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?
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.
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.
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.
