this share has done extremely well this year - with results coming in a month or so, this is a buy!

Very happy with this set of results :)



Daniel Stewart Securities PLC
20 July 2006


20 JULY 2006


DANIEL STEWART SECURITIES PLC

(AIM)


FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2006

AND TRADING UPDATE TO 30 JUNE 2006


The Board of Daniel Stewart Securities plc ('Daniel Stewart' or 'the Company')
is pleased to announce its final results for the year ending 31 March 2006.


FINANCIAL AND OPERATIONAL HIGHLIGHTS


Group Turnover doubled to 12,232,725 (2005: 6,027,842);

Gross Profit doubled to 11,326,826 (2005: 5,649,663 );

Profit before Tax up over 150% to 5,075,000 (2005:2,004,947);

Net Assets up 50% to 12,997,557 (2005: 8,287,705);

Earnings per share before amortisation goodwill up 86% to 1.85p (2005:
1.02p);

Continued strong performance of the Group's principal operating
subsidiary, Daniel Stewart & Company and continuing development of Daniel
Stewart Capital and Daniel Stewart Leasing;

Significant investment in hiring high quality staff across the
business; and

Substantial increase in transactions completed and capital raised on
behalf of clients - the Company raised in excess of 160 million (2005: 60
million) in primary and secondary issues.

Commenting on today's announcement, Peter Shea, Group Chief Executive, said "The
year has seen further improvements in the quality of our delivered services -
evidenced by increased transaction completions and the continuing demand for
our services across all areas of the firm. We have created greater stability in
our earnings, differentiating us from our competition by the development of our
leasing and loan books.

"We continue to enjoy high profit margins, which are close to the highest in the
industry, reflecting our commitment to providing greater returns for our
shareholders. Trading in the first quarter has been firm and our order book is
solid. We have hired a significant number of new staff, strengthening our
personnel and leaving us well placed for the year."



--ENDS--



Enquiries:
DANIEL STEWART SECURITIES PLC Tel: 020 7776 6550
Peter Shea
Alastair Cade

BISHOPSGATE COMMUNICATIONS LIMITED Tel: 0207 430 1600
Maxine Barnes
Nick Rome/Sophie Davis



Chairman's Letter to Shareholders


Dear Shareholder


I am pleased to present our report and accounts for the year to 31 March 2006.

The year offered benign trading conditions throughout, enabling us to continue
to advance and develop all of our product lines and business units. Our focus
has remained in the small cap arena where, as a result of a number of excellent
transactions, we have enjoyed an enhanced reputation.

Daniel Stewart & Co

During the year we successfully completed Nine Initial Public Offerings (IPOs)
and 29 Secondary offerings, all but one being on AIM, raising in excess of 160
million in primary and secondary issues.

Transactions of particular note included acting for World Gaming Plc in its $90
million acquisition of Sportsbetting where, in addition to arranging the equity
we also arranged 25 million in bank debt. We completed a range of transactions
within our corporate finance department - including the sale of XN Checkout to
Torex Retail for 80 million, and we now act as Nomad for 29 companies.

Our research department is now well established and has received much favourable
comment including being short-listed for Best Research of the year at the AIM
Awards dinner.

Daniel Stewart Capital

The Company added two new clients providing 150,000 in loan facilities. The
total value of loans written now exceeds 1.25million with a yield substantially
above average.

Daniel Stewart Leasing

The leasing business commenced trading in September 2005. It concentrates on
providing leasing services in the form of finance/operating leases to the
printing industry. During the year, we wrote leases for a total value of
2.6million with 19 customers. Our average yield was considerably above industry
standards with an average tenor of 3.2 years.

Summary

Yet again the Company has had a very successful year, doubling turnover and
profitability. Our balance sheet as a result of this performance is strong and
cash flows have continued to be positive. Our order book at year-end reflects
the demand for our services with an ever-widening geographic range of clients
served. As always, our ability to deliver is reliant upon the performance of our
people - all of whom have provided quality execution over the last twelve
months. We continue to recruit individuals of the highest calibre and will
always welcome dedicated staff that assist us in the maintenance of our
commitment to excellence.

Finally the Board would like to thank shareholders for their continued
confidence and support and hope that they will enjoy the benefits of our
continued growth.



Peter Dicks
Chairman





Chief Executive's Year in Review


Equity Capital Markets.

At year-end 2006 our retained AIM and other public market client base consisted
of 37 companies. We completed 38 transactions (2005: 25) and acted on the
admission of over 160 million (2005: 60 million) in new capital on both
primary and secondary issues on total transaction values of 860 million (2005:
434 million).


Corporate Finance.

Our corporate finance team has been very active during the year, assisting in
the successful completion of our IPO's on AIM, where we acted as Nomad for 9 new
clients and completing a wide range of transactions including the sale of XN
Checkout to Torex Retail for 80 million.


Equity Research

Our research department has improved in both terms of breadth and quality of
coverage. As a result we are now distributing to almost all UK institutional
managers and to a wide range of international investment managers.


Trading and Investment

This department has traded profitably throughout the year. Our Agency business
has grown steadily, with a corresponding increase in clients that now number in
excess of 100 (8: 2005). Our proprietary trading book provided excellent returns
for the period and we will continue to develop both our Agency and Proprietary
business.


Specialist Debt Services

We established Daniel Stewart Leasing during the year to add to our already
existing operations in Daniel Stewart Capital. We have successfully deployed
excess capital into these markets - to provide improved returns and improved
quality of earnings, ensuring further differentiation from our competition.

Employees

The firm currently employs 36 members of staff, compared to 25 at the end of
2005. We enjoy a high level of dedication and commitment from all employees and
each has made a substantial contribution to the very successful year.


Premises

We moved into our new offices approximately ten months ago. The change of
accommodation has proven to be very successful and has helped us to provide a
fully integrated service to our clients.


Outlook

Having completed the first quarter of this financial year, I am pleased to
advise that all divisions are performing satisfactorily and that we are well
positioned for the year ahead. We enjoy a solid order book and are seeing a
steady improvement in both quality and size of transactions offered to us.


Peter Shea

Group Chief Executive



Management Discussion


Business Environment

Equity markets throughout the year remained firm, with AIM continuing to
flourish. It has attracted companies from all over the World and is now the
small cap growth market of choice. Economies worldwide have been buoyant and, as
such, demand for banking and broking services has grown unabated.


Results of Operations

Revenue for the twelve months was 12,232,725 up from 6,027,842 for the
previous year - an increase of 100 %. At the gross profit level we improved our
performance by 100%, returning 11,326,826 versus 5,649,663 for 2005. At the
operating level we returned a profit of 4,949,255 or 40.4% versus revenues, up
from 2,054,913 or 34.1% versus revenue for 2005. Staffing levels rose from 25
to 36, and as such our administrative expenses rose in real terms from
3,594,750 in 2005 to 6,377,571, however, when measured against revenue this
represented a slight improvement down from 59% in 2005 to 57%. After taking into
account interest, depreciation and amortisation our profit before tax was
5,075,012 or 41.5% against revenues, up from 2,004,947 or 33.3% in 2005.


Liquidity and Capital Resources

Net Assets rose from 8,539,955 in 2005 to 12,997,557 with our working capital
position improving from 6,429,081 in 2005 to 11,282,153. While this
improvement can be attributed to a number of factors, of particular significance
was the growth in our loan and leasing portfolios and our increased cash
position - up to 4,201,880. Operating cash flow remained strong and almost
unchanged at 1,857,298 despite an increased investment in our trading assets.
Our Return on Capital Employed was 26.2% (25.1% in 2005) and our Return on
Equity was 29.0%, up from 22.0 % in 2005.


The preliminary results for the year ended 31 March 2006 were approved by
the Board on 19 July 2006 and accounts for the year ended 31 March 2006 will be
sent to shareholders in due course.

I seem to be talking to myself here, any holders out there?
We're on the move again :)

IC has reiterated a BUY reccomendation for DAN this week.
Here is a copy of the article:


"Full year results from Daniel Stewart demonstrated how well small cap stockbrokers have done from the rapid growth of Aim. Turnover doubled to 12.2m, while pre-tax profits rose 150 per cent to 5.1m. A busy year for new and secondary issues was mostly to thank, but the company also doubled the size of its loan book.

The key question, though, is whether the current year can match or even better that performance. New issues on Aim have slowed in recent months after a frantic start to 2006, and the fall in the stock market since May has knocked confidence. Nevertheless, chief executive Peter Shea is confident that this year will be another good one. There are still plenty of domestic companies controlled by venture capital firms which may seek a listing, and Aim is an increasingly popular destination for US companies. With that in mind, Daniel Stewart has sent one of its Nomads (nominated advisers) over there to work in partnership with investment bank Sanders Morris Harris.

Along with those of other stockbrokers, shares in Daniel Stewart fell during the recent market sell-off. At 20p, they're 17 per cent below our buy tip (24p, 13 April 2006), having reached 29p in April. They're trading on just under 10 times forecast earnings, which looks too low given the continuing popularity of Aim. Still a BUY."

In my opinion this share will double in next 12 months. Will be 30p by Oct.2007.

dropping DAN

long time since anyone's posted here but DAN is clearly on the move.
big buyers recently and results imminent.

Any one still interested in DAN? Some TA person said to me last night that there was a buy signal on this ..... can anyone confirm or is it a bit risky given the fall on the DOW last night? Thanks

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/03/17/cxmktrep117.xml

Shea rumoured to be looking at a MBO!
Any buyout would have to be at a higher price than it is currently!

4.75/4.85 up on the bid. Banking sector in general picking up but DAN been left behind.

Started to recover off it's low.

Papers reported this am that there was hope a bid was coming in.

better hurry up before this goes bust......not many customers to keep business going....and analysts are woeful....nothing more than glorified journo.

you up to mischief again scotty

From what I remember their analyst was spot on about silverjet

down again today.....on a rocketing day!
just a tiddly wee company now.

1 good call in a year is hardly time to celebrate.....and thats on talking down something.....can it actually tip a share to do well.....thought not!

SELL

Oh dear and I was just thinking you knew what you were talking about!

the problem with these threads there isn't any true debate about what is going on and what is likely to happen.

A large proportion of silly people coming out with useless statements based on their very limited knowledge.

Still, gives me a good laugh! lol lol lol

down again

joking aside, companies like daniel stewart will really suffer from end of last year until we definitely we are out of bear market and things improve......now no-one really knows as bounce was in end march 3003 i think from last bear market......so its usually at least 6 months before people in media tell the masses. and many people will be burnt and wont rust markets for even longer if ever as like last bear market.
so i dont think daniel stewart will have much business for about next 3 years

down again....little volume too....soon be 1p

now only 2p.........do they have any clients left.......poor advice from analysts too wont give any confidence.

Noticed the Director buying yesterday. Hopefully the rise here will continue especially if they confirm that they have maintained profitability.