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MDW Mediwatch

5.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mediwatch LSE:MDW London Ordinary Share GB0006633738 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mediwatch Share Discussion Threads

Showing 33726 to 33746 of 33900 messages
Chat Pages: 1356  1355  1354  1353  1352  1351  1350  1349  1348  1347  1346  1345  Older
DateSubjectAuthorDiscuss
02/12/2013
15:41
Still not happy with the directors for their irrevocable commitment in the agreement. Still feel stitched up.........
barrywhit
02/12/2013
15:03
I have just had a hard copy dropped through the letterbox.

Having looked at T-Doc over the weekend, it is clear that MDW would struggle to keep going as an individual concern if a rival had control of the products they supplied.

It's time to look at it from the other way round, we are getting 6p when the share price was at 2.5p and eventually it looks like we could have been slowly strangled by Laborie.

Trout.

troutisout
02/12/2013
14:35
Hi Trout,

Yes spotted it in the agreement on Friday, can't find any reference to the deal online anywhere, lots of information in the document, I was too annoyed to read it in full before Friday.......

barrywhit
02/12/2013
14:31
So you spotted it Barry.

Page 50, I cannot find anything on this on Google as I think it is still to be completed.

"whereby Laborie Corp agreed to acquire all of the equity interests in T-Doc"

T-Doc don't just supply Mediwatch they supply all of the main urodynamic companies with their air charged catheters, Mediwatch were working on their own alternative but this would still need at least 2 years before actually coming to fruition, the man behind this product is PS and why his continued involvement is so important to Laborie.

So without a supplier of the air charged catheters and there is no alternative apart from water filled ones. How will customers use Mediwatch equipment? Laborie could strangle Mediwatch from below, if they stop supply or put prices up to extortionate levels then who would want to buy urodynamic platforms from MDW if they can't use the best catheter system with them?
PSAwatch may be a goer, but it is still far too small to make any financial difference, this Company needs the turnover from the Urodynamic side to keep afloat.

This information should be enough for everyone to realise there is no magical plan B, Audax and Laborie have got Mediwatch and their other competitors by the Gonads and at the moment they are offering us 6p. Think about it, vote no and what do you think will happen? They up their offer, get real, they are just about to take over our major supplier of consumables.
Do you think we can carry on valued at £8.5m? our revenues would drop hugely and the urodynamic side would be held hostage to Laborie. No-one else is going to buy us as they can't compete with Audax/ Laborie in this field. Mediwatch have been looking to buy something else to add critical mass, but they are not at a great point to build from, Laborie have Audax's deep pockets, we on the other hand had a very lowly share price and a listing that wasn't going to help raise substantial funds.

DYOR,

Trout.

troutisout
02/12/2013
14:09
Yes they will be paying me 6p when this goes through, just as they will pay you 6p and the reason for that is there is no viable alternative.

Please tell me what your viable alternative could be and please don't listen to p1nkfish and think we can just get rid of the BoD and carry on.

Look at those questions I posted, where does MDW derive the majority of it's turnover from? What is the percentage of that is from consumables?
How many consumables to MDW actually manufacture? Where do the rest come from?
Which company do all the Urodynamic co's (including Laborie)rely on heavily to supply them with catheters?

Read the docs....

troutisout
02/12/2013
14:00
Banjo, that's an unfair statement, read the Agreement document thoroughly and see whom else Laborie acquired in September 2013, thats' where Trout's coming from, and then see where MDW can go from here....I am very disappointed and hugely out of pocket with this deal and I will vote NO in principle even though it is a done deal.......
barrywhit
02/12/2013
13:46
are Audax paying you now?
totally banjo
02/12/2013
13:44
They were on website last Friday, filled mine in last night.
totally banjo
02/12/2013
13:43
p1nkfish,
It is not a done deal, but there is virtually no alternative.

If you were Audax and you were picking up smaller companies how would you buy them out? Would there be any other things you could do to consolidate your place in the market?
Would you be honourable and give everyone a decent premium and what they wanted?
Of course you wouldn't this is business not charity, everyone seems to be suggesting that Mediwatch can demand a price and will get it, they will get whatever the bidder is prepared to pay and the final figure is 6p and all debt paid.

Now read my post above, answer the questions 1-5 and read the scheme docs.

Audax already rule the urodynamic equipment marketplace, the small nature of their competition MDW included means they have nowhere to hide. Lifetech went because they were having financial problems, Mediwatch will go as well and that won't be a selling out by the BoD, but a shrewd business move by Audax, DYOR!

Trout.

troutisout
02/12/2013
13:38
Forms for your Votes now on the website for downloading....Court and General Meeting
barrywhit
02/12/2013
13:20
The fact of the matter is that very poor management performance is being rewarded at the expense of the shareholder as if that is OK.

It is not OK, this is a publicly listed company and shareholders will have their say.

Writing it up as a done deal is not correct and railroading can back fire.

Having other BoD members in line for offers of employment at the acquirer whilst overseeing this is also less than good in my book.

Let's see if they get the 75% or a wake-up call and have to get back to their job of pushing this company forward with new blood at the top.

p1nkfish
02/12/2013
13:19
We've all had our losers. I've had Corac CRA, Discover Leisure DISL, Jubilee Platinum JPL, International Ferro IFL which have all been disappointing. Fortunately, my winners, including MDW, have kept my head above water, and I thank all of you here for your discussions.
david77
02/12/2013
13:08
Absolutely, but look how it is spun.
Pats on the backs all round.

p1nkfish
02/12/2013
12:59
banjo, look at his contract carefully, he is living in the Caribbean, he travels the world extensively, he is almost constantly working away from his home, so what is different between his old contract and new one???

He also holds all of the aces when it comes to MDW's IP, new products in development and contacts around the world. Now don't tell me that if you were in his position you wouldn't have kept things close to your chest and made sure new products were registered with you, knowing this would all lead to your value to the business being enhanced. Laborie aren't paying him that as a reward, they are paying him that because they need him.

If Nick comes on here, perhaps we can ask him about software developers and other engineers, they will all try to keep the secrets of their products to themselves, they will certainly try and protect themselves by making themselves invaluable to the business.

I feel sorry for him in one way, as if I was him I would want to retire and live a quiet luxurious life, I think he is 73, 3 years more working and now working under and on behalf of others will probably drive him mad and certainly won't be the same as being Lord of the Manor at MDW.

Have a look at my questions and then read the scheme docs.

Cheers

Trout.

troutisout
02/12/2013
12:49
abc125,

Do you really think 20% p.a. over the last 13 years??? with safe and passive investments?

In that time there are many companies that have crashed and gone out of existence, many small AIM darlings are now no longer or at single figure percentages of what they were worth. Look at the oilers and miners that were the get rich dream makers of yesteryear.

I can only look at it from my viewpoint, I saw my investment in MDW drop in value from 2008, firstly after the failed buyout from Inverness, then the PSAwatch slide problem and then Amati and other large Instis selling out, all coupled with a global depression that even affected the normal safe haven of healthcare spending. However I felt that it was worth researching further and sticking with the Company and averaging down. We have had over two years to be able to buy at 2p-3p and in that time we have all had the opportunity to average down. So personally I am happy to have turned around a large loss to a decent profit, but it has been a risk, but one I was prepared to take if I put the work in on it.

My above is not really about how MDW has been as an investment, because for some it has given them a nice return, the likes of Nick and others all bought sub3p, even Dorset's average must be below 3p. So for them they have doubled their money in a few years.
It is about the offer now and the value attributed to the Company and therefore being offered to shareholders now. It is very important that people understand what I am asking them to look at and to think about that.

There have been enough people running this down for the last few years, but none of them expected a more than doubling of the shareprice even a couple of months back, however those same people are now moaning 6p is not enough and the BoD have failed us. There was a period where the share price stood at 4p for a few weeks before the offer was finally made, that was the last chance for people to average down or take a punt, even then there were posters trying to dissuade people by saying there was no chance of an offer, etc.
If people read my post above and DYOR then you may wake up to the situation a little more and it seems strange for me to be saying this, they can then take off their rose tinted glasses.

Trout.

troutisout
02/12/2013
12:36
"12. Everyone seems to be thinking that MDW have the better hand here"...Eh?

Stimpson is getting the equivalent of roughly 10p per share via his increase in salary from £150k to £320 a year (for 3 years). That's the bit that annoys me the most!

totally banjo
02/12/2013
12:32
All very true trout. But one has to concede that this has been a very, very poor investment over the last 10 years. 5 years ago optimism was rampant, now you seem to be suggesting that holders are lucky to get 6p. Even those who averaged down, are not walking away with much to show for their wasted years invested here IMHO.

One has to look at the opportunity cost. £20k or £50k invested elsewere could have muliplied 5 or 10 fold if one bought a selection of stocks at the nadir in march 03 and march 09. Or a even a safe passive investor should have been able to return 20% a year since 2000.

abc125
02/12/2013
12:18
p1nkfish, I sometimes struggle to understand your view, for months now you have been posting doom and gloom at 2.5p and then now we have an offer for 6p you are hyper enthusiastic for more.

You like to show you do your research although some of your views were a little off piste shall we see, do you remember the bed and SIPP fiasco? Philip Stimpson as you can now see from the documents lives in the Caribbean and as such is a tax exile - Dorset hasn't quite cottoned on to that also.

Anyway that is in the past,

some questions for you and if you look into them you will be able to find far more answers than you are presently trying to conjure up.

1. What percentage of MDW revenue comes from Urodynamics?

2. What percentage of that comes from consumables?

3. Who do most of the Urodynamic Companies source a lot of their catheters from?

4. What is Audax's stated aim and raison d'etre for acquiring Laborie?

5. What remarks have been made about the Lifetech acquisition and particularly the amount paid?

6. Philip Stimpson was employed by MDW on about £165k p.a. and some pension contributions.

7. the new service agreement gives him £320k pa for 3 years.

8. What is the difference between the two? (clue, I am not looking at the difference in the amount)

9. I haven't the foggiest how many trips PS has done this year but know he has attended 12 board meetings in the UK and has also visited many, many countries this year, think about this with the above.

10. Now read the scheme document, really closely and hopefully some things will stand out.

11. I recently found where one of the MDW loans came from whilst doing a google search, have a look at the scheme document to see more, the terms and the nature of the lender. Also look at the debt figure that Audax is likely to pick up on top of the purchase price.

12. Everyone seems to be thinking that MDW have the better hand here, wake up and smell the roses, Laborie is backed by a multibillion fund that specialises in backing a market leader and then consolidating that market, think carefully about how they can do this?

troutisout
02/12/2013
12:01
p1nkfish,it's obviously not a done deal until the results from the Court and General Meeting on 23rd December 2013 are known.
totally banjo
02/12/2013
10:31
Google the below. From today. Written up as a done deal.

"Mediwatch acquisition is Deal of the Month"

p1nkfish
02/12/2013
10:30
Google the below. From today. Written up as a done deal.

"Mediwatch acquisition is Deal of the Month"

p1nkfish
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