Deltex Medical Share Discussion Threads

[yump] 08/7/2016 09:43

I don't think I'm imagining it, but I'm sure I heard fluid management/after care mentioned briefly in a TV piece about the investigations of deaths at Southern Health Trust recently. It does beggar belief that improvements take such an effort to implement.

Noone can really say that its money related or pressure related, because the same structural problems of adopting new tech. have been there in the NHS for years as far as I can remember.

[fozdad] 08/7/2016 09:27

Yes, your figures are incorrect.

There was £575k at 31/12/15, they raised £516k and had £500k at 30/6/16.

That's cashburn of £100k per month and that is considerably less than last year, so cash breakeven shouldn't be too far away if US sales continue to rise

[dj trading] 08/7/2016 08:27

Where has all the cash gone? or is £0.5m a typo?

Buy my very quick calculation - cashburn for 1H is around £2.3m or nearly 400k/month!?

Surely this is incorrect?

[february 30th] 08/7/2016 08:13

Well, I think the trading update was a bit light. Deltex mention a trial on their website, but don't add it to the announcement. Also, it would have been good to have some indication on how FX changes are going to impact the company. I can't see the GBP recovering this side of Christmas, so there is the question of whether additional overseas costs will drown out the additional Sterling revenue. Costs aside, Deltex is an exporter, and continued Sterling weakness may help the company.

[ramnik007] 08/7/2016 08:04

Hopefully the trial results will help clear confusion in NHS about fluid management. I.e. Only use ODM if u want effective outcomes.

[fozdad] 08/7/2016 07:54

Well they promised us that the result from a trial to directly compare methods of fluid management were due this summer so maybe that is it?

[february 30th] 08/7/2016 07:40

You always have to careful googling Deltex, because you find some good news and then realize it's ten years old. With that in mind, I found the following on Deltex's own website, with a July 2016 date:

hxxp://www.deltexmedical.com/st-thomas-rct-demonstrates-significant-reductions-in-los/

"Results from a 127 patients, single-centre, patient-blinded, randomised controlled trial for elective colorectal surgery within an enhanced recovery programme, were presented on 6th July 2016 at ACPGBI. Patients received simultaneous monitoring using oesphageal Doppler (ODM) and LiDCOrapid when undergoing both open and laparoscopic surgery."

So is this the direct comparison between CardioQ and Lidco that Ewan was talking about? The punchline is that "Length of stay may be prolonged in the LiDCOrapid group”.

Given the apparent July 2016 date, shouldn't they have thrown this news item in with the trading update? Or in spite of the date, is this old news?

[ramnik007] 07/7/2016 16:00

Fingers crossed

[waywardlad] 07/7/2016 15:45

We should be getting the trading update tomorrow

[arf dysg] 06/7/2016 09:43

doglover2003 (8185) "If there's something which you want help with as regards understanding economics I will try to assist."

I thought you were offering a couple of definitions of words used in economics. Notice that's a constant theme of my last 3 or 4 postings.

[doglover2003] 05/7/2016 20:18

Arf

Sorry not interested in this.
please try Google

[djgrantb] 05/7/2016 11:26

4 million sale yesterday were part of the 10m new shares sold to an "investor" for .43p, raising 430k, see RNS from a few days ago...

[arf dysg] 05/7/2016 11:10

doglover, I'm not trying to get into the political debate; I was just observing that the debate exists, and the left- and right-wingers will have markedly different opinions, as to how much support rich countries give poor countries, and for how long.

Also: the debate in the EU is a larger-scale version of the debate within each individual country.


My actual question was as stated: the meanings of the words monetary, financial, fiscal and economic, and whether or not that includes manipulating one's currency.

[youwontripmeoffagain] 04/7/2016 22:32

Thank you fozdad

[doglover2003] 04/7/2016 21:09

Arf

I don't want to get involved in a political debate.
If there's something which you want help with as regards understanding economics
I will try to assist.

In an EU of 27 members who have between them dominant political views of many varieties, isn't it no surprise that the necessary compromise, the lowest common denominator, ends up being inadequate to meet what is requires e.d EURO and Shengen.

This feature alone of the current arrangements ensures significant change only comes as a result of a crisis. That is why I still have some optimism for the EU as it is still not too late to make the changes which BREXIT has highlighted.

[fozdad] 04/7/2016 20:44

Mainly 1 transaction at the placing price from last week.

Maybe the placee selling down to maintain anonymity?

[youwontripmeoffagain] 04/7/2016 18:38

Why were there over 4 million shares traded today ?

[arf dysg] 04/7/2016 17:45

doglover (8181): Governments cede ability to adjust the value of their currency and must rely on fiscal and monetary policy alone.


Now I must ask about the definitions. On the news, I often hear financial journalists use words like "fiscal", "financial", "monetary" and "economic", but there's one little catch...

NO-ONE HAS EVER TOLD ME WHAT THOSE WORDS MEAN.

Does one of those words mean manipulating the currency, or is that yet another thing?



doglover: "There would come a point at which other members balk at the idea of further "ASSISTANCE"."

Well, that's kind of how an individual country works. Unemployment benefit is provided, also housing benefit, etc. to those worst off. If you're a right winger you say "stuff them" and you don't bother to have a welfare state. If you're a left winger you approve of the welfare state. Similar thinking would decide whether or not you think it's right for richer countries to support poorer countries.

In the EU there is likely to be continual arguments between the right-wing and the left-wing schools of thought, as to how much assistance to give to poorer members.

[doglover2003] 04/7/2016 16:39

yump

In a situation within a fixed currency area there is no escape mechanism. Governments cede ability to adjust the value of their currency and must rely on fiscal and monetary policy alone.

As the Greek situation illustrated very well it is not sufficient for the other members to be willing to lend to get a country in a mess out of it. We are taking about debt write off or even fiscal transfers possibly indefinitely. There would
come a point at which other members balk at the idea of further "ASSISTANCE". However, at this point markets would lose confidence in other weaker members of the group bond yields would rise dramatically and disintegration becomes the likely outcome. The fundamental flaw of the Euro design is that no provision for this situation was made. Here Germany's attitude is key they regard the likes of Greece as irresponsible in dealing with their debt and financial commitments.

There it is the brotherhood of nations in the EU ....... or rather fratricide.

[yump] 04/7/2016 16:18

I feel I must apologise for starting this up again, especially as I am now thoroughly confused.

I do agree that an inability to devalue a currency limits a country's ability to stimulate their economy, but not the general 'therefore the EU is pants' conclusion.

What the effects of a devaluation have on other economies of other countries, I don't know as I wasn't taking any notice back in the 70's, as rock concerts were more important.

Perhaps it all boils down to whether countries want to lend a hand to each other or not. Judging by the increasing rich/poor split within countries like ours, the answer to that is probably no, not if it affects my back yard.

OMG I sound like Eeyore.

[doglover2003] 04/7/2016 15:13

Arf

You are not seeing my point.
Cogito ergo sum (CES) seems to be a statement which is necessarily true.
The question however arises as to whether it is logically true i.e that it is an inference or whether it is an observable fact. I am not suggesting which is the correct interpretation. However, I am simply pointing out that the inference to be drawn from a set of statements is not a simple matter.

If you see on wikipedia Kierkegaard suggested that Cogito assumes the "I"'s existence and the statement is simply developing the content of the concept which is "I"which already exists.

(PHEPH) Post Hoc Ergo Propter Hoc fallacies entail the claim of causality to the relationship of events in time alone. This leaves room for error in the case of possible multi causes or even error in the direction of causation.

I think I have said enough on this to demonstrate that logic is a difficult quarry to pursue .

[doglover2003] 04/7/2016 13:09

Arf a minute

Consider for a moment

"cogito ergo sum"

Is this a valid statement?
Can one logically infer existence from one's own thought process?
This example illustrates a difficulty in distinguishing logical deduction from
empiricism.

"post hoc ergo propter hoc"

This is the fallacy you refer to and its language suggests that it is not a recent phenomenon.

[arf dysg] 04/7/2016 11:29

yump (8170)

"There should be a compulsory GCSE in logical reasoning. Otherwise we may as well go back to worshipping trees and listening to birdsong to make decisions."


This is an entirely sound and sensible suggestion, although suggestions like that have a history of being ignored in favour of extensive studies correlating your love life with your star sign, or quoting statistics on the healing power of homeopathy while ignoring the identical success rate of the placebo effect.



There are all sorts of simple reasoning fallacies which schoolchildren ought to learn, which would stop them being manipulated later in life by anyone with an agenda. Here's an example:

There is a 100% correlation between the incidence of rain and wet pavements. It is absolutely proven that rain causes pavements to get wet. And now look: the pavement is wet. SO WHAT DOES THAT TELL YOU? [the fallacy is, of course, that there are other causes of wet pavements, such as the chap next door washing his car. Ergo, a wet pavement does NOT mean that it's raining.]

Another example: you may accuse me of something, but look at that guy: he's obviously guilty of this crime THEREFORE I MUST BE INNOCENT. [fallacy: the real world is far more complicated and there are very few either/or decisions. Mostly it's a mixture, i.e. THEY'RE BOTH GUILTY AS HELL and there might even be a bit of a third person's guilt, too]


These kind of fallacies are used all the time, not least in the stock market where people are trying to persuade us to give them our money.

I'm sure this leads to wrong decisions in many court cases, because lawyers are skilled in constructing plausible-sounding arguments while the average juror is not skilled in detecting logical fallacies.




BigT20 (8173): "Now Italy is in the Euro, its in effect in a straight jacket"

Straitjacket

Note the two similar-looking words, one with a GH and one without.

Strait(s): (as in dire straits or even Dire Straits): a tight place, constricted, narrow passage, as in The Straits of Magellan, a narrow and very rough patch of water crossing the tip of South America


Straight: not curved

[doglover2003] 04/7/2016 10:25

Yump

So, do you have view on unemployment in the EU?

Starting at the top Germany the undisputed industrial leader in EU has 6.1% unemployment as against UK 5.0%.

One can easily dismiss the disparity as the continuing effect of the unification with East Germany. However, even this argument can be rejected on the basis that unification allowed Germany to keep its costs lower and thus demand was higher and employment too. The Euro also allowed Germany to export outside Euro zone more competitively than would otherwise have been possible.

The truth of the matter is that the unacceptable level of unemployment is the result of the fixed exchange rate depriving weaker members of the possibility of using devaluation to stimulate their economies combined with the labour market and other market rigidities which inhibited competition.

The EU single market is a customs union set up to protect its membership so that it does not face the full effect of lack of competitiveness created by the above market interference.

There is no doubt that the dominant factors of increasing globalisation and the advance of technology will add further to the strains on the EU model. The EU seems ill-prepared to meet this challenge. Therefore, whether or not you supported Brexit perhaps it will be possible that we can agree that the result of the referendum may actually move the EU into making significant reforms which will UNBREXIT the UK and/or facilitate the survival of the EU as a going concern.