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Daniel Stewart Securities PLC shares appear to be de-listed or suspended.


Share Discussion for Daniel Stewart Securities PLC


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Spikeyj
Posts: 14,127
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: RE: stitcheded like a kippe..
Tue 14:24
note that epsilon have charges held over
the company assets (i think all of them?)
registered at companies house [as per
recent share puppets update]. so if DAN
does default/go into administration, even
though epsilon's shares would be wiped
out, it seems that they would then become
the owners of the entire company anyway ...

... so epsilon might actually quite like the
idea of company going into administration?

... i don't know what that would mean for RT; perhaps
depends what link he has with epsilon?- if any, lol.
 
FS16
Posts: 7
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: stitcheded like a kipper
Tue 13:38
Thanks Guesstimation. But with RT holding 9% (?) DAN shares and other big share holders as well, the company may not go into administration otherwise it will nullify their shares as well, and the big players that they are, they must be looking at ways to protect their investments.
Guesstimation
Posts: 674
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: stitcheded like a kipper
Mon 10:21
As long as there is no administration of the company, if the company lists again, your shares will be valid at w/e the market decides.

It is possible for them to put the company in administration, nullify the old shares and relist again later through. See GAME
FS16
Posts: 7
Off Topic
Opinion:No Opinion
Price:0.00
RE: stitcheded like a kipper
21 May '16
What is the value of shares that some of us still hold with Dan? Will they become valid if/when Dan is listed again somewhere and starts trading, and at what value, and therefore still have a worth for as long as Dan as a company exists. Or are they useless as whenever Dan starts trading again they will issue new shares and the old shares will have zero value? Any suggestions/ideas?
Spikeyj
Posts: 14,127
Off Topic
Opinion:No Opinion
Price:0.00
RE: stitcheded like a kipper
18 May '16
but what's it got to do with the FCA?

putting money into a tiny, micro-cap
AIM stock like this is inherently v. risky.
very very often the punter will lose. so
why should anyone care that much about
rich pis who knew that risk but placed a
bet on shares anyway? ... only really get
much sympathy, & FCA interest, if there
was some kind of fraud, dishonesty, etc.

(mind, it might be interesting one day to see
what Serious Fraud Office conclude in the
end about the various parties involved in the
QPP debacle, but it's not public as yet which
parties are most under their microscope.)
noddingdonkey
Posts: 57
Off Topic
Opinion:No Opinion
Price:0.00
stitcheded like a kipper
18 May '16
So no listing on aim again.No one cares about pi,s who have lost monay with this outfit,where is the F C A?I have 100000 shares available if Qpe would like to buy them at175 a share.
Spikeyj
Posts: 14,127
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: RE: RE: Re: What next?
6 May '16
well, good luck if you decide to pursue such a route.

i'm not sure how much specific there has actually been
specifically promised that didn't happen. company saying
vague things like it 'expects' , 'will explore options', 'will seek
to', 'as soon as possible' etc. leaves enough room for a bus to
drive through. that's why they are worded that way, sadly.

anyway, best of luck here and elsewhere.
FS16
Posts: 7
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: RE: Re: What next?
6 May '16
Not too sure Spikeyk but may be a few things that the legal experts could find useful.

For instance the company failing to publish its annual report and accounts leading to suspension on October 1 (RNS October 1)
RNS October 23 - ".....the Company continues to work on the funding package to allow it to publish its FY 2015 Accounts and resume trading on AIM. The Company is making progress on the funding package and expects to announce its conclusion shortly" - But this never happened
RNS December 21 - "The Company will seek to identify a replacement Nomad, however, if no replacement Nomad can be found within the given time frame, the Board will explore options to either join another market, and/or to put in place a matched bargain facility to enable Shareholders to trade." But nothing to date on either another market, or a matched bargain facility.
RNS Januay 15 - "However, should the shares of the Company become delisted from AiM the Board will examine alternative mechanism's to facilitate trading in the Company's shares , including a potential future relisting. Full details would be circulated as soon as possible.". However, nothing since January 15 (amost 4 months) on any alternative mechanisms.

A legal experts may find something relevant from the above and other RNSs for a possible litigation on the grounds of the company misleading its share holders by continuously building false hopes.
Spikeyj
Posts: 14,127
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: RE: Re: What next?
5 May '16
on what grounds?

... if you think there has been some kind of fraud,
or misrepresentation, then i guess litigation an
option tho' evidential burden can be very tricky. or
some other kind of wrong-doing. but legal action
not really a viable option if it's just about a company
that hasn't actually managed to trade very effectively.

obviously, one of the points about AIM shares is that
they tend to carry higher risk than most main market
companies, and are subject to fewer regulatory requirements.
now that DAN is off AIM, even less requirements on them.

did you have something in particular in mind that
you think the company may have been at fault about?

gl.
FS16
Posts: 7
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: Re: What next?
5 May '16
Thanks Spikeyj. For those of us who held shares with Dan until the end have no choice but to wait and see when (if) they get back on trading, but for now the shares have zero value. Is legal action at all an option in such cases?




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