Daniel Stewart Securities Share Discussion Threads

[kooba] 12/9/2013 18:10

Looks lovely ...doubt I could afford to eat there as a mere shareholder times are tough!http://www.phoenixinn.co.uk/

[kooba] 12/9/2013 18:08

Gravy boat comes in for pub investorsThere hasn't been much liquidity in the small-caps market of late, so chef hats off to Adam Wilson and Peter Shea of Aim advisory outfit Daniel Stewart, who have more than enough gravy to go round.The Square Mile pair are the sole investors in The Phoenix in Hampshire's Hartley Witney, where their efforts to expand stockbrokers' belts have paid off – the pub has won the Best Sunday Roast in Britain competition.No mean achievement: according to sponsor Knorr's sauce expert Sarah, the gravy was "spot on"[e-mail] least DS shareholders can see their funds being routed out to worthy ventures....mines a pint!

[kooba] 12/9/2013 14:28

Adam Wilson added:"I am pleased that we have early recognition of the improved offering by Daniel Stewart and we are sure that the confidence investors have shown will be rewarded."Following placing at 2p..how sure are you now?Shea and Wilson taking £1m a year out of loss making enterprise...there's confidence for you!

[kooba] 12/9/2013 13:44

AIM rule 26...major holdersThe number of AIM securities in issue (noting any held as treasury shares) and, insofar as it is aware, the percentage of AIM securities that is not in public hands together with the identity and percentage holdings of its significant shareholders. This information should be updated at least every 6 months.When was that last updated then?Can't even follow the rules themselves and they are a nomad...

[red army] 12/9/2013 13:15

Simply another nose in the trough which is running out of foodstuff fast unless thay can convince some other idiots to replenish through another rights issue.

[lr4850] 12/9/2013 10:19

More shocking revelations. Cash cow for these people.

[nod] 12/9/2013 00:36

In the last annual report, Adam Wilson was paid more than half a million pounds. Yet in that year profit after tax was halved and revenue from core activities (not share trading) fell by 1.5 million. Neither then nor since has there been mention of business won by Adam Wilson. Where are the revenue streams to justify these fees?Adam Richard Wilson a major shareholder of Daniel Stewart Securities plc has been paid £521,828 by Daniel Stewart & Co plc in respect of his consultancy agreement with Daniel Stewart Securities plc. At 31 March 2012 £24,000 had been paid in advance to Adam Richard Wilson in respect of this agreement. At 31 March 2012 Adam Richard Wilson owed Daniel Stewart Securities, the parent company, £120,100 in respect of cash advances

[nod] 12/9/2013 00:18

DANs web site is hard to navigate on an iPad but here is a link to the major shareholders on the site which it states was updated on 16 January 2013.http://www.danielstewart.co.uk/Home/Investor_relations/DSS_plc_-_AIM_Rule_26/default.aspxThe change from the last Annual Report to March 2012 is the presence of Close Asset Management with 8% and Jade with 3%In March 2012 there was only Rockridge and the directors.The page states 31.55% of shares are not in public hands.It's about time DAN published another Annual Report to March 2013.

[lr4850] 10/9/2013 19:34

Are there not any large institutional investors that should be asking these questions of DAN. Or is it only private "investors" left?

[red army] 10/9/2013 19:21

I have said before that there is plenty of evidence to suggest that the CEO is incompetent as anyone can run a company into the ground and get insiders to support him based on the "carrot" principles.
Surely his selfish attitude and virtual no regard to shareholders should be enough to at least raise eyebrows.
He is exactly what AIM companies attract and there is considerable evidence to show this including those that have been arrested for all manner of reasons.
Its not rocket science - when in business you must first of all focus on making adequate profits otherwise it is only a matter of time before you go out of business.

He couldn't run a bath.

[lr4850] 10/9/2013 18:24

It may have been that you couldn't access their site because they were updating the news and announcements page -sit down before you read the share price enhancing news :-).

I said that DAN read this board and so hope they take what is being said here very seriously.

[kooba] 10/9/2013 09:14

I believe not only is he both the chairman and chief executive ...he is the only executive director...so the other two are not involved in the day to day running of the business either... this was the case from the last report and accounts and don't think it has changed ..just Mr Shea and a couple of old mates of his.Can't access investor relations on their site on iPad either..which is a pain.

[lr4850] 10/9/2013 07:39

Excellent point Nod.

Please note Mr O'Shea; as I know you or someone from the company reads this board.

[nod] 10/9/2013 01:59

I note Peter Shea is still both Chairman and CEO. For an Advisor this is not good advice to any public-listed company and I suspect shareholders are now suffering for this as seen in Shea's huge salary increase which is not aligned with company performance nor shareholder value. There is a conflict of interest between his role as CEO and Chairman.The UK Corporate Governance Code makes it clear the roles should be separate. For me, this has become a criteria for personal investments - too late for my small investment in DAN though.Top notch non-exec Chairman are often not paid a lot. The Code says the roles of chairman and chief executive should not be held by the same person."There should be a clear division of responsibilities at the head of the company between the running of the board and the executive responsibility for the running of the company's business. No one individual should have unfettered powers of decision" – main principle A.2.The chairman may not always be a part-time non-executive: many are full time and describe themselves as executive chairman, but the roles of chairman and CEO are at least distinct. In addition to the responsibilities described above, the chairman ensures there is a good working relationship between the executive and non-executive directors and sufficient time to discuss strategic issues.By contrast, the chief executive has responsibility for the day to day management of the company and putting into effect the decisions and policies of the board.

[lr4850] 08/9/2013 21:10

Thanks Steamy001.

Not a huge amount of cash and likely that DAN would get through it very quickly in increases in remuneration and bonuses. Was hoping DAN had more of QPP warrants.

Still in QPP and holding tight; these have helped erase my loses in DAN.

[steamy001] 08/9/2013 21:04

from my records DAN has 4million share warrants in QPP worth to £660k

Quindell are very undervalued too, would not be surprised to see this double over next six months.

to see my research

my current target price is 54p

[lr4850] 08/9/2013 18:12

For a company that does not deliver to shareholders that amount of remuneration and bonuses is completely unethical and scandalous; almost akin to theft. What's more it will, no doubt, be upped significantly this year. Criminal.

[kooba] 08/9/2013 15:19

Shea gets paid the equivalent of 15-20% of the company's market cap a year....not sure he is as aligned with other shareholders as all that.But I agree that as with other financial set ups..in good times they think they are genius' and take all the profits in bad times its not their fault its the markets and they take the balance sheet!

[lr4850] 08/9/2013 14:33

lpavlou

I tend to agree with you. There is never a brighter note for shareholders with this company. A slight glimmer is that Shea is heavily invested and I believe at a much higher average than the current share price

A takeover is the only way I can ever see of getting some reasonable money back.

[lpavlou] 08/9/2013 14:07

chaps, you're all wasting your time. Any decent profit goes straight to the staff. If they've made some money on Q then they will just help themselves to more bonus' or staff retention payments. The only thing they have is a few clients, so the only value is to buy the company for its clients and get rid of 95% of ths staff. I'm not even sure they could ever get another rights issue away given the destruction is shareholder value over the years.

[kooba] 08/9/2013 13:09

On a brighter note fee income from sporting bet transaction should be a boost in the second half which should help full year numbers to be reported .Have DS now lost quindell as a client?

[kooba] 08/9/2013 11:20

Hit the wrong button...Unfortunately as with the £500k of warrant revenue it looks was booked at the interim stage...it didnt stop them losing £1m in the period.So as these warrants are monetized the cash is being absorbed by management and staff filling the hole between what they generate and what they pay themselves.Oh well they will all be gone soon

[kooba] 08/9/2013 11:14

Unfortunately as with the £500k warrant rev banked in the in

[red army] 08/9/2013 11:12

For 2.7m it appears to be worth buying and then chucking the board out and re-focussing the business with a trust worthy network of intelligent managers that actually know what they are doing.
The board can then be released to the second hand car sector which is where they belong.