Trading Update

RNS Number : 5094V

Cenkos Securities PLC

24 July 2018

 

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: [phone]

Anthony Hotson, Chief Executive Officer

SPARK Advisory Partners Limited                                                                  Tel: [phone]

Matt Davis, Nominated Adviser

Whitman Howard Limited                                                                                Tel: [phone]

Nick Lovering, Broker

Buchanan Communications                                                                               Tel: [phone]

David Rydell, PR Adviser

 

END

 

 

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