Deltex Medical Share Discussion Threads

[nobbygnome] 26/5/2023 14:17

19% down on virtually nothing traded; the world is mad!

[mrc2u] 26/5/2023 13:04

Agree these should go up when new monitor launched. I was just rather hoping that would be up past 2p and not just back to where they were a couple of weeks ago. They need to build momentum with a stream of news flow not stop start and repeated delays in the commercial progress

[nobbygnome] 26/5/2023 09:25

Launch of the new monitor should be no more than 5 weeks away. As gbenson says, it’s all about patience. I will be buying more ahead of that launch but am sitting on my hands for now.

[gbenson1] 26/5/2023 09:09

Patience mrC2u, this is DEMG!! If I was cynical, this morning there have been approx £3,500 worth of shares traded and it has knocked 10% off the value of the company? I believe this is the mms getting there deck chairs in a row so as they can buy and sell at a lower rate when the good news of the new monitor being sold hits! imho

[mrc2u] 26/5/2023 09:02

Let's hope he starts buying some more and soon

[nobbygnome] 20/5/2023 05:33

A very good point gnmartin and I should have looked back at his previous holding announcement. On 3rd August 2020 he had 26.263 million so since then he has bought over 16 million. So it would appear he is slowly accumulating and let’s hope he hasn’t stopped yet!

[gnnmartin] 19/5/2023 20:07

Nobby, if you have 5.1% and add another 1% buying in 100k chunks, it is only the last 100k purchase that get recorded, the one that tipped you over a whole percentage point.

[gbenson1] 19/5/2023 14:34

Long may he continue, he might even post on this board? I've had 2 posts ticked up and that's really unusual!

[nobbygnome] 19/5/2023 14:29

Interesting that when he owns 6% he can be bothered to add an extra 100k; it would appear he deliberately wanted to go above 6%. I wonder if he was at the AGM….

[nobbygnome] 19/5/2023 14:26

High net worth

[nobbygnome] 19/5/2023 13:54

Andy talked about some HNWs adding so he must be one of them. He implied there was more to come…

[gbenson1] 19/5/2023 13:34

Who is Michael Stubbs? There are lots of M Stubbs, however it might just be a coincidence that Michael B Stubbs MD is an American Cardiothoracic surgeon, anyone got any thoughts!!

[gbenson1] 19/5/2023 13:09

Nice to see Michael Stubbs has added another 16,000,000+ shares since Mar 2020, and now hold 6% of the issued share capital, if that's not positive I don't know what is, onwards and upwards..

[mrc2u] 18/5/2023 08:24

It was all positive and price should go up strongly over next few months. Have checked in with a couple of people who know what they are talking about and, if they are smart and avoid being unlucky, there is a decent chance of FDA approval before end of this year. The executive team impresses. Far too many NEDs and they look well passed sell by dates. No idea what value they think they add and can't see downside risk of a clearout MrC

[nobbygnome] 18/5/2023 05:52

Yes that is what was said yesterday and the chances are it will be launched whatever the result. They know it works at least 70% of the time and that is probably high enough

[amt] 18/5/2023 05:10

It hasn't been mentioned on this BB but pleased if that's what the stated at the AGM ie that it is expected to pass tests and be certified in H1 24.

[babysitter] 17/5/2023 20:02

It has been discussed, more than once.
It is expected to pass tests and be certified for sales in H1 24.

[amt] 17/5/2023 19:43

Nobody has mentioned the non invasive monitor. For me that's by far and away the most important development and is crucial to a step change in sales.

[nobbygnome] 17/5/2023 14:54

So a well attended meeting and certainly the most positive meeting for a while. A few key points. Clearly they are confident of being cash flow positive in the second half although the new monitor launch will come too late for the first half numbers. The Latin American tender could be big but they don’t know yet how big. They are the only heamodynamic monitoring system on the tender as the two companies on there previously have been dropped for various reasons. So there is governmental money available in the next few months to purchase monitors and probes and as I understand it this will be the old monitors. The distributor company in that country is quite large and so the expansion in headcount to service the rollout is not a problem to them and they have already allocated 3 extra people to the account.

The UK and EU market which will be immediately available for the new monitor launch is around two thirds of their total market so big potential for an increase in turnover. Other countries should follow fairly soon with the US coming on stream in the first half of next year.

So overall I think there is no doubt prospects for the company are looking the best for many years and IMHO the current market cap looks cheap as the turnover should go up sharply in the coming months!

[babysitter] 17/5/2023 13:00

I'll second that.
Good to see you guys there.

[nobbygnome] 17/5/2023 11:47

A very positive AGM. Will post more later….

[mrc2u] 17/5/2023 08:29

>>little nobby chapPeru is in South America. Suspect this means Cuba (unlikely) or Mexico (hopefully) or (hopefully not) Belize or similar. Think Mexico would be better than Peru.Hope your journey going better than mine...MrC

[nobbygnome] 17/5/2023 07:31

On my way to the AGM so I will meet any fellow participants there!

WRT a sales increase, clearly the release of the new monitor will cause an uplift and the potential of the national tender in the Latin America country (presumably Peru) sounds promising in that regard too. The latter was always the Holy Grail for driving sales

[amt] 17/5/2023 07:07

I was disappointed that the non invasive version doesn't even start trials until later in year. Then assuming successful, how long after that before sales come through. Only when they have non invasive tech will we see sales pick up in my view.