International Medical Devices Share Discussion Threads

[james t kirk] 07/3/2006 15:38

Just depends how many people hang on. This is very illiquid and will drop quickly at some stage if sells start - use that as a top up opportunity IMO.

[neguss3] 07/3/2006 14:14

Cant be too long before we are over 9p a share

[james t kirk] 06/3/2006 21:47

Yes gardenboy the limits I quote are based on me doing dummy trades so are exact quotes. Squaregain very good for that..

[gardenboy] 06/3/2006 16:07

James,

thanks for info, you mention buy/sell limits but do you by any chance get a live quote ? - I mainly trade with the Share Centre where I get a live quote held for 10 seconds (subject to NMS and market conditions) so I always know what price I'll get - only trouble is they don't open till 8.15am so I miss some early movers.

[james t kirk] 06/3/2006 15:57

gardenboy I trade with TDW, who are normally 1 minute behind others. I also trade with Squaregain who I find excellent as you always see the buy / sell limits. This morning on the dot of 8.00am I checked the limits on Squaregain and then bought with TDW, as speed is always important after an RNS.

Glad to see this hasn't drifted and I still see next results as making significant upward movement unless that happens before.

[martincoops] 06/3/2006 12:27

Nice to see a 100,000 buy go through above bid.

[waldron] 06/3/2006 09:33

International Medical Devices starts producing ClipOn needle device for NHS

LONDON (AFX) - International Medical Devices PLC has started the initial
production run of its ClipOn "safe" needle device for delivery into the NHS and
also South Africa.
Production is taking place at the Eastland Medical Systems plant in
Portland, Australia, following IMD's acquisition of the patents over a range of
safe devices from Eastland Technology Australia (ETA).
IMD said the total UK market in needles was worth around 200 mln stg per
year and trials begin in five NHS Trust hospitals of IMD's ClipOn safe needle
device later this month.
The company is also working with the Mandela Foundation to address the
growing need for safe needles in sub-Saharan Africa. IMD's safe needles can be
used once only and once retracted are fully secure.
[e-mail]
ks/lam

[gardenboy] 06/3/2006 09:12

James,

Could I ask you who you trade with to get in so early?

I fully understand if you would prefer not to mention.

- still holding these from the previous update

[martincoops] 06/3/2006 09:01

Delayed trades starting to show, theres yours James

Now we will start to see how much buying / selling there has been.

[james t kirk] 06/3/2006 08:41

Be interesting to see the delayed trades tonight, only the tiddlers are shoing at the moment.

[martincoops] 06/3/2006 08:13

Not selling mine.

If they confirm the major deal with the NHS this will explode and that should be announced in April if all goes well :))

[james t kirk] 06/3/2006 08:11

You can sell 75k too, so the general situation has improved greatly..

[james t kirk] 06/3/2006 08:02

Got another 25k at 7.7p - ;0) Had to be quick...

[martincoops] 06/3/2006 07:32

Dont thing you will have to much to worry about James

[james t kirk] 06/3/2006 07:26

Companyvalued at only £6m - I think the overhang will start to clear and this thread may get a tad busier today. Sadly I'm out all day so won't be able to catch up after 9.00am until tonight - but hope we have a good day.

[martincoops] 06/3/2006 07:24

Yep should be a good day in the making.

[martincoops] 06/3/2006 07:23

International Medical Devices (IMD or "the Company") is delighted to announce
that initial production runs of its ClipOnTM "safe" needle device have begun for
delivery into the NHS and also South Africa.

Production is taking place at the Eastland Medical Systems plant in Portland,
Australia, following IMD's acquisition of the patents over a range of safe
devices from Eastland Technology Australia (ETA).

The NHS Purchasing and Supply Agency currently buys 136 million needles per
year, of which 50 per cent are 21 gauge needles. The total UK market is
estimated at approximately 200 million per year. IMD will initially target this
21 gauge market, i.e. 70 million needles. IMD, with its associate company EMS,
also intends to address the growing need for safe needles in sub-Saharan Africa
where HIV is causing such devastation. To this end it is working with the Nelson
Mandela Foundation. The World Health Organisation estimates that at least five
per cent of HIV has been contracted through the use of unsterile needles. IMD's
safe needles can be used once only and once retracted are fully secure.

Trials begin in five NHS Trust hospitals of IMD's ClipOnTM safe needle device
later this month and the needle buyer for the NHS Purchasing and Supply Agency
(PASA) has agreed to support the fast-track launch of the Company's products
into the Service for launch in April.

The Company's assessment of the UK, European, South African and Australian
markets indicates initial potential demand for the ClipOnTM safe retractable
needle is in the order of 300 million units annually. Volumes in excess of 100
million units are anticipated to substantially reduce production costs and open
up further markets.

Last month IMD reported that it has enjoyed an outstanding six months following
the acquisition of the medical distributor Meddis Ltd in September 2005, with
Meddis sales for last November up by 29 per cent over the same month in 2004 and
January sales up 46 per cent on 2005.

Chris Thomas, Chief Executive of IMD said: "We are now entering a period of
great activity and growth exactly in line with our stated strategy. We believe
we can make a very real and valuable contribution to the safety of healthcare
staff in the NHS with the introduction of our cost effective, safe needles. The
overall savings to the Service by eliminating days lost through needlestick
injuries - up to 100,000 each year - should be in the region of #10 million
annually".

[james t kirk] 06/3/2006 07:06

Wake up chaps 50% rise minimum today IMHO. Great RNS really spells out how undervalued this is ;0)

[james t kirk] 05/3/2006 10:46

Nice article genie, well spotted. This is definately an under-valued gem.

[genie] 04/3/2006 18:29

We had a small mention today in the DT.

"International Medical Devices supplies the NHS with a range of goods, especially safety needles, which should help hospitals tackle needle stick injuries, estimated to cost the NHS at least £6m a year.

It is understood to be on the verge of buying up a far larger distribution company which would allow it to sell its needles to every NHS Trust, increasing its turnover from £1m to about £12m.

The shares are highly illiquid and risky but, down at 6.88p, are still worth buying."

[martincoops] 02/3/2006 12:31

LOL Think I might cancel my limit order at 6p now then.

[james t kirk] 02/3/2006 12:23

Bit of a turnaround - 7.15p to buy now and you can sell 52k. More trades to show??

[genie] 02/3/2006 10:37

Tried a buy limit order of 6p earlier - no joy. Best I can currently get is 6.40p