Wednesday 24 June 2015

RARE ALERT: Daniel Stewart said to be close to raising £1 million via equity placing

Daniel Stewart's shares crashed around 30pc today to about 2p.

I'm presuming the news regarding Quindell hasn't helped sentiment around the stockbroker (for readers that don't recall, Rob Terry, the former boss of Quindell is one of the stockbroker's largest shareholders).

So, readers might be particularly cynical about this latest tale doing the rounds.

Word is Daniel Stewart is on the verge of raising £1 million priced at a price of 3.35p via a placing with market makers and institutional investors.

And my man "in the know" reckons an announcement about the fundraising might even be announced as early as tomorrow morning.

This story is labelled as RARE as I haven't been able to confirm the gossip with representatives at Daniel Stewart.

For readers that don't recall what RARE is, here is the definition:

Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville.
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