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Placing approved....make the most of these cheap placing shares opportunity this time over the next 2 days
...the products we have, client base and the fact royalties will appear..this wont be this level for long...plus covid 19 training systems already in place in New York and across UK..
Placing is also for neonate scanning.. so another huge field MED are moving into...
Yep. next 2 days if approved...8% of total shares at 10.5p . Im not expecting any rise until next week
It won’t move as placing shares hit this week don’t they?
We have a tick up.. General meeting should be now for the 5.2 million research fund....placing price 10.5p.. wont be around that area for long though with the products and clients Intelligent Ultrasound have
Worth watching the youtube clip. Medical training via our training simulation set up. Currently also updated with Covid scans.
https://www.youtube.com/watch?v=MWuAVUKV29k
· Placing to raise £5.2 million through the conditional issue of 49,400,000 Placing Shares to new and existing institutional and other investors at 10.5 pence per Placing Share
· The Placing Price equates to a 8.7 per cent. discount to the closing mid-market price of 11.5 pence on 16 April 2020 and a 1.7 per cent. discount to the 20 day volume weighted average share price of 10.7 pence per Ordinary Share for the 20 trading days prior to the announcement of the proposed Placing
· Placing Shares represent 18.3 per cent. of the Enlarged Share Capital
Use of proceeds
The net proceeds of the Placing of £4.8 million will be used by the Company for the following purposes:
· to complete the initial development work on the next ScanNav products that include liver, prostate and COVID-19 variants;
· to develop a new neonate simulator; and
· to strengthen the balance sheet and for general working capital purposes.
This should be the last time this share is this low after placing is announced today...simulators already in use for Covid 19 and were shown on the Ross Kemp NHS frontline show...they are amazing and allow surgeons and doctors to train using simulation dummies linked to ultrascanning equipment...too low SP for a company making profits yearly and has a worldwide customer base...options taken by director recently big buy sign
Rocker...agree this will have a breakout but the placement shares of 11p coming next month will cause a slight drop first...once done then funded for more research and royalties on the horizon ...it will then rocket for sure
these beauties will be around 25p next week just wait and see
A huge buy here imo. I had saw a tv interview with a hospital using ai for covid ..will try find link.atb stay safe.
Yes Cashfornuthin...still have some...wait for placement discount and continue to add this year...2021 revenues and royalties to come here and should turn the company around...last chance for cheap entry coming on placement imo
Bffm....you still here ? Big rns friday late on...atb
Use of proceeds
The net proceeds of the Placing of £4.8 million will be used by the Company for the following purposes:
· to complete the initial development work on the next ScanNav products that include liver, prostate and COVID-19 variants;
This is what I like- Year-end cash plus investments (short term deposits), at £7.3m (2018: cash of £5.6m) and no debt.
Current cash of £6.2m Signed marketing partnership with Fujifilm SonoSite, Inc. in North America for ultrasound training and services....Revenue increased year on year and licensing deals to come from hospitals all over globe....far too undervalued
Buys back again this morning...looks like ready for another move upwards....especially after a hefty buy on Friday....tightly held and should move soon
LID Lidco remains well below the Covid19 radar. Just try searching for #LID or #LIDCO on Twitter and you will only find news articles from the company and no posts from investors. Lidco recently were requested to increase supply to Wuhan as can be seen in this link:
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:
https://www.reuters.com/article/brief-lidco-sells-more-monitors-to-hospi/brief-lidco-sells-more-monitors-to-hospitals-in-wuhan-due-to-covid-19-idUSFWN2B20B6
Whilst this just appeared on their website:
A message to the healthcare providers we supportaround the world,We know that with the complex and ever-changing COVID-19 outbreak, you are concerned about protecting the health of your patients and your employees. We too recognise our responsibility as a medical device manufacturer to support the medical community. We are prioritising our activities so that you can feel confident in our ability to support you during this situation. Our operations teams have been working additional hours including the weekends to maintain continuity of supply and service. Our customer service teams are able, if it becomes necessary, to work remotely to support your requests. We are also working closely with government agencies and couriers to monitor the situation and make contingency plans to ensure we can deliver products. We have taken steps to ensure that our employees understand and follow preventative measures recommended by local health authorities and the World Health Organization (WHO). We have implemented employee travel restrictions and postponed events. However, our representatives and clinical teams are here for you and want to help you in whatever capacity you need.Finally, thank you for your efforts at this challenging time -You are all heroes to us!The LiDCO Team
http://www.lidco.com/wp-content/uploads/2020/03/COVID-19.pdf
Just look at the major shareholders, Credit Suisse is on the list. Plenty of cash in the Bank with a 20% increase last year alone and clearly there is high demand for their product
Shareholders
Name Equities %
Alto Invest SA 24,387,442 9.99%
Ingalls & Snyder LLC 17,125,579 7.01%
Joe Leitch 16,806,183 6.88%
Herald Investment Management Ltd. 16,666,667 6.83%
Paul Brewer 15,884,747 6.51%
Hargreaves Lansdown Stockbrokers Ltd. 14,108,000 5.78%
James Lawrence Ede-Golightly 12,300,000 5.04%
Credit Suisse Asset Management Ltd. 11,829,000 4.84%
Robert Greenshields 8,899,550 3.64%
Terence K. O'Brien 8,251,563 3.38%
Cash rich...year on year growth and training systems around the world for those wondering or new here...their AI systems help train doctors and surgeons and many hospitals now use their systems...stock always tightly held here and moves rapidly from its lows...undervalued still imo
https://www.ipgroupplc.com/media/portfolio-news/2020/2020-04-03
For those interested, Lid LIDCO pre news shake by the looks of it, drop on no volume. They are providers of ventilators to the NHS for Covid 19, was 10p a couple of days ago. Profit making with a Zak Mir target of 13p. Hardly any freefloat
324k shares...think delayed buy as has been NT to buy any for a while...
324k shares is that a buy ?
Yep..every single trade moves this one...has reached 30p plus in the past on momentum alone
possible bagger here looking at that rns
looking good & good lung tech most useful also university hospital ,,
NT to buy anything...enough said