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.£52.2m
Last close92.00p
High / Low (52 weeks)126.0p / 69.0p
Stock market listingLN
Forecast net cash (£m)27.4
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(8.9)(9.8)(28.4)
Relative *(9.9)(9)(34.2)

* % Relative to local index

Other companies in sector Show

ÖKOWORLD 3i Group
Abbey Protection Aberdeen Asset Management
Admiral Group AFH Financial Group
Ai Claims Solutions Alpha Strategic
Amlin APQ Global
Arbuthnot Banking Group Arden Partners
Ashmore Group Atlantis Japan Growth Fund
Aviva plc Banca IFIS
Banca Sistema BB Healthcare Trust
Beazley Brewin Dolphin
Brightside Group Catlin Group
ChimpChange Circle Holdings
City of London Group Collins Stewart
Corestate Capital Holding Covercy
Curtis Banks DeA Capital
Deutsche Börse Deutsche Grundstücksauktionen
DF Deutsche Forfait Empiric Student Property
Ernst Russ Experian
Fairpoint Group FBD Holdings
Ferratum Oyj Finlab
Gable Holdings Gartmore Group
German Startups Group GLI Finance
Grand City Properties Hardy Underwriting
Hargreaves Lansdown Heartland New Zealand
Helphire Henderson Group
Hiscox HSBC Holdings
ICAP IFG Group
IG Group Impax Asset Management
International Personal Finance Is Yatirim Menkul Degerler
JDC Group John Laing Group
Jupiter Fund Management Lancashire Holdings
Liontrust Asset Management Lloyd Fonds
London Stock Exchange Group MAN Group
Market Tech Holdings Mattioli Woods
MCB Finance Group mic
Moneysupermarket.com MPC Capital
MyBucks Nürnberger Beteiligungs
NEOVIA Financial Noratis
Novae Group Numis Corporation
Oakley Capital Investments Limited Ocean Capital
Oekoworld Omega Insurance Holdings
OTC Markets Group Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Prudential
publity Quayle Munro Holdings
Randall & Quilter Investment Holdings RCM Beteiligungs
Record Rensburg Sheppards
RSM Tenon S&U
Sanlam Securities UK Scherzer & Co
Schroders Secure Trust Bank
Share Shore Capital Group
St. James's Place Syndicate Asset Management
Tawa The Dolphin Square Charitable Foundation
Tungsten Corporation Warsaw Stock Exchange
WH Ireland WorldSpreads Group

Company news

Cenkos Securities chief executive Jim Durkin to stand down

Fri, 12 May 2017 16:32:51 GMT

'Brexit' uncertainty almost wipes out profits at Cenkos Securities

Wed, 21 Sep 2016 09:09:59 GMT

Profits tumble at Cenkos Securities as fundraisings dry up

Fri, 31 Mar 2017 08:00:31 GMT

Cenkos Securities names new CEO

Wed, 05 Jul 2017 06:35:03 GMT

Cenkos Securities PLC Looks Like A Target For Barclays PLC

Wed, 07 Jan 2015 15:00:46 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 3.4 3.3
2016A 43.7 4.5 4.4 4.7 19.6 N/A
2017E 52.0 8.0 7.8 11.2 8.2 5.9
2018E N/A N/A N/A N/A N/A N/A

Last updated on 21/07/2017

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

CNKS FY16 revenues declined more than 40% from the high levels of 2014/15, reflecting quieter markets and the absence of the very large (£1bn plus) transactions that characterised those years. In response to sharply lower revenues, costs were well controlled with performance-related pay reducing and non-staff costs falling slightly. This flexibility in the business model mitigated the decline in profitability, resulting in a pre-tax profit of £4.4m (2015: £19.9m) and ROE of 10%. Profits were again fully distributed (6p dividend). CNKS has announced that existing non-executive director, Anthony Hotson, will succeed Jim Durkin as CEO on 1 August. He has substantial financial sector experience and joined the board in May 2012, so has a good understanding of the culture of the business.

Last updated on 03/08/2017

Industry outlook

Economic and political uncertainties remain a feature although the FTSE All-Share Index remains in modestly positive territory ytd. CNKS has described its pipeline as encouraging and recently acted as Nomad and sole broker on the April flotation of Eddie Stobart, raising £380m with a market valuation of £573m. Other recent transactions include fund-raisings for Flow Group, 1pm, Plastics Capital and UK Oil & Gas.

Last updated on 03/08/2017

Key management

Gerry Aherne, Chairman
Anthony Hotson, CEO
Mike Chilton, FD

Company address

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