24 Jul 2018 07:00
24 July 2018
Cenkos Securities plc
("Cenkos" or the "Company")
Trading Update
As reported in our AGM Statement in May, the first quarter of 2018 had been disappointing as market volatility had a significant impact upon investor sentiment. Since then the second quarter's performance has slowly improved, although several transactions which were expected to complete in June did not complete until July. At this stage, the revenue pipeline for August is encouraging and we anticipate that the second half's performance to be stronger than the first half's performance.
We have seen an improvement in our pipeline of prospective transactions for the remainder of the year, however the full year's revenue is expected to be materially below those recorded in 2017, as those revenue figures included some unusually large fees.
The Company will announce its interim results for the six month period ended 30 June 2018 together with the declaration of an interim dividend in September 2018.
For further information, please contact:
Cenkos Securities plc Tel: 0207 397 8900
Anthony Hotson, Chief Executive Officer
SPARK Advisory Partners Limited Tel: 0203 368 3552
Matt Davis, Nominated Adviser
Whitman Howard Limited Tel: 0207 659 1224
Nick Lovering, Broker
Buchanan Communications Tel: 0207 466 5066
David Rydell, PR Adviser