Dawmed Systems Share Discussion Threads

[standish11] 05/12/2004 16:21

I have a small holding in this company but it hardly ever features in share mags,newspapers etc.SP appears becalmed with only occasional trades.Has anybody any news?

[roger moore] 06/11/2004 10:42

i have never made a thread before but if you can see the chart on another web site you will see how good it looks the share is at the year low but this is due to almost 0 volume. new product (benchtop) is finally out and the company is getting orders.you hear in the news all the time saying that people whilst in hospital are catching bugs well this is were these guys come in .the goverment will be investing in this area big time

[swiss paul] 05/11/2004 20:40

rog - can you load any charts on this

[roger moore] 15/10/2004 17:44

hello hello heloooo any body trade this share average is 0 trade per day i was the only one to buy the other day lol *dances in the empty trade room* when the news does come the share should move quickly but untill then i will read my paper(why am i talking to myself)????????????

[roger moore] 01/10/2004 17:46

this share keeps ticking down it needs news but once i think its hit a bottom im in

[chaweewan] 03/9/2004 10:31

Again the price goes down without any noticeable trade

[chaweewan] 21/6/2004 14:27

I wish I had kept my toe to myself!

[outsider] 26/4/2003 00:49

Good luck with your purchase.

I had a chat with the company this morning & SARS will not have any material effect on sales.

I think this company will be a lot more exciting next year after the bench top has been launched.

[slightlycynical] 25/4/2003 10:36

Given SARS concerns, I've just been doing a little bit of DD on the whole decontamination area. I've had some BQE for a while, but also came up with another UK quoted stock - DSY.L DawMed Systems, which supplies washer-disinfectors to the NHS (and has an export business). www.dawmed.com . Market cap only £3.7m

Interestingly, they have a particular widget that disinfects endoscopes (which includes the subcategory of bronchoscopes).

Found some interesting stuff on this, including some Canada SARS anti-infection advice (inc disinefecting endoscopes) - - basically saying that endoscopes, anaesthesia etc gear need v good disinfection in SARS-affected hospitals.

There's a bunch of stuff from the NHS about disinfection etc. - apparently the govt is in the midst of spending £200m on upgrading decontamination of surgical instruments by the end of the year - see the most recent PDF report listed at
Apparently DSY has a large mkt share of NHS washer-disinfectors

Up until now, disinfection seems to have been focused on worries about vCJD transmission in hospitals, but obviously SARS may give another impetus.

Company was formerly on OFEX, transferred to AIM Oct 02. Interestingly, had a share issue on April 14th @25p. 80% owned by mgmt / large investors according to the last RNS. Turnover up 61% year to Sep 02, marginally profitable

Haven't got Ann Rep so difficult to judge ongoing SGA costs - but didn't change that much from FY2001 - FY2002 despite turnover increase, while gross margin improved. Quote from last results: Overheads increased from the previous year by 32%, following investment in personnel in sales and service functions, together with the associated costs of acquiring additional factory premises to provide facilities for future expansion. Taking out the £100k they give for AIM quote in their Oct 02 RNS brings that down to 21%

If I hypothesise 35% turnover rise to £5m, gross margin of 34%, then gross profit £1.7m. If overheads rise again by 20% from last year (complete guess on my part) then could see £200-300k pre-tax profit; if that figure is 10% then £300-£400k, vs. current market cap £3.7m. Obviously without speaking to the co or drilling into the figures these are speculative, but there seems to be upside potential to me.

Dipped my toe in this morning.

Any thoughts?