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Daniel Stewart Securities

  • BY: Andrew Hore |
  • POSTED: 24/09/2010 |

Aim adviser Daniel Stewart Securities reported a slightly higher loss in the year to June 2010. 

Revenues fell from 4.38m to 3.54mm while the pre-tax loss increased from 2.56m to 2.91m.  There was a positive contribution from share trading last year but admin expenses rose.

Daniel Stewart raised 45.7m for its clients during the financial year. It has 50 corporate clients. Daniel Stewart has assisted in establishing OTCQX (a US OTC market) programmes for Gulf Keystone and Nighthawk.

The broker says that there are some signs of improvement in revenues.

Daniel Stewart has 1.31m in the bank. There was an operating cash outflow of 2.64m last year.

At 1.375p a share, Daniel Stewart is valued at 7.02m.

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