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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mediwatch | MDW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.875 | 5.875 |
| Top Posts |
|---|
Posted at 03/12/2013 09:48 by totally banjo I agree with you there hulk as in the 2 years time frame...that's what usually happens from my experience unless of course MDW 'the company' have more to offer and will get the backing from other investors if the current insti's/investors sell out. All depends on how the voting goes as in the next step. |
Posted at 18/11/2013 09:44 by troutisout Daniel, How have I brought in many investors? I do know of some that have invested in MDW and I may have mentioned it to them once they started to ask, but everyone makes their own investments off their own back. So I find your comments quite wrong. Over the past couple of years I have suggested to people that if they averaged down they would stand a better chance of breakeven, I know a couple of times I was referring to posters here, my example had a notional investor that had bought at 10p and I suggested that if they paid the same amount at 2.5p which was entirely possible then they would have an average of 4p (which at 2.5p would not have seemed so distant and unachievable), with today's offer which does look sealed in my mind (read the smallprint) a 4p average offers 50% profit. Now I am posting that I think the deal is done, because I know the shareholders that would have stood a chance of standing up to this are happy with just getting out. I have e-mailed several of them this morning and some have given acceptances already, the important part is some represent other Institutional investors and funds that hold MDW so their collective might is far greater than the 6% suggested. If the funds they represent also accept they will be on the verge of 50% and that will mean that Laborie have control. Yes that doesn't mean there can't be resistance and the scheme fought against, but think about what lays the other side? It is clear PS is up to his socks inside Laborie and the Bod have followed, the staff have been given some assurances and some of the funds can see their exit. If the scheme is blocked what exactly do you think will happen to MDW, I can't see anything positive happening and so think it is probably time to accept 'a bird in the hand is worth two in the bush'. Trout. PS p1nkfish, a trader? That has been locked into MDW for 8 years must be a longterm trader or not a very good one, LOL! |
Posted at 18/11/2013 09:35 by davidosh For me this is a very interesting case study in how the market works in small caps.Firstly as someone who heavily invests in small companies I find it important to know the dynamics of those running the company and also those who make up the shareholder register as ultimately the shareholders do have a vote in situations that develop like this. Secondly I am now interested in why the share price remained so low for years if the company was ultimately going to be worth at least double that share price and clearly many of you feel much more as a multiple ! Why were some of you not buying the shares and taking a greater percentage of the company to show your confidence and block any opportunistic bidding or at least improve the ultimate bid price ? NOTE... Spot the difference at Inditherm IDM where a number of private investors bought out nearly all the institutions and weak holders at around the same share price as MDW had been at for three years and now individual investors like you and me hold about 80% of the company. Three of us hold nearly 50% so if a Laborie want to negotiate they need to take us inside on the deal and not just the directors ! Thirdly....How many regular presentations have Mediwatch done for investors to get to know the company and allow any potential to be gradually realised in the company and ensuring the share price keeps up with any potential and so preventing a bid that disappoints long term holders ? Finally...How organised are you all if so visably disappointed ? What are you going to do and do you have more than the required number to block the scheme of arrangement ? You will need MORE THAN because the nominee accounts system works against you and so many will bleat loudly here but then never get round to doing everything required to activate their voting rights or hold spread bets and cannot directly vote or worse still the nominee holder never gets in touch with shareholders and sees the recommendation by the directors as the default option and votes the opposite way to your likely intentions !! A first step may be to at least establish how many shares your dissenting group will be holding but always remember that such holders are not locked in so may sell part or all of those holdings if they get a price close to the bid and see another opportunity in the market so that percentage can be fluid and you need a strong leader in any campaign. If you want to organise yourselves then you may want to read the many action group cases that ShareSoc the individual shareholder organisation has helped over the last three years www.sharesoc.org For those who are investors in companies I feel it is important to be a member of such an organisation and it only costs £35 a year to be a full member. For the record I am not writing this as a disinterested onlooker as I do hold shares in MDW and have done for two years but as noted earlier I have a very real interest in the wider small cap market and particularly in Inditherm which I see as a much better placed company in its market opportunity. |
Posted at 24/10/2013 10:54 by masurenguy Post #31598: "I don't even think we have seen a new poster on the thread since the possible offer was announced....don't investors want to make money?"I note that MDW may be subject to a bid but since this was announced last Friday there has only been a trading volume of circa 5.6m shares or around 4% of the total shares in issue - not exactly encouraging. Meanwhile the price is up 50% from its pre-announcement level which values the company at circa £5.3m. Consider the following: 1. Sales have been static at just over £10m for the past 4 years. 2. Profits have been declining from circa £400K to break even over that time. 3. Is there a cash pile - no there is net debt of over £1m What do investors really think this is worth ? At the current market cap, and adding the net debt, the enterprise value is circa £6.5m or 4.6p a share. I think that you would be doing well to get a serious bid at that level but if one does materialise I would expect it to be circa 30%/35% below that level. What directors or any institutional investors paid for their shares is irrelevant to the valuation today. The only relevance is whether they are prepared to take a current offer, write down any loss and move on or whether they really think that they can stick out for a better offer down the road in possibly two or three years time. Obviously that is a decision for them to make on an individual basis. I guess that it also depends on whether the directors are prepared to throw in the towel too and get what they can for a rather illiquid investment. At the moment there does not appear to be any other interested party. If that remains the case then it wont be positive for any offer price. I'm not really sure where barrywhit sees the opportunity for any new investors to make any money at this price. I think those that might have previously bought at circa 2.5p. I've looked at this in the past but could not see the investment case and did not invest here. I wish good luck to investors but I would be very surprised to see any offer materialise above 4p for this company. |
Posted at 19/10/2013 16:32 by davidosh I do not know anything about the board as a whole but they hold 27% or so of the company and probably have a few relatives and friends alongside too. I do not know the dynamics of which managers of the business would be keen to continue and who wants an exit...however it does concern me as a minority holder that there are no visible larger independent holders here.I do not see any institutional names nor large individual holders. Can anyone help me out if they know who we can depend on to rally support against a poorly timed lowball offer should it happen ? I am not saying it will happen but I have seen how large numbers of small holders with nominee holdings can be punished by failing to be organised and getting votes lost in the terrible nominee voting processes that some brokers and nominee companies adhere to. Just check the ShareSoc website (www.sharesoc.org) if you want to see some examples of how it works against smaller private investors using nominees. For the record and complete transparency my current holding is just below 1% and I suspect there will be quite a few decent sized individual investors here so prepare yourself to be organized if needed. |
Posted at 23/7/2013 22:38 by nick2008 BoD won't sell into market but the point I was trying to make earlier is that in case PS is going to leave in next 2-3 yrs then he will take pride when share price is higher than his own average bought from market. The BoD themselves will buy more as it goes up thereby supporting share price itself. Re: frustrations investors, well! The investors mentality is such that they won't sell on the way up. They may top slice but will hold, on the rise. They will sell over a period of time to invest elsewhere, by then the mgt / results will have proved themselves to get new investors at higher price as well. Trade sell out / acquisitions in - this depends on how fast the industry consolidates. Just because they tried to acquire some co doesn't mean others won't think of acquiring MDW. Finally US FDA / Chinese SFDA will just push this share price into outer space :-)As usual DYOR, Nick. |
Posted at 03/5/2013 16:22 by troutisout Dorset, you are in cloud cuckoo land!-Firstly why would a paid for note increase the SP? They didn't before and those were back in the boom times. -Why would anyone buy on the back of it, without other results/news? -I am still sent Edison's notes do I even read them? Only if I hold the Company -Why would they want to do a placing to increase costs they have just reduced? -Have you seen the volumes on the AIM market lately? Most shares are dead, where are these new investors coming from? -If these investors are silly enough to buy on the back of a paid for research note, how soon before they sell again? -Why wouldn't stale holders sell into the rise and therefore the rise stalls -Are you being a little bit simplistic? -Surely marketing their products is a far better way to use their resources than paid for broker notes? -You seem to be very worried about the lack of paid for broker notes, when at HAWK and many others that was usually the sign another fundraising was coming? -Paid for broker notes aren't worth it! -Now increased marketing of their new product range and a bigger stand at AUA are definitely great investments. -Doing a sales and training tour of the Far East and Europe with their new products definitely is. -Launching the Nano and relaunching the PSAwatch products in France definitely is a great use of resources. -Getting the French trial results published in the European Journal of Urology will definitely increase interest in PSAwatch. -There is another study due to be published in the BMJ from results supplied by the GFCT, this too will increase interest in PSAwatch. -These publications will be syndicated around the world, will your paid for broker note? -Publicity via financial press is more likely to bring in investors but you need to have a decent track record first. -There are other ways to increase awareness of the Company to potential investors but this can only be done through it's products and one in particular. You finish with, " Investors should not have to troll the internet, then their website, then bb's to try & find the info, it should be all in one document on their website of which everyone can read, not just the privileged few that can afford to pay for it." I thought if you are going to invest any money in a Company surely you would be prepared to pay for or do some of your own research. You wouldn't have to pay if you just asked your broker to request it from share price Angel, have you done that yet? After that last quote it's a wonder you don't want MDW to wipe your Rs too! |
Posted at 03/5/2013 15:19 by dorset64 troutisout 3 May'13 - 14:43 - 987 of 987Have a look at the recent history and tell me what they could possibly say to attract investors? We are giving you these forecasts but have missed our forecasts for the past 4 years? Actually everything is booming in the medical device sector? We have these new products but you wouldn't really understand what they do, because they are basically dealing with a boring, not talked about, area of medicine which deals with incontinence, waterworks and bowels? Can you see investors leaping at that? -------------------- Have to say I'm surprised you finally acknowledge the above as, as you say, on past performance what pi would invest in MDW.... not many. The point being it would appear that they are, at last seemingly turning the tide and given their poor past performance, why shouldn't they pay a few £k on a brand new note in order to get their story out there. You keep harping on about MDW being cash strapped & can only expand/R&D/increase output little by little as they are now being conservative with their cash. Surely it would be far better to raise the share price to, say 50/100% of where it is today, have a small fund raising and employ even more salesmen or create even more JV's than they have today. In the years to come a small fundraising now at say 5 or 6p would seem nothing if they could double or treble their output within 3-5 years but firstly you have to gain new investors or everything becomes stale. Investors should not have to troll the internet, then their website, then bb's to try & find the info, it should be all in one document on their website of which everyone can read, not just the privileged few that can afford to pay for it. |
Posted at 23/4/2013 22:31 by troutisout Hi greedfear, any acquisitions would be delivering more product for Mediwatch to sell or in the case of the mobile clinics giving Mediwatch a sales base to work.It is very difficult to explain on a BB, but I think the US offers some huge scope for Mediwatch, in terms of investors and also potential. The one product that would really excite US investors would be PSAwatch, why won't US investors invest now, because MDW is on AIM, officially an unlisted share. You think about the ways they could get US investors onboard, I have thought of one and if it happened it would be hugely important to the share price There are other Companies developing rapid PSA tests out in the US, these have valuations which would make you cry, as MDW's PSAwatch is still ahead of them, yet is valued at a tiny fraction of their price. I once owned some shares in a UK Medical Company valued at £20m which had bought a piece of technology and was having regular placings to develop this product, the Company finally moved to a US listing and had some huge dilution, UK investors faced huge losses over the long term. It is now valued at $450m. It has the same piece of technology still raises money to continue development, but has seen it's share price triple in the last year. The fact is the US is where you need to be to generate proper investors and high valuations. We sit here with an EV/Sales ratio of 0.4, that is ridiculous. We still make a nominal profit and have healthy sales, but the market is cruel and as I said at the meeting yesterday the share here is too illiquid, no large buyer can get a large amount in the market without moving the price too much. The insti selling has left us with PIs that have bought around these levels and who will sell every time the share hits 4p, as they know the momentum will die out and the MMs will soon march it back down again. The only thing that is going to change that is exceeding expectations (this takes time to show confirmation of this, 1 set of results is probably not enough) or you work a way into the US investor's sights. There is a new platform in development, this will do several other tests including urine analysis, I have seen pictures of it before from an investors presentation, it is still ongoing. This offers more test options for the Bioscan reader together with other test procedures like urine analysis. Testosterone is a big testing market. Mediwatch has managed to fund it's development for the last 3 years from it's revenues, it hasn't had to dilute the shareholders as most other Medical Device manufacturers do. Not only that it has managed it in a very hard market where demand for the type of products it sells has been hit hard by budget cutbacks and changes in healthcare buying policy. It is not just Mediwatch feeling this many other Companies are. However no-one is looking at what Mediwatch have in development, Mediwatch aren't showing investors either but they are discussing these products with potential partners and end users. We will see them come to fruition, in the meantime I am going to keep adding to the holding. DYOR, Trout. |
Posted at 12/10/2012 13:28 by nick2008 Dorset64 Re your post 29822, My initial email to Mark had set the expectation that these events expect CEO and FD to present, though its not unusual for one person to present. Mark replied back to me after consulting the BoD, So I suppose both PS and MH will present. What's vital is the person taking the lead on that day should be able to 'sell' their story - without that as you rightly said, few serious investors will walk away. Let's hope that past experiences of MDW attending exhibitions will help them build rapport with new investors. Trout, Its good to know MediWatch management realise that private investor relations is key to stock price. Private investors decide the stock price and not institutions - who just help raise the funds. I think Mark joining the board has definitely changed their perspective - of course with all the input from investors here, specially you. In terms of how many will attend MDW presentation - the Mello Central format is such that an investor who attends the event usually sits through all presentations. The summer mello central, which I attended, had about 50 investors. Once confirmed for 5th Dec event, we could actively promote the event in various sites. David usually promotes it on Motley Fool, I can create an event notice on ShareSoc reaching out to more than 1000 investors. Perhaps we could post it in other investor visible sites.....I think it doesn't matter how many attend MDW presentation - what's more important and something that MDW management have to be aware is that they got to tell a story in such a way that investors get interested. If not, then this entire exercise will have negative impact. Just my thoughts! Nick |
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