Sphere Medical Share Discussion Threads

[longshanks] 02/5/2017 07:28

Definitely a positive update re commercialisation though the elephant in the room is still the ridiculously weak balance sheet.This news is designed to improve the share price and I use the word "designed" deliberately. I think any lift we get will be muted by those anticipating involvement in the inevitable placing; forward selling against that expectation.

[timbo003] 02/5/2017 07:15

That sounds very positive, I predict a blue day today (for a change!)

[pugugly] 28/4/2017 14:20

No senior management purchases declared and share price moving back down - Still sitting on the side and waiting - Possible memories of LID ?

[longshanks] 25/4/2017 06:55

Historically the AGM has been at the end of April. However I note that there was no notice given with the published annual report this year.Clearly there is a fundraising or similar going on in the background to remove material uncertainties over the financial viability of the business for the next 12-24 months, and we will get a joint EGM/AGM in due course.Anyone know different?

[del44] 03/4/2017 21:41

Over 12,000 views so far.....:-)

[del44] 31/3/2017 22:07

Well that was a good week....mostly selling today but the price held.....
Am use to worse...:-)

[del44] 30/3/2017 08:43

I don't see any thing out of the ordinary except above the offer price....
It has happened to me....:-)
Has happened this morning as well, although the mms have now adjusted the prices...

[rickyvader] 30/3/2017 08:40

Bit of a recovery over the last week or so

[timbo003] 30/3/2017 08:24

Agreed, they do not look like ordinary retail purchases and too small for iis, so it could well be director buying. If it is, then about time too!

[cc2014] 29/3/2017 22:52

Pigs might fly. Or the two 109k trades are the CEO and FD and the others are the non-execs?

[longshanks] 29/3/2017 22:43

Three of them too: chairman, CEO and FD?

[cc2014] 29/3/2017 20:53

Congrats. Those buys are 7.375 near the close are especially encouraging

[del44] 29/3/2017 13:46

Good man....glad someone is...:-)

[longshanks] 29/3/2017 09:30

Yay...I am in profit!!Not too many SPHR holders that can say that so I will keep my enthusiasm muted....I don't quite buy the management rhetoric as it reeks of sweaty self-interest more than conviction.I think this will come good in the end but It appears to me that there is a need for much larger guns to be deployed for this is to gain serious sales traction.

[del44] 29/3/2017 08:18

I found it much more upbeat and certainly a lot more questions been asked then before...
SP just turned blue again....not often I post that.....:-)

[timbo003] 28/3/2017 20:31

Thanks CC

The video is up now too:


It sounds like they are beginning to make real progress on sales (at last!).

Also, I like the thought of moving the technology outside of the A&E departments.

[cc2014] 27/3/2017 19:21

This is how I see things. Figures for average income per hospital taken from sphere presentation last week (Also available on Sphere website in December final results). Sales volumes also taken from Sphere presentation for 2017. No figures available for 2018 so I have assumed double the takeup of year 1 which seems reasonable once the snowball starts rolling.

I have assumed most sales are to large teaching hospitals to start with and up until July there are no additional production costs as the facilities are already there and under-utilized. From October cost of sales is 35% of income as TD brokers note.

On top of all that I've assumed a £2m risk headroom which would give a cash requirement of £5m. Of course if the sales profile does turn out as modeled further loans would be easily attainable.

Since Woodford has already put in around £6m on his own, another £5m doesn't seem so much.

[timbo003] 27/3/2017 12:59

Me too CC

Unfortunately no one blows a whistle at the bottom, or rings a bell at the top (not that there ever was a "top" for Sphere) otherwise we would all be joining the idle rich!

[cc2014] 27/3/2017 12:51

Well someone believes. A nice 170k delayed buy and the bid moving up again today.

I hoping that's the bottom in now and this time the move up isn't based on short term speculators

[timbo003] 24/3/2017 14:28

Thanks CC


The shares are bit more perky today.

Director buying perhaps? That would be nice

[cc2014] 24/3/2017 11:04

Yeah - I have lots more to say but a bit busy right now. This is all I have time for until lunch. I've posted this elsewhere earlier today.

"In short I am persuaded that P4/P4+ is a killer product that will sell worldwide. The presentation also went on to discuss how their patented technology will be leveraged outside of the ICU which would expand our market way beyond the current P4/P4+/P5 market. I think none of this value is really understood by the market or in the price.

It's all down to timing. It's a balance of sales curve vs cash burn vs perception of success. Clearly the market's perception of success has been very different to mine and the timing of my investment so far has been too early.

PI's aren't interested in this sort of stock. It's clear they don't understand it and are more excited by oil and mining.

I think it's a bargain. I tried to buy another 100k this morning but the MM's wouldn't give me any for less than 6.0. I've already got 450k which is plenty. 550k would have been nice but I'm not greedy. I'm feeling good. If the price goes up I'm happy, if the price pulls back I'm happy too. A good place to be.


I have the presentation in my inbox now:

"Proxima currently addresses only a part of the health
care continuum
Patient monitoring also required in other parts of and
outside of the hospital
Sepsis, chronic diseases, wellbeing of elderly
Potential for broader applicability of Proxima sensor
platform
Explore product variants for other parts of the healthcare
continuum"

So, take the tech and the patents and transfer to new products for use inside and outside hospital inc. GP surgery and patients homes. Telehealth is one of the things the NHS talks about endlessly when it comes to cost savings

[longshanks] 24/3/2017 10:59

Did you make it last night?

[cc2014] 24/3/2017 09:37

Trending and scheduling now on the monitor.