Cenkos Securities Share Discussion Threads

[joe say] 29/7/2016 08:11

It's not just misplaced advice though is it

Perhaps you'll take a different view once the report is out

[garycook] 29/7/2016 02:31

Anyone have any ideal on the Dividend forecast for 2016/17.Are we talking of 7 or 8p a share on CNKS.

[keith95] 28/7/2016 19:00

misplaced advice on a listing that didn't happen ... is not quite on the scale of rigging LIBOR, FOREX, or PPI miss selling though is it?

Back up today ... average hold @124.06 Target hold price £1.00 a share :)

[quepassa] 28/7/2016 11:34

Some parties may or may not be waiting to see any potential written findings of the FCA and/or some parties may or may not be waiting to see the outcome of the Serious Fraud Office investigation into Quindell.

ALL IMO. DYOR.
QP

[keith95] 28/7/2016 10:44

"Has anyone sold out this am on the back of a potential fine?"

FCA is not the serious fraud office which was the fear December last.

I bought back yesterday @ 119.5 @ 120.

[joe say] 28/7/2016 08:34

LOL - fully agree with you as you can't argue with that logic

may or may not continue to impact upon sentiment !!!

[quepassa] 28/7/2016 08:32

Not one but two articles in The FT today mentioning Cenkos.

1. Page 18. Lombard Column headed: " Watchdog should raise barriers to prevent any Quindell lookalikes"

2. Page 19 article headed " FCA investigates Cenkos over Quindell"


These articles, in my opinion only, are not necessarily flattering for Cenkos.

In my view only, these articles about Cenkos and their one-time association with Quindell may or may not continue to impact upon sentiment.


ALL IMO. DYOR.
QP

[spob] 27/7/2016 10:36

No - this news is irrelevant in the grand scheme of things

[joe say] 27/7/2016 10:34

But it's not the fine per se is it?

It's the fact that CNKS incurred it and questions its integrity etc

[imranawan] 27/7/2016 10:33

Has anyone sold out this am on the back of a potential fine? Trading volumes quite small and if the FCA do impose a fine of £700k this won't cripple the company financially given the bal sheet strength.

[keith95] 27/7/2016 10:31

... Guess I was, however, lucky selling a bunch at 127 over the past couple of day ... looking to buy back ... but this is about advice given for the main market listing which had people from Cenkos resigning from QPP if I remember rightly ...

.. so let the market throw its toys out of the basket :)

[keith95] 27/7/2016 10:20

"The Company notes the recent press speculation that it is subject to an investigation by the Financial Conduct Authority ("FCA") into its work advising Quindell plc (now known as Watchstone Group plc) on its planned move to the main market of the LSE in 2014. The Company can confirm that there is an FCA investigation in progress but no further details can be provided until the FCA have concluded their investigation. "

... so Cenkos denied it was being investigated by the serious fraud office ... and the above looks to me like a slap on the wrists.

Lets face it ... Mr Terry according to the newspapers had a number of questions to answer ... and it would have been difficult to supervise someone if you didn't know what the right questions were to ask.

[poacher45] 27/7/2016 10:01

It will be interesting to see if they fine Cenkos how much they fine the accountants. It was there figures which were totally wrong.

[quepassa] 27/7/2016 08:37

Assuming the Sky News article is correct, any potential FCA financial penalty for Cenkos is one thing.

But the potential real and heavy cost in my opinion may or may not be to the reputation and standing of Cenkos when the findings are published as to the reasons given for any such penalty.

The Sky article says that the status of the ongoing Serious Fraud Office enquiry into Quindell is unclear.

ALL IMO. DYOR.
QP

[joe say] 27/7/2016 08:20

Good - about time the FCA showed some bite - with the Quindell case so blatantly an obvious breach imo

[speedsgh] 27/7/2016 08:05

Broker Cenkos faces FCA fine over Quindell -

One of the City's most ‎prominent stockbrokers is facing a fine of hundreds of thousands of pounds over its relationship with a scandal-hit insurance technology group.
Sky News has learnt that the Financial Conduct Authority (FCA) has told Cenkos Securities that the firm may be hit with a penalty of roughly £700,000 because of failings in its stewardship of Quindell, a listed company.
Cenkos and the FCA are understood to be in discussions about the ‎penalty, but sources said it was possible that it might not be made public for several weeks.
Under the regulator's enforcement sanctions regime, ‎firms are entitled to a discount for settling early in the proceedings, implying that a fine imposed on Cenkos could ultimately be lower…

[speedsgh] 20/7/2016 10:48

Investec Bank have been appointed as joint corporate broker by GVC Holdings (GVC) alongside Cenkos. Probably not the most surprising of news considering the size/status of GVC since their reverse takeover of BPTY earlier this year...

Appointment of Joint Corporate Broker -

GVC Holdings PLC (LSE:GVC), a leading e-gaming operator in both B2C and B2B markets, is pleased to announce the appointment of Investec Bank plc as joint corporate broker with immediate effect.

[speedsgh] 20/7/2016 10:44

Assume that Cenkos, in their capacity as Nomad/broker, may be acting on this £8m placing of 'Deep Discount Bonds' for Gusbourne (GUS)...

Placing of Deep Discount Bonds -

The Company announces its intention to raise up to £8,000,000 by way of subscriptions for secured deep discount bonds ("Bonds").

The Company also intends to issue share warrants ("Warrants") to Bond holders on a pro-rata basis giving them the right to subscribe for new ordinary shares in the Company ("Shares") at an exercise price of 75 pence per Share. The Warrants will be issued at no cost to Bond holders. The Company may increase the total amount raised by subscriptions for the Bonds but in any event will not raise a total of more than £10,000,000.

[speedsgh] 20/7/2016 10:37

Cenkos acting as broker on £35m placing for Restore (RST)...

Proposed Acquisition and Placing -

[keith95] 12/7/2016 11:58

"some rather rich businessmen who had left afghanistan during the war years"

"it wasnt money or riches they were after!"

Makes sense ... if they had enough money.

Russia/USA/UK have all had a go at Afghanistan over the past 36 years ...

.... never mind Iraq/Syria/Libya ....

.. we should have left well alone.

These places are war zones ... I would want to move from such places ... and it is the fault of the west .. you and I.

Anyway ... what is done is done .... and the UK has injected itself with its own instability in one of the most stupid election campaigns I've seen in my lifetime.

The lesson to be learned is how fundamentally easy it is to manipulate a population ...

... be it ISIS or be it a 'leap into the light', '350 million for the NHS', 'immigrants will take your jobs', 'overloaded public services' .....

... the fundamental problem for the UK was a long term declining population with 1.9 births per woman since 1974 ... and after 18 years of Tory rule ... few skilled and semi-skilled people as the UK moved over to service industry .. C/O Thatcher. Hence Blair was quite correct in pointing to UK growth being attributed to EU skilled Labour coming to the UK in early 2000's. New Labour's failure was to invest in apprentices skilled/semi-skilled workforce at the time - something that Cameron to his credit has tried to address.

Late planning by the Blair government in taking into account the imported overload, followed by Austerity max by the recent Tory government - for example, the numpty Gove cut the 55 billion schools investment proposed by New Labour - then allowed 50% of free schools to be opened in the wrong places ... I presume Tory not Labour areas. So we have 3,000 fewer schools and 14,000 fewer free hospital beds since 1989 ... so of course the public services are cramped given the increase in the UK population.

Of course the irony, is that New Labour in 2010 proposed austerity light, and after 6 years of Austerity max by the Tories, they are now moving over to Austerity light .. meaning the country went through 6 years of pain for nothing.

In a growth model of a nation - a declining plus ageing population leads to said nation's own investment crunch because the young would be unable to support the old ....

... this was Salmon's argument for an indy Scotland and the need for 66,000 immigrants a year according to the indy Scottish white paper on independence ...

... and one that he elaborated upon in the EU referendum by pointing out that a society like Scotland where there is an emigration problem is far worse than the immigration problem.

What we will see now I suspect, is another brain drain aka the 60's because life in the UK will become sh*t .. and those who voted remain .. ie those with degrees and passports will move because they can.

Anyway .. bought more of Cenkos .. nice to see it starting to move up.

GLA

[doc_oj] 12/7/2016 00:39

@keith95: i have no intention of arguing for or against brexit but just want to make a point ... quite a few years back I experienced seeing some rather rich businessmen who had left afghanistan during the war years and believe it or not, it wasnt money or riches they were after!

[spob] 11/7/2016 12:46

Thanks Gary


Topped up here today

Even after the fall in earnings this year the price here is too cheap imo

very strong balance sheet holding £30m in net cash


This company has a long history of profitability and consistent dividend payments

Obviously profits are bumpy at times due to the ups and downs of the markets

If you're in for the long term that shouldn't worry you

[garycook] 11/7/2016 12:39

spob,Nice job.

[spob] 11/7/2016 12:35

new thread here if anyone is interested...