MDY Healthcare Share Discussion Threads

[jimmyloser] 22/2/2012 10:53

Aberdeen, I figure we are looking at £1+ here with a good wind!!!


imo/dyor

Tax Losses + Stake in Stanmore+Aim listing

[aberdeen_angus] 22/2/2012 10:47

Quite a lot of buying activity driving the price upwards again today. Is news of the Stanmore sell off about to break?

[arsene5] 15/2/2012 10:16

breaking news.

farts loss reduced from 97% to 95%.

said fart , 'ey oop laddie, that makes it my best share ever', as he walked off te cobbles eating burger.

[hotfinance14] 15/2/2012 10:10

Basically we should get around 86p plus in dividends.

[dougcsv] 14/2/2012 11:05

Hot - That is Tax for the company...not us. We will no doubt be subject either to income tax or capital gains tax on the payout....compounding an already substantial loss.

I have asked the company about this by email and had no response. I suspect they will say for us to take our own tax advice - ie pay a tax advisor !

[hotfinance14] 14/2/2012 10:47

MDY Healthcare plc



Update on realisation of Medivance investment





29 November 2011: On 26 October 2011, the Board of MDY Healthcare plc ("MDY Healthcare" or, the "Company"), the strategic investor in healthcare companies, announced that the Company expected to realise its investment in Medivance, Inc. ("Medivance"), subject to the completion of the acquisition of Medivance by C.R. Bard Inc., for a total cash consideration of approximately US$250 million (the "Transaction"). Completion of the Transaction was expected to occur in Q4 2011, conditional on receipt of US anti-trust clearances.



Following completion of the Transaction on 10 November 2011, the Board of MDY Healthcare confirms that the Company will receive gross cash consideration of approximately US$21.8 million (£13.98 million) for the sale of its holding in Medivance. The Board further confirms that it has been advised that the receipt of the proceeds are not expected to give rise to a tax liability for the Company.



Of the total gross cash consideration, US$19.96 million (£12.80 million) was received by the Company on 28 November 2011. The balance, which is being held in escrow pending potential warranty and indemnity claims in accordance with the terms of the Transaction agreements, is due to be paid out to MDY Healthcare, to the extent not utilised, within the next 17 months.



As stated previously, MDY Healthcare currently has total outstanding indebtedness of approximately £1.65 million plus accrued interest. Following receipt of the proceeds, the Company will repay all outstanding debt together with all accrued interest. As a result of the completion of the Transaction, Stanmore is the Company's sole remaining investment.



Following the repayment of the debt referred to above, the Company intends to return the majority of the funds received from the realisation of its investment in Medivance to shareholders by the end of March 2012 and is in discussions with its advisers on the most efficient and timely way to achieve this. The Company's strategy going forward is to make further payments to shareholders on receipt of any escrow funds and the realisation, at the appropriate time, of the Company's investment in Stanmore.



The Company will make a further announcement regarding the return of funds to shareholders in due course.

[hotfinance14] 14/2/2012 10:42

On a previous rns.

NAV is 88p...so should the share price not be nearer this figure ?

[hotfinance14] 14/2/2012 09:57

Mdy have stated there will be no tax charges.

[dougcsv] 14/2/2012 09:30

A link I found describing the possible taxation position - anyone care to offer a view?



It seems to indicate to me that this can be treated in a number of ways some of which might be to the disadvantage of shareholders already underwater (ie most)by treating it an income and being taxed as such ?

[dougcsv] 14/2/2012 08:58

OK so who sold - I'd be interested in the logic* they used to arrive at that decision.







*logic ...mdy?

[aberdeen_angus] 09/2/2012 14:47

They ought to close the spread as it might help attract more trade.
As it is every modest buy is greeted with a small tick up in the price.

[arsene5] 07/2/2012 14:32

Probably more like rehab, hotfinance.

[aberdeen_angus] 07/2/2012 14:22

As anticipated, bid and offer rising.

[hotfinance14] 07/2/2012 10:12

Kebab I reckon.

[arsene5] 07/2/2012 10:05

The real question here is whether the fart will buy a burger or chicken nuggets with his dividend ?

[hotfinance14] 07/2/2012 09:49

I recall that in March we have news of the dividend to be paid.

[aberdeen_angus] 07/2/2012 06:42

It looks like you have heard the same contacts that I have sweepie2. I am optimistic that the news might break shortly.