Daniel Stewart Securities Share Discussion Threads

[red army] 20/10/2013 14:12

Somebody should report these scallywags to the authorities.

[lr4850] 20/10/2013 12:41

swong21118 20 Oct'13 - 11:46 - 6400 of 6400 0 0

So DAN is a doggy AIM company, am I right?



May be even dodgy ?

[swong21118] 20/10/2013 11:46

So DAN is a doggy AIM company, am I right?

[lr4850] 18/10/2013 18:46

for xxx replace with iii look for post by forwardloop.

[lr4850] 13/10/2013 08:13

Goes to show that Shea and Wilson have a gravy train in DAN and used it as such. I have protested elsewhere and where it will, I hope, be more effective and listened to - including the SFO.

[davidosh] 12/10/2013 23:30

I presume you are all going to the Agm to make your protestations direct to the Board ? Is it going to be held at the Phoenix as the food is very good there according to this news story...

Gravy boat comes in for pub investors

There 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".

[lr4850] 12/10/2013 21:30

He's topped up before and no deals have been forthcoming. Too busy running the pub with his mate. Upping his holding to prevent others taking his company from him.

Not a massive purchase of shares anyway.

[lpavlou] 12/10/2013 21:27

I have to say that I am stunned that Shea has topped up his holding. He can't be planning a sale of the company just yet as that would be insider trading. For him to top up there must be a very big deal on the horizon

[lr4850] 12/10/2013 12:34

Web site has an investor relations update or two..wow ,

[lr4850] 11/10/2013 12:19

Nod

I have passed your research regarding DAN's director activities to the relevant authorities. Heads need to roll.

[kooba] 09/10/2013 20:54

All good points.I notice that we have not had an rns confirming who sold that large lump of stock...definately discloseable within a few days but what the hell in DAN timescales it's nothing.. The responsibility for disclosure rests with the shareholder not the company so not necessarily the co's fault ...however Shea knows who he bought them from and is aware of the duty to report so maybe should have a word?

[lr4850] 09/10/2013 07:41

Nod

Please put your research to the authorities as I am sure other's have. What you identify is hugely significant. Would the serious fraud office be interested perhaps?

[nod] 09/10/2013 01:46

Adam Wilson is non-exec Chairman at Atlantic Coal (ATC) which has a 5-year share chart similar to DAN. I note Wilson has still managed to make pots of money trading tens of millions of shares and options in ATC. I don't believe that is what a Chairman is supposed to do.After selling 85 million during a brief spike in January 2011 the share price then resumed its long-term downward trajectory.

[nod] 09/10/2013 01:09

Here is a brief history of Adam Wilson's coming and going and coming and going as a director:Daniel StewartAnnual Report 31 March 2012Page 10Adam Wilson Appointed 1 September 2010, resigned 9 June 2011Page 35Adam 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 advancesAnnual Report 31 March 2011Page 7Adam Wilson - Appointed 1 September 2010, resigned 9 June 2011Page 32Adam Richard Wilson a major shareholder of Daniel Stewart Securities Plc has been paid £240,000 by Daniel Stewart & Co Plc in respect of his consultancy agreement with Daniel Stewart Securities Plc. At 31 March 2011 £20,000 had been paid in advance to Adam Richard Wilson in respect of this agreement. At 31 March 2011 Adam Richard Wilson owed Daniel Stewart Securities, the parent company, £137,828 in respect of cash advances. Adam Richard Wilson holds options over 7,000,000 ordinary shares of Daniel Stewart Securities Plc. The exercise price of these shares is 2pAnnual Report 31 March 2010Page 8Adam Wilson - Appointed 1 September 2009, resigned 9 June 2010(Isn't this odd that Wilson is appointed and resigns on the exact same days in 2010-11)Page 26 and 30In July 2010 Daniel Stewart Securities acquired the entire Share Capital of Mena RL. The consideration for which was a mixture of shares and cash. The full consideration is £875,000 of which £500,000 was in ordinary shares in Daniel Stewart Securities Plc, the balance, £375,000, was paid in cash(No mention of Wilson being a related party because he had resigned from DAN the month before the acquisition. Following completion of the acquisition Wilson again became a director and was paid extravagant fees as a consultant.)

[nod] 09/10/2013 01:07

I was having a read through past DAN documents and noticed that Adam Wilson had been appointed a non-exec director in 2009 and then quit prior to DAN's acquisition of his company MENA. Wilson then came back as a director and was paid a huge sum. What I also discovered was that Shea and Wilson appeared to have owned the Phoenix Inn in 2009. So when Wilson was appointed non-exec director (supposedly an independent Board role) he was Shea's business partner. I don't recall this partnership ever being disclosed.This is where the problem lies with DAN. Shea is both CEO and Chairman and there are no independent Board members representing shareholder interests or keeping an eye on money flows between the subsidiary companies and external related parties.

[kooba] 04/10/2013 13:56

Afraid this is all to use another equine term is after the horse ( read balance sheet) has bolted and since the company continues to be loss making in the first half it might be just flogging a dead horse...( on a roll!) Hope he is better at running a pub than a brokerage...he might have to soon!

[lr4850] 04/10/2013 13:28

Suppose it is their way of keeping shareholders fully informed of the "tell them nothing" school of investor relations. :-)

[lr4850] 04/10/2013 13:28

Hoping they are squirming and shaking in their boots. Well done kooba for pursuing the interests of us private shareholders. I appreciate all you efforts.

[lr4850] 04/10/2013 13:06

Perhaps addressing these questions to the one who believes in "keeping share holders fully informed" may get a response or ignorant silence, but at least it will make him think that his time - of manipulation and misuse of a AIM listed company for personal gain - is well and truly up.

[nod] 04/10/2013 12:59

Exactly, it just doesn't tie up does it?In the interim statement on 24 December 2012 (odd day to release results) DAN stated"the continued growth of our client Quindell in which we hold a substantial warrant position with a current value of approximately £500,000"The share price of QPP plunged in April I think. Perhaps DAN chose a market value in April rather than 31 March. An April valuation would still be a gain though.

[kooba] 04/10/2013 11:39

Between sept interims and march year end realised and unrealised share trading went from positive £500k to negative £373k....this does not tie in with quindell price movement does it? So maybe something bigger was punted in that lost the realised profit they took in quindell during the second half and a lot more?If you look at the 2012's the £2.8m profit from share trading is split pretty evenly between realised and unrealised profit which makes sense because they cashed in half the quindell position during the period but there still should have been a substantial positive contribution during 2013 because even on a mark to market at the 2012 year end they were 8p at best and at the 2013 year end were at least 11-12p.Well before the results came out I asked for there to be clarity in the results over the quindell position....there is simply none.As the owners of the company it appears shareholders are not entitled to know.

[lr4850] 04/10/2013 10:34

All highly suspect and dubious. I only hope that this is fully scrutinised by the authorities. A disgrace to AIM.

Theft and fraud are strong considerations here.

Do the companies they act for think know of these shenanigans? They must have also been misled as to the financial position and standing of DAN.

Shea and Wilson should be fined and locked up for misappropriation of shareholders funds. IMHO of course.