*****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/

no it is in black and white that is what you said

Treble,
Are you saying that if a company is suspended from trading and never relists for whatever reason that you would be protected by your stop loss?

The above is just an example and has no bearing on MDW.........by the way :-)

i cannot think of a company who has been suspended without weakness in their share price or any previous announcement so yes a stop would usually save you...

as you would not be long in the first place

Are you actually really trying to argue that as an investor you should not have a level at which you decide enought is enought and you bail out (as that is what a stop is)

i think you have been sniffing too much paint

ps i learnt al of this the hard way with two investments that went pop and i go little to nothing back

LGB that's an easy one.... but take your point.

I know what a 'stop loss' is,Treble.

creosote maybe,nearly finished the fencing :-)

Regarding MDW I like my strategy of buy,hold and add.This is or will be a growth company with big rewards............he says bravely.

Each to their own at the end of the day,Treble.

PS GON are doing ok for me using the same strategy and I have traded stocks earlier this year just on momentum but just have my long term holdings at the present.

I think we all know Treble's view by now so hopefully I can carry on with this thread without his constant concern over my personal trading style relating to just this one company.........but somehow I doubt it.

Interim Results for the six month period ended 30 April 2008 (announced 29 July 2008)

Trading and Financial Overview

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.

And part of the reason the SP is where it is today,also taken from the Interims:

Summary

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.

Although ill health is, to some extent, resistant to changes in the economic climate, we are wary of the sudden deterioration in economic conditions and sentiment that has effected markets in the US and Europe in particular. This is a significant change from the conditions upon which our original plans were based. We are tackling these market conditions through tight cost control, including supplier re-negotiations, product re-packaging, a reinforced sales team and a focused marketing programme.

We have also experienced delays in commercialising the PSAwatch, due to delays in regulatory approvals within and outside the US and third party manufacturing problems in manufacturing the strips in volume, all effectively outside our control.

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.

I say "part of the reason the SP is where it is today" because the SP today has been arrived at by low selling volumes and trading volumes as a whole.The mm's have every right to do as they are doing as there is no buying pressure as yet!

Total volume today was made up of a 3k sell and a 50k buy with a 100k buy probably needed to raise the SP.

Anything can happen in the AIM and the 'Summary' above does give a short term negative slant which begs the question,was it done on purpose and I'm not saying that they made it up but they laid it on very thick through the whole Interim Results,maybe to try and free some shares up?If there is very positive news to be announced over the next few months could MDW have talked to the major players explaining what the future holds and would rather one or more 'Insti's' had these shares to hold onto rather than individual holders selling into a short term rise which may then fall back?

Probably a load of rubbish I've typed above but hey ho.

hey banjo... 'anything can happen in the AIM..'.... yep and it does every day complete manipulation and corruption... in ALL aim stocks.. reckon the credit crunch may yet finish the little corrupt barsteward of an exchange....:-)
edit... 'fraid I dumped MDW a few months ago... sorry Omer!

Morning Jules,
That's a bit strong,sounds like you have had a bad time in the AIM,sorry to hear if this is the case.

Oh yes DVS, treble, you obviously have a downer on MDW as well (lost money on MDW before haven't you, even when shorting it?) but why you are trying to change banjomick's mind is beyond me, if you don't like it don't invest, if you are going to short it, short it, don't keep talking about it.
I am with banjomick on this, I see the current price a great top-up opportunity, unfortunately like him, cannot at the moment, although I bought some recently.
Mediwatch have produced a profit in both their previous half yearly results and have said they believe they will do so again in H2. I know you believe otherwise but as you state above you have thought wrong before.

eh no minder i have shorted MDW 4 times...3 times for profit and once for a loss...do keep up

yes i lost a right few quid on DVS...never hidden that my friend...

re my dialogue with Mick....surely the whole point of BB's are for debate about shares? or are you one of these clowns who think shorters are evil....in fact dont answer that i can already imagine

Jules, I think if there is "corruption" or "distortion" of accounts and results it is probably easier to notice problems in the accounts of the AIM stock than the more complicated accounts of the major FTSE 100 companies. Also, if the AIM company runs into debt it is usually less able to raise money of loans because of its size and often lack of business history.
I personally have difficulties in fundamentals and judging value of one company against another. Have to rely on analysts forecast and returns, which would be acceptable to me.

This does not mean that the smaller companies are safer to invest in, and in general the larger companies accounts are analysed by the overall market in greater depth than the smaller company.

But I have been savage a number of times by the bigger companies and CARTER and CARTER still sticks in my throat.

As far as MDW is concerned I think the product has a huge potential, but breaking into the medical market in the present general market condition is extremely difficult.

The product looks professional (its web site needs a little polish) and convenient to use.

Also to increase in longevity the market is expanding.

Looking at the AIM index against the FTSE 100 shows how the market is against the smaller companies in general and caning them disproportionately.

I hold, but once again hope that there is no takeover at stupid prices.

Treble, I don't mind you shorting. The only problem I see with trading this type of share is the spread and the width when the movement is against one's position.

First of all I'm in such a good mood today,never knew you could get a 40mm flexible bend for a waste system........yipeeeee.

Fred,
I agree with your comment below:

"As far as MDW is concerned I think the product has a huge potential, but breaking into the medical market in the present general market condition is extremely difficult."

As Minder quite rightly points out,MDW have shown two consecutive half yearly profits and are on course to show profit for H2 this year.

You only have to go back a year or so and see the transformation MDW have achieved,pretty amazing in my opinion.

General market conditions are bad but the sector MDW are in is an ever growing one.It could be said that MDW have taken on too much too soon and are sailing close to the wind as far as balancing the books are concerned and there may be a bit of truth in this but that goes for most expanding companies.The question then is are MDW good enough to regain the earlier momentum in sales and profits and my answer would be a BIG hefty YES!

Treble,
I see you added to your earlier post:

"re my dialogue with Mick....surely the whole point of BB's are for debate about shares?"

Go back and read some of the posts you have made here and if your not embarrassed on your return then your a strange one indeed!

no embarassment here...have we not been debating ie you have one view and i have another....so no definitely not embarassed.....

you should be treble,

http://www.telegraph.co.uk/news/uknews/2010493/Does-spelling-leave-you-embarrassed.html

thanks minder...now run along back to advfn there's a good chap