Medica Share Discussion Threads

[sand frog] 04/1/2008 11:01

CHECKOUT CAPT, RELEASED EXCELLENT NEWS TODAY, JUST STARTING TO TICK UP... CAN STILL BUY AT 0.4P...BUT NOT FOR LONG....

[chancer6] 04/1/2008 11:00

Yep...but should make the price rise substantially to near to 1p before any consolidation happens imo.

[canny lass] 04/1/2008 10:58

Chancher6,

I would have thought it will all come in one general announcement.

Particulars of the acquisition.
Proposed means to fund acquisition - Rights Issue.
Share consolidation to justify 7.5p share price.

Normally the price offered for the Rights issue is slightly discounted to the share price.

[spymaster25] 04/1/2008 10:58

so is my 250k not enough then. should i have a few million maybe

[chancer6] 04/1/2008 10:53

But before a consolidation announcement an acquisition announcement has an imo will come.

[canny lass] 04/1/2008 10:53

spymaster,

If what you say is correct then an announcement regarding a share consolidation must be on the way.

In addition to the consolidation there must also be a fund raising exercise offering current shareholders the opportunity to buy further shares at 7.5p on the basis of the ratio 44 for every 400 held or some similar ratio. Is this what is termed as a 'Rights' issue?

[chancer6] 04/1/2008 10:39

An acquisition announcement may be on its way then as the company did state in the last results that was the way they wanted to grow as a company.

[spymaster25] 04/1/2008 10:35

it was something like for every 400 shares you own you can buy 44 at 7.5p each. i will check again

[chancer6] 04/1/2008 09:45

IMo strong rises are forthcoming here soon one way or another!

[canny lass] 04/1/2008 09:16

Made a mistake earlier, the consolidation would be 1 for every 20 shares held.

If broker (spymaster's earlier post) correct with the 7.5p share value then that is all i can suggest to justify the apparent pending change.

Just have to wait and see.

[chancer6] 04/1/2008 09:13

I did get the below from the chairman last wk and just a refresh thing...the below post again.

Chancer6 - 28 Dec'07 - 18:24 - 216 of 228 edit


Got the below reply from the chairman today. I questioned him about the basic website and lack of news flow since the results in the summer.

I have received your e mail and note your comments particularly in relation to the website. You will appreciate that as a public listed company no announcements are made unless to all shareholders. When there is any price sensitive information then the Board will issue a statement through the stock exchange. Other than that we only issue half year and final results statements as is normal practice. Clearly an update will be circulated with the annual report and accounts and I would hope that you will be patient and wait for that.
I can however assure you that the Board are united in our efforts to achieve value for our shareholders.
Best regards
George Kynoch

[chancer6] 04/1/2008 09:09

They would not do a consolidation of the shares with just around 130 million shares in issue...

[canny lass] 04/1/2008 09:07

At an approximate mid-price of 0.375p that would equate to a consolidation of 1 for every 200 shares held.

[chancer6] 04/1/2008 08:58

KBC have already taken a position on the 0.54p offer!!!

[chancer6] 04/1/2008 08:56

250K at 0.42p....L2 is 1 v 1. Maybe corporate action soon but new shares would be at the ord of 1p...where do you get 7.50p from? Been pretty hard to buy stock over the last few days/wks.

[safman] 04/1/2008 08:45

morning and good luck...

saffy..

[spymaster25] 04/1/2008 08:07

got 250k but told by broker there is corporate action. new shares at 7.5p??

[chancer6] 31/12/2007 09:35

0.32-0.38p, L2 is 1 v 1.

[chancer6] 31/12/2007 09:32

Topped up just now with 100,000 shares at 0.38p.

[canny lass] 28/12/2007 19:08

Thanks Chancer6.

Anyone know when the annual report and accounts are due?

[chancer6] 28/12/2007 18:24

Got the below reply from the chairman today. I questioned him about the basic website and lack of news flow since the results in the summer.

I have received your e mail and note your comments particularly in relation to the website. You will appreciate that as a public listed company no announcements are made unless to all shareholders. When there is any price sensitive information then the Board will issue a statement through the stock exchange. Other than that we only issue half year and final results statements as is normal practice. Clearly an update will be circulated with the annual report and accounts and I would hope that you will be patient and wait for that.
I can however assure you that the Board are united in our efforts to achieve value for our shareholders.
Best regards
George Kynoch

[chancer6] 27/12/2007 09:40

L2 is still 1 v 2...SCAP and HOOD have already taken a position on the 0.45p offer! WINS & EVO on 0.38p and then KBC on 0.40p.