Intelligent Ultrasound Share Discussion Threads

[tuffbet] 15/5/2007 16:38

Link here to mention of MED and back order position

[naeclue] 15/5/2007 15:39

AGM details:

Hi, I double checked, the AGM is on MAY 30th, at 10am, venue is:

MicroEmissive Displays' Head-Office – Edinburgh, Scotland
MicroEmissive Displays plc
Scottish Microelectronics Centre
West Mains Road
Edinburgh
EH9 3JF
Scotland, UK

[iaoutfls] 15/5/2007 15:38

Worth looking at the accounts too, they have a couple of photos, including a full page picture of a guy wearing sunglasses that incorporate an eyescreen. Interestingly there is an acknowledgement for the photo to Rodenstock GmbH, see www.rodenstock.com . I don't believe MED have previously announced a relationship with Rodenstock, but according to their website they employ over 4,000 people and claim to be a leader in opthalmic optics. Nice quote from them next to the picture saying eyescreen will be "an integral part" of their "spectacles of the future". Also includes some very positive quotes from other companies too...

[thecurrymonster] 15/5/2007 14:56

If you haven't seen one of MEDs microdisplays, it's a little difficult to visualize just what all the excitement is about - most of the photos (including the ones on MEDs site) just don't show the true small-scale of the displays.
I found a link to this article in my research notes, which has a great photo that really shows the miniature size of the displays if anybody is interested. (The article itself is of little interest today)

[thecurrymonster] 15/5/2007 13:57

Hi callumross,

the AGM is on MAY 30th at 10am at MEDs offices as far as I am aware.

[callumross] 15/5/2007 13:37

when is the agm, please?

[naeclue] 15/5/2007 11:12

Struck me that perhaps an investor in recent rights issues had elected to cash in, with the news of the plant it is perhaps the first opportunity to shift a volume of shares.

Otherwise it is baffling, the story for MED is stronger - plant commissioned, directors buying, negotiations with new customers going well - stock price falls.

We'll see. Will be at the AGM for sure.

[thecurrymonster] 15/5/2007 08:58

MicroEmissive Displays Group plc ('MED'), the AIM listed designer and
manufacturer of low-power light emitting polymer displays, announces that on 14
May 2007 Peter Denyer, a director of the Company, and George Elliott,
non-executive chairman designate of the Company, notified the Group that they
had respectively bought 50,000 and 33,000 ordinary shares of 1p each in MED
('Shares') at a price of 45 pence per share.

Well done! - a bit of director buying speaks a lot about the future prospects at this critical stage in the company's development.

[thecurrymonster] 14/5/2007 23:05

I don't se that the fundamental picture has changed here at all - it is entirely possible that somebody who has invested at higher prices is just trying to re-coup some of their losses - there must be quite a few people who have invested from 100p+ and become disillusioned, so recent gains may have presented an opportunity to minimise their losses.
My portfolio in general has taken a hammering today, but the underlying businesses haven't changed - it's just been one of those days to sit tight and stop watching the screen.
In the short term, if this drops again in the next few days, then I will view it as a good topping-up opportunity - the story here is looking better than ever before. Lets face it though, the risks are still pretty high and this has never been one for the faint hearted.
My recent topping-up has put me in a position where this is now a little bit more than a 'side-bet' for me, and I now own a reasonable sized chunk of stock - enough to make me get on a flight up to Edinburgh for the AGM to ask some questions if I am in the UK at the time. If I manage to get there, I'll post back with a report.

[briggs1209] 14/5/2007 19:08

On one hand I cannot understand an investor wanting to sell in bulk so close to the plant starting to mass produce. On the other hand someone was willing to hoover them up. Could mean a nice short term trading opportunity.

[rumblinged] 14/5/2007 18:33

Anyone know what these 5.5m of trades going through @ 45p are?

[thecurrymonster] 10/5/2007 11:06

unionhall - that's how I understand it too.

I don't see a share price of £1.38 in three years as unattainable at all, but assuming that production problems are now largely sorted, we really need to see a determined effort on the sales and marketing front.
Saying that, it will probably only take one successful product with MEDs screens designed in to really get the ball rolling.

Perhaps these:

The mobile TV and video content market and the market size is forecast to be £4.8 billion by 2010 (Source: Mobile Video and TV Content Strategies Informa). MED should start generating cash later this year and are forecasting a maiden profit next year.

[unionhall] 10/5/2007 10:32

If I am reading this correctly the options require an 80% share price uplift in three years for partial exercising (30%) and 170% share price uplift for complete exercising.

That certainly is a good incentive....


"The Ordinary Shares subject to LTIP awards will become exercisable in three
years time subject to their continued employment and the satisfaction of share
price targets (30% of the Ordinary Shares subject to LTIP awards will become
exercisable if the Company's share price reaches at least #0.92 for a period of
90 trading days (30 of which must be consecutive days) during the three year
period, with 100% becoming exercisable if the Company's share price reaches at
least #1.38 for a period of 90 trading days (30 of which must be consecutive)
during the three year period."

[naeclue] 07/5/2007 11:03

Details picked up by range of press:



See also:



Looking forward to a run up towards the AGM.

[superhero si] 04/5/2007 16:00

Has everyone fastened their harnesses?

[naeclue] 04/5/2007 09:56

I'm very encouraged by the speed of the commissioning process, it is right on schedule which suggests that it has been relatively straightforward.

I'd imagine that many potential customers for MED are just like investors - waiting to see definite production capability before committing.

I'm not familiar with distribution as a sales channel, I'd have thought MED would be working with key companies to get their screens specified in to larger devices. Anyone familiar with how sales will work for MED?

[thecurrymonster] 04/5/2007 09:20

Number 5 on the top gainers list now.

[ppowerscourt] 04/5/2007 08:54

I think so too, tuffbet.

[tuffbet] 04/5/2007 08:22

That's the confirmation we have been looking for. Concepts are fun but in themselves no use to shareholders it's orders/sales and cash flow which matter

Assuming there are no technical problems in Germany things are looking very good at this point - could this be my share of the 2007/8 Fiscal year?

[thecurrymonster] 04/5/2007 07:58

MED announces that it has successfully produced the first working samples of
their next-generation eyescreenTM at their new volume manufacturing facility in
Dresden, Germany. It is anticipated that the facility, officially opened on 3
May 2007, will significantly enhance MED's ability to manufacture its enabling
next generation product.

The Company is experiencing continuing demand for its next generation product,
partly as a result of the Company's recently implemented sales and marketing
strategy. In addition to the stocking and distribution agreement with Cytech
Technology Limited for Hong Kong and China announced by the Company in January,
distribution agreements are now in place across the whole of Europe, Singapore,
Malaysia, India, Taiwan and Korea. The Company will continue to seek similar
agreements in other territories.

Commenting on the progress, Bill Miller, Chief Executive of MED, said: 'These
first samples from our new state-of-the-art facility in Dresden, are exactly
in-line with our volume manufacturing commitments and we remain on track to
commence volume shipments to our customers in July this year. Our sales and
marketing strategy is successfully creating growing global demand for our unique
and highly innovative product. I am pleased with the progress that our teams in
Germany and Scotland have made to date and we will continue to cement MED's
position as a leading innovator and producer of display technology.'

Great stuff!

[thecurrymonster] 03/5/2007 14:48

25October1969

Many thanks for that splendid article - well spotted!

Thu May 03 2007 MicroEmissive Displays (MED) today formally opened its new volume manufacturing facility in Dresden, Germany.

The new MED production site consists of a 396 square metre state-of-the-art cleanroom, with 16 manufacturing and technical staff, representing a total investment to date of more than $10 million. MED has plans to more than double its staff in Germany over the next two years enabling it to significantly ramp up production.

So it's officially open then!

The official opening ceremony is being attended by Thomas Jurk, Saxony State Minister for Economic Affairs and Labour; Rainer Lingenthal, Director-General, Development of Eastern Germany Federal Ministry of Transport, Building and Urban Affairs; Professor Leo and Professor Lakner from the Fraunhofer IPMS; Dr. Horst Dietz, Managing Director of Invest in Germany; and Bill Miller, CEO and Dr Georg Bodammer, Operations Manager of MicroEmissive Displays Germany GmbH.

Perhaps that explains the lack of RNS - they are all too busy sampling German beer to approve an RNS release. Perhaps we'll see it when they've all sobered up a bit!

Cheers!

[25october1969] 03/5/2007 14:20

Just to show I am paying attnetion

[thecurrymonster] 03/5/2007 12:28

I'm a little surprised that there's been no RNS from MED yet. However It's given me an opportunity to top-up this morning.
There's still a lot that could go wrong, but manufacturing in volume has been a huge hurdle, and news that the manufacturing facility is complete is very significant. Especially when viewed with another recent Electronics Weekly article:



Asked if the yield figures, which will be all-important to profitable manufacturing, are looking OK, Walker replied: "The indications from Dresden are that we will meet our expectations in terms of yield."

Yield has always been the problem, and up until now, yield was so low that manufacturing volumes could only really be viewed as little more than pre-production samples.

So the technical risk now looks much more acceptable, and the financial risks are reduced because of the recent loan agreement - there should be enough cash to see them through until they start generating cash towards the end of this year. Some significant orders are already in place, however the biggest risk now seems to be generating further orders - sales and marketing probably needs to be adressed soon.

[briggs1209] 03/5/2007 12:07

Great research TCM and nice right up for the quickies board. It sounds a great product and with pent up demand orders should come thick and fast as soon as the plant is ready. I would have thought that the news would warrant an RNS.

[thecurrymonster] 03/5/2007 08:51

Thanks for that Tuffbet

It's in Electronics Weekly as well: