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

Yes very good update, as always we requires more sales. Anyone looking at the total buys/sells will get a wrong impression, there are 135,000 shares down as sells when infact they are buys, I know I've mentioned it before but it does give a distorted picture of trading in shares. (Bee in my bonnet atm)
2517

Good contract win.
2517

Yes,excellent news. The involvment by the USA in Iraq could be a good in making other none military establishments take note. Can't understand why the sp is static.

The sp is just not budging.
2517

In my opinion lethargy rules re this share. There have been so many similar announcement re very small sales that the market has become immune to such details overlooking the bigger picture ( I know thats a saying that politicians overuse ) but that bigger picture looks excellent. When the market does wake up, that to me is when the Sp will relay take off.
The involvement by the USA in Iraq could be a good in making other none military establishments take note. To me the RNS is good news especially for the future.

I see the FD purchased 150k shares and the CE a more modest 6k+ shares on friday, always nice to see, especially when it's the FD of a co.
2517

Hi George,

Just seen it. Always good to see directors buying into their companies.

Maybe the message is beginning to get around, topped up modestly yesterday.
2517

The sp is right on the 200dma so a push through that should be positive.
2517

Not one buy so far today, sp unmoved atm, perhaps there's a large buyer sitting in the wings ready to mop up.
2517

Upbeat mention in shares today.
2517

Yet another contract. It's not the tiny number of CardioQ's thats important, its the foot in the door of yet another hospital.
Also teaching hospitals are ideal for spreading the word, via those going out into the medical world.
This share is like a bolder stuck on a hill, very hard to move, but once it starts to roll, try stopping it.

greekman do you know how many probes are used per operation, I recollect each probe costs 60 to the end user, so how much profit per probe for DEMG any ideas. Thanks
2517

Hi George,

According to Deltex Corporate ( spoke to a very helpful lady ) it's 1 per operation.

She also informed me there are 3 different probes.

A 6 hour probe for short operations.
A 12 hour probe for longer ops.
A 10 day probe for ICU.

From the latest NHS figures, they carry out 7 million operations per year, so with ICU probes the profit per year could be substantial and thats just probes for the NHS.
So with the whole world as there potential customer, the profit from monitors and probes looks nice and juicy.

As a foot note.

I contact several companies per year re my shares and can say that very few are as forthcoming and as helpful as the lady I spoke to.

Thanks greekman, according to shares mag yesterday there are in excess of 1250 Cardio Q units in use in hospitals worldwide, and I just wondered how many probes were used because they generate profit for the co. Like you say the potential is substantial, and small contract wins such as Iraq and Berlin recently all help to spread the word. I contacted Andy Hill last year and was impressed myself, so I think the co does it's best to keep investors informed.
2517

Cheers for that,

With no competition, if Deltex expand to full extent, ie today GB, Europe, tomorrow the world, (OK perhaps getting carried away), but I wonder how many ops world wide are carried out per year. Things definitely on the move, even if it's not yet the sp.
The saying....When the sleeping giant awakes, could be apt re this share price.

Makes a nice change to see recent developments are a step in the right direction. Will be interesting to see how these translate to the profit and loss account. I fear it will take Deltex to at least breakeven with a minimal gearing before the markets wake up. at the moment yes this is a potential giant with a rather nasty bug that requires fixing first!!

Re the RNS placing and offer.

Don't mind raising of extra cash if it's for good reasons, and this appears to be so in this case.
The amount to be raised is low and will increase shares in issue by about 2.4%, which wont by itself make much difference to the sp.
Also the pricing is same as yesterdays close which leads me to believe they expect the sp to gain prior to the dealing date of the 21st. Not often the offer price is same of current sp.
I except that an open offer would not be practical for Deltex due to the said small amount of shares involved.
Deltex appear to be keeping ahead of the game.
Better to for-see potential future problems before they arise, IE personal use of the probes.
Let's hope the market agree with my views.

RNS....Very good news. This will completely open up the US market (roll on the 60 days). It will enable the CardioQ to be promoted with a no cash loss per unit by medical establishments in the USA, not to mention the cash saving benefits from the shorter hospital stays, less deaths and the fewer re admissions.
No wonder Deltex required the recent cash raising.

I expect the sp to creep northward for the next few weeks, then if the decision goes the way it looks, this must start to fly.

As regular followers of this thread know, I don't often allow my enthusiasm to show through, (re my comment " this must start to fly) but I feel this is a very important mile stone.

If all goes well re the reimbursement, I think that a 100% sp increase is easily attainable within 12 months.

IMHO of course

This is absolutely fantastic news.

There must be some major U.S. orders in the pipeline. U.S. hospitals know what this means and will now be more keen to buy. The U.S. Veterans Association has already been using the CardioQ, so this may prompt them to buy more.