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Daniel Stewart Securities

  • BY: Andrew Hore |
  • POSTED: 22/12/2014 |

Aim adviser Daniel Stewart Securities says that it should publish its annual report during January.

Figures for the year to March 2014 show revenues falling from £4.82m to £4.24m. Revenues from deals and company retainers declined although secondary commission did rise. The number of corporate clients declined from 41 to 27 while assets under management fell from £300m to £197m because of a sharp decline in one of the investments in the portfolio. 

The loss fell from £3.14m to £2.33m thanks to a reduction costs. The loss in the following six months has also fallen although full figures have not been published.

There was just under £228,000 in the bank at the end of March 2014 and the NAV was £1.64m.

Daniel Stewart is no longer seeking a licence to trade in the Far East but it remains a member of Global Alliance Partners so it still retains clients in the region. Former Hichens Harrison boss Adam Wilson was paid £282,000 for consultancy last year.

Trading in Daniel Stewart shares was suspended at 0.35p on 1 October because the accounts had not been published within six months of the year end.
The interim figures will also need to be published before the publication of the accounts or the shares will remain suspended.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2014_63.pdf

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