Intelligent Ultrasound Share Discussion Threads

[jotoha1] 16/6/2006 16:44

Quick call to the boys who are close to this thing , and it confirms what we all thought, product is going nohwere fast!!!!!

[dally4] 16/6/2006 16:12

This drop must surley be overdone

[jotoha1] 16/6/2006 13:50

Axa must of got a real c*ap price for their couple % , this is doomed, get out before all the big boys run for the hills

[bryant551] 16/6/2006 13:25

what has happened to cause this drop?

[hendenne] 16/6/2006 13:24

AXA dumping

[callumross] 16/6/2006 13:08

quick - get out!!!

[forthurst] 03/5/2006 14:41

From the latest full year results published 22 Feb 06, it can be seen that there are 12M authorised but unissued ordinary shares. From the cash flow analysis it can be deduced they have between 1-2 years depending on new manufacturing setup costs before they will need to call on the market. Presumably they are hoping to have demonstrated some significant progress before doing so, to raise as much per share as possible. But it seems reasonable for a small operation to call on the market in order to gear up operations, if they have something for which a genuine demand exists. I am not predicting that this will happen, but even if it did, the authorised capital would still be only £29M, which would not be a lot for a company with significant prospects in hitech manufacturing.

As they have taken on board a new MD and recently an FD, they appear to have made some painful but necessary adjustments to their management team.

================

4. Called up share capital

2005 2004
Number £ Number £
Authorised
Ordinary share of £0.65 each 29,000,000 18,850,000 29,000,000 18,850,000
================================================

Allotted, called up and fully
paid
Ordinary shares of £0.65 each 17,132,206 11,135,934 17,131,575 11,135,524
================================================



5. Share premium and reserves

Share Merger Profit
premium reserve and loss
account account
£ £ £

At beginning of year 8,051,993 6,814,164 (11,017,911)
Retained loss for the year - - (5,182,015)
Premium on share issues less expenses 208 - -
-----------------------------------

At end of year 8,052,201 6,814,164 (16,199,926)
===================================



6. Reconciliation of operating loss to operating cash flows

2005 2004
£ £

Operating loss (5,586,196) (4,308,541)
Depreciation and amortisation 900,247 923,346
Government grants (234,053) (157,551)
Gain on disposal of fixed assets - (17,110)
Decrease/(increase) in stocks 85,560 (235,500)
Decrease/(increase) in debtors 374,937 (363,759)
Increase/(decrease) in creditors 43,765 (353,855)
---------------------------------
Net cash outflow from operating activities (4,415,740) (4,512,970)
=================================




7. Analysis of net funds

At beginning At end of
of year Cash flow Year
£ £ £

Cash in hand, at bank 12,678,024 (4,611,990) 8,066,034
---------------------------------------
Debt due within one year (22,222) 22,222 -
Debt due after one year (53,704) 53,704 -
Finance leases (911,393) 587,167 (324,226)
---------------------------------------
(987,319) 663,093 (324,226)
---------------------------------------
Total 11,690,705 (3,948,897) 7,741,808
=======================================





This information is provided by RNS
The company news service from the London Stock Exchange

[nixmif] 29/4/2006 05:57

PUGUGLY

There's really not much activity on this board!

The product does work, but there have been a lot of problems manufacturing it in volume as far as I can determine.

This company has been on my watchlist for a long time, and I am waiting for a good entry point. They have had manufacturing problems and have been burning cash to sort things out - last time I looked at the figures, it looked like there was a chance they might run out of cash before it all comes good. There is always the possibility of raising more, but it looks like a very risky punt to me.

Last I heard, they had made good progress on the manufacturing side, and had shipped product to fill their one and only order (for night-vision binoculars or somthing similar).

If the manufacturing gets fully sorted, and they get a few more orders, then this could really take off. They were at some mobile-phone show in Barcelona fairly recently, and the product went down well by all accounts.

The annual report was published this week, but is not available on their website yet, so I haven't seen it yet.

Still on my watchlist, but waiting for a bit of news before I part with my money!

[pugugly] 28/4/2006 15:59

Skyracer re your post 20. Very useful. Do you have any update. Price has gone south fast. Anyone know if the product works or is it another Scottish manufacturing failur like the Spectrum and the Black Watch (Sinclair not our No 1 fighing unit).

[forthurst] 18/2/2006 10:59

Recent RNS announcements: note results due on 22/02/06:-



MicroEmissive Displays Group PLC
04 January 2006

4 January 2006



MicroEmissive Displays Group plc ("MED")



MED announces that Bill Campbell, Executive Director of Business Development,
has resigned from the Board of MED and from his executive function with MED with
immediate effect. Christopher Smith, Chairman, said "I would like to thank Bill
for his contribution over the last two years and wish him the best for the
future".

-ends-



MicroEmissive Displays Group PLC
08 February 2006


Immediate release 8 February 2006


Microemissive Displays Group plc

("MED" or "the Company")


Appointment of Adviser


Microemissive Displays Group plc, the AIM listed designer and manufacturer of
low-power light emitting polymer displays, announces the appointment of
Arbuthnot Securities Limited as nominated adviser and broker to the Company with
immediate effect.


-ends-



MicroEmissive Displays Group PLC
17 February 2006


Embargoed until 7am 17 February 2006



MicroEmissive Displays Group plc

("MED" or "the Company")

Appointment of Finance Director

Microemissive Displays Group plc, the AIM listed designer and manufacturer of
low-power light emitting polymer displays, announces the appointment of Graeme
Walker as Finance Director of the Company with effect from April 2006.

Mr. Walker (45) joins the Company from Freescale Semiconductor Inc, the third
largest chipmaker in the US and a constituent of the S&P 500. Graeme headed up
its European finance function as Chief Financial Officer EMEA, where his
responsibilities included managing 90 personnel.

He has a MA Honours in Economics from the University of Edinburgh and is a
member of the Institute of Chartered Accountants in England and Wales.

Commenting on the appointment, Christopher Smith, Chairman of MED said, "I am
delighted to welcome someone of Graeme's calibre to the Board. His industry
experience and previous close working relationship with Bill Miller, whilst both
at Freescale, will be of great benefit to the Company as we seek to expand MED's
footprint in Europe and the Far East."

Other than previous directorships at Freescale Semiconductor Holding UK Limited
and Freescale Semiconductor UK Limited, Mr Walker has confirmed that there is no
further information required to be disclosed under Schedule 2(g) of the AIM
Rules.


-ends-


MicroEmissive Displays Group PLC
17 February 2006


Immediate release 17 February 2006


MicroEmissive Displays plc
("MED")

Notification of Preliminary Results


MED will announce its preliminary results for the full year ended 31 December
2005 on Wednesday 22 February.


-ends-

[maxk] 30/12/2005 08:37

The Times December 30, 2005

Smaller stock to watch



MicroEmissive Displays (MED), the developer of low-power displays for the consumer electronics markets, rose 7p to 87p on reporting shipment of its first display. Edinburgh-based MED, floated on AIM last year at 150p, said the order - destined for Asia - will involve the displays being used in night-vision equipment for the leisure and sports markets. Bill Miller, chief executive, said the start of production and first shipment to a customer were "significant milestones". MED had cash of £10.3 million at half-year stage.

[25october1969] 29/11/2005 15:38

a bit of director buying recently, not much but first toe in the water for both of them

"MicroEmissive Displays Group plc ('the Company') announces that it received
notification yesterday that Christopher Smith, Chairman, through his SIPP,
purchased 12,890 ordinary shares in the Company at a price of 76p per share on
24 November. This purchase results in him having an interest in 12,890 ordinary
shares in the Company representing approximately 0.075% of the issued Ordinary
Share capital.

The Company also announces that it received notification today that Bill Miller,Chief Executive Officer, purchased 13,000 ordinary shares in the Company at a price of 75p per share on 25 November. This purchase results in him having aninterest in 13,000 ordinary shares in the Company representing approximately 0.076% of the issued Ordinary Share capital."

[shirishg] 22/10/2005 21:47

Post removed by ADVFN

[skyracer] 16/6/2005 08:28

I knew it. So predictable.

[skyracer] 03/6/2005 08:41

Yet another Scottish failure developing? Rushing to become a plc and pushing products into production before they are ready. Very expensive mistake to make. Still, advisors and directors always manage to get away with plenty of loot. No doubt one of the LEC's also had a grubby finger in this pie too. Remember Memory Corp, Magnum Power, NMT, Calluna, Creos, and plenty others I cant remember at the moment? No wonder I never invest in scottish companies (Alf's EDG excepted).

[shirishg] 30/5/2005 13:39

Post removed by ADVFN

[shirishg] 30/5/2005 10:34

Post removed by ADVFN

[shirishg] 29/5/2005 20:05

Post removed by ADVFN

[shirishg] 28/5/2005 10:02

Post removed by ADVFN

[shirishg] 20/5/2005 20:40

Post removed by ADVFN

[shirishg] 22/4/2005 22:15

Post removed by ADVFN

[shirishg] 22/4/2005 22:04

Post removed by ADVFN

[shirishg] 22/4/2005 21:59

Post removed by ADVFN

[shirishg] 22/4/2005 21:53

Post removed by ADVFN

[redangel] 15/4/2005 08:33

Thanks TP - thought it was too good to be true.

RA