Deltex Medical Share Discussion Threads

[greedfear] 15/2/2024 11:04

Yeah, one has to be an optimist wanting to buy something nobody wants or likes. :)
What is keeping me optimistic is the fact that I am very wrong maybe two out of ten times, losing it all.
While the times I’m more or less right makes me 2-10x.
Very happy with that kind of return, no need to change that strategy. :)

If only, DEMG could get back to 6 million in revenues.

[trentendboy] 14/2/2024 21:39

I like your optimism. 10 years of dreadful performance says otherwise

[greedfear] 14/2/2024 17:57

News for all DEMG apes: First Recorded use of Deltex Technology in Gorillas LOL

hxxps://www.deltexmedical.com/news/first-recorded-use-of-deltex-technology-in-gorillas/

[greedfear] 14/2/2024 09:34

Latest trading update: “ Further shipments of the new system are taking place this month following receipt of components for the first larger production run, giving the Group a strong start to 2024.” (18-1-24).
Indicates business is improving.

[greedfear] 14/2/2024 09:28

According to the latest interim results and the trading update they are selling. Not as much yet as shareholders would like to see, but the launch of the new monitors has just taken place and tenders are still in play.
2H revenues were something like 0.75 million. Gross profit 0.5. Overhead 1.0. Loss 0.5.
Cash position 30-6 0.1 equity raise in august 1.9, total 2.0.
Assuming loss is all in cash, then remaining cash 31-12-23 is 1.5 million.
There’ll be sufficient cash to keep the company running for at least another year. Only 3.0 yearly revenues needed for break even. Very doable looking at the past.
I believe in a turnaround.

[trentendboy] 13/2/2024 21:33

But they are not selling any monitors ... and have no money left. How do they page wages?

[greedfear] 13/2/2024 15:20

Yes I’m bullish. Very bullish. Very low cost base, high margin, great revenue model (sell a monitor and recurrent dopler revenues because of that). It’s not unlikely past sales have been negatively affected because people were not willing to buy old monitors knowing new ones were in the pipeline.
0.15p is priced as a disaster, I think people will realize shortly what a bargain this is.
I would have added 10 million shares at 0.15-0.16p if only my broker would let me. Too illiquid for them alas.

[greedfear] 20/1/2024 11:07

The man has got skin in the game and I like that. Last equity raise did not only help Keen, but also existing shareholders imo. Better to have a percentage of something then all of nothing.
I’ve got no history with this company, maybe that’s why I tend to look at the company with a little more positivity.
Truly believe it makes sense to buy in now. Time will tell.

[greedfear] 20/1/2024 11:01

Well, payment in shares preserves cash and shows confidence in the company’s future. If they got paid in shares all the way down, fine with me. If it had been paid in cash shareholders would have been diluted even more (cash position would have been worse, thus the last equity raise would have to be higher).

[mrc2u] 19/1/2024 14:44

Not that telling. He has been paid in shares all the way down from 30p. More telling that the non-execs waived their previous fees at time of the big dilutive down round and at least one, Julian Cazalet, appears to have waived again on the way out. Never thought much of Cazalet but best of the bunch if he refuse to further shaft holders.MrC

[greedfear] 19/1/2024 10:26

These kind of shares I like the best. Everyone has given up on them, expecting nothing but (further) failure while there is a (good) chance things will turn around soon.

[greedfear] 19/1/2024 10:21

Dire revenue numbers were to be expected. I like the prospects and feel this will be the year things will change for the better. If it does the share price will rerate substantially. I can see 3-5 times the current share price this year.

[greedfear] 19/1/2024 10:17

Well, the fact that he preferred getting paid in (low priced) shares is telling. In my opinion the market is far too pessimistic about the company’s prospects. I would have added if my broker would have allowed me to (I guess to illiquid for them).

[mrc2u] 19/1/2024 09:25

Keen, after over 30 years as Chair, awards himself 22m shares at absolutely rock bottom on top of 18m after shareholders rescued the company last year and saved him from a large personal loss. Those who could not afford to save him last summer or, in my case, wouldn't put money in while he is still there, were all but wiped out. And he has just stuck 2 fingers up and diluted them again.Vile MrC

[mrc2u] 18/1/2024 08:02

Ah - spoke too soon but there really were not that many sales, were there?The cash looks very low but suppose that depends on whether or not they had spent the cash to get their first larger production run of the new monitor built. They might have told us if they had so can only assume they haven't and much of the year end cash will go on creditors.MrC

[gbenson1] 18/1/2024 07:30

Your right T.E.B. your consistent bashing of DEMG never seems to change, move on & put another record on me duck!!

[trentendboy] 18/1/2024 07:21

Nothing seems to change and dire revenue numbers. Be hard to raise any more money from the city or beleaguered shareholders

[tomboyb] 18/1/2024 07:13

Cash at hand for the Group as at 31 December 2023 was GBP0.7 million

Poor statement -

[trentendboy] 17/1/2024 19:24

Such a waste of money when those that talked to medical practitioners knew it was dead in the water - so blind

[mrc2u] 17/1/2024 18:30

Surprised they have not added up the sales for last year yet. Not as if there can be very many of them!MrC

[gavapentin] 04/1/2024 16:14

Correct - no answer. Unable to admit when wrong!Hey ho. Live and learn

[gbenson1] 04/1/2024 13:48

I would like to think so, but it's more likely the resident ramper sending out his pms, expect a pull back from the day highs..

[ramnik007] 04/1/2024 13:29

Do insiders know something positive to be announced in trading update next few weeks?