Cenkos Securities Share Discussion Threads

[topvest] 06/3/2017 21:25

Cenkos are the broker to Aberdeen Asset Management I believe. No fundraise, but must be something in it for them for an £11BN merger.

[speedsgh] 06/3/2017 14:28

Further to post #2168 above, confirmation that Cenkos have been involved in the placing for 88 Energy (88E). Looks like their fees may have been paid in shares rather than cash...

Oversubscribed Placement to Raise A$17 million -

88 Energy Limited ("88 Energy" or the "Company") (ASX:88E, AIM 88E) is pleased to advise that it has successfully completed a bookbuild to domestic and international institutional and sophisticated investors to raise A$17 million (the "Placement") through the issue of 459,459,460 ordinary shares of no par value (the "New Ordinary Shares") at A$0.037 (equivalent to £0.023) per New Ordinary Share (the "Placement Price"). The Placement was significantly oversubscribed...

..Cenkos Securities plc acted as the Company's Nominated Adviser and Sole Broker to the Placement in the United Kingdom...

...In addition, the Company has agreed to issue 4,054,054 ordinary shares of no par value (the "Fee Shares") at the Placement Price to third parties in lieu of fees...

[speedsgh] 02/3/2017 12:05

Further to post 2164 re the IPO of UP Global Sourcing Holdings (UPGS).

Prospectus -

...Shore Capital and Corporate Limited, Shore Capital Stockbrokers Limited and Cenkos Securities plc (together, the “Banks”)...

...Cenkos has been appointed as Joint Bookrunner to the Company...

...in consideration for the services provided the Company has agreed to pay to Shore Capital an advisory fee of £300,000 (plus applicable VAT) for acting in its role as Sponsor. Cenkos will be paid an advisory fee of £50,000 (plus applicable VAT). These advisory fees are payable on Admission;

...in consideration for the services provided the Selling Shareholders have agreed to pay to the Banks a commission of 4.0 per cent. of an amount equal to the Offer Price multiplied by the aggregate number of Offer Shares to be sold, split 75 per cent. as to Shore Capital and 25 per cent. as to Cenkos;

From yesterday's rns (
"The Offer is expected to raise gross proceeds of £52.6 million for the Selling Shareholders."

So potential Cenkos fee is 1% of £52.6m = £526k commission + £50k advisory fee = £576k

[speedsgh] 02/3/2017 11:47

Cenkos may be involved in this fundraising for 88 Energy (88E) if they are trying to raise some of the funds in the UK; 88E are looking to raise up to A$17m (c£10.6m). Cenkos were involved in their previous fundraising in Apr 2016.

ASX Trading Halt and Proposed Capital Raising -

88 Energy Limited (the "Company") announces that its shares have been placed in a trading halt on the Australian Securities Exchange ("ASX") pending the release of an announcement in relation to a potential capital raising.

Indicatively, the Company is seeking to raise gross proceeds of up to A$17 million (c.£10.6 million) at an issue price at or around A$0.037 (£0.023) per share. The shares in the Company will continue to trade on AIM during this period.

It is currently intended that any such capital raising will utilise the Company's existing authorities and will not be subject to shareholder approval. The Company confirms that no terms for any such capital raising have been agreed and there can be no guarantee that a capital raising will be completed.

[topvest] 01/3/2017 20:44

That's a better transaction if they can close it.

[speedsgh] 01/3/2017 11:28

Cenkos appointed as Joint Placing Agent & financial adviser to Tufton Oceanic Assets Limited who are looking to raise in excess of US$150m on IPO. Admission of shares to trading is expected on 3 April.

ANNOUNCEMENT OF INTENTION TO FLOAT -

Tufton Oceanic Assets Limited today announces its intention to launch an initial public offering of ordinary shares in the capital of the Company ("Ordinary Shares") ("IPO"). The Company will be making an application for admission of its Ordinary Shares to trading on the Specialist Fund Segment ("Admission")...

...Placing and Offer for Subscription targeting a fund raise in excess of US$150 million...

...Cenkos Securities plc ("Cenkos") and Hudnall Capital LLP ("Hudnall") have been appointed as Joint Placing Agents and financial advisers to the Company.

[speedsgh] 01/3/2017 11:19

Cenkos appointed as joint broker to UK Oil & Gas Investments (UKOG) alongside WH Ireland...

Directorate Change and Appointment of Co-Broker -

UKOG is pleased to announce that it has appointed Cenkos Securities plc to act as its joint corporate broker with immediate effect...

...Cenkos has established a reputation as one of the leading corporate brokers in the AIM oil and gas sector. We look forward to working with them as UKOG enters an important phase of activity.

[speedsgh] 01/3/2017 11:16

Some possible business for Cenkos in the IPO of UP Global Sourcing Holdings (UPGS). However the rns does not make it very clear whether Shore Capital is acting alone on the IPO or whether Cenkos are acting alongside them. Anyhow one assumes that Cenkos might be retained and future work may come their way on behalf of UPGS...

UP Global Sourcing Holdings plc: Initial Public Offering - announcement of Offer Price -

UP Global Sourcing Holdings plc (the "Company" or "Ultimate Products"), the innovative consumer goods group, today announces the successful pricing of its initial public offering (the "Offer") of ordinary shares of 0.25p each ("Ordinary Shares"), (the "Offer Shares") at 128 pence per Offer Share (the "Offer Price"). Shore Capital is acting as Sponsor, Global Co-ordinator and Bookrunner...

...Shore Capital is acting as Sponsor, Global Co-ordinator and Bookrunner to the Company, and Cenkos is acting as Joint Bookrunner to the Company.

[speedsgh] 27/2/2017 10:43

Good spot, Markie. Cenkos are working alongside Allenby Capital on £18m placing/open offer for Totally (TLY).

Placing and Open Offer to raise up to £18.0 million -

[qs99] 27/2/2017 10:20

TU was a week or so ago this time last year, any thoughts on whether they will issue on before prelims?

[markie7] 27/2/2017 10:11

here is £18m of it.

[luckymouse] 27/2/2017 03:08

Couple of inside bars at rst implies squeeze before a move - upside favored

[keith95] 25/2/2017 17:49

Poisson processes predict that buses are likely to come in pairs as a statistical consequence - so lean times will be compensated for by flurries of deals ... so need not make sense to compare exact time frames across different years.

[topvest] 17/2/2017 19:43

Yes, but £270m this time last year and £170m the year before. They still have some work to do! Need some good deals in March as transactions start to come through following Dec 2016 numbers becoming available.

[keith95] 17/2/2017 16:42

Cenkos website has £100 Million down for 2017 thus far.

[speedsgh] 17/2/2017 09:04

Potentially negative announcement this morning that Stifel Nicolaus Europe have been appointed to act as joint broker for Hurricane Energy (HUR) alongside existing broker Cenkos. HUR were an important client for Cenkos in 2016 with £126.5m raised over to separate fundraisings.

Appointment of Joint Corporate Broker -

[topvest] 14/2/2017 20:53

They are also acting on the Aberdeen Diversified Income and Growth Trust merger with Aberdeen UK Tracker trust which will help with some more fees. Quite a big deal, but no new money.

[speedsgh] 14/2/2017 14:01

Cenkos raising up to £8m via placing/open offer for Collagen Solutions (COS)...Conditional Placing and Open Offer to raise up to £8.0 million -

[luckymouse] 11/2/2017 16:19

Second rally after the pullback is weaker - but if it breaks over 100 & ST osc's bounce off the mid line it will fill to main resistance v quickly - theres no congestion at all. Bull flag leg heights also match.

[garycook] 11/2/2017 04:42

Starting to get a bit of traction now,and more deals coming CNKS way.Can only be good for the share price Holding here for a recovery to at least 150 a share,maybe more.Are there any broker analysis for CNKS atm eg Smith & Williamson.Also a Trading announcment is probably due this week.Last year it was Tue 16th Feb.

[speedsgh] 10/2/2017 15:53

Cenkos have been raising funds for GCP Asset Backed Income Fund (GABI) again. GABI were targeting Gross Proceeds of £100m. Eventually managed to raise £79.25m...

C Share Issue and publication of prospectus -

Further to the announcement by the Company on 5 January 2017, the Directors of GCP Asset Backed Income, which invests in asset backed loans, are pleased to announce that the Company has today published a prospectus ("Prospectus") setting out details of a fully pre-emptive offer of C Shares targeting Gross Proceeds of £100 million in February 2017...

...Cenkos, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as sponsor, sole placing agent and financial adviser to the Company...

Result of Open Offer, Placing and Offer for Subscription -

The Board of GCP Asset Backed Income, which invests in asset backed loans, is pleased to announce that the Company has received applications from investors in respect of 79,250,000 C Shares at an Issue price of 100 pence per C Share, raising gross proceeds of £79.25 million, pursuant to the fully pre-emptive offer of C Shares (the "Issue") announced on 20 January 2017.

[cwa1] 08/2/2017 11:16

Morning

In the spirit of "every little helps".....



Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to announce that Cenkos Securities plc has been appointed as Nominated Adviser and Joint Broker to the Company with immediate effect.

[speedsgh] 03/2/2017 13:15

markie - Many thanks. How on earth did that one slip thro the net? Possibly because it was released as 2.40pm & I usually check first thing in the morning. Looks like a useful bit of work for Cenkos...

Placing of new Ordinary Shares to raise approximately £40.0million -

Mercia Technologies, a national investment group focused on the creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions, is pleased to announce a conditional placing of, in aggregate, 86,956,521 Placing Shares at 46 pence per Placing Share. The Placing Price represents a discount of approximately 8.9 per cent. to the closing mid-market price of 50.5 pence per Ordinary Share on 30 January 2017 (being the last practical date prior to the announcement of the Placing).

Once completed, the gross proceeds from the Placing will be approximately £40.0million...

Cenkos, which is authorised and regulated in the United Kingdom by the FCA and is a member of the London Stock Exchange, is the Company's nominated adviser and broker for the purposes of the AIM Rules in connection with the Placing...

[markie7] 03/2/2017 12:56

mercia - £40m

[speedsgh] 03/2/2017 09:25

Hi Markie - Interesting. Can you share what deals they say they have done already this year? I have only seen announced Kromek Group (KMK) £21m placing/open offer & Cello Group (CLL) £15m placing to date so am intrigued to know how they have got to £75m. TIA