Cenkos Securities Dividends - CNKS

Cenkos Securities Dividends - CNKS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Cenkos Securities Plc CNKS London Ordinary Share GB00B1FLHR07 ORD 1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Previous Close Last Trade
0.00 0.0% 47.00 46.50 47.00 47.00 47.00 08:00:12
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Industry Sector

Cenkos Securities CNKS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

albert zog: That is brilliant analysis speedsgh. Well done. Would be interesting to see the average annual share price over this timeline
quepassa: Not really with Edison who have very high standards in my opinion. Edison DO NOT GIVE SELL/BUY/HOLD Recommendations nor do they give SHARE PRICE valuations/targets (unlike some). They give professional and detailed analysis and leave it up to you to make your own mind up. There are indeed other non-independent research companies which shall remain nameless and which provide paid for research and which may or may not operate differently. My personal opinion of Edison is high. Have you read it? What do you think? ALL IMO. DYOR. QP
quepassa: Pretty much a confirmation by the CEO that a final dividend will be paid. The recent interim divi declared in September 2019 was 2p. Taking an educated guess that final dividend will be the same as last year at 2.5p, Cenkos is now trading at a prospective yield of some 7% at a share price of 65p. Of course, the final divi may be higher than 2.5p. Combined with a very buoyant outlook indeed, this is beginning to look very encouraging again and a clear sign that the sector has rapidly become much more favourable. The grave uncertainty which had shrouded the market for so long due to Brexit has lifted and the pent-up demand for M&A, IPO's and cash-raisings for business investment is now coming on stream fast. An excellent update. In my view, there is significant upside in the short and medium-term for the sector, for Cenkos, and for the share price. ALL IMO. DYOR. QP
spob: https://uk.advfn.com/stock-market/london/cenkos-securities-CNKS/share-news/Cenkos-Securities-PLC-TR-1-Notification-of-major/81591758 JP Morgan below 3% who have they sold to ?
spob: Cenkos shares leap after founder takes fresh stake Https://www.ft.com/content/54172af0-256d-11ea-9305-4234e74b0ef3 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. Recommended Analysis UK politics & policy Emphatic UK election result stirs talk of a revival in dealmaking 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.
kenmitch: Have checked and there is not going to be an update. They tend not to issue updates unless it's if results are likely to be ahead or behind expectations. Companies have to issue an update then. Recent transactions strongly suggest the worst is over and well and truly priced in too. It was looking much more optimistic for 2020 too, what with clear cut Election result which meant no more cliff edge Europe votes, and Johnson could revert to traditional One Nation Toryism. But no sooner thought that and it was back to possible cliff edge later next year. The last thing business needs is yet more uncertainty over Europe. Even so 2020 looks very unlikely to be as bad for the sector as 2019 and fingers crossed Cenkos continue to win new business. Note too (as Edison note showed) how very cheap Cenkos share price is compared with Numis. Yet Numis has done well since the Election whereas Cenkos continues to bump along at multi year lows. So it wouldn't need much for Cenkos share to recover fast.
seagreen: Historically when conditions are better they have paid out a very healthy dividend yield as a lot of the Directors and employees are shareholders. In a healthy market it is not too ridiculous to see a 20% return on the current low share price in a years time.
quepassa: For followers of the financial theory of Mean Reversion, Exhibit 15 on the Edison Research note today is fascinating. It details and graphs the ten year history of share price to book value for Cenkos. The ten year average is 2.4x, having peaked near 4x on a few occasions. The current ratio is just 1x which is a ten year (if not all-time) low. Edison comments: "Cenkos’s current rating at 1x book represents a low point over this period reflecting the difficult market background, but also suggesting an opportunity on a medium to longer view given the potential for a substantial recovery in earnings and return on equity." And The Employee Trust just keeps on buying.... ALL IMO. DYOR. QP
speedsgh: Further to posts #3205/3209, a recommended offer has today been announced for Brady (BRY). This is very much a fire sale. Possibly directors (and their advisers?) attempting to brush a sorry tale under the carpet. Recommended Final Cash Offer - HTTPS://www.investegate.co.uk/hanover-acquisition/rns/recommended-final-cash-offer/201910141723568357P/ The offer is pitched at 10p per share which "represents a premium of 50.8 per cent. over the closing middle market price of 6.63 pence per Brady Share on 11 October 2019, being the Business Day immediately prior to the date of this announcement, and 31.1 per cent. over the closing middle market price of 7.63 pence per Brady Share on 3 October 2019, being the Business Day on which Hanover Bidco made the approach to the Brady Directors regarding the Offer." For any unfortunate shareholders it also represents a loss of 82% on the share price on 20 August, the day before the Trading Update which contained the profit warning. However, as the announcement makes clear, 10p per share is better than 0p... "Should either the Offer not become Effective or additional third party funding not become available, in each case, before Brady requires additional working capital, there is a risk of the offer lapsing and Brady Shareholders receiving no or little value." Cenkos are financial adviser & Nomad to Brady... "The Brady Directors, who have been so advised by Cenkos as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable and in the best interests of Brady and Brady Shareholders as a whole. In providing advice to the Brady Directors, Cenkos has taken into account the commercial assessments of the Brady Directors. Cenkos is providing independent financial advice to the Brady Directors for the purposes of Rule 3 of the Code." It has been alleged that Brady, "in part with the collusion of Nomad Cenkos", withheld damaging price sensitive information from the AIM Market and investors. So maybe a small fee for Cenkos for financial advice on the deal but some possible mud to go with it?
speedsgh: Hi QP. I am not qualified to make a qualitative comparison between WHI & CNKS. However the CNKS TU of 19/12 was backward-looking (and I am guessing largely as a result of the fees earned on the ESUR takeover which completed in Dec) whereas the WHI statement today is forward-looking so of potential relevance to all sector peers. AFAICT CNKS have been involved in just 2 fundraisings in Jan/Feb 2019: a £1.15m subscription for Personal Group (PGH) & a £21m placing/open offer for Kromek Group (KMK). Whilst 2 months does not make a year, it is interesting to compare Jan/Feb performance to recent years (based on fundraisings announced): Jan/Feb 2016: £270m Jan/Feb 2017: £163m Jan/Feb 2018: £54m Jan/Feb 2019: £22.15m Numis AGM Update on 5/2/19: "Since the start of the financial year [on 1/10/2018], UK equity indices have suffered material declines and the domestic political situation has significantly impacted investor sentiment in the UK. As a result the market backdrop has been particularly challenging for our corporate and institutional clients, which has ultimately impacted our trading performance in the first four months of the year... ... We have a good pipeline of opportunities, and would expect to see a meaningful increase in revenue, as and when there is greater clarity regarding the UK macro-economic and political landscape." All this would suggest that times are tough for the sector. AFAICS possible short-term drivers of CNKs share price: > Corporate action > Removal of Brexit uncertainty allowing UK plc to start investing again which would be beneficial for the sector AIMHO
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