Derriston Cap. Share Discussion Threads

[fillipe] 03/1/2017 20:35

Buyers today, mainly paid 17.9p against the very close ask of 18p.
Sellers got 15p....better than the 13p bid.

That's how I read the majority of the L2 trades.

The numbers would change dramatically if the trades size and number were to become much larger, I think.

f

[zcaprd7] 03/1/2017 09:47

Spread is so massive here... What can one buy at?

[cpap man] 03/1/2017 07:45

Holding RNS [Hargreave Hale over 10%] from DERR

[zcaprd7] 30/12/2016 15:29

Yes. Probably going to be a bit of a roller coaster... First deal quite important as well.

[zcaprd7] 29/12/2016 17:34

Seems like it's under the radar then...

[zcaprd7] 29/12/2016 14:09

Former Dominos boss Stephen Hemsley and serial investor Nigel Wray are backing a new venture in medical technology that will list on the London stock market next week after raising £2.3m from investors.

The company, Derriston Capital, will float as a cash shell with the aim of making its first acquisition in the med-tech space three to six months after listing.

Mr Wray, known as the Buffett of Britain, and Mr Hemsley, who is chief executive of Unitedhealth Group, each have an 8pc stake in the business, having invested £200,000 apiece.

The new business is also backed by property investor Warren Todd, through his vehicle Courtney Investments, and Harry Hyman, founder of Primary Health Properties, a real estate investment trust focused on healthcare. Other big-name investors include Hargreave Hale, which as a 10pc slice in Derriston.

Derriston’s finance director, Rodger Sargent, said Derriston’s first purchase would be a company, rather than a product, to give it instant scale, staff, infrastructure and a distribution network in which it can pump other products into.

The strategy is to find medical devices that are already on the market, but which are under-invested and unloved by their parent companies.

Derriston will acquire them into the cash shell through a reverse-takeover, outsource areas such as manufacturing, and ramp up sales to drive volume growth and bring costs down.

“These products are basically non-core to giant med-tech companies,” explained Mr Sargent. “If you have a product with X turnover, and others with 500 times X, you won’t focus on the smaller ones. But we can take those, give them some love and attention and greatly increase the distribution and sales.”

He said there was a growing market in the med-tech space for devices which are perhaps not the very best, but acceptable, lower-cost solutions for health authorities around the world which are coming under increasing strain from burgeoning and ageing populations.

“We have had a decent look around and nothing is definite yet but we have a wish list of companies we are interested in,” said Mr Sargent.

“Where we think we can really generate decent returns is getting into a particular genre or niche, be it by the technology type or the geographic region. The key will be forming relationships with distributors or clinics and sell a number of different products into the same distribution network. That is where operational gearing will come from.”

After the first acquisition, Derriston might consider moving to an Aim-listing, which would allow it to raise money through the tax-efficient Enterprise Investment Scheme as it looks to expand its portfolio and tap investors for more cash.

The shares will list on December 29.

!FOLLOWFEED

[dil] 13/7/2001 12:07

CAT : have a look at IFTE then give me a ring

Dil

[cat] 12/7/2001 08:12

yep - even though you aint got a name yet.....we all know how good you are at thinking up new names.... Congrats!

how about Small Child Stops you Winning

[dil] 11/7/2001 20:39

Many congrats and best wishes to all three of you ;-)

Dil

[dil] 30/6/2001 20:59

Hormones seem to be back to normal now CAT :-)

[rally] 19/6/2001 07:53

Dil

Take a look at the chart, it makes sense honest, may be a little illiquid though !!

:-))

R

[dil] 18/6/2001 17:48

Not me rally , already got three and thats enough.

That Birmingham thread , sure your not having a fourth ??? :-)

Dil

[rally] 18/6/2001 17:44

Dil

She will need a good psychiatrist, shortly after getting one you will need to see him as well. She will never be the same again, unstable, you will need a mistress or a new sheep to keep you happy.

You will have to get used to being the least important object in the house for several years, you will have sleepless nights etc..

One tip, make sure she breast feeds otherwise you may as well trade Tokyo. Plus if you are thirsty in the night its on tap.
(sorry nearly said bleet feeds)

R

:-))

I've been through this three times aaarrrggghhh......

[dil] 18/6/2001 17:27

...except the back page ;-)

Dil

[chester] 05/6/2001 00:44

seapainter - very good. I did laugh.

[seapainter] 05/6/2001 00:21

A man comes across a genies bottle on the beach and rubs it. A genie appears to grant the man 3 wishes. First the man asks for a million dollars. The genie grants his wish. The the man says that he has always wanted to be as smart as a rocket scientist and the genie grants his wish.
The man thinks long and hard about his third wish and then say," I have always wanted to go to Hawaii, but I am afraid to fly and I am afraid of sailing. Could you build a bridge from here to Hawaii?"

The genie looks at the man, " Are you crazy? Do you know how much material and time that will take?"

The man thinks again and says, " Then my last wish is to understand how women think."


"Would you like that bridge two lane or four?"

[seapainter] 04/6/2001 13:29

thought I might be in trouble from the girls on this board :-) only meant as fun .

Dave.

[scripophilist] 04/6/2001 08:46

We appear to have had several board room disputes already but they are not connected to the finance director yet so the company is still on track.

[the hound] 04/6/2001 07:37

Scripto

The trouble with this type of investment is the return PA becomes increasingly poorer as the years wear on, eventually you will have to keep topping up the funding just to maintain your present level of investment. Then one day, there will be a volatile management buyout and you will be left with nothing.

But at least you will get your weekends back.

Hound

[cat] 04/6/2001 00:14

Run out of tissues and baby oil yet Dil?

[mr euro] 04/6/2001 00:07

Not half as much as a divorce does :-(

[scripophilist] 03/6/2001 21:43

Well I "invested" four years ago and now that investment has matured into something worth more than money alone. I recently invested at the end of last year and now I'm told I've doubled even before my investment reaches the first stage so I'm well chuffed. I thought about becoming an accountant as I appear to have made 1+1=5