Medical Solutions Share Discussion Threads

[lbo] 30/11/2006 11:52

That Simon Knievil fella is on about MLS. (Thought he died on a motor bike?)


"I met up with the new chap running Medical Solutions (MLS) last week - Laurie Turnbull. He is Scottish and said that he normally wore a kilt. I see nothing wrong in this. From what i gather from the diarist, quite a few chaps at Oxford liked to wear skirts and other items of women's clothing. We all go through phases. Unlike his predecessor, Mr Turnbull is not tee-total and this has to be a positive sign. As I have noted before, Medical's current valuation is almost entirely underpinned by its cash position and its technology is in for virtually nothing. Turnbull has a good track record and will, I am sure, soon sort its operations and advisers. This seems to me to be a very cheap stock indeed"

[camy] 30/11/2006 11:42

Eager buyers. T trade last night and today 2.5M at offer. Looks like SP's about to get a bit of a heave.

[ccnp] 30/11/2006 08:18

news so soon after director buying would be frowned on

[spaceparallax] 29/11/2006 18:27

Couple of late 250K BUys @7.75p - could help motivate the share price again.

Following on from the recent announcements, can't help feeling that we're overdue some developing news.

[spaceparallax] 27/11/2006 10:13

Good to see the Directors continuing the Buying - very valuable sentiment at this stage (despite modest sums involved) and should help the long overdue recovery.

[bartdude] 27/11/2006 10:09

Is this the year MLS finally goes GREEN!!.

[warranty] 27/11/2006 09:36

At least the directors are buying now, how long have we been saying on here that if they haven't the confidence to buy then why should the rest of us? Only 100k in this case and most of us on here hold many more than that but at least it's a start so let's try and remain positive.

[garey_de_angelis] 27/11/2006 09:19

"Since you began your campaign to damage sentiment"

The only damage i'll do is to sell my 450k at 13p

so get back in your box snow white

[burrmj] 27/11/2006 08:53

well I did not like the appointment so sold at 7.25 after holding for over three years, like a fool!! what do I know. At least the directors are now buying

[garey_de_angelis] 27/11/2006 08:37

pbracken,

I'm going to start calling you happy ears. Steve's research is valid and informative even with a taint of bias towards the sale of his holding at the wrong time.

You only want to hear that MLS are doing well. Take off the rose tinted specs and see the full picture. You cannot make investment decisions if you dont IMHO.

:-D

[bartdude] 27/11/2006 07:36

I couldn't give a.... who is on the management team
as long as the shareprice continues to go north.

[pbracken] 27/11/2006 07:07

stevi111 spends his weekend researching stuff on a company he has no interest in, ever more embittered because he sold too soon (again), while the rest of us watched the footy and the cricket and had fun with the family.

However, he's not wrong when he says of himself 'I haven't a clue.'

You're right of course, SC - the shares are cheap on any sensible reckoning. I spoke with Sue Foden the other day and she emphasised the handover from NJ would be orderly and, whilst the Board wanted him to stay, Turnbull's skillset was entirely aligned with the objectives of the business.

M&A avctivity - well flagged - is clearly on the cards.

[captain kurt] 26/11/2006 22:07

stevi1111.. good research
Out on the sidelines watching this one...following your comments
will stay on the sidelines for now

[ccnp] 26/11/2006 20:51

so are you sggesting we can expect to see the IP 'migrated' to the cash shell and MLS go to the wall ?

[stevi1111] 26/11/2006 19:24

Horacehowe.......So right you are. This is all well dodgy. It seems these guys lurk around the same kind of companies in Nottingham.

Kingsbridge Advisors was indeed Kingsbridge holdings. Charles Green was chairman of Kingsbridge holdings until 30th January 2003 where he stepped down as chairman but remained a Non-Executive Director until 27th August 2003 when he resigned to concentrate fully on Medical Solutions.

On the very same day that Charles Green resigned from his non-executive role in Kingsbridge guess who was appointed as CEO of Kingsbridge? That's right our good old LAURIE TURNBULL!



Kingsbridge, under the leadership of Laurie Turnbull, then went onto sell all it's assets soon after(In October 2003) and became a cash shell. The cash shell is now called PENMC whom CEO is Laurie Turnbull still! Nothing has ever been returned to shareholders there 4 years after all the assets were sold. It's also worth noting that good old Laurie sold all Kingsbridge's assets to the former management team of Kingsbridge. How nice of him - Shareholders well shafted there.



This is exactly what has been happening to Medical Solutions. First, Charles Green goes as CEO but out of the goodness of his heart he still involves himself with the sale of the Dubai asset (which was a cash cow for the company and didn't really need selling anyhow) It would'nt surprise me at all to see either a Charles Green led buyout of MLS or Laurie Turnbull actually selling off the UK based assets and MLS becoming a cash shell eventually just like PenMC. Laurie will probably sell it to his good friend Charles Green IMO!

Without a doubt I believe Charles Green is still involved with MLS at present in one way or another.

What this means for MLS shareholders I haven't a clue but this guy Laurie Turnbull's appointment sure means caution must be advised. He is well known for MBO's and takeovers etc...and not for actually growing businesses.

[horacehowe] 26/11/2006 15:40

Stevi1111 & SC
S.C i see from S.i 1111 post L.T.is a director of Kingsbridge Advisors Ltd.which i presume was formerly Kingsbridge Hldgs.if so he could be a co director with Charles Green ( assuming Green is still a director ).If so mbo springs to mind.Which would leave me very unhappy,and very sceptical of the future direction of this Company.

[Abuse team] 26/11/2006 12:53

Post removed by ADVFN

[simon cawkwell] 26/11/2006 12:39

Stevi1111,

I see no evidence that proves Laurie is incompetent. All I see is that he is experienced in handling small companies. I know from personal enquiry that he understands small companies and their quotations. Just wait and see.

Simon Cawkwell

[stevi1111] 26/11/2006 11:39

Rex........Great post that.

It doesn't even deserve a reply really so I won't bother. I'm sure you know deep down who is the more successful trader :)

Hope you took your Aerobox loss like a man :(

[simon cawkwell] 25/11/2006 19:06

Gentlemen,

NJ's departure is not bad news. He took a strong hold of the finances whilst Charles Green kept getting the deals done.

MLS is now cleaned up. So it is no surprise that NJ has looked to pastures new and it is hardly surprising that MLS cannot match the resultant offer(s).

However, I have met Laurie Turnbull. He is most definitely not a fool and, further, he is extremely practical.

I may be wrong but I think we'll see MLS well served by his stewardship. When I spoke to him on the announcement of his taking up the reins I did not know that he would buy the shares. However I am delighted that he has now confirmed my understanding that the shares are cheap.

A proper price is about 10p for the time being. That is true even if the market tanks.

Simon Cawkwell

[yuka] 25/11/2006 13:53

LOL - nowhere near as big a mistake as you Rex buying at 40p and averaging all the way down! Go on - admit it and take it like a man - you made a mistake ;)

[rex taurus] 25/11/2006 13:14

stevi - admit it and take it like a man - you made a mistake.

Volvo's interpretation makes sense. IMO the departures signal the end of the MBO and the main shareholders believe there is more value to be had from this company than simply selling it at a knock down price.

As I said, back to 40p in two years would make a pleasant end to this saga.

All IMHO, DYOR.