Cenkos Securities Share Discussion Threads

[tallprawn] 16/4/2021 12:59

Completion of the bowl formation on the chart at 100p looks nailed on now.Nice move over the last few sessions. More to come yet.

[martomarto] 16/4/2021 12:47

Someone is unloading blocks of stock every time it looks like moving ahead. Is this still the ghost of P Hodges? Not sure yet.DYOR.

[chrisb1103] 15/4/2021 19:28

There's going to be an almighty rush for the door at 1.20 .... #metoo lol :)

[martomarto] 15/4/2021 19:08

Holding for 1.20!

[bwm2] 15/4/2021 13:01

This was in addition to my core holding which I am very pleased with

[brucie5] 15/4/2021 12:30

Holding for £1.20.

[bwm2] 15/4/2021 11:26

Had a little trade this week, bought at 80p and sold at close yesterday for 88p when the spread was 86-88p (showing as a 25k buy). So not surprised marked higher today

[topvest] 14/4/2021 21:52

Markets are very strong at the moment, so its vital to get some of their pipeline away in the next month or two in my view. Round Hill Music should be next but hoping for an IPO soon as well.

[tizo100] 14/4/2021 15:31

I joined the party this morning looks well undervalued on fundamentals

[thelongandtheshortandthetall] 14/4/2021 11:11

I've bought here 4x since April 1st.
All good so far.

[speedsgh] 14/4/2021 11:02

Re US Solar Fund initial issue & placing programme previously highlighted. Cenkos is acting as sole sponsor & joint broker (alongside Jefferies International). A rough guide on total costs to USF of the Initial issue and at least one Subsequent Placing can be found below (all subject to various assumptions)...

Publication of Prospectus -

Prospectus -

From the prospectus...

Total Expenses related to the Initial Issue and the Placing Programme

On the basis that the Company undertakes the Initial Issue and at least one Subsequent Placing, and assuming that at least US$150 million is raised in aggregate, the Directors estimate that total costs and expenses across the Initial Issue and such Subsequent Placings will not exceed 2% of the aggregate Gross Initial Proceeds and the gross proceeds of such Subsequent Placings. Assuming that aggregate gross proceeds of US$150m were raised across the Initial Issue and such Subsequent Placings, the total net proceeds would be estimated to be approximately US$145m. All issues of Ordinary Shares undertaken under the Initial Issue or any Subsequent Placing will be accretive to Net Asset Value.

[vinceelliott] 14/4/2021 09:22

The high water mark of 2017/18 should not be confused with the earlier highs where a lot of long term holders bought in for the nice dividcnd which has oscillated dramatically since that time.

[martomarto] 13/4/2021 18:13

Stock volumes today higher than last few years. Few big sales and lots of smaller buys. Picked up a few more but hope this is not just a good day but a deserved rerating.

[brucie5] 13/4/2021 09:22

There - and what did I say?
-------------------------------

"It’s not beyond the realms of possibility that given Cenkos’ solid cash backing, the positive equity market environment, and potential for profit growth in 2021, the share price could rally a further 50 per cent to 120p, the high water mark in 2017 and 2018."

[thelongandtheshortandthetall] 13/4/2021 08:43

Great.
CNKS and FCAP both offering superb exposure to the brokerage mzrkets.😎

[topvest] 13/4/2021 08:37

US Solar Assets placing announced for US$110M if successful. Round Hill Music next.

[carcosa] 13/4/2021 07:08

Tipped in Investors Chronicle again by Simon Thompson. Here is an extract:

...because the company’s bumper cash pile of £32.7m (57p a share) backs up almost 75 per cent of its £44m market capitalisation, effectively meaning that an operational business benefiting from substantial operational leverage and a reduced cost base is priced on less than three times 2020 pre-tax profit. The 17 per cent hike in the 2020 payout to 3.5p a share is another attraction for income seekers looking to lock into a 4.5 per cent dividend yield. Since listing on Aim in December 2008, the board has paid out 178.3p a share, highlighting the importance of rewarding its shareholder base.

It’s not beyond the realms of possibility that given Cenkos’ solid cash backing, the positive equity market environment, and potential for profit growth in 2021, the share price could rally a further 50 per cent to 120p, the high water mark in 2017 and 2018. A chart breakout above the March 2021 high of 81p would be a significant technical buy signal and one worth following. Buy.

[thelongandtheshortandthetall] 12/4/2021 12:04

I like that they have a third of their market cap in excess cash and I like that the directors are in for bonus shares if the can achieve a total shareholder return of 100% in the next few years.
Money 'invested' here should perform ok imo.
The downside is pretty well protected.

Good luck all.

[trident5] 12/4/2021 11:30

Extract from the report:

"This report has been commissioned by Cenkos and prepared and issued by Edison, in consideration of a fee payable by Cenkos. Edison Investment Research standard fees are £49,500 pa for the production and broad dissemination of a detailed note (Outlook) following by regular (typically quarterly) update notes. Fees are paid upfront in cash without recourse".

[trident5] 12/4/2021 11:19

Edison notes are always upbeat - the companies they report on wouldn't pay them were it otherwise; fundamental economics again.