Daniel Stewart Securities Share Discussion Threads

[jwe] 30/9/2013 11:24

Yes-Given the circumstances a very odd buy!

[kooba] 30/9/2013 11:17

Spoke to aim regulation They have officially until the close tonight to release their results to avoid suspension tomorrow...however dispensation could be given if released before the open tomorrow.Wonder if they are so last minute because they are trying to tie something else into the announcement?Wonder if the person who just bought 750k knows more than me!!

[kooba] 30/9/2013 07:11

Well...nowt out....could they really be as cynical as to try to sneak them out after the close tonight!Or are we suspended tomorrow for failure to produce a set of report and accounts in the six month listing rules?

[lr4850] 29/9/2013 19:26

I bet they're not late paying their salaries and big fat well earned bonuses. Need to be suspended and Directors replaced asap.

[kooba] 29/9/2013 10:58

Leaving it to the last day especially when there has been no trading update for over 9 months is really appalling especially in the context of DS being a nomad itself..it is meant to be the first regulator to ensure its clients to which it is nomad are properly kept up to date in a timely fashion...and fails miserably to do anything in a timely fashion itself.Previous years we have had pre close statements and notice of results this year nothing.Nothing tomorrow and suspension.

[vyke82] 29/9/2013 09:28

On 8 aug when I wrote to ir of Dan asking why there is no news and update, I immediately got this reply. Looks they only have 1 day to hold the bad news of continuous loss making:Quote We have just completed the audit for our year end and will release numbers and a statement on the first half before the end if September.Peter SheaChief Executive OfficerDaniel Stewart & Co.Unquote

[lr4850] 27/9/2013 07:46

Loverat

Great post and hope DAN read it - the dirty rotten scoundrels.

[kooba] 27/9/2013 07:05

I second love rats cat for the job!

[nod] 26/9/2013 23:48

Good point kooba, a delisting or MBO would look rather stupid given the business they are in ie selling the benefits of AIM and raising funds. Especially now as markets reach for new highs and investors are piling in.I had half expected an offer from Shea-Wilson but as Wilson has sold half his holding maybe not.DAN exemplifies everything that is bad about AIM for investors but everything that is good about AIM for directors: light regulation, freedom to extract assets, disregard for shareholders, appalling communication, etc.

[kooba] 26/9/2013 10:23

My worry would be a delisting.... So he can run it even more as a personal fiefdom and ignore aim levels of compliance all together.But since the company's business largely revolves around convincing companies of the virtues of listing in London to delist would be rather at odds with that message.With so little communication they are unlikely to have any positive surprises in store...just hope the current position is overly discounted by the share price.We will know soon enough!

[lr4850] 26/9/2013 08:05

I have a horrible sneaking suspicion they are in the process of ripping off investors just like Evolve did recently.

[lr4850] 26/9/2013 07:34

kooba

Now you have given DAN the info they should know don't be surprised to see them issue their results in a hurry.

[kooba] 25/9/2013 08:30

As a result of all these factors and the continued hard work of our employees, the Directors remain more optimistic about the outlook for the full year and positive about medium term prospects for the Group.Any change in the above from interims in dec would have had to be communicated to shareholders without delay..

[kooba] 25/9/2013 08:26

Or they get suspended I believe....now that would be embarrassing for a nomad!Have they updated their shareholder list on the website or is it still over 6 months since update can't seem to access on iPad ...or are they still in breach of AIM rule 26?

[kooba] 25/9/2013 08:08

Oh well they have until Monday to rns the final results... They must also post them to shareholders by Monday.Why the hell it takes a them this long I have no idea...as a regulated organisation you would have thought they might be on top of their game...oh forgot we are talking DS!

[nod] 20/9/2013 11:40

They are hapless in their communications. I guess they are very good salespeople to win some business from the unwitting. Unfortunately for us shareholders there don't seem to be enough unwitting directors to appoint DAN these days.DAN did well for a time out of the grey listings of companies who were bordering legal e.g. Online gambling. I've never been sure about some of the companies that have DAN as nomad.

[lr4850] 20/9/2013 09:41

Agree Nod

An extremely poor show on DAN's part.

[nod] 19/9/2013 13:07

In line with its incredibly poor shareholder relations and communications, DAN does not inform shareholders or the market when its results will be released - the results come out of the blue.Last year's bolt from the blue was 27 September.

[lr4850] 13/9/2013 13:29

DAN's RNS's are always full of waffle and jam tomorrow statements. I hope someone is looking at the dirty rotten scoundrels and take them out once and for all. May be difficult as the scoundrels and their mates hold a substantial proportion of the company's shares.

[nod] 12/9/2013 23:49

In February 2010 DAN acquired Adam Wilson's company MENA following which Wilson owned 16.9% of DAN and distributed a bunch of other DAN shares to his MENA mates.Wilson now holds 8% of DAN which means he sold over half possibly to buy his pub.Wilson was appointed CEO at the same time and Shea was to become Exec Chairman. Wilson quit his new role very quickly and very oddly within a few months also quit his Exec role on the DAN board. Presumably having taken cash out of DAN he then lost all interest in DAN as a listed company. Although he did get over half a million quid in fees in the last annual report to March 2012 AND owed us 120k.There's lots of waffle in the RNS' in 2010 about expansion in Middle East and elsewhere but in the intervening 3 years all we have heard of are a few clients in the UK. And the share price has fallen over 80%

[kooba] 12/9/2013 19:56

That was from last oct....Retention payments can go along way in the pub game these days....surprised they have time to run a pub when they have a "global" brokerage to try and save from the knackers yard.both large holders obviously but taking shareholder funds direct as over remunerated directors and consultants rather negates them being aligned to other shareholder interests.Not long for the final results now!

[lr4850] 12/9/2013 18:55

Perhaps there is a chance that DAN could rise from the ashes?

[nod] 12/9/2013 18:54

At least we know where some of our money has gone :(

[lr4850] 12/9/2013 18:15

You couldn't make it up. Shocking and using our money no doubt.