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Nobody has any idea but looking at it you would have thought filling an order inside market size would be easy. I rekon they are running as tight as they dare. Look at crazy spreads on low volume a bloody disgrace. The MM are happy to run out of shares just open spread discourage trade for small while when they catch up narrow it again. I saw a ft100 company with a 20% spread last week unheard of??? AiMo of course.
Bloody phone should read market size
Funny that I just bought a different share and it took 4 hrs to fill on limit buy. I think the MM have offloaded their whole book including float. I was refused quote insidet size very naughty.
98 times I hit the requote icon before I got a deal.Just shows you what a sad existence I've got that I actually bothered to count.Good grief.
And don’t forget with the world increasing spending on health and LID offering a superior product that saves costs over competitors, politically do you think that spending will be pulled back right after cv19? That would be electoral suicide, na vfm and consolidation will be the order of the day and lid will be bought. All imo.
Trek
There are sales to RoW but less than main markets US, China and UK.
“The 19% growth in FY20 LiDCO product sales reflects growth in all regions compared with the prior year. LiDCO product sales grew by 28% in the USA to £1.8m (FY19: £1.4m), by 1% in the UK to £3.6m (FY19: £3.6m) and sales outside of the Company's direct markets were up 60% to £2.0m (FY19: £1.3m). The significant growth outside the UK included £0.4m growth in China from the launch of the new monitor and, as a result sales outside the UK now represent just over half (FY19: 43%) of LiDCO product sales.”
Re a raise, never say never but I have been through RNS’s back to April 14 and no placings. They are ebit positive have recurring revenues from monitors, directors have skin in this and looking at the last corporate presentation on the website they dedicate a couple of slides to M&A and how companies in the sector go for 4-7x revenues.
Don’t expect this to ten bag but it is a great growth story as a standalone business and should get a boost from cv19 particularly from US sales and a loosening of healthcare purse strings.
If you are looking for cv19 stocks I would recommend YGEN yet to move and SNG with a potential blockbuster treatment. I would not buy TILS, competitive space and coming from behind, TEK shell, funding always an issue and would just trade NCYT as a quicker test is about to be released From PHE. All imo...
Alternative there’s, Sutton Seeds, Baking trays, yeast, table tennis tables and jigsaw puzzles all pretty much sold out!
Trek
Question for Kiwi:
Why hasn't LIDco sold additional ICU units to the Italian healthcare system, or to France, or to Spain? If they had, surely they would have announced it already.
BRIEF-Lidco Sells More Monitors To Hospitals In Wuhan Due To Covid-19
1 Min Read
March 9 (Reuters) - Lidco Group PLC:
* LIDCO GROUP PLC - INCREASED CHINA SALES DEMAND DUE TO COVID-19
* LIDCO- BEIJING GLORYWAY MEDICAL RECENTLY SOLD SMALL NUMBER OF MONITORS IN WUHAN, CHINA AS A DIRECT RESPONSE TO COVID-19 VIRUS OUTBREAK
* LIDCO - IN TALKS WITH HEALTHCARE INSTITUTIONS IN NUMBER OF AFFECTED AREAS, PREPARED TO BE FLEXIBLE TO MEET ANY SHORTTERM INCREASED MONITORING NEEDS Source text for Eikon: