Deltex Medical Share Discussion Threads

[myosite] 18/5/2019 15:59

Mrc2u
Any news?

[nobbygnome] 18/5/2019 15:31

Yes more than happy to cut non execs. Not sure what any of them do!

[schloo] 18/5/2019 15:25

Nobby

The suggestion was to give him one more year. That will make it over 30 years as chair which really ought to be enough for anyone to make a go of it

Take it you have no objections to cutting a couple of non-execs who don't appear to add any value and are certainly not friends of PIs?

[nobbygnome] 18/5/2019 07:41

I am definitely not in favour of Nigel going. In a time of big changes he is the continuity factor.

[mrc2u] 17/5/2019 19:22

ArfAny view on the excessive non-exec excess? Would thinning them out dilute them? Or would it make them more concentrated?MrC

[arf dysg] 17/5/2019 16:54

mrC2u, you raise a relevant point. An alternative hypothesis would be that the blood, and indeed the procedure, would leave a very bitter taste.

Culinary lore is that dilution weakens any taste, but in this case I think that dilution would only make the bitterness more intense.

[nobbygnome] 17/5/2019 16:06

Why do you think there will be an RNS? It was an employee not a director so as it's not a dsiclosable stake, we will hear nothing!

[gbenson1] 17/5/2019 15:58

Oh well there it is, the 1 trade, RNS Mon as to who bought almost 11,000,000 share option earlier in the week.

[mrc2u] 17/5/2019 15:45

Does blood lose its flavour after a while? Thought that was why you hung meat

[arf dysg] 17/5/2019 15:40

mrC2u (9936): Why aren’t they called vampire investors since they are always calling for fresh blood


It would be worse if they were trying to get blood out of a dead body. That would be more difficult, and probably totally tasteless.

[mrc2u] 17/5/2019 14:46

Gosh indeed!When you put it succinctly like that I feel like one of those activist shareholdersWhy aren't they called vampire investors since they are always calling for fresh bloodAnyway this is about them not me and I think it is time for a clear outAnd to cut the lawnMrC

[schloo] 17/5/2019 11:21

MrC

Gosh: interesting

Are you basically saying we should only keep one of them beyond this time next year and start the clear-out straight away? Would you want Nigel Keen to stay on board after he stepped down as chair next year? Might be better if he did to reduce risk of him selling

Suspect it is too late for such a radical overhaul right now given AGM next week and you clearly have taken a personal aversion to Mr Cazalet! Would all be forgiven if he bought, say, £50,000 or more shares in the market?

Schloo

[mrc2u] 17/5/2019 11:03

BigTAfraid I can not get to London for the AGMOn the non-execs and purely to get the ball rolling1. Nigel Keen. Chair & largest shareholder. Been there far too long and got through over a handful of CEOs while seeing shares collapse. But at least he keeps buying shares so no great upside in taking risk of replacing him and causing a massive overhang if he sold in a grump2. Sir Duncan Nichol. Been on board far too long and is getting on a bit. But he has run NHS and must still be well connected even though the UK business is barely relevant. On balance there is a minimal case to keep him3. Mark Wippell. Retired lawyer with no other non-exec roles that I can see and has never run a business. Up for re-election this time. Can't imagine why and we would better off without him4. Chris Jones. Younger with large & small sector experience including marketing and American as well. Got to be a keeper if he is any good5. Julian Cazalet. On board for donkeys years. Long time retired stockbroker so in thrall to big institutions when company is owned and has been kept going by private investors. Chair of audit committee so instrumental in decision to waste management time changing to a low grade auditor. As rich as Midas but has not bought any shares for ages so clearly doesn't support the 'new' strategy. Was unpleasantly arrogant at EGM last year and borderline offensive to one shareholder who wanted to read out a statement. No idea what good he has done or could do. Would definitely be voting against if up for re-election this time but sadly isn'tSo, I would get rid of Cazalet and Wippell now, find a replacement for Nichol ASAP, think about announcing that Jones will take over as Chair at 2020 AGM and give Keen a year to get the price up to a level where he makes a stack of cash for himself and the rest of us recover most of our losses or make a bitWhy now? Because DEMG is cash positive, profitable and worth at least twice its current market value

[arf dysg] 17/5/2019 10:01

schloo (9929): one NED for every £1m of sales looks extravagant [...] get rid of two of them just to show that they are all in it together

Hear, hear!

[arf dysg] 17/5/2019 09:57

mrC2u (9928) "Mr Keen also has four other non-executive directors to keep eight additional eyes on things"


Most spiders have eight eyes each. I infer that Mr. Keen is pleased to have the assistance of four NEDs who happen to be spiders.

The advantages of spiders are that they can creep into tiny corners inaccessible to other mortals (for example, fat auditors) and can sense vibrations, giving them advance warning of dangers or opportunities.

Also, spiders can dance on the ceiling.

[bigt20] 16/5/2019 16:52

mrC2u 16 May '19 - 12:16 - 9928 of 9930

Interesting comment worthy of consideration.

Are you going to the AGM.?

[janatha] 16/5/2019 15:18

Assume it it John Reilly topping up. Long may he continue. Would be interested to know who has been doing the selling over the last few weeks. Would be great to break through recent high of 1.6p.

[schloo] 16/5/2019 13:18

MrC

I agree that one NED for every £1m of sales looks extravagant and that, if was right to reduce employee headcount by 40%, then they should certainly get rid of two of them just to show that they are all in it together

But which ones? Found your comment too cryptic and have no idea what a lifestyle passenger is

[mrc2u] 16/5/2019 12:16

BigTQuite. Mr Keen also has four other non-executive directors to keep eight additional eyes on thingsWhich I suppose is a good thing but I am disappointed that they are not reducing from 5 non-execs to 3 at AGM. This would fit the reduced cost base and I have always thought at least two of them were lifestyle passengers who are never going to add any valueMrC

[bigt20] 16/5/2019 11:19

Nobbygnome 14 May '19 - 09:52 - 9908 of 9926

From my discussions with Andy, there is no doubt in my mind that the company is sustainably cash flow positive.

---> May be the foundation for a better future and a upward moving share price!

[bigt20] 16/5/2019 11:12

mrC2u
15 May '19 - 15:24 - 9924 of 9925

Nigel Keen has ethical standards....while Asil Nadir (the man behind Polly Peck) was sent to jail.

[janatha] 16/5/2019 10:24

Here we go, guys!

[mrc2u] 15/5/2019 15:24

Polly Peck directors buying was actually a good sign Polly Peck collapsing later was also a sign, just a bad one

[elcapital2018] 15/5/2019 13:35

no its not! polly peck directors bought


gbenson113 May '19 - 07:31 - 9894 of 9922
0 0 0
More good news, 10,000,000+ share options bought, is this Nigel Keen taking his holding to approx 15.5% of the company? Always a good sign when a Director buys into his company.

[gbenson1] 15/5/2019 11:37

Unfortunately DEMG usually need a load of ask bids or heavy volume before the Sp moves up, its a mm thing!! Patience required..