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.

I wish I had some cash. I would buy some more at present price. If you look at present results and projected results, I still think it will be more than 120p within 12 mths. I think they will avoid a cash call.

I jumped on board earlier and am already sitting on a profit.

Take the profit now b4 it's too late!

No. Fundamentals fine, growth fine, sales increasing, sp drop is a total con and I am sure that my investment was procured towards the bottom end of an over-reactive market drop. I am looking forward to sp returning back to normal in the next few days, and as its a proper cash paid investment with no stop losses attached, I am in total control of its trading and so therefore will not be ripped off. I am under no pressure timewise so can relax and wait to sell when it suits me.

Good on you mate, that's the way to do it!! I also got in at 48 today but 64 2 weeks ago!!!

can't win them all

So the CEO of MDX wants to take on IFRS ... tomorrow the world! Perhaps he protesteth too much!!

lol

LONDON (Thomson Financial) - Meldex International Plc, the specialist pharmaceuticals company, hit its full year sales targets on a pro forma basis but under IFRS accounting standards, dubbed by the CEO as 'nonsense', it missed its forecasts significantly.

Another interesting "profit v cash" scenario. First glance looks OK, but cash outflow 6M from operations suggests to me that Dil is right when he questions availablity of funds. At that rate, overdraft facility 2.7m + cash in hand 2M end of December will be exhausted over next few months if growth rate maintained into 2008.

Thats probably the reason for the "strategic review" ... do we flog it on the cheap or try to raise more money.

DYOR
I understand they borrowed a lot of money and issued shares during 2007 ( maybe earlier) to expand the operation.
I don't like "buying turnover" - being an expensive operation which lines Exec pockets as well as hangers-on ( who fix the deals). Issuing shares created dilution - so bad for long-term holders.
+ There is still an on-going "bid process" but whilst this has been very good at boosting sp, it gives shareholders very little of lasting value. Talk of a takeover at something above 1 looks a bit unlikely with the Market reaction today - that's almost 25% off!
Do we believe these figures? Let's hope this is as it is, so no revisions hopefully.
I don't hold this stock.

With a CEO who describes IFRS accounting rules as "nonesense" who knows what creativity they've been up to with the figures.

What does the CEO think analysts estimates are based on .... IFRS accounting results or his proforma cr*p ???

The guys an idiot imo.

And where's tabasco today ?

Dil, you really shouldn't be so angry and disparaging.RT thinks the world of you.

:-)

Aint it quiet! I tried to buy some CFDs on MDX a little earlier through Barclays, but was refused as they has suspended trading on advice from brokers.

I think, that shorters jumped on this share yesterday, and from published b/s think some are now buying back.

Can anyone tell me from Level 2 the balance of B/Sells today and/or the amount of stock out on loan?

The other intpretation is unndeclosed dumping by an institution.


Dil, don't worry I am looking at this share to pay for my funeral. I am sure it will be a big one.

sp at all time low, what's going on?

Fred , there are easier ways and less stressful than this :-)

Have a look at Abcam (ABC).

Halifax , all time low was about 25p ... til they changed their name.

Let see if I read this right;
Bloke No. 1 gets put in charge of Company X;
Rich bloke from City bods says, Your shares are 50p on the open market but its a decent company , that with more investment, will make me a few bob in 5 years time, so Ill give you 95p a share for the lot
Sod off says bloke No. 1, I want at least 125p a share.. and so off they go on their separate ways.
Big existing shareholder says ooeerrrr, were up Thingy Creek. We were banking on that rich bloke taking these over, but, as we need the money to fix our other cock-ups, wed better dump a few million shares onto the market
Bloke No. 1 makes himself an excel spreadsheet to show to any other potential buyers that the company really is worth loads. The IFRS checks his figures and graphs, and say Now come on, thats not strictly how we value a company
And you can sod off as well says bloke No.1 Ive got my own spreadsheet, and Im always right
Over at the local winebar, Mr. IFRS and the Rich bloke from the City make a few phone calls, and get their friends to make life a little unpleasant for Bloke No.1 (and his ego) by driving down the share price to a point where it cant be used to raise the necessary investment to get Company X to the promised land, where revenues are greater than expenditure
.and, not too far into the future, Rich bloke barges into Bloke No. 1s office and bellows, Ill give you half what I offered last month, and some magic beans, for your company, you stupid little toe-rag .. and another ego learns how the City always gets what it wants, trampling all over PIs investments in the process.

lol