IntelliAM AI Share Discussion Threads

[martincoops] 10/4/2006 21:56

Good volume today at 1.2 mil shares traded. Looked as if there was an overhang and that might be cleared now, will have to wait and see how it trades tomorrow.

[martincoops] 10/4/2006 18:02

Im sure there are a few more lurkers around. Brought another 10k this morning and it was nice to the price firming up.

Good luck all

[neguss3] 10/4/2006 17:01

Still here gents

[genie] 10/4/2006 14:58

Very (extremely!) quiet on this thread. Are we the only two left holding this share martin?

[martincoops] 09/4/2006 22:07

Thanks for the link genie. Lets get that contract now and see this baby fly :))

[genie] 08/4/2006 17:15

From today's Telegraph (see link below for full article - at bottom of page):

"With IMD's product range, and RME's distribution skills, the company is now far better equipped than ever to make some real money.

The market as yet has not woken up to the transforming power of this acquisition, and existing shareholders should continue to hold on in there."

[neguss3] 06/4/2006 11:52

This is going to be a big player in the market in years to come time to add i think

[ged5] 05/4/2006 22:34

This deal was flagged earlier. Pity I missed it. Could have bought at 6.5 today.

"If IMD is going to make money from its new design it will need to find an efficient way of selling to the various NHS trusts up and down the country. To this end, the group is believed to be preparing the pounds 4m purchase of an existing medical devices distributor. It will fund the deal via an equity issue. IMD's target is already profitable and should help the combined company register a profit of around pounds 500,000 in the first year of its existence. Further such acquisitions are likely on the Continent as IMD looks to sell its offering into France and Germany."

[ged5] 05/4/2006 21:51

It looks good, although the figures given for RME are a year old. I wonder if it was still profitable in the last year and how much of that 300000 is left. There is a suggestion that it was still profitable.

Also good to see some of the expertise is joining INT.

[james t kirk] 05/4/2006 19:39

The more I read that RNS the more exciting it seems. This is a very good tie up for RNS and they have real potential for growth. Feel a bit sorry for whoever sold 60k at 6p early in the day.

[james t kirk] 05/4/2006 17:35

Excellent acquisition and price drop probably follows placing, but with what looks like a profitable business and Meddis on the up, plus the needles to the NHS, this company could go places this year.

[ged5] 05/4/2006 15:44

There's been a replacement now to allow for the other 40 000 000.

Application has been made for the total of 77,329,000 new ordinary shares to be admitted to AIM and it is expected that admission will take place on 6 April 2006.

[martincoops] 05/4/2006 15:09

Sounds like a good buy. Shame the price dropped but everything is now in place ready for the needle contract. Just have to get it now...

RNS Number:0389B
International Medical Devices PLC
05 April 2006


INTERNATIONAL MEDICAL DEVICES PLC


SUCCESSFUL FUND RAISING AND ACQUISITION


- #1.769 million of new equity raised via private placement and from
existing warrant holders


- Acquisition of Response Medical Equipment Ltd for #6.3 million (including
#1 million earn-out)


- Acquisitions transforms IMD Plc into a #8.5 million turnover business with
historic pro-forma consolidated profits before tax of #800,000


- IMD Plc strengthens management team.


- Response Medical Equipment provides channels to NHS market for safe needle
products.


International Medical Devices Plc (IMD) is pleased to announce that it has
entered into an unconditional agreement with Response Medical Equipment Ltd
(RME) to acquire the whole of its issued share capital. The total consideration
for this acquisition is #6.3 million payable as follows: #1.5 million in cash on
completion with the balance payable by 30 June 2006 subject to trading
performance indicators, #2.8 million payable in shares issued at 7p per share
(40 million shares), #500,000 in deferred loan notes repayable on first and
second anniversary of the transaction in tranches of #250,000, plus in addition
an earn-out of #1 million payable in shares over a period of 3 years dependent
on the achievement of predetermined targets for the profit before tax in each of
the two financial years following the acquisition. The first #200,000 is set
against targets for 31st March 2006.



In order to satisfy the cash element of the consideration, Rowan Dartington has
placed 29,524,000 new ordinary shares in the Company with investors at 5p per
share and certain of the Company's existing shareholders have exercised warrants
to subscribe for 7,805,000 new ordinary shares at 3.75p per share. The total
raised in new equity is #1,768.888. Application has been made for the total of
37,329,000 new ordinary shares to be admitted to AIM and it is expected that
admission will take place on 6 April 2006.



RESPONSE MEDICAL EQUIPMENT LTD



RME is a distributor of medical devices and medical consumables. Its key
distribution agreements are with Welch Allyn, Ypsomed, Dr Comfort, Tyco, Medis
and Medicapteurs. In its last audited accounts to 31st March 2005, RME achieved
sales of #6.1 million generating profits before tax of #895,000. As at 31st
March 2005, RME had net assets of #2.15 million including cash of #300,000.



RME employs 19 people and has developed into an efficient, profitable,
disciplined sales organisation. Of the 4 directors/shareholders, two will be
joining the main board of IMD Plc, John Butler, Chairman and founder of RME and
Matthew Root, its managing director.



RME sells into every NHS trust hospital in the UK, and also wins regular central
tenders from the NHS Purchasing and Supply Agency. Sales are also made to
various ambulance services, the Ministry of Defence and to the private health
sector. IMD Plc will now have the channel to market to supply its range of "safe
" needle devices and an exclusive wider product range that includes beds and
hospital furniture, speciality needles, thoracic drains and sundry disposables.
The IMD Plc Board is satisfied that the acquisition of RME on top of the
acquisition of Meddis Ltd last September, will provide the Group with the sales
skills, logistic know-how and management expertise in the medical device sector
to rapidly grow revenues and profits in the years ahead.

[james t kirk] 03/4/2006 20:05

Ged, not that I'm aware of, but they were very upbeat about potential in recent RNS's. Very illiquid stock so don't be surprised to see some wild movements.

[ged5] 03/4/2006 19:30

James,

Thank you. I was attracted by the "very strong period of trading" part of the statement as well as "enjoying an outstanding six months."

I was looking through many RNS statements for companies which were likely to perform well in April (mainly for the Stock Challenge) when I came across INT. The "fast-track launch of the Company's safe needle products into the NHS for launch in April." sounded just about right - if there was anything to go with it. The above statements clinched it.

Didn't think too much of the last results which may put potential investors off but if they get some big orders that may change.

Do you know if there have been any results from the 5 trials?

[stromboli] 03/4/2006 19:19

Could be start of revival

[james t kirk] 03/4/2006 19:00

I was at work too and tomorrow, but welcome aboard Ged, this has huge potential and we should see positive news re NHS this month.

[martincoops] 03/4/2006 14:03

No I am at work today !

[ged5] 03/4/2006 13:44

A few buys coming in now. Looking good. Is anyone at home?

[ged5] 03/4/2006 08:38

Good morning James,

Thought I'd join you this morning. I've been holding off to see where it would settle. Put these in the stock challenge selection so I thought I better not delay any more.

Hopefully we'll get the good news that's expected sometime this month. The trading statement sent out good vibes without the forthcoming deal so I expect some movement on the news.

Noticed the offer price was soon moved.

[james t kirk] 30/3/2006 08:59

You can now buy at 7.2p very tempting, considering RNS will be due in April re needles.

[james t kirk] 23/3/2006 15:10

I did the other day 5k @7.36p ;0) - Only small amount but may be back for some more with HML cash...

[neguss3] 23/3/2006 14:27

This looks ready to head north now think its time to add

[james t kirk] 14/3/2006 16:35

No surprise that this has weakened as some T10's are due to close out. I'm waiting to add a few more cheaply if thei goes much lower.

[james t kirk] 09/3/2006 10:26

Online limits

sell 75k @ 8.12p
buy 75k @8.69p

Looks good to hold steady here until next news and I'd suggest both 100k's today are buys too.