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.

Daniel Stewart – Can the Audited Accounts be relied upon?

By Nigel Somerville, the Deputy Sheriff of AIM

9 September 2015 01:52

More:

The FY14 Accounts of AIM Cesspit posterboy Daniel Stewart Securities plc (DAN) and its main trading subsidiary Daniel Stewart & Company plc (DSC) look to be in real trouble. One wonders how new Auditor PWC passed them, given anomalies already highlighted HERE. But it gets worse. With thanks to an avid reader – let’s call him David – there are yet more questions to ask as a result of a devastating analysis. I have added a few comments [in bold] but I leave the rest to ‘David’. He writes…..

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Comments

DUCK AND DIVE

9 September 2015, 11:10

There is something Hoffnungesque about your forensic sagas which are, at once, despairing, faux-optimistic, despairing again, semi-tragic, barely credible, deadpan and hilarious. As usual, a long and seemingly daunting read is richly rewarding and too short.

I look forward to seeing how this latest AIM farce plays out…no doubt with hasty corrections and explanations but no rapped knuckles.

I assume that the auditor’s fee included a sizeable commission payment which was returned to DS in cash and with thanks.

Will you ‘fess up to ghost-writing TW’s earlier Emmit story?
Nigel Somerville

10 September 2015, 00:21

D&D – you are too kind! But spare a thought also for ‘David’ who seems to have the same unquenchable fettish in the forensic analysis department. Seems i’m not the only one – perhaps we should form a support group. A ShareProphets therapy centre. There’s a thought.

As for ghost-writing, I don’t think Tom would thank me for putting words into his mouth…..!