Report

A flexible model that rewards innovation

Cenkos Securities maintained its record of unbroken profitability in 2016 despite tougher markets. The business model, based on relatively low basic remuneration and variable team rewards transparently linked to results, has proved resilient across the cycle and encourages an entrepreneurial approach, attracting clients and mandates, increasingly for substantial transactions. The level of profit is subject to market fluctuations but the current valuation appears to reflect cautious assumptions given the group’s historical performance.
Underlying
Cenkos Securities

Cenkos Securities is an independent, specialist institutional securities group, focused on small and mid-cap companies and investment funds. Co.'s principal activity is institutional stockbroking. Co. provides corporate finance, nomad and broking, research and execution services to small and mid-cap growth companies and investment funds across a range of sectors, investment funds and increasingly larger companies. Co. acts as a nominated advisor, sponsor, broker and financial advisor to a range of companies and investment funds, at all stages of their growth and across all sectors. .

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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