International Medical Devices Share Discussion Threads

[8trader] 30/1/2008 15:02

Send them a email then to point it out LF.

Other mm's are helping to try and clear the seller by moving the
bid back up on any buy.

2.2-2.35p spread..75k v 150k.

[ladyfarmer] 30/1/2008 14:57

but the wrong industry classification?

[8trader] 30/1/2008 14:44

It's the same everywhere, PR is very thin on the ground, stocks drop
to new lows and nothing is wrong but they dont say nothing etc etc.
You just have to take it on the chin.

[ladyfarmer] 30/1/2008 14:27

ok but I still think the broker and company are neglecting their obligations

[8trader] 30/1/2008 14:13

LF.

Relax, overhangs in penny stocks can certainly bring out all the
fustrations in holders, i know because i've been there, there is
nothing wrong except there is a seller, look at Stp, there was a
seller there that drove the price down to 0.5p bid, today punters
have been chasing it up to 1.1p because the mm had no seller, one
day it will happen here and in all the other penny stocks where
there is overhangs, it will clear and when it moves up the buyers
wont be able to get much without paying a premium and before you
know the price will be up 30%+, but for now you have to suffer.

[ladyfarmer] 30/1/2008 13:46

following on from my previous post, just noticed that on Barclays Sockbrokers
they are described as "general financial" ??? I'm losing faith fast. FOR THE WRONG REASONS. Is there are hidden agenda?

[ladyfarmer] 30/1/2008 12:23

the co website doesn't mention the latest rns (and I haven't received a response to my email to then yesterday) and they are industry classified as "Chemicals - major diversified" (I tried the "Others like this" button on the ADVFN co financials page) so how can they come to the notice of people interested in small medical co's with potential.

Seems neither the company nor their brokers are trying very hard to increase profile and thus share price

Pity as I think their business model is good - but they should behave like the quoted company they are - not some cosy little private concern

[8trader] 30/1/2008 11:58

I thought about 1.5 mil profits all in, next to the current market cap
of 7 mil it is very cheap, like i said a overhang can cause allsorts of
drops to a shareprice and make you think something is wrong when all in
the company is fine.

[ged5] 30/1/2008 11:53

The most recent purchases by directors was 4p plus the rights taken up at 4p and 5p suggests you'll easily achieve your target.

The broker's note gives sound reasons for 5p plus 1p for the Surety Needle. They're anticipating profits of 1.5M

[8trader] 30/1/2008 11:38

Ged.

My target is 3.25p bid.

I base that on fair value of the company making around 1 million
profits this year and with yesterdays deal which could also add
a few bob to profits.

[ged5] 30/1/2008 11:33

8Trader,

I have plenty of that - it's needed here. And thanks for your insights into being a trader. Here and on TMP where I have a few.

[ladyfarmer] 30/1/2008 11:31

thanks. All comments welcome - I'm learning fast!

[8trader] 30/1/2008 11:31

Ged5.

Most penny stocks have a overhang, i'm invested in several that are
suffering because there is a large seller, one by one they get cleared
and the true value will show in the shareprice, a little patience is
needed.

[8trader] 30/1/2008 11:29

I really dont know, i never leave orders on a system, basically because
when they do get around to fill them it's never at the right price, the
spread firm are the worst. i had a sell order at 180 and they sold for
144p and they got away with it even when the price opened above 180p !!!

[ged5] 30/1/2008 11:28

I thought there were just 2 things holding back the share price

1. The presence of Chris Thomas as CEO (another poster's view not fully mine)

2. The lack of contracts for the "Clip-on" syringe or Surety Needle as it's now called.

Well we had the announcement on 3rd December that Chris Thomas was moving on and yet we only had a deterioration in the share price

Now we've had this news about the Surety Needle being endorsed. The announcement is spurious to say the least as is the one from July.

My reading of the situation is that IMD will now be on a list with any other safety needle. Am I correct in this thinking? Nowhere has exclusive agreement been mentioned. Also all the figures quoted in the 2 statements relate to the NHS not to IMD.

I was fairly disappointed with the share price after yesterday's announcement but on reflection the pieces of the jigsaw are gradually being put into place. I think there's still plenty of work to be done but if the Surety Needle is as good as claimed then there's absolutely no reason why we shouldn't make headway towards the broker's 6p target price and beyond.

[ladyfarmer] 30/1/2008 11:27

would it help if they didn't know price at which our shares would be available for sale? They'd then have to up bid until someone dealt.

As it is they know that, having bought at 2.25 say, I've posted a LO sell at 2.4. Anyway I've cancelled mine. Hope it helps. And I do carry out thorough research before investing in stock. I'm a private equity professional. Just relatively new to stock market.

[8trader] 30/1/2008 11:19

Other mm's always seem to know when there's a overhang, they are just people
like us and can see all the buys going through below the offer and the offer
price not moving so it's easy to spot.

The online quotes are a guide but a good guide, you should do other research
before buying a stock.

[ladyfarmer] 30/1/2008 11:04

how do mms know there is an overhang of sells? I must admit I often post a sell limit order as soon as I buy - but is that giving wrong impression? What if we all cancelled our sell limit orders? Or is that naive?

[8trader] 30/1/2008 10:58

Something has changed.

Could not sell anything online today and yesterday but now
it's 250k.

Still 150k offered at 2.35p though but 2.25p bid for 250k so
the bounce is possible.

[8trader] 30/1/2008 10:43

Stock available at 2.37p which is still a very cheap price.

[8trader] 30/1/2008 10:42

What a great price that was, wins should have stayed put and cleared
their overhang at 2.24p offer, amazing how a overhang can make a profitable
company hit all time lows even after yesterdays deal.

[ladyfarmer] 29/1/2008 17:48

The RNS dated 26-07-07 gives useful background re market size and timing:(my exclamation marks):


"26 July 2007 NHS works with IMD to fast-track safety needles into the NHS catalogue

IMD is delighted to announce the launch of two manually retractable hypodermic
safety needles

Having been originally developed under the project name 'ClipOn', IMD is to
launch the first products in its SuretyTM range of safety devices under the
brand names SuretyTM Needle and SuretyTM Needle+.

During the course of the last 12 months in England and Wales 147 million
hypodermic needles were purchased via the NHS Supply Chain catalogue and the
number of safety devices in use has now grown to 14 million per year. (!)

The decision by NHS officials to fast-track IMD's safety devices into the catalogue ahead of the official needles contract renewaldate of summer 2008 (!) is largely due to the innovative and unique design of theneedles."

[8trader] 29/1/2008 17:17

The 250k just before the close was the seller who has more to
get rid of.

A bit of press tomorrow could clear that overhang.

Think the stock will remain popular with penny punters if they
keep the price at 2.5p or lower to buy.

[ladyfarmer] 29/1/2008 16:47

should increase visibility to other players in this sector. And if the share price won't reflect value then presumably will look attractive as an acquisition. So, one way or another, happy to hold in anticipation of good roi.

[rokkie] 29/1/2008 16:14

completely agree 8trader. It's a shame that the current trend seems to be sell into strength, rather than top up with more for the future. Some of my stocks have had strong RNS's only for the share price to go down.