Fokisi
25 Jan 2018
Confirming details of Offer to existing shareholders Existing have privilege to purchase for 1.25p per shareCorrect?
RAConnell
25 Jan 2018
Re: Please sir can I have some more. Profit margins on monitors and probes? Introductory offers?You have the answers?Cheers, RAC
busted boomer
25 Jan 2018
Re: Please sir can I have some more. Pond/RACGreat questions and mega-prizes for spotting the conspiracy... unless you, er, read the report and accounts. That's where the devious sods hide all the answers to these mysteries with, er, admirable transparencyGet a grip lads, get a gripBB
RAConnell
25 Jan 2018
Re: Please sir can I have some more. pond1,DEMG's sales strategy is a range of "known unknowns". With each price fall we get a RNS on some new hospital trial. But what sweeteners does DEMG apply?e.g. free monitors? free probes? cut prices related to volume sales? free/subsidised training. Moreover, what has caused the flurry of trading relative to normal? Who are the traders doing such frequent buying and selling? DEMG's financial and marketing policies are opaque to say the least. It's all a mystery.Cheers, RAC
busted boomer
25 Jan 2018
Re: Please sir can I have some more. FokisiHow many shares do you own? How many have you ever owned? Have you ever owned any?I've got quite a lot and wish I didn't have as many due to current losses. But I am going to buy some more in this 'offer', probably quite a lot more. Why? Because, with cash in the bank, there is no way this business isn't today worth at least 2 or 3 times sales. If I can buy shares, which I can, with EIS, which I can, I can't see how my new investment won't triple or more pretty fast with potential to do a lot better. Suspect this is what the people putting up £1,750,000 think too so better to get even than get dilutedSo, glad to hear the doomsayers are out as all the more for meGood luck to allBB
pond1
24 Jan 2018
Re: Please sir can I have some more. Does anyone know what profit margin the company is on for either their monitors or/and their different type of probes. They never tell us and it is possible because of their business model(presumably they have one) they they don't even know.It appears that whenever they gain a contract, the begging bowl quickly follows accompanies by the promise that they have turned the corner to profitability.You say, existing shareholders still wish to provide further funding?I wish I could get it, but I don't.Neither do I.
Fokisi
24 Jan 2018
Re: Please sir can I have some more. "On the other hand we all knew this was coming which is one reason why the share price has been so weak. This should clear that overhang and provide a base on which to build"I suggest share price has been falling because: Falling sales revenueCosts exceed income in cash termsCash Reserves (from proceeds of multiple share issues) have been spentAnd existing shareholders still wish to provide further funding?I wish I could get it, but I don't
jaxonsax
24 Jan 2018
Re: Please sir can I have some more. I agree. Not sure what to make of the issue.At the max it raises £2.1m which even at previous burn rates (which we are told will reduce due to better cost control) it would last 2-3 years so why raise so much? or is the line 'to strengthen the balance sheet' mean they are going to repay some debt? or lenders have pressed them to raise equity in order to maintain existing borrowings?It represents around 54% of the existing capital so unless we participate in the Offer existing holders get significant dilution.I hope the Board have some very tight reins on EP or with £2m in the bank he will be like a kid in a sweet shop if past experience is anything to go by.On the other hand we all knew this was coming which is one reason why the share price has been so weak. This should clear that overhang and provide a base on which to build.Hopefully the Circular might tell us more today but i doubt it.
RAConnell
23 Jan 2018
Re: EP strikes again Surely not insider trading? Perish the the thought. An odour-free deal? Maybe management can explain openly and clearly what is really going on?Cheers, RAC
Fokisi
23 Jan 2018
Re: EP strikes again "certain other investors proposing to invest £685,000 in the company by way of a subscription at the issue price."Any ideas who these "certain other investors" might be, & just what is it that they know?
Fokisi
23 Jan 2018
EP strikes again [link] in haemodynamic management firm Deltex Medical Group fell as much as 12% during early trading on Tuesday morning after the group announced its intention to undertake a £1m equity placing.Deltex revealed that the almost-£1.1m accelerated bookbuild would be launched at a minimum price of 1.25p, with certain other investors proposing to invest £685,000 in the company by way of a subscription at the issue price.The company intended to provide all qualifying participants with the opportunity to subscribe for new ordinary shares at the issue price in order to raise up £350,000 before expenses with Deltex planning to use the proceeds of the placing and subscription to strengthen its balance sheet, as well as being put aside for general capital purposes.Separately, the holders of loan notes issued by the company in 2016 agreed to defer the redemption date of 26 February 2019 for a further two years and as a result, the company agreed to reduce the conversion price from 6p to 4p to reflect the dilutive effect of the capital raisings, increasing the maximum number of ordinary shares to be issued under the loan notes from 18.75m to 27.5m.After having reduced its cash consumption in 2017 by £1m from £2.3m in 2016 thanks to margin improvements and overhead reductions, Deltex hoped to become operating cash positive through a combination of cost reductions and revenue growth.As of 0920 GMT, shares had slipped 9.84% to 1.40p.
RAConnell
23 Jan 2018
Re: Please sir can I have some more. All very odd. Last results RNS showed poor performance. Price collapsing. New hospital account announced. Flurry of exceptional share trading. Price supported. Another share issue announced after supposed control of expenditures to imply self-supporting.Something smells?Cheers, RAC
Fokisi
23 Jan 2018
Re: Please sir can I have some more. "... anyone explain why people are buying at prices over 1.25p"Last period reported a reduction in sales revenueCash negative trading, with no/little cash resources remaining Current exec strongly entrenched, with a long track record of issuing sharesQuite possibly a good productI can't explain why there remain any buyers, sorry
Fokisi
23 Jan 2018
Further funding sought from shareholders Apologises, where I can see this general meeting resolution to propose further funding?
pond1
23 Jan 2018
Re: Please sir can I have some more. If Deltex owned a wall and 'Banksy' wrote on it would easily double the value of the company
