Daniel Stewart Securities Plc Regulatory News (DAN)

13 Aug 2007 07:05

Daniel Stewart Securities PLC13 August 2007 FOR IMMEDIATE RELEASE 13 AUGUST 2007 DANIEL STEWART SECURITIES PLC (AIM: DAN) ("Daniel Stewart" or "the Company") TRADING UPDATE The Board of Daniel Stewart, the investment bank offering corporate advisory andinstitutional stockbroking services, today provides shareholders with a tradingupdate for the first quarter of the new period. Having refocused the business and significantly strengthened its team of marketprofessionals, the Company has performed well since the year end - despite somemarket turmoil, and is well placed to build on its strong start to thisfinancial year. As well as returning to profitability, the Company has beenawarded a number of noteworthy mandates which are substantially larger than itshistoric average. Since the end of the first quarter, we have successfully raised £60 million forone of these clients, and therefore we are confident that we will be able toconvert a number of similar sized fund raisings during this financial year. Thestrengthening of our equity capital market platform has resulted in asubstantially broader spread of business and opportunities. With a strongpipeline of business and opportunities in place we look forward to the rest ofthe year with optimism. Peter Shea, CEO, said, "A number of recent new client wins have provided us withthe confirmation that our programme to upgrade our service quality is provingeffective and we believe this year will result in a solid performance for theCompany". --ENDS-- Enquiries: DANIEL STEWART SECURITIES PLC Tel: 020 7776 6550Peter Shea BISHOPSGATE COMMUNICATIONS LIMITED Tel: 020 7562 3350Maxine BarnesNick Rome/Sophie Davisdanielstewart@bishopsgatecommunications.com BLUE OAR SECURITIES PLC Tel: 020 7448 4400David SealWilliam Vandyk Notes to Editors: About Daniel Stewart Daniel Stewart Securities is an AIM-listed company providing a range ofinvestment banking services to Small Cap publicly traded and non-publicly tradedcompanies. The Group has two subsidiaries, Daniel Stewart and Company, theGroup's principal operating subsidiary, which is authorised and regulated by theFinancial Services Authority and is a member of the London Stock Exchange, andDaniel Stewart Capital, the Group's leasing and debt financing division. This information is provided by RNS The company news service from the London Stock Exchange