FinnCap (FCAP) has announced “further to its announcement on 10 March… delighted to confirm that unaudited revenue for the year ended 31 March 2022 is expected to be approximately £52.4m, an increase of 12% over FY21”. So why a share price response currently approaching 9% lower to 26.5p?...
Nomad and broker Finncap (FCAP) led by smug Sam Smith the City’s fave female entrepreneur, so we cannot say anything bad about her company, floated on the AIM Sewer on December 5 2018 at 28p per share. Today, after a ramptastic, but odd, trading statement, the shares are …. 28p to sell, 29p to buy if you are nutso.
As per its recent trading statement, Finncap (FCAP), like every other City advisory and broking firm, has enjoyed a quite amazing year. It is the nature of this industry that it is either feast or famine and with massive M&A activity, debt and equity refinancings and even IPOs in the small and mid cap space, even Finncrap must have coined it in. That brings us to today’s news that its, self-important, smug and woke, CEO Sam Smith has bought 130,000 shares at 30.5p.
Are the deadwood press still blowing smoke up the arse of Sam Smith, the boss of FinnCap (FCAP), a woman showing the men how it’s done in the man’s world of broking and corporate finance? Maybe there will be less blowing after a shock profits warning today.
With every other Nomad/broker in town having issued a profits warning in the past few months it is only a matter of time before FinnCrap (FCAP) has to 'fess up to. But quite amazingly the shares still trade at their IPO price of 28p valuing FinnCrap at £47 million which today’s ShoreCap (SGR) purchase of rival Stockdale shows to be a joke.
After its IPO I asked you all for suitable captions of the photo below. As you can see HERE there were many en tries but there can be only one winner of the sem i naked photo of the UK's top share blogger (mornings only), thirsty Paul Scott. If you feel aggrieved by the winner, fear not, we will have another contest featuring Sam when FinnCrap (FCAP) has its first profits warning. So you will not have to wait too long. Anyhow the winner is...
The picture below is of Sam Smith the CEO of FinnCrap (FCAP) celebrating the IPO of her company on AIM at the offices of the London Stock Exchange. I ask you for suitable captions in the comments section below with the prize for the wittiest and rudest being a semi naked picture of Britain's top share blogger (mornings only), Thirsty Paul Scott. For what it is worth I set an early low bar with my suggestion...
