|International Medical Devices
||EPS - Basic
||Market Cap (m)
Real-Time news about Intl.Medical (London Stock Exchange): 0 recent articles
|ged5: Market cap 2.92M
Turnover up 22% to 6.18M for the half year.
Gross profit up 27.6% to 2.478M for the half year
Operating profit up 21% to .5M
Forecast yearly profit of .6M after a 1.273m exceptional charge
Well that's enough bullishness, it might induce even more stupid selling and perhaps a reduction in the share price.
Have a good summer all. See you in October when perhaps the market will have come to its senses.|
|pomp circumstance: from what i understood a rights issue wasnt on the cards.
But nothing that wasnt public domain was said.
From another source I understood the takeover was a RTO and was to be funded by a mixture of equity and debt at a considerably higher price than the current share price However it fell thru due to problems out of the hands of the company even tho both parties were keen to progress the transaction!
But this is AIM and the share price is dropping at a disturning rate so who knows what is truth and what is hype.
On published figures they look to be undervalued and oversold!|
|james t kirk: Strangely the mm's have marked up share price very slightly, so hopefully good news is immenent.|
|pomp circumstance: I spoke with a director of the company, who said the million pound companies were too small now. Which i took to mean they were looknig at bigger companies.
Problem is that with the share price where it is anything a bit or more bigger than a million would be a merger or even a reverse.
However with a shareprice of say 5p, it would give plenty of scope for the acquisition of 4 or 5 million pound companies.
Indeed when the results came out 6 months ago the share price was 4p, the Mkt Cap was 12mil, so a 4 or 5million pound acquisition was probabbly well within their sights!|
|pomp circumstance: There is a seller indeed.
This often happens in build by acquisition companies as the lcok in period expires and the owners of the original business that was acquired cash in.
Especially if they have long since left or the overs of the orignal business were VCs. We see them selling at the bottom, however they may have been in the acquired business at a fraction of they are getting now.
You also find a falling share price can trigger fund selling as he mkt cap falls below the allowable level in a fund, and a change of fund manager can cause selling.|
|knowing: There have been many good AIM listed companies which have fallen from their highs.This one seesm to have a perpetual seller but is worth more than it's current share price.
The seller needs to be cleared and this will probably be done on the next piece of good news.Presently watching from the side with an idea of buying in when the signs show recovery.|
if there was a change in trading which was materially different from forecasts then they would have been obliged to issue an RNS. The fact that no trading statement was made either way (before close period), implies trading is inline with expectation which means its profitable.
Its the lack of substantive news for such a long period that is hitting the share price. Bored investors selling, and with no buyers the market makers drop down the price.
I am sure once the results are announced the price will bounce back very strongly.|
|martincoops: Anyone have any ideas on the result that are due next month. I have been looking through their full year results and would of thought that the turnover for the last 6 month would be in the region of £8.5 million and a profit before tax of around £750,000 or £425,000 after tax. If this is the case we could be looking at a full year profit of £1million which equals an eps of .3p per share. If we take a forward PE of 20 a fair share price would be around 6p for full year even if we take a forward pe of 15 we get 4.5p so as long as the profit targets are reached then this share is well and truly a bargin at current prices.
Only 6 weeks to go for the results|
in 2005 and 2006 they announced the interims on the last day of May
its only last year issued them in late March
as for results being unspectacular, so long as they can produce respectable results (profitability), and higher than last year (£302,000 at the half way stage) then the current share price represents very good value... considering the price was far higher last year when they produced the £320k profit.|
|tricky1992000: nowt but positive stuff coming from this company, but the share price continues to bomb, what would help the share price?|
International Medical Devices share price data is direct from the London Stock Exchange