UK 12:43 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
You could not make this up, Daniel Stewart (DAN) the City Crony capitalists who make their cash from advising firms on the AIM Casino has today admitted that it is truly financially buggered but not so utterly buggered that it can’t afford lavish champagne receptions at Christmas. Having made millions floating Quenron (QPP) and the China frauds Naibu (NBU) and China Chaintek (CTEK) as well as raising cash for blue-chip Globo (GBO) this is a comedy that keeps on giving.
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Comments
Duck and Dive
Exquisite story – albeit I suspect it will end disappointingly with someone (Chinese?) coughing up some cash via a placing.
Would be interesting to know what the regulatory amount is. ISTR that when the old PLUS Markets was going down the Swanee, they were required to “calculate on a monthly basis the orderly cost of closure, which equates to the ability for the Group to be able to run its regulated operations for the period of the wind down, to provide time for its market participants including issuers to find alternative arrangements. This means that the Group has to maintain, as a minimum, sufficient non-discretionary funding to ensure the ongoing operation of its regulated activities for the period of the wind down.”
ANYWAY, to more important matters and surely you will be running a mega prize competition for the best RSVP to the party invitation?
alcira16247
Tom
No doubt a RNS from Quindell will shortly be released informing us of the all share acquisition of this shambles of an organisation.
After all from a company that sells scaffolding to on-line lawnmowers, Daniel Stewart will be a perfect fit to its every growing portfolio of success!
turbograndad
Its all par for the course unfortunately, here in dear old blighted blighty. Probably some politician pals, and journo’s will be there also. Back in business soon under another guise probably, call me cynical, I wonder why, more champagne, more champagne.!!!!