AGM today and starting to tick up.



http://www.mediwatch.com/

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)

did anyone notice big 100, 000 trade at 4.29pm!!!!!!!

whats going on. An announcement tomorrow perhaps

Seems very early for a US distribution deal annoucement, may be further good news on the PSA point of care system being developed - or approval from the Chinese authorities to sell into China and Hong Kong.

Of course, it could be another investor like ourselves suddenly cottoning on to Mediwatch's huge potential.

There's going to be solid flow of good news with MDW in 2005 and robstuff is not wrong with 20-30p being achieved easily.

I've topped up as much as I need to, so from here on in I'm going to enjoy the ride.

Joined into MDW today bought 20k at 6.45p, great price cosidering i was so close to buying at 7.61p a few days earlier
Will top up more as it moves along.
Hope this does well for me just like RTD.

Good Luck all

RTD is storming away, but they have loads of shares to trade. When the good news comes out for MDW and the MM's get swamped with buys (with a relatively small amount in circulation) and can't buy any back themselves, the price will go into orbit!

Welcome parveen1 - you won't regret this move.

If you're interested, the CEO, Philip Stimpson, gave a terrific interview a couple of years ago to The Wall Street Transcript (http://www.twst.com/notes/articles/lxs018.html) - though you need to subscribe to see the full article.

Here he outlined in detail the company's strategy going forward over the next few years. It all seemed very ambitious at the time, however I have watched closely as the board have achieved target after target towards their ultimate goal to become a global leader in urological diagnostic equipment and point of care testing systems for urology and a variety of other fields.

Mediwatch are on the cusp of becoming really big - it's great to be in just before the major turning point, but it still amazes me how investors are happy to sit on the sidelines and see the really good prices pass them by.

At least it will leave a few folks to buy in at 30p, 50p, 1 etc. lol!

yeah i'm in RTD, MDW and PXC as my main small companies. Think all 3 will be great in next couple of years. Or Even sooner

I took the first trade of 50k at 5.45.

I'm in too, I can't believe it's so overlooked.. but for how long

Me too another top up - I now have some much "Health Stock" thats is become Unhealthy !!