Deltex Medical Share Discussion Threads

[gbenson1] 03/6/2020 07:14

Nice update, pleased to hear of the increased revenues in Mar/Apr and also the increased demand that we are now moving some focus always from Covid-19, but I'm still not too happy in cutting our costs further, we need to be ready and staffed for more demand for the return to normal surgery's and be able to promote the company both in the U.K. & worldwide!

[mrc2u] 01/6/2020 15:23

NobbyNot so sure that DEMG's statement at Wednesday's AGM will be anything other than disappointing. They have already highlighted that they got a small positive from CoVid in ICU probes but lost out on surgery as there isn't muchLID on the other hand got a big bounce. Remember that they sold as much in Q1 20 as DEMG did in the whole of 19. That is a dreadful result for DEMG when their & LID's sales were pretty much neck and neck until a couple of years agoWhat is the difference? Clearly LID sold a stack of monitors and DEMG very few. This is because, along with the other changes it desperately needs, DEMG needs a new box to sell. I think I am right is saying their box is literally from another centuryThey showed us a design at an open day 4 or 5 years ago but still no new box so, metaphorically, they were found to be swimming naked while LID were making haySo I looked back at the accounts which are due to be approved at the AGM to which none of us can realistically goAt end of 2019 they had cumulatively spent £1,575k on the next monitor. At 2018 this was £1,424k, at 2017 £1,331k and 2016 £1,299kSo in FOUR YEARS they have only spent £276k on the new monitor they desperately need and now look mega stupid to not haveWorse, 4 years ago they had already spent a fortune but still no product. They do not split out between projects in earlier years but looks like they have been racking up costs on a new monitor project for at least ten yearsThis is pathetic so I am very cross at the BOD hiding away from the scrutiny they deserve at the AGMThey have spent over a decade not getting a new product and look like they are being left for dead by LIDOnce again what they need isNew & smaller boardNew chairNew advisersNew monitorNew business model (that includes selling boxes as well as disposables)New marketing storyThose of us who have supported the company through fundraise after fundraise have already paid for the above and now need to see the returns along with some effort to actually deliverMrC

[pugugly] 01/6/2020 13:26

However like LID share price boosted by Covid - possible fall back if and when vaccine available - OK used in elective surgery but some at least of the potential patients have moved onto a higher or lower environment (that is if one believes in an afterlife apart from feeding the worms or increasing the level of CO2)

Agreed spread horrible -

[nobbygnome] 01/6/2020 10:50

The MMs not taking any chances here with the spread😆

[nobbygnome] 01/6/2020 10:03

I am buying today. I guess the pullback is related to LID's poor statement this morning but that only serves to highlight the ridiculous discrepancy in the relative valuations. DEMG is far more likely to be taken over than LID because of their novel more versatile technology.

[mrc2u] 26/5/2020 15:36

The AGM is next week in Chichester and I doubt there will be many holders going or allowed to go under the lockdown rules, unless that nice Mr Cummings is amongst our happy bandItem 2 on the agenda is To re-elect as a director Julian CazaletOnly boilerplate waffle is given in the Chairman's smug letter as reasons to support thisA quick look at Companies House tells us that Charles (that's his first name) turns 73 in November and has given up pretty much all his commercial directorships. He was first appointed in April 2008 so has already spent over 12 years on the Board. The FRC code of conduct suggests a maximum of 9 years for non-execsWhen a company desperately needs a new Board, why re-appoint someone clearly retired who has had more than enough chances to add any value they are ever going to add?Why do we need him? What has he done in all these years? What on earth is going to do now?Looks like he was a City type in his day. They keep telling us they don't need new money. Is he seriously going to help them get the new monitor they do need?BTW I did go to an AGM two or three years ago where Charlie took the chair but rudely refused to let a private holder have his say. Wasn't impressed then and we really, really don't need him now or his feesMrC

[gbenson1] 26/5/2020 10:12

What happened to the grim-2nd lieu's prophecy!!

[vega44] 24/5/2020 14:49

Lidco apparently where the bid interest is, according to the Mail..

[colonelgrim] 21/5/2020 12:10

Lookout LONGS prepare to get your asses burnt off, what?

[nobbygnome] 21/5/2020 07:37

I think it won't take much to get the price going again this morning. A couple of reasonable sized buys and we will be off to the races IMHO.

[nobbygnome] 20/5/2020 15:37

Yes if you look at the chart it has a long way to go back up. Amazingly oversold IMHO....

[faz] 20/5/2020 14:48

I have quite a few thanks! It was at 1.799 btw. I would imagine the brokers had a number of these and thats why the price was stable as they got bought earlier today. Spread is wide but market cap peanuts, so nt a share for stop losses.

[nobbygnome] 20/5/2020 14:44

Go on hit the buy button then 😜.....

[faz] 20/5/2020 14:43

I can buy 250k on AJBell. Still, nice to see some upward movement

[mostro] 20/5/2020 14:43

Great, well let's hope more rise to come!!

[nobbygnome] 20/5/2020 14:36

Oversold and undervalued, quite a good combination generally speaking....

[mostro] 20/5/2020 14:25

Ooooh er Nobbygnome, what is going on??

[nobbygnome] 20/5/2020 14:23

Arden just flipped from the offer on to the bid...

[nobbygnome] 20/5/2020 13:52

1.5-1.75 now! Marked up during the auction....

[royalalbert] 20/5/2020 13:51

Correct but they are mm's, so don't play fairly.

[nobbygnome] 20/5/2020 13:48

Why do MMs do that. I don't believe they are short, so just carry on trading and if they don't want to deal at this level, just move the bloody price up!

[royalalbert] 20/5/2020 13:44

Can't price at present, mmm.

[nobbygnome] 20/5/2020 13:39

This was about an hour and a half ago before a few of the bigger buys but they were bidding up for close to a million shares!

Also just got some through Spreadex but I couldn't trade online. When I rang they said they were up to their limit but did let me buy another 100k!

[royalalbert] 20/5/2020 13:30

It's alive!!!!!!

[royalalbert] 20/5/2020 13:25

Could you put some figures on that please Nobby.