I may be wrong but it is strikingly odd that DAN has been suspended – presumably because of failing to meet regulatory capital requirements.
After all – as most agree – stockbrokers know perfectly well that no or insufficient capital means no business. So I surmise that DAN is finished. However absurd the management of DAN have been (they have been very absurd), they have had months to confront the position into which they were sliding. Even the silliest management does not do nothing in such circumstances. So this means DAN have had the time and they have failed. I do not believe the problem lies in the accounts since a first week articled clerk could knock these out for a business as simple as DAN.
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Quindell (QPP)’s figures last week were regarded as inconclusive on the purchase case. I thought that there was nothing wrong with them at all. And this makes the shares a clear buy at under 120p.
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Imaginatik (IMTK) is now stranded in the wake of DAN’s impotence. It’s still a sell at 5p.
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Finally, I do not know what will happen at Totally (TLY) but one has to note that the board is getting stronger by the day. This does not happen to a lost cause. The price is now 35p offer and may well be worth a punt.