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.

For Immediate Release 30 September 2008

Meldex International plc

("Meldex", the "Company" or the "Group")

Interim Results for the six month period ended 30 June 2008
London / Cambridge, UK, 30 September 2008: Meldex (AIM: MDX), the specialty pharma and OTC
company, is pleased to announce its interim
results for the six months ended 30 June 2008.


Highlights

* Turnover increased to 23.7m (H1 2007: 8.7m)

* Substantial increase in adjusted operating profit* to 3.2m (H1 2007: 760k)

* Profit before tax of 2.8m (H1 2007: 831k)

* EPS of 0.8p (H1 2007: 0.0p)

Like this:-
We have also commissioned a remuneration consultant to review salary, bonus and long term incentive plans to ensure that the interests of management and shareholders are aligned with rewards linked to long term performance.
Dont like this:-
Due to several value enhancing acquisitions occurring over the previous 12 to 18 months, the Company has a requirement for working capital to expand and grow the business. The offer period for much of 2008 has considerably hindered the Company's ability to raise funds for such working capital. However, the Company is currently in detailed discussions with multiple providers of capital, and hope to be in a position to update the market in the very near future in relation to the outcome of these discussions.

It's going to be a case of 'watch this space' for a while Tabby; not the best of times to require extra funding but overall not too bad. The potential is still there but there may well be a loss of momentum for a while.

Actual profit 1.69M, a very poor return on turnover of 23.7M

From an EPS perspective hardly any improvement on 2007FY

Cash in the bank 509k - no wonder they need to raise capital, they're nearly broke, hope their customers pay the bills on time - cash flow is everything, especially in this financial climate.

Chances of getting a placing away at the moment? Only at a big discount to today's SP. More dilution on the way. Wouldn't be surprised to see 200M shares issued at 10p to raise 20M.

SP target 10p

Kim.. I am happy!
Clear and concise RNS.our cash is safe! We do not need to raise capitol in order to fund any losses!to expand and grow the business could raise good money by selling a tech off if necessarythe Company is currently in detailed discussions with multiple providers of capital, and hope to be in a position to update the market in the very near future in relation to the outcome of these discussions. Hopefully strong Finns Brokers note today.

Tabasco. Better results than expected but those words 'the Company is currently in detailed discussions with multiple providers of capital, and hope to be in a position to update the market in the very near future in relation to the outcome of these discussions' are similar words to those used by Northern rock, lehman etc . Dont hold you breath

Didn't you stand up on a stage and ramp this cr@p once, Doris?

:o)

Can someone be kind enough to dig out that recent broker note? Seemed to me at the time they were stating a much higher EPS, equivalent to 8M annual profit. Guess they were telling porkies huh?

Indeed i did and did Okish out of it some years back!

Whos Doris.. Shes not als bit on the side is she? Hilary.you do know some strange people!

I know you did OK, Doris, and I can still remember your exact words to this day. Sheer brilliance imo!!

Best laff is they are trying to highlight profit "before non recurring items" ..... which seem to occur every year without fail.

Margins dropping and no cash , 10p placing on the cards and it all adds up to a complete basket case.

I'd take 20p while its still available.

Thats why Im always right ..and your always wrong Dil.Ill give you the winner of the x factor if your good!

Tabbytit only needs a 100% rise to break even on his 6 figure position, of course he's right Dil ;)

I never doubted him pt

Hope Tab gets is 100% rise - I'll be quids in :-)

C'mon lads, just to be 'Up' today is a major achievement .... and if talks on funding capital iare 'advanced', then there's nowt you or me can do to change it - the shorters will have their positions covered (like they were promised by some corrupt barstewards), and those wanting a rise in SP will get it as MDX progresses, albeit at a diluted issue value.... although the perfect solution (from a shareholders point of view) would be for the K's to have bankrolled everything on a fixed interest return, without a share issue :-)

I never thought miserable old me would be the one telling others to cheer up..... the big bonus from all this doom and gloom is that hundreds of Estate Agents will have to get proper jobs instead of sponging off everyone else by selling non-existent products!

its 22p dil.....not 20p

wheres that tit, big al?
see all his shares r down again.........mind you, most of his will go bust so he gonnae lose all his money, lol.......so it doesnt matter what price he bought in at.

good interims i thought overall..........i've said for several months now to wait till early next year to see full benefits and also a decent ceo......but of course all the day trader plonkers continually come on this who have no knowledge.

2 banks in uk only by next year................uk to go bankrupt

Dogger and Gordon ?