The Dragons' Den reject who made a £400,000 killing

mc_squared · 10-10-2010, 09:04 AM

The Dragons' Den reject who made a £400,000 killing

By Mail On Sunday Reporter
Last updated at 8:38 AM on 10th October 2010

He was dropped as a Dragons’ Den panellist three years ago. But now he has made a business killing to rival anything achieved by the programme’s contestants.
Richard Farleigh earned an astonishing £400,000 profit on a £200,000 loan – in three months.
The deal is the latest coup for Mr Farleigh, the son of an Australian sheep-shearer who has made a £50 million fortune through astute investments.

Midas touch: Richard Farleigh with wife Camilla

The 49-year-old first featured on Dragons’ Den, the BBC show in which entrepreneurs pitch their ideas to a group of multi-millionaires, in 2006.
He was dropped 12 months later and was then replaced by venture capitalist James Caan.
Mr Farleigh made his profit out of Oxonica, a nanotechnology firm. Last spring, the company’s directors realised they needed an emergency injection of money to avoid administration. Mr Farleigh, who chairs the company, agreed to hand over the sum – but only after negotiating a ‘redemption premium’ of double his loan.
The company was so desperate that it agreed. When it then managed to sell a subsidiary to an American company in August, it was able to repay his money with a 200 per cent profit.
Asked if this was an example to Dragons’ Den contestants, Mr Farleigh said: ‘A gambler who wins just because he picked red is not necessarily clever. So a person’s investment acumen needs to be judged over a period of time.’

Read more: http://www.dailymail.co.uk/news/arti...#ixzz11wPSyH5K

busybeeburns · 10-10-2010, 09:41 AM

I suppose we could all create sites like wonga.com and charge 2500% interest rates, if we had enough capital in the first place.

Reilly · 10-10-2010, 04:08 PM

What kind of an article is this?

If Duncan Bannatyne only pulled in £400,000 for a quarter he'd be balling his eyes out.

Farleigh was the only decent human being to feature on that program (With maybe Rachel Elnaugh) and that was his problem- he was too nice. The producers didn't want that, they want a **** like James Caan who can stroke his beard all day talking absolute nonsense in full awareness that he's playing with business people's emotions like a cat plays with a mouse- and then doesn't invest, or invests with some fucking shark deal like "If you make me 10 billion pound in the first year then I'll give you the extra £7,000 that you deserve

".

10-10-2010, 09:04 AM	#1
mc_squared Banned Join Date: Apr 2003 Posts: 67,519 My Mood: Location: Wherever life takes me Gender: Country: Chat posts: 0 Thanks given: 0 Thanked 4 Times in 4 Posts	The Dragons' Den reject who made a £400,000 killing The Dragons' Den reject who made a £400,000 killing By Mail On Sunday Reporter Last updated at 8:38 AM on 10th October 2010 Comments (0) Add to My Stories He was dropped as a Dragons’ Den panellist three years ago. But now he has made a business killing to rival anything achieved by the programme’s contestants. Richard Farleigh earned an astonishing £400,000 profit on a £200,000 loan – in three months. The deal is the latest coup for Mr Farleigh, the son of an Australian sheep-shearer who has made a £50 million fortune through astute investments. Midas touch: Richard Farleigh with wife Camilla The 49-year-old first featured on Dragons’ Den, the BBC show in which entrepreneurs pitch their ideas to a group of multi-millionaires, in 2006. He was dropped 12 months later and was then replaced by venture capitalist James Caan. Mr Farleigh made his profit out of Oxonica, a nanotechnology firm. Last spring, the company’s directors realised they needed an emergency injection of money to avoid administration. Mr Farleigh, who chairs the company, agreed to hand over the sum – but only after negotiating a ‘redemption premium’ of double his loan. The company was so desperate that it agreed. When it then managed to sell a subsidiary to an American company in August, it was able to repay his money with a 200 per cent profit. Asked if this was an example to Dragons’ Den contestants, Mr Farleigh said: ‘A gambler who wins just because he picked red is not necessarily clever. So a person’s investment acumen needs to be judged over a period of time.’ Read more: http://www.dailymail.co.uk/news/arti...#ixzz11wPSyH5K __________________ LIFE ISN'T MEANT TO BE TAKEN SERIOUSLY Be yourself, no matter what anyone else thinks. Work to live - don't live to work...................... Age is purely a state of mind! Don't waste your time on jealousy. Success is a journey, NOT a destination. Life is a marathon, NOT a sprint! http://www.generationterrorists.com/...sunscreen.html

10-10-2010, 09:41 AM	#2
busybeeburns mr coldplaying himself Join Date: Sep 2002 Posts: 46,331 My Mood: Location: test Gender: Country: Seen CP: 20 times Fav. CP album: X&Y Fav. CP song: GPASUYF Fav. CP member: Chat posts: 4 Thanks given: 1,547 Thanked 933 Times in 419 Posts	I suppose we could all create sites like wonga.com and charge 2500% interest rates, if we had enough capital in the first place. __________________ The early bird catches the worm. The second mouse gets the cheese!

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10-10-2010, 04:08 PM	#3
Reilly District 9er Badazz!11111 Join Date: Mar 2003 Posts: 35,989 Chat posts: 61 Thanks given: 45 Thanked 336 Times in 192 Posts	What kind of an article is this? If Duncan Bannatyne only pulled in £400,000 for a quarter he'd be balling his eyes out. Farleigh was the only decent human being to feature on that program (With maybe Rachel Elnaugh) and that was his problem- he was too nice. The producers didn't want that, they want a **** like James Caan who can stroke his beard all day talking absolute nonsense in full awareness that he's playing with business people's emotions like a cat plays with a mouse- and then doesn't invest, or invests with some fucking shark deal like "If you make me 10 billion pound in the first year then I'll give you the extra £7,000 that you deserve ".