GOOD AFTERNOON CHAPS, ANYONE HEARD OF MELDEX?? WERE THEY FORMALLY KNOWN AS A DIFFERENT COMPANY??

YOUR HELP WOULD GO A LONG WAY!

THANKS

Have a look at the deals and projections for MELDEX (MDX) (Previously Bioprogress)

I not sure if I am in cloud cuckoo land or not, but think the SP should be about 90+ p.

What am I missing?

Look at BPRG's track record.

I was a spotty youth once, but changed.
























Now I am a spotty old man.


Point taken, but deals under the belt, projections and potential lead me to hold longterm.

This may summarise situation, but it is a long wait. My guess is if I sell the Bs. will go up the next day.

Meldex chief backs up his boasts with shares investment
PERRY GOURLEY

FEW could accuse Richard Trevillion of downplaying progress and prospects at pharmaceutical group Meldex.

The chief executive last week described the first half of the year as "tremendous" and went on to predict "continued transformational growth".

His comments came as the firm, formerly known as Bioprogress, reported sales had more than doubled and that the company had swung to a 760,000 operating profit from a 592,000 loss the previous year.

Despite his bullish assessment shares in the group failed to rise much above the year-low of 41p hit in August.

Three directors, including Trevillion, followed up the results by purchasing 100,000 shares between them.

The chief executive bought his maiden stake of 60,000 shares at 47.8p and colleagues Hiral Patel and Steve Martin bought 21,500 and 18,500 respectively at the same price.

Richard Stillwell, a non- executive director of Fiberweb, which manufactures fibre products for nappies, has almost doubled his stake in the firm.

He purchased 5,000 shares at 79.95p each and now holds 11,000.

Stefan Barden, chief executive of Northern Foods, has significantly upped his holding in the company.

Barden bought 220,000 shares in the food group at 102p each, taking his holding to 769,000.

He moved up to the chief executive's position in February from a role heading up the group's chilled and bakery division.

Ian Gibson, deputy chairman of supermarket group William Morrison, has bought his first stake in the Yorkshire-based retailer.

Gibson purchased 108,000 shares at 276p each.

David Tucker, a non-executive director at Bluetooth technology firm CSR, bought 20,000 shares in the outfit at 608.75p each.

He now owns 100,000 shares in the group.

John Osborn, chief executive of clothing retailer Alexon, has bought 100,000 shares at 187p each. He now owns 800,000 shares in the company which owns brands including Ann Harvey and Bay Trading.

Shares in the company have struggled recently amid difficult trading conditions.

Several directors at IT consultancy Anite have increased their stakes.

Chief executive Steve Rowley and finance director Christopher Humphrey each bought 100,000 shares at 68p and non-executive chairman Clay Brendish bought 72,000 at a similar price.

This article: http://scotlandonsunday.scotsman.com/business.cfm?id=1559712007

Last updated: 30-Sep-07 01:23 BST