29th Sep 2005 07:00
Daniel Stewart Securities PLC29 September 2005 29 SEPTEMBER 2005 DANIEL STEWART SECURITIES PLC (AIM) TRADING UPDATE The Board of Daniel Stewart Securities plc ("Daniel Stewart" or "the Company"),the smaller company adviser, is pleased to announce that profit before tax forthe six month period to 30 September 2005 is likely to exceed marketexpectations. The Company expects to post an interim profit before tax of not less than £2.1million. Market forecasts currently show an estimated profit before tax of £2.8mfor the full year to 31 March 2006. Peter Shea, Group Chief Executive said "As we reported in our final results forthe year ended 31 March 2005, we are seeing an increase in our profile withinthe London Market which has led to continued growth both in number and size oftransactions completed. Consequently, our profits are ahead of the currentmarket expectations. The pipeline of new business is strong and we look forwardto the balance of our financial year with confidence." --ENDS-- Enquiries: DANIEL STEWART SECURITIES PLC Tel: 020 7776 6550Peter SheaAlastair Cade BISHOPSGATE COMMUNICATIONS LIMITED Tel: 020 7430 1600Maxine BarnesDominic Barretto Notes to Editors: About Daniel StewartDaniel Stewart Securities is an AIM-listed company providing a range of investment banking services to Small Cap publicly traded and non-publicly tradedcompanies. The Group has two subsidiaries, Daniel Stewart and Company, the Group's principle operating subsidiary, which is authorised and regulated by theFinancial Services Authority, and is a member of the London Stock Exchange and Daniel Stewart Capital, the Group's leasing and debt financing division. The Group also has a strong corporate finance team and a successful equity research department, which distributes to over 400 institutions, ensuring maximum exposure for all of the Group's corporate clients. For further information visit: www.danielstewart.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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