MDY Healthcare Share Discussion Threads

[monte1] 27/10/2011 13:53

#3821

You are wrong.

Look at teh historical - some may say 'hysterical' - price charts.

Whilst you are at it, as an interesting aside, work out how much shareholders funds have been coughed up to realise this ' great success'.

[laeb1] 27/10/2011 12:20

Look at what the share price was at their height!!!!

[hotfinance14] 27/10/2011 11:38

The consolidation was 1:50!!!!!!!!

SP was 2p at the time.

[laeb1] 27/10/2011 11:26

Sounds about right monte1
Long term holders have lost a fortune!

[hotfinance14] 27/10/2011 11:11

Mdy were never worth £8.40. I recall a rights issue at £1.21 and that was about an average price at the time.

[monte1] 27/10/2011 10:44

#3817

They were worth an equivalent £8.40 at peak. So with a 260% gain yesterday, they have now "only" lost 95% of peak value.

Quite staggering.

[hotfinance14] 27/10/2011 10:13

Was it 20:1 by memory.

[jimmyloser] 27/10/2011 09:47

CONSOLIDATION read RNS's A big consolidation

[failedqs] 27/10/2011 08:38

Everyone,
Well done all you people who held MDY before yesterday's announcement !! :-)
I had MDY shares about 10 years ago (maybe longer) in the days of the safety syringe. Has there been a share consolidatuion over the years, or is the current shareprice directly comparable with the price of about 10 years ago?..... (A friend still holds MDY shares and has asked me, and I dont know)
Thanks a lot.
FQS

[hotfinance14] 27/10/2011 08:33

I expect not many holders have actually made a profit.

[dyfiman] 26/10/2011 20:23

FOR JIMMY

There's gold in them there pills says MDY Healthcare Oct 26, 2011
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Investment firm MDY Healthcare has seen its share price more than triple after announcing an impressive profit on a deal in the US.

MDY is selling its 10.4% stake in Medivance for around $20m. This return is on a total investment of $6m plus sterling debts of £1.65m

In other words MDY has made an absolute killing.

It now only has one remaining investment, in another medical firm called Stanmore.

MDY says it will now ponder what to do with its roughly $14m war chest.

Shares in the firm now stand at 46p up from 12.5p, a rise of 268%. Not a bad day at the office then.

BS

[jimmyloser] 26/10/2011 18:47

I expect so.

Every dog (this qualifies hands down) has its day, and today, was this dogs.



hotfinance14 - 26 Oct'11 - 17:34 - 3811 of 3812
Jimmyloser...what will you do when Mdy has gone ?
I will continue playing the long game with GALLEON HOLDINGS

I plan to listen to peoples advice.

[formentera] 26/10/2011 18:45

Buy ORE or RGM eh, Jimmy!

[hotfinance14] 26/10/2011 17:36

So on the payment of this dividend would Mdy immediately delist for the AIM ?

[hotfinance14] 26/10/2011 17:34

Jimmyloser...what will you do when Mdy has gone ?

[hoveite] 26/10/2011 17:26

Re tax losses the 2010 annual report states

"The Group has an unrecognised deferred tax asset at 30 September 2010 of £5,883,000 (2009: £4,869,000). The deferred tax asset relates to tax losses carried forward at 30 September 2010 of £21,011,000 (2009: £17,390,000) which have not been recognised in the Group accounts."

So it looks like there should be sufficient tax losses available assuming that MDY's holding of Medivance is structured in a way that enables them to use these losses.

[hotfinance14] 26/10/2011 17:19

And after the payouts that would be the end of Mdy.

I hope Wong is no longer a shareholder.

[baner] 26/10/2011 17:11

stanmore should more than cover outstanding net debt, which is £1.7m, and any remaining liabilities. there is no staff, no office, no pension issues - even the greedy Dr Wrong is paid off!

this would leave at least the net proceeds from Medivance to pay out to shareholders. assume mid-value as per announcement today = £12.8m. fully diluted this will be £13m to be shared between 18.3m shares = 71p/share, assuming no tax.

if we get b.v. for Medivance the number will rather be 75p/share.

if there is full tax to pay, the number will rather be £10.7m or 58p/share - however there will at least be some tax losses available - given Dr Wrong´s appalling performance over the years!

so 60p or better looks realistic - with 75p as a "realistic target" if taxes can be cleared.

[hotfinance14] 26/10/2011 16:45

Jimmy..you expecting a special Dividend of 65-70p per share ?

[jimmyloser] 26/10/2011 16:29

I would go cautious at £3million less debts and wind up costs

I hope for 65-70p final payout

impo/dyor

Been a L-O-N-G time coming this one.


JL

Cross your fingers for GALLEON on Monday.

[hotfinance14] 26/10/2011 16:09

It would therefore be reasonable to say the Mdy shares in Stanmore is now worth over £3m...possibly £4m-£5m.

[hoveite] 26/10/2011 15:37

Hot,

See

On 1 Dec last year MDY sold some of their holding in Stanmore at £1.00 per share.

MDY have 2.4 million shares left, so £2.4 million would seem like a good starting point when trying to value their share of Stanmore.

[hotfinance14] 26/10/2011 15:32

Britishb...I havent been following the company for about 2 years and you guys have so you should know these figures top of your head.

How much is Stanmore worth ?