Sphere Medical Share Discussion Threads

[cc2014] 16/2/2016 21:30

Well if you really want to have a laugh WINS reduced their spread today. Yesterday they were 4.0 to 9.0. Today they are 5.0 to 8.0.

Good job we have Peel who are working on a 1.5 pt spread

[del44] 16/2/2016 20:53

On the other hand really good to know they haven't sold any
========================================
That made me laugh!!!
Being a SPHR investor...brings out a special type of optimism...:-)

[cc2014] 16/2/2016 13:34

I see RNS today. Good to see a company take 9 months to notify the market of the percentage change in their shareholding due to a rights issue.

On the other hand really good to know they haven't sold any

[del44] 15/2/2016 21:20

Alright Tim!!
Just wondering what your take is on this stock now...I like you (rather foolishly) have taken another nibble (large) on this share.....
It has certainly brought my average down....but my average of what exactly????

[del44] 12/2/2016 19:32

An implanted glucose monitor and insulin pump has been approved for diabetics in the NHS in a sign the UK health service is gradually embracing the potential of digital technology to help manage people’s healthcare.

The product involves a sensor placed under the skin that continuously monitors glucose levels in the patient’s blood and communicates wirelessly with the partially implanted pump to ensure that the right amount of insulin is being administered.Such devices have been available for several years, but the decision by the National Institute for Health and Care Excellence (Nice) to recommend its routine use by some type 1 diabetics marked a breakthrough for digital technology in the NHS.



The NHS has been criticised in the past for being too slow in its adoption of new technology. Research carried out for the Financial Times this week showed that productivity in NHS hospitals had fallen for a third year running.

NOW, FINALLY AT LAST WE MAY BE SEEING SOME IMPORTANT CHANGES TAKING PLACE IN PROCUREMENT POLICY WITHIN THE LOCAL HEALTH SERVICE...
WELL WORTH A READ.

[timbo003] 09/2/2016 10:39

There’s a bit of outside coverage around Sphere’s new production facility opening at St Asaph, see active link below (English language version)


Or if you want to brush up on your Welsh language skills you can use this link instead!

[del44] 08/2/2016 16:24

So long as it's not a fable!!!....;-)

[timbo003] 04/2/2016 17:41

I had never heard of St Asaph before today, it seems to be a long way from anywhere, at least they won't have to worry about too many shareholders turning up if ever they decide to hold an AGM there.

[del44] 26/1/2016 21:23

I do work in a hospital...and on an ICU ward at that. Getting new product/technology on to the ward as it is steeped in "if its working leave it alone"..mentality...is extremely difficult and can take quite some time.
Doctors, Consultants etcetra are always being harassed by sales people to try their product for assessment, as is the way in hospitals...

This technology is quite revolutionary in its approach to the patient.....BUT it does not really concern the consultants on the ward. This device will most benefit the nurse at the bed side...where it will save time and it will aide the patient as the drugs been administered can be titrated more efficiently then is the norm at the moment. WHICH IS WHERE WE ARE AT RIGHT NOW!!!!!!
Why change the flow that may only involve a few patients on the ICU ward?
This is where we are currently at!!

Getting this product into a training hospital is no small coupe...

[dr biotech] 26/1/2016 09:23

Its a bit desperate announcing a single sale and claiming it as a contract win. Unfortunately Woodford has made a few duff investments and I think this has to rank amongst them.

Its been 5 months since Ortho dropped their rights - if the product was going to be winner then they would have found someone else by now. I work for a company that sells scientific instruments (I appreciate there is a difference between labs/hospitals) but generally if a product is going to be a success you know within 6-12 months. I have seen no evidence of this getting anywhere.

[longshanks] 26/1/2016 09:10

*Guettingen not Hamburg

[longshanks] 26/1/2016 09:09

They don't actually declare the number of units sold. My guess is that they more or less"bought" this contract, giving the units at close to cost price.Rather a catch-22 situation where they need sales in order to get sales. Getting units in to a "teaching" hospital was more important than making money off the contract. I guess the hope/expectation is that usage in Hamburg will lead to positive referrals for sales elsewhere.

[timbo003] 26/1/2016 08:50

Another sale at last, so I guess that's two units.

Not sure how many units they will have to sell to generate £5M of recurring revenue to cover the ongoing cash burn (a lot more then 2!).

Even though I said I was done buying, bought a few more this morning....Death or glory!

[cc2014] 18/1/2016 21:35

Hi Tim,

Good to hear from you.

I understand what you mean about the trades. Another 500k today so I guess that explains Friday's in that one is a sell and one a buy and the MM's make 0.5p in the middle.

To be frank every stock is getting pummelled at the moment and I think the market has lost all sense. I think we are near the bottom though. I've seen one report suggesting oil is going to go below $0 per barrel (pay you to take it off their hands) and that tells me the bears are starting to run out of scare stories.

There is something going on with the trades I don't understand. Perhaps Fidelity have some left but even if they have it can only go on so long. It's confirmed the seller earlier in the year was Legal & General who now have none left at all.

Next update likely to be with "preliminary results" on 25th Feb.

I have a glimpse of hope. Our friend Woodford is gauging interest in raising more funds for WPCT. I'm quite sure if he went and bought a couple of million shares things would look entirely different.

[timbo003] 18/1/2016 10:43

>>>>Jamie. Your grapevine is wilting and needs watering I think.

They do not have any debt. They raised circa £13m last April and their cash burn is around £6m /year.

>>>>CC, I have given up trying to work out the trades, there seems to be a never ending queue of distressed sellers just waiting to get out at more or less any price. I have committed enough now, so I will just sit upon my hands and wait for the next update (April?)

[jamie62] 18/1/2016 10:08

I hear on the grapevine that they are in heavy indebtedness and stringing out creditors....

[cc2014] 16/1/2016 21:42

And so we have a 500k trade on Friday marked as a buy. I strongly suspect it's a filled sell as the MM's wouldn't be wanting to take on 500k at that price.

So, if it's a sell who's selling? because I can't see any likely candidates.
If we run through them we have:
Woodford, Wales LS, LSP, OCD, Octopus, Ruffer, RLAM and Herald have all been holding for some considerable time and were holding as at the start of January as shown on Sphere Website
Again anybody with shareholdings below this have held some considerable time without reducing in any considerable way so whilst possible this doesn't seem likely either.

Hargreave Hale did appear to sell 290k between the placing and September so I suppose it could be them but that feels more like they were indifferent to the placing so took part and then sold them on at a profit.

Nomura and Commerzbank both bought at 9.25 so I suppose they could have flipped for a 0.25 return but it hardly seems worth their time and effort and risk

Strangely TD Waterhouse's holding (private investors mostly) has fallen by 973,000 shares between October and mid January. Perhaps it is just a PI who's had enough but I suspect the MM's wouldn't have given a PI 9.5 to sell for that quantity.

It's all a mystery but hopefully the selling is done now.

[cc2014] 11/1/2016 20:24

By invitation only! Anything that raises their profile can only be good

[cc2014] 03/1/2016 21:22

Hopefully 2016 is going to be the year for SPHR.

I'm hoping the Proxima4 CE marking is going to come through shortly as that seems to be the key at the moment.

[cc2014] 22/12/2015 19:40

A reminder of what Sphere is up to

[farmsted] 02/12/2015 10:11

No news which is disappointing, still sells and no buys ??

[cc2014] 26/11/2015 19:00

yes you are right , sometime over the last few days you can now buy at 10.5 which means the figures I stated above are wrong. I would now suggest Peel have a bit of stock to shift. As usual we have no idea how much though. Could be done in a day. Could be done in a month

[greenrichard] 26/11/2015 08:31

Can buy at 10.5p quoted bid price currently.

[del44] 25/11/2015 16:01

Anybody attending tomorrow?

[cc2014] 24/11/2015 19:36

So another 167k sold today and still the bid holds up. Since Peel moved to 10.5 on the bid on 16th November we've seen 346k sells and not a single buy. So, the only explanation is that Peel want stock for someone.