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Just did some further research, solid little company that hasn't had much publicity, looks like Lombard were exiting hence the range - but £5.25m worth of NHS ventilator orders will do it a world of good at only £27m mcap - should at the very least double now that the momentum and blackswan event is here IMO
An important RNS that's not on LSE but found on the company website dated 20/2/19 - double digit revenue growth circa 18m and 2m EBITDA, CEO and commercial director hold 20% between them, the rest II's and other large holders, very low freefloat
Recently placed to fund an acquisition, of which directors took part at 59.5p
Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce a trading update for the year ended 31 January 2020. The Company has performed ahead of expectations and anticipates reporting a 15% increase in Group revenue over the prior financial year to approximately £17.8m, including revenue from the recently acquired Viomedex business, or growth of 12% on a like for like basis. EBITDA1 is expected to be between the range of £2.0 to £2.1m, representing growth of more than 20% over the previous financial year.
Strong balance sheet and net asset position, cashed up, no debt and no warrants as far as I'm aware
They operate at around 50% margins and have a global as well as domestic arm - so it should roughly be another 2.5m straight to the bottom line, you'd imagine there'd be many other requests globally at this point in time
All IMO
DYOR
this does seem like the next novatit
almost certain they're flushed out now....they're a solid growing business even without COVID 19, another black swan event
29m mcap
Got in at NCYT at 47p, convinced of something similar here, with half the amount of shares in issue
DYOR all IMO
Read through this board last night and put in a limit order for today which was filled at 70p.
Some good digging from some of you here. Thanks for the work :)
Weather
HSBC said on Monday that it would offer companies working on the project fast-track loan applications, cheaper interest rates and extended repayment terms to support the unprecedented demand on UK hospitals.
The DHSC had been weighing up whether manufacturers could come up with new designs, issuing specifications for a “minimally acceptable” rapidly manufactured ventilator system (RMVS).
Its specifications included:
Ventilators must be reliable and able to keep working 100% of the time for at least 14 days.
They should be small and light enough to fix to a hospital bed, but robust enough to survive falling from bed to floor.
The machines must be able to provide both mandatory ventilation – breathing on behalf of the patient – as well as a pressure support mode that assists those who can breathe independently to some extent.
The machine should be able to sense when a patient stops breathing and switch from the assisted breathing mode to a mandatory setting.
Ventilators will have to connect to hospital gas supplies and will also need at least 20 minutes of backup battery in case of mains power failure. The batteries should be swappable in case of a longer outage, or a patient transfer that could last two hours.
Buried at the end of the government’s specification document is a warning that requiring backup batteries will mean 30,000 large batteries being sourced quickly. The government admits it will “need the advice of an electronic engineer with military/resource-limited experience before specifying anything here. It needs to be got right first time.”
All of the ventilator’s parts need to be detachable so they can be disinfected manually.
They must also be fitted with an alarm that alerts medical staff in case of a fault or some other interruption or inadequacy of oxygen supply.
Doctors must be able to monitor the ventilator’s performance, for instance the oxygen percentage it is providing, via clear displays.
Operating the machine must be intuitive, requiring no more than 30 minutes of training for a medical professional who already has some ventilator experience. Some of the instructions should also be included on the external labelling.
Specifications include the ability to support a range of 10 to 30 breaths per minute, rising in increments of two, with the settings adjustable by medical professionals. They should also be able to change the ratio of the length of time for inhalations to exhalations.
The document includes a minimum for the amount of oxygen the ventilator should be able to pump into a patient’s lungs. Tidal volume – the amount of air someone inhales during a normal breath – is typically about six or seven millilitres per kilogram of body weight, or about 500ml for someone weighing 80kg (12 stone 8lb). The minimum requirement for a RMVS is a single setting of 450. Ideally, it could move on a spectrum between 250 and 800 in increments of 50, or be set to a ml/kg setting.
The average proportion of oxygen in the air i
press landing ventilator news big time
The government has chosen the medical ventilators it believes can be rapidly produced to equip the NHS with 30,000 machines needed to cope with an upsurge in Covid-19 patients.
Amid concern that the 8,175 devices available will not be sufficient, manufacturing giants have been looking at designing a model that could be mass-produced, based on criteria issued by the Department for Health and Social Care (DHSC).
But sources familiar with the discussions said the government has opted for existing designs and could harness the power of UK industry to scale up production massively.
Smiths Group already makes one of the designs, its portable “paraPac” ventilator, at its Luton site, and said it was in discussions with the government to help make 5,000 ventilators in the next two weeks.
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Andrew Reynolds Smith, chief executive, said: “During this time of national and global crisis, it is our duty to assist in the efforts being made to tackle this devastating pandemic, and I have been inspired by the hard work undertaken by our employees to achieve this aim.
“We are doing everything possible to substantially increase production of our ventilators at our Luton site and worldwide. Alongside this, we are at the centre of the UK consortium working to set up further sites to materially increase the numbers available to the NHS and to other countries impacted by this crisis.”
Oxfordshire-based Penlon is the designer of the other ventilator, according to the Financial Times. Penlon’s product chief has previously warned that asking non-specialist manufacturers to make ventilators would be “unrealistic” and the company has said its own Nuffield 200 Anaesthetic Ventilator presented a “quick and simple” solution.
In an effort that some have likened to British industry’s role in making Spitfires during the second world war, manufacturers such as Airbus and Nissan are expected to lend support by offering to 3D-print parts or assemble machines themselves.
My 11.46 is Incorrect,Apologies screen flashed up wrong rns
JEEZ , Is that ANOTHER £4m order bringing total for last 4 working days to £near on £10M,I???
Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to provide this update to its announcement of 16 March 2020 of a large order for ventilation equipment. The company continues to work proactively with the Dept of Health and Social Care in dealing with the Covid-19 (Coronavirus) situation in the UK. The company has now received further orders from UK National Health Service for the immediate supply of medical equipment and ventilators with a combined total value of over £4million and is working with suppliers from various countries to expedite delivery as soon as possible.
Game on !
you'd imagine there be an RNS of some sort on the consortium too, not sure how they'd work but at the very least some profit share/royalty fees if they're standardising a ventilator
I can by quite easily
my only concern is why did Odier sell?
hope no placing coming to help get the ventilators made
yup... 600k shares as of yesterday looks really close now
Draft mate we know who's selling
Lombard Odier had 2,544,088 left on 20/02
Premier Miton also increased on the same day
With the volume over the past few days they are on the dregs
Which Thicko is selling. This is time to hold cuz the ventilator need is huge globally
Inspiration Healthcare Group plc (AIM:IHC), the global medical technology company, is pleased to announce that it has today entered into a conditional agreement to acquire the entire issued share capital of Vio Holdings Limited, the holding company of VIOMEDEX Limited ("VIOMEDEX"), for an aggregate consideration of £4.0 million on a cash free debt free basis (the "Acquisition").
VIOMEDEX, designs, manufactures and supplies single use respiratory products and sterile medical consumables, principally for the respiratory care market. VIOMEDEX is the wholly owned trading subsidiary of Vio Holdings Ltd, which is being acquired by Inspiration Healthcare. VIOMEDEX's products are sold across the world through a distribution network built over the last 40 years. Of their OEM partners, Inspiration Healthcare is their biggest, accounting for more than 60 per cent. of total turnover. Based on unaudited proforma financial statements for the year ended 31 March 2019, VIOMEDEX generated EBITDA of £0.7 million from revenues of £2.5 million.
Should IMO be nearer to £1.50-£2 without consideration of further contracts
See my notes from last night
DYOR
In for 5k here. Fingers crossed,
ignificant Shareholders
Ordinary Shares
%
Premier Miton Group plc
7,402,892
19.3
Neil Campbell
4,536,271
11.8
Simon Motley
4,423,260
11.5
Lombard Odier Managers Group plc
2,544,088
6.6
Toby Foster
3,899,907
10.2
BGF Investment Management Limited
2,868,000
7.5
Malcolm Oxley
2,536,271
6.6
Dion Steward
1,675,000
4.4
Graham Walls
1,558,934
4.1
Last updated 20th February 2020
Percentage of shares not in public hands 60.2%
this could fly up from here and fast
Percentage of shares not in public hands 60.2%
Almost 30% of mcap is the new ventilator orders
Now in, steady rise from here will do nicely.
Is Penlon owned by BPL in India?
Yes it is.
Is Penlon owned by BPL in India?
C.