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Daniel Stewart Securities

  • BY: Andrew Hore |
  • POSTED: 22/12/2011 |

Aim adviser Daniel Stewart Securities has managed to maintain its revenues but it still fell into loss in the six months to September 2011.

Revenues edged up from £3.53m to £3.58m as corporate finance revenues rose even though the number of transactions completed halved to 11. There have been more completions since the end of the first half. A profit of £191,000 was turned into a loss of £606,000. That was after a staff retention payment of £361,000 and higher international costs.

Daniel Stewart has 56 brokerships compared with 57 one year earlier.  A joint venture with Clarkson shipbrokers produces research in the transportation sector. An office in Hong Kong is planned so costs will be even higher.

At 1.25p a share, down 0.1p, Daniel Stewart is valued at £6.38m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2011_27.pdf

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