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

I have sent the following e-mail to my local CCG.

I post the relavent section.

I wish for the following question to be answered at the next public meeting of the HullCCG.

What does the HullCCG know of their provider's (Hospital Trust's) plans for implementing IOFM in full and at pace and scale as per Innovation Health and Wealth, in accordance with the NICE recommendations and the methodology set out in the Intraoperative Fluid Management Technologies Adoption Pack, (commissioned by NHS England from the National Technology Adoption Centre. (NTAC,) now incorporated within NICE).

Nice have instructed all NHS Trusts to fully implement the CardioQ IOFM, due to this system having proven beyond doubt (over 80 test and trial papers) that it saves lives, suffering and MONEY.

I then added several links re the CardioQ and NICE.

I have just received the following reply.

Thank you for your email.

There currently isn’t any provision within CCG Board meetings for questions from members of the public, however, your enquiry has been passed to the Director of Commissioning & Partnerships for her consideration and response.

Once the reply has been received I will forward this to yourself.

Whilst I appreciate the reply and the mention that my question has been passed to the Director of Commssioning, my e-mail clearly states that I wish the question to be asked at the next CCG Public meeting.
Nowhere have I mentioned a CCG Board meeting.

It looks like the CCG are like most other department connected to the NHS.

'They just don't get anything right.

Note............I have sent a further e-mail correcting them.

I also suggest we all consider e-mailing our local CCG's, after all that can't be classed as 'too aggresive surely!

Todays RNS,

This means that doctors using ODM (in the USA) will be paid $101 in additional remuneration per CMS patient.

Thats quite a nice pay rise for doctors, so this has to have an effect on CardioQ use, but without further evidence of contracts, will this effect the sp.

Not a moan, just an observation!

I hope very much that I am wrong, but as Deltex have not put a RNS out of a contract of any sort since the final results last March I am looking to tomorrow with trepidation.

In fact when did they put a RNS out re a contract.

I appreciate we do not wish for a RNS for any minor increase in sales, but any decent SP effecting contract would have required a RNS.

I feel there will be the same steady as she goes, watching paint dry increases to sales and this is something we should be well passed at this stage of the Deltex's story.

I accept there have been the usual progress and trial result RNS's, but without decent sales they do not count for much.

No doubt there will be some posters looking at this post as de-ramping, but I would not have waited for the markets to close if that was my intention.

No matter what, unless the figures are 'very bad', which I doubt, I am now in for the long term as my holding is almost a token gesture so if the results are poor I won't suffer too much.

Not long now to prove me right or wrong!

Tick Tock, Tick Tock,

It is now 30 months (March 2011) since the National Institute for Health & Clinical Excellence ('NICE') recommended that CardioQ-ODM be considered for use in patients undergoing major and high risk surgery and in high risk patients undergoing intermediate risk surgery.

This says a lot, 'Probe sales in the first quarter were flat against a strong comparator in 2012 which saw growth of over 60% after a small number of bulk orders'.

That only shows that the slow uptake in 2012 has got even slower.

They then say, 'To enable the NHS to meet its innovation agenda most effectively, we have made proposals to the Department of Health and NHS with respect to a large bulk order of monitors: we anticipate a decision in the second half of 2013', good idea, but I won't hold my breath.

Deltex analysts told us that they expected the company to be in proit by end 2013.

At this rate they are not going to make it!

A couple of months ago in answer to an e-mail sent to Ewan Phillips part of the reply was this statement, 'You will be reassured to know that being more aggressive on the PA/PR front is an option that is on the table'.

I just hope that it is now 'off the table' and in action!

I want Deltex to stop knocking gently on doors (being ignored like door to door salesmen) and start banging the drum a lot more!

Gently, gently, might catchy monkey, but who wan'ts a bloody monkey.

I know we already know this and yes it is yet another posative news item for Deltex, but articles such as this have to be good.

Deltex is mentioned about half way through the article.

http://www.generalsurgerynews.com/ViewArticle.aspx?d=In%2Bthe%2BNews&d_id=69&i=October+2013&i_id=999&a_id=24131

Now into the last quarter of 2013 and still no contract news.

I wonder if we will hear of such before year end.

I hope so, as if not it will be another year of missed opportunities.

With the investors event tomorrow, if they intent to release anything sp effecting, they will have to release it pre event opening.

I know they are progressing, but it's so slow, it's painful.

I've had these shares for over eight years.
That's a lot of dosh tied up for a long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long, long time.

Hi Arf,

I have had these shares at least one more 'long' than you.

They say patience is a vertue, it bloody has to be with this company.

Like watching paint dry, but not as exciting.

From the RNS of 24/12/12.

On 24/12/12 the NHS set out it's minimum requirements for Intra-Operative Fluid Management.

As we all know there were cash incentives to NHS Trusts if they had everything geared up by 31st march 2013 by having put measures in place to meet the criteria set out in order to qualify for the release of any 2013/14 CQUIN funding.

So with all the advantages, such as lower death rates, lower re-admissions, less in patient days, less suffering coupled with a now cash incentive, we still see little movement in the UK.

We now know that expectations in the US are 2 to 2.5 years and not much moving anywhere else, although we do have comments re Spain perhaps starting to push things, but we have had such promising news so many times.

So it does bare the question re further funding not just or more trainers and hopefully possible increase in production sales costs, but for the general running of the company.

I won't go over old ground re Deltex going it alone but I would like to see more fire in the belly of management.

In a reply from Ewan a few months ago re my comments regarding a far more aggressive approach to NHS none take up IE leaks to the media, the reply was that such an approach was being considered (aggressive but no leaks to the media).

I have see little of this approach, but with the NHS Trusts still sitting around all day either overseeing more and more hospital foul-ups or moving papers from one pending tray to the other, I can't see how a very aggressive approach could make things worse.

For me, if something ground breaking does not appear before year end, I am out as I have been caught too many times in the past allowing heart to rule head, a dangerous game indeed.

Organised in partnership with Cenkos Securities and Shares magazine, the second Innovators & Investors Forum will take place on 4th February 2014 at the Business Design Centre, London N1.

The event aims to showcase up to 40 leading innovative and imaginative technology-led firms and to bring them together with the investment community. It combines both a company expo and an educational conference where delegates learn about a range of investment opportunities.

REGISTER NOW

Why attend?

This event gives you a platform to meet under one roof up to 40 technology-led companies, hear their messages during presentation seminars and engage in discussions with them on their stands.

The event is supported with an extensive conference program, including keynote speakers and company presentations.



Companies already confirmed for the 4th February 2014 include:

Allocate Software
Angle
Avanti Communications
Bango
Bond International Software
Brady
Cenkos Securities
CML Microsystems
Deltex Medical
Earthport
Eleco
Enables IT
Escher Group Holdings
Filtronic
Forbidden Technologies
Globo
Imperial Innovations
incadea
InternetQ
ITM Power
KBC Advanced Technologies
Kromek Group
Optimal Payments
Plastics Capital
Quindell
Regenersis
Rightster
StatPro
Transense Technologies


CONFERENCE AGENDA

The following session is dedicated to a mix of institutional investor and private investors.

11:40 Company presentation - Colin Miles, VP, Corporate Relations - InternetQ

11:55 Company presentation - Hank Uberoi, CEO - Earthport

12:10 Company presentation - Quindell

12:25 Company presentation - Dr Nigel Pitchford, Chief Investment Officer - Imperial Innovations

12:40 Lunch

The afternoon sessions are dedicated to private investors.

14:00 Keynote address - Richard Penny, Senior Fund Manager - Legal and General UK Alpha Trust

14:15 Russ Mould, Editor - Shares Magazine

14:30 Company presentation - Kromek Group

14:45 Company presentation - Joel Leonoff, President & CEO - Optimal Payments

15:00 Company presentation

15:15 Company presentation - Charlie Muirhead, CEO and Founder - Rightster

15:30 Company presentation - Caroline Brown, Executive Director & CFO - KBC Advanced Technologies

15:45 Coffee

16:15 Company presentation - Andrew Fabian, Group Finance Director - StatPro

16:30 Company presentation

16:45 Company presentation

17:00 Company presentation - Jonathan O’Connell, CFO - Escher Group Holdings

17:15 Company presentation - ITM Power

17:30 Close

The exhibition will be open from 10:45 to 17:30.

Coffee / lunch will be served within the exhibition.


This agenda is subject to change and alterations. More companies to be announced soon.

REGISTER NOW

The exhibition will be open from 10:45 to 17:30.

Coffee / lunch will be served within the exhibition.



This agenda is subject to change and alterations. More companies to be announced soon.



EXHIBITION

The exhibition will be open from 10:45 to 17:30.

Coffee / lunch will be served within the exhibition.



Dress code: business attire




VENUE
Business Design Centre
52 Upper Street
Islington
London N1 0QH

http://www.businessdesigncentre.co.uk/

Access map: http://www.businessdesigncentre.co.uk/VisitingUs

Closest tube station: Angel (3 min. walk) - Northern Line





SPONSOR


Cenkos Securities is an independent specialist securities firm focused on UK small and mid-cap companies.
We aim to be entrepreneurial, whilst seeking to establish long-term relationships with corporate and institutional clients.
Our directors and partners have on average more than 25 years' experience in the UK securities market. They have pioneered and led some of the most successful and innovative transactions in the UK securities market over the last decades.

REGISTER NOW

Haven't posted for a while, but I have a question re todays RNS.

If Deltex are to sell an alternative system to their own they will have to answer questions as to how their own system compares, surely any increase of the USCOM1A in the UK will mean less sales of the CardioQ.
Also what message does his send to potential CardioQ customers, does is say that Deltex lack confidence in the CardioQ.

How can pushing a competitors product be good for the sales of your own product.
I appreciate there is a reciprocal agreement, but does anyone else read this as desperation on the part of Deltex.

Not trying to 'have a go' as I have been accused of in the past, but would appreciate opinions.

Sorry, wrong thread.

RNS.

Joint broker must mean they are looking to release a few contracts or similar good news as if not a joint broker will be a waste of money.

Come on Deltex give us some news worth putting out, although I appreciate as per the rules any broker news has to be released.

No mattter how people argue the pro's and con's of Deltex,the sp is now at it's lowest for 3 years and only a couple of pence higher than it's 10 low.

Whilst appreciating that sales have steadily increased over the last couple of years with accelerated growth over the last 12 months something earth shattering has to happen, otherwise the sp will soon be into single figures.

RNS.

The extended agreement with NHS Supply Chain has to be the way to go.

Let others push sales, whilst Deltex concentrate on their products.

Third party sales can often push more firmly than a direct line pitch.

well, yes. But NHS is in cost-cutting mood, so I guess they call the price.

It would be nice if the sp rose every year - this time 2013 was 3p up ( that's nearly 25%), and the same story the year before....
I hear Execs saying "All is good", but the Market isn't listening...

On the whole all is looking good, although it is relying on more promises of things to come, but I suppose that is the way of the beast.

The only possible negative part that rouses my suspicious mind is 'The NHS has ended its 2013 plan to make compliance with high impact innovations a pre-qualification criterion for CQUIN payments and moved towards embedding adoption of IOFM into the NHS standard contract. It will take time for the new approach to roll-out across the NHS but we believe it will help to underpin continuing growth momentum towards the end of this year and into 2015.'

This to me shows the lack of teeth that the NICE have as it appears that if NHS Trusts do not go along with the rules, then plan B comes into play.
This is fine as long as the same lack of co-operation from the Trusts regarding plan A does not carry over to plan B.

But on summing up the RNS, it does look as if the small holding I have left will make me a few quid, although I expect this to take at least another couple of years.

Petition to stop short selling.

Well worth a read.

http://epetitions.direct.gov.uk/petitions/62851

RNS,

Often placings/offers are not a good sign, but looking at the reasons for this cash call I for one will be taking up the offer.

Whilst only now holding a token amount of shares, at 11p I feel that it is a reasonable offer, this of course depends on the actions of the sp between now and the offer.

I do of course appreciate that the extra shares will dilute any value of holdings to around the 11p level.

Also this has to be the final cash all, as I doubt that any further such calls will be accepted.

After receiving my letter re the offer this morning I have changed my mind from my previous post, due to the latest date of receipt being the 4th of June, so with the weekend, to be sure of receipt I will have to send off acceptance by Sat at the latest.

The question is, with the sp now at 11.00p bid and 11.25p offer (I can buy at 11.10p) do I chance it, wait and see if the sp drops even lower or not bother at all.

When the offer came out mid price was 11.60p, dropping from 13.78p the day before (news obviously leaked).

Just looking at facts, I doubt if I will bother, as if the offer price is as poor a bargain as it is starting to look at a drop today of .25p, the sp after the 4th could drop even further.

Not an easy decision, as although I believe the reasons behind the offer are genuine and solid, if I can buy at lower than 11p in the near future, waiting looks the best bet.