e.g. "When funds had run low in late 2014, Mr Shea raised £1.5m in fresh funding. This was supposed to be “more than sufficient” to turn the tide for the broker. But now Mr Shea is casting about for more money “to be used for expansion purposes and general working capital”. One rival suggests it will be a tough sell, given the state of the company today. “It will just get harder and harder to be a broker without a nomad licence.”"
Does the suspension RNS correlate with recent Quob Park Blog? Or is it just a coincidence? Maybe DAN took up one of the opportunities in which case... 10p can be justified?
RNS: ""The Company is working on the conclusion of a funding package that it expects to announce shortly""
Quob: """The key step to justify moving to a 10p fair value target, is for Daniel Stewart to demonstrate that it can once again use its stock at 3.35p or above (depending on where it is then trading). We believe this is possible short term as we have made the company aware of certain investments that would be willing to accept their stock at this level, and which would be responsible holders of the stock. We see Daniel Stewart using its stock at this level as the most important factor in encouraging us to move our valuation towards our 10p fair value target. We are extremely confident that the opportunities exist as we have highlighted them, and if we do not see Daniel Stewart take up at least one of these opportunities within the next few weeks, we intend to use some of our own Daniel Stewart stock at 3.35p to make this investment. """
sorry, momentary lapse this morning. But my opinion remains that i don't think there are any going concerns. Too many questions here. Why would Epsilon et al buy placing at 3.35p to increase holding to 29%? Why has RT invested 10%? Why the increase in office space (at least x10)? Why the new director?
Get past the mist/fog and connect the dots based on this factual information.
"can only happen when the auditors have seen the accounts. They haven't" vs "They have had the accounts since March"
re rangers, like i said, i don't actually follow that story, so i don't know how much, if anything, has changed *recently* about likely return to creditors, i.e. if that is relevant to Dan's recent accounts issue. just at a casual glance from wikipedia, the law financial issue was most recently known twist to the saga"
[but can hardly expect wikip to be cutting edge on this, lol]
"In June 2015, BDO proposed an interim payment of £10 million to creditors, between 6p and 7p in every £1 owed. Most of the funds were obtained from a successful legal action against Collyer Bristow, the firm of solicitors that acted for Craig Whyte during his takeover of Rangers. This interim payment was due to be made by the end of July 2015, but was delayed by a claim made by Law Financial Ltd. A further payout to creditors depends on the final result of the dispute with HMRC"
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