Daniel Stewart Securities Share Discussion Threads

[senor_sensible] 05/3/2014 08:10

BTW, Insiders are sailing very close to a 30% holding they might just make an offer to take this big problem off your hands :-)

[senor_sensible] 05/3/2014 08:07

the sheep are selling and the company insiders are buying, who do you think are most likely to make some profit out of their positions?

Results and reports have to be factual, including a tight grip on any forward looking statements. The future could be a lot brighter that anyone might think.

The BOD seem to have a buy on weakness strategy, there are thousands of small cap companies where the biggest gripe on the BBs is that the BOD do not buy any shares. Follow what the insiders do, not what they say IMO.....

[kooba] 05/3/2014 07:58

MENA still showing there as bold as brass....but never mentioned since acquisition in statements.Your comments make grim reading nod !On another matter....when Shea picked up shares following the results in 2 tranches totalling about 27m...this was against one print of if I remember correctly 32m...either way it represents over 5% of the company and no disclosure of who was selling was made.The latest major shareholder list on their websiteMr Peter Shea 15.26%Mr Adam Wilson 8.18%Rockridge Investments 7.69%EBT 5.84%Mr Clive Richards 4.67%Jade Global Investments Ltd 3.73% There are no restrictions on the transfer of securities

[lr4850] 04/3/2014 21:33

Surely can't be fraud Nod as Wilson was/is a trained barrister :-)

I still think you should at least copy your analysis here and send it to the SFO. My other thought was to contact the author of the Scotsman article who may well be interested in following up his previous find.

Just waiting for the accusations of foot shooting, but I feel strongly that these two sharks should be made to explain their actions.

[nod] 04/3/2014 21:15

lr4850 - the MENA web site looked like a typical fraud where someone sets up a skeleton site for a few hundred dollars to make it look as though there is a real business behind it. The MENA web site was never completed before DAN acquired MENA and most revealing was not updated by DAN after they acquired MENA. DAN only added a link from its web site to the incomplete MENA web site - that was it. If I was spending a million quid on a new business I would at least update the web site and complete or remove the blank pages.DAN bought MENA for Middle East, GCC and Africa business. Yet a year later there were still no revenues for the company's 1 million purchase. In fact ME revenues fell in y/e 2011 by 60% in the first year of acquisition - to a measly 31k. Remember, MENA it was claimed in the acquisition RNS just a few months before had turnover of US$ 1.34 million. What happened to our revenue? This is what we paid for:"MENA reported audited turnover of US$1,340,210 and pre-tax profit of US$349,339"Yet, revenue from MENA was zero after DAN acquired it.This has fraud written all over it.What happens next though is even more intriguing and certainly warrants scrutiny.MENA and MRL were closed and the companies are defined as dormant in the March 2012 AR. MENA-RL was recently still shown in a prominent position on DAN's Home page as a 100% Subsidiary. Clicking on this takes you to the MENA web site. Only buried in the 2012 AR are we told the MENA companies are dormant. 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."

[nod] 04/3/2014 20:57

DAN Interim report 24 December 2013..."with the six months to September 2013 showing little progress in market and trading conditions for the business, despite speculation as to an improvement following a general recovery in economic conditions.""We remain cautiously optimistic for the future "The appalling Final Results were published on 30 September at the very last minute without breaching LSE rules and suspension - amazing for a company with so little business to account for. The Interims were released on Christmas Eve. I can't see anything positive in either of these dismal reports. All Shea's language was negative in each report - screaming out: don't buy our shares because there is no improvement or progress or prospects. Yet he bought millions of shares as they fell further.

[lr4850] 04/3/2014 11:29

MENA-RL was originally setup by Adam Wilson. Adam has a highly successful track record in senior executive roles in financial services both in the UK and internationally. He holds a BA (Hons) in accounting and financial management and qualified as a barrister.

The above taken from MENA web-site which is still on line.

Did he practice as a barrister; I wonder? Should be an honest type of fella then - LOL !

[kooba] 04/3/2014 09:41

Good luck with your strategy....I'm sure you will need it.

[lr4850] 04/3/2014 09:30

A 20 per cent bid/ask spread by the mm's is almost criminal and should deter most PI's from buying.

[nod] 04/3/2014 09:12

I hate to disillusion your huge ego Señor but you are not one of the three sharks I referred to - the three are involved parties that we have discussed on this BB in recent months - all factual from company information, nothing made up.It's immoral and unethical to push this share on PIs given the very recent negative forward looking views of the Chairman and CEO. If the professionals are not buying (which they are not) then PIs should stay well clear.

[kooba] 04/3/2014 09:03

keep up the good work drive them higher with your stakebuilding(pmsl) it's good to see a surfer with immaculate timing alighting on this SOS....bring some mates along and we can leave you in peace with Mr Shea and Mr Wilson to drive shareholder value for you!Words of warning...foot shooting ??? Are to alert the novice who has not done his homework...that's you that is...that there should be an investor health warning on this company.If you choose to ignore and "build a stake" he he he then don't say no one warned you!!Commprende ?

[senor_sensible] 04/3/2014 08:36

lol, I hope I am not considered a shark, having a couple of footshooters deter investment allows others to buy a little cheaper. keep up the good work guys. Notice how when a PI starts to build a stake the MMs cannot hold it back too easily. It is oversold and any decent PI buying will force the hand of a few sharks on the side-lines, causing increased momentum in the future.

As for rip currents, if you learn to ride them they get you where you want to be a little quicker so you are ready for the next big wave. like you said, novice swimmers can get dragged out of their depth by the rip currents.

[nod] 03/3/2014 21:44

DAN tradesI have not seen any buying by PIs over the past 3 years. If you look at the pattern of trades, there are very long periods without any trading or minimal trading. Obviously, the majority of these trades are small sells and that is why the share price has fallen relentlessly for 3 years. In fact, the share price has fallen nearly 90% over 5 years from just over 3p to just over 0.3p. Periodically we see large trades going through which always coincide with either a big fall or Shea reporting an addition to his holding. The source of the selling is never reported so presumably Shea is mopping up the accumulated selling by all of the PIs, shares which must be held by a broker until Shea takes them.There are few companies that survive such a massive decline in shareholder value, so I would not get too optimistic about this surviving as a public listed company.To extend the foreshore analogy - we have been stuck in a rip current for the past 5 years and most private shareholders will have got out. The locations of rips never convert to a great place to surf, they always remain a very dangerous place for novices to swim. If there are sharks in the water even worse. I've spotted at least three big sharks here.

[lr4850] 03/3/2014 21:42

Thanks for the research kooba. Long shot re the MENA name; guess it ain't to be then. Was thinking that the Wilson "client list" was starting to bare fruit.

[kooba] 03/3/2014 21:34

Yep another Fundraise (jointly) so could only be half or less??But they are getting some money raised in some the problem is it doesn't all add up to muchDon't think it's our dormant MENA!MENA is an international conglomerate that owns major stakes in subsidiary companies through direct investments and maintains a sizeable participation in associated companiesChairman of MENA Global Investments Corporation, Dr. Vladimir Kievesky, Re fundraising in 2012 they raised £37m in primary and secondary offersIn 2013 £27mAt the half year £12mSo they need to have a gun ho second half to end march to even match last years poor showing which they may do but will it be enough to move them into break even??

[lr4850] 03/3/2014 20:44

Quite a sizable fundraising by DAN. Perhaps the tide is beginning to turn.. :-)




Just been reading the RNS and refers to MENA Global Investments!! Is it the same MENA that we know about?

[kooba] 03/3/2014 11:15

I want them to go up..not on tides but on earnings...maybe they get lucky!Very very small relative exposure so hanging around for the smiles.But we may not hear anything till sept..normal IR.

[senor_sensible] 03/3/2014 10:07

lol, some things just do not need to be stated. till next time.....
See if you can get the market cap below 1mil if you can.

[kooba] 03/3/2014 09:49

Thanks for the laughs señor!Surprised you haven't claimed to have taken a profit and picked your surfboard up to your next great sucess.Bon chance!

[senor_sensible] 03/3/2014 09:43

kooba, you are absolutely right, others should take on board your negative sentiment and the fact you are right about everything and consider their holding here, perhaps they should all sell. After all they are doomed and the BOD are not going to provide any shareholder value according to you.

Surf has a habit of being tidal which is why one must be quick on their toes :-)footshooters are usually happy to prove a point at their own financial expense. This is why AIM and these boards provide entertainment.

[kooba] 03/3/2014 09:26

Crickey señor ...you presume so much but are such a bad guesser.Not me selling any today...Where's that surf gone....out by the looks of things!

[lr4850] 03/3/2014 09:23

Perhaps the market has heard that the SFO are interested?

[senor_sensible] 03/3/2014 09:17

lol, footshooters seems to have the day, everyone better jump ship before they go bust. looks like better bargains to be had :-)

[senor_sensible] 03/3/2014 08:45

lol, I do not need to presume some investors have an average of 2-5p. the share price and trades over the last few years provides the proof removing the need to presume or guess :-)

Again, would be silly to mistake "some investors" = "everyone"

But if you think the company is that bad and has no hope of going up you might be best off selling your shares or go short, assuming (slightly different to presuming) you have not already done so hence your negative sentiment :-)