Cenkos Securities Share Discussion Threads

[cwa1] 27/3/2017 17:59

Huge, and I use that word advisedly, oil find announced by Hurricane this morning. CNKS the NOMAD and joint broker. Decent possibility of a large cash call/debt funding at some point IF they don't get bought out, or farm out a portion of it to an oil major:-



BBC News report:-



Many a slip 'tween cup and lip of course but I would be surprised if there wasn't a decent amount of business for CNKS on the back of this one way or the other.

[garycook] 27/3/2017 03:17

Final results should be due at any time ? March 24 were last years finals.

[speedsgh] 26/3/2017 21:24

Not sure about that, Keith. Most IPOs seem to be getting away fine. Possibly more indicative of Cenkos generally operating at the lower quality end of the market.

[keith95] 26/3/2017 14:02

I'm guessing that Brexit uncertainty is still having an affect on new IPOs.

[speedsgh] 24/3/2017 12:25

Further to post #2166, Tufton Oceanic Assets have today announced that they are postponing the closing date for the US$150m+ Placing and Offer for Subscription by 6 weeks to enable potential investors to complete further due diligence. Not very reassuring. Cenkos are acting as Joint Placing Agent & financial adviser alongside Hudnall Capital LLP...

PLACING AND OFFER FOR SUBSCRIPTION TIMETABLE CHANGES -

[speedsgh] 23/3/2017 10:51

Cenkos are acting for Eddie Stobart on their proposed IPO including a placing to raise £130m of new funds.

Eddie Stobart announces intention to float on AIM -

Eddie Stobart, a leading supply chain and logistics organisation, today announces its intention to seek admission of its entire issued and to be issued share capital to trading on AIM ("Admission") and to conduct a placing of new and existing Ordinary Shares with institutional investors (the "Placing" and together with Admission, the "IPO"). Dealings in the Company's Ordinary Shares on AIM are expected to commence in April 2017.

...The Company is targeting a market capitalisation on Admission in excess of £550 million with approximately £130 million of proceeds to be raised for the Company...

...Cenkos Securities plc is acting as Nomad and Broker to the Company on its Admission to AIM.

[speedsgh] 21/3/2017 10:07

Following the appointment of Cenkos as nominated adviser & joint broker to Frontier IP Group (FIPP) in Feb 2017, Cenkos have now acted on FIPP's placing to raise £3m...

Placing to raise £3 million (17/3) -

Frontier IP, which specialises in the commercialisation of intellectual property, is pleased to advise that it has successfully completed a placing to raise gross proceeds of £3 million (the "Placing") through the issue of 7,500,000 ordinary shares of 10 pence (the "Placing Shares") at 40 pence per Placing Share (the "Placing Price")...

...The Placing was conducted by the Company's nominated adviser and joint broker, Cenkos Securities plc.

[topvest] 19/3/2017 10:58

Yes, still a surprising lack of AIM admissions though. Definitely not a true bull market.

[keith95] 19/3/2017 09:06

"Our pipeline for 2017 is strong and, notwithstanding an uncertain market with continued political and economic uncertainty, we look forward to 2017 with measured confidence."

This is what Panmure wrote in January this year ..... so the sector would seem to be picking up as one might expect under Trumpf optimism.

[garycook] 18/3/2017 03:16

keith,Sounds good to me.

[keith95] 17/3/2017 18:07

"Some tasty buys of £102k,£45k,and £43k,this morning."

Yup - more for the CNKS pension pot at very cheap prices. These buys often happen at the beginning of each month.

Panmure seem to have successfully run a loss making business for quite some time ....

Makes most sense for CNKS to merge with Numis say to group UK/US/Singapore interests into a single group.

[garycook] 17/3/2017 12:42

Speeds,Exactly spot on with that observation.I believe they would all love to sell out now around 150/160p.

[speedsgh] 17/3/2017 12:17

Whilst I don't believe that there is much to read across from the news of the Panmure takeover, it has made me think about the possibility of any future exit strategy for the various founder shareholders at Cenkos.

The following is a list of the directors that also have the largest shareholdings in the company:

Paul Hodges (Executive Director) owns 8.98% of shares in issue; FOUNDER SHAREHOLDER; born Aug 1959 = 57 yrs old
Jim Durkin (CEO) owns 8.79% of shares in issue; FOUNDER SHAREHOLDER; born Jan 1960 = 57 yrs old
Nicholas Wells (Executive Director) owns 3.85% of shares in issue; born May 1954 = 62 yrs old
Joe Nally (Executive Director) owns 1.88% of shares in issue; FOUNDER SHAREHOLDER; born Feb 1952 = 65 yrs old

The above shareholdings do NOT take account of options (if any) that the directors may have to acquire further shares in the company.




All of these director/founder shareholders are getting fairly long in the tooth. What might be their exit strategy & over what timescale? Worth pondering.

[garycook] 17/3/2017 11:32

Some tasty buys of £102k,£45k,and £43k,this morning.

[speedsgh] 17/3/2017 10:58

I wouldn't read too much into the Panmure takeover. It's been on the cards imo ever since QInvest (Qatar's largest investment bank) bought a 44% stake in Panmure at 34p in 2009.

[garycook] 17/3/2017 10:34

Now that would be good,if someone comes for CNKS !

[spob] 17/3/2017 08:30

yep and at a whopping 68% premium

[cwa1] 17/3/2017 07:42

I see there's been an offer for Panmure this morning.

[garycook] 17/3/2017 01:50

speeds.Yes nice makeover,but still no declaration of any updates.Panmure Gordon news should help the share price today.More merger,s or take over,s to come.

[speedsgh] 16/3/2017 21:00

The Cenkos website has had a rather extensive makeover since I last visited it!

[speedsgh] 16/3/2017 20:54

Further to post 2163, Totally (TLY) have today confirmed that they have raised gross proceeds of £17.6m via their placing/open offer. The Open Offer was undersubscribed. Cenkos were joint broker alongside Allenby Capital.

Result of General Meeting and Open Offer -

[garycook] 14/3/2017 11:04

jitters.It looks that way today.Update or results should be due soon !

[jitters3] 14/3/2017 10:46

Buys coming trend reversal IMO

[speedsgh] 07/3/2017 13:07

Re Standard Life/Aberdeen Asset Management "merger" i.e. takeover.

More details re any Cenkos involvement will hopefully be contained within the Scheme Document when it is released (early May).

[boonboon] 06/3/2017 22:55

Might have to split the pieces three ways. Notices Relating to Financial AdvisersGoldman Sachs International, which is authorised by the PRA and regulated by the FCA and the PRA in the UK, is acting exclusively for Standard Life and no oneelse in connection with the Merger and will not be responsible to anyone other than Standard Life for providing the protections afforded to clients of GoldmanSachs International or for providing advice in relation to the Merger or any other matters referred to in this Announcement.J.P. Morgan Limited, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised and regulated in theUnited Kingdom by the FCA. J.P. Morgan Cazenove is acting as financial adviser exclusively for Aberdeen and no one else in connection with the matters set outin this Announcement and will not regard any other person as its client in relation to the matters set out in this Announcement and will not be responsible to anyoneother than Aberdeen for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, or for providing advice in relation to any matterreferred to herein.Credit Suisse International ("Credit Suisse"), which is authorised by the PRA and regulated by the FCA and the PRA in the United Kingdom, is acting as financialadviser exclusively for Aberdeen and no one else in connection with the matters set out in this Announcement and will not be responsible to any person other thanAberdeen for providing the protections afforded to clients of Credit Suisse International, nor for providing advice in relation to the Merger, the content of thisAnnouncement or any matter referred to herein. Neither Credit Suisse International nor any of its subsidiaries, branches or affiliates owes or accepts any duty,liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of CreditSuisse International in connection with this Announcement, any statement contained herein or otherwise.Cenkos Securities PLC, which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively for Aberdeen and no one else in connectionwith the Merger and will not be responsible to anyone other than Aberdeen for providing the protections afforded to clients of Cenkos Securities PLC, nor forproviding advice in relation to the Merger or any other matters referred to in this Announcement.