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.£52.7m
Last close93.00p
High / Low (52 weeks)182.5p / 92.0p
Stock market listingLN
Forecast net cash (£m)26.8
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(25)(24.1)(47.9)
Relative *(25.7)(30.6)(54.9)

* % Relative to local index

Other companies in sector Show

Company news

'Brexit' uncertainty almost wipes out profits at Cenkos Securities

Wed, 21 Sep 2016 09:00:00 GMT

Cenkos Securities faces potential fine over advice to former Quindell firm

Wed, 27 Jul 2016 11:03:45 GMT

Cenkos Securities plc (CNKS.L)

Sat, 29 Mar 2014 07:44:48 GMT

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

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 2.6 2.3
2015A 76.5 20.0 19.9 27.2 3.4 3.4
2016E 52.0 6.8 6.6 9.9 9.4 7.1
2017E N/A N/A N/A N/A N/A N/A

Last updated on 24/08/2016

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

While equity markets have been relatively buoyant year to date, the background for corporate transactions and equity issuance has proven less favourable. AIM new and further money raised was down 18% to end July while the Main Market figure was down 47%. At Cenkos itself we note a smaller number of announced transactions so far and a lower cumulative value, even if we exclude the headline BCA Marketplace fundraising (£1bn) from the 2015 figures. Reflecting this background, we have trimmed our central case assumptions for FY16e with revenue of £52m vs £55m previously resulting in c 14% lower profits and EPS estimates. We have also adjusted our dividend assumption from 10p to 9.5p. An FCA investigation into Cenkos’ historical advisory work for the former Quindell concluded in August and Cenkos reached a settlement including a financial penalty of £0.53m. We have made an allowance for the potential net impact of this within our estimates.

Last updated on 01/09/2016

Industry outlook

Uncertainty surrounding the form of Brexit may act as a drag on corporate activity for a period, but as the picture clarifies entrepreneurial companies are increasingly likely to take opportunities generating renewed deal flow.

Last updated on 01/09/2016

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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