*****This thread is setup mainly to gain information
relating to Mediwatch in a quick and easy way and IS IN NO WAY A
RECOMMENDATION TO BUY!********


Mediwatch-A Synopsis:
Mediwatch was established in 1996 and has developed a range of specialist
medical equipment for the diagnosis of urological disorders.The group joined the
AIM in 2000 through a reverse into Prostcare plc,which at the time was valued at
8m.While the vast majority of sales were generated in the UK,there was a
substantial indirect export business involving a number of agents,supplying into
Europe,North America,Australasia and Asia,notably Japan.
Group revenues are set to increase rapidly following the acquisition of the former
Medtronic Urodynamis Division,which has introduced a fundamental presence in
North America.The deal was in 2006 with the sales division building from 2007.
With the inclusion of the Medtronic systems now owned by Mediwatch they now
can offer a 'One Stop Shop' for the diagnosis of various urology disorders with the
benefit of Mediwatch systems having the ability to electronically send data from the
various tests to a central data base!Oh and plus the added bonus of PSAwatch and
now PCA3plus!

More than 30 million PSA tests are performed annually in the USA alone!

CHARTS

FUTURE EVENTS AND LATEST
NEWS

Just for the record and to even things up,this is Treblewide's view (near end
of 2008):

"in short 3p by chrimbo and a real chance if they do not get rid of management they
will go into receivership.....when they bough the MDT business I said at the time it
must have been a bag of shite as they only paid buttons for it.......looks like that was
fairly correct......i feel sorry for shareholders"

Treblewide has been filtered from my eyes for his abuse,lies and general behavior but
it's a free country (I think) so do as you see fit.


It started with:

Treblewide - 05 Jun 2007 15:49 - 33 of 1747
still short

Treblewide - 18 Jun 2007 00:24 - 69 of 1747
interesting stuff from that article...very few men die from prosate cancer and it is not an agressive disease....treatment can be worse than the disease.......kind of suggests their whole business model is based on sand to me.......but hey who wants a balanced view.

Treblewide - 18 Jun 2007 00:31 - 76 of 1754
exercise and sex may cause a raised PSA...so you guys may have stumbled on a test for fit shaggers :-)

I am gonna name Me-Di-Watch

Gonna-go-bust-soon-iwatch

Treblewide - 18 Jun 2007 10:59 - 85 of 1754
minder...i do not make light of prosate cancer....show me one post where I do...i make fun out of this company yes but not the disease so wind yer neck in pal.

show me any trace of a profit and i will maybe change my mind

Treblewide - 18 Jun 2007 15:54 - 97 of 1754
minder made a small loss yes which I have more than made up for shorting it........and i guess your average holding is 3p.....aye right.

Aalso I closed out my short at 8p for a loss of the spread if memory serves me correctly.

currently short from 13.25....i thank you and goodnight

Treblewide - 23 Jul 2007 12:36 - 154 of 1747
more of the same......thank god i still do not own shares in this lot...will they ever
make a penny profit....looks doubtful......cannot even manage a small supply chain.


ect ect ect

with the last few posts:

Treblewide - 30 Mar 2009 09:16 - 1704 of 1754
you are a lunatic mick.....words fail me.

and ps i only post under treblewide on any financial web site....i know you cannot say the same......you have been calling this as a buy and nothing but a buy for about 7 years...it says it all really about your stock picking ability

i notice the downtrend ins now establishing itself....re-visit of the lows again by the looks of things

Treblewide - 30 Mar 2009 22:41 - 1712 of 1754
mick no i dont know what each product does...i dont think that is important...the numbers tell everything and even though you must spend hours on web sites searching for stuff that is not even related to MDW you fail to grasp the basics...they consistently lost money and now seem to be making some...my call to 3p was correct and i think if they had not got their shit together they could have gone under

i was not interested in them as a long play while they were loosing money depsite whatever rubbish you posted regarding piss sticks or whatever you bang on about.

and yes it was poor trading..having an avergae of 12 and averaging down to 6-7p while they were at 3p....is terrible trading...that cannot even be debated...the very fact you know so much about the products means you have fallen in love with this company......which is very dangerous when investing....

the numbers are the important things...i was right on 3p, the company is posting slightly better figures but we are in a bear market which has not bottomed yet so the price will fall further

you are a 1 trick pony that posts irrelevant links...dont bother to respond i can be bothered getting into a debate with you.....away and cut and paste some more flags

toodlepip

**************************************************************

I have been chased from here and now ADVFN,has the boy got a problem?

treblewide - 3 Aug'09 - 14:46 - 22345 of 22412


post 22342 is classic.....so mick advfn is not a good source when the consensus is sell?

begs the question why you spend so much time polluting it with your bull tripe?

question....so MDW share price has gone up, it has gone down etc etc...during all of that time has mick ever been able to find any subjectivity in his posting ie has he ever critisised anything?

i really think he may be getting paid by MDW...the whole thing is very bizzare.

mick i notice you referred to your threads as "promotion of Mediwatch"

can you confirm if you are getting financially rewarded by the company for this?

treblewide - 3 Aug'09 - 23:55 - 22371 of 22412


664k overdrawn....takes a long time to pay back at 39k profit every 6 months.

drawn down overdraft has increased by 170k and they paid 33k to service that overdraft and made 39k profit...as i keep saying my local fish and chip shop make more money than this lot.

margins have been squeezed...psa watch now off the agenda in terms of updates....not 1 single reason to buy and yet you lot think this share price will go up??.....am mystified why it would increase? genuinely why is this comapny under valued?? i cannot see it and dont bang on about fairfax saying they are going to make x amount...they have never been near to getting it right

if i were a holder i would be selling now at 6p if i could and buying back in the 2-3p range which the chart is saying is now a certainty....i expecta full year loss

i told you all to sell at 14p and at 11p (it is all there in black and white) and that it was going to 3 pence..i got abuse mick called me an idiot and suggested it was going to 50p......still a sell and my short (which was posted in real time over the road) is nicely in profit.

toodle pip...will log back in when it gets to 3p....



treblewide - 4 Aug'09 - 00:19 - 22373 of 22412


664k overdrawn....takes a long time to pay back at 39k profit every 6 months.

drawn down overdraft has increased by 170k and they paid 33k to service that overdraft and made 39k profit...as i keep saying my local fish and chip shop make more money than this lot.

margins have been squeezed...psa watch now off the agenda in terms of updates....not 1 single reason to buy and yet you lot think this share price will go up??.....am mystified why it would increase? genuinely why is this comapny under valued?? i cannot see it and dont bang on about fairfax saying they are going to make x amount...they have never been near to getting it right

if i were a holder i would be selling now at 6p if i could and buying back in the 2-3p range which the chart is saying is now a certainty....i expecta full year loss

i told you all to sell at 14p and at 11p (it is all there in black and white) and that it was going to 3 pence..i got abuse mick called me an idiot and suggested it was going to 50p......still a sell and my short (which was posted in real time over the road) is nicely in profit.

toodle pip...will log back in when it gets to 3p....

treblewide - 4 Aug'09 - 10:49 - 22379 of 22412


still time to get out at 6p.....dont understand why you would not sell at 6p when they are obviously going to half in value...if you are a long term mdw bull you can buy twice as many shares at 3p and maybe possibly one day see a profit on your holding?



treblewide - 4 Aug'09 - 12:44 - 22381 of 22412


last chance to sell at 6p for your shares folks


treblewide - 4 Aug'09 - 14:48 - 22387 of 22412


so question...is psawatch is so great...why has there been no huge surge in revenue figures from UK and Europe on the back of it being sold?

the whole reason a lot of you hold this is psawatch...it has not made them any money in Europe which could be argued when taken as a whole is not much smaller than the USA.....this company is not going to change overnight with US approval...at bets it would be a selling opportunity for long term holders

i really think a lot of you have to ignore some of the nonsense ramping going on here...the company is draining cash and there margins are reducing (despite this wonder PSA machine they have for sale)

i really think the future looks bleak for mediwatch...if someone can put in concise terminology why MDW is a buy i am all ears....dont point me at fairfax report...they are a bunch of clowns as well...that interim report is shocking and i mean really poor.

costs out of control...margins squeezed, cash running out...no real revenue growth, does this sound like a growth company to you?

sell at 6p


treblewide - 4 Aug'09 - 15:50 - 22391 of 22412


god i have heard it all now...mick can you counter my points about declining margins and cash issues without nonsense posts about peopel having insider information...what a crock and what a clown.

so just so i have this straight in my head...when you put in effort to ramp these shares it is all great and you expect cuddles? (and if anyone disagrees you throw your toys out the pram liek an old woman)

when i put up a few posts to explain why i am short it is an organised attempt to get the share price down because i have insider inforamtion from the US?

were you the Iraqi information minister in a previous role? lol


treblewide - 5 Aug'09 - 19:24 - 22409 of 22412


lol.....shares getting sold today at 5.75.....next stop 3p...

treblewide - 4 Aug'09 - 12:44 - 22381 of 22408 edit


last chance to sell at 6p for your shares folks




treblewide - 5 Aug'09 - 19:29 - 22410 of 22412


i wonder what thier overdraft is limited to....1M?

if so they have 12 months of life left at current perfomance...how many of you hlders have considered the chances of them going bust?....i would not rule it out...would love to know how much further the banks will let them go into debt before they pull the plug

treblewide - 5 Aug'09 - 19:37 - 22411 of 22412


seriously if i were a holder i would look at the interims and ask how much longer can they go on burning cash.......and with all the averaging down the bulls have done over the years i bet some are more exposed than they should be....good luck...think you might need it




ANYWAY

http://mediwatch.blogspot.com/

Afternoon Treble,
I thought you might drop in.................

Maybe not blue today then! Is that balanced enough? :-)

The current state of the global markets are effecting everyone and MDW wisely or not have reflected this within the interims.

I haven't lost or indeed likely to any money, all that is happening is my average is getting lower and lower.

have to dash but all that is happening in the short term is people changing their positions this will include both buying and selling.All will settle out in due course with MDW being best placed as the markets improve to regain interest.MDW have achieved profit status within the last two
half yearly results so they are obviously doing something right!
Each to their own at end of day.

you haven't lost any money? what purely because you have not sold the shares...ok then...keep the head in the sand...strange behaviour indeed

Treble,
I think it's far stranger that you pop over for a chat every time you have something negative to say,whether it be on a spike upwards or downwards!

You obviously have an agenda or are you just trying to look after my interests?

I'll just lob this in for now but will no doubt type at length later tonight:

Six monthly revenues,

to APR '06 - 979k
to OCT '06 - 830k
to APR '07 - 1.829m
to OCT '07 - 3.855m
to APR 08 - 4.371m

i dont have any agenda...this is a share i have actively traded for years....that is the whole point of this internet site ...is it not?

and re revenues...big deal...they issued a profit warning today make no mistake about it as they had paid some research company (cannot remember their names) to tell the market what to expect moving forward.....it is plain they will never get anywhere near they figures....

more profit warnings to come and a full year loss means this is a 3p by chrimbo shot...i wish i had kept my short running.

these were a sell as i suggested at 14p...and at 10p as i suggested and at 8p...guess what i think of them now...yeah yer right....still a sell... chart is horrible and 3p is still a real possibility...but i am sure Mick you will continue to wear the rose glasses and tell us why things are great.....and you will hold for another 5 years no matter what........proving my point once again...i wish you luck, i really do...i will leave you to it as i know the timing of "i told you so " is a bit painful

Evening Treble,
I believe this particular thread is under the section named 'Investors' Room' not 'gamblers anonymous room'! :-)

If you have made money all I can say is well done,even though I disagree with the whole 'shorting' ethos but that's another topic.

"more profit warnings to come and a full year loss"-Not sure how you can come to that conclusion but it's all part of the 'shorting' strategy I would assume!

'Things' are bad in just about all sectors and on a global scale but all will recover in various degrees especially those like MDW:

"US Office

The Company has made some operational improvements in the US division. A clinical group has been established including a VP of Clinical Services along with a Clinical Services Manager. This team will bring a high level of expertise and many years of experience in Urodynamics to the Group and will begin offering Urodynamic clinics to customers, provide clinical assistance to customers and upgrade the delivery service of capital equipment."

"The new Portable Urodynamic equipment has been distributed to the sales team for demonstration and sales purposes. This equipment will allow the team to carry their demonstration equipment rather than shipping the larger units. This will significantly increase the number of demonstrations the team will be able to perform and significantly reduce the cost of conducting demonstrations. The company feels that there is significant demand for a smaller portable unit and this product will fill this gap in our product lines."

"Mediwatch has diligently put in place some excellent building blocks for growth and we are pleased to report our second, successive half-year period of profitable trading. In the six months to April 2008, Mediwatch has built on the integration of the Medtronic acquisition and the research and development programme to generate profits and improved cash flows. This gives the business an excellent platform for further product extensions, both through internal product development and from external sources so that the business can further exploit its route to market."


forgot about the dishes-lol Back later.

Been having a few laptop problems but sorted now.

Just looked on ADVFN on trades and my little top up of 8236 has caused no end of problems!

Lets look at what happened today,closed the day before at 8.62p (mid):

Interims got issued at 09:43

First trade goes through a sell at 09:48 for 10k at 7.78p and the SP drops from 8.62p to a range of 7.75-8.25p,think that can be classed as a wooooosh!

Next was a sell through at 09:56 for 100k at 7.00p and along with a few other smaller sells that sent the SP on a downward spiral to a range of 6.00-6.25p

Next major development was at 10:09 with a 100k buy at 6.25p which then gave a range of 6.00-6.50p

I bought a very small ammount at 6.5p at 10:12-lol and grrrrrr,minutes out but hey ho.

After that normal trading patterns occured!

Therefore,mm's have taken full advantage of MDW admitting the markets are going through a tough time,didn't the mm's know this? lolz!

MDW invited what could be classed as a 'Tree shake' type thing to happen........why? MDW stated the obvious that didn't really need to be stated so often....why?

MDW have done this 'telling the truth' as they see it quite often which I take as a positive sign and being realistic.

Others have mentioned before that MDW are showing all the signs of a Management Buy Out (MBO) but I find this very hard if not impossible to comprehend as if this did happen and especially at these SP levels then they would be locked up for deliberately painting a false picture for their own advantage!

You could then argue that it's market forces that drove the SP down today (I know it's yesterday now-lol) but with the ability to now 'short' a company with little risk to the individual and post false or misleading comments on BB's then no young company has a chance especially in todays climate! Gaaaaawd got me started there,Treble.

MDW issued a strong going forward Interim today with acknowledgement that the world is temporarily a different place than they or anyone else expected and have taken measures to cope with what is happening to alleviate as much as possible the effect on the company as a whole,in my opinion.

This sector is a rising one with major budgets already in place for spending this year so I don't see a major problem at all.

Final word from me tonight:

If we don't see some buying from the MDW management/directors this week,which would probably show up as an increased SP with announcement/s next week or BIG announcements relating to MDW over the next few weeks then I'll start to get concerned-lol

All MDW have said within the Interims relating to the negative side is common knowledge for all sectors/companies and it's the mm's that have chosen to mark the SP down in such a dramatic fashion for possibly their own gain,which you could say is what it's all about! The mm's stopped exaggerating any sells once a bit of buying took place so make your own judgement please.

lol....pretty much what i expected to see from you Mick.....notice price down again.....but yes it is all the fault of shorters and people writing negative stuff on BB's.

as i posted on another site MDW put themselves out there as a grwoth story...the staement puts a final nail in the coffin of that...therefore the mark down...I expect them to issue a further update to the downside.......support on the shart has gone and would need a miracle now to get back above 8p.

Morning Treble,
Good to see you in such a positive mood today........keep knocking them for a few more days please,3p you said?

yes that is what i think...told you you should have sold them at 14p

Treble,
You said I'd be able to buy at 3p but it looks like people are quite rightly thinking the drop yesterday was overdone and there's a 30% mark up to be had! Just my view,what are your thoughts?

i think you will be able to buy them at 3p at some point this year

lol,you have to laugh! Thought we were having a bit of a recovery there.Back later.

Some highlights from the Interim Results for the six month period ended 30 April 2008:

Highlights

Record revenues reported for period

Profitable for first six months of the year in line with expectations

Trading from US sales and marketing office, now matched by strong sales from UK office

New banking facility from Barclays Commercial Bank Plc

New distribution agreement for ground-breaking molecular test

Strengthening of the Board with the appointment of new Group Finance Director and Chief Operating Officer


"Mediwatch has diligently put in place some excellent building blocks for growth and we are pleased to report our second, successive half-year period of profitable trading."

"In the six month period to 30 April 2008, Group turnover was 4,371,000, an increase of 139% on the comparable period last year (2007: 1,829,000).This growth was attributable to:

Addition of the Medtronic product line for the first four months of fiscal year 2008 over the same period in fiscal year 2007;

Transfer of manufacturing capacity to an in-house process, enabling the Group to respond to customer orders and requests more rapidly;

Increased global revenues as a result of improved sales and marketing from the UK team, with continued sales from the US office;

The successful marketing of the consumable product lines, which includes catheters and electrodes;

The new Portascan + and Bardscan II are being well received by the marketplace which has been reflected by encouraging sales in the period;

During the period under review, the Group produced an operating profit from ordinary activities, after adjusting for the effect of International Financial Reporting Standards "IFRS'' and before one-off costs. A profit of 293,000 (2007: loss 266,000) was achieved."

"At 30 April 2008, the Group had total net borrowings of 466,000 (2007: 367,000) including a medium term loan of 115,000 (2006: 177,000). After the period end the Group has transferred its core banking services to Barclays Commercial Bank Plc following the establishment of a more flexible overdraft facility. This improved facility has been structured in a way that will enable the Group to meet both immediate and future working capital needs through the forthcoming periods of continued growth."

"US Office

The Company has made some operational improvements in the US division. A clinical group has been established including a VP of Clinical Services along with a Clinical Services Manager. This team will bring a high level of expertise and many years of experience in Urodynamics to the Group and will begin offering Urodynamic clinics to customers, provide clinical assistance to customers and upgrade the delivery service of capital equipment."

"The new Portable Urodynamic equipment has been distributed to the sales team for demonstration and sales purposes. This equipment will allow the team to carry their demonstration equipment rather than shipping the larger units. This will significantly increase the number of demonstrations the team will be able to perform and significantly reduce the cost of conducting demonstrations. The company feels that there is significant demand for a smaller portable unit and this product will fill this gap in our product lines."

"Mediwatch has diligently put in place some excellent building blocks for growth and we are pleased to report our second, successive half-year period of profitable trading. In the six months to April 2008, Mediwatch has built on the integration of the Medtronic acquisition and the research and development programme to generate profits and improved cash flows. This gives the business an excellent platform for further product extensions, both through internal product development and from external sources so that the business can further exploit its route to market."

I'm getting to the so called negative part before Treble jumps in.