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Daniel Stewart Securities

  • BY: Andrew Hore |
  • POSTED: 27/09/2012 |

Aim adviser Daniel Stewart Securities increased its revenues in the year to March 2012 even though the revenues of the corporate finance activities fell by one-fifth.

Revenues improved from £8.41m to £8.82m with the lower contribution from corporate finance offset by share trading revenues. However, much higher overheads due to attempts to retain staff meant that profit fell from £913,000 to £478,000. Cash in the bank fell from £2.48m to £1.07m.

The number of clients fell from 60 to 53 as companies were taken over or decided to leave Aim. Daniel Stewart has more than £250m of assets under management. The broker has applied for a broking licence in Hong Kong.

At 0.85p a share, Daniel Stewart is valued at £4.42m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2012_36.pdf

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