International Medical Devices Share Discussion Threads

[james t kirk] 28/6/2006 16:21

There's the inevitable price drop. This share is so illiquid. At least the sell volume has increased from 1,500 to 50k.

[ged5] 26/6/2006 13:46

Thanks martin.

I think we should be hearing something soon. I'm just surprised the share price hasn't moved up.

[martincoops] 26/6/2006 13:40

Agree it is very strange Ged5 its gone through as an X trade as well.

One other thing I noticed in the Estland announcment is that they are going to increase production from 50 million units a year to 100 million surely they would only do this if they had confirmatin of a large order.

Also if I remember correctly they said that if they produce over 100 million units a year the cost of the needles come down considerably!!

This all looks good to me but now we need the confirmation from INT

[ged5] 26/6/2006 13:22

What's going on with all these strange trades?
19/6/06 9.5 150000
20/6/06 95 2500
20/6/06 9.5 30000
20/6/06 3.25 71905
22/6/06 53.25 4055
23/6/06 16.25 16000

I don't normally check the trades but noticed that today only 5000 shares had been traded the last trade being at 52.75p.

[martincoops] 26/6/2006 05:04

here is the link from Eastlands announcment this is excellent news as they have brought the ENTIRE production for this year.



Good luck to all that have held news cannot be far away

[james t kirk] 25/6/2006 19:22

Great stuff, surely this will filter through to INT soon, although the news is already a week old? Maybe that's what started all the x trades last week. INT have exclusive Distribution rights over EMT's products so INT must have an end buyer, which presumably is the NHS.

[martincoops] 25/6/2006 18:57

Excellent find Ged5

There must be news soon on the NHS deal :-))))

[ged5] 25/6/2006 11:24

Shares in Perth-based developer and manufacturer of injection, infusion and blood-drawing devices, Eastland Medical Systems Ltd, have climbed over 12 per cent today after announcing it had concluded a supply contract and received its first substantial export order for 5 million ClipOn "Safe" needle devices.

The company said the contract order took place following the recent visit to Australia by two senior executives from UK based Response Medical Equipment Ltd, a 100 per cent owned subsidiary of International Medical Devices Plc, to inspect Eastland's manufacturing facility and Australian operations.

The company said ClipOn was a "safe" hypodermic needle designed to replace standard Luer needles on syringes, making it more cost effective and functional than other current safe retractable syringes.

Eastland said it was initially targeting the 3ml and 5ml syringe markets for ClipOn with the segment representing more than 60 per cent of the total market for hypodermic needles.

Earlier this month, the company announced it would acquire 100 per cent of Westcoast Surgical & Medical Supplies.

The purchase, through its subsidiary Eastland Medical (WA) Pty Ltd, includes a payment of $850,000 in cash together with the issue of 5.67 million of fully paid ordinary shares in Eastland at 15 cents per share. There is a deferred payment of $504,000, based upon performance of the business, which will be paid in three annual amounts of $168,000 by the issue of Eastland shares.

Westcoast is a medical products distributor in WA and Eastland expected it to continue its rate of year-on-year growth at 20 per cent on current turnover of approximately $4.5 million, operating from its purpose-built facility in Canning Vale.

At market close, shares in Eastland were up 1.5 cents to 13.5 cents.



Shouldn't this have had an effect on the share price of INT?

[martincoops] 22/6/2006 21:04

I am sure it will, the overhang is still there so as soon as that clears this will move still feel that true value is around the 8-9p mark and if they get the needle contract this could end up around 12-15p in the space of a day.

Happy to hold for another year and will add more as things become clearer or funds allow.

Good luck all

[james t kirk] 20/6/2006 14:57

Hi Martin, yes it's been a long wait, can't fathom this constant stream of x trades, there's even a couple of R trades today. Hopefully the online limits will improve once all this share shuffling has concluded.

[martincoops] 19/6/2006 16:44

Hi James

Still sitting here waiting for the results of the trials and hopefully more deals and acquisitions.

[james t kirk] 19/6/2006 16:30

4 X trades today, think the one at 9.5p is a mistake but even so it's all a bit odd.

[james t kirk] 16/6/2006 16:06

Wow two buys today, but Squaregain still quoting you can buy 250k @ 5.65p, so not sure why they paid 6p?

[james t kirk] 13/6/2006 17:13

Nice 2.5m buy today, still marked down with everything else :0(

[martincoops] 01/6/2006 06:50

Morning all

Was away yesterday so just seen the results. As you say James the turnover is less than I would of expected. Look forward to hear about the acquisition (s) that they have identified.

Clip-on well we will have to wait now until the end of the month, or longer but this will be the making of this company IMO. During my discussion with one of the directors he did inform me that the first real results showing full year figures will be Aug 2007. I intend to hold on to my shares until then at least.

Cheers

[james t kirk] 31/5/2006 07:57

Hi Ged, its being marked up a bit so the markets must like it. It's a shame that they use language like outstanding in the trading update, but don't say that in the results, when the figures haven't changed.

The mark-up is probably down to the positive response to the NHS trials, which is the big news.

[ged5] 31/5/2006 07:52

As you say Martin, a little disappointing. Plenty to look forward to over the coming months. We'll see if they deliver.

[james t kirk] 31/5/2006 07:20

Based on this from Febuary, it would indicate the 2nd 6 months will show significantly higher sales.

"International Medical Devices Plc (IMD or the Company) is pleased to report that it has enjoyed an outstanding last six months following the acquisition of the medical distributor Meddis Ltd in September 2005.

Following a very strong period of trading since then (the Meddis November sales
were 29 per cent up on the same period in 2004), we anticipate a robust set of
figures for our wholly owned subsidiary."

[james t kirk] 31/5/2006 07:18

Morning chaps, results out and they look a bit dissapoining wit sales at only 700k, when Meddis acheieved £1.85m, so the 5 month equivalent is 800k. Obviously there could be seasonal differences, because I know from another medical company I have stock in there's a big improvement in 2nd half.

Trials in 5 hospitals for safety needles now, and feedback is good, so hopefully we'll start to see improvement in the share price soon.

[martincoops] 27/5/2006 18:55

Well looks as if things are going on with a visit to Aus

1lth Mav 2005
The Manager,
The Company Announcements Platforrt,
Australian Stock Exchange Limited,
Level 4,
20 Bridge Street,
Sydney. N.S.W.2000.
Dear Sir,
By E-Lodgement of 2 pages
EASTLAND@ ASSOCIATE 'INTERNATIONAL MEDICAL DEWCES PLC'
ANNOUNCES RECORD PROFITS BYITS SUBSIDURY
Chris Thomas, Chief Executive of International Medical Devices Plc (IMD) announced in London Wednesday 10 May 2006 that its subsidiary Response Medical Equipment Ltd made record profits for the year ending 31 March 2006. Preliminary figures confirm turnover of f,7.2 (.4'$17.6 t) million, an increase of 13 per cent over the previous 12 months, with profit before tax of f,1.2 (A$2.9 *)million, an increase of 18% over 2004/2005.
Eastland Medical Systems Ltd (Eastland@) completed an investment in IMD, a London Stock Exchange Alternate Investment Market (An{) fisted company in July 2005 through the issue of 40,500,000IMD new Ordinary Shares for exclusive Distribution Rights over a range of Eastland@, Portland Surgical and Medical Industries products in certain territories.
Eastland Medical Systems CEO, Mr Don O'Sullivan said "The management of Response and IMD are to be congratulated on this exceptional performance and reinforces the strategy that has been implemented by the Eastland@ Board to build an international dishibution network by investing in companies that not only
have significant growth potential, but will provide a platforrn for Eastland@ to move forward quickly to exploit the significant opportunities in these major international markets. The Chairman of Response Mr Matthew Root and the Managing Director Mr John Butler are visiting Australia late next week for extensive discussion with Eastland@ on the subject of mutual cooperation and maximisation of group revenues and profits. They will be visiting our facilities in Perth, Victoria and Sydney." When combined with the developments in the African region, Eastland@ has been successful in positioning the company for significant growth over the coming year and creating a disfribution pipeline that provides market entry and distribution of the frst of our safe products range, Clip-On, Rehalok and Vet Lok to
major world markets."
Yours sincerely,
i
Bu.lland ir.. : ,
Systems lro
Unit 6
680 Murray Street
West Perth
Western Australia
6005
PO Box 898
West Perth
Western Australia
6872
' 61 8 9481 1844
i 61 8 9486 4998
ASX Release No 209 of 2 pages I I May 06
ACN 090 987 250
DONALD .O'SULLIVAN
Managing Director.
*Based on a current exchange rate of.4089
*Based on a current exchange rate of .4089
ASX Release No 209 of 2 pages 11 May 06

[ged5] 26/5/2006 10:50

Results must have gone to the printers.

[martincoops] 26/5/2006 09:44

Well whats this then, blue yesterday and blue today!!

fingers x'ed for some good news soon.

[martincoops] 24/5/2006 14:40

Good for you JTK. I am happy as I do not need to sell and this may be as close to the placing price that we will get. Lets hope this make a move up over the coming months.

[james t kirk] 24/5/2006 13:26

I'm not adding any more at the moment, with the max sell limit of 1,500 shares you'll be seriously punished if you want or need to sell. It is tempting to buy at such a cheap level but I've already got as many as I feel is suiable right now.

[neguss3] 24/5/2006 13:11

Well if results are good this will be a gerat time to start adding thing they are on the 29th