Cenkos Securities (CNKS)

Sector:

Financials

Index:

FTSE AIM All-Share

73.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 94.00
  • 52 Week Low: 60.00
  • Currency: UK Pounds
  • Shares Issued: 56.69m
  • Volume: 29,192
  • Market Cap: £41.39m
  • RiskGrade: 173
  • Beta: 0.03

Cenkos swings to profit as clients raise funds

By Sean Farrell

Date: Friday 02 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Cenkos Securities swung to a first-half profit as revenue was boosted by clients raising funds during the Covid-19 crisis.
Pretax profit for the six months to the end of June was £0.8m compared with a loss of £0.2m a year earlier as revenue rose 21% to £12.9m. Cenkos halved its interim dividend to 1p a share.

Cenkos's results were supported by a 48% increase in corporate finance fees to £9.2m as clients raised money to strengthen their finances and for acquisitions. Revenue from broking, research and advice for AIM-listed companies dropped 6% to £3.2m as client numbers fell and trading gains halved to £445m from £921m.

The corporate broker said it had completed several equity fundraisings for clients since the end of June and that it had a good pipeline of deals and was winning new clients. Cenkos's shares rose 5.6% to 47.5p at 09:12 BST.

Chief Executive Jim Durkin said: "The second half of the current financial year has begun with energy and purpose at Cenkos, despite the ongoing macro challenges presented by the ongoing coronavirus."

Cenkos spent £0.7m on restructuring to cut employee numbers to 89 from 95 during the first half. The company said the cuts would save it £0.8m a year.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CNKS Market Data

Currency UK Pounds
Share Price 73.00p
Change Today -0.50p
% Change -0.68 %
52 Week High 94.00
52 Week Low 60.00
Volume 29,192
Shares Issued 56.69m
Market Cap £41.39m
Beta 0.03
RiskGrade 173

CNKS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.34% below the market average29.34% below the market average29.34% below the market average29.34% below the market average29.34% below the market average
42.4% below the sector average42.4% below the sector average42.4% below the sector average42.4% below the sector average42.4% below the sector average
Price Trend
46.56% above the market average46.56% above the market average46.56% above the market average46.56% above the market average46.56% above the market average
43.07% above the sector average43.07% above the sector average43.07% above the sector average43.07% above the sector average43.07% above the sector average
Income
33.02% above the market average33.02% above the market average33.02% above the market average33.02% above the market average33.02% above the market average
25.33% below the sector average25.33% below the sector average25.33% below the sector average25.33% below the sector average25.33% below the sector average
Growth
89.47% above the market average89.47% above the market average89.47% above the market average89.47% above the market average89.47% above the market average
81.36% above the sector average81.36% above the sector average81.36% above the sector average81.36% above the sector average81.36% above the sector average

CNKS Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Oct-21 13-May-21
Paid 04-Nov-21 17-Jun-21
Amount 1.25p 2.50p

Trades for 25-Jan-2022

Time Volume / Share Price
11:43 13,573 @ 73.60p
11:41 1,911 @ 71.00p
09:39 2,708 @ 73.70p
09:39 10,000 @ 71.50p
08:22 1,000 @ 74.70p

CNKS Key Personnel

CEO Julian Morse

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