Daniel Stewart Securities Share Discussion Threads

[kooba] 03/3/2014 08:29

Better tell the person who just took a discount for a lump!!Not sure why you presume everybody has an average of 2-5p I paid nothing like that...but in a presumptive world presume away.

[senor_sensible] 03/3/2014 08:00

AIM Market is valued on perception and momentum, I don't think I have ever owned an AIM stock where the share price represented the financial condition of the company, there are only a handful of large caps that do this IMO.

I am sure people taking a punt today do so at a lot less risk than those with 2-5p+ averages and in a market moving into upturn on the small cap IPO scene.

[kooba] 02/3/2014 17:07

So señor ....mr lots of research what has changed since the appalling interims??Btw I really don't think you are in a better position to determine value because you maybe .05p in profit gross than somebody being .1p down....but you seem to have lots of misplaced confidence in your own research and the company in general...but good luck I sincerely hope a lot more mugs turn up thinking things have changed and ignoring recent history.I will be long gone before they ever get to 2p...but so might the company by the looks of things!

[lr4850] 02/3/2014 16:43

S-s

Hoping you are right. I would bail at 2p and be very thankful of that even though my money has been sat here for two/three years. I remember first looking at DAN at a time where there was a share price rise almost daily. Needless to say, I timed my "investment" all wrong. :-(

There may be a selfish grand plan by O'shea and wilson and if i can ride on the back of that, then I will. They need to start giving DAN the huge sums of money back that they have been playing with for their own benefit. maybe now is the time?

[senor_sensible] 02/3/2014 15:30

I am not saying the info posted is wrong, I have done plenty of research and that is why I chose not to invest during the last few years. like I said it has gone oversold and is due a correction. And at 2p I think I will be bailing or at least top slicing. Doubt my handful of posts could be mistaken for a ramp.

Sitting here waiting for the company to align themselves to the shareholders is a waste of time, I align myself to the bod, and it looks like they want the share price up p, just riding the wave and happy to be taking profits before they do.

It aim, I am sat on fairly decent profit, announced my trades before hand. Who do you think has a better handle on the situation, the guy in profit, or the guy who wished he'd never bought. Just saying like, not trying to cause offence

[nod] 01/3/2014 18:46

Señor - this is not sour grapes from 'old blood'. I understand why you may want to ignore the facts and ramp the company without any supporting facts. However, it is important that the facts are laid bare for 'new blood' to see the facts as they truly are and not as people would wish they were or will be in the future.All the information posted comes from DAN's own company reports. They are not made up. If anything posted above is inaccurate you should share that with us. As kooba points out, new blood should be aware of and look closely at the facts and the recent very dubious financial transactions. DAN has been pillaged by Peter Shea and his mate Adam Wilson over the past 4 years and probably longer. Since 2010, two million quid has gone to Adam Wilson alone. For nothing except what Shea now calls a 'contact list' that Wilson owned. This contact list was allegedly overseas companies interested in an IPO on AIM. WOW!Meanwhile, DAN's real client portfolio has shrunk significantly each year. Existing clients have been dumping DAN and moving to more competent brokers. DAN has been unable to win much new business from UK companies because ... New blood should only buy when they can complete the above sentence.

[senor_sensible] 01/3/2014 13:30

Bit more foot shooting going on, suppose anyone buying in the 2-5p range in the past wouldn't be too happy about new blood coming along and making 500-1000% profits at their break even. Seen quite a bit of this in aim over the last few years and am used to it. Surf is still up, might be a good idea to ride the wave rather than shoot yourself in your own foot

[lr4850] 28/2/2014 23:06

Thanks Nod.

Maybe someone from those organisations is reading this board.

[nod] 28/2/2014 22:45

The FSA no longer exists having been split into FCA and PRA. Neither of these appears to protect shareholders from company fraud.The SFO is an under-resourced (small) government organisation that is focused on the serious big stuff. Two million quid is probably not big enough.There seems to be a big gap in who is monitoring the honesty of UK listed AIM companies, which are different from private companies because they have many shareholders and reporting requirements. Who do shareholders go to if documents are found to me untrue e.g. acquisition proposals.SFOThe Serious Fraud Office (SFO) is a small, highly specialised government department responsible for complex or serious fraud investigations and prosecutions. This doesn't include more common dishonesty offences, which are a Police matter.Both investors and the general public need to be assured that high-level fraud will not be tolerated. To this end, we have a range of mechanisms in place to actively monitor, investigate and prosecute within the corporate environment, so that fraud does not go undetected or unpunished.The FSA has now become two separate regulatory authorities and this site is no longer updated. The Financial Conduct Authority can be found at www.fca.org.uk and the Prudential Regulation Authority at www.bankofengland.co.uk.About us (FCA)We want consumers to use financial services with confidence and have products that meet their needs, from firms and individuals they can trust.To achieve this, we regulate firms and financial advisers so that markets and financial systems remain sound, stable and resilient. We also encourage transparent pricing that's easy for everyone to understand.Our aim is to help firms put the interests of their customers and the integrity of the market at the core of what they do.

[lr4850] 28/2/2014 22:30

Nod

I think your analysis presents the case well and looks compelling to me. Can't that be used? The theft of money from the company coffers is diabolical. Why didn't the institutions who were/are invested in DAN do something about it??

[nod] 28/2/2014 21:57

DAN has regulatory authority it was MENA that didn't. MENA was clearly a sham. DAN's reasons for buying MENA were stated in the initial announcements in 2010 but none of the reasons were fulfilled afaik. It is important to note also that Wilson quit as a director of DAN so that DAN could acquire MENA without him being a director. However, it transpired that as well as paying Wilson nearly one million quid for a worthless MENA, DAN also paid him half a million each year as an independent consultant plus gave loans to MENA and Wilson that were subsequently written off by our company for no stated reasons. During this period there negligible revenues from the regions and continents covered by MENA.Over the past 4 years the pillaging of DAN has been the most blatant fraud I have witnessed on the London Stock Exchange during my 30 years of investing. I have seen a few others. As I have said before, the FSA is useless when it comes to investigating possible fraud. The SFO does this but you have present them with a compelling and comprehensive case, which takes a lot of time.

[lr4850] 28/2/2014 19:58

kooba

They may have because they supposedly brought Naibu (Chinese Sportwear) to the UK - according to DAN's web site anyway and we know the quality of that. I am sitting on less of a loss as of today, but imagine the prospects if they had held on to their investment in QPP. Thankfully, QPP got me out of a deep hole that DAN put me in.

Has anyone got any feedback from the FCA? Silly question?

Take care all and perhaps have a look at QPP to try and get back any losses here. Worth a look and no ramping intended as I am comfortable with the profits they have given me and I think there may be more to come. Shame DAN did not recognise this potential and offloaded before QPP's potential was beginning to be realised.

[kooba] 28/2/2014 19:42

Either way diabolical management and that shareholders have never had an explanation of this massive destruction of shareholder value is just totally disrespectful of the people that own the company .The consultancy payments to Wilson after buying his worthless business are obscene.As for investing here because of their Far East/ Chinese reach best check they have the valid regulatory authority in place.

[lr4850] 28/2/2014 19:34

Hi Nod

With something as blatant as this and the numerous referrals to FCA (waste of space) how can these people continue and/or have any credibility in the City?

Interesting that MENA is still on the DAN web site :-); you'd thought they would have removed it. Just shows you the arrogance of those guys.

[nod] 28/2/2014 19:25

When you read the below extracts from official documents keep in mind that Peter Shea and Adam Wilson are old mates. They are co-owners of a pub and it is rumoured other private ventures.Annual Report 31 March 2012Page 31"Mena RL FZC (dormant): Marketing in the Far and Middle East - Registered in Dubai MRL holdings Ltd (dormant): Marketing in the Far and Middle East - Registered in British Virgin Islands"Page 31"In the year ended 31 March 2011 Daniel Stewart Securities Plc acquired the entire share capital of MENA RL FZC and MRL Holdings Limited at a cost of £990,193 paid in shares and cash. The net assets at the date of acquisition were £ 29,787. The intangible assets arose from this transaction. These have been valued using a discounted cash-fl ow model and reviewed for impairment the Directors consider that these assets have an indefinate life."Note the reported total cost of the acquisition is rising each year, from an initial 875k to 960k to 990k. That is 115k more than initially reported as the acquisition cost.How can that be?By coincidence, 115k is the value of a loan to MENA that was written off in the last financial year.Remember also, that Adam Wilson (sole Owner of MENA - see RNS 21 May 2010) was paid over half a million pounds each year. Page 37"Adam Richard Wilson a major shareholder of Daniel Stewart Securities plc has been paid £570,000 (2012:£521,828) by Daniel Stewart & Co plc in respect of his consultancy agreement with Daniel Stewart Securities plc. At 31 March 2013 £21,666 (2012 : £24,000) had been paid in advance to Adam Richard Wilson in respect of this agreement."Annual Report 31 March 2013Page 32"and a write off of cash advanced to Mena by Daniel Stewart of £115,193. The companies were acquired in order for the group to exploit opportunities in the middle and far east; these were presented in the form of the contact list held by the acquired companies, of companies in that geographic area that were seeking listings on AIM. Mena and MRL were unable to offer the relevant services due to regulatory requirements which Daniel Stewart were able to offer."Apparently, we didn't acquire a company with turnover of US$1.34 million and decent profits as previously claimed, we acquired a contact list. This explains why there was no revenue to be seen from MENA or the Middle East.Page 32Mena RL FZC (dormant): Marketing in the Far and Middle East - Registered in Dubai MRL holdings Ltd (dormant): Marketing in the Far and Middle East - Registered in British Virgin IslandsI conclude from the above that MENA-RL was a scam and the company's clients, turnover and profits were not acquired by DAN. Hence, turnover from the Middle East is reported as 50k in 2013 (28k in 2012) rather than the 800k+ we might have expected from our acquisition. See revenue on page 26.Furthermore, the assets are negligible at 29k and defined as intangible. Not much for a million quid.Between acquisition payments, written off loan and ongoing extravagant annual fees to Adam Wilson, DAN has directed over TWO MILLION POUNDS in the direction of Adam Wilson.In DAN's words:"Mena and MRL were unable to offer the relevant services due to regulatory requirements which Daniel Stewart were able to offer."Remember, the sole owner of MENA is also a director at DAN. Why was it desirable to buy a company that could not offer relevant services and apparently had no sustainable turnover. The sole owner of MENA also worked for DAN as a director, so why not simply form a partnership where DAN provided the relevant services that MENA could not?Was Shea really paying one million pounds for Wilson's contact list, which at the time of the acquisition was said to be the Middle East and GCC. See RNS 21 May 2010:"Mr Wilson will continue to assist and orchestrate international distribution throughout Africa, the Gulf Cooperative Council (GCC) and Middle East. Daniel Stewart intends to bring to market in the near future a company operating in the GCC region."DAN appears to have done the opposite by making MENA dormant within a short timeframe.Or, was all this just a scam to syphon two million pounds out of DAN and to Shea's mate and private business partner? We know about their pub venture only because of that press article but I would wager they are business partners in other private ventures.

[nod] 28/2/2014 19:16

Señor wrote - "They can only divi amongst themselves within reason, after that the authorities get involved. As I said, keeping the BOD pockets filled during the last few years will cause some anger amongst current investors"I thought the authorities had been informed of massive payouts to Adam Wilson (consultant to Shea and not a director) in fees and highly suspicious payment for MENA, which was Wilson's company (sole owner). Wilson is also a private business partner with Shea. Shea is Chairman and CEO of DAN against UK Governance Rules. BOD is not independent.Over just a few years there were massive payments by Shea to Wilson for which DAN saw no revenues. That's where the QPP money went. No business came out of MENA. MENA was closed down shortly after it was acquired for nearly one million.It was just a scam between two buddies to siphon off QPP profit and any other cash DAN had.

[senor_sensible] 28/2/2014 17:13

I agree, Have to be careful of the foot shooters. :-) onwards and upwards

[lr4850] 28/2/2014 16:52

Let's all be happy it is blue for once.

Only 1p and a bit to go for my break even :-(. I hope it gets there as I want out after two years of decline and false hopes to be scuppered by the Olympics and some other obscure reasons that I don't remember.

The rise today may attract some interest and I will say again, O'Shea is in for a load at about an average of 2p.

[senor_sensible] 28/2/2014 16:37

lol, told you, DAN is a small interest share to me. oversold with mostly upside....

[kooba] 28/2/2014 16:29

Wasn't he great Portland estates..I seem to remember?Not keen on property all puffed up by cheap money..but he is a top man in the sector.If you back management why the hell are you here!!;))

[senor_sensible] 28/2/2014 16:13

hxxp://www.internosglobal.com/people/richard-peskin/

I am alligned with this fella at the moment, he is buying into a property REIT that I have been buying into. DAN is a small interest for me, oversold and potential to go to >>2p. I have a few other fingers in pies.

[kooba] 28/2/2014 16:02

I think being aligned to Adam Wilson is where you should be....he's one of the few that seems to have done well here.Tell me what you think of our MENA subsid ?On the subject of Wilson did we ever find out who dumped that big line of stock that Shea bought at at .23p It must have been discloseable...but there again this is DS.Aim rule 26 shows little change in major holders so where did the 27m come from?

[senor_sensible] 28/2/2014 15:39

sales are being mopped up so not everyone agrees with your sentiment :-) yes the amounts are small at the moment, but several of these a month soon add up. And those requiring IPO and broker services are the small companies and DAN should have some advantage in being more flexible. Pete has been topping up and transfered out some stock at the bottom, perhaps he is happy to let it rise now, its a case of alligning your own interests with the company, rather than waiting for them to allign to your interests. As I said, Surf up.....

[kooba] 28/2/2014 14:04

Yep ...just look at the amounts they're raising...chicken feed.Look I'd love these to go better and the company to be able to take advantage of the better IPO market and be raising 10's of millions...But it ain't ....in corporate finance and capital markets reputation is everything...enough said.