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.

Share price chart

Share chart

Stock data

Market cap.£97m
Last close162.50p
High / Low (52 weeks)244.0p / 158.5p
Stock market listingLN
Forecast net debt (£m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(7)(14.7)(28.1)
Relative *(2.9)(4.2)(22.9)

* % 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

PEG Ratio (5 yr expected):

Sat, 29 Mar 2014 07:44:48 GMT

BRIEF-Cenkos Securities appoints Nicholas Wells as an executive director

Mon, 14 Apr 2014 07:52:30 GMT

Laird PLC Stock Rating Reaffirmed by Cenkos Securities Ltd (LRD)

Thu, 04 Jun 2015 05:15:00 GMT

Quindell £1m stock deal defended: Cenkos insists three company directors who ...

Fri, 07 Nov 2014 22:15:37 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2013A 51.4 10.9 10.7 14.19 11.5 7.4
2014A 88.5 27.2 27.0 35.23 4.6 8.2
2015E 75.0 19.2 18.9 27.03 6.0 4.9
2016E N/A N/A N/A N/A N/A N/A

Last updated on 29/07/2015

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 differentiates itself by its meritocratic remuneration policy leading to a flexible cost structure; staff ownership of risk; focus on diversified, profitable niches; and returns of capital to its owners. The quality of staff attracted to this model has delivered outperformance in tough conditions, but also in better ones. While positive, the key issue is that the model is delivering an excellent flow of deals of increasingly large size (eg the recent Haversham BCA £1bn + deal). 2015 has started with “a number of significant fund-raisings” and the May AGM statement noted the business was trading well. Our numbers assume all earnings are paid out by dividend and in a December buy-back.

Last updated on 03/08/2015

Industry outlook

Cenkos has completed and is working on a number of significant fund-raisings. Delivery of this pipeline is dependent on market conditions, which remains uncertain. June 2015 UK average daily order book trades were up 23% on June 2014, and £2.8bn has been raised on AIM ytd against £3.78bn in FY14.

Last updated on 03/08/2015

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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