Daniel Stewart wields the axe

There is more gloomy news from London's small cap stockbroking industry.

I hear Daniel Stewart, which has seen its shares suspended, has this week begun a major cull, possibly about a third of its work force.

Rob Terry said to be unwilling to back £2 million Imaginatik fundraising

Controversial businessman Rob Terry doesn't plan to participate in Imaginatik's £2 million cash call.

Readers will remember that last week I broke the story about how AIM-listed tiddler Imaginatik was plotting a £2 million fundraising via a placing and open offer.

Imaginatik said to be working on £2 million equity fundraising

Imaginatik, in which controversial businessman Rob Terry has been re-building a substantial stake, is preparing a £2 million equity fundraising.

City sources told little old Betaville that Finn Cap, Imaginatik's brokers, is working on a plan to raise £1.5 million via a placing and £500,000 via an open offer to investors.

Rob Terry said to up stake in Imaginatik; may try to get to 29pc, oust chairman or eventually bid - part 2

I see Quob Park Estate, Rob Terry's investment vehicle, has this morning confirmed by tale from yesterday, disclosing on the RNS that he now owns 8.67pc of software consulting company Imaginatik. Here is the link:

http://www.investegate.co.uk/imaginatik-plc--imtk-/rns/holding-s--in-company/201604270904094898W/

I would keep an eye on this situation as I would expect it to get quite fruity...

Rob Terry said to up stake in Imaginatik; may try to get to 29pc, oust chairman or eventually bid

Rob Terry is boosting his stake in Imaginatik, the AIM-listed "full service innovation company" (whatever that means).

For readers that don't recall, I revealed a few weeks ago that the controversial businessman and founder of Quindell started to re-build a stake, via his vehicle Quob Park Estate vehicle, in Imaginatik. Here is the link:

Quelle Surprise: Rob Terry confirms he is rebuilding stake in Imaginatik

Oh look - I see my Rob Terry's outfit Quob Park Estate put a statement out last night after the market closed. The statement says his outfit now owns just over 5pc of Imaginatik, effectively confirming my tale from earlier in the week.

Here are links to the statement and my market report piece:

Here is another surprise - Rob Terry buys stake in Imaginatik - part 3

Good to see Imaginatik finally confirm that Rob Terry's investment vehicle now owns 3pc of the company.

Readers might recall I revealed last Friday that Quob Park Estate had been building a shareholding in Imaginatik.

Here is another surprise - Rob Terry buys stake in Imaginatik - part 2

Imaginatik has leapt another 35pc this morning to trade up at almost 8p.

Here is what the company said this morning following my story from last week:

Now this is a surprise - Rob Terry buys massive stake in Daniel Stewart - part 5

Readers might recall that Daniel Stewart, the well-known City stockbroker, said yesterday it didn't know what was behind the recent share price gain of almost 50pc in the last week.

However, I have just picked up on the grapevine that Rob Terry - the former boss of Quindell and now one of Daniel Stewart's largest shareholders - was seen at the stockbroker's offices yesterday, having a meeting with chairman Peter Shea.