Mediwatch Share Discussion Threads

[david77] 24/11/2013 09:26

"Forgive me if my thinking is wrong but my interpretation is that if Laborie get 50%+ ..."

They have control. They announce no dividends for the foreseeable future and their offer remains open.

[p1nkfish] 23/11/2013 22:02

Be sure to read page 25 of the 2.7 document as to the right to implement a take-over offer. Read it carefully and engage the brain. Read it repeatedly and ask questions of it. Interesting.

Forgive me if my thinking is wrong but my interpretation is that if Laborie get 50%+, but not 75% for the Scheme of Arrangement, they might elect to make a take-over offer for some percentage of the outstanding shares to achieve the result. This might be 90% of the shares left-over or some lower % as necessary. That doesn't necessarily mean 6p.

Anyone else have a different interpretation?

[p1nkfish] 23/11/2013 14:10

Not impossible for this to fail and the BoD to have to get on with the job.

[p1nkfish] 23/11/2013 13:59

Does anyone have a quick figure for the % of shares now irrevocably committed?

As of 21st Nov they need to find another 33% to get it through and that gets them into looking at nominee accounts for people

[totally banjo] 23/11/2013 13:29

Will add to this to give an insight into the timeframe of events:

Laborie/Mediwatch Timeframe

15 August 2013

Mediwatch PLC Audax Group Agreement

The discussion between the two parties with information outside of the public domain to assess the value of Mediwatch

08 October 2013

Indicative and non-binding proposal for the acquisition of Mediwatch and the non-binding employment agreement for Philip Stimpson.(with page 2 missing)

18 October 2013

Response to increase in share price

The Board of Mediwatch confirms that it has received an initial approach from Laborie Medical Technologies Europe Limited ("Laborie") with respect to a possible cash offer for the entire issued and to be issued share capital of the Company.

There can be no certainty that a formal offer will be forthcoming.

[p1nkfish] 22/11/2013 21:17

Must be, they don't make mistakes do they?
Any idea if 25% might be against this?

[barrywhit] 22/11/2013 20:20

Are sections 3, 4, & 5 missing for a reason..........lol

[totally banjo] 22/11/2013 18:05

Would have been interesting to read page 2

[totally banjo] 22/11/2013 17:01

No wonder they couldn't get into double figures with all that paper work!

[barrywhit] 22/11/2013 14:44

Just in case any of you want to read the irrevocable agreements and Philip Stimpson's Service Agreement they are all listed on the Mediwatch Website link:

[barrywhit] 22/11/2013 12:48

I'm sure it's not illegal, as the clause the Directors have signed reference the irrevocable undertaking not to entertain a higher offer, but it should be!!

[tissueboy2] 22/11/2013 12:40

Sholdn't this be reported to the FCA?

[totally banjo] 22/11/2013 11:54

Morning barry and yes saw that article.....unbelievable!

[barrywhit] 22/11/2013 11:53

who knows??????? nothing would surprise me anymore.....

[david77] 22/11/2013 11:44

Or are sellers getting a bit more for their shares?

[barrywhit] 22/11/2013 11:41

Isn't this a conflict of interests, helping broker a deal in a company you are a NED of and a shareholder......

[barrywhit] 22/11/2013 11:23

petralva,

Very few have come on the market since the offer, less than 5% so far...

[petralva] 22/11/2013 10:11

3 more 50000 plus buys! could it be laborie? or someone else in the background.

[barrywhit] 22/11/2013 08:24

Morning Banjo,

All we can do is vote against the offer, we need 25% to vote against...and I believe that is 75% of those that bother to vote....

[totally banjo] 22/11/2013 01:03

'greedy people' never! Sorry for doubting you Justjules.

[totally banjo] 22/11/2013 00:58

Dear Mick

Thank you for your e-mail and for attaching the comment below. These people really frustrate me as they hide behind alias and do not come out and identify themselves. Omer is not having problems and is not going to lose his home and Mediwatch does have an exciting future. Please look out for the results when they are released and you will see that Mediwatch is continuing to progress and grow in these difficult economic times. We are facing government cuts both in the UK and the US in healthcare and we are having to work around this but I can assure you we are doing what we can to get the share price moving and I thank you for your continued support.

kind regards
Philip


Philip G Stimpson
CEO
Mediwatch Plc
Lumonics House
Valley Drive
Rugby
CV21 1TQ
U.K.

Telephone [phone]
Fax [phone]
e-mail [e-mail]
website www.mediwatch.com


________________________________________
From: mick fdm [mailto:[e-mail]]
Sent: Fri 21/01/2011 2:15 PM
To: [e-mail]; Philip Stimpson
Subject: Problems within Mediwatch? Concerned share holder
Afternoon Philip,

As a long term investor in Mediwatch I've been concerned with recent posts about the company and especially the
one I've pasted in below.The last trading statement is reflected in today's share price which is fair enough but after reading the post below I'm thinking is there a major long term problem?

Regards

Mick (banjo)

"Justjules - 21 Jan'11 - 11:00 - 57 of 58 (premium)


TB... get a life.... If you are invested you are stuffed,,,, if not ,then you are truly a mouthpiece for the company, ... I feel sorry for you coz this company had heaps of potental but was managed by greedy people.

Omer. I know you read this, you know who I am and you have really stuffed up. More importantly you have lost friends over this. I truly hope you don't lose your home over this.... you know what I am saying!
This company had so much potential... it's so sad!!!"

[jmorgan0] 21/11/2013 17:52

INFO TO SHARHOLDERS SINCE INIRUM STATEMENT (NEWSLETTER POSITIVE 3rd QU)SEEM TO BE A BIT SCARCE. WHY GOOD OR BAD HAVE I BEEN HOODWINKED. 6p SEEMST O BE THE LIMIT OF MY INFO

[totally banjo] 21/11/2013 17:22

So,even if there is less than 75% shares/yes vote the Laborie bid still goes through?

[barrywhit] 21/11/2013 16:43

Banjo,

The company needs 75% of the vote, the directors hold 27.31% so in theory that is sufficient to block any future offers from achieving the 75% required for a take-over..........so why would any company try and make an offer?....

[totally banjo] 21/11/2013 16:29

18 November 2013

"The Acquisition is conditional on, amongst other things, the approval of Mediwatch Shareholders at the Court Meeting and the passing of the Special Resolution at the General Meeting."

"The Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the General Meeting, will be posted to Mediwatch Shareholders as soon as practicable and, in any event, within 28 days of this announcement."



Therefore IF Mediwatch is worth more than the current offer there is nothing to stop another bid to be put together before the 28 days has expired.

The 'irrevocable undertakings' only relate to 27.31% of the issued share capital.

IF there are no further bids then that suggests Mediwatch is indeed priced correctly and therefore makes a mockery of past share price levels when the company was in a worse state!




The above chart shows the last time MDW received an approach with the announcement on

and then the 'no longer in takeover discussions' announcement