The former CEO of Glen Dimplex, Sean O’Driscoll, has been making moves in the Irish stock market again, disclosed by recent public documents. He raised his shareholding in Datalex, in early July, from 5.31% to 6.11%, making his stake valued at €3.5 million, considering the current share price.
Moreover, he augmented his shares in the life sciences firm, Malin Corporation, augmenting his stake from 10.19% to 11.32%. Given Malin’s present share price of close to €5.40, this implies his shares are valued at about €12.4 million.
However, not all of O’Driscoll’s ventures have been successful. In 2021, he acquired shares in the luckless oil exploration company, Providence Resources, which subsequently rebranded to Barryroe Resources and was ultimately purchased privately by meat magnate Larry Goodman.
The impact of these ventures on O’Driscoll’s investments remains inconclusive, as he maintains a stern discretion over his financial dealings. For instance, the disclosure of his Providence stake only referred to “S O’Driscoll and R O’Riordan”, poised to be Sean O’Driscoll and his spouse, Rose O’Riordan. Nonetheless, upon the Business Post contacting O’Driscoll for confirmation, he bluntly dismissed any enquiries, simply stating, “You’ve got the wrong man.”
Limited details are accessible about his investments via his investment entity, Roaring Waters Limited. Recently published accounts show that as of December 2022, investments by O’Driscoll and O’Riordan amounted to €14 million and cash totaling €3.6 million.
£13.2 million of these investments were publicly traded shares, whereas the remaining £731,578 were privately held shares. The effects of O’Driscoll’s newest investments, along with Barryroe’s cessation as a publicly traded company, will only become clear in Roaring Waters’s succeeding set of financial reports.