Daniel Stewart – Have the books spent too long in the kitchen? Part Two

In the first piece of this two-parter (HERE) we looked at anomalies in the accounts and Companies House filings of Daniel Stewart Securities plc (DAN) and its main subsidiary, Daniel Stewart and Company plc between the accounting year ends as at Mar 2011 and 2012. Those questions added up to over £120million – rather a large number, given that the market cap of the parent currently sits at just £19million, according to ADVFN (last seen). What do we find in the period from Mar 2012 up to the present?

FRC, FCA and AIM Regulation asked to investigate Daniel Stewart AGAIN

Tom Winnifrith may be on sabbatical but we would not want the Financial Reporting Council, FCA and AIM Regulation to get bored and so in light of today’s shocking revelations about the shambolic accounts of disgraced Daniel Stewart PLC HERE, we have AGAIN written to the regulators demanding an investigation. The letter reads: 

Daniel Stewart – Have the books spent too long in the kitchen?

Daniel Stewart & Company plc is the main subsidiary of AIM-cesspit listed Daniel Stewart Securities plc (DAN). I’ve been reviewing some, ahem, ‘interesting’ anomalies in the Companies House filings for the former. Shares have gone missing, or did they materialise out of thin air? And what about an issue of over £120million worth of stock to the parent, for cash? I kid you not! It is a dog’s breakfast, but one thing is clear: there will have to be resubmissions to Companies House and, I fancy, some corrective RNSs to clarify what exactly has been going on. With apologies for a technical article….

Formal Request to FRC, FCA and AIM Regulation to investigate Daniel Stewart

I have this morning from the train contacted the Financial Reporting Council, AIM Regulation and the FCA regarding the 2012 and 2013 accounts of Daniel Stewart PLC regarding the issue I raised yesterday HERE. It has long been my contention that DS is not fit to be a listed company and in that spirit I have asked that its accounting which appears, at best, to be aggressive, be formally investigated. The letter follows.

Daniel Stewart & Naibu – more truly shocking detail: the £16 million stink gets worse

Naibu (NBU) was a fraud from the day it joined the AIM Casino in April 2012 thanks to disgraced Daniel Stewart (DAN) but a careful analysis of the subsidiary accounts of the City Crony Capitalists shows the stink is even worse than we imagined.

Twitter Moron/Rob Terry worshipper of the week – profitseeker

I sense that this bloke chose a name based on hope rather than actual achievement as his last two tweets show him to be 100% delusional. 

Daniel Stewart – More Companies House revelations as Red Flags abound

Having posed a few questions (HERE) about AIM-Cesspit poster boy Daniel Stewart Securities plc (DAN) and its unlisted plc subsidiary Daniel Stewart & Company plc, I’ve had something else pointed out by an avid reader. I wondered how it was that the parent company had managed to produce audited FY Mar14 results (albeit months after the deadline, which saw the shares suspended) when the subsidiary accounting for the vast majority of revenues had not. Given that the two share the same financial year, this seems all rather odd. And given that the parent was audited by PWC, how on earth has PWC been able to verify what is reported with reference to the contribution to group revenues (ie almost all of it) without itself auditing the subsidiary accounts?

Daniel Stewart – questions over Companies House filings

This new free service from Companies House is great: not only does it cost nothing to use, it is just so much faster – see for yourself HERE. And that brings me to Daniel Stewart (DAN), where a couple of things caught my eye.

Daniel Stewart (#DAN) - brings Andrew McIver in as a non-exec

Zak Mir's Bulletin Board Heroes - Featuring Daniel Stewart, Europa Oil & Gas, Lekoil, Range Resources, Red Emperor

Featuring Daniel Stewart (DAN), Europa Oil & Gas (EOG), Lekoil (LEK), Range Resources (RRL), Red Emperor (RMP)

Daniel Stewart says no reason for share price rise - it lies, the reason is fraudster & insider dealer Rob Terry is ramping the shares ...and also Quindell

Daniel Stewart (DAN) has today been forced to say that it knows of no reason for the increase in its share price and to warn that it's bailout £1 million funding will be at a discount to the current share price. Daniel Stewart lies. The reason the shares are heading to more luducrous levels is that Rob Terry, the fraudster and insider dealer of Quindell (QPP) and The Innovation Group (TIG) infamy is ramping the shares and here is the email that proves it.

Zak Mir's Bulletin Board Heroes - Featuring Daniel Stewart, GCM Resources, Ithaca Energy, Netscientific

Featuring Daniel Stewart (DAN), GCM Resources (GCM), Ithaca Energy (IAE), Netscientific (NSCI)

Daniel Stewart : Valuation Insane.

Google Zainab Binte Mohamed Omar and not a lot comes up other than his ownership of 29% of troubled stockbroker Daniel Stewart (DAN) via a Singapore registered vehicle named Epsilon Investments.

Zak Mir's Bulletin Board Heros: Amur Minerals, Daniel Stewart, Jubilee Platinum, LGO Energy, Starcom, and Tern

Featuring Amur Minerals (AMC), Daniel Stewart (DAN), Jubilee Platinum (JLP), LGO Energy (LGO), Starcom (STAR), Tern (TERN)

Zak Mir's Bulletin Board Heroes - Azonto Petroleum, Daniel Stewart, Jubilee Platinum, Oilex, TekCapital, Transense Technologies

Featuring Azonto Petroleum, Daniel Stewart, Jubilee Platinum, Oilex, TekCapital, Transense Technologies.

Daniel Stewart: Tom Winnifrith says – “See you in Court you fascist bitchez”

On 30^th April I ran an article stating “Daniel Stewart – shares suspended at 4.30 PM today?” The shares were in fact suspended the next morning as the company had been unable to find a replacement Nomad for Westhouse which quit on April 1. Shares in Daniel Stewart will retrade from tomorrow as it has found a Nomad that will act for it but with very odd conditions.  Daniel Stewart responded to this article by sending a pompous and fascistic letter demanding that I pull the article within 48 hours and swear never to repeat its content or else.  Suffice to say I will happily see the bitchez in Court but the tone of the correspondence is both amateurish and fascistic at the same time.

Daniel Stewart gets a Nomad but even Fatty Cornish draws a line with toxic Rob Terry

Nomad Beaumont Cornish, run by Roland “fatty” Cornish may act for China fraud Gate (GATE) and have covered himself in opprobrium over New World and Digital Learning (see HERE) but even fatty draws the line somewhere and that is over getting involved with Rob Terry of Quindell infamy.

Daniel Stewart Shares Suspended, Maybe Roland “fatty” Cornish needs convincing on funny money

And so a month after Westhouse quit as Nomad to disgraced City advisers Daniel Stewart (DAN) no nomad has been prepared to take on this bag of shite and – again – its shares have been suspended from the casino. If no-one wishes to destroy what reputation they might have and act as Nomad by June 1 then Daniel Cesspit shares will be booted off the casino for good. I warned you about this yesterday HERE. But Cesspit reckons that all is far from lost.

Daniel Stewart (#DAN) suspended as no Nomad fund by deadline - says will sign 1 next week

Daniel Stewart – shares suspended at 4.30 PM today?

Daniel Stewart wants this article removed - I explian why it has no grounds for this and publish both the article and legal correspondence HERE