Cenkos Securities Share Discussion Threads

[speedsgh] 06/2/2019 10:30

Another loss of mandate. Cannacord Genuity have been appointed Nomad & sole broker to Mercia Technologies (MERC). Cenkos were previously Nomad & joint broker alongside CG.



EDIT - That's yet another client that CG have pinched from Cenkos in recent months (see post #3025). Will they pounce for the whole lot at some point or are they just cherry picking what they see as the most profitable fruit?

[kenmitch] 31/1/2019 09:12

I also missed the Esure bid news. That transaction was double the total from all the others last year. BUT so far nothing this year and that may well be Brexit linked. A bit on that in this article about Jim Durkin:-

[topvest] 30/1/2019 21:22

2018 was a very poor year for Cenkos and that was priced in. Looking at the transactions, the one that everyone seems to have missed was the Esure bid. Even I did and I received cash for my Esure shares! It seems to me that this transaction was the difference between success and failure in 2018. Lets hope that they get a few big deals in 2019. Cenkos should be worth more than a £1 in the long-run given its record.

[jemt0703] 30/1/2019 10:38

An interesting article just published as far as I can tell; Cenkos seems to be doing well...

www.insidermedia.com/insider/deals/waless-most-active-ma-advisors-named

[jemt0703] 30/1/2019 10:18

Hi QP,

Difficult to say, my guess would be;

1.5% total fee for the whole £1.2bn transaction = £18M.

50% going to Goldman as the lead advisor and the remaining 50% split equally between Dean Street & Cenkos the other advisors. Thus c.£4.5M fee for Cenkos.

Reducing the fee to 1% with the same logic means c.£3.0M fee for Cenkos.


We should see a decent H2 2018 profit from Cenkos and a healthy dividend too, probably maintaining the Final Dividend @ 4.5p per share.

JT

[lord gnome] 29/1/2019 10:14

Another £20k spent.

[speedsgh] 29/1/2019 09:26

More consolidation in the sector announced yday. Shore Capital are in discussions re possible acquisition of Stockdale Securities.

Response to media speculation (28/1) -

[lord gnome] 29/1/2019 08:45

Interesting that the share buy back is scheduled to take place over six months, whereas over 10% of the money has been spent in the first few days. We are due results at the end of March - just two months away. If the results are slated to be better than the market was expecting, that event will move the share price. In which case, I venture that Cenkos will want the purchase completed prior to announcing results. Shortening the time frame from six months to two would change the picture completely.

[lord gnome] 29/1/2019 08:40

Quite so QP. I share your thoughts. I was just trying to temper my enthusiasm with a bit of reality as to how far the share buyback might move the market.

[lord gnome] 25/1/2019 15:34

I doubt that they will do little more than mop up any loose stock. As a daily average over 6 months, i.e. 125 trading days, it 'only' equates to £4K per trading day or 6k shares at current prices. Better than nothing, but I doubt it is going to drive the share price to dizzying heights.

[lord gnome] 25/1/2019 12:11

No trade printed on LSE at that price, so which exchange are they using?

[lord gnome] 24/1/2019 12:24

It has clearly failed to excite the market :-) Is Jim Durkin looking to dump a few as he hasn't got clearance?

[lord gnome] 23/1/2019 09:34

Alternative suggestion for you QP - Has Jim Durkin been blackballed by the FCA?

[speedsgh] 23/1/2019 08:35

It would appear Canaccord Genuity are making in-roads into the Cenkos client list. Since the start of Dec 2018 Canaccord Genuity have replaced Cenkos as Nomad & sole broker to Michelmersh Brick Holdings (MBH), Comptoir Group (COM) & IG Design Group (IGR).

They have also recently been appointed joint broker to FairFX Group (FFX) alongside Cenkos who remain Nomad.