Cenkos Securities Share Discussion Threads

[topvest] 02/3/2021 19:37

We just need a strong trading update and another big Round Hill placing and this could well break a £1 in fairly short order. It is looking promising.

[martomarto] 02/3/2021 15:52

Where is the EBT? Could be picking up these spare shares?A bigger plot at work maybe?

[speedsgh] 02/3/2021 07:42

Cenkos have acted as Nomad only on a placing/open offer to raise up to £7m for Quadrise Fuels International (QFI). Shore Capital acted as sole bookrunner on the Placing. Proposed Placing and Open Offer - HTTPS://www.investegate.co.uk/quadrise-fuels-intnl/rns/proposed-placing-and-open-offer/202103011641127620Q/ Results of Placing and Open Offer Launch - HTTPS://www.investegate.co.uk/quadrise-fuels-intnl--qfi-/rns/results-of-placing-and-open-offer-launch/202103020700047818Q/

[quepassa] 01/3/2021 15:41

Cenkos is NOMAD and sole broker to FRP Advisory Group Plc who have today announced by RNS a take-over of Spectrum Corporate Finance for consideration of up to circa £12.4million. There should be attractive advisory fees for Cenkos on this take-over. ALL IMO. DYOR. QP

[martomarto] 01/3/2021 14:12

More block sales including 100k holding.Company is also broker. Isn't this a potential conflict? DYOR

[topvest] 27/2/2021 21:04

See they picked up the NOMAD and Broker appointment at Brighton Pier. That's a useful win.

[martomarto] 26/2/2021 15:52

Dumping of 5k blocks as price rises. Rats from the ship!!!Easy up?Dyor.

[speedsgh] 26/2/2021 11:13

Exclusive: Square Mile veteran Joe Nally looks back on 45 years in the City - HTTPS://www.cityam.com/exclusive-square-mile-veteran-joe-nally-looks-back-on-45-years-in-the-city/ Tomorrow, Joe Nally will retire from Cenkos Securities, a firm he co-founded 18 years ago, after a career of more than 45 years in the City. Nally, who was previously a partner at Williams De Broe, is one of the few remaining individual members of the International Stock Exchange of London who is still working. As a prolific raiser of capital for many growth companies over his long career, such as Cove Energy, Western Canadian, Barrick and Majestic Wine, to name but a few, Nally turned Cenkos into one of the leading City brokers to small and medium sized companies listed in London, raising over £21bn since its inception in 2004. In an exclusive sitdown with City A.M., Nally looks back on the highs and lows of nearly five decades in the City, discussing the ‘helluvaride’ Thatcher years, city manners, endless lunches, why people are much more serious these days and why he firmly believes the City will only grow as a global financial hub post-Brexit...

[martomarto] 24/2/2021 14:24

All good news, but someone is unloading blocks of shares on a regular basis (Hodges ?).Until these are cleared any real uplift is volatile - in my opinion.Keep up the good news flow!DYOR.

[topvest] 23/2/2021 15:43

Yes, all very positive. I do think that Cenkos are potentially in play for some sort of buy-out, for anything over a £1. The next 6m will be interesting.

[quepassa] 23/2/2021 15:10

I don't believe this has been mentioned before. One of Cenkos's customers, The Property Franchise Group are in the process of taking over Hunters by a Scheme of Arrangement. Cenkos are NOMAD and EXCLUSIVE Financial Adviser to The Property Franchise Group. Page 93 of The Scheme Document shows a list of Acquisition-related Fees and Expenses:- 14.1 The aggregate fees and expenses which are expected to be incurred by The Property Franchise Group in connection with the Acquisition are estimated to amount to approximately £767,000 plus applicable VAT. This aggregate number consists of the following categories (ineach case excluding applicable VAT): 14.1.1 financing arrangements: £100,000; 14.1.2 financial and corporate finance advice: £250,000; 14.1.3 legal advice: £285,000; and 14.1.4 accounting advice: £132,000 I'm educatedly guessing but seems likely that 14.1.2. relating to financial/corporate finance advice fee of £250,000 will be going to Cenkos. Nice earner. ALL IMO. DYOR. QP

[speedsgh] 23/2/2021 14:42

Cenkos have acted as Nomad only on a placing/open offer to raise up to £5m for Coro Energy (CORO). Gneiss Energy & Tennyson Securities acted as lead bookrunners on the Placing. Proposed Acquisition, Placing & Open Offer - HTTPS://www.investegate.co.uk/coro-energy-plc--coro-/rns/proposed-acquisition--placing---open-offer/202102221709229515P/ Results of Placing and Notice of General Meeting - HTTPS://www.investegate.co.uk/coro-energy-plc--coro-/rns/results-of-placing-and-notice-of-general-meeting/202102230755570214Q/

[quepassa] 23/2/2021 11:07

Surprised and intrigued by the lengthy Weekend FT article and interview on Cenkos. In my view, Cenkos has historically been publicity shy and not prone to giving media reports and interviews. Cenkos know only too well the value and importance of priming the market with positive news and press announcements prior to launching IPO's and fund-raisings on behalf of their clients. One can but wonder to oneself if there is an agenda. In my opinion, if the FT interview isn't hanging a big "Open for Business/Come and Get us" sign over the Company, I don't know what it. A LOT has been going on with Cenkos in recent times:- New Chairman New Auditor New CEO announced (a trusted insider) New Sole Broker (in-house Cenkos Securities) New EBT buying programme (with mandate to make SIGNIFICANT purchases). The article depicts a strong and rising market characterised by: Anticipated sector consolidation The proliferation of SPACs Possible imminent easing of UK listing rules in a post-Brexit world Resurgence in IPO's The FT also writes:- " Durkin is confident that Cenkos is now in a position to prosper" and further quotes the outgoing CEO:- "We are very undervalued at the moment. The market is not assigning any real value to us-I think that's wrong". Wise words. And likely prophetic words. Combined with increasingly favourable market conditions and a lot of in-house corporate activity/spring-cleaning, this leaves Cenkos well placed to prosper and/or be on the receiving end of an approach/sector consolidation in my view. No wonder the EBT is trying to buy cheap stock. The stars are rapidly aligning for Cenkos and shareholders alike. At 72p offered, the share price has now jumped to a 24 month high and climbing. ALL IMO. DYOR. QP

[topvest] 20/2/2021 21:50

Back on Round Hill, they can still use Cenkos under the placing programme in the Prospectus for up to 750m shares until October under the original prospectus. No doubt, the presentation last week is lining the equity raise up: "Following the completion of the Second Investment, the Company will have fully invested the capital raised in the IPO and subsequent placing. Round Hill continues to build an exciting and high-quality near term pipeline of Catalogues with an acquisition value of approximately US$500 million. The Board is exploring various options to facilitate the acquisition of these opportunities, including a potential equity raise." I suspect that they are very keen to keep tapping the market whilst conditions are favourable and so maybe another placing of size very soon.

[topvest] 20/2/2021 21:01

OK, yes you are correct. He's probably out now then.

[smicker] 20/2/2021 20:25

In October Paul Hodges went below 3%.

[topvest] 20/2/2021 20:22

I agree that the previous transfer of power was a disaster, but hopefully they won't make the same mistake this time around!

[topvest] 20/2/2021 20:20

I suppose Paul Hodges (9.3%), Jim Durkin (8.8%) and Andrew Stewart (7.4%) hold all the cards to put Cenkos into play if a suitable offer is forthcoming. They all have big holdings so probably either want continued success or an attractive exit.

[martomarto] 20/2/2021 20:12

Hodges shares have been a big drag on share price in my opinion. What will happen to the Durkin holding c. 10 % when he goes? Looks like this could drag market sideways unless bigger investors can be attracted on a longer term basis? Dyor.

[albert zog] 20/2/2021 19:07

Hope you’re right on /2 Topvest Previous handover was a disaster

[topvest] 20/2/2021 18:44

Agreed. I think Durkin had two objectives = 1. Get the business straightened out; and 2. Get a successor to grow the business and protect his 10% stake. He achieved 1. and hopefully 2 is in line with his wishes otherwise he wouldn't be leaving it in his hands! There is a chance that Cenkos get taken out given the very low valuation, but that would be a shame as its run very well as an independent business.

[albert zog] 20/2/2021 17:52

Jim is a good guy. He will be missed. Let’s hope Morsey is a capable successor

[topvest] 20/2/2021 16:51

I don't think the results will be until April given the delays generally on company reporting. Always the chance that we may get an ahead of expectations trading update in a few week's time though!