Cenkos Securities Share Discussion Threads

[quepassa] 05/11/2019 07:44

Fascinating article in today's FT, page 2, which is potentially excellent news for the sector.

Article headed " Flotations - No 10 in talks to boost City after Brexit"

And continues that industry talks are being held with Downing Street and The Treasury with a view to " changing listing rules to encourage encourage high-growth companies,such as technology companies, to float in London".

See FT for full article and context.

The combination of augmenting pent-up demand plus potential government stimulus to encourage new listings in London makes an increasingly compelling outlook for the sector which has been suffering lower volumes in recent times due to Brexit uncertainty.

ALL IMO. DYOR.
QP

[albert zog] 31/10/2019 13:11

Over capacity in a low volume, post Mifid market. Unless Brexit gets favourably resolves, the outlook remains poor for these City brokers

[speedsgh] 31/10/2019 12:08

Further to posts 3210/3211, Duke Royalty (DUKE) have announced that, following completion of the Open Offer, they have raised a total of £17.45m via the placing/retail offer/open offer. They were looking to raise up to £20m.

Result of EGM and Issue of £17.5 million of Equity -

[speedsgh] 31/10/2019 10:44

Broker merry-go-round turns on -

Broker merry-go-round turns on – The advent of MiFID II and the decline in new issues in 2019 may have been affecting revenues at some investment company broker teams. In the past few months we have seen some changes to the industry line-up. The latest story is that a team from Stifel are said to be joining Jefferies.

This follows Investec’s recruitment of a team of 14 from Canaccord in June this year; an exchange of staff between Cenkos and Panmure, and the ousting of much of Panmure’s team; a team going from Fidante to Cenkos; and rumours that, having long been linked with a desire to expand into the sector, Macquarie is instead shrinking its London office.

[speedsgh] 31/10/2019 10:40

Stockwatch: A near double-digit yield that might just hold -

[its the oxman] 30/10/2019 22:53

Cheap, - one day the good times will come again

[matt123d] 30/10/2019 21:01

Added a few at 51p, see if it can get to 60p.

[quepassa] 30/10/2019 16:50

UP UP UP

7.5% by close today

[quepassa] 29/10/2019 13:22

it is always darkest before the dawn.

the pent-up demand will be soon near bursting point

[speedsgh] 29/10/2019 13:01

Sector news. No surprise. From today's Times...

"The number of companies listing in London has been slowing and the third quarter was the quietest for a decade, according to EY."

[quepassa] 28/10/2019 09:39

Yet more EBT buying. Another 55,000 @48.5p

[quepassa] 25/10/2019 11:28

A week ago, the Employee Benefit Trust bought yet another big chunk of shares.
A further 50,000 at 48.5p

The EBT now holds 1.8million unallocated shares for Employees.

Encouraging to see the Employee Trust still buying.


ALL IMO. DYOR.
QP

[speedsgh] 16/10/2019 16:08

Assume Cenkos might get a small fee for this if they were involved in finding the institutions who bought the secondary placement of a portion of the CEO's shareholding?

Proposed Secondary Placing -
Result of Secondary Placing -

[speedsgh] 15/10/2019 11:20

Further to posts #3205/3209, a recommended offer has today been announced for Brady (BRY). This is very much a fire sale. Possibly directors (and their advisers?) attempting to brush a sorry tale under the carpet.

Recommended Final Cash Offer -

The offer is pitched at 10p per share which "represents a premium of 50.8 per cent. over the closing middle market price of 6.63 pence per Brady Share on 11 October 2019, being the Business Day immediately prior to the date of this announcement, and 31.1 per cent. over the closing middle market price of 7.63 pence per Brady Share on 3 October 2019, being the Business Day on which Hanover Bidco made the approach to the Brady Directors regarding the Offer."

For any unfortunate shareholders it also represents a loss of 82% on the share price on 20 August, the day before the Trading Update which contained the profit warning. However, as the announcement makes clear, 10p per share is better than 0p...

"Should either the Offer not become Effective or additional third party funding not become available, in each case, before Brady requires additional working capital, there is a risk of the offer lapsing and Brady Shareholders receiving no or little value."

Cenkos are financial adviser & Nomad to Brady...

"The Brady Directors, who have been so advised by Cenkos as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable and in the best interests of Brady and Brady Shareholders as a whole. In providing advice to the Brady Directors, Cenkos has taken into account the commercial assessments of the Brady Directors. Cenkos is providing independent financial advice to the Brady Directors for the purposes of Rule 3 of the Code."

It has been alleged that Brady, "in part with the collusion of Nomad Cenkos", withheld damaging price sensitive information from the AIM Market and investors.

So maybe a small fee for Cenkos for financial advice on the deal but some possible mud to go with it?

[speedsgh] 07/10/2019 09:11

Further to previous post re Duke Royalty (DUKE) fundraising...

Result of Retail Offer and Open Offer Details -

[speedsgh] 04/10/2019 19:19

Duke Royalty (DUKE) have announced a fundraising of up to £20m comprising a £16.1m placing with new and existing institutional investors and a £3.9m Retail Offer (via PrimaryBid)/Open Offer. Cenkos are acting as sole broker on the placing and presumably any Open Offer of funds not taken up under the PrimaryBid Retail Offer...

Fundraising of up to £20 million -

Retail Offer via PrimaryBid.com -

[speedsgh] 01/10/2019 09:55

Further to post #3205...

Brady & Cenkos: the FCA reverts on matter of non disclosure -

"Last week I reported Brady PLC (BRY) and its Nomad to AIM Regulation and the FCA over material non disclosures. As a result, the former forced Brady to issue an RNS in which it came clean as to the horror of its financial position. Now it seems as if the latter is looking at my material and might just launch a formal investigation. The FCA has been in touch with its favourite investigative journalist and writes:..." [Subscription required, which I don't have]

[speedsgh] 26/9/2019 13:17

Mandate win... Cenkos have been appointed Nomad/sole broker to Falcon Oil & Gas Ltd (FOG). Cenkos were previously joint broker alongside Davy (Nomad/joint broker) & RBC (joint broker).



Mandate loss... Liberum have replaced Cenkos as Nomad/sole broker to Dods Group (DODS).

[speedsgh] 26/9/2019 12:58

Empyrean Energy (EME) have raised £0.365m via a placing. Cenkos are their Nomad/sole broker so were presumably involved?

Empyrean raises £365,580 before costs -

[albert zog] 26/9/2019 11:39

Shore Capital delisting from AIM. Surely a matter of time till Cenkos follows suit ?

[speedsgh] 25/9/2019 07:14

Formal Request to AIM Regulation and FCA to investigate Brady PLC and Nomad Cenkos -

"Yesterday I revealed, HERE, the shocking way that Brady PLC (BRY) had withheld damaging price sensitive information from the AIM Market and investors, in part with the collusion of Nomad Cenkos. With the company now having to raise £3 million in just six weeks simply to meet November payroll but needing far more to be viable, it and Cenkos are still dissembling about the nature and scale of its problems. I have today written to AIM Regulation and the FCA asking for a formal investigation and to force Brady to come clean. The letter is below..." [Subscription required, which I don't have]

[topvest] 19/9/2019 20:28

Nice to see a director buying. Are we at a turning point? Feels like it to me.

[silver tortoise] 19/9/2019 15:35

It's good to see the increase,change of leadership etc.I think the Quindell problem has also had more of an effect on the share price

[cwa1] 19/9/2019 11:03

No worries, just didn't want people to think I was losing it and posting random numbers ;-)

[smicker] 19/9/2019 11:01

Sorry CWA i just bought less and it went through ok