Cenkos Securities Share Discussion Threads

[speedsgh] 29/1/2020 08:42

Loss of mandate. Investec Bank have replaced Cenkos as sole corporate broker & financial adviser to GCP Asset Backed Income Fund (GABI)...

Change of corporate adviser -

EDIT: Cenkos have had regular business raising funds for GABI in recent times...

June 2019 - £63.3m
Dec 2018 - £13m
Sept 2018 - £51.5m
Oct 2017 - £75m
Feb 2017 - £79.25m
Nov 2016 - £15.6m
May 2016 - £44m

[speedsgh] 29/1/2020 08:06

New mandate. Cenkos replace Panmure Gordon as sole broker to One Media IP Group (OMIP)...

Change of Broker -

One Media iP Group plc (AIM: OMIP), the digital media content provider which exploits intellectual property rights around music, video and copyright technology, today announces the appointment of Cenkos Securities plc as sole corporate broker to the Company. Cairn Financial Advisers LLP remains the Company’s nominated adviser.

[speedsgh] 27/1/2020 08:31

New mandate with NextEnergy Solar Fund Ltd (NESF)...

Change of Corporate Broker -

The Board of Directors of the Company announces that it has appointed Cenkos Securities to act as the Company's Sole Financial Adviser and Joint Corporate Broker, alongside Shore Capital, with immediate effect.

[spob] 24/1/2020 07:41

JP Morgan below 3%

who have they sold to ?

[topvest] 23/1/2020 21:11

Yes, could be a good year for Cenkos after a dismal 2019. Well spotted on the above; not a bad start to the year to get something away in January which is always a slow month for transactions with so many companies having December year-end's.

[quepassa] 22/1/2020 16:32

A chunky fee for Cenkos on this important £120m transaction where Cenkos are acting as sole Financial Adviser to the Buyer, Buchan in their recommended offer for Score.

The pent-up demand for M&A and Corporate Finance Advisory services since the new majority business-friendly Government was formed, is now showing signs of exploding.

Just this afternoon, the CBI reported that Optimism among manufacturers rose at the fastest pace ever recorded by the CBI in the last quarter.

ALL IMO. DYOR.
QP

[speedsgh] 21/1/2020 17:46

Cenkos will be earning a fee on this transaction...

RECOMMENDED CASH OFFER for SCORE GROUP PLC by BUCHAN 2 LIMITED -

Cenkos Securities (Financial Adviser to the Buyer)

[speedsgh] 21/1/2020 00:38

Shame Cenkos weren't a part of this £120m fundraising. Would have been nice but they were replaced a year ago by Cannacord Genuity as broker to IGR. Both CG contacts named in the rns are ex-Cenkos.

[zzxqry] 17/1/2020 19:24

Looks like you got stopped out on the dip

[trident5] 17/1/2020 16:33

More buying for the founder today.

[f15jcm] 16/1/2020 19:26

Not one for those who use a stop loss

[fredfishcake] 16/1/2020 16:18

It's a bit volatile this one isn't it?

[tole] 16/1/2020 15:05

Nice bounce back up after yesterday's drop

[cwa1] 08/1/2020 07:55

Appointment of Broker

Cenkos today announces the appointment of Cenkos Securities plc as the Company's sole broker with immediate effect.

Cenkos appoint....Cenkos :-)

[speedsgh] 07/1/2020 07:35

Loss of mandate. Cenkos have been replaced as Nomad/sole broker to Beeks Financial Cloud Group (BKS) by Canaccord Genuity...

[seagreen] 06/1/2020 16:38

By george he has got it

[albert zog] 03/1/2020 16:28

Let the winds blow high;
Let the winds blow low;
Down the street in my kilt I go;
And all the ladies say hello;
Donald where’s your troosers

That is true Andy Stewart

[brucie5] 03/1/2020 14:54

Mini double top at 60p, reminiscent of what it's like to hit your head on a wooden beam. Bought some yesterday for recovery plus income while I wait.

[its the oxman] 30/12/2019 13:52

More to go but some resistance 70-75p

[spob] 24/12/2019 14:11

Cenkos shares leap after founder takes fresh stake




Andy Stewart left the board of the London stockbroker almost a decade ago


In recent months Cenkos has completed IPOs of companies including MJ Hudson and Brickability despite some of the worst conditions in UK equity markets for a decade


Cat Rutter Pooley yesterday

Financial Times


Andy Stewart, the founder of two of the City’s highest profile independent brokerages, Collins Stewart and Cenkos Securities, has taken a fresh stake in Cenkos nine years after he left the broker.

Mr Stewart has picked up a 7.4 per cent stake in Cenkos, the company said on Monday, partially reversing a series of share sales since 2010 that cut his holding from almost 23 per cent to zero.

Shares in Cenkos jumped 12 per cent to 49.9p after his return to the shareholder register was disclosed.

Cenkos’s share price has suffered in recent years from a dearth of UK IPOs, the area in which it specialises.

The broker’s early success was driven by a close relationship with fund manager Neil Woodford, who backed many of its deals after Mr Stewart founded the company with colleagues from Collins Stewart in 2005. At its peak in 2007, a year after it floated on Aim, shares in Cenkos were worth more than 270p and Mr Stewart’s stake was valued at more than £40m.

However, a decline in the number of deals since 2016, as well as heightened competition between small brokers with firms such as Numis and Peel Hunt coming to dominate the mid-market, has hit the shares of Cenkos as well as rivals such as WH Ireland and Arden Partners. Before Mr Stewart’s share purchase was announced, Cenkos’s market capitalisation on Friday was just £26m.

A year ago Cenkos announced the return of co-founder Jim Durkin as chief executive in an effort to reverse a 90 per cent decline in profits during his 18-month absence from the company.

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Mr Stewart was supportive of that move. But Mr Durkin on Monday said there had been no discussions with Mr Stewart about his return to the shareholder register of Cenkos.

“It is nice to have him back on the register . . . [But] this decision is entirely his,” Mr Durkin told the FT.

His own return to the helm was only confirmed in August, after the regulator took nine months to approve his appointment.

But he has since sought to return Cenkos to its focus on dealmaking and has engineered a board reshuffle. In recent months Cenkos has completed IPOs of companies including MJ Hudson and Brickability despite some of the worst conditions in UK equity markets for a decade.

Mr Durkin said the company’s performance during the second half of the year was likely to be better than the first half, when revenues fell from £18.1m to £10.6m and the broker reported the first loss in its 14-year history.

[spob] 24/12/2019 13:54

maybe this will be taken private, who knows

very cheap stock though given the long term performance, dividend payments and cash on the balance sheet

[mattboxy] 24/12/2019 13:15

If you read the whole post I'm asking for opinions. Do you have any? Is he building a stake for a takeover or on behalf of someone??R there any rumours out there

[topvest] 24/12/2019 13:04

United Oil & Gas plc still to come through as another IPO.