Cavendish Financial (CAV)

Sector:

Financials

Index:

FTSE AIM All-Share

 10.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 12.75
  • 52 Week Low: 6.05
  • Currency: UK Pounds
  • Shares Issued: 362.19m
  • Volume: 63,090
  • Market Cap: £38.03m

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

 

CAV Market Data

Currency UK Pounds
Share Price 10.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 12.75
52 Week Low 6.05
Volume 63,090
Shares Issued 362.19m
Market Cap £38.03m

CAV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
12.39% below the market average12.39% below the market average12.39% below the market average12.39% below the market average12.39% below the market average
9.4% below the sector average9.4% below the sector average9.4% below the sector average9.4% below the sector average9.4% below the sector average
Income Not Available
Growth
33.86% below the market average33.86% below the market average33.86% below the market average33.86% below the market average33.86% below the market average
22.64% below the sector average22.64% below the sector average22.64% below the sector average22.64% below the sector average22.64% below the sector average

CAV Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Sep-22 06-Jan-22
Paid 07-Oct-22 21-Jan-22
Amount 1.15p 0.60p

Trades for 23-Feb-2024

Time Volume / Share Price
16:22 127 @ 11.00p
15:18 30,000 @ 10.98p
14:41 6,000 @ 10.00p
14:01 10 @ 10.00p
14:01 10 @ 11.00p

CAV Key Personnel

COO Richard Charles Snow
Chair Lisa Gordon
CFO Ben Procter

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