Cenkos Securities (CNKS)

Business description

Cenkos is an independent, specialist, institutional securities group, focused on growth companies and investment funds. Its principal activities are corporate broking and advisory and institutional equities.

Share price chart

Share chart

Stock data

Market cap.£117.4m
Last close185.00p
High / Low (52 weeks)244.0p / 98.0p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(24.2)(16.5)90.7
Relative *(17.5)(10.4)101.1

* % Relative to local index

Other companies in sector Show

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2012A 43.2 6.8 7.0 7.43 24.9 7.9
2013A 51.4 10.9 10.7 14.19 13.0 8.4
2014E 92.2 28.0 27.8 36.50 5.1 4.8
2015E 60.0 12.6 12.4 17.84 10.4 30.7

Last updated on 14/10/2014

Latest research

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

As shown by the positive trading statement, and with the financial benefits of the AA IPO, Cenkos has delivered excellent H114 results. The relative operational gearing (revenue up 226%, cost up 143%) is better than the historic cost income of the group, showing good leverage and confirming that Cenkos’s performance-related model not only limits downside risk, but gives investors upside gearing in favourable market conditions. The outlook comment is positive. The dividend was doubled and the possibility of other capital returns has been indicated.

Last updated on 14/10/2014

Industry outlook

The most recent LSE market announcements indicate a quieter Q214 than the strong Q114, reflecting investor uncertainty in a socio-political environment. The reported deals on Cenkos's website are well ahead of 2013 and the pipeline commentary is very positive.

Last updated on 30/09/2014

Key management

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

Company address

6.7.8 Tokenhouse Yard,
London
EC2R 7A
United Kingdom
View website