87 days ago
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.
