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dan is a financial services company, supposedly with investment banking. ... i.e. a different kind of company from imtk... .... FCA regulate financial services companies...
? wouldn't the company still be subject to regulation from the FCA as a financial services company, even if it delists from AIM? (relevant if RT wanted over 10%)
I don't think it'll be that soon, it'll be much longer than that and RT has stated he doesn't want DAN to be on AIM, so this'll probably pan out much longer than that.
Not to sound funny, but does anyone here know or have an educated time span on when this share will be active again?
i assumed you were CWO!
Lol
He's on twitter.
you opened a brand new lse account just to say that?
yes, i remember leonstrade as someone who was very chatty on the qpp bb and rampy on dan back around may, when the pump was in full swing. he seemed quite matey with some of qpp regulars such as brotherhumble and probably played some role in persuading a few from qpp to put money in here. -- but as bishbashbosh asks, so what? history now.
Yes, why do u ask? Are you just testing people's memories or do you have a point you want to make?
Yeah he's a ramper and acted like he had inside information.
np. hope 2016 is good for both your finances & health.
Hey Spikey, thanks for takin the time to answer, much appreciated..
i don't recall seeing RT saying that he wanted DAN to delist. perhaps jub is thinking about comments RT made about whether he would try to bring Quob Park into a public listing, & remarks made in the same quob blog about DAN moving to a 'premium' or 'standard' listing. http://www.quobpark.com/blog/to-list-or-not-to-list-part-one "The role of a NOMAD is currently central to the functioning of the AIM market. Many NOMADS are however driven by competitive pressures, market perceptions, and to a certain extent, self-interest. This of course could compromise their intended role as pseudo-regulators. Consequently, we question whether AIM is an appropriate market for any investment bank, including Daniel Stewart, to be listed upon. Quob Park Estate would therefore be very supportive, as we believe are other major shareholders, of seeing Daniel Stewart move away from AIM towards a Standard Listing or Premium Listing in due course. Though we do not know for certain if Daniel Stewart’s Board would share this view." clearly, the idea of moving up to a main market listing is way, way different from delisting.
I have a feeling this will de-list, RT was keen on this to delist and move onto a different listing where it's less volatile for DAN. Well that was his opinion from his bits he wrote a while back. Personally I just hope DAN has got something up their sleeves as a lot has been invested in this.
hi ruga. there are two different issues involved. firstly, is DAN the company doing OK in terms of underlying business, assets and cash-flow? secondly, where will DAN holders be able to deal in its shares? if the underlying company is actually sound, solvent, and doing well, then your shares should still be worth some money to you, but it may take a while to be able to cash them in, because of the issues around the second matter. if the shares become delisted from AIM, you as an ordinary PI won't be able to do anything at all with them unless the company either manages to get the shares listed on another market, or sets up a matched bargain facility. if on another market, then you should be able to sell the shares, providing you have a broker who is prepared to deal on that new market. you will probably find that the spreads will be wider, and the broker will charge you a higher fee. if the company sets up a 'matched bargain' facility, (a less preferable option for pis than another listing) they will have to explain how investors can access it; essentially, you would only be able to sell your shares if there is another investor out there at the same time who is willing to take that specific chunk of shares off your hands. so in principal it would allow you to sell, but in practice it can take ages for a trade to get set up, and often the price achieved will not be good; effective spreads would be very wide, reflecting lack of liquidity. your best option of course is to have the shares remain on AIM and come out of suspension, in order for this to happen, they need to find a nomad quickly, but also still need to finalise audited accounts for last year. if the underlying business is actually doing very badly, then your shares won't actually be worth very much at all even if the company does find a way to list on another market sets up a matched bargain facility. (& matched bargains would be very hard to set up, as few people would want to take the other side of the trade.) clearly, there seem to be some very different views on the bb about whether the underlying business at DAN is OK or now, with some posters apparently still optimistic on that. i think in truth it's hard to be very certain about it one way or the other, since investors do not have properly audited figures to go on, but personally i thought last set of unaudited figures did not paint a good picture. if the company is doing badly, then the question will be whether it is doing so badly that it cannot continue to raise new money when needed, & loses the confidence of clients to continue dealing with it (- &/or runs out of cash to bear the costs of servicing its existing clients - ), versus being able to still generate enough cash + raise additional cash to keep ticking over, in which case your shares would still be worth something, but progressively less &
I don't think anyone here no matter how experienced an investor can tell you what's going to happen with DAN at the moment. As long as they remain suspended there is nothing you can do other than wait and see what happens. They may find a new Nomad in time or they may choose to delist. You will remain a shareholder although your options will be more limited but you have lost nothing at the moment. You may have to bottom drawer these shares until the situation changes. Investing isn't easy or everyone would do it but if done well it can be very rewarding.
Is it possible for some of the more experienced investors on in to explain to a clueless investor ( me ) what the possibilies are for my cash tied up here in DAN.. I have more than I'm happy to lose sat in this share an I kno zero about the markets an how they work, thought I'd have a punt but turns out I really don't have time to trade on AIM.. Main Q is my money likely all lost..? Thanks in advance people.. ATB for 2016
No problem spikeyj, I try to be as balanced as possible, even in shares I am invested in lol. Good luck to you also.
[my apologies to bb by the way, i see i posted the wrong link on my thurs 23:10, should of course have been the one related to share-p & dan.]
many thanks for the polite and considered reply. certainly, i'm reluctant to take stuff from sharepuppet at face value, they always tend to over-egg. best of luck to you in 2016.
Hi spikeyj, Yes you are correct I am an accountant. On first look I have to say, I didn't notice that, as the error only exists on the dates of the cash flow statement and not the statement of comprehensive income or the statement of financial position. After looking at the dates on the first statement I was obviously taking more notice of the actual figures. I can't deny this the error is there, so yes he does have a point, and it is definately unprofessional. He does however come across as if he has something against DAN! These are only unaudited interim financial statements though, and not audited accounts to be submitted to Companies House, if this was the case it would be more serious, and bottom line is they would be rejected. Although there are errors on tide dates, the figures do appear to have been calculated correctly and not historic data. If you review the cashflow statement, the starting point is operating loss/profit, this is pulled from the statement of comprehensive income and shows the figures are correct. Also near the bottom the closing cash and cash equivalents are as per the statement of financial position, so again, the figures do appear correct. However it does make me wonder who is producing these accounts and what software they are using, because to make an error on a date, is pretty poor, and it does look bad in an RNS! Out it this way, no accounts I produce would be going out the door with the wrong dates on! I am locked in here, and am trying to be positive but as time goes on I am more and more sceptical about the situation!
jr2910, i'm not an accountant, but i think you've said before that you are. i see that somerville on the sharepuppets site is very scathing, to put it mildly, about the way in which those figures have been compiled, essentially suggesting that they've been cut and pasted together from previous historic figures, rather than actually representing current figures in any meaningful way. from your more expert position, do you think somerville is misrepresenting these accounts, or does he have a reasonable point? http://www.sharePUPPETS.com/views/17625/zak-mir-s-bull-call-of-the-day-no-2-clinigen-above-50-day-line-targets-800p-plus
peter shea doesn't do cost control.
Yesterday's RNS was a positive one. Today's!? Have to say, I'm wondering what has happened to turnover, cost control, and most of all bottom line profits, well, losses. Disappointing! Suppose it gives a bit of insight into why we're waiting on the audited 31st March 2015 figures. Although not that any of it really matters at the minute as we're all locked in anyway!