reports
- Pedro Fonseca
Cenkos Securities - Gained market share in tough conditions
The much-reduced level of capital markets activity in 2022 meant sharply lower profitability for Cenkos, although control over fixed costs and reduced variable compensation provided some mitigation. The group continued to focus on client service, gained share in AIM fund-raising (to 15%), has made net additions to its client base and, supported by a strong balance sheet, has made selective staff hires to strengthen its capabilities.
EQS-News: Cenkos Securities sees combination of factors behind M&A slo...
EQS-News: Cenkos Securities PLC Cenkos Securities sees combination of factors behind M&A slowdown 07.12.2022 / 14:33 CET/CEST The issuer is solely responsible for the content of this announcement. Contact DetailsProactiveProactive UK Ltd 3News Source: News Direct 07.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at -news.co...
Cenkos Securities (CNKS): Flexible model well suited to market conditi...
Edison Investment Research Limited Cenkos Securities (CNKS): Flexible model well suited to market conditions 16-Sep-2022 / 07:00 GMT/BST London, UK, 16 September 2022 Cenkos Securities (CNKS): Flexible model well suited to market conditions Capital market activity slowed sharply in H122, affecting Cenkos’s results, but the group’s control over fixed costs and variable compensation lessened the impact on underlying profit. While trading conditions remain difficult, Cenkos has increased its client base, invested in staff and retains a strong balance sheet so it should be well ...
- Pedro Fonseca
Cenkos Securities - Flexible model well suited to market conditions
Capital market activity slowed sharply in H122, affecting Cenkos’s results, but the group’s control over fixed costs and variable compensation lessened the impact on underlying profit. While trading conditions remain difficult, Cenkos has increased its client base, invested in staff and retains a strong balance sheet so it should be well positioned to benefit once market activity recovers.
- Pedro Fonseca
Cenkos Securities - Uncertain background but resilient model
After a very strong H121, Cenkos recorded slightly higher revenues in H221 and made a strong start to FY22 with transactions including two IPOs and an introduction. The succession in management completed last year has been accompanied by a greater focus on collaboration within the business and the longer-term development of the franchise. Underpinning this is a willingness to invest selectively to ensure high levels of client service. This should be positive for the group even if the near-term m...
- Pedro Fonseca
Cenkos Securities - Reinvigorated and looking to the long term
A strong first half, continued transaction activity in the second half and a promising pipeline are positive near-term factors for Cenkos shares. On a longer view, the reinvigoration provided by management succession, a willingness to invest for growth and greater focus on building the franchise for the long term are encouraging factors, regardless of likely short-term swings in market sentiment and activity levels.
- Pedro Fonseca
Cenkos Securities - Reinvigorated and looking to the long term
A strong first half, continued transaction activity in the second half and a promising pipeline are positive near-term factors for Cenkos shares. On a longer view, the reinvigoration provided by management succession, a willingness to invest for growth and greater focus on building the franchise for the long term are encouraging factors, regardless of likely short-term swings in market sentiment and activity levels.
- Pedro Fonseca
Cenkos Securities - Strong FY20 and positive outlook
Cenkos delivered a good performance in 2020, with revenue growth of over 20% and reduced fixed costs contributing to a rebound in profitability. The reformed executive committee is focusing on developing the existing strengths in corporate finance and broking while ensuring increased collaboration between teams. Timing of delivery of the transaction pipeline is always uncertain, but the focus on service delivery for clients should help generate long-term returns.
Cenkos Securities: 2 directors bought/maiden bought
Two Directors at Cenkos Securities bought/maiden bought 120,000 shares at between 72p and 73p. The significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...
Cenkos Securities (CNKS): Strong activity and lean cost base
Edison Investment Research Limited Cenkos Securities (CNKS): Strong activity and lean cost base 22-Oct-2020 / 08:00 GMT/BST London, UK, 22 October 2020 Cenkos Securities (CNKS): Strong activity and lean cost base Cenkos's first half results demonstrated the benefits of its flexible operating model and strength of its client relationships. While challenges related to COVID-19 are set to continue, Cenkos's focus is on growth companies and its fund-raising year-to-date has had a greater emphasis on corporates financing M&A and growth opportunities rather than for defensive purpo...
EML Payments (EML): Storing up value
Edison Investment Research Limited EML Payments (EML): Storing up value 22-Oct-2020 / 07:00 GMT/BST London, UK, 22 October 2020 EML Payments (EML): Storing up value EML Payments is a specialist payment solutions provider with a focus on the prepaid market. The group's strategy is to use acquisitions supported by organic development to establish strong positions across a diverse range of use cases and markets. EML now operates in 28 countries and has grown revenues at a five-year CAGR of 53%. While COVID-19 has slowed the pace of growth in the short term, the business is well-f...
EML Payments (EML): Storing up value
Edison Investment Research Limited EML Payments (EML): Storing up value 22-Oct-2020 / 07:00 GMT/BST London, UK, 22 October 2020 EML Payments (EML): Storing up value EML Payments is a specialist payment solutions provider with a focus on the prepaid market. The group's strategy is to use acquisitions supported by organic development to establish strong positions across a diverse range of use cases and markets. EML now operates in 28 countries and has grown revenues at a five-year CAGR of 53%. While COVID-19 has slowed the pace of growth in the short term, the business is well-f...
- Pedro Fonseca
Cenkos Securities - Strong activity and lean cost base
Cenkos’s first half results demonstrated the benefits of its flexible operating model and strength of its client relationships. While challenges related to COVID-19 are set to continue, Cenkos’s focus is on growth companies and its fund-raising year-to-date has had a greater emphasis on corporates financing M&A and growth opportunities rather than for defensive purposes. This should prove more sustainable although, as always, the timing of transactions in the encouraging pipeline reported remain...
- Pedro Fonseca
Cenkos Securities - Uncertainty and opportunity
Cenkos benefits from a flexible business model that rewards staff and shareholders in periods of strong activity and revenues but limits the downside when the level of transactions is depressed. Fixed costs have been further reduced, which will help sustain profitability prospectively, while the strong balance sheet and surplus regulatory capital are important supportive features for both clients and investors.
- Pedro Fonseca
Cenkos Securities - Costs adjusted to protect profitability
2019 was a difficult year for UK equity capital markets activity, and Cenkos demonstrated the strength of its flexible business model and the client relationships sustained by its staff, achieving full year profitability despite one-off restructuring costs. Lower fixed costs will benefit future earnings and Cenkos reports a positive start to 2020 with a strong pipeline. Conservatively, we have reduced our revenue/earnings assumptions for this year, but improved market/investor confidence could g...
- Andrew Mitchell
- Making hay when the sun shines
Cenkos Securities’ H117 result was strong with a pre-tax profit increase of over 150% bolstered by the Eddie Stobart IPO, which provided further evidence of the company’s ability to complete larger transactions as well as a flow of smaller deals. The second half has started well and, subject to market conditions, the pipeline is reported to be healthy. Our FY17 earnings estimate has been increased by nearly 11%. Revenue and profit are subject to market fluctuations but the business model of cont...
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 g...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Update: Transparent, entrepreneurial business model
Cenkos (CNKS) is a specialist institutional stockbroker with a consistent track record of profitability since its formation. Its entrepreneurial approach has helped attract an expanding client list and win mandates for substantial transactions, including the fund raise of over £1bn for BCA last year. The level of profit is subject to market fluctuations but the current valuation appears to reflect cautious assumptions given the group’s historical performance and attractive yield.
- Martyn King
Transparent, entrepreneurial business model
Cenkos (CNKS) is a specialist institutional stockbroker with a consistent track record of profitability since its formation. Its entrepreneurial approach has helped attract an expanding client list and win mandates for substantial transactions, including the fund raise of over £1bn for BCA last year. The level of profit is subject to market fluctuations but the current valuation appears to reflect cautious assumptions given the group’s historical performance and attractive yield.
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