Daniel Stewart Securities Not Planning Fund Raising >DAN.LN

22nd Jul 2010 08:41

LONDON (Dow Jones)--Daniel Stewart Securities PLC (DAN.LN), stockbroker and corporate finance adviser to smaller and medium-sized companies, said Thursday it isn't trying to raise new funds, adding that it continues to focus on international expansion which helped underpin a turnaround during the first quarter of the current period - with both April and May expected to be profitable. MAIN FACTS: -Daniel Stewart was responding to recent press speculation. -Company's balance sheet was recently strengthened by a GBP1.5 million cash injection from Brainspark PLC (BSP.LN). -Daniel Stewart has also raised further funds via a placing with staff in recent months. -Shares at 0735 GMT unchanged at 1.38 pence valuing the company at GBP7.02 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 22, 2010 03:41 ET (07:41 GMT)