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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Daniel Stewart | LSE:DAN | London | Ordinary Share | GB0004602842 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDAN
RNS Number : 4856K
Daniel Stewart Securities PLC
30 December 2015
For immediate release: 30 December 2015
Daniel Stewart Securities plc
("Daniel Stewart" or "the Company")
Unaudited Interim Results for the period ended 30 September 2015
Daniel Stewart Securities plc (AIM:DAN), the investment bank providing corporate advisory, institutional stockbroking and wealth management services, announces unaudited Interim Results for the period ended 30 September 2015.
As previously announced the Company's shares remain suspended from trading on the AIM market pending completion of the final audit for the financial year ended 31 March 2015. Additionally, the Company announced on 21 December 2015 that Beaumont Cornish Limited has resigned as the Company's Nominated Adviser ("Nomad").
As the Company's shares remain suspended from trading on AIM and in accordance with AIM Rule 1, if the Company fails to appoint a replacement Nomad within one month of the date of the Nomad's resignation, admission of the Company's shares to trading on AIM will be cancelled. If no replacement Nomad can be found within the given timeframe, the Board will explore options to either join another market, and/or to put in place a matched bargain facility to enable Shareholders to trade.
Unaudited Consolidated Statement of Comprehensive Income
Six months ended 30 September 2015
Six months Year ended Six months ended ended 30 September 31 March 30 September 2015 2015 2014 Continuing operations GBP GBP GBP Revenue - Corporate finance activities 976,831 3,831,813 2,287,327 Revenue - Share trading 131,205 89,154 90,439 1,108,036 3,920,967 2,377,766 Cost of sales (788,105) (2442,408) (1,328,546) Gross profit 319,931 1,478,559 1,049,220 Administrative costs (1,201,032) (2,878,235) (923,032) Impairment of Goodwill - - (87,500) Operating profit / (loss) (881,101) (1,399,676) 38,688 Net finance costs 1,222 20,469 (7,410) Profit/(Loss) before taxation (879,879) (1,399,676) 31,278 Taxation - - Profit/(Loss) and total comprehensive expense for the year (879,879) (1,399,676) 31,278 Earnings per share Basic and diluted (0.10)p (0.19)p 0.006p
Unaudited Consolidated Statement of Financial Position
As at 30 September 2015
30 September 31 March 30 September 2015 2015 2014 GBP GBP GBP Non current assets Goodwill 1,410,535 1,410,535 1,322,955 Financial assets at fair - - value through profit or loss Property, plant and equipment 312,183 61,023 71,461 Loans receivable 473,450 247,867 400,548 2,196,168 1,719,425 1,794,964 Current assets Financial assets at fair value through profit or loss 56,912 12,249 1,997 Trade and other receivables 1,186,691 706,518 1,497,888 Cash and cash equivalents 367,278 624,005 501,339 1,610,881 1,342,772 2,001,224 Total assets 3,807,049 3,062,197 3,796,188 Current liabilities Trade and other payables (1,223,065) (1,148,335) (2,120,506) Corporation tax - - - (1,223,065) (1,148,335) (2,120,506) Net assets 2,583,982 1,913,862 1,675,682 Equity Capital and reserves attributable to equity shareholders : Share capital 2,330,056 1,756,129 1,299,756 Share premium 11,190,024 9,788,951 9,570,342 Accumulated losses (18,257,937) (17,378,059) (18,567,946) Capital redemption reserve 49,998 49,998 49,998 Capital reserve 8,524,435 8,524,435 11,166,914 Share compensation reserve 420,723 420,723 403,135 350,000 775,000 - Employee benefit trust reserve (2,023,315) (2,023,315) (2,246,517) 2,583,984 1,913,862 1,675,682
Unaudited Consolidated Statement of Cash Flows
Six months Year ended 31 Six months to 30 September March 2014 to 30 September 2014 2013 Operating activities GBP GBP GBP Operating (loss) / profit (881,101) (1,399,676) 38,688 Provision for depreciation of non-current assets 7,943 23.206 11,940 Share Based payment 17,588 Loss from disposal of non-current assets 1,007 - Bad debt write off 498,085 Provision for impairment of goodwill - 87,500 (873,158) (859,790) 138,128 Movement in working capital Decrease / increase in receivables (130,173) 31,691 (141,387) (Decrease) / increase in payables 74,730 (303,181) (43,041) Decrease in financial assets (44,663) 308,398 318,650 (100,106) 36,908 134,222 Operating cash flow (973,264) (822,882) 272,350 Investing activities Expenditure on tangible non-current assets (259,103) (10,681) 8,846 Lease deposit paid (225,583) - Interest received 1,222 20,469 1,874 Cash flow from investing activities (483,463) 9,788 10,720 Financing Equity 1,200,000 434,000 - Loans repaid - 548 - Non-redeemable convertible bond - 775,000 Interest paid - (9,284) Cash flow from financing activities 1,200,000 1,209,548 (9,284) Cash and cash equivalents at 1 April 624,005 227,551 227,553 Cash and cash equivalents at 30 September 367,278 624,005 501,339 Increase/ (Decrease) in cash and cash equivalents (256,727) 396,454 273,786
Enquiries:
DANIEL STEWART SECURITIES PLC
Tel: 020 7776 6550
Peter Shea
Daniel Stewart Securities is an AIM-quoted company providing a range of investment banking services to Small and Mid-Cap publicly traded and non-publicly traded companies. The Group has two trading subsidiaries, Daniel Stewart & Company plc, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange, and Daniel Stewart Leasing Limited, the Group's leasing and debt financing division.
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
December 30, 2015 09:56 ET (14:56 GMT)
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