*****This thread is setup mainly to gain information
relating to Mediwatch in a quick and easy way and IS IN NO WAY A
RECOMMENDATION TO BUY!********


Mediwatch-A Synopsis:
Mediwatch was established in 1996 and has developed a range of specialist
medical equipment for the diagnosis of urological disorders.The group joined the
AIM in 2000 through a reverse into Prostcare plc,which at the time was valued at
8m.While the vast majority of sales were generated in the UK,there was a
substantial indirect export business involving a number of agents,supplying into
Europe,North America,Australasia and Asia,notably Japan.
Group revenues are set to increase rapidly following the acquisition of the former
Medtronic Urodynamis Division,which has introduced a fundamental presence in
North America.The deal was in 2006 with the sales division building from 2007.
With the inclusion of the Medtronic systems now owned by Mediwatch they now
can offer a 'One Stop Shop' for the diagnosis of various urology disorders with the
benefit of Mediwatch systems having the ability to electronically send data from the
various tests to a central data base!Oh and plus the added bonus of PSAwatch and
now PCA3plus!

More than 30 million PSA tests are performed annually in the USA alone!

CHARTS

FUTURE EVENTS AND LATEST
NEWS

Just for the record and to even things up,this is Treblewide's view (near end
of 2008):

"in short 3p by chrimbo and a real chance if they do not get rid of management they
will go into receivership.....when they bough the MDT business I said at the time it
must have been a bag of shite as they only paid buttons for it.......looks like that was
fairly correct......i feel sorry for shareholders"

Treblewide has been filtered from my eyes for his abuse,lies and general behavior but
it's a free country (I think) so do as you see fit.


It started with:

Treblewide - 05 Jun 2007 15:49 - 33 of 1747
still short

Treblewide - 18 Jun 2007 00:24 - 69 of 1747
interesting stuff from that article...very few men die from prosate cancer and it is not an agressive disease....treatment can be worse than the disease.......kind of suggests their whole business model is based on sand to me.......but hey who wants a balanced view.

Treblewide - 18 Jun 2007 00:31 - 76 of 1754
exercise and sex may cause a raised PSA...so you guys may have stumbled on a test for fit shaggers :-)

I am gonna name Me-Di-Watch

Gonna-go-bust-soon-iwatch

Treblewide - 18 Jun 2007 10:59 - 85 of 1754
minder...i do not make light of prosate cancer....show me one post where I do...i make fun out of this company yes but not the disease so wind yer neck in pal.

show me any trace of a profit and i will maybe change my mind

Treblewide - 18 Jun 2007 15:54 - 97 of 1754
minder made a small loss yes which I have more than made up for shorting it........and i guess your average holding is 3p.....aye right.

Aalso I closed out my short at 8p for a loss of the spread if memory serves me correctly.

currently short from 13.25....i thank you and goodnight

Treblewide - 23 Jul 2007 12:36 - 154 of 1747
more of the same......thank god i still do not own shares in this lot...will they ever
make a penny profit....looks doubtful......cannot even manage a small supply chain.


ect ect ect

with the last few posts:

Treblewide - 30 Mar 2009 09:16 - 1704 of 1754
you are a lunatic mick.....words fail me.

and ps i only post under treblewide on any financial web site....i know you cannot say the same......you have been calling this as a buy and nothing but a buy for about 7 years...it says it all really about your stock picking ability

i notice the downtrend ins now establishing itself....re-visit of the lows again by the looks of things

Treblewide - 30 Mar 2009 22:41 - 1712 of 1754
mick no i dont know what each product does...i dont think that is important...the numbers tell everything and even though you must spend hours on web sites searching for stuff that is not even related to MDW you fail to grasp the basics...they consistently lost money and now seem to be making some...my call to 3p was correct and i think if they had not got their shit together they could have gone under

i was not interested in them as a long play while they were loosing money depsite whatever rubbish you posted regarding piss sticks or whatever you bang on about.

and yes it was poor trading..having an avergae of 12 and averaging down to 6-7p while they were at 3p....is terrible trading...that cannot even be debated...the very fact you know so much about the products means you have fallen in love with this company......which is very dangerous when investing....

the numbers are the important things...i was right on 3p, the company is posting slightly better figures but we are in a bear market which has not bottomed yet so the price will fall further

you are a 1 trick pony that posts irrelevant links...dont bother to respond i can be bothered getting into a debate with you.....away and cut and paste some more flags

toodlepip

**************************************************************

I have been chased from here and now ADVFN,has the boy got a problem?

treblewide - 3 Aug'09 - 14:46 - 22345 of 22412


post 22342 is classic.....so mick advfn is not a good source when the consensus is sell?

begs the question why you spend so much time polluting it with your bull tripe?

question....so MDW share price has gone up, it has gone down etc etc...during all of that time has mick ever been able to find any subjectivity in his posting ie has he ever critisised anything?

i really think he may be getting paid by MDW...the whole thing is very bizzare.

mick i notice you referred to your threads as "promotion of Mediwatch"

can you confirm if you are getting financially rewarded by the company for this?

treblewide - 3 Aug'09 - 23:55 - 22371 of 22412


664k overdrawn....takes a long time to pay back at 39k profit every 6 months.

drawn down overdraft has increased by 170k and they paid 33k to service that overdraft and made 39k profit...as i keep saying my local fish and chip shop make more money than this lot.

margins have been squeezed...psa watch now off the agenda in terms of updates....not 1 single reason to buy and yet you lot think this share price will go up??.....am mystified why it would increase? genuinely why is this comapny under valued?? i cannot see it and dont bang on about fairfax saying they are going to make x amount...they have never been near to getting it right

if i were a holder i would be selling now at 6p if i could and buying back in the 2-3p range which the chart is saying is now a certainty....i expecta full year loss

i told you all to sell at 14p and at 11p (it is all there in black and white) and that it was going to 3 pence..i got abuse mick called me an idiot and suggested it was going to 50p......still a sell and my short (which was posted in real time over the road) is nicely in profit.

toodle pip...will log back in when it gets to 3p....



treblewide - 4 Aug'09 - 00:19 - 22373 of 22412


664k overdrawn....takes a long time to pay back at 39k profit every 6 months.

drawn down overdraft has increased by 170k and they paid 33k to service that overdraft and made 39k profit...as i keep saying my local fish and chip shop make more money than this lot.

margins have been squeezed...psa watch now off the agenda in terms of updates....not 1 single reason to buy and yet you lot think this share price will go up??.....am mystified why it would increase? genuinely why is this comapny under valued?? i cannot see it and dont bang on about fairfax saying they are going to make x amount...they have never been near to getting it right

if i were a holder i would be selling now at 6p if i could and buying back in the 2-3p range which the chart is saying is now a certainty....i expecta full year loss

i told you all to sell at 14p and at 11p (it is all there in black and white) and that it was going to 3 pence..i got abuse mick called me an idiot and suggested it was going to 50p......still a sell and my short (which was posted in real time over the road) is nicely in profit.

toodle pip...will log back in when it gets to 3p....

treblewide - 4 Aug'09 - 10:49 - 22379 of 22412


still time to get out at 6p.....dont understand why you would not sell at 6p when they are obviously going to half in value...if you are a long term mdw bull you can buy twice as many shares at 3p and maybe possibly one day see a profit on your holding?



treblewide - 4 Aug'09 - 12:44 - 22381 of 22412


last chance to sell at 6p for your shares folks


treblewide - 4 Aug'09 - 14:48 - 22387 of 22412


so question...is psawatch is so great...why has there been no huge surge in revenue figures from UK and Europe on the back of it being sold?

the whole reason a lot of you hold this is psawatch...it has not made them any money in Europe which could be argued when taken as a whole is not much smaller than the USA.....this company is not going to change overnight with US approval...at bets it would be a selling opportunity for long term holders

i really think a lot of you have to ignore some of the nonsense ramping going on here...the company is draining cash and there margins are reducing (despite this wonder PSA machine they have for sale)

i really think the future looks bleak for mediwatch...if someone can put in concise terminology why MDW is a buy i am all ears....dont point me at fairfax report...they are a bunch of clowns as well...that interim report is shocking and i mean really poor.

costs out of control...margins squeezed, cash running out...no real revenue growth, does this sound like a growth company to you?

sell at 6p


treblewide - 4 Aug'09 - 15:50 - 22391 of 22412


god i have heard it all now...mick can you counter my points about declining margins and cash issues without nonsense posts about peopel having insider information...what a crock and what a clown.

so just so i have this straight in my head...when you put in effort to ramp these shares it is all great and you expect cuddles? (and if anyone disagrees you throw your toys out the pram liek an old woman)

when i put up a few posts to explain why i am short it is an organised attempt to get the share price down because i have insider inforamtion from the US?

were you the Iraqi information minister in a previous role? lol


treblewide - 5 Aug'09 - 19:24 - 22409 of 22412


lol.....shares getting sold today at 5.75.....next stop 3p...

treblewide - 4 Aug'09 - 12:44 - 22381 of 22408 edit


last chance to sell at 6p for your shares folks




treblewide - 5 Aug'09 - 19:29 - 22410 of 22412


i wonder what thier overdraft is limited to....1M?

if so they have 12 months of life left at current perfomance...how many of you hlders have considered the chances of them going bust?....i would not rule it out...would love to know how much further the banks will let them go into debt before they pull the plug

treblewide - 5 Aug'09 - 19:37 - 22411 of 22412


seriously if i were a holder i would look at the interims and ask how much longer can they go on burning cash.......and with all the averaging down the bulls have done over the years i bet some are more exposed than they should be....good luck...think you might need it




ANYWAY

http://mediwatch.blogspot.com/

Date: Monday, 26 January 2009

Mediwatch Plc

Preliminary Results for the year ended 31 October 2008

Highlights

Financial

A significant increase in profits for the year:

Record revenues reported for the year increasing by 64% to 9.33m (2007: 5.68m)

What a GREAT set of results, Revenues up 64%, Profits up and a full year profit of over 400k, Cash inflows of over 800k, Bank financing in place and plenty of growth drivers going forward. Well done Mediwatch!!!!!!

Morning Minder,

A solid foundation to build on through 2009,great news.

Far too many highlights but here's a few:

Mediwatch Biomedical

In March 2007, Mediwatch filed a patent for an innovative, new technology - Lateral flow assay and apparatus. We have called this technology 'Zero Flow'. We believe that Zero Flow (patent pending) has exciting possibilities for diagnostics in the fields of both genomic and proteomic science. Early in January 2009 a senior molecular research scientist, Dr. Marcus Harrison, joined our staff to underpin the development of new tests with molecular markers and to assist in developing the Zero Flow (patent pending) technology platform. We are genuinely excited about the future possibilities this may hold for Mediwatch.


Urodynamics

A comprehensive, comparative assessment of clinical Urodynamic systems was performed independently for the NHS Purchasing and Supply Agency. We are proud to report that this study found Mediwatch's Urodynamic systems superior to those from competing manufactures (Laborie, LifeTech, MMS, Andromeda and Albyn). Mediwatch was the only manufacturer to receive a 'Very Good' rating with five stars for its products.

Ultrasound

Japanese regulatory approval was received in December 2008 for the Portascan+ system, and this is a brand new market for this product.


Assisted Living Facilities

The Assisted Living Facility market is a large market that has been identified in the USA which requires urological diagnostics. Recent legislation outlines how patients should be cared for, particularly those suffering with incontinence. We have hired a specialist to design a programme that will help us break into this lucrative market during 2009.

Preliminary Results for the year ended 31 October 2008-Issued 26 January 2009

nothing more than solid results....profit in second half actually shows a decline from first hlaf...there are some positives but borrowings have gone up.

still would not be a buyer of these but i am sure the great and good from the MDW gang will be celebrating now the share proce is only down 50% this year

Your still filtered,now crawl back under your stone please.

well done on the filter Mick...u should be proud

Not a bad day,all in all.

I like this bit:

I am also very pleased that in October 2008 we achieved our first month with over GBP1million of revenue.(OMER KARIM)

Another very nice update on the MDW website under 'Sales/Customers' and under 'Support/Services'

Prostate screening offer closes after huge demand
SARAH BREALEY

26 January 2009 17:39


"A charity which was offering free prostate cancer screening in Norwich has been overwhelmed with men wanting to sign up.

On Saturday the EDP reported that the Norfolk and Waveney Prostate Cancer Support Group and the Graham Fulford Trust were offering free PSA screening to men over 45 at a meeting on March 5. They had capacity for 200 tests, but after the EDP article they have been inundated with requests. More than 600 men or their relatives have rung the group, and registration has now closed. They are asking people not to get in touch as they have been overwhelmed by calls.

Ray Cossey, chairman of the Norfolk group, said: The phones started ringing at 7am and were ringing until midnight. We could have filled the sessions three times over.

It proves to us beyond a shadow of a doubt that there is a need for PSA screening on the NHS. A great number of the calls we have had have been from men whose doctors have refused them a PSA test - in some cases even when they had a family history of prostate cancer, which is really not on.

There is no prostate cancer screening on the NHS, because the test is not always reliable and because prostate cancer can develop slowly without ever causing problems. Men can ask their GPs for a PSA test if they have concerns, but it is up to the doctor whether to provide one, and sometimes it is more appropriate to do a manual examination first."-errrrr when?

http://new.edp24.co.uk/content/news/storyrss.aspx?brand=EDPOnline&category=News&tBrand=EDPOnline&tCategory=News&itemid=NOED26%20Jan%202009%2017%3A27%3A13%3A930

It proves to us beyond a shadow of a doubt that there is a need for PSA screening on the NHS."

I don't agree with the above comments mainly for three reasons:

1. The PSA test is not a test for prostate cancer as such but what it does offer is a very good test if interpreted correctly on the chances of prostate cancer and what steps to take next and also needs to be carried out along with a DRE and cross referenced.

2.The PSA test needs in my opinion to be carried out on a one to one basis with a GP or nurse so all worries a patient has can be discussed,a screening program would prove too expensive to give this important part,or would it?

3.The main issue in my opinion is to get the message out via public awareness campaigns which over the last few years has gained momentum and also don't put obstacles in the way in getting a PSA test once all the issues have been discussed with their GP.

"in short 3p by chrimbo and a real chance if they do not get rid of management they will go into receivership.....when they bough the MDT business I said at the time it must have been a bag of shite as they only paid buttons for it.......looks like that was fairly correct......i feel sorry for shareholders"



this was posted when the share price was 10p...............

end of....

bye bye ......keep trying to con people to but your share...after all this is what your thred is all about....looser

It's no good turning up at this time of night,for two reasons:

1. I can't imagine you have said anything worth commenting on!

2. Your filtered for being stupid!

Hope that's clear......................

I see you edited your original stupid post over on ADFN:

"treblewide - 26 Jan'09 - 12:45 - 19891 of 19936

edit...gonna read the results propoerly and give the bear view......but first impressions are the results aint that great to be hoonest"

Another one for the header?

treblewide,
You said that after the Interims and the price was 6p not 10p, not that great a call, but I am sure some took advantage of it when the price dropped. Afterall your reasoning was completely wrong and with the state of the markets I think MDW has done quite well.
These results back that up and show these are undervalued at these levels, afterall you priced them as bankrupt at not much lower than this,they aren't they are making money and cashflow positive and expanding sales and profits.

Good to see some interest forming.

I find this quite interesting regarding these training courses,firstly as it's just for the UK market and most importantly it's "designed to provide information to service engineers allowing them effectively to repair the Mediwatch range of Urodynamics and Ultrasound equipment up to board level."

There are five two day courses announced which on face value means that there is already or there is going to be a demand for said 'engineers' now or in the future,imo.

Service Course Information

Duet Family and Urodyn 1000, Portaflow, Multiscan and Portascan +. This two day training course is designed to provide information to service engineers allowing them effectively to repair the Mediwatch range of Urodynamics and Ultrasound equipment up to board level. Knowledge will be gained regarding servicing and calibration of the Duet and Sensic Family of systems, hardware identification, configuration and basic software operation. The courses includes hands on operation and repair/troubleshooting of Duet, Urodyn 1000 and Ultrasound systems to basic board level, enabling the service and support staff to provide the best service for their customers. The course is designed primarily for service engineers who are responsible for the repair and configuration of the Mediwatch range of products and who have little or no previous experience with these systems.

(Course content may be subject to change as new products are introduced.) -I like that bit :-)

For those that don't know the up to 'board level' just means the 'engineer' will trace faults up to a circuit board or to a 'black box' level and will replace that part rather than indepth fault finding of electronic components......just thought I'd add that bit-lol

MDW ran global training courses for distributors during the whole of 2008,just for info..

http://www.mediwatch.com/images/pdf/Service_Training_Course.pdf

I'll C&P what I posted over on the dark side as I believe it to be of merit! imo

"What also caught my eye (ouch!) within the results was the geographical analysis of MDW's revenue compared to last years.

UK up 58%

USA up 19%

Continental Europe up 50%

Rest of the World up 52%

Total up 39%

Year ended 31 October 2008 000 Year ended 31 October 2007 000
United Kingdom 1,867 777
United States of America 3,911 3,162
Continental Europe 2,203 1,092
Rest of the world 1,346 653

Total 9,327 5,684

(please forgive format)

the above figures show that the USA is obviously the biggest single revenue generator but has only gained 19% compared to last year,so why is that?

From July's Interims:

US Office

"The Company has made some operational improvements in the US division. A clinical group has been established including a VP of Clinical Services along with a Clinical Services Manager. This team will bring a high level of expertise and many years of experience in Urodynamics to the Group and will begin offering Urodynamic clinics to customers, provide clinical assistance to customers and upgrade the delivery service of capital equipment.

The US Division is in the process of reorganising the sales team. This change was brought on by the retirement of the existing VP of Sales Dan Parker. The company would like to thank Mr. Parker for his contributions to the business. The new VP of Sales and Marketing for the US division is Mr. Rick Hogan. Rick is a graduate of St. Joseph's University and attended graduate courses at Villanova University. He is a proven leader with 20 years domestic and international experience building businesses in the life science and medical device industries. Rick has marketed medical technology throughout the entire continuum of care. Recent leadership assignments include: Vice President Sales and Marketing & Acting CEO, Diagnostic Test Group; General Manager, Orex Imaging; General Manager, Kinetic Concepts and Eastern Zone Manager, Becton Dickinson (BD), Point of Care Division.

The appointment of Rick Hogan will be of great benefit to the company in growing the business in the biomedical diagnostics area of products where the company sees a great opportunity for expansion.

The new Portable Urodynamic equipment has been distributed to the sales team for demonstration and sales purposes. This equipment will allow the team to carry their demonstration equipment rather than shipping the larger units. This will significantly increase the number of demonstrations the team will be able to perform and significantly reduce the cost of conducting demonstrations. The company feels that there is significant demand for a smaller portable unit and this product will fill this gap in our product lines."



My view is that the USA division although still doing very well with a 19% increase were not up to full speed,as it were and this has been seen in the H2 for 2008 which covers up to 31st October 2008 (obv.)

The fact that all other regions have increased revenues by 50% or more is very good news and bodes well for 2009 H1 for all and the USA in particular! imo.

In my view what we will see through 2009 is the USA playing catch-up as far as sales are concerned and this is why MDW have emphasised the USA events that they will be exhibiting at during this year! MDW mean business this year,mark my words............lol,sorry for sounding dramatic there and just my opinion at end of day."

and:

Sorry again but the results just get me wanting to type-lol


"Urodynamics

A comprehensive, comparative assessment of clinical Urodynamic systems was performed independently for the NHS Purchasing and Supply Agency. We are proud to report that this study found Mediwatchs Urodynamic systems superior to those from competing manufactures (Laborie, LifeTech, MMS, Andromeda and Albyn). Mediwatch was the only manufacturer to receive a Very Good rating with five stars for its products."

"This year has seen three new systems introduced through substantial redesign and redevelopment of existing technology acquired from Medtronic. These new systems, the Portable Urodynamic system, Clinic Laptop and Clinic with Panel PC, have been well received world wide and are helping to improve sales. Our research and development program is continuing to develop new, inexpensive and state-of-the-art Urodynamic systems with innovative software. These new products will allow Mediwatch to maintain this leading position in the Urodynamics market."


"Japanese regulatory approval was received in December 2008 for the Portascan+ system, and this is a brand new market for this product. Research and development projects are continuing which will provide Mediwatch with two new ultrasound systems in the near future."

"Mediwatch's PSAwatch test, coupled with PCA3PlusTM will help clinicians determine which men should undergo a follow-up biopsy. Effective and accurate, initial diagnosis will save thousands of patients annually from the need for painful, expensive and often unnecessary biopsies. The worldwide demand for tests associated with prostate cancer is estimated to be in excess of 150 million."

"Assisted Living Facilities

The Assisted Living Facility market is a large market that has been identified in the USA which requires urological diagnostics. Recent legislation outlines how patients should be cared for, particularly those suffering with incontinence. We have hired a specialist to design a programme that will help us break into this lucrative market during 2009."

"Sales and Marketing

In the UK we have developed a direct sales team to take advantage of more profitable margins and foster direct relationships with the end users for a clearer understanding of the markets future needs. The USA sales and marketing team is being enlarged to match the demands of the worlds biggest market particularly in the new areas identified. The numerous opportunities referred to above will enable Mediwatch to become a full service provider in hospitals, private clinics and doctors offices by offering diagnostic equipment, disposables, tests and pathology services thus increasing its product offering. This can only have a positive impact on the Groups trading performance, particularly in the current financial climate."

It goes on and on-lol


I think I've finished now................

The popular 'News from around the World' slot will have to wait until tomorrow/tonight :-)