Another CoronaVirus share LID Lidco, don't forget to diverify!5 Apr 2020 16:19
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%