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DUC Ducat Ventures

0.055
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Ducat Ventures Investors - DUC

Ducat Ventures Investors - DUC

Share Name Share Symbol Market Stock Type
Ducat Ventures DUC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.055 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.055 0.055
more quote information »

Top Investor Posts

Top Posts
Posted at 02/8/2014 15:52 by alex1621
Don't really understand the hype ... the company [Duc] does not appear to make sales or profits, and the investors page for OptiBiotix is blank ... so no idea how it trades either? Caveat Emptor ... as they say in Romford Market!
Posted at 18/7/2014 09:41 by lazygun
very disappointting: and so much for him looking out for private shareholders interests:

I agree AIM is not perfect and to me the most important point is that Private Investors should get the same amount of information and briefings as institutional shareholders, the areas I would improve are the following:
1. If a Company has an institutional road show total transparency should be made available via that company's website the day of the meetings either by webcam / presentation or the brokers notes
2. Brokers notes should be readily available to all shareholders and prospective shareholders, the FCA have this rule about whether or not you are a professional investor or a private client investor and such certain research is not allowed to be published on a company's website, this is ridiculous if it has a health warning on it and non-recourse (buyer beware) why shouldn't this be available to all ? This is not just AIM but the whole market and the current rules. I feel sorry for private investors my analogy you invest in a business yet you are restricted on the published information which professionals have !! my analogy of this is that it is liking buying a first class ticket yet travelling economy !!
3. Regarding Placing's often the private shareholder is completely left out in the cold and its your company ! Any Placing's should have an element of an Open Offer or Rights attached – this has to be improved



note this 3rd comment...


so - consolidation of 200 : 1 shares.

from what i can work out, given the new shareprice he's talking about, that basically halves the value of our current investments in ducat, doesn't it?

directly flies in the face of his 3rd comment above....
Posted at 21/3/2014 12:35 by ukinvestorshow
will be appearing at the UK Investor Show, 5 April 2014 at the , Westminster. Company directors will be attending the show. Be sure to turn up and ask any questions you have. Also attending will be , author of The Darker Side of Blinkx, who will be revealing some material not previously seen elsewhere. All £50 Gold tickets are now sold out, but there are still some £10 tickets left, click the button below to get yours.
Posted at 28/3/2005 14:08 by jotoha1
Is this company for real.....making losses after losses and top guys pulling in 800K plus.....and they have Blue chip investors now...what is going down ? or more seriously ...is there some sort of game plan here????????????????
Posted at 18/1/2005 10:32 by adh0
From todays FT:

When Marcus Agius announced the acquisition of Panmure Gordon from WestLB one year ago, he promised it would dramatically enhance Lazard's UK business.

The chairman of Lazard in London was worried that his firm was missing opportunities because it was losing out to rivals who were able to use their in-house broking teams to win clients.

Mr Agius's choice of Panmure surprised many in the City.

It seemed to undermine Lazard's much-cherished boast that it was one of the last houses offering advice to companies that was not tainted by any conflicting relationships with institutional investors.

And Panmure seemed distinctly second division: most of its clients, such as Regent Inns and Partridge Fine Arts, are smaller or medium- sized companies.

Privately, even some of Mr Agius's colleagues were doubtful and were comforted by the knowledge that the purchase price, never disclosed, was tiny.

Mr Agius, however, was adamant that any conflicts could be ironed out, that owning a broker was essential and that Panmure was the one to own. Somewhat mysteriously, he has now changed his mind.

Lazard is trying to off-load Panmure by merging the 127-year-old broker with Durlacher, its smaller rival.

In the terms of the deal under discussion, Panmure would launch a reverse takeover of Durlacher to create a combined group with a market valuation of between £60m and £80m.

The new entity, which would have about 100 corporate broking clients with a focus on smaller companies, would then be relisted on the stock market.

Tim Linacre, Panmure's chief executive, and Richard Wyatt, chairman, are both expected to take up similar roles in the new entity.

The two bankers will also be sitting on a valuable amount of equity in Lazard, which filed with US regulators at the end of last year to raise $850m (£455m) in an initial public offering.

Lazard will be left holding 33 per cent of Panmure-Durlacher. One senior Lazard banker says: "We will have favoured-nation status with Panmure."

Lazard insiders staunchly defend their decision to sell Panmure. One corporate financier at the bank says: "There was an element of defensiveness when we bought it. At the time, we needed it. But this new option allows Panmure to gain access to capital and still have close ties with Lazard."

Panmure was never going to be included in the proposed flotation of Lazard. Instead, the broker had been pencilled in to become part of a separate vehicle called LFCM Holdings, which would hold all of Lazard's capital markets operations and its direct investment and fund management activities, excluding those in France. LFCM would remain privately owned by Lazard's working members.

With or without Panmure, Lazard has work to do in London, where it has been languishing low down in the investment banking league tables.
Posted at 20/10/2004 18:58 by quraishim
How many times they have had their begging bowl out?????Just cannot imagine just recently they collected £10 million approx from the investors and now the capitalisation is only £13 million approx.....If they have any ethics they should return all that money back to the investors.
Posted at 10/10/2004 11:41 by maut too
lol at your fashion sense and colour blindness dreamer old fruit ...I own no cheap suits - white or shiny - last time I attended an agm my wife tells me I wore a casual blue grey Italalian silk/linen suit that is the opposite to shiny ... crumpled maybe but that's the idea:-))



Bonus row rocks Durlacher board
Ben Laurance, Mail on Sunday
10 October 2004

HE controversy that led to the ousting of Durlacher chief executive Christopher Stainforth threatens to embroil non-executive directors of the mini-investment bank.


His departure last week was spurred by shareholder protests about extra payments of £392,000 shared between the Old Etonian and some of his colleagues.

The bonuses were paid for work they did when Durlacher asked investors for £10 million through a share issue last spring.

Investors were not told that part of the cash was going into executives' pockets.

The payments came to light last month when Durlacher issued results - though Stainforth had wanted them kept out of the profit-and-loss account.

Now, major shareholders are demanding to know exactly who approved the bonuses, and who knew that they had been made.

Durlacher refuses to discuss the affair and will not even confirm that Stainforth received part of the money, though he has admitted this himself and is thought to have pocketed £200,000.

But finance director David Liddell, who joined after the fundraising, told Financial Mail last week that he thought the payments had been approved by the three non-executive directors who make up the remuneration committee.

Insiders at the firm now say the payments were approved only 'informally' by the committee. It is not clear whether approval was given by the three members, or by only one or two directors.

And, astonishingly, one report says that the full board was not shown a record of the bonus payments, or of them having been approved. It was only recently, when directors were discussing drafts of Durlacher's figures for the first half of this year for release on September 23, that the full board learned of the bonus payments, according to a source.

At least two of Durlacher's biggest shareholders are now demanding more information about how the payments came to be made. 'It is a matter of principle,' said one of the fund managers* concerned.

The suggestion that the bonuses were approved by the remuneration committee has thrown the spotlight on Durlacher's three non-executive directors. The key figure is chairman Tony Caplin. He is paid £76,000 a year for his non-executive role and also chairs the committee.

The other non-executives who make up the committee are Tory MP Howard Flight and Jack Wigglesworth, former chairman of the Liffe exchange.

Documents last year gave Flight's pay as £25,000. When fund managers wanted to voice their concerns about Stainforth, Flight was their first point of contact. Wigglesworth, 63, is paid £75,000 for his part-time role.

Meanwhile, the position of high-profile socialite Zoe Appleyard, with Durlacher since 2002, is to be reviewed by the bank's new chief executive, Simon Hirst, who took over from Stainforth. Appleyard says she is working on a specific 'collaborative arrangement.'

Appleyard, 31 this week, resigned from Durlacher in June. Since then, she has been employed as a consultant with the firm. She received about £25,000 of the £392,000 spring bonuses. Appleyard said: 'I raised money for Durlacher for which I was remunerated under the terms of my contract'.

Durlacher has been in talks to forge an alliance with highly regarded biotech investment expert Jeremy Curnock Cook. He heads Bioscience Managers, which provides corporate finance advice and runs an investment fund.
Posted at 05/10/2004 18:23 by maut too
I think the shake up has been good overall and maybe impressed on the board they will have to start delivering in a meaninful way

Stainforth quits at Durlacher
5 October 2004, Daily Mail

CHRISTOPHER Stainforth, chief executive of broker Durlacher, has quit with 'immediate effect' after disgruntled investors called for his head.


His departure follows reports that criticised him and his appointment of socialite Zoe Appleyard, whom he recruited to line up corporate finance deals.

Shareholders are fed up that Stainforth has not cut costs as promised. His pay-off is likely to be around £500,000.

Director Simon Hirst takes over as chief executive, while his twin brother Julian takes over as head of corporate finance. The company refused to comment on the reshuffle.

Appleyard's lawyers say she resigned in June but remains a consultant to Durlacher.

Old Etonian Stainforth, who was accused of misleading investors during the Blue Arrow scandal of the late Eighties, joined the company in 2002 when it was worth just £4m and in danger of going bust.

The shares rose 8 1/2p to 78 1/2p on his resignation, valuing the group at £15m.
Posted at 05/10/2004 07:49 by maut too
October 05, 2004

Costs row claims Durlacher chief
By Caroline Merrell, Banking Correspondent Times



CHRISTOPHER Stainforth, the Old Etonian hired to rebuild Durlacher, the stockbroker, has left the company in a row about bonuses and costs.

Mr Stainforth, who was hired more than two years ago to rescue Durlacher in the aftermath of the dot-com crash, has been succeeded by Julian Hirst, who is a board director and head of corporate finance at the broking firm.



Although Mr Stainforth officially resigned, it is believed that he will receive a payoff in lieu of his one-year contract. His basic remuneration last year was £350,000.

Mr Stainforth, who in 1991 was acquitted after a year on trial during the Natwest-Blue Arrow scandal, is thought to have riled shareholders by not controlling costs. Investors are believed to have contacted Howard Flight, a nonexecutive board director and conservative MP, about this.

The situation came to a head on September 23, when Durlacher announced interim results that showed costs for the past six months were £4.3 million.

Tony Caplin, the broking firm's chairman, had told investors that costs for the entire year would only be about £6.5 million.

Shareholders, who were asked to provide additional funding of £10 million during the first half, are also annoyed that some of the money raised had been used to pay lucrative bonuses to Mr Stainforth and others, such as Zoe Appleyard, the broker's 30-year-old head of corporate finance.

The bonuses were approved by the remuneration committee headed by Mr Caplin.

Mr Stainforth's sudden departure comes after three years of turmoil at the top of the firm - one of the oldest names in the City of London.

During the dot-com boom, under previous management, the firm came within a whisker of entering the FTSE 100 index.

However, after the technology bubble burst, its value fell to just £3 million, and Mr Stainforth was recruited to return the broking firm to its roots, as an adviser to small and medium-sized companies.

The shares closed 12 per cent up yesterday at 78½p, valuing the company at £15 million.
Posted at 05/10/2004 07:47 by maut too
Durlacher replaces Stainforth in boardroom row over bonuses
By Katherine Griffiths in New York
05 October 2004


Durlacher, the boutique investment bank, replaced its chief executive Christopher Stainforth yesterday after a boardroom row about fees paid to Mr Stainforth and his allies within the company.

Relations have become strained between Mr Stainforth and some investors after it emerged that a small group of senior figures within the company received generous bonuses for working on Durlacher's £10m money raising in March.

Almost £400,000 went to about six individuals, including £200,000 that Mr Stainforth himself collected.

While the bonuses were approved by Durlacher's remuneration committee, they were frowned upon by investors, who challenged Mr Stainforth about them when he held meetings with major shareholders after announcing six-month results two weeks ago.

The payments were viewed to be part of a general escalation of expenses, according to some shareholders who were dismayed to see in the company's six-months results that annual costs were running at £8.7m. That overshot the £6.5m target which Durlacher had said it was aiming for.

Durlacher said in a statement that Mr Stainforth would be replaced by Simon Hirst, who was recruited by Mr Stainforth from Commerzbank in November 2002 to head the corporate finance business. Mr Hirst's twin, Julian, who also works for the company, will take over that role.

Mr Stainforth had created a mixed impression as the head of Durlacher, which he joined in April 2002 when the business was on the verge of running out of money.

Some said the company, which had earlier focused on investing in technology companies and whose fortunes had mirrored the boom and bust of the dot.com bubble, had been successfully returned to health by Mr Stainforth.

Others, however, said he had made some unpopular hiring choices and there has been general discontent at the level of executive salaries at a company which has only just begun to stem losses and break into profit.

Tony Caplin, the chairman of Durlacher, said: "The board would like to thank Christopher for his hard work since April 2002, during which time he has been instrumental in restructuring and refocusing the company." The company would not comment further on the change of management.

Mr Stainforth is no stranger to controversy. He worked at UBS Philips & Drew when the bank advised the employment agency Blue Arrow on a controversial £837m fund raising in the late 1980s. The deal was later investigated by the Department of Trade and Industry and a number of individuals were put on trial for allegedly trying to cover up to what extent the fund raising flopped. Mr Stainforth was acquitted.

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