Mediwatch Share Discussion Threads

[begorrah88] 18/12/2013 11:52

Has Totally Banjo run away to his own thread again? at least there he doesn't have to deal with anyone elses view.

Does the same wherever he goes.

[totally banjo] 18/12/2013 11:09

and more info.....rang my bank this morning who said they sent the voting forms out on the 10th December (never got mine!) anyway,voted over the phone via my bank,all very strange!

[barrywhit] 13/12/2013 12:08

Afternoon All,

P1nkfish, if it is your last post, have a great Xmas and a Happy, Healthy and prosperous 2014............it's been a pleasure........regards Barry

[p1nkfish] 13/12/2013 10:21

L2 anyone? lol

May be last post from me here. If it does carry-on the CEO can't possibly hold his position, or can he?

Even now a form of words is being formulated to cover every possible outcome and enable all involved to salvage as much as possible if their best laid plans go astray........but I'm beginning to suspect this is a done deal.

Shame. History is littered with examples of armies, teams and companies all succumbing because their leader wasn't a winner.

Leadership matters.

[dorset64] 13/12/2013 10:15

6 pence in cash for each Mediwatch share held.


On 18th November 2013, the Board of Directors of Mediwatch and Laborie announced that they had reached agreement on the terms of a recommended acquisition of Mediwatch by Laborie to be effected via a Scheme under Part 26 of the Companies Act 2006.

The Independent Directors have concluded that whilst Mediwatch could continue to trade successfully as an independent entity......
========================================================

To Totally Banjo:

The 'independent directors' state that mediwatch CAN carry on even without T-Doc?

[totally banjo] 12/12/2013 21:38

Just for info.my bank sent me this today.....hopefully a letter or email to let me vote is on it's way too:


MEDIWATCH PLC - Important Information



Mediwatch PLC (Mediwatch) has announced the terms of a recommended acquisition by Laborie Medical Technologies Europe Limited (Laborie) for the entire issued and to be issued share capital of Mediwatch by way of a Scheme of Arrangement (Scheme) on the following basis:

6 pence in cash for each Mediwatch share held.


On 18th November 2013, the Board of Directors of Mediwatch and Laborie announced that they had reached agreement on the terms of a recommended acquisition of Mediwatch by Laborie to be effected via a Scheme under Part 26 of the Companies Act 2006.

The Independent Directors have concluded that whilst Mediwatch could continue to trade successfully as an independent entity, the Scheme provides the certainty of an immediate cash return of 6 pence per Mediwatch share, which represents a significant premium to both the current and recent closing prices.

The Scheme represents a premium of 45 percent to the highest Closing Price of 4.13 pence per Mediwatch share since 17th October 2013 up until 15th November 2013, this being the last Business Day prior to the commencement of the Offer period.

The terms of the Scheme value the fully diluted share capital of Mediwatch at approximately GBP8.48 million.

The Board of Mediwatch, having been so advised by share price Angel, considers the terms of the Scheme to be fair and reasonable.

The Scheme is subject to shareholder approval at a General Meeting and Court approval at a Court Meeting both to be held on 23rd December 2013. The Scheme will then be subject to Court sanctioning at a Court Hearing to be held on 22nd January 2014.

Subject to acquiring the necessary approval, the Scheme is expected to become effective on 27th January 2014.

Prior to the Scheme becoming effective, an application will be made to the London Stock Exchange for the cancellation of listing of the Mediwatch shares on the Alternative Investment Market (AIM). Subsequently, the cancellation of admission to trading is expected to become effective on 27th January 2014 with the last day in dealings expected to be 22nd January 2014.

The Scheme Proceeds are expected to be credited to your account on or after 10th February 2014. Should you retain your holding of Mediwatch shares, we will notify you when the cash has been credited to your account.

Should you wish to find more information about the Scheme, please visit the Mediwatch website, www.mediwatch.com/ .

[dorset64] 12/12/2013 14:49

troutisout 12 Dec'13 - 08:40 - 1323 of 1324 0 0

Don't agree at all, UK sales staff was a red herring pursued by you to stop decent conversation on a possible takeover (profitability in UK segment went up).
You tried your hardest to quash discussion on the IIs, the AGM and possible exit strategies and that probably meant that several here weren't aware of what might be happening and didn't react to that.

I think you are being very generous with calling yourself 'a little thick',

LOL!
---------------------------------------------------------------

You are clearly deluded if your replies to me on dumping their sales staff had anything to do with what other posters were discussing, and that I stopped investors from realising exit strategies etc, if you honestly believe that then you must be going mad son.

Why descend this board into even more petty arguments about nothing but the school girl paranoia that goes on in that head of yours, even after you posted days ago that you were never to post on these threads ever again.

[barrywhit] 12/12/2013 14:37

Afternoon All,

Do we think that all the sold shares are ending up in the "YES" camp???

[barrywhit] 12/12/2013 14:36

Afternoon All,

Do we think that all the sold shares are ending up in the "YES" camp???

[troutisout] 12/12/2013 08:40

Don't agree at all, UK sales staff was a red herring pursued by you to stop decent conversation on a possible takeover (profitability in UK segment went up).
You tried your hardest to quash discussion on the IIs, the AGM and possible exit strategies and that probably meant that several here weren't aware of what might be happening and didn't react to that.

I think you are being very generous with calling yourself 'a little thick',

LOL!

[dorset64] 11/12/2013 21:54

Trout, my point about being right was that I stated it was the wrong business model for MDW to be releasing experienced sales staff, in favour of taking on university graduates. You argued against me on that but in your latest posts, you then go on to state that the cost cutting (graduates instead of sales staff etc.) was unsustainable move & MDW would fail if they carried on.

That to me tells me that you now agree with my previous posts and they were correct.

One other point I don't really understand, and perhaps I'm being a little thick here but why are Lab paying in excess of £10m for MDW, when they have also now bought MDW's suppliers which, in turn they could had simply turned off the supply tap to MDW. If they had done this then MDW, along with it's share price would have drowned as with no supply, they would not be able to carry on with their business until a new supplier had been found.

So the question is, are there other suppliers out there that could have supplied MDW and, if so how long would the authorities/approvals taken to be back in business, whereas if the answer was no/not really feasible, then why didn't Lab simply wait until MDW was a true basket case and make an offer then, for what probably would had been 10-20% of the price they are now paying. So that must mean there are other areas in the business that are worth money of which would not be hamstrung by the T-Doc supply chain.

[totally banjo] 11/12/2013 00:58

Hmmmm, could we see Laborie pull out? Now that would set the cat amongst the pigeons!

[totally banjo] 10/12/2013 17:23

cheers Dorset64 and have a good Christmas.

[totally banjo] 10/12/2013 17:21

cheers trout but time will tell of course.

[dorset64] 10/12/2013 16:43

No offence at all TB, although we do hold varying views.

[stockologist] 10/12/2013 16:35

you can say that again

[troutisout] 10/12/2013 16:29

Banjo, Dorset makes out that he has been right all along, but look at these posts from 6 months ago, it shows what was being discussed at the time, I was very clear that I suspected the large holders wanted an exit and a takeover was likely to be that. I mention the prices and why those prices may be reached, as you can see I said that x would be 6p, if the share price didn't get supported and rise from the 2p-2.5p range it was stuck to. To me those posts were very clear, support the share price to get the best offer,

[troutisout] 10/12/2013 16:18

Banjo,

If there were then they would have surely come forward? Especially if MDW is undervalued.

Audax are paying £8.5m plus debts of £1.8m and expecting costs of between £1.5m and £1.7m for their offer for MDW, that is up to £12m.

On a forecast £300k ptp? That is a big premium.

There are very few companies in the urodynamic area, Laborie are the biggest, none of the big medical co's want to be in this area that is why MDT sold it to MDW for £1.7m (and that got reduced!).

Any company interested would have made a move by now, no-one has come forward.

A rejection of the offer would lead to large fall in the SP, the main holders want to get out and are not prepared to put more finance in, Mediwatch would not be able to raise funds and with Laborie's new trump card, the acquisition of T-Doc, who would put money into Mediwatch? With the predator owning the supplier of catheters for our equipment and no real alternative apart form going back to the old technology, who would want to use Mediwatch equipment, who is going to buy a new Mediwatch platform if they can't use the T-Doc air charged catheters?
So sales will fall, costs need to go up, exceptional costs from the offer of £300k, a debt of £1.8m which will need servicing and unsupportive instis and main holders (they know the consequences they will not hang around they will get out with what they can get) and finally a Board of Directors that also wanted an exit and I am sure won't suddenly favour running the Company again.

So I really don't see an alternative, to just say surely someone else must want MDW is naïve, we have been valued at £3.5m for the last couple of years and no-one else has come forward, the offer period was the time that another predator would come forward, they haven't.

PSAwatch has been very slow to roll out, it is certainly not yet in a position where it can offer the company a lifeline, in fact after any rejection of the offer, the sale of PSAwatch would probably be the only way to raise funds for the Company to continue.

DYOR,

You made light of my 'assumptions', I have spoken with two institutional holders and 4 other 1%+ holders, as well as many other large holders (0.5%+). All of them are happy to take the offer and move on, in fact a couple already have sold into the market. It may not be the offer they hoped for and they may not be happy with the price but they have enough info to know there is no alternative and therefore they want out.
It is still far better than the 2p-2.25p that the share has been bid for so long.

Trout.

[totally banjo] 10/12/2013 15:42

trout,sorry I got sidetracked there.

All I'm saying is that you have said (once the bid details were known) this was a done deal especially with the irrevocable understandings in place and I don't believe this to be the case and therefore from your comments deduced (rightly or wrongly) you are not sure now either.

Yes,you appear to be better informed than me but I can only go on what is in and has been in the public domain or the odd (not as in strange-lol)email to the company.With this being the case I accepted the lower share price as the company looked to be turning the corner (as a lot are) especially over the last year.

I'v averaged down from teens to 6.1p but never added much while the share price was this low (2-3p range),eggs in one basket ect ect ect.As said before I felt no need as we would soon be back up to the 10-15p range with PSAwatch making ground to assist in this move.

There must be other medical companies that don't want Laborie to take MDW out and hence why my vote is a NO vote.