Daniel Stewart Securities Share Discussion Threads

[lr4850] 08/9/2013 11:11

Scandalous!!!!!! No sign of the benefits to shareholders of retaining these staff - they must have been good to want to keep them LOL (let's see what the fruits of their labours will be to shareholders- I am guessing zilch, nada, nil.

Don't hold your breath for the accounts though :-)

[kooba] 08/9/2013 11:00

A retention payment appears to be something handed out to staff to stop them leaving....so the company made £1.4m pre retention payments in 2012 and paid £1m of that to staff to stop them leaving!Not sure everyone's interests are aligned here!Can't wait for the 2013 accounts for a laugh!

[kooba] 08/9/2013 10:54

Well it's not easy to follow...but certainly looks like there are only 4m warrants now outstanding.The company exercised a lump before 2012 year end which must have significantly boosted revenues and also exercised some ahead of half year which again must have boosted interims...which were still poor even with that contribution.But it appears during the second half to 31 march 2012 year end 20m. Warrants have been exercised which should have released £2m during the period which will be reported shortly and a further 4m on expiry in the first half of current year.The problem is these are one off realisations and not income but it appears they appear as revenue and therefore the p&l.It appears they booked revenue from share trading ( which I believe is the warrant exercises) of Full year march 2012 £2.8mInt sept £500kSo for the full year am expecting full year warrant revenue of £2.5m

[nod] 08/9/2013 10:45

Good research kooba.I'm looking forward to the news about OUR warrants.As Peter Shea pointed out in that interview with Angel News he doesn't own the business the shareholders do... You must give them information in a timely manner... Private shareholders should be treated equally... All shareholders should be treated equally and with respect... Look especially at the management team and take a long term view... The interview was in early 2008 and the Angel News document dated 9 March 2008.

[lr4850] 08/9/2013 10:32

kooba

It is all very underhand of DAN IMHO. It may be worth putting this to Steamy001 who is very good in his research on QPP and I did ask him a while back about DAN and he took a look at it. If anyone will know how many QPP warrants are out there and with whom; there is a good chance it will be Steamy001.

Keep on digging kooba, you are unearthing some very useful information that put more flesh on my pondering about DAN's QPP warrants. This may even be the same case with other company warrants that DAN held(which were sizable). Perhaps contact with the relevant authorities may be required in the near future?

[kooba] 08/9/2013 10:27

It appears a decent chunk were sold before 31st march 2012 to boost the numbers and justify the salary increase!"Revenue for the twelve months was GBP8.8 million up from GBP8.4 million for the previous year. The increase was primarily attributable to the exercise and sale of options and warrants in the money"Looking again at the 2012 report and accounts anyone know what retention payments are?"Administrative costs rose by 36% from £3 million in 2011 to £4.2 million entirely as a result of retention payments of approximately £1 million."

[kooba] 08/9/2013 10:08

Recap17 November 2011Daniel Stewart Securities Plc, the parent company of Daniel Stewart & Company,financial adviser to Quindell, hold warrants over 40,412,917 ordinary sharesin Quindell, exercisable at 2.47p per share, of which a third expire on 28April 2012, a third expire on 28 April 2013, and a third expire on 28 April2014.

[kooba] 08/9/2013 09:47

Been looking through the quindell announcements to see if I can work out what happened to the warrants...seems there are only 4m odd left after systematic selling down with a chunk being exercised in Jan but before then 5m and 6m etcQuindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors, announces that on 25 January 2013, following an exercise of warrants, the Board of Quindell has issued and allotted 15,067,744 new Quindell shares of 1 penny each ("New Shares"), with the majority of these New Shares having already been placed by the warrant holder with a long term holder of Quindell shares. A total of 8,097,571 warrants remain outstanding, 4,048,178 exercisable until 28 April 2013 and 4,049,393 until 28 April 2014.

[loverat] 08/9/2013 09:43

It's the old being rewarded for failure routine isn't it? Share price absolutely decimated and a seemingly poor performance over a number of years. I suspect it will not be until there are further massive AIM scandals that something will finally be done. Probably a mass shareholder revolt.

[lr4850] 08/9/2013 09:13

Jumped up from an already ridiculous amount by the looks of it. Cash cow for these spivs - and scandalous that they can, they do and get away with it. No accountability in AIM shares.

[kooba] 08/9/2013 09:03

I did notice that Mr Shea's renumeration jumped in 2012 report and accounts...not bad for a "diamond geezer" ;)The emoluments of the highest paid director and chairman were £445,411, (2011: £302,558). Not necessarily sharing the pain with other shareholders and being paid £445k (an almost 50% rise yr on yr ) renumeration for a company whose market cap is near £2.5m and was losing money at the half year is just wrong IMHO.

[red army] 08/9/2013 00:11

He's a diamond geezer and nothing more having met him.
I would not mind betting that someone is running their rule over this now.

[lr4850] 07/9/2013 19:35

Probably because he sold up the warrants and squandered cash in bonus payments and staff "performance" (LOL) incentives. I once trusted O'Shea - not any more.

[kooba] 06/9/2013 20:22

I did have some recent correspondence pointing out shareholders had no trading update for almost nine months and opining that company's that advise aim companies should endeavour to show a good example as in if you update the market pre close for two years on the trot then continue to maintain that level of communication..not just when it suits.He did come back to say results and update shortly. But couldn't comment on my questions regarding quindell warrants but didnt reply to a follow up email.Why don't you forward with a quess who said this email;)[e-mail]

[lr4850] 06/9/2013 19:30

great find and very amusing(also annoying). Perhaps you should email it to o'shea as a reminder. They cant even keep their website up to date. I mentioned it here once and the next day it was updated with new deals.

[kooba] 06/9/2013 19:14

I found this from an interview with Peter Shea...I thought it amusing!Q. You are a quoted company yourselves - what is it like dealing with investor relations and the press and what tips can you offer AngelNews companies in this regard if they are already quoted or who are intending to float?A. I am a big believer in investor relations. Once you are public, you have effectively sold your business. I follow the philosophy that all shareholders should be treated equally and with respect, which means, among other things, that you must give them information on a timely basishttp://www.angelnews.co.uk/angelnews-newssite/static/documents/Peter_Shea.pdf

[lr4850] 06/9/2013 15:54

That's the trouble with DAN - lots of bull; and lots of smoke and mirrors and no communication. All adds up to dodgy as I have found out to my cost.

[kooba] 06/9/2013 15:50

However that doesn't stack up with the interim statementQuindell in which we hold a substantial warrant position with a current value of approximately GBP500,000Needs some urgent clarification of what they have got as the interim would indicate a position of less than 7m when there should still have been 27m....perhaps they have been exercising to pay the bills but they should be telling us as relative to the market cap these are substantial.

[kooba] 06/9/2013 15:25

17 November 2011Daniel Stewart Securities Plc, the parent company of Daniel Stewart & Company,financial adviser to Quindell, hold warrants over 40,412,917 ordinary sharesin Quindell, exercisable at 2.47p per share, of which a third expire on 28April 2012, a third expire on 28 April 2013, and a third expire on 28 April2014.Would indicate that most of the warrants have now expired...rather hope exercised and converted into cash!But we may still have warrants on 13.3m @ 2.47p .. With quindell at 16.5p now that would be a fair whack.Anyone know where they stand now? Last report and accounts don't give much away and are substantially out of date. This information is provided by RNS The company news service from the London Stock Exchange END FEEEDLFFFFFZFBD -0- Nov/17/2011 16:37 GMT

[lr4850] 06/9/2013 14:19

Great post kooba and thanks. I am in QPP and wondered whether I should sell some of these to average down more here. It kept going down and so my strategy getting it to 2.7p proved disastrous based on today's share price

[kooba] 06/9/2013 13:23

Well results to 31st march due and no trading update this year..things very tough in small co broking so even though the full year shouldn't be too bad with second half contributions from the sizeable sportingbet/gvc deal and a few other notable transactions during the period. Current trading likely to be difficult.Be interesting to know where we are with the Quindell warrants ..I had a look and it seems we had 40m warrants at about 2.6p but the majority of them (2/3rd) now expired but with the Quindell price on the up would be good to get some clarity on what the position is.Increased recently as trading at half historic book but with info so out of date difficult to take much of a view since the 24th Dec outlook...which was moreupbeat at the time.

[lr4850] 06/9/2013 12:17

red; it is blue.! :-)

[lr4850] 31/8/2013 19:35

Hi red

Do you have :"someone looking over it" to buy the company or for you to take a punt on these??

:=)

[red army] 31/8/2013 18:26

I have someone looking over it as we speak.
Good value at this price.

The board would need to go though - wide boys