Cenkos Securities Share Discussion Threads

[lord gnome] 24/1/2019 12:24

It has clearly failed to excite the market :-) Is Jim Durkin looking to dump a few as he hasn't got clearance?

[lord gnome] 23/1/2019 09:34

Alternative suggestion for you QP - Has Jim Durkin been blackballed by the FCA?

[speedsgh] 23/1/2019 08:35

It would appear Canaccord Genuity are making in-roads into the Cenkos client list. Since the start of Dec 2018 Canaccord Genuity have replaced Cenkos as Nomad & sole broker to Michelmersh Brick Holdings (MBH), Comptoir Group (COM) & IG Design Group (IGR). They have also recently been appointed joint broker to FairFX Group (FFX) alongside Cenkos who remain Nomad. HTTPS://www.investegate.co.uk/fairfx-group-plc--ffx-/rns/appointment-of-joint-broker/201901180700034831N/

[speedsgh] 23/1/2019 08:25

Potential fundraising for GCP Asset Backed Income Fund (GABI). Cenkos are currently sole broker... HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/possible-equity-raise/201901230700038025N/ The Board of GCP Asset Backed, which invests in asset backed loans, today announces that it is considering a possible equity raise during the first quarter of 2019. Any fund raise would be used to repay monies drawn down by the Company under its revolving credit facility as well as take advantage of a continued pipeline of attractive investment opportunities identified by Gravis Capital Management Limited...

[topvest] 11/1/2019 20:51

Very good points QuePassa - what's your view then please, albeit speculative... Takeover being agreed, MBO or something more sinister?

[speedsgh] 11/1/2019 08:34

Loss of mandate. Cenkos have been replaced by Canaccord Genuity as Nomad & sole broker to IG Design Group (IGR)... Appointment of Nomad and Broker (8/1) - HTTPS://www.investegate.co.uk/ig-design-group-plc--igr-/rns/appointment-of-nomad-and-broker/201901080700054334M/

[lord gnome] 10/1/2019 13:21

I just hope that you are right QP. I wait with baited breath.

[quepassa] 10/1/2019 09:58

In my opinion only, Cenkos owe shareholders and the market a detailed and rapid explanation as to why: 1. All three of the top management team of Chairman, Chief Executive and CFO have announced they are leaving the company within such a short time-frame (as this would in my view seem unlikely to be purely coincidental). 2. Why it is taking such a long time for Jim Durkin's approval from The FCA to come through. ALL IMO. DYOR. QP

[topvest] 09/1/2019 21:40

Yes. Good points being made that might also explain the rather odd trading update. I would accept £1 at this point in the cycle. Below that level would be a poor deal for shareholders.

[mattboxy] 09/1/2019 20:58

QuepassaWhat do u think?R u of the view consolidation and bids may be forthcoming or r u thinking something more sinister??

[lord gnome] 08/1/2019 10:12

You may well be right QP, but I just wish that the share price could be a bit higher before the bid came in. At the current 67p we'll be very lucky if a bid comes in at around a £1. I might be alright on my recent additions / top ups but my core holding is longer in the tooth and well under the water. I can't see a bid coming in that would top 120p and enable me to get my cash back. Bah!

[arthur_lame_stocks] 28/12/2018 15:02

120p would do me too.

[lord gnome] 28/12/2018 13:03

I know CNKS is a thinly traded stock and that today is probably one of the thinnest trading days of the year, but even so, to move up so strongly on such paltry volume does lend support to QP's view of something being afoot. I live in hope. I need 120p please.

[topvest] 24/12/2018 18:10

I wouldn’t be impressed at any form of corporate activity at this time. Fair point though as it would explain the bizarre trading update. Maybe someone is sniffing around?

[topvest] 24/12/2018 18:08

It’s a Regulator. Do they do anything quickly?

[quepassa] 24/12/2018 08:17

On 5th November, Cenkos issued an RNS saying that Jim Durkin is to be appointed Chief Executive "ONCE REGULATORY APPROVAL HAS BEEN RECEIVED" from the FCA. Does it really take so long, some 7 weeks so far, to get regulatory approval for someone as well known as Jim Durkin - who anyway was previously in this same role? That's unless there may or may not be something else afoot. ALL IMO. DYOR. QP

[tanneg] 21/12/2018 07:42

Small raise announced this morning by Marlowe The Company will raise £7 million in gross proceeds (approximately £6.8 million net of expenses) through the Placing of the Placing Shares at the Issue Price through Cenkos Securities plc ("Cenkos") https://www.investegate.co.uk/marlowe-plc--mrl-/rns/acquisition-of-william-martin/201812210700022050L/