Mediwatch Share Discussion Threads

[totally banjo] 21/11/2013 15:50

Philip Stimpson is Mediwatch and could have walked away.....it's not over yet!

"The Laborie Board and the Independent Directors of Mediwatch are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Mediwatch by Laborie which is to be effected by way of a scheme of arrangement under Part 26 of the Companies Act between Mediwatch and its shareholders."

[barrywhit] 21/11/2013 15:18

Banjo,

Philip Stimpson, didn't put out that figure as a starting point, that's why they have stipulated their agreement is binding even if a higher offer comes in......stitch up.......by all directors.......valuation less than 1 years turnover, nearly unheard of, normally minimum of 1.5 to 2 x turnover...

[optomistic] 21/11/2013 14:08

Best wishes Trout :-)

[troutisout] 21/11/2013 13:56

So on the above note, I think it is probably time to bid this thread farewell, I have enjoyed meeting and speaking with so many of you and I am sorry that some weren't able to average down and come out of this with a bit of profit.

I have enjoyed Opto and Abergele, who have been constant supporters of the price when they could with their little buys here and there and hopefully that has added up to a nice pot.

Nick who set up the other thread and has done so well on picking three shares that all look to make him a lot of money, he was lucky to be a little late to the party here and so started buying sub 3p.

smudge who was a founder member of the poker club and who managed to extricate himself from the clutches of MDW before the price dropped too much, he has always kept an eye in here and too has made some good investments since.
He always had a nice word to say about PS ;o)

genie who had built up quite a holding and was a year ago thinking of selling up, I am glad you didn't and got a better price this week.

banjomick, his research was absolutely brilliant, the work he put in those years ago was worthy of mention by urologists and by the directors, his blog is read extensively.

To the other investors here that read in, but didn't perhaps post that often.

ladybird, who was always able to put a slant onto it, but I do believe managed to add a few more shares earlier this year and so may well have made a little profit. There is a fine balance between being negative and cautious, if you are too negative when investing then move on (you will never buy in and so don't need to spend time on it), if you are cautious then keep so, this is a nest of vipers and caveat emptor is the correct way to be. I think in the end ladybird was cautious and also liked to spar a little, that is fine because both sides of an argument need to be heard, some of ladybird's comments made me look again to re-confirm my view. Many of his comments and moans were put in my e-mails to the BoD!

p1nkfish, timtom2, carefully does it, can you cheer up now, you have made a profit now move on.

leedslad, supported the price on drops over the past couple of years and hopefully will be able to benefit from that, lucky he didn't buy that house in Spain though and that he was investing here right up until recently.

Barrywhit, Barry you have been a stalwart on these threads, a sensible head and a good person, I know you bought in a long while back and with others too from that era, it was a different time though and everything was very positive, that changed over the years, firstly PSAwatch was a debacle when it was first launched and then a mix of the aborted offer, global financial situation and Instis selling out, knocked the MDW share price into a cr@p place, where it never recovered.
Unfortunately it looks like we have missed out on the opportunity to get the best out of any potential in further years from MDW's products, etc. I for one will be pleased to be free from being stuck in such an illiquid share and will take my money on to other investments that might see even better potential than this would have.

I don't think anyone can deny......

It's been emotional....LOL!

Cheers all.

[dorset64] 21/11/2013 13:52

Argue all you like trout, there are plenty of others who have agreed with my posts, and plenty who don't. Just a pity you didn't offer to these boards those very same failing you now see in MDW, but only now are posting them because you have been shafted by the very same board of directors you had championed for years on end.

I do feel for you & others in here as, given the apparent strides they are making, you have all been shafted by not only those in the boardroom but also mislead by postings that have not born true.

[totally banjo] 21/11/2013 13:45

barry,exactly and that's why I'm very disappointed in the valuation put on MDW by Philip Stimpson unless he was just setting a minimum for other potential bidders to throw their hats in the ring.....

[troutisout] 21/11/2013 13:19

Dorset,
I do not agree with you, quite simply because they got rid of one sales manager in the UK and employed one or two graduates, who apparently did very well, I don't agree because these were UK based jobs.
I am talking about the worldwide face of MDW, who was doing most of the work with new customers, new distributors and new Urologists. Who was doing a lot of the demonstrations and training people to use the equipment?

You came on here many years ago now, just because of the HAWK debacle and me being one who disagreed with you.

You have slated MDW and over the period have recommended several other investments, first was AGQ, then TAIH, then TPL, then silver and some gold and silver miners. I stuck with boring MDW and although we had many people telling us that MDW was a dead duck and going to fail, I bought whenever I could and researched hard. After a while I stopped posting a lot of my research here as it just led to arguments and disrupted the thread. When I have posted here, I have tried to be fair, as I would be attacked for 'ramping' if I ever said anything positive. In the meantime I have been in email contact with many of the posters here and have discussed with them in more detail, any research, we all have!
The reason for that was purely because the disruptive nature of this BB meant no-one could see the posts of note and it became apparent that many posters had stopped reading (I did on occasion ask for posters to post a hello to see who was still there, but no response meant no point in posting on the BB).
So in the end you probably did come over and wreck my MDW thread (like you said you would) well done! However it would seem that you wrecked other's opportunities to discuss and find out more about MDW and eventually MDW due to this takeover has proved a far better investment than any of your tips in the corresponding period.
So not sure what you have contributed here really, apart from to show how someone who purports to be a successful businessman can turn into a BB troll.

Let's face it I had reason to post here, you have posted for nearly 3 years for what? A couple of grand investment that you bought two years in? Really, would any normal person spend so much time on a BB where they had so little financial interest?

[barrywhit] 21/11/2013 13:14

banjo,

That's why Laborie want to buy Mediwatch......the ship is starting to turn....

[p1nkfish] 21/11/2013 12:58

Dorset, some people will try to encourage others in.
It has always been thus.

[totally banjo] 21/11/2013 12:47

Compared to years gone by the recent official information gave a positive outlook for Mediwatch:


Mediwatch PLC Half Yearly Report (released 03 June 2013)




Newsletter October 2013

[dorset64] 21/11/2013 12:40

Trout, I & my co's give more than our fair share to charity given the 'race for life' company event days in our industry that I helped also behind the scenes sponsor to great effect, among others so no I won't be giving anymore to charity thanks.

The unsustainable remark in your post did not appear to include someone jetting around the world, as opposed to sales staff doing it, but more to the point cutting costs to meet an end, which you say was not sustainable.

I remember you lambasting me & others at the time when I questioned the viability of them shedding experienced sales staff in favour of using university graduates, but again you jumped on me for that remark although now appear to agree by saying it was unsustainable.

Just a shame you didn't post your honest view back then instead of after the event.

[troutisout] 21/11/2013 12:16

I think it was discussed here Dorset, so don't try and pick holes, the position that wasn't sustainable was having a 73 year old CEO flying all over the world visiting distributors and showing off new products.
We all knew they had cut staff costs to the bone, I think ladybird was discussing it quite a bit recently in respect of MH and his duties.

If you really wanted to buy more you would have done, as it is you have fluked a profit here, which seems unfair as you were in the main always negative about the company and some here remained positive but won't come out in such a pleasant position.
I wonder if you will ever honour the wager and give £500 to the Graham Fulford Charitable Trust, you remember the one about the silver price beating MDW's. It didn't then and certainly hasn't now, so pay your dues to a good cause.

Trout.

[dorset64] 21/11/2013 12:05

troutisout 20 Nov'13 - 17:07 - 32001 of 32007 1 1

If it's any consolation I think they will have met their targets but I don't think it was much more than that. If you knew what they were doing to keep costs down and therefore profits up, it wasn't sustainable.

Trout.
-------------------------------------------------

Trout, I'm glad for the larger holders who do come out with a profit but I actually felt the company was turning the corner with respect to profits, new products, new regions, new approvals as all apparently backed up by their latest newsletter and, in broad terms your understanding of events within the company. From your commentary & said newsletter/s I was, if the deal broke down, quite happy to buy a larger holding over the coming months based upon such info from the co.

So you can imagine my, and no doubt others confusion when I saw your post above, you now give the impression that you knew MDW were in an unsustainable position with respect to growing profits, and one they could not justify in the long term, just a shame you never felt the need to post that earlier. What your basically stating is that the BoD have really shafted the shareholders by implying the boat has turned, but in reality all they were doing was 'cooking the books' ready for a suitor.

[p1nkfish] 21/11/2013 11:51

Needs to be sown up before end of March 2014.
Anyone know when the earliest date might be?
Think I read before end of Jan 2014 but can't find where I read it.

[p1nkfish] 20/11/2013 19:48

Sounds like having been played like a piano.

[barrywhit] 20/11/2013 19:03

I have emailed Philip Stimpson to air my compaints, but alas now I don't expect an answer. I gave up emailing the other directors years ago...

I hate being misinformed and I have an email dated the 16th august telling me how they planned to go to the city for more institutional investment after the summer holidays dated 16th August and I believe they signed the confidentiality agreement with Audax on the 15th. so that was never really going to happen, was it!!!!......

[charker] 20/11/2013 18:28

who on earth would gamble pilling in £20k at 2p to bring down their average when it looked more likely they would go bust than turn it around. I'll tell you. Someone who knew more than I did. Like say....a director.

When companies like this are sold an independent auditor, who has shareholders best interests at heart, should ensure directors are not cooking the books.

To develop to market all the products in the portfolio, from scratch, along with the potential of PSAWatch, this company is worth a damn site more than the paltry amount they have sold out for. The stock market only cares about turnover and profit, where is the valuation of the intellectual property and hardware/software development costs, the approval processes any new competitor would have to follow? They get all that for virtually nothing.

Just like the company I had money it that went into admin to be bought back by the director for £1 only to then announce the big deal we had all been waiting for. It's legalised fraud, plain and simple.

What's the betting the big breakthrough with PSA is just around the corner? Economies are picking up, FDA has to approve at some point, we have been waiting long enough.

Why sell the whole company, why not part of it. Why, because basically the directors are coming out with a healthy position that's why.

Stinks, plain and simple.

[troutisout] 20/11/2013 18:03

Charker,

It was on the cards, have a look at the few posts in the link, particularly my comments about 'X' and then giving the X,Y and Z that I could see in 30820.



I know some managed to average down, but the support for the share price was very poor, the boards negative and stale holders selling into any rise, meant the price stayed at 2.5p and thus X was the offer. If the share price was trading at 5p-6p then the offer would have been much higher.

Trout.

[troutisout] 20/11/2013 17:07

That might be the last big figure on this thread.

As far as trading statement I don't think we will ever see one, likewise an update on PSAwatch. If it's any consolation I think they will have met their targets but I don't think it was much more than that. If you knew what they were doing to keep costs down and therefore profits up, it wasn't sustainable.

Trout.

[jmorgan0] 20/11/2013 17:07

iWOULD LIKE TO KOW WHAH MIGHT HAVE BEEN IM THE TRADING STATEMENT THEY HAVE MADE IN THE PAST ON YEAR ENDING OCT2013

[barrywhit] 20/11/2013 15:05

Afternoon,

Since the offer there have been only 5,000,874 sold = 3.56%.....interesting to know where they have found a home, as no new 8.3 releases.....

[barrywhit] 19/11/2013 19:12

A 925k sell showing up late......

[tissueboy2] 19/11/2013 18:31

So perhaps the mm's are taking the sells gambling on a higher offer. Perhaps they do know. Afterall their information is generally better than ours in these situations.
How I would love it (To quote K. Keegan) not so much the money, although it would be handy, but to screw PS and his cronies. This is a cheap company at this level, surely there must be an alternative bidder. Let's hope so. Night night all.