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
  3.00 7.14% 45.00 43.00 47.00 45.00 42.00 42.00 152,007 08:41:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 45.0 2.3 4.2 10.7 26

Cenkos Securities Share Discussion Threads

Showing 3201 to 3224 of 3500 messages
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DateSubjectAuthorDiscuss
14/11/2018
08:35
Another loss of mandate that has slipped under the radar. Cenkos were previously Nomad/sole broker to Science in Sport (SIS) who have today announced a placing of c£29m. However it seems that within the SIS Half Year Report released on 19/9/18, they announced that Liberum had been appointed as Nomad/sole broker with immediate effect. By my count Cenkos have now lost 4 mandates since August: Verseon Corporation (VSN), AA (AA.), Science in Sport (SIS) & Frontier IP Group (FIPP). The only new mandate in that period would appear to be the appointment as joint broker to Falcon Oil & Gas Ltd (FOG). With less than 2 months to run in the current FY, 2018 would appear to be shaping up to be a forgettable one for Cenkos. By my estimates they have raised roughly 50% of the amount raised on behalf of clients by this time last year. Looking forwards it feels like Jim Durkin has quite a job on his hands to turn performance around. However, as a co-founder he knows the company initimately which should hopefully work to his & the company's favour. Aimho
speedsgh
09/11/2018
11:39
88 Energy Ltd (88E) have raised c£5.56m from investors in both Australia & UK. Cenkos acted as Nomad/sole broker for the UK portion of the placing... Result of Placing - HTTPS://www.investegate.co.uk/88-energy-limited--88e-/rns/result-of-placing/201811091120389261G/
speedsgh
09/11/2018
11:36
Loss of client. Flowgroup (FLOW) have appointed administrators & Cenkos have resigned as Nomad... Appointment of Administrators - HTTPS://www.investegate.co.uk/flowgroup-plc--flow-/rns/appointment-of-administrators/201811090835308983G/
speedsgh
06/11/2018
09:31
Former chief Jim Durkin makes comeback at Cenkos - HTTPS://www.ft.com/content/98801e5c-e0ce-11e8-a6e5-792428919cee City stockbroker Cenkos Securities announced a big board shake-up on Monday, with the return to the helm of its former chief executive and major shareholder, Jim Durkin, as well as the immediate departure of its chairman. In an unexpected comeback, Mr Durkin will become chief executive “once regulatory approval has been received,” just 18 months after he stepped down from the small and mid-cap broker. The Liverpudlian, who still has a 9 per cent stake in the company, will replace former Bank of England economist Anthony Hotson, who joined the group in August 2017. The Aim-listed broker had announced Mr Hotson’s departure in early October, just weeks after it reported a 90 per cent drop in pre-tax profits, blaming Europe’s new Mifid markets rules and a dearth of initial public offerings. As part of the shake-up, Cenkos also said on Monday that chairman Gerry Aherne would retire “with immediate effect”, but gave no further details. Mr Aherne, a fund manager who was previously an executive director at Schroders Investment Management, has been chairman since May 2012. A person with knowledge of the situation said Mr Hotson, who had no previous experience in the City’s clubby small and mid-cap broking industry, had stepped down due to a combination of “pressure from the board” as well as “feeling the need to do the right thing” in light of the group’s poor performance. More unexpected, is the return to the helm of Mr Durkin, 58, a founding shareholder who was chief executive of the brokerage between December 2011 and July 2017. He announced his retirement weeks after the company steered the return of logistics group Eddie Stobart to the stock exchange in a £550m float — but had also posted a four-fifths fall in full-year profits for 2016. Several people involved in the industry said Mr Durkin, a seasoned dealmaker who has worked in the City for more than 35 years, was motivated by the fact that he has a stake in the company. “He is the rainmaker,” said one senior broker from a rival group. “[He] does people.” One person close to the company noted that Mr Durkin was in charge when the company was hit by a £535,500 fine from the UK financial watchdog in 2016 over its sponsorship of Quindell, the ailing insurance company now called Watchstone. “He was at the helm for years and there weren’t the controls in place,” the person said. “The problem is nobody wants to do the job.” Cenkos said on Monday that Mr Durkin was “not involved” with Quindell. “It was back-office failings that Mr Durkin successfully worked hard to remedy with the [regulator].” The appointment comes as others in the broking industry — including rivals Numis, Panmure Gordon and Arden Partners — have also suffered poor performances under tricky market conditions. Some experts expect IPO business to dry up altogether in the run-up to the UK’s exit from the EU next March. This year, Cenkos has come under pressure from activist investor Crystal Amber Fund, its fifth-biggest shareholder, which has called for the management to undertake a strategic review with a view to selling all or parts of the group. The shareholder also complained at the time that it considered Mr Aherne was not engaging with them. Crystal Amber founder Richard Bernstein, reiterated his call for Cenkos to look to sell: “There is a tremendous opportunity for Cenkos to be the lead consolidater in an industry crying out for consolidation. But in order to do so it needs good leadership.”
speedsgh
05/11/2018
19:20
Very good news that Jim Meakin is back in my view. Cenkos have seemingly lost the ability to close big deals since he left. I'm more confident that they can recover now.
topvest
05/11/2018
18:27
I grabbed a few today ....
keith95
31/10/2018
09:02
I certainly wouldn't worry about losing Appscatter's business, they won't be around long.
arthur_lame_stocks
31/10/2018
08:44
Loss of mandate for the Nominated Adviser and Corporate Broker business of Smith & Williamson (S&W) which Cenkos are in the process of buying. S&W were Nomad & joint broker to appScatter (APPS) alongside Stifel. They have been replaced by finnCap. Change of Adviser - HTTPS://www.investegate.co.uk/appscatter-group-plc--apps-/rns/change-of-adviser/201810310700077825F/
speedsgh
26/10/2018
07:54
Superdry founder Julian Dunkerton seeks return to the fold - HTTPS://www.bbc.com/news/business-45954093 The co-founder of Superdry is talking to shareholders about returning to the fashion retailer in the hope of reviving its fortunes... ...Mr Dunkerton said any retail shareholders he spoke to also wanted him to go back. He has hired the broker Cenkos to help persuade institutional investors to support his campaign.
speedsgh
24/10/2018
08:29
I note that finnCap have announced their intention to float. They state that they are retained as financial adviser or broker to 125 quoted companies so are a peer to Cenkos who were retained by 116 quoted companies when they released their Interims in Sept... Intention to Float - HTTPS://www.investegate.co.uk/finncap-ltd/rns/intention-to-float/201810240700030019F/
speedsgh
24/10/2018
06:55
Placing of £20m for Angling Direct https://www.investegate.co.uk/angling-direct-plc--ang-/rns/placing--notice-of-gm-and-directorate-change/201810240700029603E/
tanneg
22/10/2018
14:33
Look at the positive, we have the likes of big investors Kerogen capital on board at HUR . Eventually the big traders the likes of RB of CA will be gone from HUR to raid another hard working company who if it does not do what RB wants will flood on the open markets all its shares.Lets hope we have some more decent investors like Kerogen come aboard, such ashame we got attack and raided by the likes trader RB of CA.
gary38
14/10/2018
13:31
I'm not sure that a sale of the business will generate shareholder value if its anything like Panmure Gordon. The best return will be made by returning the business to where it once was. I think they have a few issues: 1. Entrepreneurial ways have been tempered through leadership issues; and 2. Reliance on Woodford deals has caused a problem as Woodford has no cash to invest. If you look at most of their big deals of the past Woodford was heavily involved.
topvest
14/10/2018
07:58
Results were poor as expected. I've been reading quite a lot about how MIFID and all the other reguoation is making life very tough fo small brokers and there needs to be consolidation. Hopefully RB can force a sale of the company.
arthur_lame_stocks
14/10/2018
07:01
Why has this cratered
millennial
10/10/2018
06:46
Appointment of Cenkos Securities plc - HTTPS://www.investegate.co.uk/falcon-oil---38--gas-ltd---fog-/gnw/falcon-oil---gas-ltd---appointment-of-cenkos-se---/20181010070000H1969/ Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) is pleased to announce the appointment of Cenkos as joint broker, alongside Davy and RBC Capital Markets, Falcon’s current brokers. Davy will continue as Falcon’s sole nominated advisor.
speedsgh
10/10/2018
06:30
"It was unclear on Tuesday whether Richard Bernstein, the prominent investor who heads Crystal Amber, would be reassured by Mr Durkin's re-emergence at Cenkos..."
speedsgh
10/10/2018
06:28
Former Cenkos chief Durkin to return to hotseat at City broker - HTTPS://news.sky.com/story/former-cenkos-chief-durkin-to-return-to-hotseat-at-city-broker-11522240 A former chief executive of Cenkos Securities, the City stockbroker, is to stage a surprise comeback by returning to the helm less than 18 months after retiring from the firm. Sky News has learnt that Jim Durkin has been asked by Cenkos's board to stage a surprise comeback and replace Anthony Hotson, whose departure was announced on Tuesday. Mr Durkin, a 35-year City veteran who was a founding shareholder in Cenkos, is expected to return as its chief executive later this year. Sources close to the firm said his appointment was likely to be announced this week...
speedsgh
09/10/2018
11:33
As at the half year it had cash of £21m!! Enterprise Value of £9.6m. Got to be cheap at this price?
yellowdog
09/10/2018
10:37
Well the market seems to like the news. I'm still hoping RB can get the company put up for sale and deliver us some value.
arthur_lame_stocks
09/10/2018
08:00
not overanalysis. at least i offer opinion
quepassa
09/10/2018
07:54
"It is anticipated that a successor for Anthony Hotson will be announced shortly." Little bit of overanalysis there imo, QP. Seems like a perfectly normal sentence to me but happy to be proven wrong in due course. Regardless, in view of recent trading, it is somewhat of a welcome grace to have Crystal Amber's involvement at this juncture imo.
speedsgh
09/10/2018
07:16
High likely that Crystal Amber will have been instrumental in this imo... HTTPS://news.sky.com/story/amp/city-firm-cenkos-targeted-by-activist-investor-11450085 and remember this from Crystal Amber's Final Results on 7 Sept... HTTPS://www.investegate.co.uk/crystal-amber-fund-limited--crs-/prn/final-results/20180907070000P3D13/ The Fund has been a shareholder in Cenkos since late 2010 and increased its holding significantly during January 2018 at a share price which we believe ascribes little probability to the company being able to secure any further exceptionally large deals. Given the pressing need to deal with forthcoming retirement/succession issues relating to a number of Cenkos’s founders and the evident strategic interest in this sector (2017 takeover of Panmure Gordon and 2016 Kuwaiti investment in WH Ireland), we have now proposed to the board that it undertakes a strategic review of the company.
speedsgh
09/10/2018
06:30
Yes, QP, that had fluttered past my mind as well. I live in hope.
lord gnome
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