Member Info for Reardon95

Umar has deactivated his instagram account…caught red handed!

It’s never ending!! Why don’t they just make a move and sort it out for themselves? I don’t get it…

Finley is really thinking outside the box.

Amazing to have a proper leader on board here. Look what a proper leader did to the RR share price.

Could be no different here. No point competing against SHEIN et al! Hopefully Trump put's a nail in their coffin and old weasel starmer follows suit.

https://retail-systems.com/rs/Debenhams_Sets_Sights_On_International_Expansion.php#:~:text=By%20Jonathan%20Easton%2023/09,expand%20its%20reach%20further%20afield.

Volume is starting to pick up here.

I agree some really poor decisions have been made over the last few years. However, let’s not underestimate how great a buy DEBS was at £55m. Huge opportunity to save all of our holdings here if this can be revived in to the force it once was!

Finley believes DEBS is easily worth £500m along. This is why Frasers have amassed a holding of nearly 30% here.

Interested to see Frasers moves from here. They won’t get their way on the cheap. They will need to put their hands deep in their pockets to get this!

Andy mears CEO thinks Deltex will be worth substantially more if the BOD decide to sell the company once de-listed. With the recent buys here and interest I think someone will come in for this company or there will be enough votes to stay listed. Either of those things occurring the SP will be worth many times the price today. This is why I am loading up.

I just grabbed another £4k worth

Double loss from Frasers! Time for them to make a move now!

I don’t think they will have enough. This is changing daily and there are a significant number of holders that will vote against.

What about the other 47%?

Super interesting here with 2 massive chunks being added!

Stubbs still up to 10% here now!

He's only got 18% Laura this is not a certi by any meams.

What makes you think that Laura?

He will lose out if this de-lists. Andy does think the company is worth significantly more. I still can't see this getting to 75% as big holders here are individuals and investment companies that will most certainly vote against like me.

Ste you didn't answer the question...I agree very competitive market that BOO finds themselves in. However, we have made circa £90m profit in the glory days. I am not doubting this business has potential but the losses are historically eye watering.

Matt Moulding thinks he is the best entrepreneur to walk this planet...Has this company ever made a profit?

Still here guys but awaiting the vote and presume Mahmud will keep his position then Frasers will elect their board member!

Probably limited news coming out of BOO until then. Yes I re-read the results I am just wondering how they will show the sub-let of the US and if we will have a decent income coming in from that. Moved quicker than ASOS to shut but we should have never ever opened it in hindsight.

DEBS smashing it currently with over 13k brands onboarded, that's over 10k brands onboarded this last year.

my reply to andy!

good morning andy,

i appreciate you have been with the company an awful long time, and i believe only you know the true intrinsic value of this company and carry invaluable years of expertise at deltex. i believe the timing of your departure to be a massive loss to the company. this is a period where revenue is growing, and the company is actually doing much better than previous years.

as a ceo of the company i agree that you shouldn't be travelling around the globe trying to sell the monitor yourself. instead, you should be training young, hungry and ambitious salespeople on lucrative packages if they manage to sell the new monitors and gain new business.

i appreciate what you are saying regarding the costs of being a listed company. however, that update yesterday without the cancellation would have certainly increased the share price. regular updates via rns would have increased the investor appetite here, the liquidity and in turn the share price. i believe a couple of £million would be needed to really drive marketing spend, reach and sales of the new monitor. for me this would have easily been achievable with a "rights issue" with the share price at a much higher price.

looking at the rns history, updates have been far too infrequent and sp****, and this has waned investor appetite.

even the rns of the below would have sparked some interest in the company.

https://www.deltexmedical.com/news/first-recorded-use-of-deltex-technology-in-gorillas/

you guys have been working hard and i have been watching your updates with interest via linkedin.

to think if there was an rns "deltex is in advanced discussions with the nhs with a contract for a new monitor"

what that would have done to the share price!

please re-consider the cancellation and you stepping down. i think the cancelation is unlikely to happen needing 75% of shareholders to approve.

but the announcement has clearly decimated the current share price.

it is also clear that many of the employees have been at the company for decades. most likely on "legacy packages" when the company was much larger and had much more capital than it does now. disposing of some of these employees to lower head count/costs would again be favourable to deltex.

not to late to turn this ship around!

all the best

Return email from Andy Mears.

Thanks for your e-mail.

I’m essentially retiring, although I’m not 100% convinced that’s the right term as it makes me sound old! I joined Deltex as an jnr. engineer in 1989 so this is my 36 year in the company, with the past 7 years as CEO. Those 7 years have been very challenging, especially during-and post-Covid. I’m at the stage in my life where my kids have all left home, my job is very stressful and involves extensive travel. As I get older this is much harder to do, as well as knowing I’m leaving my wife on her own for up to 2 weeks at a time. My future plans therefore involve me spending a lot more time with my wife.

I can tell you that I am 100% committed to Deltex and I have already said that, if needed, they can use me as free consultancy. I need the business to be successful having spent 36 years of my life fully committed to it.

Whilst some investors may see de-listing as a problem, for Deltex it absolutely makes sense. The costs we incur in being listed on AIM equate to over £200k p.a. (c 10% of revenues) and we get very little benefit. There is no liquidity and the share price and market cap do not reflect the value of the business. Whilst not ideal, for the long-term investor a much better option now as it will be easier to sell the company at some point in the future (if the Board decides that’s the best option) and at a much higher price.

Best regards,

Andy