Hi all
pretty new to all this. I have pumped some into Deltex - looks like a strong product with good growth. Could be a steady gainer.
Does anyone else have this, and anyone have some research on it? Someone with more experience than me!
thanks in advance.
Grajul

Sod off count.

I was chatting to my good friend Martini about our mutual friend Christou. What makes you think a wet-behind-the-ears jonny-come-lately amateur young upstart such as yourself can just but in?

But out!

count ... Yer when my mate Gauisie says "but out" you better listen .... he is a one big SOB ya know.

G I will try to get John C's number tonight about time we made contact with the old sod again.

THE COUNT--->GAUSIE

Sorry Mr Gausie, I didn't realise I was interrupting a real man's love in.

I'll stay clear.

You've got 3 grand's worth of stock? Shit, I'm going to have to go out and splash another 2k to catch up....I am not having you owning more than me.

THE COUNT!

THE COUNT--->GAUSIE & MARTINI

Errr, chaps, I think 'but' is spelt 'butt' surely.

Oh, and Martini, less of the 'old sod' if you will, there's a good lad. I'm getting a little sensitive nowadays.

At least Gausie reckons I'm a 'young' upstart...that's a lot more like it.

Anyway, do have a good evening chaps. I'm sure we'll catch up later.

THE COUNT!

Count - I would never argue with a man with your ethnicity over the spelling of the word 'butt'.

Martini - tried foning him, spoke to his missus. She says he's got an outpatient appointment at the premature ejaculation clinic. Quite serious by all accounts. Apparently it's touch and go.

Oh my god. Ive just stepped back in time!!!

You would have thought if the Count knows anything about Medical matters he would be working for the squirty mums of Shite Hart Lane!
Making sure they are well bunged up before the new season starts!!!

and yes i did go to Paris and yes we did lose and yes we were very unlucky and NO WE DIDNT BLAME IT ON THE LOCAL CUISINE!!

Pommy - stepped back in time? I once made instant coffee in the microwave and had a similar experience.

All it needs is for the Bear of Dialog to turn up. Anyone for a short?

A short? Mine's a double G&T, thanks Kayak!

For several weeks this thread was relatively quiet. Now it has come to life. Just a pity the more sensible comments are being lost in a sea of none Deltex input.

THE COUNT--->GREEKMAN

Don't worry, there will be plenty of time for more sensible comments. Yesterday was just a bit of light hearted banter by a few people who kow each other and it was in the evening when the market was closed.

There was a bit of shirt pulling going on, that's all. If you read between the lines, you may suss what it was about.

THE COUNT!

greekman...agree with your sentiments....Deltex now need to announce good deals/contract wins/sales.. maybe that'll give peeps something to focus on,,,

The Count,

OK I will pull my horns in. It is just that you can't help being frustrated with an organization such as the NHS.

Skyhigh ,

Thanks for that. The next 6 to 12 months will imho be a very important time for Deltex. That will be the time scale for feedback from their overseas push.

THE COUNT--->GREEKMAN

Look at it another way, and it is also the way that the company itself view this.

If it was easy to break in and sell to any health service, but the NHS in particular in this case, then it would also be easier for a similar technology to move in and to perhaps start to usurp our position.

As it stands, it is damned difficult to get the sales, but those sales we have got, will go on generating the repeat sales of probes for many years to come and with the added bonus that anyone else looking to try and move into our 'space' will have the massive problem of breaking into the NHS that we have had, but unlike us, they will have to also prove themselves overwhelmingly superior to the incumbent technology which, more and more with each passing day, is ours.

Yes its tough to break in and make all the right moves, but once in, our turnover becomes far more sustainable and safe than many other businesses. The sustainablity and repeatability along with the strong growth to come in our revenues is what should also sustain this stock on a high PER when we move to that method of valuation.

THE COUNT!

THE COUNT--->GREEKMAN

....I almost forgot. Talking of the stake taken by Mr John Christou....that surname looks pretty Greeky/Cyprioty to me....is he your good self? Go on, you can share that with your friends on here. :-)

Regards,

THE COUNT!

Not saying, but if I had that sort of cash???. As to your comments re Deltex/NHS I fully agree that we will get there. Perhaps Deltex are on the NHS waiting list and we all know what that means, we will get a result if the patient doesn't die first..

The count posts 232

"I jest you not though, current clinical demand in the UK alone is running at a factor of ten times actual usage. That is in excess of 300,000 probes in the potential pipeline....or around an extra 18m of annual turnover extra. This is business that is won, if only the docs could get the funding for it. That could generate profits of 8m - 10m pa conservatively speaking. On a present market cap of around 15m, I think you should be able to see why it could be interpreted as being a bit on the cheap side."

Where do you get this from? Thought you had more than a "simplistic/token" understanding!!!!! Also with your sales predictions one probe might cost 60 each however an order of say even 10,000 probes would be discounted...

THE COUNT--->EXPLOSIVE

Why do you assume I don't have more than a "simplistic/token" understanding!!!!! ?

What I tell you is accurate.

When I invest, I like to get off my fat arse every once in a while, and where possible, attend AGMs regularly and meet management. I also am a client of DEMG's house broker, Charles Stanley so I get the research regularly.

I also know Nigel Keen, the chairman and have known him for about 8 years now. My two biggest holdings are DEMG and ASD....he is the chairman of both.

I also helped to arrange the funding round back in September last year, introducing, via my own investor friends and myself, 300k of the 500k invested in that round. It was I that made the demand of the management that if we came in on the investment, I also had to see strong director buying as a result. All you have to do is go back and check the director buying that accompanied that cash injection to see that they honoured their word.

Obviously, we invested further monies because of a series of presentations to potential investors both in their home town of Chichester and here in London.

So, don't laugh and fall off your chair when I say 'trust me, I know what I am talking about'. Because I will qualify that a bit further for investors, that despite 'knowing what I am talking about', there are still no guarantees in the stockmarket....all you can do is better your odds for eventual success.

But now to your questions which you seemed to throw in alongside your loose comment about my being simplistic and having no more than token understanding. If you bothered to go out and do some research yourself, starting with just attending an AGM, you would have had one of those questions answered for you directly by the board. It was in answer to my question about the current state of clinical demand. They confirmed it. Of course, they could be lying.

Also, when I visited the company, I actually suggested that they drop the prices of their monitors to try and create further demand in the NHS. The response was that NHS demand was very inelastic...or in other words, it didn't depend on the price, it was other factors....such as the rampant bureaucracy. I think they have done their homework on this.

And if you really knew how this works, you would also know that no single health authority would order 10,000 probes in one hit...it is a pay as you go. Their top used monitors are currently using around 10 plus probes per month and a hospital that has adopted the CardioQ as a standard of care may have 10 - 15 monitors at most. But even if somehow the NHS decided to order medical devices centrally, for the whole country, the probe price, really is not the main driver when equated to the massively disproportionate cost savings that can accrue to the NHS....it is a drop in the ocean. It is the NHS's incompetence that is at work here.

But probe prices may well come down when the figures start to get really silly, but Iwas told that would be because of potential economies of scale in their production. Anyway, I don't see your point. Even if probes were discounted today by 15 a shot, the profits generated would still be enough to multibag this present SP. Is that not enough for you?

I am not going to add much more for now as I want to include a lot of what I have to say within the more comprehensive report I am going to eventually write up on the company.

Hope that at least answers your present concerns. I can understand your cynicism, but if you feel that strongly about a stock, then I would suggest you do a bit more of your own research.

THE COUNT!