Cavendish (CAV)

Sector:

Financials

Index:

FTSE AIM All-Share

8.25p
   
  • Change Today:
    -0.40p
  • 52 Week High: 14.30
  • 52 Week Low: 7.80
  • Currency: UK Pounds
  • Shares Issued: 385.69m
  • Volume: 1,902,500
  • Market Cap: £31.82m
  • Beta: 0.00

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FinnCap tumbles as takeover talks with Panmure end

By Michele Maatouk

Date: Friday 25 Nov 2022

LONDON (ShareCast) - (Sharecast News) - FinnCap tumbled on Friday after it said that takeover talks with Panmure Gordon had ended.
The investment bank announced in October that it had received indicative non-binding proposals from peer Panmure about a possible combination and that early-stage discussions were ongoing.

"As a result of initial discussions, the boards of directors of both finnCap and Panmure Gordon believed that there was sufficient cultural fit and strategic and commercial logic to merit examining a combination of the two businesses," it said in a statement late on Thursday.

"However, following further discussions and in light of each company's strengths as independent entities, each board has concluded that it is not possible to find mutually acceptable terms or structure for such a combination.

"Today, the parties have agreed to end these discussions."

At 0810 GMT, finnCap shares were down 18.9% at 15.00p.

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Cavendish Market Data

Currency UK Pounds
Share Price 8.25p
Change Today -0.40p
% Change -4.62 %
52 Week High 14.30
52 Week Low 7.80
Volume 1,902,500
Shares Issued 385.69m
Market Cap £31.82m
Beta 0.00

Cavendish Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
38.83% below the market average38.83% below the market average38.83% below the market average38.83% below the market average38.83% below the market average
36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average
Income Not Available
Growth Not Available

Cavendish Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Nov-24 19-Sep-24
Paid 11-Dec-24 15-Oct-24
Amount 0.30p 0.25p

Trades for 04-Apr-2025

Time Volume / Share Price
14:40 200,000 @ 7.80p
15:31 27,912 @ 8.24p
12:51 23,359 @ 8.24p
12:50 26,000 @ 8.34p
12:31 20,000 @ 8.03p

Cavendish Key Personnel

Chair Lisa Gordon
CFO Ben Procter

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