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CNKS Cenkos Securities Plc

29.00
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Cenkos Securities Investors - CNKS

Cenkos Securities Investors - CNKS

Share Name Share Symbol Market Stock Type
Cenkos Securities Plc CNKS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 29.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
29.00 29.00
more quote information »
Industry Sector
GENERAL FINANCIAL

Top Investor Posts

Top Posts
Posted at 20/6/2023 09:46 by makinbuks
hxxps://www.insidermedia.com/news/south-west/self-storage-firm-acquired-by-investor-syndicate?utm_source=southwest_newsletter&utm_campaign=southwest_news_tracker&utm_medium=top_story_article

Finn Cap advised
Posted at 30/5/2023 07:25 by speedsgh
An American fund manager that rose to prominence during Wall Street’s meme stock trading frenzy is considering a plan to raise £300 million by listing an investment company on the London market that will buy into distressed credit in the United States.

It is understood that Mudrick Capital has been gauging investors’ appetite for an initial public offering of a trust and has hired Cenkos, the stockbroker, to work on the deal...

... Mudrick and Cenkos did not return requests for comment on the flotation plan.
Posted at 10/3/2023 07:48 by pugugly
Not looking good - Next domino to fall???????????

Highlights

31-Dec-22

31-Dec-21

change

Revenue

£20.3m

£37.2m

- 46%

Underlying profit (1) (2)

£0.2m

£4.4m

- 95%

(Loss) / profit before tax

£(2.7)m

£4.0m

- 168%

(Loss) / profit after tax

£(2.2)m

£3.4m

- 165%

Cash

£14.2m

£33.5m

- £19.2m

Net assets

£21.8m

£27.0m

- £5.2m

Basic earnings per share

(4.9)p

7.1p



Full year dividend per share paid and proposed (3)

1.5p

4.25p





(1) Underlying profit is profit before the impact of the day 1 value of options and warrants received in the period and the associated fair value gains and losses on the options and warrants held, restructuring costs and costs associated with incentive plans.

(2) The comparative figures have been restated to reflect the current definition of underlying profit. In the current period, in addition to adjusting for restructuring costs and costs associated with incentive plans, this is disclosed before the impact of the day one value of options and warrants received in the period and the associated fair value gains and losses on the options and warrants held. The Directors believe this provides a clearer view of the operational performance of the business in the period as their lifespan may overlap several periods before crystallisation.

(3) Includes a proposed final dividend of 0.5p (2021: 3.0p)

Outlook:

The tough conditions of 2022 have eased slightly in the early part of 2023 but capital markets remain subdued relative to 2021. Despite this, we believe that our ongoing emphasis on working closely with clients and maintaining a proactive dialogue with investors will continue to generate opportunities and attract new clients. Our business model enables us to generate cash at an operational level and profits even in difficult market conditions and our perseverance means we are well placed as markets begin to recover. We believe our gains in market share, selective hiring of quality individuals and teams, a growing client base and a disciplined approach to costs, put us on the front foot to deliver success for our clients, colleagues and shareholders alike.
Posted at 07/2/2023 10:11 by quepassa
A few rays of hope for the sector in today's Trading Update by sector leader Numis - whose shares are marked up by 5% in today's session.

Herewith extract for possible market read-across to other sector players.

See the Numis RNS for full context:-

"Additionally, we are encouraged by the recent market performance which has contributed to improved institutional appetite for both primary and secondary offerings.

Our equities business has delivered revenue slightly ahead of the second half run-rate of FY22, helped by the significant rally in UK small and mid-cap indices during the period and a general improvement in investor sentiment."


ALL IMO. DYOR.
QP
Posted at 25/5/2022 09:01 by speedsgh
Cenkos scores five hires to bolster growth -

Institutional stockbroker Cenkos has scored five new hires as it looks to grow its corporate finance, sales and research teams.

Former head of corporate finance at WH Ireland, Adrian Hadden, will join Cenkos as director in the corporate finance team, and is set to add private fundraisings to his focus. In addition to roles at other City firms, Hadden was also previously a director at Collins Stewart Hawkpoint.

Also joining from WH Ireland is former managing director Jasper Berry, who joins Cenkos’ growth companies sales team as a director. Berry has “a wealth of experience”, Cenkos says, on account of previous experience at Collins Stewart, Société Générale Investment Management and NatWest Stockbrokers.

Cenkos has made more than 20 hires over the past 18 months in an effort to build out its presence in both the growth and investment company sectors. The firm raised more than £1.2bn for clients last year and kicked off 2022 with three IPOs, four placings and two M&A transactions in the first three months.

The growth comes under new boss Julian Morse, who took over from Jim Durkin after a volatile period. Under Morse’s early leadership, the firm saw expansion and a rebound in the company’s fortunes, with revenues surging by 37% to £18.2m for the first half of 2021, while profits were up by 40% to £2.8m, Financial News previously reported.

The new hires also include chartered accountant Charlie Combe, who joins the growth team. Combe was previously global sales director at Edison and prior to that, a corporate financier at Smith & Williamson.

Cenkos is also boosting its research capability with the appointment of Andrew Gibb to focus on business and financial services. Gibb has some 20 years’ experience covering various sectors at a number of firms including Investec, RBC, Singer, and Arden Partners.

Edward Stacey also joins the firm’s property and industrials unit, having spent more than two decades analysing companies for firms including HSBC, SocGen and Proactive Investors.

“The recruitment of experienced operators in the growth companies market, with their wealth of knowledge, expertise and relationships, will help us continue to build Cenkos’ franchise and market share. We see lots of opportunity in the UK equities market and are in an excellent position to make the most of them,” Morse said.
Posted at 12/5/2022 09:21 by speedsgh
AGM Statement (11/5) -

"The Company had a good start to the year having completed three IPOs, four placings and two M&A transactions within the first 10 weeks of the year. Since the announcement of our 2021 results issued in mid-March 2022, the macro-environment has remained challenging with the continuing war in Ukraine combined with mounting inflation and interest rate concerns in turn impacting investor risk appetite and capital markets activity generally. Despite this we remain confident in our business model and our track record of successful fundraising at every stage of the market cycle and continue to maintain our strong balance sheet and financial resources well in excess of regulatory requirements. We are currently working on a number of transactions for our clients and have an encouraging pipeline for the rest of the year."
Posted at 18/3/2022 15:06 by quepassa
CEO of Cenkos, Julian Morse, giving an interview today on ProActive Investors following today's impressive results:-


hXXps://www.proactiveinvestors.co.uk/companies/news/977207/cenkos-securities-hail-very-strong-year-in-2021-with-robust-growth-across-all-key-metrics-977207.html


Sounding very upbeat and confident.

Some good insights into the evolving corporate strategy and buoyant update on the start to 2022.

ALL IMO. DYOR.
QP
Posted at 14/2/2022 08:23 by speedsgh
Cenkos have acted as Nomad & sole broker to 88 Energy Ltd (88E) on the placing in the UK only. AUD32m has been raised in total from Australian and international investors.



... Commission for the Placement was 6% (plus GST) of total funds raised across Euroz Harleys Limited, Inyati Capital Pty Ltd and Cenkos Securities Plc.
Posted at 09/2/2022 09:24 by quepassa
Julian Morse, CEO of Cenkos, yesterday in his opening remarks for the 2022 Cenkos Growth and Innovation Forum:-

" .. and on a personal level we at Cenkos are proud to have delivered Aim's first IPO of 2022 as well as a busy January with a number of secondary raises for other clients."

Full replay of virtual Forum can be found on youtube/proactive investors.

Sounding very upbeat about prospects.

ALL IMO. DYOR.
QP
Posted at 15/9/2021 11:30 by quepassa
New CEO, Julian Morse, interviewing a week ago on 8th. September with Proactive Investors (USA) following Cenkos' strong interims.

Link herewith to seven minute ProActive video-interview:


hXXps://www.proactiveinvestors.co.uk/companies/news/959821/cenkos-securities-report--very-strong-results--as-revenue-underlying-profit-and-dividends-climb-959821.html



Half-way in, the CEO says the following:-


" ..WE DID 16 TRANSACTIONS IN THE FIRST HALF, BUT IN JULY AND AUGUST AND THE FIRST PART OF SEPTEMBER WE'VE COMPLETED ANOTHER 10 TRANSACTIONS WHICH IS TRADITIONALLY A QUIETER PART OF THE MARKET...HAS BEEN A GREAT START TO THE SECOND HALF INCLUDING TWO IPO'S..."


Also, some interesting comments about the share incentivisation schemes for staff.



A good interview by Cenkos' new CEO.


ALL IMO. DYOR.
QP

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