Cenkos Securities Share Discussion Threads

[speedsgh] 18/8/2017 10:19

Late yday Simon Thompson (Investors Chronicle) released an update on his 2017 Bargain Shares Portfolio, of which Cenkos is a constituent. He has moved from a BUY to a HOLD recommendation pending release of the Interims in Sept.

Bargain shares: second chance -

Having noted the recent boardroom upheaval & fundraising achieved to date in the current FY, he continues:

"...Cenkos’s corporate finance business generates around three-quarters of its total revenue, so we will have to wait until next month’s half-year results to see whether Cenkos’s pipeline of corporate fundraisings is supportive of the company hitting Edison Investment Research's forecasts. These suggest full-year revenue could rise by almost a fifth to £52m to drive up pre-tax profit by more than 75 per cent from £4.4m to £7.8m and lead to a more than doubling of EPS to 11.2p. Bearing this in mind, the board is duty bound to inform the market immediately if the company is trading materially above, or below, market profit forecasts. Cenkos is in a closed period ahead of next month's results and I have given the board the opportunity to comment on current trading prior to publishing this article. The fact that they feel there was no need to make such an announcement to the London Stock Exchange should be seen as a positive.

Furthermore, if the company can generate decent earnings growth this year, and with a 42p a share cash pile on its balance sheet, a sum worth almost half the current market capitalisation, then it’s reasonable to expect a decent hike on the 6p a share dividend declared for the last financial year. In fact, Edison expects a full distribution, and is forecasting an 11p a share dividend. This implies the shares are trading on less than five times earnings estimates after stripping out cash on the balance sheet, and offer a prospective dividend of 12 per cent, suggesting investors are sceptical of the business hitting Edison's numbers, or are simply unwilling to place a higher valuation on the company given the senior management changes..."

The current situation provides plenty arguments for both the bears (upheaval at board level; SKIL Ports speculation etc) & the bulls (forecast significant improvement on 2016 & prospect of healthy dividend increase) to get their teeth into. An indication as to which side is the more correct may be provided in the Outlook statement in the upcoming Interims & any further information ST can squeeze out of the board post results.

[keith95] 15/8/2017 15:02

MMs trying to make buys from them look like sells again ....

[quepassa] 15/8/2017 12:41

Post 2427 by keith refers.

a deletion and retraction of all given the gross errors. Not surprising.


The question remains as to why peer competitor Numis is up since Jan 2015 and Cenkos is so far down ........despite all the worthless posts from our dedicated ramper who has been proved wrong, wrong and wrong again by the market.

anyone who would have taken keith's yawn-inducing posts seriously would have lost £££;££££'s mega.

you have to question why keith bothers to post and what his motives are as he clearly has little or no understanding of the market.

it would seem that he has failed to identify a single reason why the share has been marked down by the market. Based on his track record (atrocious) of calling the directional movement of this share, he has zero market understanding.


ALL IMO. DYOR.
QP

[keith95] 15/8/2017 12:15

I find, the best time to buy is when MMs don't want to sell to you ....


... and that gap between Numis and Cenkos usually closes ... so see no reason for that not be the case going forwards ... which gives a target of 130p + for me :)

[fenners66] 15/8/2017 12:01

Good, perhaps you can refrain from posting your non-interest in their posts then...

[garycook] 14/8/2017 09:42

QP,Selling Numis now at 261p,with a 4.5% yield,and buying CNKS at 88p yielding at least 6.8%,maybe a possible 8.8% plus future yield would be a very good move atm IMHO DYOR

[quepassa] 14/8/2017 09:11

It is interesting to compare and contrast the share price performance of both Cenkos and Numis since 2015.

ROUGH figures

NUMIS

Jan 2015 200p
Jan 2016 230p
Jan 2017 240p-265p
AUG 2017 265p


CENKOS

Jan 2015 190p
Jan 2016 150p
Jan 2017 70-100p
AUG 2017 88p


ALL IMO. DYOR.
QP

[troll_buster] 13/8/2017 17:37

Mount Teide

"Indeed, having the Noble Lord Flight, a highly colourful right wing Conservative Peer and sacked ex Chairman of the Conservative Party appointed to the Mercantile Board last year, presumably in order to use his City contacts to help get the £37m Placing and Open Offer cash raise away, has brought an interesting political dimension to the scandalous Mercantile story, that is perhaps too tantalising to resist exploiting."


So I'm wondering if Cenkos is now off the hook given that Noble Lord Flight is involved in the placing ....

.... or maybe the colourful & Noble Lord Flight and Amber are busy having lunch plotting their next scam?


Really made my Sunday afternoon this - back out for some sun :)

Please can someone do their own research rather than look up entries in the Brexit Book of Lies ....

To include "selling Cenkos" because of QPP's on going problems with the regulator ...

LOLOLOLOL :)

[troll_buster] 11/8/2017 20:57

You will find that Keith95 was simply establishing where you were coming from.

I suspect you answered his question.

Enjoy your short :)

[quepassa] 11/8/2017 16:57

Thank you so much troll-buster for drawing my attention to the bulletin board for Mercantile Ports which I hadn't been aware of and which I hadn't visited until now.

How fascinating.

Clearly this has touched a raw nerve with certain posters....one can but wonder why.

...and lo & behold, who do I find also on the angry Mercantile thread, no less than Keith95.


....funny old world innit.....

What a coincidence (not).


ALL IMO. DYOR.
QP

[troll_buster] 11/8/2017 13:57

Consider yourself busted QuePassa.

[keith95] 11/8/2017 12:58

Quindell ... independent of Cenkos - missed that.
Durkin wasn't the founding CEO - that was Andy Stewart.
CFO - He went because he didn't get the CEO job as far as I can see.
The IPO market has picked up nicely - Seem AIM 100 this past few months and recent Numis results.

Your right QP - people do read these threads - and in my experience of these threads you get shorters who like to spook people .....


..... seen it all before in the years I've been here. Sometimes they win sometimes they lose.


Happy to pick some up again at 70p - see U at that price when you close your short - if it gets there.

Re-refiltered.

:)

[quepassa] 11/8/2017 12:51

hXXps://www.sfo.gov.uk/cases/quindell-plc/

[keith95] 11/8/2017 12:39

.. so from the previous post - we seem have an individual in Mount Teide who would like me to think that him and his mates lost 500,000 shares in MPL, yet bought ten shares in MPL recently to become shareholders ... sent a letter to Cenkos with his mates remembering an MPL placing acknowledgement on Cenkos website but now has a printed hard copy of said acknowledgement.


Given the banter across Boo Boys yesterday ... I browsed both poster rantings .... and wanted to find out of there was any connection.

What we seem to be dealing with is Winnifreth from Shareprophets still having a major grudge against Cenkos owing to Quindell

or to quote:

" I break my break to deal with the errant Nomad - I have a score to settle here since some of the money it raised for the Quenron fraud was used to harass me with fascist lawyers letters.."

leaking over to here.


I want to know who is throwing the bad sh*t if I am invested in a company as opposed to being a bad sh*t

......

[quepassa] 11/8/2017 12:29

1. Founding CEO resigns.
2. CFO resigns.
3. Dividend cut by 57%
4. Quindell still under investigation by The Serious Fraud Office
5. A weak IPO market


A very worrying time. A rocky road to say the least.



Fascinating to read the recent posts about Mercantile Ports and Logistics.

It wouldn't surprise me if the topic of Mercantile Ports gains a lot more publicity.



ALL IMO. DYOR.
QP

[keith95] 11/8/2017 12:26

Apologies folks. This Mount Teide individual is one to be wary of ... posting what look to me like fake letters to Cenkos board he wrote on another BB:


"We have in our file a printed hard copy of the Cenkos website Transaction list from January 2017 - no prizes for guessing what company appears on it as a November 2016 Placing entry? Hence the correspondence to the Cenkos compliance executive copied to the new MD, asking for clarification. For the record, we currently hold ten shares in Mercantile Ports and Logistics and ten shares in Cenkos securities - both predictably are underwater !"

and in that alleged letter to Cenkos:

"A friend recalls the Mercantile Placing being included in an earlier listing but, it since has mysteriously disappeared. If this is the case perhaps Cenkos can explain why?"

.. and on the MPL thread:

"keith95 - you're completely out your league, making inane comments about subjects you have little knowledge of. Two friends and I, all longstanding industry professionals, collectively held over 500,000 shares prior to selling out last year at a considerable loss due to proving that many Company RNS Statements and Results Statements contained claims that were completely false."

Which of course careful reading shows that the post does not exactly say the 500,000 shares were from MPL but that was I assume the intended point of the e-mail - at least for me to interpret.

[garycook] 11/8/2017 12:08

spob,He cannot help it.He is Bi-Polar,and already on medication.Say no more LOL

[spob] 11/8/2017 12:00

QP seriosuly, you need to see a doctor/psychiatrist