Dawmed Systems Share Discussion Threads

[gelp] 12/3/2007 08:03

Thats fine with me!

[mjcrockett] 06/3/2007 10:25

Gelp, not so long ago the spread here was 4 or 5p, so 2p is an improvement. I agree with you that Dawmed could be a takeover target. However, with directors owning over half of the shares any bid would need to be a lot lot higher than this. I believe that the directors want to build up the business (and the share price) before selling it.

MJ

[gelp] 06/3/2007 09:41

I picked up 50k at 8p on line this am (8.25 was quoted over 25k but eventually came in at 8) The main point is that the bid is only 6 which seems ridiculous. Surely at this low m/c must be attractive to other health care operations looking for some consolidation unless we have any very bad news around the corner - but recent statement was opportunity to throw everything in, in one hit. Surely spread will reduce.

[billbyrne] 06/3/2007 07:59

Thanks for that mjc, i assumed they were buys because 8.25p was the
buy price which moved the price up over the last few days. Its a good
sign of confidence though that we have a large buy order out there.

[mjcrockett] 05/3/2007 23:08

Bill, I believe that those 200,000 shares were actually sells. I did a quote this morning and I was offered 8.25p to sell and 8.50p to buy. It looks as if one market maker (Winterfloods) had a substantial buy order to fill, which they completed today. So someone somewhere thinks these are worth a lot more than 8.5p.

MJ

[billbyrne] 05/3/2007 19:54

It must be because the markets are jittery at the moment.
200,000 shares bought and we are down 1p. It could be that
with the RNS last week the seller has finished so we should
be seeing the share price move up with that many shares bought.
Not many shares in issue so will move up quickly if there is
sustained buying.

[petergoddard] 26/2/2007 11:06

mjc - An even better idea. Let's hope that we get some useful information from thread "members"

[mjcrockett] 25/2/2007 18:49

Peter, that's a good idea. Except, with a lot of the sales of the Clinic now going to dental surgeries and opticians you could widen the scope to include these people. In fact, I do not think sales of any of the Dawmed products to GP surgeries are particularly significant.

MJ

[petergoddard] 25/2/2007 08:49

Has anyone here
a] Got a relation or other contact working at a hospital or GP surgery and so can find out, on a personal/user level, how the company's products are regarded within the NHS?
or
b] has spoken to their own GP's Practice Manager to find out the same?

Would be worth doing I feel.

[vuelands] 23/2/2007 23:09

I think its time to buy long term

[mjcrockett] 21/2/2007 13:37

Yes, excellent news today of a long awaited overseas distributor. It is interesting to note that this is for a NEW bench top washer-dryer. It may be that the distributor requested changes to the 'Clinic' to meet their clients' needs. Whatever, I like the sound of a 'substantial minimum number' - these devices are not cheap.

MJ

[billbyrne] 21/2/2007 13:16

I,m back in as well. Lets see if the news wakes everyone
up to the potential here.

[gelp] 21/2/2007 13:14

Yes - nice news today, stock hard to come by, 2nd highest riser today - still hate the spread but again - what the hell!
PS: Would be nice to know the name of lucky distributor as well!

[freestyle] 21/2/2007 13:05

Well,

I've got a holding from the original days but today with the agreement I put my toe back into the water. I paid above 7 p but I'm happy to do so given the huge upside on this small engineering company

[gelp] 20/2/2007 12:18

MJ
Have bought at 7 today - hate the spread but what the hell. I agree full time FD with credentials will greatly help things along. The failure in systems to allow running up a bad debt of such a size will surely be addressed. The low level of the share price may tempt opportunist stake building buy others in the health sector. Why wait for price to rise.Can't believe will dip below £1mil m/c! I expect some institution has got a bit impatient with the entrepreneurs but the new FD will help.

[mjcrockett] 20/2/2007 09:29

Gelp, I think ridiculously cheap. Given what the company have said that they are confident about prospects for the current year, it would seem that the results next month will be reasonable. Also, 2007 should be a particularly good year for the company with new European regs coming in. Further, the appointment of a full time FD must show things are going pretty well. I have bought a few shares in recent weeks, but someone else has been selling. Perhaps, as you say, they have been spooked by the bad debt.

I agree that DSY would be attractive to others. However, with 2 founding directors having substantial stakes, I would not expect anything to happen until the share price has recovered substantially from these levels.

MJ

[gelp] 20/2/2007 08:22

cheap or very cheap
price covered by NAV
expanding sales, unique products, and price hit by disclosed one off bad debt -- possibly to be recovered - need not be long and lengthy faced with determined legal action.
very attractive to others in Health sector?

[billbyrne] 22/12/2006 13:04

I was of course referring to the legal proceedings against a trade debtor
to recover £146,000 in commission. A lenghty and expensive process. Even
if they are successful it can damage the share price while it is ongoing.

[mjcrockett] 21/12/2006 17:45

The last RNS was only about an unpaid debt of £150K, which, I would have thought, should not have any significant impact on the company. What the last RNS did say was that the results were in line with the comments made in the interims i.e. that the second half was at least as good as the first. This seems like good news to me since the second half was the first half year without any revenue from the large WDD contracts - hence validating DSY's strategy.

MJ

[billbyrne] 21/12/2006 16:59

This is beginning to look bad. 40,000 sold at 5p This could be heading for a
big fall. I am surprised it did not fall after the last RNS

[mjcrockett] 20/10/2006 22:29

Yes Vuelands, These 2 trades seem to have cleared out the seller. I wonder if they might be director purchases, although if the results are out in mid December as last year they will be in a close period now.

I agree that with you that the prospects are very good. However, I am not expecting too much for the year just finished. The guidance was that the second half would be similar to the first - i.e. a very small profit. This, in my view, would be a tremendous achievement given that they sold off their biggest business (by turnover) at the beginning of the year.

MJ

[vuelands] 20/10/2006 22:01

Someone at last seems to understand the potential of this company. see todays purchase. Every prospect of a good profit this year with much more to come.

[mjcrockett] 17/10/2006 14:54

Dawmed shares now on sale at 8.10p each. Probably someone must be trying to fill a large sell order. Will they get cheaper still? Can I afford to buy any more?

MJ

[davehome] 30/9/2006 20:35

MJcrockett - This share was mentioned on another share price BB, hence all the small buys going through. People will have a punt of a few quid on even a slight tip. IMO

[mjcrockett] 01/9/2006 22:21

Vuelands, as far as I am aware there are no problems with the business, but the occasional seller has brought the price down and, as you say, the lack of news does not encourage buyers. It looks very possible that these will turn in a reasonable profit next year and if they do then we could see the share price increase dramatically from here. I have swapped emails recently with the exec chairman regarding the share price and he is frustrated by its poor performance. So I would hope to see a bit more publicity for the company over the winter months.

One point to note is that Dawmed have products and a lot of experience in their field, which currently is only sold in the UK. Two of their products could easily be sold abroad and with the right resellers there could be huge potential.

I suppose there is considerable risk in changing a business model as Dawmed have done recently and the market is reflecting this and waiting to see some results. But, the shares do seem incredibly cheap - IMO.

MJ