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

Newly-formed Cavendish Financial reports post-merger progress

By Josh White

Date: Friday 29 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Newly formed investment firm Cavendish Financial updated the market on its trading on Friday, reporting rapid and strategic post-merger developments.
The AIM-traded company, which was holding its annual general meeting, is formed of finnCap Group and Cenkos Securities, which finalised a merger on 8 September.

It said post-merger progress had been swift and strategic, with the entire Cenkos team from London transitioning to the main London office.

Additionally, Cavendish introduced its new branding, streamlined trading processes onto a singular platform, and achieved significant headway in IT amalgamation.

A crucial aspect of the merger, the operations team integration - fundamental for harnessing synergies - was also on the brink of culmination.

Cavendish said shareholders could expect further details on synergy outcomes with its maiden interim results, set for release in December.

"Trading across the City has been quiet during the summer, but since merger completion, the group has already announced a number of significant transactions which will close in the coming months, including acting as sole adviser to Round Hill Royalty Fund on its offer from Concord Cadence, fundraisings for Haydale Graphene and Shield Therapeutics and obtaining key regulatory clearances for the equity financing of Allergy Therapeutics by ZQ Capital and Southern Fox," the board said in its statement.

Reporting by Josh White for Sharecast.com.

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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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