Cenkos Securities Share Discussion Threads

[frazboy] 16/12/2020 14:49

I put in a buy order for these today following yesterday’s slip. I doubt it’ll be filled now. I still have some buried deeply in a SIPP. It appears to me that the company has had a great second half, perhaps slightly concerned that things will quieten down next year - we shall see. But maybe the key concern is, as highlighted by another poster a while back, that much of the benefit of the recent activity will accrue to the staff and not the shareholders. Thoughts anyone?

[topvest] 16/12/2020 14:19

This all rounds off a fairly successful year for Cenkos given the obvious COVID-19 challenges. Definite 3p dividend for the full year, but could well be 5p+.

[topvest] 16/12/2020 08:59

Another US$46m raised.

Hopefully more to come next year under the placing programme.

About another US$1m fee though.

[speedsgh] 11/12/2020 17:44

Cenkos have been appointed as joint broker (alongside existing Nomad/broker, Shore Capital) to RUA Life Sciences (RUA) and have acted as sole bookrunner on a £6m placing...

[speedsgh] 11/12/2020 07:44

Confirmation of Salt Lake Potash (SO4) fundraising this morning. Note that Cenkos only acted as co-manager on the placing, therefore a smaller fee earned. Euroz Hartleys and Canaccord Genuity acted as joint lead managers and bookrunners...

[topvest] 10/12/2020 21:40

Good news on Salt Lake Potash - a really good end to the year for Cenkos, it has to be said.

[quepassa] 10/12/2020 11:04

Ha ha ha .

Zog is as thick as two short planks.

This is what he wrote in March - since which time the share price has gone up by 125% and the dividend very much maintained.

I wonder whether Zog would care to comment on what he wrote in March and just how badly wrong he was?

His Post 3365 of 19th. March :-

"How much cash does Cenkos have ? On b/sheet or for trading purposes

Market cap is 17m right now

The divi will be cancelled. Saves cash. But how much time does Cenkos have in terms of cash burn ?

"


It is clear for all to see that he has no idea at all about Cenkos nor the sector in which they operate.


ALL IMO. DYOR.
QP

[albert zog] 10/12/2020 10:41

I’m afraid not Quepassa. You obviously do not understand the company

[quepassa] 10/12/2020 10:15

1.

Colourful article page 24 today's FT, influential Lex Column.

Cenkos features in article headed "UK mid-cap brokers: school of hard knocks".

2.

Mr. Durkin returned from retirement and has done a great job in putting Cenkos back on an even keel and getting increasingly strong momentum going again .

We now have an insider who knows the business back-to-front as the incoming CEO - and who is a deal-doer by background and highly motivated. This is positive news.

I think it's a savvy appointment - good news for Cenkos - and good news for shareholders.

ALL IMO. DYOR.
QP

[speedsgh] 10/12/2020 08:20

Update on proposed Salt Lake Potash (SO4) fundraising. Cenkos are joint broker to the company alongside Hannam & Partners. AUD48m = approx £27m...



Salt Lake Potash Limited ("Company") is pleased to advise that arrangements for a capital raising intended to raise approximately A$48 million at A$0.40 per share by way of placement with the ability to take oversubscriptions, and a share purchase plan to raise up to A$5 million are progressing well. The Company expects to release an announcement regarding the results of the capital raising and satisfaction of the conditions precedent to enable drawdown of its debt financing, on 11 December 2020.

[albert zog] 09/12/2020 22:04

Disappointing to see Jim retire again. This new fella Morse is not of the same calibre. Quite divisive from what I’m told. Most Cenkos staff will leave if he can’t reassure them. Time to sell. I’m sure Jim will take some money off the table. Goodbye Jim

[topvest] 09/12/2020 21:00

I must have missed this £60m IPO.
hxxps://heiq.com/wp-content/uploads/2020/12/Auctus-Growth-plc-Prospectus-Summary-12-November-2020.pdf
Another £0.5m or so of fees.

[topvest] 09/12/2020 20:37

Jim Durkin is looking to go out with a very good recovery year. Provided Round Hill Music stick with Cenkos, then there are lucrative fees next year. This could well go to a US$1-2bn company very quickly and overtake Hignosis as arguably they have a better track record having been the original pioneer.

[topvest] 09/12/2020 20:34

If this placing goes ahead and raises a few hundred million dollars then a positive ahead of forecast trading statement is a strong possibility.

[topvest] 09/12/2020 20:32

No, I think its potentially big. As per the prospectus:

Initial Placing and Offer for Subscription for a target issue of 375 million Ordinary Shares at US$1.00 per Ordinary Share
Placing Programme for up to 750 million Ordinary Shares and/or C Shares

[speedsgh] 09/12/2020 10:57

Cenkos are acting as joint broker (alongside newly-appointed Investec) for Eddie Stobart Logistics (ESL) on a conditional £9m Placing & Subscription + an Open Offer to raise up to an additional £7m...

[carcosa] 09/12/2020 08:50

tv,

How many of the secondary placing shares are involved do you think?

Originally Pipeline Investments had a valuation of US$363m
The Initial Issue successfully raised US$282m million which together with its ability to utilise gearing of up to 25%, so maybe US$345m?
That leaves about US$18m for the placing or around 5% of the issued share capital.

Would that be ball park?

[mattboxy] 09/12/2020 08:34

Durkin is retiring. Hope they keep the business coming in.

[topvest] 09/12/2020 08:33

Disappointing that Jim Durkin is retiring though - just seen that.

[quepassa] 08/12/2020 07:13

Sector feedback from the competition and hopeful read-across for Cenkos.

Numis Corp. Outstandingly good Prelims released today for y/e 30th. September:-

Extract herewith. See their RNS for full details:-


"Highlights

-- In an extraordinarily challenging year for our clients and our staff we delivered record revenues up 39% versus the prior year

-- Strong growth in average deal fees and capital raising activity from our retained client base resulted in investment banking revenue growth of 37%

-- Market share gains and strong trading performance resulted in Equities revenue growth of 43%
-- Our response to COVID-19 was collaborative and agile and ensured client service levels were sustained and staff wellbeing protected

-- For the first time average market capitalisation of our corporate client base in excess of GBP1bn and includes 62 FTSE350 companies

-- Dividend maintained at 12p for fifth successive year and GBP9.8m spent on share repurchases
-- Balance sheet position enhanced providing a solid foundation for further growth "



Maintained dividend by Numis and their very buoyant outlook bodes well for the sector as a whole.

Rising tide lifts all boats.

ALL IMO. DYOR.
QP

[topvest] 04/12/2020 21:35

Advising on this potential deal...