Deltex Medical Share Discussion Threads

[arf dysg] 20/1/2017 19:15

gnnmartin (8573)

"placing was for 27,875,000 shares, and the open offer raised a further 10,693,408 shares. See the RNS of 3 Feb 2016."

Thank you, yes I did eventually get there.

To be precise, on the 3rd of Feb they said that there would be a placing of 27,875,000 shares and an open offer. Nearly 3 weeks later, on the 23rd of Feb, they said that the open offer had resulted in 10,693,408 more shares.

P.S. "Arf" not "Alf" :)

[bigt20] 20/1/2017 18:57

ramnik00719 Jan '17 - 12:28 - 8562 of 8578
Sp back to square one!

--> Well you got your 30 US platform accounts........good things come to those who wait.

[bigt20] 20/1/2017 18:56

gnnmartin20 Jan '17 - 17:48 - 8573 of 8577 0 0
Alf, there was a placing and open offer in Feb 2016. The placing was for 27,875,000 shares, and the open offer raised a further 10,693,408 shares. See the RNS of 3 Feb 2016.


--> Dont forget the potential impact of the Convertible Loan Notes.

[bigt20] 20/1/2017 18:53

February 30th20 Jan '17 - 16:52 - 8572 of 8576 0 0
Ewan was dismissive about the impact of currency strengths and weaknesses, in a fairly recent video.

--> A weakening £: US $ hurts us in £ until the US$ Revenues exceed US$ costs.

Both figures result in higher £'s when translated. So when costs are bigger than revenues the £ loss is bigger and when US Revenues are bigger than US costs the surplus is bigger when translated into £s in our UK accounts.

So when Ewan was dismissive about it, I suspect that he is going to increase our US costs with our US revenues, e.g., more clinical suppport staff and more sales staff.

Enjoy!

[bigt20] 20/1/2017 18:45

Arf Dysg20 Jan '17 - 16:49 - 8571 of 8575 0 0


(8570) Yes, if we are sinking money into the USA, we want a weak dollar. The moment we make a profit in the USA, we want the dollar to go through the roof.

--> When we go into cashflow positive mode in the USA we do NOT want the £1:US$ to go through the roof from say £1 : US$ 1.22 to say £1 : US$ 1.50 or more.

We get more £ in our UK accounts if we get less US dollar to the pound.

[bigt20] 20/1/2017 18:41

Arf Dysg20 Jan '17 - 16:49 - 8571 of 8573


(8569) I haven't kept a running total of the number of options. At least with shares issued, the company has to tell us how many there are. I don't think the law requires them to state the number of outstanding options. Anyone else know about this?


---> I plan to look into the law etc. regarding certain things as I was disgusted that last years Annual Report did not contain information that they usually include;

a) The detailed listing of the options was reduced

b) The listing of the directors shareholding was cut out. Although it was shown in a RNS. That doesnt help potential shareholders as the usual place to look is the last Annual Report.

c) Note 26 on page 51 of the 2015 Annual Report stated:

26 Related party transactions
The following transactions were carried out with related parties:

Key management compensation
In 2014 there was a misinterpretation of Key management as defined by IAS 24 ‘related party transactions’. Key management are the Deltex Medical Group board. The 2014 disclosures have been restated to reflect this.

Thats after I asked an awkard question at the 2014 AGM about what turned out to be loans to employees.






Statute law, Statutory Instruments and accounting Standards should set out the minimum disclosure and it shouldnt be seen to be the maximum if a company wants to have good governance and seen to be transparent.

[youwontripmeoffagain] 20/1/2017 18:32

Is The Count still in these ?

[gnnmartin] 20/1/2017 17:48

Alf, there was a placing and open offer in Feb 2016. The placing was for 27,875,000 shares, and the open offer raised a further 10,693,408 shares. See the RNS of 3 Feb 2016.

[february 30th] 20/1/2017 16:52

Ewan was dismissive about the impact of currency strengths and weaknesses, in a fairly recent video.

[arf dysg] 20/1/2017 16:49

BigT20,

Status Quo at the inauguration? Ha ha ha. I can't see any mention of them.

Maybe they should sing "Margarita Time", appropriate as one would need a few stiff drinks to cope with the inauguration.


(8569) I haven't kept a running total of the number of options. At least with shares issued, the company has to tell us how many there are. I don't think the law requires them to state the number of outstanding options. Anyone else know about this?

(8570) Yes, if we are sinking money into the USA, we want a weak dollar. The moment we make a profit in the USA, we want the dollar to go through the roof.

[bigt20] 20/1/2017 16:29

supernumerary19 Jan '17 - 19:28 - 8567 of 8569 0 0
I'd be interested to see the effect of currency movements on the revenue figures. It must have been quite significant given the evolving shape of the business.

--> The £:US$ effects revenue and (US based) costs and is only beneficial once we make a surplus on the US operations.

[bigt20] 20/1/2017 16:27

Arf Dysg19 Jan '17 - 16:44 - 8565 of 8568

I look at the number of diluted shares, which includes the effect of the Convertibles, converting and the share options. I wonder how many share options were issued during 2016?

[bigt20] 20/1/2017 16:25

O/T
Arf Dysg19 Jan '17 - 14:31 - 8563 of 8567 0 0
Hooray! It's a buying opportunity!



This is almost repetitive enough that I could write the lyrics of Status Quo's next hit.

--> Are Staus Quo (with a stand in) playing at the inauguration?

[supernumerary] 19/1/2017 19:28

I'd be interested to see the effect of currency movements on the revenue figures. It must have been quite significant given the evolving shape of the business.

[arf dysg] 19/1/2017 17:17

Number of shares (year end) up to 285 million

Turnover per share down to 2.2 pence per share (2.8p/sh end of 2015)

Profit per share is more negative at end of 2015 (-1.59p/sh) than at end of 2014 (-1.40p/sh)

(end-of-2016 profit/loss figures will be available in the 2016 results, probably in March or April)

[arf dysg] 19/1/2017 16:44

I have now collected all the RNS announcements from April 2015 to the present and I can get everything to join up with no gaps. Assuming that the most recent issue of shares was as in the announcement of July the 1st 2016, the number of shares at the end of the year 2016 was 284,935,182.

I'm going to look at some per-share quantities.

[arf dysg] 19/1/2017 15:16

Anyone know the current number of shares in issue?

I've got the latest announcement (from Deltex's web site) which says that on July the 1st, 2016, they issued 10,465,116 shares resulting in 284,935,182 shares.

Anyone know any different?


There are still gaps in the record, most recently between July the 28th, 2015 (result: 219,584,986 shares) and February the 23rd, 2016 (result: 258,153,394). Between those two there should be the issue of 39 million shares, but the announcement on the 2nd of Feb covers only 10.6 million. Anyone know where the other 30 million odd shares were announced?

[arf dysg] 19/1/2017 14:31

Hooray! It's a buying opportunity!



This is almost repetitive enough that I could write the lyrics of Status Quo's next hit.

[ramnik007] 19/1/2017 12:28

Sp back to square one!

[arf dysg] 19/1/2017 12:14

BigT20, yes, now I look again I see that there was 0.2m of barter sales.

[bigt20] 19/1/2017 01:14

Just as I side point, I find interesting that 65 out of 152 Trusts (if i remember correctly) had bed blocker / A&E issues.

So 87 trusts were capable of handling the situation.

[bigt20] 19/1/2017 01:10

amt

Debt - they already have convertibles and an invoice discount facility.

As for cashflow - it would be good if they could stabilise the situation with the NHS. The first three months of the calender year (Jan - Mar) is when the NHS feels the financial squeeze most as they approach the end of their financial year.

[amt] 18/1/2017 21:12

Not convinced they will need to raise anymore cash as uk sales stable and US sales probanly 3.5m this year. Perhaps 500k in worst case. Why dont they borrow money as interest rates are low.

[bigt20] 18/1/2017 19:36

Arf Dysg18 Jan '17 - 19:19 - 8555 of 8556 0 0
I seem to have that 2015's turnover was GBP 6.4m, so 6.3m for 2016 is a decrease, not an increase.


---> Are you comparing apples with apples? Have you excluded the barter sales?
In FY 2015 I thought there was £0.2m of barter sales?

[bigt20] 18/1/2017 19:34

Cash outflow has traditionally been bigger in the first half of financial years.
So I look forward to seeing what happens, cashwise during the first half of 2017.

As for the UK invoice facility, I suspect it will only go up if UK sales start to pickup.

I wouldnt be surprised if we have a fundraising in the first half of 2017 (probably after the AGM.) but at least we are moving in the right direction and hopefully we can leave the NHS behind at some point.