AGM today and starting to tick up.



http://www.mediwatch.com/

The market fell horribly today,but I think that the 8p resistance will hold.Keep the faith.This is a GOOD company.

Topped up with 50k at 8.35p,dont think we will get them cheaper than that.

Good move John, it's pushing it to hang on for sub 8p again as some people are.

Roll on some news....

....and a massive increase in price of course lol!

Down below 8p on no volume. Looks like market makers aiming to either attract some buying or even encourage selling by dropping thru support. The chart is beginning to look pretty sad. Lets hope for some good news soon as without news the price will continue to drift

Should have waited.

Hindsight's a wonderful thing - though the massive consolation is that when we get the news flow coming through, Mediwatch will be soaring so high that a few pennies on the share price here and there will be insignificant.

The board have previously said that when all their plans come to fruition that we should expect a share price of 1+.

Mediwatch will be more than a 10 bagger, there are 3 major news items which we know are going to appear (we just don't know when) and each one will bump up the share price by a significant amount. Previously after FDA approval in the US the sp was taken to above 14p in anticipation of an "imminent" distribution deal announcement. As we know now this has been held up for over a year, legal issues were done and dusted by the end of 2004, so we must be getting very close to an announcement by now.

I believe the news will come in this order (all will happen in 2005 and could be next week for all we know):

Major Japanese contract (could well be announced during this month).

SDA Approval to sell into China and Hong Kong (oddly enough the distribution deal has already been sorted for this several months ago - I assume that Mediwatch haven't got the hang of the bribing system in China yet lol!).

US Distribution Deal - Mediwatch themselves have said that this will be a massive deal for such a small company as theirs and is sure to have a very significant effect on the share price.

Yes overgrowth i agree.

Will they have to issue new shares to cope with a big deal?A new issue is so often announced very quickly after good news,diluting the sp and confusing potential buyers.
Of course,if they try a new issue BEFORE news would we all rush to buy,anyway???Difficult when a small company has to find a lot of cash for expansion.
ETHEL

ethel - tricky to tell as it all depends on the volume and frequency of sales going through the other markets. MDW are now turning some nice profits from the UK sales force and also in Europe and Canada from CR Bard. We're on the verge of a big deal extension from GE in Japan, so it's a fine balance keeping the cashflow going, capital to manufacture all the new equipment required and paying the staff to make it happen.

The US deal will be huge and if sales take off rapidly as expected MDW are going to need to produce a lot of products to cater for the demand.

I believe that this is why the distribution deal is taking so long to forge out. I suspect that it will be a manufacturing and distribution agreement with a US company which will enable MDW to keep a large "tab" and not have to go back to the market for more cash to keep up the stock levels.

the 250,000 mediem term loan would help with that.

Hi, anyone got any news on this share, it's been very quiet lately. Been holding the shares for a while but the patience is running very thin. Is it time to move on ?

patients is needed with this one im afraid...hopefully the interims in may will tell us where we are...still waiting for the expected us deal and approval to sell there systems in china and hongkong,if you are getting itchy feet i suggest waiting till may.

Hang on in there guys,

Chinese SDA approval can take up to 12 months - 6 months is average which puts is approx. where we are right now!

The US distribution deal should be sorted within 6 months after the resolution of legal problems - which puts us at about June.

There is still a large order suspected coming in from Japan (any time now) and lots more news to come on new product developments.

If you've been holding a long time - now's definitely not the right time to get bored and sell out - as sure as eggs is eggs as soon as you do, up pops the RNS flow and mystified you watch the share price zoom to the mid. teens...

Petralva, Overgrowth,

Thanks for the comments, probably just needed to hear the voices of other holders. I'm positive about the company & I'm always behind any company who can reduce the risk of cancer. I've been holding for a while & felt hard done by after letting a 3K profit disappear. In the past I would have snapped up that amount of profit but I'll stay in for the long run, hoping my portfolio will look better in the second half of the year !!!

Are the interims in May considering the last report in February. I thought the reporting period was every 6 months or am I missing something ?

Thanks again.

pumben,

Glad to help.

Interims were on the 20th of January:

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=939590&source=RNS

Prelims. will be early July.

There is normally 2-3 months time lag between the accounting period close and the publication of results.

Interesting article in today's Times about a medical development on trial in a London hospital measuring patients fluid levels after operations. Dramatic improvements in recovery times and saved the hospital over 1 million in overheads expected to save the NHS 1 billion a year if rolled out nationwide. This sounds very much like Mediwatch tech. anyone heard the same news--any announcements in the offing do you think??? fingers crossed.

there was a trading statement on the 27th may last year......so perhaps an update then.

maybe a deal or two to announce? here's hoping-- this share is only for the patient but could be a rocket when it finally gets going.

Overgrowth - how are we for cash?

Moneyplus, could the article be DELTEX MEDICAL (DEMG)? They have something called CardioQ. SP took a bashing recently as announcements dried up and delays expected. I sold out at 22p, had a bad feeling short-term and now it is 14.5p.
Do you still have the article as now would be a great time to get back in.
On MDW, I am sticking by this, same thing, we need some good news soon.