Deltex Medical Share Discussion Threads

[supernumerary] 25/7/2018 12:01

There's something wrong with Keen's statement -

"We have responded to disappointing trading in the first half by [ ... ] and the leadership of the Group has been changed to ...'

I think there's a phrase or entire sentence missing at the square brackets. It somehow seems entirely appropriate, as is the fact that they haven't bothered to correct it.

[arf dysg] 25/7/2018 09:44

HERE IS THE NEWS!!!

Our massive profits have been mildly disguised because our February revenue has slipped into 2019, our March revenue has slipped into 2020, our April revenue has slipped into 2021, our May revenue has slipped into 2022 and our June revenue has slipped into 2023.

But for these minor timing adjustments, our first-half revenue would have been GBP 13.8 million.

[arf dysg] 25/7/2018 09:39

chrisdgb (9431)

What you say is true, although I don't think we should be relying on these things. This business ought to be robust enough to withstand H2 weighting, dollar fluctuations, etc. A good balance sheet is of course essential, but it shouldn't rely on begging - it should result from profit.

I've held these for years... and years... and years... it used to be so promising, as the revenue kept rising, but the last few years have not shown any obvious breakthrough.

[yump] 25/7/2018 09:17

Can anyone name any medical device that has generated a profitable company, when the company just sells that one device, selling to clinicians in the NHS or any group of hospitals ? Just a quick quiz.

I think it may be like trying to sell a fancy new food mixer direct to the food manufacturing industry...

The sales costs are too high per sale and there's no way of getting them down.

[catch007] 25/7/2018 09:13

Its a money pit I have been trying to find optimism for several years and the management team consistently fail …...what a crock!

[chrisdgb] 25/7/2018 09:09

Well, I will try to find optimism in the new management, H2 weighted, $ has strengthened which should help, stronger balance sheet and possibly a takeover............

[gnnmartin] 25/7/2018 08:39

Pretty shocking.

[bypooh] 25/7/2018 07:22

Well done the new team. Looks like they are trying to continue the tradition of losing £2 million a year.

Did anyone ask the new CEO if he would have done anything differently in the 29 years he has been with the company?

[arf dysg] 18/7/2018 09:07

I see that the phantom negative voter has finally worked out what a Klein bottle is, and how much it contains.

[catch007] 17/7/2018 21:35

The share price is 1p and some moron is marking posts down that show investor displeasure at an inept executive team who couldn't sell water in a desert! For goodness sake lol

[arf dysg] 16/7/2018 11:05

buywell3, thank you sooooooooooooooooooo much for your contribution

Ha ha haaa hahaha hah a HAHA haha HAHA haha haaaaaaa

huaaarrrgh huraararaaaargggh
fnarr fnarr fnaarrr

Cough chortle chortle cough cough puke bluuurrrrrrrgh

Oh, no, I've coughed my guts all over the desk!

[buywell3] 13/7/2018 14:01

A penny for your thoughts Gents ?

[arf dysg] 06/7/2018 14:12

You could put our profits in a Klein bottle. Sigh.

[arf dysg] 04/7/2018 14:52

There's lots more where this came from:


July 2018

NRA to enter 2022 World Cup: "We'd be unbeatable in shootouts", says spokesman

Morrissey cancels shows but ticket sales aren't affected

NHS England to remove ineffective treatments but still keep ineffective managers

Residents of burning moor complain about smog drifting in from Manchester

Cycling's Chris Froome says "Dropping that doping charge is a shot in the arm for me."


June 2018


Secret photographs reveal English football team training in barn-door hitting and brothel scoring [There's a "world cup" on, whatever that means]

Hamlet undecided about using soft or hard pencil [it took me a long time to get this]

Germany begins disastrous retreat from Russia after crushing defeat

For you, Fritz, ze cup is over

World wonders what the German word for "Schadenfreude" is

Autocorrect recognised as a headline writer's worst enema

[catch007] 27/6/2018 18:59

Regrettably unless we see a significant new change and focus I just cant see any signs of recovery.....the old adage applies here keep doing the same thing and you will get same outcome yet they never learn that. I sit on losses like so many and have allocated the position as a probable write off … I hope I am proved wrong!

[arf dysg] 27/6/2018 15:36

Wigwammer, there's always the all-caps technique. It's quite common on ADVFN.

[buywell3] 27/6/2018 14:09

FWIW

I tried to buy several millions in this share at 3p a couple of years back when the share price was around 3.4p

Lucky for me the trade never was filled , I had it on for several days too

As my presence is not appreciated

I shall not be a buyer going forwards

My worry now is that potential clients looking at the chart and financial state of Deltex won't be too keen to place any orders in case Del;tex now falls into administration when the cash runs out ... hence my cash question

Cash burn per month taken from another poster

I think it will have to rise to win any orders now

[arf dysg] 27/6/2018 11:56

Doh! You did it again! Try this:

H Cnt - gd t s ’r stll kpng th fth. ’v nvr knwn stck qt lk ths n. Wll vr 1m ppl hv bn prtd n sng DM - tht’s vr 1m tms tht srgn hs blvd tht DM wll hlp, tht rgltr hs sd t cn b sd, tht ptnt hs llwd t t b sd n thm, tht t hs wrkd sfl tc. t th mrkt cp sts t sb £6m. Srl thr s sm
w f trnng ths nt prftbl bsnss! Fngrs crssd w gt sm (n) srt f ncrmntl gd nws sn..

[wigwammer] 27/6/2018 11:50

Arf - down votes are proving fortuitous. I'll leave the vowels in, thanks :)

[arf dysg] 27/6/2018 11:37

Wigwammer, I notice a common theme in your posts which were downvoted: THEY ALL HAD VOWELS IN THEM.

If you try posting without vowels: that may stop the downvoting.

Happy to help.

[wigwammer] 27/6/2018 11:35

Hi ticky down, my lucky pal! See you've been over to the RENE board too. So as well as multiplying on HVO, you can see I'm +30% on RENE over a few days. Enjoy ;)

[wigwammer] 27/6/2018 10:43

Hi Count - good to see you're still keeping the faith. I've never known a stock quite like this one. Well over 1m people have been operated on using ODM - that's over 1m times that a surgeon has believed that ODM will help, that a regulator has said it can be used, that a patient has allowed it to be used on them, that it has worked safely etc. Yet the market cap sits at sub £6m. Surely there is someway of turning this into a profitable business! Fingers crossed we get some (any) sort of incremental good news soon..

[dj trading] 27/6/2018 07:21

For info
1H 17 cash burn £106k/month
2H 17 cash burn £97k/month

From the results
"The Board expects the operating cash profile to improve further in 2018 as a result of the additional cost reductions already made or in hand, a return to sales growth of our high margin products and contribution from new products now available to our customers."
Further savings fine but sales growth?

I agree with sentiment in posts above - all of the recent cash reductions should have been put in place 5+ years ago when it was obvious that NHS adoption was not going to take place at scale or pace just because NICE said it should!
Dave

[the count] 26/6/2018 21:57

--->WIGWAMMER

See what I mean about the trolls that keep on posting? That's why I stopped wasting my time engaging them... they don't want serious dialogue. There is no way they are even holders of the stock, so why do you think they spend so much time posting deliberate negativity? I say deliberate because it surely isn't beyond BUYWELL to check that the company is nowhere near a monthly cashburn presently of the figure he states as they have implemented cost cutting, and further cost cutting this year to get them to a cash breakeven point.

The idiot also forgets to mention the other very material fact that the company have only just raised a further £2m in the large (and highly dilutive) funding round of this year.

Do you seriously think he doesn't know all this when he makes his posts? So why does he continue making them I wonder?

Regards,

THE COUNT!

[buywell3] 26/6/2018 13:54

So with current cash burn ... see recent post 2017 £102k/month

How much cash have DEMG got left ?