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 Last Trade
0.00 0.0% 53.50 08:00:20
Open Price Low Price High Price Close Price Previous Close
53.50 53.00 53.50 53.50 53.50
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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

brucie5: Bought in this morning. CNKS seems to have weathered the storm, and I can see a gap on the two month chart to 70p. On the 3 year view this was of course £1, so who knows.
topvest: I've added some more today. The Round Hill announcement was the evidence I was looking for over the last few months. If it comes off then it will be worth a circa. 5p dividend and re-rating to a £1 in my view.
quepassa: These look like strong figures to me and corroborate the positive sector news contained in the results from Numis yesterday which are worth reading together with the Edison Research Note which provides good sector opinion. New issues are understandably down for Cenkos but this is the case across the small-cap sector but secondary fund-raisings have never been so buoyant. The need for further secondary fund-raisings will likely grow significantly as more companies will need to repair covid-damaged balance-sheets. Big-ticket M&A is very buoyant. This will likely trickle down to the small-cap sector in due course. Astonishing cash balances at Cenkos add a great deal of comfort and even with a reduced dividend, the prospective yield is very attractive. All positive and a sector which will increasingly need the services of M&A specialists like Cenkos. ALL IMO. DYOR. QP
bwm2: QuePassa That was rude of me and I apologise. Looking back there is some good comment There is appalling rude and tedious behavior on some boards to which I never leave any comments despite decent holdings I have found cnks a tricky one and my investment decision was based on an eps assumption this year of 4.9p and a target price of 65p. The latter reflecting my half 2 expectation annualised What are your thoughts?
speedsgh: Re today's AGM statement... "continues to win new clients and to raise funds for its clients." By my calcs a net gain of 3 new clients (2 if one includes unconfirmed loss of DGOC mandate) NEW CLIENTS (7) Davenport Resources (ASX:DAV) - CNKS appointed UK broker Getech Group (GTC) - CNKS appointed Nomad/sole broker (replace WH Ireland) Pelatro (PTRO) - CNKS appointed Nomad/sole broker (replace finnCap) Caribbean Investment Holdings Ltd (CIHL) - CNKS appointed Nomad/sole broker at IPO (no funds being raised on admission) InfraStrata (INFA) - CNKS appointed Nomad/sole broker (replace Allenby Capital as Nomad/joint broker; replace Arden Partners as joint broker) One Media IP Group (OMIP) - CNKS appointed sole broker (replace Panmure Gordon) NextEnergy Solar Fund Ltd (NESF) - CNKS appointed sole financial adviser/joint broker (alongside Shore Capital) LOST CLIENTS (4) Sativa Group (NEX: SATI) - CNKS replaced as corporate adviser by Peterhouse Capital Angling Direct (ANG) - CNKS replaced as Nomad/sole broker by N+1 Singer GCP Asset Backed Income Fund (GABI) - CNKS replaced as sole broker/financial adviser by Investec Bank Beeks Financial Cloud Group (BKS) - CNKS replaced as Nomad/sole broker by Canaccord Genuity * as per post 3447, looks like Cenkos may also have lost DGOC as a client upon their move up to the Main Market Are the new clients acquired of the same quality as the lost clients? "the Company's revenues in the first five months of this year are ahead of the same period for last year." The past 3 months has seen an abnormally high level of fundraising activity on the markets with many companies undertaking placings to bolster/shore up their balance sheets. Despite Cenkos revenues being ahead of the same 5-month period in 2019 (H1 figures below give context over a longer timeframe), the flurry of fundraisings seems to have largely passed Cenkos by. In such an environment I would be expecting Cenkos to not just outperform H1 2019 but H1 in several other years also. Time will tell. H1 REVENUE 2011: £25.1m 2012: £20.2m 2013: £20.0m 2014: £65.2m (AA IPO) 2015: £53.1m (BCA Marketplace IPO) 2016: £15.3m 2017: £29.2m 2018: £18.1m 2019: £10.6m
quepassa: This morning. Numis Half-Year Report. Resilient performance and declare 5.5p dividend. In the circumstances, a pretty upbeat Outlook. Likely an interesting sector read-across. Some snippets: "Transaction volumes have increased in recent weeks as corporate clients accessed the equity markets to complete recapitalisations." "Our pipeline of recapitalisation transactions for clients continues to grow, partially offsetting the decline in M&A," "These market conditions will inevitably present opportunities to achieve market share gains and build a stronger business in an evolving competitive landscape," See today's Numis RNS for full context. ALL IMO. DYOR. QP
speedsgh: #NUM #CNKS Stockwatch: these two AIM stocks are a geared play on market trends - HTTPS://tinyurl.com/yaq5rdye A scenario exists where stocks remain generally at a premium to intrinsic values, given investors now fear inflation and any yield at all may be better than what you might get from bonds or troubled property tenants. Yet business margins will be compromised by social distancing as attempts to ease lockdown are made. These two trends imply firms will resort to equity, rather than riskier and costlier debt, to bolster their balance sheets. So, even if flotations are lacklustre, we can expect more placements in due course. It might not be a fundraising bonanza, yet the context for corporate stockbrokers has been a difficult two years, where the Brexit impasse then General Election damaged revenue, and their operational gearing hit profits even more. So, it is possible that a medium-term turning point already exists. A tale of two rather contrasting brokers The two chief means to play this theme – both AIM-listed – are poster boy Numis Corporation (LSE:NUM), capitalised at around £280 million with its price at 269p, and relative ugly duckling Cenkos Securities (LSE:CNKS), valued at around £27 million with its price at 47.5p... [cont'd]
speedsgh: A comparison of today's finals against previous years. HTTPS://www.investegate.co.uk/cenkos-securities--cnks-/rns/annual-results-for-the-year-ended-31-december-2019/202004300700074036L/ REVENUE 2011: £37.4m 2012: £43.2m 2013: £51.3m 2014: £88.5m (AA IPO) 2015: £76.5m (BCA Marketplace IPO) 2016: £43.7m 2017: £59.5m 2018: £45.0m 2019: £25.9m PROFIT BEFORE TAX on continuing operations 2011: £5.1m 2012: £7.0m 2013: £10.7m 2014: £27.0m (AA IPO) 2015: £19.9m (BCA Marketplace IPO) 2016: £4.4m 2017: £10.0m 2018: £3.2m 2019: £0.1m BASIC EPS on continuing operations 2011: 5.2p 2012: 12.1p 2013: 14.2p 2014: 35.2p (AA IPO) 2015: 27.2p (BCA Marketplace IPO) 2016: 4.7p 2017: 13.2p 2018: 4.4p 2019: -0.2p FULL YEAR DIVIDEND PER SHARE 2011: 5.0p 2012: 7.5p 2013: 12.0p 2014: 17.0p (AA IPO) 2015: 14.0p (BCA Marketplace IPO) 2016: 6.0p 2017: 9.0p 2018: 4.5p 2019: 3.0p SIZE OF CORPORATE CLIENT BASE (as at 31 Dec) 2011: 111 2012: 119 2013: 125 2014: 130 2015: 124 2016: 116 2017: 117 2018: UNDISCLOSED 2019: 100
speedsgh: Annual Results for the year ended 31 December 2019 - HTTPS://www.investegate.co.uk/cenkos-securities--cnks-/rns/annual-results-for-the-year-ended-31-december-2019/202004300700074036L/ HIGHLIGHTS Revenue: £25.9 m (2018: £45.0 m) Profit before tax: £0.1 m (2018: £3.2 m) Profit after tax: £0.0m (2018: £2.4m) Cash: £18.3 m (2018: £33.6 m) Net assets: £24.7m (2018: £27.6m) Basic earnings per share: -0.2p (2018: +4.4p) Full year dividend per share paid and proposed: 3.0p (2018: 4.5p) Commenting the Company's Chief Executive Officer, Jim Durkin said: "Difficult markets in 2019, and uncertainty surrounding the UK's exit from the European Union, has resulted in a reduction in revenue compared to last year. This result was set against the backdrop of a 30% reduction in the total funds raised by AIM companies in 2019. Performance related payments to staff have been reduced in line with net revenue, leading to a modest pre-tax profit for the year. The outlook for 2020 is clouded by the, as yet unknown, economic impact of COVID-19. I am however, pleased to report that we have started the year well, completing the largest IPO on AIM so far this year and despite unprecedented market circumstances have also executed a number of secondary fund raisings. We are continuing to work closely with our corporate clients to assess the impact of COVID-19 and the disruption that many of them are currently experiencing. We have a good pipeline, a cost base that is significantly below the 2019 level and a strong balance sheet, so I look forward to 2020 with tempered optimism. We are well placed to face the challenges ahead."
quepassa: well, I guess you had better take that up with the BoD of one of the largest companies in the UK, Royal Dutch Shell, who according to a report in today's FT (page 12) wishes to safeguard dividends. The article is headed " Shell moves to safeguard dividend via new $12bn credit facilty". Whilst it is correct that the Bank of England may or may not have nudged the suspension of dividends by the major clearing banks in order for them to bolster capital ratios and therfore to be able to keep and increase lending to a weakened economy at a time of national economic crisis, this is very much a different case. The other side of the coin is that if Shell were to suspend dividends it would have a big impact on many income funds for individuals, pensions and collective funds, at a time when many individuals are suffering a dramatic fall in paid income and relying more on savings and investment income from dividends. Cenkos is not a lending bank and is not comparable to a Lloyds or to an HSBC. They are not a lender and are involved in fee-driven business. Cenkos is not central to the liquidity of the nation like a clearing bank and to compare the two is to miss the point. I would be interested to hear your views about Shell's apparent desire to continue paying dividends. ALL IMO. DYOR. QP
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