Tuesday 24 April 2012

Daniel Stewart DAN.LN Successfully Close a £9.63 Million Placing for IT Services Group Globo

Daniel Stewart the Pan Euro-Asia brokerage and investment banking group, continue to outshine their London rivals with another fantastic placing for Globo, the software house and developer of the GoEnterprise server system. DS have raised £9.63 Million in a what is a tough period for the brokerage industry,
placing around 36.34 million shares issued to current and new institutional investors at 26.5 pence per share - a slight premium to yesterday's closing share price of 26.13 pence.

Daniel Stewart is one of the few London brokers to recently turn in a profit. The company has steadily been building up its global network that has focused strongly on developing its sales presence in the Middle East and Asia.

This is a strategy that is clearly paying off for the group.