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
  0.00 0.0% 58.50 58.00 59.00 58.50 58.50 58.50 1,274 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 45.0 2.3 4.2 13.9 33

Cenkos Securities Share Discussion Threads

Showing 3351 to 3373 of 3550 messages
Chat Pages: 142  141  140  139  138  137  136  135  134  133  132  131  Older
DateSubjectAuthorDiscuss
15/5/2019
06:26
Poor trading then, although I think we could all have guessed that. I just hope it's in the price. So the Mail was right for once then and big Jim Durkin is still in the frame. The dear old FCA are making him sweat though. Will they, won't they? When will we know?
lord gnome
09/5/2019
16:47
Surely we already mow the answer to that one. Durkin has been blackballed. The Daily Mail must be short of something to fill the column. A few articles short of a paper?
lord gnome
09/5/2019
09:00
Nothing new here in this short article from the This Is Money website... Broker faces fierce scrutiny from the City regulator as he vies to return to CEO role at Cenkos - HTTPS://www.thisismoney.co.uk/money/markets/article-7007403/Broker-faces-fierce-scrutiny-City-regulator.html The returning chief executive of small company broker Cenkos is facing fierce scrutiny from the City regulator, amid fears he may not be the right man for the job. Jim Durkin, 58, left Cenkos in 2017 and announced his comeback just 18 months later. But almost six months after he revealed his return, he is still waiting to be approved for the position by the UK's Financial Conduct Authority. Candidates should be app-roved as 'fit and proper' within three months, but the Mail has learned Durkin was called into the FCA for an interview. He was at the helm of Cenkos when it was fined £530,500 for failings relating to work for scandal-stricken insurance software firm Quindell. Cenkos declined to comment.
speedsgh
07/5/2019
06:55
Good old Daily Mail. Behind the curve as usual. Rehashing old news. But when will something happen here?
lord gnome
07/5/2019
03:59
Https://www.dailymail.co.uk/money/markets/article-6998575/Broker-Cenkos-Securities-facing-backlash-absurd-payments-board-members.html
spob
02/5/2019
22:24
Go post your rubbish elsewhere.Blocked.
farview1
17/4/2019
07:18
Ref speedsgh' post 3096: I suspect that the lack of any news from the company about Jim Durkin indicates that he failed the personality test with the FCA.
lord gnome
12/4/2019
17:16
Good to win one, even if it’s a tiddler.
lord gnome
12/4/2019
07:42
New mandate. Cenkos have been appointed as Nomad & sole broker to IXICO (IXI), replacing Shore Capital... HTTPS://www.investegate.co.uk/ixico-plc--ixi-/rns/change-of-adviser/201904120700069692V/
speedsgh
12/4/2019
07:38
Acting on small placing/open offer to raise up to £3.25m for Tasty (TAST)... HTTPS://www.investegate.co.uk/tasty-plc--tast-/rns/firm-placing-and-open-offer-and-notice-of-gm/201904120700059791V/
speedsgh
06/4/2019
15:03
Good. Somebody needs to sort this out.
lord gnome
05/4/2019
21:54
Crystal Amber are clearly not happy... HTTPS://twitter.com/CrystalAmberRB1/status/1114168849862221824 Richard Bernstein - @CrystalAmberRB1 Cenkos, the £37m mkt cap broker releases its 2018 accounts. 7 board directors-2 generate revenues-of the rest, CEO and FD paid £1m including £583k compensation for loss of office. The 3 non-execs paid a combined £410k. £1.4m paid to non revenue generating directors! A disgrace.
speedsgh
01/4/2019
20:11
albert zog - Many thanks for highlighting the planned cuts to Canaccord Genuity's UK capital markets business which was announced yesterday. CG's press release... Canaccord Genuity Group Inc. announces a restructuring of its UK Capital Markets Business - HTTPS://www.canaccordgenuity.com/globalassets/investor-relations/documents/press-releases-en/2019/hp-featured/canaccord-genuity-group-inc.-announces-a-restructuring-of-its-uk-capital-markets-business.pdf Canaccord Genuity blames City cuts on Brexit turmoil - HTTPS://www.fnlondon.com/articles/canaccord-genuity-blames-city-cuts-on-brexit-20190401 Brexit blamed as Canaccord Genuity axes jobs in London - HTTPS://www.standard.co.uk/business/brexit-blamed-as-canaccord-genuity-axes-jobs-in-london-a4106141.html CG press release and news articles don't appear to suggest that CG are withdrawing completely from UK capital markets sector but refer to a 'significant reduction' in jobs with tens of employees earmarked for redundancy out of its 110-strong UK workforce including senior staff in equities, corporate broking and equity capital markets. Articles contain some interesting commentary on the current state of the capital raising & advisory markets in the UK. "The UK experienced its lowest number of initial public offerings in a decade during the first quarter of 2019, according to Dealogic, the data provider." The news is also noteworthy seeing as CG poached no less than 4 Cenkos clients (Michelmersh Brick Holdings MBH; Comptoir Group COM; IG Design Group IGR; & Mercia Technologies MERC) between Dec 2018 and Feb 2019 and was also apppointed as joint broker to FairFX Group FFX alongside Cenkos. These companies represented some of the more reputable clients in Cenkos's portfolio.
speedsgh
01/4/2019
17:17
The collapse of Canaccord UK - announced today - may herald an opportunity for Chenkos. Lots of sme clients up for grabs ?
albert zog
01/4/2019
16:57
Thanks speedsgh. It's Crystal Amber wanting a strategic review why I still hold Cenkos. Richard Bernstein is shrewd - discovered that when holding his Eurovestech years ago. Good point about MPL too. But hoping obvious negatives are priced in and either corporate action or recovery isn't.
kenmitch
01/4/2019
15:04
kenmitch - Many thanks for your kind post & apologies for the slow reply. I have no inside line here so can only speculate like anyone else. What is clear is that Crystal Amber, a generally respected activist investor, are clearly not impressed with the current state of affairs at Cenkos whom they have referred to as 'rudderless'. It would appear that the objectives/strategy of the Cenkos board do not currently align with those of Crystal Amber who have been agitating for the company to undertake a strategic review. Holders must draw their own conclusions from this. On the subject of Quindell, Cenkos seem to have a habit of working with some somewhat-less-than-squeaky-clean clients. I do wonder if they may come to regret their association with Mercantile Ports & Logistics Ltd (MPL) [formerly SKIL Ports & Logistics Ltd] in due course?
speedsgh
30/3/2019
08:35
Kenmitch- The Quindell connection - there you have it. FWIW I think he may be ‘warned off’ to use a racing term.
lord gnome
30/3/2019
08:29
Thanks speedsgh for your excellent and well informed posts here. The latest one is particularly interesting. Have you any idea how events will/could pan out if FCA do not give green light? e.g successful low ball bid? Also wondering whether this is linked to the disgraceful Quindell events and CENKOS association with that fraudulent Company?
kenmitch
30/3/2019
07:26
HTTP://www.cityam.com/275464/mark-kleinman-chairs-face-revolt-over-independence-day A Cenkos curiosity Curiouser and curiouser. It’s now 144 days since Jim Durkin’s return as Cenkos Securities’ chief executive was triumphantly broadcast by its board, yet he has still not received regulatory approval. The Financial Conduct Authority, remember, has a 90-day window to approve or reject such applications, although its clock pauses whenever it makes requests for new information or clarifications. Durkin, though, ran Cenkos for nearly six years before he stepped down in July 2017. What the FCA could be deliberating over so painstakingly is beyond most market observers. This week’s full-year results announcement from the AIM-listed broker only deepened the mystery. Rather than reassuring investors that Durkin’s renaissance is on track, it said only that outgoing chief executive officer Anthony Hotson would step down “as soon as a suitable successor has received regulatory approval”. I’m now told that Durkin has a crucial interview with the FCA in the next few days, which should determine whether he gets the green light. Any further delays – or, worse, a decision to block Durkin’s comeback – will leave Cenkos’ embattled board at the mercy of an irritated crop of shareholders.
speedsgh
28/3/2019
07:34
Cenkos the Nomad on this one but not the bookrunner for the placing:- https://uk.advfn.com/stock-market/london/diversified-gas-DGOC/share-news/Diversified-Gas-Oil-PLC-Update-on-Placing-and-Se/79567467
cwa1
26/3/2019
16:20
I fear that some of the 'goings on' in the past, under Jim Durkin's last watch, may have come back to haunt him.
lord gnome
26/3/2019
14:22
Brief take outs from the above comparables & other detail in the results... - Lowest PBT, EPS & DPS since 2011 - Size of client base has not been disclosed. This has been disclosed in both the interim & final results since 2011 so why stop disclosing now? - Continued healthy cash/cash equivalents on balance sheet £33.6m - Outgoing CEO strikes a relatively bullish tone in the outlook statement. OUTLOOK "We have had a better start to 2019 than the same time last year. The pipeline of significant transactions in our business remains strong. Consequently, we look forward to the current year with optimism." THE BOARD "... I announced my intention to step down from the Board as soon a suitable successor has received regulatory approval. On 12 December 2018, Philip Anderson (Finance Director and Head of Compliance) announced his intention to step down from the Board on 31 March 2019. He will continue as Head of Compliance until a suitable successor is appointed and has received regulatory approval." CEO rns 9/10/18: "The Board of Cenkos Securities plc today announces that Anthony Hotson, Chief Executive Officer, will stand down from the Board on 31 October 2018 but will remain an employee of the Company until 31 December 2018. It is anticipated that a successor for Anthony Hotson will be announced shortly." rns 31/10/18: "The Board reported on 9 October 2018 that Anthony Hotson had informed the Board that he was to stand down from the Board on 31 October 2018. The Board is pleased to announce that Anthony Hotson has now agreed to remain as an Executive Director and as Chief Executive Officer until his successor has received FCA regulatory approval. It is anticipated that a successor for Anthony Hotson will be announced shortly." rns 5/11/18: "The Board is pleased to announce that, subject to FCA approval, Jim Durkin is to be appointed as an Executive Director and to the position of Chief Executive Officer once regulatory approval has been received." In today's results there is not a single mention of Jim Durkin. Instead Anthony Hotson states "I look forward to handing over the leadership of Cenkos to a new Chief Executive in the near future who I expect will build upon Cenkos' strengths and deliver growth for all our stakeholders". Is Jim Durkin now out of the picture? If so, was his regulatory approval not granted or did the Board change their mind on his appointment? CFO The original announcement on 12/12/18 stated "Philip Anderson, Chief Financial Officer, has indicated his intention to step down from the Board to pursue other interests and will leave the Company on 31 March 2019". Is PA still leaving the company on 31/3 (i.e. this Sunday)? In view of the short timescales, the fact that they today state that "he will continue as Head of Compliance until a suitable successor is appointed and has received regulatory approval" would perhaps suggest that he will remain with the company for a while longer.
speedsgh
26/3/2019
13:58
A comparison of today's finals against previous years. HTTPS://www.investegate.co.uk/cenkos-securities--cnks-/rns/annual-results-for-the-year-ended-31-december-2018/201903260700119521T/ REVENUE 2011: £37.4m 2012: £43.2m 2013: £51.3m 2014: £88.5m (AA IPO) 2015: £76.5m (BCA Marketplace IPO) 2016: £43.7m 2017: £59.5m 2018: £45.0m PROFIT BEFORE TAX on continuing operations 2011: £5.1m 2012: £7.0m 2013: £10.7m 2014: £27.0m (AA IPO) 2015: £19.9m (BCA Marketplace IPO) 2016: £4.4m 2017: £10.0m 2018: £3.2m BASIC EPS on continuing/discontinued operations 2011: 5.2p 2012: 12.1p 2013: 14.2p 2014: 35.2p (AA IPO) 2015: 27.2p (BCA Marketplace IPO) 2016: 4.7p 2017: 13.2p 2018: 4.2p FULL YEAR DIVIDEND PER SHARE 2011: 5.0p 2012: 7.5p 2013: 12.0p 2014: 17.0p (AA IPO) 2015: 14.0p (BCA Marketplace IPO) 2016: 6.0p 2017: 9.0p 2018: 4.5p SIZE OF CORPORATE CLIENT BASE (as at 31 Dec) 2011: 111 2012: 119 2013: 125 2014: 130 2015: 124 2016: 116 2017: 117 2018: UNDISCLOSED
speedsgh
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