Vindon Healthcare Share Discussion Threads

[piedro] 23/6/2010 14:08

10:41:34 -
BID raised from 9.5 to 10.0p on transaction of 100,000 shares @ 11.0p

[piedro] 14/6/2010 04:27

Thank you.

[piedro] 11/6/2010 17:59

... do you have the link ?

- a most misunderstood company IMHO

[sagem] 11/6/2010 16:13

Tipped in Money Week Tom at PENNYSLEUTH two Penny shares to snap up now and
Vinden Healthcare was one of them.

[daicaprice] 09/6/2010 10:35

Hi Pete, been tipped in penny sleuth e-mail yesterday, so surprised been no action!!

DC

[piedro] 01/6/2010 12:38

X-DIV tomorrow - final = 0.17p

[piedro] 28/5/2010 20:00

Annual Report 2009


Presentation

[piedro] 10/5/2010 13:02

Latest Newsletter:

We've weathered the storm - A positive outlook for Vindon



The company has renewed confidence for 2010 and beyond, with the appointment on 23 March of Jon Scopes as the new Finance Director of Vindon Healthcare plc.
He qualified as a chartered accountant with Price Waterhouse in 1980, has over twenty years of experience in working at board level, and has already been involved with our finance team to introduce his extensive experience in strategy development and performance management.
Jon is confident about Vindon's future success. He comments, "Despite the costs associated with the move to our new premises at Rochdale and the acquisition of Westech in Atlanta, we managed to turn in a healthy profit, as well as an increase of 10% in share dividends in 2009. With the economy emerging from recession, we are now set fair to improve our financial strength yet further."
Jon will carefully monitor the situation while the anticipated increase in market demand builds up over the next few years. With such a positive attitude, the future looks healthy for Vindon's worldwide businesses under his financial leadership.

[piedro] 27/4/2010 18:01

Masurenguy,
That is a very cautious and realistic view.

The long term story I like but believe that Westech is not finding sales of eguipment any better than in the UK and there is plenty of competition in the States.
The future of VDN would seem to be in the rental of storage space. Plenty of upfront investment for a long term return.
One can only speculate as to whether they will find enough custom to survive.

Turnover in the second half of the year shows a marked improvement over previous 6 month periods which gives me reason for optimism

[daicaprice] 27/4/2010 08:04

Thanks Mas, I remember now, I'd need to buy 100's of k to get below 14p.

I'll leave them where they are for the time being.

DC

[masurenguy] 27/4/2010 07:47

daicaprice - 23 Apr'10 - 64: Hi Pete et all, is there life in the old dog? Am still holding but they've dropped off my watch list cos it's been so long, anyone reckon it's worth an average down?

Since the only response to you question is just the very unhelpful and blunt retort of "DYOR" I thought that I would provide you with my current view !

Sales of £5.5m and eps of 0.94p puts them on an historic PER of 12 which is not cheap for a very small cap in this climate. Net debt of £2m and cash of just over £200K means that there is always a chance of further dilution via another fund raising in spite of a positive cashflow. The current EV is circa £12m which is more than twice annual sales and overvalued in my opinion.

The AIM index is up by around 50% over the past 14 months since the current rally began but in contrast VDN is down 48% over the same timeframe from 21p to 11p. Nevertheless, Vindon still appears to be overvalued on comparative metrics in my opinion and on a trailing PER of 8 the share price would be around 7.5p which might be a more realistic level. You should carefully consider your own valuation equation before any further thoughts of potentially averaging down at this point in time.

[piedro] 27/4/2010 04:28

DYOR ......

[daicaprice] 23/4/2010 21:53

Hi Pete et all, is there life in the old dog?
Am still holding but they've dropped off my watch list cos it's been so long, anyone reckon it's worth an average down?

DC

[empirestate] 23/4/2010 21:09

certainly looks like someone is building a little stake here. share price has been improving over the last couple of days and we are seeing alot better volume, if not number of trades

[empirestate] 22/4/2010 14:42

looks like the seller may be out , assisted by the 150k buy yesterday

[piedro] 21/4/2010 12:35

Quite some volume of shares being traded

Frid 16/04... 144k
Mon 19/04.... 183k
Tue 20/04.... 356k
... 150k so far today.

[piedro] 21/4/2010 12:27

... interesting ....

RNS Number : 1073D
International Brand Licensing PLC
26 November 2009
Proposed New Strategy
The Board has identified the IVD market place as having significant potential for generating shareholder value and intends to use IBL as a vehicle to build a group focused on the IVD industry, through acquisition. The recent Board appointments bring a wealth of experience in this industry, adding to that of Gordon Hall, and a strong track record of delivering significant returns to the shareholders of companies in which they have been directors. The Board's intention is to deliver attractive returns to shareholders within the next 3-5 years.
The target businesses will be within the diagnostics industry, focusing initially on applications which will benefit most from the migration of routine diagnostic testing from the clinical laboratory to the point of care. The target businesses will have a proven product record, significant intellectual property and manufacturing expertise.

[IVD = in vitro diagnostic devices]

... not exactly VDN related but ...
David Evans, (chairman IBL), retired from the VDN board (23/03/10) and,
their Nominated Adviser & Broker is Zeus Capital (34% VDN)

[piedro] 14/4/2010 13:44

One of the many competititors in the US ...



Parameter Generation and Control (PGC) was founded in 1977 to provide equipment that maintains a very precise humidity and temperature control for research, testing, and process applications. Though the years, PGC has been committed to the development of "state-of-the-art" environmental simulation and control products.

Applications
Where the equipment presently sells:

Pharmaceuticals
Main Applications
Product Stability Testing (shelf life)
Packaging (23°C/50%)
Stability Specifications (ICH)
25°C/60%
30°C/60%
40°C/75%
40°C/15%
5°C
Generally ±2°C and ±5% RH
PGC Product Utilized
Reach-ins
Walk-ins
Conditioners for existing rooms
References
Johnson & Johnson
Abbott
PPD
McNeil
Cordis
Quintiles
Andrx

Packaging/Pulp and Paper
Main Applications
TAPPI Labs--Technical
Association of Pulp and Paper Industry
Package testing
Common Conditions
23°C/50% (Main TAPPI Spec.)
35°C/30% (TAPPI pre-conditioning)
32°C/90%
5°C/85%
TAPPI Tolerance is ±0.5°C and ±2% RH
PGC Product Utilized
Walk-ins
Conditioners for larger TAPPI Labs
References
International Paper
Georgia Pacific
Mead-Westvaco
Inland
Box USA,
PCA
Jefferson Smurfit

Electronics
Main Application
Circuit Testing
Common Conditions
85°C/85%
85°C/60% (TAPPI pre-conditioning)
60°C/60%
PGC Products Utilized
Reach-ins
References
IBM
Texas Instruments
AT&T

Semiconductor (Process)
Main Application
Mini-Environments (Microlithography)
Common Conditions
18-23°C/35-50% Extrememly tight tolerances (±0.05°C/±0.5%RH)
PGC Products Utilized
Conditioners (Generally Custom)

Textile
Main Application
Color consistency (Fabric and Carpet)
Fabric testing
Common Conditions
22°C/65%
Occasional High RH
PGC Products Utilized
Reach-ins
Conditioners
References
Springs Industries
Shaw
Joan Fabrics

Tobacco
Main Application
Smoking Machines
Tobacco Sample Conditioning
Common Conditions
23.9°C/60% (±2%RH)
PGC Products Utilized
Reach-ins
Conditioners
References
Philip Morris
RJR
Tobacco Institute Testing Labs
Lorrilard
Legget Group

Calibration
Main Application
Humidity Sensor Calibrations
Common Conditions
Various
PGC Products Utilized
Reach-ins
References
Kaye Instruments
Intel
Thailand National Standards Lab
Chinese Government
South Korean Navy
Lockheed

Museums
Main Application
Rare Document Storage
Common Conditions
10°C/50%RH
PGC Products Utilized
Custom Rooms
References
U.S. Library of Congress (Gutenberg and Mainz Bible Cases, Gettysburg Address, Top of Treasures Cases)

Wood Products
Main Application
Strength and Stress Testing
Laminate Adhesive Testing
Common Conditions
Various
PGC Products Utilized
Reach-ins
Rooms
References
Universities of Maine, North Carolina, Vancouver
Hartco Flooring, Thomasville

[piedro] 25/3/2010 13:12

From the Results:
A key development for the year was the creation of a cabinet that could 'ramp' between various temperature and humidity levels in order to test the packaging of products by simulating a journey from the factory to final destination by land, sea or air.

... just need to add vibration and pressure as I believe they can add different intensities of light ....

[piedro] 23/3/2010 11:42

Analysis of the results in 6 month periods .....

[piedro] 15/3/2010 09:57

... this is what they offer ...

Specification
Vindon has been manufacturing controlled environment chambers for over 40 years and it is these units, with proven reliability and very accurate control of temperature and humidity, that are used in the Vindonwestech storage suite.
Facility & Support
Purpose built stability storage facility close to all transit links (airports & road networks)
Vindonwestech service professionals on call at all times
Full spare parts inventory on site for all chambers
Backup generator
24/7/365 facility support & maintenance
Monitoring
In house Eurotherm datalogging & monitoring system (NIST Traceable)
Full system redundancy with backup system in house
Data backed up offsite daily
FDA Title 21 CFR part 11 compliant monitoring system including logging temp, humidity, entry/exit of chamber
System regularly validated
Compliance
Over 60 years combined experience
Dedicated QA/QC department
EMEA compliant facility (pending)
ISO 9001 compliant (est. certification Dec 2010)
FDA registered facility (pending)
DEA controlled substances schedules I – V (pending)
Full Standard Operating Procedures (SOP's) – available on request
Sample Management
Full bar-coding system for samples or control batches
Detailed project design and reports
Advanced scheduling system for client pull returns
Full confidentiality of samples. i.e. All projects are labeled with a project and client assigned name
Shipping
Same day or next day sample returns to anywhere in the contiguous USA
All shipments are assigned an individual tracking number
A full complement of temperature controlled shipping packages including dry-ice, ambient & vapor phase nitrogen dependent on required condition
Datalogged transport of samples to monitor compliance
Partnership with global logistics leader to offer fully temperature controlled and validated trucks
Security
Full alarm system including motion and smoke detectors will monitor the facility environment every second of every day
All access points in the building will have alarm contacts
Closed circuit television, assisted by security lighting monitors the inside and outside of the building for personnel or vehicle activity
Personnel restrictions to apply at all times in compliance with DEA and USFDA compliance
Provides a safe and secure environment for all samples
All staff vetted with full background check and regular drug testing procedures as per company policies and SOP's

[piedro] 15/3/2010 09:36

... Vindonwestech opening soon ...

Opening in June 2010 and offering a full range of temperatures and humidities, contact us to register your interest
Vindonwestech's purpose built, Environmentally Controlled Storage facility offers a full range of temperatures and humidities from 40°C/75RH to -196°C.
Employing full-time stability technicians and service & validation engineers - the new Vindonwestech Storage facility will be dedicated solely to providing the best service possible to our Pharmaceutical and Biotechnology customers in the US.
Vindonwestech will offer stability storage at a wide range of ICH conditions and also provide unique conditions for long term testing, freezer storage and biological, ultra-low temperature storage at temperatures from -20°C down to -196ºC.



Stability Storage Reach-in Rooms

[piedro] 12/3/2010 11:11

New website ...




... with chat