underlying business is not firing on all cylinders and has significant room for improvement. ALL IMO. DYOR. QP
quepassa
29/7/2018
10:27
Quepassa Do you feel this could be positive for the share price or do you have negative concerns. How well regarded is cenkos in the city and could they be taken out?
mattboxy
28/7/2018
13:17
The possible impact and potential consequences of the Crystal Amber letter to the Cenkos Board are perhaps not to be underestimated. ALL IMO. DYOR. QP
quepassa
27/7/2018
18:52
Yes, very interesting.
topvest
26/7/2018
23:53
Sky are reporting that Crystal Amber are demanding that Cenkos is put up for sale...Activist targets Cenkos chair with demand for ?strategic review - https://news.sky.com/story/amp/city-firm-cenkos-targeted-by-activist-investor-11450085A major investor in Cenkos Securities, the City broker, has demanded that its chairman puts the business up for sale amid a thinly veiled threat that it may seek to oust him.Sky News has learnt that Crystal Amber, which is AIM-listed Cenkos's fifth-biggest shareholder?, wrote to Gerry Aherne earlier this month to urge him to launch a strategic review "to determine how value can best be realised".The move by Crystal Amber, whose figurehead Richard Bernstein is a well-known activist investor, ?will ignite a battle over the future of Cenkos...
speedsgh
26/7/2018
08:16
Brief FT write-up on recent TU... City broker Cenkos drops 12% after warning of revenues drop - HTTPS://www.ft.com/content/7d0c104a-8f11-11e8-bb8f-a6a2f7bca546 Shares in Cenkos Securities, the City stockbroker, dropped 12 per cent on Tuesday after it warned its full-year revenues were expected to be “materially below” its 2017 revenues, which were boosted by several bumper deals, as new European markets regulations begin to heap pressure on the broking sector. In a trading update on Tuesday, Cenkos said that while performance in its second quarter had improved after a “disappointing” first quarter, “several transactions which were expected to complete in June did not complete until July”. In the first quarter, market volatility had hit investor sentiment, it said. As a result, the small and mid-cap broker said it expected its second-half results to be stronger than its first-half results to the end of June. The first-half results, together with the declaration of an interim dividend, will be published in September, it said. The warning comes after the company posted triple-digit profit growth in its 2017 results, on revenues up 36 per cent to £59.5m. This was largely driven by its role in a number of big fundraisings, including as sole banker in the £550m float of logistics group Eddie Stobart in April 2017. The company has also previously flagged that uncertainty around Mifid II — sprawling European markets rules that came into force this January — had already put pressure on its revenues from research. Data show the rules have also hit trading commissions at brokers this year, leaving them increasingly reliant on deal fees.
speedsgh
26/7/2018
07:36
Possible fund raise in September https://www.investegate.co.uk/gcp-asset-backed-inc/rns/proposed-c-share-issue/201807260700037862V/ The Board of GCP Asset Backed, which invests in asset backed loans, today announces that it is considering increasing the Company's capital base through a pre-emptive offer of C shares at a price of 100 pence per C share, by way of an open offer, placing and offer for subscription, targeting gross proceeds in excess of £70 million (the "Issue").
tanneg
25/7/2018
19:37
Its Woodford related in my view. He backed their bigger deals. BCA Marketplace, AA etc.
topvest
25/7/2018
19:18
Biggest concern imo is that Cenkos appear to be underperforming when most other brokers appear to be doing very well? Is there an underlying reason for this underperformance or is it just the usual erratic flow of deals? If they struggle in relative terms when times are good, how will they fare when the fundraising market dries up? Answers on a postcard/SAE to...
speedsgh
24/7/2018
19:01
Yes, a fair point about being transparent. You never knew where things stood until results day previously. You do wonder whether the Woodford disaster is impacting deal flow, as Woodford used to buy lots of Cenkos floats. Nowadays he hasn’t got any cash to invest! Anyway, it’s always been a bit volatile here. Let’s hope they get some bigger deals away!
topvest
24/7/2018
11:38
Back to 100p, weak trading in the price, any change and whoosh, but patience required for now.
its the oxman
24/7/2018
09:54
Sense new CEO is keen to be more transparent than previous mgmt & manage expectations better. To be applauded imo.
speedsgh
24/7/2018
09:31
It was already priced in I guess. Results are always impacted by the larger transactions and these have been thin on the ground. Dividend will be much lower this year. Odd to give a trading update though as they haven’t done it previously.
topvest
24/7/2018
09:11
Given this morning's 'materially below' trading update, I thought they'd be down a lot more than 13%. No panic. I continue to hold.
gostevie63
24/7/2018
08:10
Yes, a tad disappointing. No big deals. At least they are profitable.
topvest
24/7/2018
07:26
Confirmation that Cenkos has been underperforming in a buoyant fundraising market. Disappointing for holders.
speedsgh
24/7/2018
07:22
Trading Update As reported in our AGM Statement in May, the first quarter of 2018 had been disappointing as market volatility had a significant impact upon investor sentiment. Since then the second quarter's performance has slowly improved, although several transactions which were expected to complete in June did not complete until July. At this stage, the revenue pipeline for August is encouraging and we anticipate that the second half's performance to be stronger than the first half's performance. We have seen an improvement in our pipeline of prospective transactions for the remainder of the year, however the full year's revenue is expected to be materially below those recorded in 2017, as those revenue figures included some unusually large fees. The Company will announce its interim results for the six month period ended 30 June 2018 together with the declaration of an interim dividend in September 2018.
cwa1
20/7/2018
12:43
tanneg, Many thanks for providing information for Cenkos holders.
fanshaw
20/7/2018
07:40
Nice work tanneg, you've got the job in speeds absence ;-)
cwa1
20/7/2018
07:32
https://www.investegate.co.uk/venture-life-group--vlg-/rns/placing--proposed-acquisition-and-notice-of-gm/201807200700052298V/ Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the self-care market, is pleased to announce the conditional placing of up to 46,875,000 new Ordinary Shares at a price of 40 pence per Ordinary Share ("the Placing") to raise approximately £18.75 million (before expenses). The Placing has been arranged by Cenkos Securities plc in its capacity as sole bookrunner.
tanneg
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