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

The website has been updated to show the transactions so far for 2006. Impressive reading.

Client Role Transaction type Value Funds raised Market
Accuma Broker & Nomad Secondary and Vendor Placing 50m 12m AIM
Chaco Resources Broker & Nomad Secondary Placing 55m 1.5m AIM
Corpora Broker & Nomad Secondary Placing 10m 2.25m AIM
India Outsourcing Services Broker & Nomad Secondary Placing 3.8m 3m AIM
Playgolf Broker & Nomad Secondary Placing 9.9m 0.75m AIM
Rurelec Nomad Reverse Takeover 28.7m 19.7m AIM

Another client for DAN announced this morning.

Change of Adviser

RNS Number:1623Z
Immedia Broadcasting plc
02 March 2006


IMMEDIA BROADCASTING PLC

Appointment of new Nominated Adviser & Broker

The Company is pleased to announce that it has appointed Daniel Stewart &
Company plc as its nominated adviser and broker with immediate effect.

Bruno Brooks, Chief Executive of Immedia, said "We are delighted to have Daniel
Stewart as a key adviser in this exciting stage of the Company's development. We
are pleased to be restructuring the Company's adviser base - it comes as part of
our strategy to place Immedia in the best possible position to exploit the
opportunities which exist for the Company in the coming year."

For further information please contact:

Immedia Broadcasting
Bruno Brookes - Chief Executive - 01635 572 800

Daniel Stewart & Company Plc - 020 7776 6550
Tom Jenkins /

Hudson Sandler - 020 7796 4133
Nick Lyon / Sandrine Gallien

All good standing for this company which IMHO has a great outlook.

Buyers piling in early this morning. Tipped somewhere?

Looks like someone`s buying in blocks of 25000

Someone started doing that yesterday afternoon. It's the only way of buying large chunks at the offer price otherwise you have to pay over the odds for 100K.

Sudden flurry of buys this morning and a nice tick up.

More potential clients for Daniel Stewart!


Banking and finance



The Times March 20, 2006


AIM offers Americans escape from New York
By Martin Waller



HUNDREDS of American companies are hoping to join the Alternative Investment Market in London to avoid the heavier regulatory environment in New York, according to a City lawyer.
Delphine Currie, a partner at SJ Berwin, which is actively courting small, fast-growth American firms, says that her partnership has spoken to 40 or 50 companies interested in escaping Sarbanes-Oxley by coming to AIM. If weve talked to 40 or 50, there are bound to be others, up to ten times as many, she said.



Market-watchers say that a company with a turnover of only $50 million (28 million) a year could face fees of $3 million a year to satisfy the more onerous regulatory requirements on the New York market.

Ms Currie said: Its OK for one of the major US companies to spend these sorts of sums on compliance. Its crippling for a smaller company.

There are now 29 companies quoted on AIM that are either United States-based or have a holding company domiciled in Britain but most of their operations there, according to the London Stock Exchange, which runs the less regulated market. The increasing burden of regulation in the US is one factor persuading American companies to float in London.

A London source with experience in both markets said: An American broker recently told me: You guys should erect a statue to Sarbanes-Oxley outside the London Stock Exchange Sarbox has been the best thing since sliced bread for you.

AIM, created a decade ago, has been an undoubted success for London, attracting IPOs from all around the world. Ms Currie said that her company recently had been pitching for business in Waltham, the high-tech business cluster outside Boston, and shortly would be in Silicon Valley, California.

There is concern over the effect on AIM and the London market generally if one of the two New York exchanges mounts a successful takeover for the LSE. Nasdaq, which has had a 2.4 billion offer rejected and has approached key LSE shareholders to try to put together a deal, has insisted that the market will be able to continue as it is. The New York Stock Exchange has not commented on whether it will bid.

Regulators in London and New York have not specifically taken a view on the future of AIM. Ms Currie said: I cant see AIM sitting particularly well with the NYSE. But I cant see them killing the golden goose.

Separately, the authorities at AIM appear to be confident that they can fight off any threat to the tax breaks on offer to investors in AIM companies. There have been suggestions that the Budget on Wednesday could limit or even scrap these, because of the arrival on the market of much larger firms, such as New Star Asset Management, which floated last year.

The tax advantages are intended to encourage investment in small, high-growth businesses, not established companies such as New Star, which in the event lacks a sufficiently long trading record to go for a full listing.

It is thought that the Treasury is content to leave the LSE to find an equitable solution to the problem, for example by requiring larger companies to move on to the main list when possible, rather than imposing diktats from outside.

We welcome the support the Treasury has given AIM in terms of the favourable financing environment and would expect that to continue, an LSE spokesman said.

Moving on up again

capa

Buyers piling back in obviously thinking news is imminent.

Creeping up after the positive trading statement last week. Time to get in before this runs away?

Quiet one this???? results out soon, quite a way off highs. Only a PE of 12 and results expected to exceed expectations. Certainly one to watch. price 22.75p

im still the only one watching???

I'll be a buyer next week. The shares look at the discount at this price. In their last trading update at the end of March they expected to smash through 4.6 mil pre-tax. With the results out on 31st I can see this going one way only. Also just bouncing off from bottom line uptrend.

hi britshare, hope your right, present market conditions not helping, but i think your spot on.

As of this morning I'm a holder. Don't think we'll see these prices again. If only the wankers in the Middle East would stop fighting now...

agree, but how much pressure are the US putting on Isrealis not escalate the violence????

The price has been all over the shop today. I'm debating about adding a few more, but not sure.
Any thoughts where we might be by the end of this week?

Well, I've added more today, I think we'll start climbing back up towards the results.
Looking at their website, since the end of the last financial year, they have had quite a few major flotations and placings completed for their clients, so it doesn't look like business is slowing down. I look forward to the results and outlook for the rest of the year.

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.