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.£63.5m
Last close112.00p
High / Low (52 weeks)149.0p / 69.0p
Stock market listingLN
Forecast net cash (£m)27.4
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual19.225.8(23.8)
Relative *19.023.3(33.6)

* % Relative to local index

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Company news

Cenkos Securities faces potential fine over advice to former Quindell firm

Wed, 27 Jul 2016 11:13:21 GMT

Cenkos Securities plc

Sat, 18 Mar 2017 11:37:30 GMT

'Brexit' uncertainty almost wipes out profits at Cenkos Securities

Wed, 21 Sep 2016 09:09:59 GMT

Cenkos Securities PLC Looks Like A Target For Barclays PLC

Wed, 07 Jan 2015 15:00:46 GMT

UK Regulator Fines Cenkos $690000 Over Scandal-Laden Quindell

Tue, 09 Aug 2016 10:18:45 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 76.5 20.0 19.9 27.2 4.1 4.1
2016A 43.7 4.5 4.4 4.7 23.8 N/A
2017E 52.0 8.0 7.8 11.2 10.0 7.2
2018E N/A N/A N/A N/A N/A N/A

Last updated on 03/04/2017

Latest research

A flexible model that rewards innovation

Update | Financials | 03/04/2017

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 Securities maintained its record of unbroken profitability in 2016 despite tougher markets. The business model, based on relatively low basic remuneration and variable team rewards transparently linked to results, has proved resilient across the cycle and encourages an entrepreneurial approach, attracting clients and mandates, increasingly for substantial transactions. The level of profit is subject to market fluctuations but the current valuation appears to reflect cautious assumptions given the group’s historical performance.

Last updated on 03/04/2017

Industry outlook

Markets have continued to strengthen since the US election despite a range of macro uncertainties. In the UK the Brexit negotiations could cause fluctuating sentiment, but entrepreneurial companies may focus more on opportunities against a resilient economic backdrop generating improving corporate transaction volumes.

Last updated on 02/03/2017

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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