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9 Jul 2014 07:00
9th July 2014
DANIEL STEWART SECURITIES PLC
("Daniel Stewart" or "the Company")
Trading Update
Ahead of the Company's announcement of full year results, currently being audited by our auditors PwC, Daniel Stewart is pleased to provide a market update.
The year to 31st March 2014* will show a further loss although we anticipate a substantial improvement over last year. The second half of the year showed considerable improvement, benefitting from the improvement in economic and market sentiment, but not sufficient to generate a profit for the period.
The first quarter, to 30 June 2014, saw a further improvement in activity during which we completed a number of small secondary fundraisings. Our current pipeline gives us encouraging visibility through the remainder of the half year, subject always to the successful completion of these opportunities.
The Company expects to release its full year results during September 2014.
* prior to impairment of goodwill
Enquiries:
DANIEL STEWART SECURITIES PLC Tel: 020 7776 6550
Peter Shea
WESTHOUSE SECURITIES Tel: 020 7601 6100
Richard Johnson / Martin Davison
Tavistock Communications Tel: 020 7920 3150
John West / Teresa Towner
Notes to Editors:
About Daniel Stewart
Daniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly traded companies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principal operating subsidiary, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, and Daniel Stewart Capital, the Group's leasing and debt financing division.
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