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Cenkos merges with finnCap – “a true meeting of minds”… of recent shite IPOs?

By Steve Moore | Thursday 23 March 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Writing Two drunks propping each other up, Nomad and broker Cenkos (CNKS) merges with finnCap (FCAP) earlier, Tom noted their stated triumphant and grandiose argument that “This merger is a true meeting of minds: the combination of two firms with a shared client-centric culture” before noting shall we list all their recent shite IPOs? I’ve had a look back over the 18 months before the start of this year and found the following (and not forgetting finnCap’s March 2021 Parsley Box already de-listed. Please add any which could have been missed from this “true meeting of minds” in the comments below)...

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