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Edison Investment Research

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Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>A strong first half, continued transaction activity in the second half and a promising pipeline are positive near-term factors for Cenkos shares. On a longer view, the reinvigoration provided by management succession, a willingness to invest for growth and greater focus on building the franchise for the long term are encouraging factors, regardless of likely short-term swings in market sentiment and activity levels.</p>

A strong first half, continued transaction activity in the second half and a promising pipeline are positive near-term factors for Cenkos shares. On a longer view, the reinvigoration provided by management succession, a willingness to invest for growth and greater focus on building the franchise for the long term are encouraging factors, regardless of likely short-term swings in market sentiment and activity levels.

Cenkos Securities - Reinvigorated and looking to the long term