Daniel Stewart Securities Share Discussion Threads

[lr4850] 12/12/2014 16:42

Thanks pembury. What is your take on this?

[lr4850] 12/12/2014 16:24

Has anyone seen the " press speculation " referred to in the RNS today?

I have not and seem to recall DAN mentioning an investment themselves in a previous RNS.

It would be interesting to see where all the Nomads have gone to as it may give us something to speculate about?

[lr4850] 12/12/2014 08:38

DAN have been busy - NOT! I see they have picked up one brokership since October!

Looks like they are being allowed to continue their business despite being suspended.

[lr4850] 03/12/2014 10:06

I imagine so - and restaurant quality food (apparently)!!

[meijiman] 03/12/2014 08:54

Do Shea and ~Wilson get free beer in the pub? Cheers.........

[lr4850] 02/12/2014 22:06

How can they get away with it? Scandalous, but no chance of justice being served for shareholders whose funds were misappropriated by O'Shea and Wilson to buy their pub.

What do DAN's employees make of working for such entities? Surely, they must know what has gone on and why, because of this, their redundancies are a real short term prospect.

[nod] 02/12/2014 21:32

The very rapid decline and losses of nearly 1 million each year coincides with the involvement of Adam Wilson, Peter Shea's private business partner. DAN paid close to one million to Wilson for MENA, which was soon closed down. Wilson was then paid huge consultant fees by DAN each year allegedly for his address book of contacts. These also proved to be worthless. So, we all know where the money went.From the FT article above..."Unlike some of its peers, which have recovered strongly in the past two years, Daniel Stewart has seen its client base dwindle from 60 companies in 2011 to about 30 now. In December, it reported its client list had dropped to 33 in total from 41 six months previously."

[lr4850] 01/12/2014 22:03

I missed this article from 1st October, but says it all really. Needs investigation by the SFO in O'Shear and not the stock market. Nearly a million in losses - HOW?

[runwaypaul] 28/11/2014 12:17

good riddance to bad rubbish

[brownie69] 06/11/2014 12:53

So EGM sounds like they have the necessary funding, but waiting on FCA approval, presumably on new investor.

[kooba] 14/10/2014 21:28

At the interim stage shareholder funds stood at £2.8m..and the company has continued to make losses since.It could well be the makeup of those assets that is an issue...ie not liquid so not allowable or it could be a general shortfall that does not support the level of business that they do.Either way it is normally a closely monitored financial gauge both internally and externally for regulated businesses and it is shocking that the company has allowed itself to get to a suspension stage before they have admitted such a large shortfall.This is presumably a shortfall that has emerged as a result of preparing the financials to end March so the company could have been trading in breach of its regulatory capital for over 6 months.No financial controls.

[kooba] 14/10/2014 21:15

Directors are of the opinion that additional capital of up to approximately GBP1,500,000 will more than be sufficient to resolve the regulatory capital shortfall.

[nod] 14/10/2014 21:10

Do they need to raise 1.5m or are they saying they need to get to this level but have at least some of that - unless they are completely broke.

[meijiman] 14/10/2014 09:03

Just think of all those Sheas on the payroll who need a job and expenses and lunches. This sort of thing doesn't come cheap.

[kooba] 14/10/2014 07:31

So the company needs up to £1.5mThey are to issue up to 380m new shares at a price of no less than .25pNow 380m new shares at .25p would raise £950k gross in my book ...so are they hoping to get a better price?They would need to get 0.4p to get £1.5m gross and a slightly better price again to get £1.5m net.So maybe not such a discount?But how a regulated corporate advisor with such a small balance sheet already allows itself to get so far in breach of regulatory capital requirements shows how badly managed this business really is...resignations should follow Fundraise as the board IMHO have been in breach of their fiduciary duties.

[kooba] 13/10/2014 13:36

More PR this time the FT ....finally getting the publicity they deserve!http://www.ft.com/cms/s/0/4173540c-4fbf-11e4-a0a4-00144feab7de.html

[lr4850] 11/10/2014 14:53

May be a stupid question, but can the auditors insist that someone else heads DAN?. O'Shea's reputation and actions are not doing the company any good whatsover.

[lr4850] 10/10/2014 15:08

DAN: Kiss of Death. I would like to know what happened to the QPP warrant monies. I may wang an email to the new auditors.

[kooba] 10/10/2014 14:31

FRR at big discount to yesterday's placing...go DAN

[lr4850] 10/10/2014 11:59

New auditors should be scrutinising the actions of Wilson and O'Shea. If they look properly they will finds a lot of impropriety ie fraud. IMHO ?

[kooba] 10/10/2014 11:27

Oops yes meant Wilson...met him once or twice when he ran Hitchens as well....looked like he liked his pub grub too.. So similar look to said Wilson!He might have got lucky there but certainly has been a big negative to daniel stewart shareholders.http://www.centillion.com/en/forum.php?id=20120919&page=speakerMug shot on this site where he is listed as international head Daniel Stewart .Strangely not sure Daniel Stewart mention him anymore.

[nod] 10/10/2014 07:29

Come to think of it ... Didn't Wilson jump off the raft?