International Medical Devices Share Discussion Threads

[martincoops] 05/9/2006 22:19

Jot

I can see you do not like Mr Thomas but the loan was agreed and voted for by the share holders, it was them that agreed to it so are they not to blame? PLus if they had not agreed to it the company would of folded.

In accordance with the City Code, the Whitewash Resolution was conducted and
passed following a poll of independent shareholders. Votes in favour of the
Whitewash Resolution were received from holders of 69,894,835 ordinary shares in
the Company, representing 99.73 per cent. of the votes cast by independent
shareholders.

And you were advised

The Directors, who have been so advised by Rowan Dartington & Co. Limited, the
Company's nominated adviser, consider the Loan to be in the best interests of
the Company and its shareholders as a whole.

Sometimes it is the company that is a no goer and reading through the RNS's I doubt many would of invested in it with out realising that it was risky to say the least. I am sorry if you lost out but it happens and you need to move on and not just blame the directors who no doubt worked hard to keep the company afloat for the last 3 years.

And just another point this company has NO debt or Loans

[jotoha1] 05/9/2006 20:33

Looks like your CEO will have more time to spend with your little venture following news today at his other hot spot FAR..BEWARE THIS GUY IS A PLONKER AND IS LIABLE TO HURT YOUR POCKET!

[james t kirk] 05/9/2006 07:32

Interesting news, as INT have the distribution rights on the needles and now these beds, they will need to strike a deal with DHL now and not the NHS by the look of it, which may reduce margins?

Having said that if they have products that are cheaper than those already being used it would make sense for DHL to buy through INT. It will also be almost certainly quicker to strike a deal than with the current painfully slow NHS Logistics.

[martincoops] 05/9/2006 06:26

I wonder if this will have any effect for INT in the long term?

[james t kirk] 04/9/2006 09:04

You should be able to still buy 250k shares at 4.88p currently. Sell limit is only 5k shares at 4.84p. I'm presuming there's a delayed buy to show around 10.30am..

[james t kirk] 01/9/2006 06:34

I just wish the price really is 458p, that would bring a massive smile to my face. So any time now we will get some new broker coverage which is good, I just hope the trading update is better than the last one, which was a bit dissapointing in terms of turnover.

[martincoops] 31/8/2006 21:34

So we have the following to come over the next couple of months

Trading update, acquisition, fund raising plus the restarting of trials on the Clip-on needle.

Nice to see we got 2 mentions in the Times in a week.

[martincoops] 31/8/2006 19:29

Hi guys

Back on nights and found this little snippet as well from the Times posted on the 23rd August

Smaller stock to watch


International Medical Devices, the former cash shell planning to consolidate the UK medical equipment sector, was pegged at 458p despite word that next month's trading update will reassure. IMD bought EMS Medical this month and is expected to secure a further acquisition within two months. Corporate Synergy, its new house broker, is due to initiate coverage in early September.

[martincoops] 30/8/2006 07:29

Nice find Ged.

Well lets hope they raise the money at 7p per share again. It would be nice to see my funds starting to make money in this one!

[james t kirk] 30/8/2006 07:07

Thanks Ged, I thought there must have been some press somewhere, but some nice buys yesterday anyway.

[ged5] 29/8/2006 19:59

CHINESE-MADE hospital beds will soon be ready to challenge for the NHS business dominated at present by Huntleigh Technology. International Medical Devices (IMD), quoted on AIM, plans to sell the beds at a big discount to the £1,500 price of a Huntleigh bed. IMD is raising £4m from investors to support the roll-out of the group's products - among them a safety needle.

[james t kirk] 29/8/2006 16:32

Is that Jo bloke still around, or was he a plant to get share price down ahead of major news??

Down 10% at one stage now finished up 2% - good stuff..

[james t kirk] 29/8/2006 14:41

Something's definately up here. Limits changed considerably

Now buy 250k @ 5.13p
Sell 75k @ 4.37p

You haven't been able to sell that many for as long as I can remember and all those buys today???

[james t kirk] 29/8/2006 11:01

I wonder if there's a mention in the press somehwere as the buying has been pretty steady over the last few days?

The graph's a bit sick though..

[martincoops] 29/8/2006 09:39

Not on TDW cant even buy £100,

Mind you could'nt buy 250,000 not enough funds for that :-((

[james t kirk] 29/8/2006 09:30

Martin you should be able to buy 250,000 at 4.45p

[martincoops] 29/8/2006 09:13

But you cant even buy £100 worth

Strange!!

[james t kirk] 29/8/2006 08:43

You can now sell 37.5k online at 4.37p, which is a great improvement and may encourage some buying?

[james t kirk] 24/8/2006 18:02

Things are looking up!

[martincoops] 24/8/2006 14:58

lol

If you like I will buy your 20,000 shares at 4.35p (thats each by the way) Could always arrange an X trade.

This will turn but not until the overhang has gone. Maybe now the acquisition is out of the way the directors will pick some up cheap?? Thats assuming they are not buying another company!

[james t kirk] 24/8/2006 13:53

Hi Martin,

Online limit is still 1000 to sell or £45 worth! I could probably get 5000 sold but I think I'll hang in for now, as it may be about to turn. Stranger things have happened.

[martincoops] 24/8/2006 13:13

Hi James

Still a large overhang out there, can still buy below mid price so until it clears it will be hard to sell any amount of stock. Mind you you might get 4.5p today seeing as we have now had 3 buys on the trot.

Will hope to speak to the company on Tuesday so will update then on what is happening or not happening.

[james t kirk] 23/8/2006 07:28

The drop yesterday is down to me amazingly. I placed a sell order for 20,000 shares with a limit of 4.25p as I wanted the cash for something else. They refused to play ball but dropped the price.

So me trying to raise £850 wiped 1/2 million of the share price. Trying to put that into perspective but struggling really. It's a lock in boys..

[jotoha1] 19/8/2006 12:08

Ged I do have an issue with Thomas, if you care to check his statements from 2003 onwards with FAR, you will see the man consistendly made statements that FAR had turned the corner, this was not the case !!!and in the end outside investors have had to come in and bail him out, and the best think they did was to make him take a salary drop...rightly so, the man has no ethics!!!

[james t kirk] 19/8/2006 08:16

I couldn't work out why Jo said the purchase of EMS was so bad. INT have paid 450k now of which 200k was cash, so clearly cash wasn't a problem.

The remaining 550k will only be paid if they make 800k profit over 3 years, so there's very little risk to INT. These paymenst will be paid at yearly intevals and at the share price at that time.

INT are growing steadily by buying small PROFITABLE medical companies and if there isn't savings to be made by bringing together lots of small companies then certainly the management have a problem, but I'm confident they can improve margins and drive the profits.

Sadly this share is one of the most illiquid on the market and there are only two MM's which doesn't help, especially when one is Winterfloods who don't generally like to hold stock, so once you've bought the stock you're pretty much lumbered with your investment.