The engines have fired up at last for MDX. ( BPRG ) At long last they are being recognised for the force they will become over the next two years. On the cusp of disclosing huge revenue-earning deals with Global pharmacists. These have been hinted at as being unrolled before the years end, but may be in the next days.You still have time to get in at a bargain-basement price before the SP takes off for real shortly.

Maybe all the 6250's that have been going through lately are Credit Agricole dumping.

Only another 8,227,394 to go but some of them probably went today.

Hmmmn, could take a while then..........

Article in Daily Mail today may in a small way partialy explain Credit Agricole bail out.

what does it say?

The article is to do with Credit Agricole leading a "French solution" rescue package for Societe Generale amid foreign interest in SG.

They were bailing out a long time before SG found out abouts its troubles .... so that article is full of crap.

Is that based on all the 6250's

No ... think if you read the announcements it says somewhere .

Credit Agricole Cheuvreux SA increased their holding to 8,510,198 (4.25%) on 25 Jan.

Almost a month has passed and still no news from the committee on the possible bid?

I expect Dir are looking at the range of wheelbarrows to take the money down to the bank . . . expect very large numbers, if the PI excitement is anything to go by.
I don't hold now.

Hangon why, dont you think the takeover will happen?

I think I would depend on price, anything below 150p would less than its value.

Halifax: - I didn't say that, did I?
but would you pay 1++ for this business?
What's their Cash/Debt position?
What's their Turnover?
What's their profit?
What's the yield?
(Yes, I know the last one, =zero)
Earlier shareholders have suffered dilution (esp. recently I understand), yet still this stock appears to defy logic IMHO - just follow the chatter and the Company's RNS
is curiously upbeat whilst saying nothing useful. Nothing Illegal I hasten to add.

Halifax - are you a Buyer at these levels - I guess that ans. tell it all-?
Fred1new - 1.50 is a significant figure - any bidder needs to value MDX at something in excess of the 300m Mkt. Cap - say 400m - grief, look at the alternatives! It is abt 4x [OXB currently 99m, with nearly 40m Cash.] and twice WLW - which is yielding about 12% - I hold a few of both these, (but not MDX....I held BPRG, their name until recent acquisitions). .. . . DYOR
What kind of prospects would make anyone with deep pockets buy MDX?

Hangon so your answer is no bid.

I am prepared to wait the prelims on 21/4/08, from projections will expect price well in excess of 100p, but this company has been the target of shorters numerous time before.

I still think 120p tops and more likely to be in the 90p - 100p range if the bid materialises.

So after waiting patiently for the committee to make up its mind we learn that an offer has been rejected as inadequate. Shareholders are none the wiser as to who may have made an offer nor do we know the value of said offer. Again we are being treated like mushrooms. Doesnt it remind you of BPRG?

Halifax,

You make a good point but as it was not a formal offer it is my understanding that they cannot publish the details of the offer. Suggest holders watch price and volume activity over next few weeks. That will be more of an indication as to where this saga is going to end. The close today suggests the mkt is looking for/expecting a better and formal offer......but who knows.

Final point I think the company is behaving very unlike the bad days of BPRG, they appointed an outside advisor to look at offers, and options. Seems to be OK. Lets wait and see, no harm really after all this time. It could be that they will actually make a trading profit this year!

Does anybody know what is going on with Meldex today?? I'm new to the stock but it seems very interesting.......