AGM today and starting to tick up.



http://www.mediwatch.com/

The best time to be interested in a company, is when everyone else has lost interest.I have been steadly build my holding,as the price drops.The more the price drops before any news, just makes it a better buy.

Senaah
Full agree i have been doing the same buying below 6p when i get the chance. Topped up another 10000 today just wish had some spare cash.

Leedslad
Could be impeccable timing with today's announcement regarding legal issues being resolved and therefore the US being opened up. Perhaps that has been the reason why the long awaited announcement regarding "a US deal" has been delayed.

I've got a few of these tucked away in my SIPP at or around the 6p mark ;)

No stopping MDW now - full steam ahead into the US, China and Hong kong recently on the go and the rest of the world sales going well.

2005 will be MDW's year by the looks of things.

I sold at 12p last time - this time I may just hold - Merry Christmas

Have topped up, agree there should be no stopping it now, won't see this price again and back to 12-15 by Feb.

This share has largely been forgotton of late but that is set to change, last rally in anticipation of "the deal" went to 15p, and since then co. has announced more good news so should fly this week, I expect another very good day tomorrow, maybe +3p, what say everyone else?

Dont want it going up too quick or we will attract a lot of traders.
1p per week will do for me.
I Think we will attract all the tip sheets in Jan for the new year as there are not many companies with this potential for growth and low market cap/SP.
Good luck to all and a happy christmas.
PS not selling any of mine this side of 20p. Then will only sell 100000.

leedslad - I agree that a steadier rise is preferable.

The good thing with MDW is that there is no hype, the company has solid products and is going all out to market tons of them all over the globe.

The US deal when it comes - probably in Jan 2005 (now all the blocks are removed) will be a significant opening up of a massive market for MDW and we will see a sizeable jump in share price.

Getting approval for China will also boost the price because the distribution partner is ready and waiting with products to sell to an even more massive market. However, if sales are shown to be going great guns in China then we'll really have the icing on the cake.

All this can happen in 2005 and if it does, we'll be looking at a price close to 1. With a very modest performance I can see the price at 20-30p, so I'm very happy to be in with a good chunk at this early stage.

Looking good!

MDW decisively blasting out of the recent trading range.

I have a good feeling about this little company - they're going to become massive in the next couple of years. It's surprising that there's only scant interest on moneyam at the moment.

The first good news is confirmed, the next two to come as a guess will be:

1) US Distribution deal for a range of products (Jan-Feb 2005).

2) Chinese SDA regulatory approval to sell a range of products into China (Feb-Mar 2005).

And plenty more besides.

Evidence of strong sales into new markets in a trading update or results will really light the touchpaper.

Great time to buy - beware of waiting for the dips - they could be a lot higher this time round lol!

That was short lived :( The unpredictability of shares eh? earlier in the year these were going through the roof in anticipation of the large U.S contract which should come soon. I guess holders have run out of hope and had sold it down to the 6p level and don't want to get caught again, once bitten. But this happens and has happened to me with many a share. An example is Desire - was rocketing up to 5, collapsed to 9p, and now looking set to shoot back up but this time round, even though the data is much better than before, is rising at a more leisurely pace. I do believe this co will prove itself a very profitable investment and I am happy to be picking more up at just over 7p, cheap as chips! sure they will be 30p next yr, if not much higher

Twice as many buys as sells and down over 10% - Does that mean MMs have a large stock - it may level out a bit in next half hour - ever an optomist !!

OK that has spoiled the party some b...... has just sold 1 mil

Unusual trade that one - why sell at lower than bid price? Why not hold when things are obviously (if slowly) starting to move forward.

foitek - sometimes you just need the money, there are all sorts of reasons why sells come through at the wrong price.

To sell 1M in a chunk is odd - In my book it's either a fund having bought in early which needs to keep up positive stats for the year end or someone (with no idea) selling off shares as part of an estate by the looks of things.

All the indicators are on the right side for Mediwatch now, there are going to be plenty of buyers very soon.

robstuff - I think that 30p is VERY conservative.

A market leader (in an ever increasing market!) now with the distribution means set up to enter China and the US - this is really going to go ballistic.

I'll be happy when the moneyam MDW BB is so swamped that I can't get a word in edgeways lol!

Thanks go to Irpy on advfn for putting some guesstimates into the projected fundamentals:

"I guess 40m market cap is not too unreasonable in the medium term.

A very rough estimate assumes that the US market would amount to, say $17.5m, or 17.5 / 1.9 (exchange rate) = 9.2m, (average of last MDW estimate)and allow 1/2 as much again for everything else (pure guess).

Therefore, annual sales are expected to be 1.5x 9.2m = 13.8m. Since the p/e ratio is nonsensical atm, take the market cap to be 3x annual sales forecast = 41.4m.

The no. shares in circulation is about 91m and so the SP would be 41.4 / 91 = 0.45 or 45p.

Current price is 7.25p which makes this a potential 45 / 7.25 = 6.2 bagger medium term, imo."

It'n not just MDW, there is excellent news coming out with some minors at the moment with very little trading activity, my guess is that it's a very quiet period before Xmas and we will see rises in the new yr on the stocks that have announced good news and value improvements. Take a look at OXB this morning, excellent news but no buying, it's really odd. But I have noticed this before and then, a few days later, woosh, buying pushes it up once realised it's totally overlooked. 30p next yr will not be a surprise to me and i'm happy to be picking these up at the lows

robstuff - I agree - too many folks with other things on their minds at this time of year, I would guess.

The start of the New Year really makes you look closely at what you think is going to be THE share (or shares) to own for the next 12 months plus.

MDW have stacks of great newsflow to come, considering what they've achieved in 2004 - 30p+ here we come.....

MDW should do well in the new year, I am taking advantage of this ridiculous low price as I firmly believe 20-30p easily achieved in the short term. It only needs one publication to tip them and whoosh! as it's capitalised so low, could easily double in a day, go up 4 times the value if more articles/good news. This co's share price has underperformeddue to the delay in the BIG contract but now all obstacles removed this co's sp is like a champagnes cork waiting to be released and explode upwards.

Someone knows a good thing when they see it - need a few more of those (a deal will be announced any day so this price won't be available for long)