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.

Stock data

Market cap.£70.3m
Last close124.00p
High / Low (52 weeks)188.5p / 112.0p
Stock market listingLN
Forecast net cash (£m)26
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(3.9)(14.5)(23.7)
Relative *(5.9)(20.8)(31.3)

* % Relative to local index

Other companies in sector Show

Company news

Cenkos Securities plc Jumps 10% As It Denies SFO Rumours

Tue, 08 Dec 2015 09:33:45 GMT

Cenkos Securities PLC Looks Like A Target For Barclays PLC

Wed, 07 Jan 2015 15:00:46 GMT

Cenkos Securities faces potential fine over advice to former Quindell firm

Wed, 27 Jul 2016 11:03:45 GMT

Are Lighthouse Group plc, Cenkos Securities plc And BATM Advanced ...

Wed, 23 Mar 2016 15:07:52 GMT

-LSE Ticker: 1FLHR0/ISIN: GB00B1FLHR07

Sat, 29 Mar 2014 07:44:48 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2014A 88.5 27.2 27.0 35.2 3.5 3.1
2015A 76.5 20.0 19.9 27.2 4.6 4.5
2016E 55.0 7.9 7.7 11.5 10.8 8.2
2017E N/A N/A N/A N/A N/A N/A

Last updated on 27/07/2016

Latest research

Transparent, entrepreneurial business model

Update | Financials | 26/05/2016

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' revenues and profits for 2015 were lower than the record levels reached in 2014, but were still the second highest level reported in the last eight years. Funds raised for clients were over £3bn (£2.8bn 2014), although a change in mix and a lower result for the market making activity resulted in a 14% reduction in revenue. Including the FY15 dividend of 14p and share buy backs relating to FY15/16, Cenkos continued to pay out the majority of its earnings. Our central case estimate reflects some post-Brexit caution and we would refer readers to our results note where we indicate the sensitivity of earnings to a range of outcomes, including the possibility of additional large transactions as seen in the past two years. Press reports indicate that an FCA investigation into Cenkos’ historical advisory work for the former Quindell may be reaching a conclusion.

Last updated on 02/08/2016

Industry outlook

In its AGM statement in May, the company indicated that as well as having been engaged in a number of significant fund raises, it had a strong pipeline. The political and economic uncertainty caused by the UK's EU referendum result may well slow immediate deal flow but activity among entrepreneurial clients should revive as the political turmoil settles and the path to exit becomes clearer.

Last updated on 02/08/2016

Key management

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

Company address

6.7.8 Tokenhouse Yard,
London
EC2R 7A
United Kingdom
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