Mid-states Share Discussion Threads

[alpha534u] 21/1/2011 11:10

one point from the TR can't see any mention of the US ...surely that is a market ...

waiting to be filled ??

they do have a dist. in Canada.... from the inov8 website.

[alpha534u] 21/1/2011 11:07

moved over to this thread as it has lots more links !!

off many peoples radar.... but the TR was good ........

they have sold nearly as many AD'S in the last 6 months as they have in the previous year .... but they have a route into Indian markets along with Spain ..more european countries to follow ....then the middle east...the figs though for orders looks like it can go to 3 ......4.... times in 2011 ...for those taken in 2010....

The six months to 31 December 2010 was a strong trading period for the business, with :

o 1,525 ADs ordered, almost equal to the 1,564 ordered in the whole of the previous financial

year;

The management have been focussed on India as a key market due to its size and the Company is pleased to announce the signature of an exclusive distribution agreement with ITS Mysore and a further order for 300 ADs was received in December. As part of this agreement, ITS Mysore is targeting to sell a minimum of 1,850 ADs in 2011.

-- The Company is also pleased to report good progress in Europe and that an exclusive distribution agreement has been signed in Spain with Oxidoc Exclusivas S.A. The agreement covers the hospital, ambulance, care home, pharmacy, dentist, office and veterinary sectors. As part of this agreement Oxidoc is targeting to sell a minimum of 1,500 ADs by the end of 2011.

-- The management are also focussed on penetrating different market segments across several countries in Europe, the Middle East, the Far East and North Africa. As a result the Company is working with several potential distributors and has received initial orders from a number of countries.

cash positive.....o the financial position remaining robust with GBP2.4 million in cash as at 31 December 2010.

in summary.....The AD has the potential to be sold into a number of market segments and the Company continues to develop variants of the AD, including a miniature version specifically designed for the retail market. As reported in December 2010 the Company has successfully concluded the initial testing on a prototype device and filed a patent in the UK.

Javier Segura, Managing Director of Mid-States PLC, commented: "This achievement is very pleasing because we have again met our internal sales target and it demonstrates sustainable growth as this is the sixth consecutive quarter of growth in order intake. We are very pleased with the distribution agreements in India and Spain, and we remain focussed on expanding the pool of distributors across multiple countries and segments."

worth buying a few ??? dyor imv.etc...

[alpha534u] 21/1/2011 10:32

one point from the TR can't see any mention of the US ...surely that is a market ...

waiting to be filled ??

[alpha534u] 21/1/2011 10:26

yes a bit of coverage...... with FLU deaths at a high .....

you would think that now would be a very good time to get the message across .....

this Product has the potential to do alot of good .....

no wonder they are selling lots !!!

this the link ......

[andrbea] 21/1/2011 10:01

what they need to do is get a broker or analyst push out a target price

[alpha534u] 21/1/2011 09:29

off many peoples radar.... but the TR was good ........

they have sold nearly as many AD'S in the last 6 months as they have in the previous year .... but they have a route into Indian markets along with Spain ..more european countries to follow ....then the middle east...the figs though for orders looks like it can go to 3 ......4.... times in 2011 ...for those taken in 2010....

The six months to 31 December 2010 was a strong trading period for the business, with :

o 1,525 ADs ordered, almost equal to the 1,564 ordered in the whole of the previous financial

year;

The management have been focussed on India as a key market due to its size and the Company is pleased to announce the signature of an exclusive distribution agreement with ITS Mysore and a further order for 300 ADs was received in December. As part of this agreement, ITS Mysore is targeting to sell a minimum of 1,850 ADs in 2011.

-- The Company is also pleased to report good progress in Europe and that an exclusive distribution agreement has been signed in Spain with Oxidoc Exclusivas S.A. The agreement covers the hospital, ambulance, care home, pharmacy, dentist, office and veterinary sectors. As part of this agreement Oxidoc is targeting to sell a minimum of 1,500 ADs by the end of 2011.

-- The management are also focussed on penetrating different market segments across several countries in Europe, the Middle East, the Far East and North Africa. As a result the Company is working with several potential distributors and has received initial orders from a number of countries.

cash positive.....o the financial position remaining robust with GBP2.4 million in cash as at 31 December 2010.

in summary.....The AD has the potential to be sold into a number of market segments and the Company continues to develop variants of the AD, including a miniature version specifically designed for the retail market. As reported in December 2010 the Company has successfully concluded the initial testing on a prototype device and filed a patent in the UK.

Javier Segura, Managing Director of Mid-States PLC, commented: "This achievement is very pleasing because we have again met our internal sales target and it demonstrates sustainable growth as this is the sixth consecutive quarter of growth in order intake. We are very pleased with the distribution agreements in India and Spain, and we remain focussed on expanding the pool of distributors across multiple countries and segments."

worth buying a few ??? dyor imv.etc...

[delboy99] 21/1/2011 09:24

gud start 3p next leg

[2magpies] 20/1/2011 17:04

Those big buys @2.5 are intriguiging

Director buys?

If so we'll get RNS soon.

[delboy99] 20/1/2011 16:11

some big buys bodes well

[shammytime] 20/1/2011 11:47

Absolutely right - on course for 3p very soon indeed :)

Bid ready to tick up..

[pre] 20/1/2011 11:47

indeed...another 1 million delayed buy....after that 1.2 million...

[2magpies] 20/1/2011 11:40

And another one -- 1.2million trade reported, @ 2.5

Someone's read the RNS, obviously.

[pre] 20/1/2011 11:39

goodness....another delayed 1.2 million buy and some big buys going through on plus too....

[2magpies] 20/1/2011 11:28

omg that's a couple of chunky buys (500k and 600k) gone through @ 2.5!

[shammytime] 20/1/2011 10:49

Right that's enough of the breather... :)

expect to see a further legup in next few moments - 3p offer just around the corner...

[shammytime] 20/1/2011 10:11

The RNS was extremely solid and shows vision for a change in direction for the company. I wouldn't be surprised to see the Middle East deal made official tomorrow. That alone will send the share price to 4p+

[delboy99] 20/1/2011 10:08

have a look at the india and spain forecasts alone in the update over 3000 ad's

[delboy99] 20/1/2011 10:08

have a look at the india and spain forecasts alone in the update over 3000 ad's

[shammytime] 20/1/2011 10:08

John, absolutely right. I'm sure MST have inflated their price as much as possible. Either way, it's fantastic news for the company and product

[shammytime] 20/1/2011 10:02

Middle East hospitals are not stupid - they would not pay extra for exclusivity. They know how big this solution is...

[2magpies] 20/1/2011 10:02

yes John, there were others (energy technique for one), but do look at the sales.

The other players in this sector would kill for such sales growth.

There is of course also the 'home-use' potential, not least for care workers. Also doctors' surgeries etc etc, nursing homes ...

[22hoper] 20/1/2011 09:58

Yes John but this one works and works well hence doubling of sales (see rns)