Latest research:

EU Supply: Trading update
Braemar Shipping Services: Delivery of new state of the art LNG carrier
Fireangel Safety Technology: Trading update – forecasts suspended
Warpaint London: Acquisition of USA distributor
Northbridge Industrial Services: Further improvement in tone
GetBusy: Robust growth despite FX
Metminco: Initial Tesorito drill results
Vitesse Media: Transformational acquisition
APC Technology Group: £2.54m placing/subscription & Aspen acquisition
FDM Group: Investing and growing
Escape Hunt: Good news on Dr Who/some growth delays
Aortech International: Set fair under new strategy
Synectics: Strong first half underpins forecasts
Phoenix Global Resources: Unconventional growth
Metminco: New strategy under new management
GetBusy: BGF gets busy
Lakehouse: Exit from non-core units sharpens focus
James Cropper: Long-term investment case intact
Braemar Shipping Services: Trading in line with expectations
Tricorn Group: Upgraded target price
Northbridge Industrial Services: Sentiment continues to improve
EU Supply: Positive AGM statement
GetBusy: Maiden AGM Statement: Strong start to 2018
Location Sciences: Encouraging start to 2018 in trading update
Lakehouse: Warming to Wales
Braemar Shipping Services: FY2018 results in line with expectations
Cronin Group: The digitization of chemistry
OnTheMarket : Building branches
Synectics: Confident AGM statement
Warpaint London: No changes to profit/dividend forecasts
Sprue Aegis: Update on DA termination and final results
EU Supply: Set to build on maiden EBIT profitability
Helios Underwriting: Pain today but growing upside potential
APC Technology Group: Strong interim performance
Private & Commercial Finance Group: £100m milestone in retail deposits achieved
Northbridge Industrial Services: Recovery in sight
BowLeven: Monetising existing resources
Tricorn Group: Further positive trading update
GetBusy: Robust maiden FY results
Braemar Shipping Services: H2 recovery. Claim impacts FY18 PBT
ECSC Group: Still set to be EBITDA positive during 2018
Jardine Lloyd Thompson Group: Watch and wait
FDM Group: Building a Professional Services titan
Hiscox: Building for the future
Jardine Lloyd Thompson Group: FY17 one step forward, 2018
APC Technology Group: Positive AGM statement
Synectics: Increased R&D investment to ensure growth
Lancashire: Looking past the 2017 loss
Beazley: A strong FY result in a difficult year
Warpaint London: Reassuring trading update
Northbridge Industrial Services: FY 17 trading “in line”
Hiscox: 2017 PBT cut again on FX and claims
Braemar Shipping Services: Acquisition of Atlantic Brokers
Lancashire: 2017 loss is rising – will 2018 rates?
Sprue Aegis: EBIT in line despite sales shortfall
EU Supply: Maiden profitability achieved in 2017
FDM Group: 2017 trading update
Lakehouse: Compliance core offsets slow Construction
GetBusy: Robust 2017 trading
Beazley: Still looking good
M Winkworth: Prime time?
Scotgold Resources: Placing of Shares
Warpaint London: Retra buy enhances earnings and dividends
Helios Underwriting: 2017 loss but outlook improving
EU Supply: Revenue forecast upgrade
EU Supply: Buying opportunity
James Cropper: Q3: Forecasts unchanged due to TFP growth
Hiscox: Q3 IMS flagging upside potential
Beazley: Solid Q3 and positive outlook tone
Scotgold Resources: Rights Issue to Raise £2.65m
Warpaint London: Acquisition & placing to raise up to £21.2m
Jardine Lloyd Thompson Group: Q3: solid and on track
Lancashire: Looking through Q3 to FY2018-19E
Braemar Shipping Services: Markets in H1 challenging. Stronger H2 expected
Taliesin Property Fund: Still undervalued
James Cropper: Reassuring trading update
Tricorn Group: Positive trading update
Lancashire: Net losses in US$106-212m range
Hiscox: Potential US$225m hit from Harvey, Irma
Lakehouse: Orchard sale sharpens focus and cuts debt
Warpaint London: Orchard sale sharpens focus and cuts debt
APC Technology Group: Recovery and growth potential
SQS Software Quality Systems: H1 demonstrates continuation of trends
M Winkworth: Capital appreciation?
ProPhotonix: Stronger balance sheet and new products
Braemar Shipping Services: Acquisition of NAVES Corporate Finance GmbH
EU Supply : Contract win momentum set to continue
B.P. Marsh & Partners : Global insurance rates
Beazley : Ransomware attacks rise
Hiscox : Doing what it says on the tin
Northbridge Industrial Services : Estimates unchanged following H1 update
Jardine Lloyd Thompson Group : Focusing on the medium term story
Lancashire : Focus on the ROE and Yield
FDM Group : Further outperformance – a stellar H1
Sprue Aegis : Strong return to profitability
Brave Bison Group : 2017 interims – reassuring start
Beazley : Specialty leads the way
Jardine Lloyd Thompson Group : Focusing on the prize
Hiscox : Retail is underpinning the business
Lancashire : Paid to sit tight
ProPhotonix : Trading update/extension of Rights Plan
Novae Group : M&A – show me the money
Taliesin Property Fund : Portfolio revalued upwards by JLL
Beazley : Non Life Insurance
SQS Software Quality Systems : Solid H1 trading
Utilico Emerging Market : Access emerging market infrastructure assets
ECSC Group : Growing pains
James Cropper : Excellent results, increased forecasts and TP
Lakehouse : Two-speed recovery
Warpaint London : Positive AGM statement
Braemar Shipping Services : Progress in Q1 though end markets still tough
Jardine Lloyd Thompson Group : Setting out the future stall
Eu Supply : Framework agreement/target price increase
Sprue Aegis : Reassuring AGM statement
Helios Underwriting : Acquisition of LLV Nottus
Beazley : Cyber Forum – 14 June 2017

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

A trusted bridge between our corporate and institutional 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.

  • 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

      Robert Sanders

      020 7601 6111

      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

      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 7601 6125

      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

      020 7601 6112

      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 7601 6111

      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.
    • Corporate

      Tom Griffiths

      020 7601 6139

      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

      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

      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.

    Oil & Gas, Mining

    • 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.
    • Mining

      Sheldon Modeland

      020 7601 6113

    • Oil & Gas

      Richard Slape

      0207601 6135

    • Specialist Sales

      Andrew Wilson

      0203 947 6606

    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

      Brendan D’Souza

      020 7601 6129

    • 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.