Cavendish Women of Influence – oh please spare me from this piffle

Cavendish (CAV), then called FinnCap (FCAP), floated on the AIM Casino in December 2018 at 27p. Proforma pre-tax profits in the six months to 31 October 2018 were £4 million and founder and CEO Sam Smith stated she was on a “mission” to tackle an awful City culture of sexism, yadda, yadda, yadda. That woke crusading continues and in calendar 2024 pre-tax profits were just £700,000. The shares are now just 12.5p. Call me a reactionary old dinosaur but the City culture I find repellent is fat cats drawing vast salaries while destroying shareholder value.

FinnCap – the legacy of MSM postergirl Sam Smith – truly dismal results ahead of Cenkos merger

IPO’d by Sam Smith, the woman celebrated by the sisterhood and woke media as the postergirl for feminists in the City, at 27p per share, shares in FinnCap (FCAP) are just 7.75p today after the publication of shockingly bad results for the year to March 31. Smith stepped down in September and within weeks there was an awful profits warning and the new CEO had to start slashing costs to survive. Then came a merger with also suffering Cenkos (CNKS), two drunks propping each other up. This is the legacy of Sam Smith, who told the Daily Mail she only stepped down to start getting some “how’s your father.” The reality is Smith fecked it up.

finnCap (#FCAP) – FY revenue -37% to £32.9m and swing to loss, merger with Cenkos (#CNKS) “on track for completion in Q3”

Secret Sauce, Ms I quit FinnCrap to get my Leg Over Sam Smith has a best selling book, STILL doesn't twig that sales are vanity

Sam Smith who, according to a fawning interview in the Daily Mail, quit as CEO of FinnCap (FCAP) in order to end her drought in the "How's your father" department, has a new book out, The Secret Sauce, which she is plugging on LinkedIn as you can see below. The fawning comments from the sisterhood are truly nauseating, brace yourself and get a sick bag ready. They are in awe as to how Sam turned a £1m turnover per annum business into a £1 million sales per week firm. But hang on, sales are vanity...

The fallen mighty: Two drunks propping each other up, Nomad and broker Cenkos merges with Finncap

It’s all an all share merger of equals, each side getting 50% of the enlarged equity, with every Cenkos shareholder getting 3.19420647 New FinnCap Shares for every one Cenkos held. A marriage of equals you say? That is to say two businesses that have been equally disastrous investments. Merge two bad companies and what do you get?

finnCap (#FCAP) – recommended merger of 3.19420647 new finnCap shares for each Cenkos (#CNKS) share

Forget wanting to get some how’s your father the reason Sam Smith walked from FinnCap – atrocious results!

On 21 June smug and conceited Sam Smith announced that she was stepping down as CEO of FinnCrap (FCAP) the business she had founded and floated at 27p just three years ago. She left the business on September 28 and, according to one of the sycophantic journalists who have blown smoke up Smith’s arse for being a wonderwoman in a man’s world, yadda, yadda, yadda, this was so she could find time for a bit of How’s Your Father. Whatever. The real reason Smith walked was that she must have been aware just how dire trading was. Today we have results for the6 months to 30 September and they are catastrophic.

finnCap (#FCAP) – H1 swing to loss, net cash down to £10.1m and axes dividend

finnCap (#FCAP) – “early stage” discussions following possible offer proposals from Panmure Gordon

finnCap (#FCAP) – after recently CEO leaving, COO Tom Hayward “desire to pursue a new direction” and to leave in January

FinnCap – AGM Trading Update, the operational gearing now really hitting in reverse?

Previously writing on finnCap Group (FCAP), in April with the shares down to 26.5p I noted the outlook looked set to be even further of ‘more complex markets’ for it and to avoid from a still more than £47 million market cap. What now after a further trading update, with the shares currently down to 16.5p?

finnCap (#FCAP) – revenue to 31st August approx. -30% YoY, argues H2 outlook for a somewhat better performance, hmmm

finnCap (#FCAP) – Sam Smith has now “stepped down” as CEO, succeeded by John Farrugia

finnCap (#FCAP) – John Farrugia and Geoff Nash appointed Executive directors, good luck chaps!

Why Smug Sam Smith quit as FinnCap CEO - nothing to do with leg over, Peel Hunt warns

The notion that Sam Smith quit in order to get her leg over, is this morning blown out of the water by a Peel Hunt AGM warning. If Peel is getting battered, how do you think its notably inferior rival, FinnCap, is doing? When is your warning, your smugness? With results in the next couple of weeks, I suggest.

The real reason Smug Sam Smith quit as FinnCap CEO was to get her end away...whatever

Pass the sick bag. You might think that Sam Smith opted to quit as boss of FinnCap (FCAP) the other day was because in the three and a half years since its IPO the shares have slumped by a third despite City advisers hauling in record fees for the past two years. But as the bear market growls it is a matter of when, not if, FinnCrap serves up a dire profits warning so it is better to walk now before the merde really hits the proverbial. But today's Femail section of the appalling Daily Mail suggests there is a lot more to the story. For starters did you know that the firm Sam started was in the the FTSE 100?

Sam Smith to quit as FinnCrap CEO – a sign that the merde will soon hit the fan

Okay, Sam has a few things to be smug about. She set up FinnCap (FCAP), and 24 years later, it is an AIM-listed Nomad and broker. Furthermore, she has done it all despite - as per hundreds of sycophantic interviews - being a woman in what is largely a male-dominated world. How very ESG, la dee da dee da. But…

finnCap (#FCAP) – CEO Sam Smith to step down to an advisor, John Farrugia to become CEO

finnCap (#FCAP) – MD of capital markets business Stuart Andrews leaves “to pursue other interests”

finnCap (#FCAP) – Energise Limited acquisition, “a net zero and sustainability consultancy”!