*****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/

Good to see the USA Dept.of Veterans Affairs purchasing a Duet Encompass System for $56,500 brings Septembers total to $64,771.07 so far,which is a 30.87% increase compared to September last year!

August was a bit poor though but still higher than a few previous lows,just disposables I would guess but September 2008 has seen the biggest total since MDW took over from MDT which is great news,imo.

The first orders were taken May 2007 and on a monthly basis apart from August MDW have increased their sales month on month...I think.

I'll post the percentage differences later on to clarify.

Hmmmm,for arguments sake say MDW have 70 distributors throughout the world and they can average say $30k a month,that equates to $2.1 million a month or $25.2 million a year in sales!!!!

The average over the 17 month period (since MDW took over from MDT and only relating to the FPDS site) equates to about $16,222 which would equal roughly $1.135 million a month and therefore $13.627 million a year,relating to the 70 distributors!

It must be remembered that most of the global distribution network is newly formed and have just completed or still going through training courses to help promote and support MDW's equipment.

hmmmmm-lolz

Too late to be doing percentages but here are the totals give $100 a month as they get updated positively sometimes mid-way through the next month:


May 2007 $7930.00
June 2007 7049.61
July 2007 4526.60
August 2007 29977.14
September 2007 49492.10
October 2007 235.00
November 2007 1804.44
December 2007 4833.79
January 2008 14971.24
February 2008 33961.66
March 2008 12885.41
April 2008 2873.72
May 2008 17969.71
June 2008 11026.94
Jul-08 6800.93
Aug 2008 4671.28
Sept 2008 64771.07



Total 275780.64

great figures banjo but the company themselves have admitted there is no growth for at leats a year so as usual your figures are nonsense and totally misleading

but i suppose desperate times...desperate and misleading measures are needed

27M in sales is not going to happen we both know that....so why not say that each distributor will do $100 million a month? and come up with even more inaccurate figures?

BY THE COMPANY'S OWN ADMISSION THERE WILL BE NO REAL REVENUE GROWTH FOR THE NEXT 12-18 MONTHS SO YOU ARE TALKING POOP

lol Treble,you sound worried!

no my firend not worried at all but starting to get annoyed with your constant efforts of trying to spread blatantly wrong information...i know you are trying to protect your loosing investment by putting this kind rubbish on this thread but you are trying to mislead people

can you keep to the facts please...ie no growth in sales for at least another 18 months.....$27M tunriver is a ridiculous figure you picked out of the air.........i remember a few mohts ago you were predicting $50M in annual sales...it is more likely to be about $15M and a small profit if they keep their costs under control...which they are doing by not paying their staff cash, and paying suppliers in shares...so they may show a "false profit" at full year..i think that is a fair summary of their position unlike your nonsense above

lol Treble,come back when you have left school.

lol...you do make me laugh mick......$27M turnover...pork pies mate

Treble,
I'm not saying they will reach that figure this year,obviously!
What I am saying is the potential is there as shown by the USA gov.figures as posted last night.
You have to remember the global distribution network is still building up a presence and the fruits of which will be seen in due course,imo.
I don't know why you are getting annoyed at me posting factual figures and extrapolating them through the didtribution network using an average monthly figure half as much as one machine?
Back tonight....

for those who read this thread looking for accurate information...here is the info from the company

"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"

shows you just how laughable Mick's figures are...expect a tunrover of circa $15M and a small profit (although they have admitted mrgins will be less so if they are a lot less they will go back into a loss).......debt of roughly twice annual net profit...so as you can see folks very little reason for the share price to increase.

lol mick once again facts show you are completely wrong (i guess someone who is holding a 50% loss on his holding has to try everyhting he can to get some of his money back)

lol mick you really do have your head in the sand...."tell my loss to go away, tell my loss to go away he mumbles to himself while neck deep in sand"

treblewide,
Sorry to pick up on a few inaccuracies, but where exactly does the Company state

"but the company themselves have admitted there is no growth for at leats a year"

hold on, not hard hitting enough so you add to it a few minutes later stretch it out a bit for effect,

"BY THE COMPANY'S OWN ADMISSION THERE WILL BE NO REAL REVENUE GROWTH FOR THE NEXT 12-18 MONTHS SO YOU ARE TALKING POOP"

no-one picked up on it so let's stretch it again,

"can you keep to the facts please...ie no growth in sales for at least another 18 months"

You have just increased it by 50% and then you post what the Company said,

"We anticipate that the results for the second half of the year will show only marginal growth over the first half results"

So hold on the Company are talking about half a year/6 months not a year or 12-18 months or even 18 months. and they still mention growth!

I have spoken with the Company and one of the reasons for the lower revenue figures was the teething problems with mass production of the PSAwatch consumables, it has been rectified now. I expect to see revenues start to grow again H1 2009 and especially H2 2009 when we should start to see PSAwatch revenues from the US.

You are trying too hard now, chill afterall, we are talking about a Company that has made a profit in the last 2 Halves and has seen Sales growth of 139% year on year.

Also regarding your comment "debt of roughly twice annual net profit" care to provide a link to your figures, only I think you are making it up and deliberately so.

Naughty little treblewide, you wouldn't be trying to put people off would you and resorting to a little false accounting to do so?

minder...."real growth" means more than a couple of %.......MDW will not achieve this in next 6 months and since they have never met a growth forecast published by their stooges Edison i think it is safe to say that will remain flat for a whiel after that

so their net profit was what about 140k for 6 months.....they have admitted margins will be tighter in second half...so lets assume best case of 100k...their total borrowings are about 460k as publised in last set of results...so nearly 2 times annual net profit......

so do not see where the false accounting is...........but please do explain

You are using an old debt figure (from April 2008) but guessing at future profit figures, hardly scientific

by the way Net profit for H1 was 158m and that was after a one-off exceptional of 112k.

they have had one off figures of that size since i have watched them so i am not classing that as a one off....if they have no "one off charges" in their next set of accounts I will be amazed...anyway 100k is not going to make a huge difference

i am using the published debt figure....i actually assume it is worse now but hey ho lets use publised figures

so sorry where is the crative accounting that you suggested?

Had a lot to say tonight but got side tracked,not much point anyway with the silly person about,disrupting my thread! :-) I may get a lease of life later on though!


Edit-Trout?-lol