*****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/

mick when you can tell the differnece beyween blue and red you step up to the plate my friend

I'm colour blind!

Edit,well not really................what are you on about?

:-)

Treble,

A quick lesson in accountancy.

A loss on the P&L, goes to P&L reserves as a debit on the bottom half of the balance sheet.

MDW has a rather large debit on reserves of nearly 13 million, yet still have net assets of over 3 million, although over 2.1 mill of that is intangible which personally I tend to class as worthless but each to their own.

Which means they have tangible net assets of around 800k which is net of 353k of debt (See note 3 in accounts)

Which is not great if they continue to post huge losses, but as we've seen in the past MDW are not immune from issuing capital to subsidise losses.

If they do turn a profit or at least breakeven, then they have circa 13m of tax free profits to look forward to in the future.

(edit, just to clear up, losses don't have to be paid back, they have already been funded through share issues etc, hence the net assets, not liabilities.
Debt does have to be paid back, but there is only 353k of that.)

Well explained,Andy and cheers.

Thanks Andy....the key part of your post is their ability to turn a profit...that is my biggest argument.....I just cannot see it and there in lies the probelm with the stock

Afternoon Treble,
As the last set of results only included data up to April of this year which was a time of setting up distribution networks then profits/sales would obviously be on the low side.The real data will arrive in the next set of results or even maybe a trading up-date with a big positive change in profits/sales seen during 2008-imo

I love the way you boys talk.

Keep on doing it as it keeps my spirits up, if not my pocket.


I would just like to see a positive eps.

Mick......another one to add to the list of excuses.....they bought a business from MDT with distribution agreements so it should not have materially affected the results.....you could argue that it gives them a wider network to sell the existing MDW products but since they could not shift then for years working solely on them then cannot see much change there....still getting further away from a profit...losses are increasing

lol,if you say so,Treble.
Your in a very advantageous position with your negative slant as you well know and until the next set of results or a trading statement I can only assume profits/sales have increased and as I'm in for the long term I'm happy to wait.
Good luck with your short term trading and lets hope we all win in the end.

This is quite an interesting article as it shows the benifits of POCT in relation to the PSA testing and highlights the benifits to the Urologist/GP along with sensibly pointing out the problems if such testing was available over the counter!

The article also highlights MDW's PSAwatch,which is nice :-)


Recently a POC PSA test was described that measures levels between 0.5 and 25 g/l. (Karim O et al. [2007] Prostate Cancer and Prostatic Dis [doi: 10.1038/sj.pcan.4500962]).

"The technology to provide POC testing for almost any laboratory test will soon be available. The benefits to urologists are so clear that POC testing for PSA is likely to become widespread."

http://npg.nature.com/ncpuro/journal/v4/n8/full/ncpuro0878.html

Of interest but nothing new:


Click to Play

Directors buy yesterday appears to be sparking a bit of interest.

no cash to pay wages so directors taking shares instead.....it does a couple of things....keeps some losses off of bottom line......and ensures another cash call soon

so net loss would have been about 1.2M if directors had taken their wages in previous 6 months............would be amazed if this gets turned around soon

Evening Treble,
If you say so but prepare to be amazed :-)

treble,
You are scaremongering again, these loans were all in the last Interims as a one off cost, so have appeared in the accounts as a cost, so the loss is as reported then.
I don't think they will need a cashcall now, or in the future, profitability will come first.
I agree with mick, prepare to be amazed!

Evening Minder,
Pay no attention to Treble as he just picks out the bad bits of any statement and chooses to ignore the positive parts.
The only way the SP is going to break out of the teen barrier is if MDW release a trading up-date otherwise the SP is stuck in this channel for the present time.

Again Treble, you really need to learn some basic accountancy.

As Minder correctly states, these costs were contained in the last interims.

How you pay out a cost does not affect the P&L charge, just whether or not the otherside of the double entry gets posted from Cash or in this case Share Capital/Premium.

What I found exceptionally positive about this last announcement was that the former FD who left the company quite a while ago, was happy to accept payment in shares.

If I'd left a company that I thought was going down the pan, I would want any debts paying to me in hard cash, I would not be accepting shares as payment unless I thought the future of the company was very positive.

Cheers Andy and a very good point regarding the former FD.

At last some good news taken from the MDW website:


ICS attendance
Mediwatch attends successful conference in Rotterdam

Mediwatch UK Limited

Attendance at International Continence Society event, Rotterdam, 21- 24 August 2007


Attendance was good with around 2500 clinicians, especially considering it was held in the middle of the European summer vacation period.

The Company obtained multiple promising leads from attendees. As the first urodynamic company to introduce the concept of ultrasound to their customers, it is particularly pleasing to note that enquiries were split approximately 50:50 between our ultrasound and urodynamics products. The geographical spread of leads reflected our worldwide dealer network with leads from the Middle East, East Asia, continental Europe, USA, Ireland and the UK being passed onto the relevant dealers.

Our dealer network was particularly excited about the new products we have in the pipeline which will enable them to offer solutions to the ever changing challenges facing our end users. Mediwatch is continuing to grow rapidly, we are regaining market share and will dominate with our industry leading products.