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    Simon Strong

    Research Analyst at Cenkos

    Simon Strong is a Research Analyst at Cenkos Securities, specializing in equity research across the UK mid- and small-cap sectors, with an emphasis on industrial and property-focused companies. He has covered specific companies such as Urban&Civic and has been noted for his detailed analysis, including balance sheet clarifications and sector trends. While quantitative performance metrics and third-party rankings are not publicly available, his consistent coverage and industry engagement signal a strong track record within Cenkos. Simon Strong began his analyst career with a focus on corporate finance and equity analysis, joining Cenkos to further specialize in fundamental company research; professional credentials such as FCA registration are likely, but specific securities licenses or FINRA registration are not documented.

    Simon Strong's questions to Arqit Quantum (ARQQ) leadership

    Simon Strong's questions to Arqit Quantum (ARQQ) leadership • H1 2022

    Question

    Simon Strong from Cenkos asked for clarification on balance sheet movements, specifically the large increase in Property, Plant & Equipment (PPE), the working capital cycle given the rise in trade receivables, and the future trajectory of capitalized expenditure on intangible assets.

    Answer

    CFO Nick Pointon clarified that the PPE increase was a non-cash accounting item for a 'right of use asset' related to their London office, not contract rollouts. He explained that the rise in trade receivables was due to both contract revenue and cash receipts from warrant exercises. Founder, Chairman and CEO David Williams added that while not providing guidance, the capitalized expenditure on intangibles reflects ongoing investment in their satellite technology and is expected to continue.

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