Cavendish (#CAV) – H1 swing to loss and Joint CEO John Farrugia “stepping down”, argues “healthy pipeline”

Cavendish: Smug Sam Smith’s proudest achievement warns yet again but what is it NOT saying?

Having resigned some years ago so that she could get some leg over time, smug Sam Smith cannot be blamed for this warning but none the less, a bad and disingenuous statement is another stain on her legacy. Floating Cavendish (CAV) at 27p was, she said, her proudest achievement. The shares are now 6.85p so maybe those who backed her IPO may take a different view.

Cavendish (#CAV) – H1 update, “increased macroeconomic challenges… completion timetables, and therefore revenue visibility, remain difficult to predict”

Bottom Fishing Cavendish: No thanks

The mid cap investment bank Cavendish (CAV)  founded and floated at 27p buy smug egomaniac Sam Smith now sees its shares languishing at 9.25p, a market cap of £32 million. That its shares are slipping cannot be blamed on Smith who resigned a couple of months before a profits warning some years ago, telling journalists that she needed more time to get her leg over.  So what is up?

Cavendish (#CAV) – FY “core” PBT slightly down to £3.5m, actual Profit After Tax to £0.6m

Cavendish (#CAV) – FY “profitable in both halves”, though now “sentiment… heavily influenced by the current conflict in the Middle East”

Cavendish (#CAV) – H1 slight improvement YoY, DPS maintained at 0.3p, “optimistic about the outlook”

Cavendish (#CAV) – expects H1 revenue slightly up to “about £28.0m” in “profitable first half”, believes “well positioned to deliver an encouraging close to the financial year”

Cavendish (#CAV) – FY return to profit, DPS up to 0.8p, “started the new financial year well”

Cavendish (#CAV) – FY LFL revenue expected to be in line with prior year, states “profitable in both halves”

Cavendish Financial (#CAV) – H1 adj. EPS 0.4p, DPS 0.3p, “market conditions have yet to improve significantly post the general election”

Cavendish Financial (#CAV) – H1 growth and “solid pipeline”, though notes “uncertainty over the impact of the upcoming Budget”

Cavendish Annual Report out: City fat cats rewarded generously for abject bottom line failure

When Chancellor Rachel Reeves goes after what she might term the undeserving rich, certain folks in the City present her with a very easy target. The City does awful PR for itself, it can be its own worst enemy. Cavendish Financial (CAV),the nomad and broker formed from the merger of Cenkos and Finncrap has today posted its annual report, this is a company whose operating loss almost doubled to £3.9million in the 12months to March 31.

Cavendish Financial (#CAV) – FY increased operating loss, DPS down to 0.25p, states current year “look forward to returning to a profitable year”

Photo article: an ode to smug Sam Smith as she turns 50

Sam Smith the founder of FinnCap and mastermind of its 27p per share IPO has turned 50. Shares in what is now known as cavendish Financial (CAV) are now 13.5p so have lost 50%. Sam walked before the most disastrous profits warning to, according to the Mail on Sunday, get an ahem…personal life. Being a modest sort she has posted on LinkedIn a few thoughts, the rather flirtatious photo you see below and a poem all about her penned by a friend. Pass the sick bag.

Cavendish Financial (#CAV) – COO Richard Snow to “step down” on 31st July, stated “desire to pursue a new direction and return to a CFO role”

Cavendish Financial (#CAV) – appointment of Spark Advisory as Nominated Adviser, replacing Grant Thornton

Cavendish Financial (#CAV) – “trading update” notes revenue growth but no other P&L detail, cash up to £20.8m

Exclusive: Cavendish Financial to list £50m LGBTQA+ investment company on AIM

The day after the Sunday when we were all ordered to celebrate Transgender Awareness Day, rather than silly old fashioned Easter, the commemoration of the resurrection of our saviour Jesus, Cavendish Financial has announced plans to list on AIM, Irons PLC, a £50 million investment company which will invest only in LGBTQA+ owned or managed businesses.

Cavendish Financial (#CAV) – H1 another loss, notes “drag on market demand for UK growth equity”