Cenkos Securities (CNKS)

Business description

Cenkos is a specialist, UK institutional stockbroker, focused on growth companies and investment funds. Its principal activities are primary and secondary fund raising, corporate advisory, research, trade execution and market making activities.

Share price chart

Share chart

Stock data

Market cap.£110m
Last close180.00p
High / Low (52 weeks)226.0p / 158.5p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *4.02.8(17.2)

* % Relative to local index

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Company news

Cenkos Securities PLC Looks Like A Target For Barclays PLC

Wed, 07 Jan 2015 15:00:46 GMT

PEG Ratio (5 yr expected):

Sat, 29 Mar 2014 07:44:48 GMT

Cenkos Securities plc Declares Dividend of GBX 7 (CNKS)

Tue, 22 Sep 2015 18:33:45 GMT

Cenkos Securities plc to Issue Dividend of GBX 7 on November 5th (CNKS)

Sat, 03 Oct 2015 13:18:45 GMT

BRIEF-Cenkos Securities appoints Nicholas Wells as an executive director

Mon, 14 Apr 2014 07:52:30 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2013A 51.4 10.9 10.7 14.19 12.7 8.2
2014A 88.5 27.2 27.0 35.23 5.1 9.1
2015E 75.0 19.2 18.9 27.03 6.7 5.5
2016E N/A N/A N/A N/A N/A N/A

Last updated on 22/09/2015

Latest research

Daily comment

Institutional Comment | Financials | 30/03/2015

Daily comment

Institutional Comment | Financials | 14/10/2014

AA super-charged

Outlook | Financials | 13/10/2014

Daily Comment

Institutional Comment | Financials | 18/09/2014

Daily comment

Institutional Comment | Financials | 23/06/2014

Galloping ahead in positive markets

Update | Financials | 17/04/2014

Daily comment

Institutional Comment | Financials | 26/03/2014

A thoroughbred broker

Initiation | Financials | 14/10/2013

Specialism pays

Outlook | Financials | 30/09/2011

Investment summary

Cenkos differentiates itself by its meritocratic remuneration policy leading to a flexible cost structure; staff ownership of risk; focus on diversified, profitable niches; and returns of capital to its owners. H115 revenue (£53m) was the second best six months since Cenkos floated in 2007, beaten only by the record H114. Cost were well controlled and the pre-tax profit of £18.6m was four times the average since that time. Both H115 and H114 had £1bn+ plus deals. Shareholders are being rewarded with the interim dividend of 7p (yield 4% on interim alone) and an £8m share buyback (via tender offer). We note the company ceased to be Quindell's Nomad in August. Our numbers are under review.

Last updated on 29/09/2015

Industry outlook

Cenkos has completed and is working on a number of significant fund-raisings. Delivery of this pipeline is dependent on market conditions, which remain uncertain. July 2015 UK average daily order book trades were up 20% on June 2014, and £3.3bn has been raised on AIM ytd against £5.9bn in FY14.

Last updated on 29/09/2015

Key management

Gerry Aherne, Chairman
Jim Durkin, CEO
Mike Chilton, FD

Company address

6.7.8 Tokenhouse Yard,
United Kingdom
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