Latest research:

Beasley PLC: Cyber drives a major opportunity
Helios Underwriting PLC: Year of account estimates improve
Scotgold Resources: High grade, low cost gold
Advanced Oncotherapy PLC: Delay on Harley Street and Sinophi update
Majedie Investments: Well placed for the bond sell off
Forterra PLC: Solid statement. Stronger cash flow.
Cropper (James): Increased target price and rating upgrade
Beazley PLC: Specialty still rules
Novae Group: Taking a bit of icing off the cake
Hiscox: Retail driving growth
M Winkworth PLC: London slowdown signalled
EU Supply: Positive readacross from Millstream
Jardine Lloyd Thompson Group: Q3 update is once again mixed
Lancashire Holdings: It’s the yield…..
Quarto Group: Q3 update
Ascent Resources: Capital raise to unlock first gas in Q1 17
Helios Underwriting: Results of capital raise
Private & Commercial Finance Group: Positive trading update
The Quarto Group: Five easy P(iece)s
EU Supply: Contract win good, sterling weakness bad
Aberdeen Japan Investment Trust: US inflation set to accelerate
Helios Underwriting PLC: H1 2016 PBT (Norm) improved materially
Northbridge Industrial Services: First signs of stabilisation in O&G outlook
Andes Energia: Solid interim results
Sprue Aegis PLC: In-line results, focus back on profit growth
Lancashire Holdings PLC: Head down, getting on with it
Winkworth: Defensive mover
Ascent Resources: Displacing Russian Gas
EU Supply PLC: More signs of progress
Prophotonix LTD: Excellent first half underpins forecasts
Forterra PLC: Solid maiden innings
Proton Power Systems: Contract win now a framework agreement
Advanced Oncotherapy: 2015 results not significant
Advanced Oncotherapy: £24m financing secured for Harley Street
SQS Software Quality Systems: Reassuring AGM trading update
The Quarto Group: Trading continues to be in line
Utilico Investments: Placing of new 2022 ZDP shares
ProPhotonix: New products to drive further profit growth
Braemar Shipping Services: Resilient performance in challenging markets
Lancashire Holdings: Delivering the income
SQS: Buying the last 25% of Pune test centre
Northbridge: New financials following fund raising
Sprue Aegis: Final key testing milestone completed
Sabien: Pilot programme working
EU Supply: In-line results, no change to forecasts
FDM: AGM & Q1 trading update
Synectics: Reduce uncertainty, buy Invesco Asia
Sweett Group: Trading update for FY2016
Sprue Aegis: Profit warning due to warranty provision
Northbridge Industrial Services: Drilling into cost base as oil slides
Taliesin Property Fund: Strong results, continue to see upside potential
Private & Commercial Finance Group: Positive trading momentum continuing
Arria NLG: Progress on Genpact partnership
Tricorn Group: Still in profit but recovery deferred
Cropper (James): Strong TFP trading leads to upgrades
Public Service Properties Investments: End 2015 NAV per share 54.4p
Lloyd’s: FY2015 results
Pearson: Interim results
Synectics: Return to profitability, but outlook uncertain

Stockdale Securities is a leading institutional stockbroking and corporate advisory firm focused on small and mid-cap companies

We are a trusted bridge between our institutional and corporate clients:

  • We provide focussed, sector specialised teams with topical intelligent insight
  • We enable companies to access capital to drive growth and fulfil their ambitions
  • We are an integrated business – our corporate, sales, trading and research teams stand together

Our experienced team is dedicated to the success of its clients. Through establishing long-term and valued relationships, we deliver a quality and tailored service

  • What we do
  • For our corporate clients, in addition to acting as broker, we also provide financial advice and offer Sponsor and Nomad services for Main Market and AIM companies. Critically, we enable companies to access capital to drive growth and fulfil their ambitions. In the last 12 months we have been involved in over 20 transactions with a total value of over £1.5bn.

    We have dealing relationships with over 400 UK institutional investors for whom we provide in-depth, quality research, advice and trading services. In addition, our collaboration with Bryan, Garnier & Co, a leading European independent broking and corporate advisory firm, provides access to major European and US investors.

  • How we do it
  • All areas of the firm – sales, sales trading, trading, research and corporate finance & broking – work together to provide a fully integrated service which is tailored to the needs of our corporate clients, in a way that also helps their shareholders – our institutional clients – make money.

    Corporate broking done well is about relationships rather than transactions: taking the long view, not acting expediently; about teamwork not individuals and, above all, acting with integrity.

  • Our focus
  • We are focused on small and mid-cap companies in the following sectors:

    Financials

    • Research

      Joanna Parsons

      020 7601 6133

      Joanna joined the firm as Head of Research in August 2012. She has been one of the top Extel-ranked small/mid cap Insurance analysts for a number of years as well as extensively covering the General Financials sector. She has also been individually ranked No1 in Extel for all small cap analysts. Joanna previously held the position of Head of UK Mid Market Research at RBS Global Banking & Markets and prior to that worked at ABN AMRO as part of the highly-rated mid/small cap team and at HSBC
    • Sales

      Mark Brown

      020 7601 6126

      Mark Brown joined the firm as Executive Chairman in November 2014. He was previously Chief Executive of Collins Stewart Hawkpoint and brings a wealth of experience and leadership in both small and large investment banks. Having worked as the Global Head of Research for ABN AMRO and HSBC, and as Chief Executive of ABN’s UK equities business, Brown led the successful turnaround of Arbuthnot Securities followed by Collins Stewart Hawkpoint.
    • Corporate

      Antonio Bossi

      020 7367 9072

      Antonio has 19 years’ investment banking experience in M&A and ECM with Barings, ABN Amro and Arbuthnot, principally in the London and Italian markets. Antonio is a Qualified Executive for AIM.

    High Growth Companies

    • Research

      Peter Ashworth

      Peter joined the firm in December 2015, having previously been an analyst at Charles Stanley Securities and Teather & Greenwood. He has considerable experience as a smaller companies’ analyst, focussed upon both full list and AIM companies.
    • Research

      Robert Sanders

      020 7367 9060

      Robert joined Arbuthnot Securities, which merged with the firm in 2012, in October 2003. Since then he has focused on building a leading franchise in fast-growing smaller companies. Prior to Arbuthnot, Robert was a fund manager at Smith & Williamson, where he ran the S&W Smaller Securities Trust and the S&W Global Technology Trust.
    • Sales

      Fiona Conroy

      020 7601 6136

      Fiona joined the the firm in November 2014. She previously worked at Newgate Threadneedle, where she had a senior investor relations role.
    • Corporate

      Tom Griffiths

      020 7367 9071

      Tom is an experienced corporate finance director. He has advised UK small and mid-cap companies across a wide variety of transactions including IPOs, further equity issues and M&A deals. Tom is a Qualified Executive for AIM.

    Investment Funds

    • Research

      Saumya Banerjee

      020 7601 6629

      Saumya started work in the City in 1998 as an investment funds analyst and was head of country funds research for JP Morgan. He has also been a derivatives analyst, run a proprietary trading book for JP Morgan and been a hedge fund manager. Saumya holds a PhD in Financial Economics from Boston University.
    • Sales

      Richard Harris

      Richard joined the firm in September 2015 from Kepler Partners. He began his career in the City in 1993 specialising in closed end fund sales, working for 8 years at Olliff and Partners and Robert Fleming. He moved into Asian Equity Derivative Sales in 2001, working at JP Morgan, Citigroup and Barclays Capital before returning to investment trusts in 2014 at Kepler.
    • Sales

      Matthew Kinkead

      020 7601 6626

      Matthew has over 20 years’ sales experience in the City. He joined the firm in December 2010 from Arbuthnot Securities, where he specialised in investment funds sales. Before this Matthew held sales roles at Olliff & Partners, Panmure Gordon and Collins Stewart.
    • Corporate

      Alastair Moreton

      020 7601 6118

      Alastair joined the firm in November 2010 from Arbuthnot Securities where he specialised in investment funds. Before joining Arbuthnot in 2004, Alastair spent 16 years at HSBC covering all aspects of corporate finance including IPOs, secondary fund raisings and M&A.

    Oil & Gas

    • Research

      Mark Henderson

      020 7367 9061

      Mark joined the firm in 2013 and has 18 years’ experience as an international energy investment analyst. He was previously co-head of the Extel-ranked European oil & gas equity research team at Credit Suisse and also has experience at the Abu Dhabi Investment Authority after qualifying as a Chartered Accountant.
    • Sales

      Josh Nimmo

      020 7601 6143

      Josh joined the firm in March 2014. He previously worked in sales roles at trading firm Tradition in London and also at Taylor Brunswick in Hong Kong.
    • Corporate

      Alastair Stratton

      020 7601 6124

      Alastair joined the firm in July 2014, having previously been Managing Director (Oil & Gas) at Numis Securities. Prior to that he was one of the founding partners of Matrix Corporate Capital LLP where he was responsible for natural resources clients.

    Property, Construction & Support Services

    • Research

      Alastair Stewart

      020 7601 6100

      Alastair has over 30 years’ experience in the construction, housing, building materials, PPP and property sectors. He was a financial journalist for 12 years at Building magazine. He has worked in equities research since 1996 and was previously at Robert Fleming Securities, Dresdner Kleinwort and Investec.
    • Sales

      Simon Wickham

      020 7601 6141

      Simon joined Arbuthnot (which merged with the firm in 2012) in May 2009. He has 15 years’ experience in UK equities and was previously a director and senior UK equity small and mid-cap salesman at Dresdner Kleinwort. Simon’s core franchise is with major UK long only institutions in London and Edinburgh as well as the larger hedge funds.
    • Corporate

      Robert Finlay

      020 7601 6115

      Robert has over 25 years’ experience advising UK and international companies on accessing and transacting in the UK capital markets. Prior to joining the firm at the start of 2013, Robert was head of corporate finance at Canaccord Genuity’s London operations. He has also worked at James Capel & Co, Credit Lyonnais Securities and Hoare Govett.

    Technology & Media

    • Research (Technology)

      Gareth Evans

      020 7601 6100

      Gareth became the firm's Software & IT Analyst in March 2014. Prior to this, he was Joint Head of Research at Investec and the Technology analyst for both Investec and Canaccord Genuity. He is a qualified Chartered Accountant and began his career at Arthur Andersen.
    • Research

      Will Bin Xu

      William was previously a capital market consultant at Cognizant Tech Solutions and an analyst at ABN Amro
    • Corporate

      Andy Crossley

      020 7601 6108

      Andy Crossley joined the firm as Managing Director in April 2015 to lead our corporate broking efforts and to ensure alignment across research, sales, trading and corporate broking and finance. Andy was previously Head of ECM at Peel Hunt for four years. Prior to that, he was one of the UK’s best known and pre-eminent UK small cap fund managers for over twenty years, primarily at Invesco Perpetual. Andy is a member of the LSE Aim Advisory Group.
    • Sales

      Simon Wickham

      020 7601 6141

      Simon joined Arbuthnot (which merged with the firm in 2012) in May 2009. He has 15 years’ experience in UK equities and was previously a director and senior UK equity small and mid-cap salesman at Dresdner Kleinwort. Simon’s core franchise is with major UK long only institutions in London and Edinburgh as well as the larger hedge funds.
  • Who we are
  • Stockdale is a private company and staff are shareholders in the business. Our main shareholder is Somers Ltd, which is an investment holding company specialising in the financial services sector with UK investments in asset management, asset financing and stockbroking. Somers’ shareholder equity as of 30 September 2014 was US$215m.