There seems to be a lot of buying in these shares - any reason ??

Baza

The sp is touching the bottom as in Sept02 (3.9pence) - that was because of "general Market" woes and the lack of any news from MDY.
The loss of their American CEO won't do any good either, but may ensure the company doesn't go States-side which squeezes any PEP/ISA holders.
The company seems to be selling into WalMart and there is a good chance WalMart will assume a presence over here, once the ASDA takeover has settled down. However, I see the problem as the majority of their business is in America and the /dollar fluctuations always seem to go the wrong way. Unless MDY buys a hedge this could impact on future profits.

There is relatively little information from the company - it's as though their "Good Idea" factory was satisfied with its effort about six years ago and has moved to pastures new. The loss of the syringe business was a major blow as this was seen as the route to Loot by many in the Company and the City.
They need to demonstrate that they are moving forward and designing new products - not to compete with their own, but to satisfy new opportunities. This has not happened yet and silence is their watchword on new ideas. IMHO.

Regards

Following my own advice I've bought a small-value holding in MDY - yet today the price is falling again slightly - yet look at TRADES:
16 Million Buys!
150k Sells!
-now I know these labels are notoriously inaccurate, but something is going-on - - -Time will Tell, as they say. Could be a Takeover? - with those in the know buying all they can get.....16million x3p is close on a half-million quid! Not exactly small change, but why the price-fall? A big Seller after hours....
Maybe a new CEO? or another Dir leaving - no, it's just too difficult.