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.£82.2m
Last close145.00p
High / Low (52 weeks)193.5p / 118.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *1.0(13.7)(15.9)

* % 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

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

Wed, 23 Mar 2016 15:00:00 GMT

PEG Ratio (5 yr expected):

Sat, 29 Mar 2014 07:44:48 GMT

Cenkos Securities plc (CNKS) Insider Hodges,Paul Joseph Acquires 16410 Shares ...

Mon, 18 Apr 2016 05:37:30 GMT

Cenkos Securities plc to Issue Dividend of GBX 1 (CNKS)

Sat, 23 Apr 2016 05:03:45 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2014A 88.5 27.2 27.0 35.2 4.1 7.3
2015A 76.5 20.0 19.9 27.2 5.3 3.1
2016E N/A N/A N/A N/A N/A N/A
2017E N/A N/A N/A N/A N/A N/A

Last updated on 28/04/2016

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' FY15 results showed revenues down 14% from the record FY14 level which was boosted by the fees and trading activity associated with the £1.385bn flotation of AA plc. The level of fund-raising for clients nevertheless remained strong at £3bn (£2.8bn) with the 32 transactions including over £1bn raised for BCA Marketplace; the revenue mix was less rich than in 2014. The flexible cost structure with relatively low basic salaries (the total comp ratio was 59.6% vs 58.8%) reduced the impact of lower revenues and PBT was down 26% to £19.9m with EPS 23% lower at 27.2p. The FY15 dividend is 14p (-18%) and, including share buybacks relating to FY15/16, means Cenkos will have paid out virtually 100% of earnings over the two years.

Last updated on 03/05/2016

Industry outlook

While the market background remains uncertain, Cenkos has demonstrated resilience over time and, given its mix of revenues should be less exposed to the effect of continuing pressure on institutional commissions and the potential impact of MiFID II than some peers.

Last updated on 03/05/2016

Key management

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

Company address

6.7.8 Tokenhouse Yard,
United Kingdom
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