*****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/

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.

"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.

The one-off costs during this period amounted to 112,000 and represent professional fees associated with the takeover approach received by the company which was announced on 18 January 2008. This approach did not result in an offer being made due to unforeseen problems experienced by the acquiring company."

Within the Edison report (18th March 2008) they stated their estimate of pre-tax profits (before exceptional items and IRFS2 adjustments) of at least 800k,split up as H1 200k and H2 600k,so they got the H1 figure about right.

From the same Edison report they went further in saying that a 20% increase in revenues to 12 million ought to be the minimum target for the following year to October 2009,which should give a pre-tax profit of 1.7 million.

http://www.mediwatch.com/images/pdf/Edison170308.pdf

In my view Edison made a valid assessment at the time which may or may not be validated.

Remember,In the six month period to 30 April 2008, Group turnover was 4.4 million

The next Edison report was on the 3rd June 2008 and related to the AGM and their view taken from it along with an update on estimated figures.

Where they estimated the failed takeover approach would cost MDW 100k,so that has been common knowledge since then.

They also report back from the AGM that the MDW management are moving forward in line with expectations.

Now this is where it gets interesting as Edison go on to say that if the medium term targets can be delivered then the SP would warrant a high teens rating!

We are now half way through the H2 reporting year and MDW have stated:

"These market conditions are restricting our growth opportunities and the expected growth in the second half of the year. We are, however, fortunate that Mediwatch's products offer increased efficiency and cost savings in a financially challenged health sector. We anticipate that the results for the second half of the year will show only marginal growth over the first half results with some easing of margins due to price pressure from competitors."

"will show only marginal growth over the first half results"-this to me implies that we will not see the 800k total pre-tax profit forecast for year end 2008.The H1 was achieved but the 600k estimated for H2 might not be.

This is not saying MDW are going to make a loss for H2 but the pre-tax profit may be around the 400k region giving a yearly pre-tax profit of say 600k as a rough guess!

MDW are still a young company who are continuing to move forward and are re-claiming lost ground from the MDT side along with boosting their total range on the global stage.The global economies as we all know are going through a rough time at present and MDW were just reflecting this within the interims and the effect this may have on their profit margins and not that they see a major problem ahead!

The big mark down was well overdone but it has to be said,not helped by the wording from MDW within the interims,honesty doesn't go down to well! lol

Just me ramblings and my opinion but I'm not concerned at all about this short term blip....................so there! :-)

your last line sums things up.....you are going to continue to loose money as you cannot be subjective...

subjective? In what way?

And what pray tell do you call a person who posts one liners like:

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

I might as well say an approach came in earlier this year which failed to progress but got the SP up to 14p,there are more on the cards which will take the SP up to 20-30p.................

Treble,
With all due respect I have seen your kind many times before in the way you are blatantly de-ramping a company without doing any research and looking at a very short term view and inso trying to manipulate for your own ends.I have at least tried to be realistic and give my view at length.

lol...you do make me laugh...yip there are definitely lots of folks out there who will take this over for 30p per share......keep taking the medicine Mick...am away for a few days now.....good luck!

Treble,
Luck doesn't come into it but cheers anyway.

I see JRVS mentioned the dreaded words within their AGM announcement today and fell 18%:

"increasingly uncertain economy which has inevitably affected the business"

"Clearly Jarvis cannot be immune from the macro-economy"

"the challenge will be to minimise the impact of the weaker demand"

Overall it was a similar generally upbeat announcement like MDW's but whoooosh!

They don't so much fly as plummet. ;-)))