LiDCO said made good progress during the year. The company said it has increased the number of monitors in the market, grown its sales of high margin surgery disposables, increased its gross margin, maintained profitability and is now debt free. The company has increased its market share of surgery disposables in the UK and is well positioned for growth in 2015.
looked at the chart ~ doesn't look like there's been good progress,it's been a year long drop?
read up a bit about the company and thought I'd have a look at the BB !!!
There's dust everywhere - no PI interest here any more?
Was this shorted all the way down? One to avoid? Anyone.
* OFF TOPIC but important that all AIM investors understand the pitfalls of investing in stocks that are being shorted down to rock-bottom levels? So you think that is 'cute', now you can buy at the lowest sp for months.........you've gotta be kidding...read on:-
UPdate...epitition (closes 24th September 2014, so still plenty of time to get those votes in)
A lot of irate investors ... are voting for this campaign...?
# Thanks to all those that have supported this HMGovt epetition !
~~~~~ *3,890 voted so far~~~~~(That's a lot of irate investors?)
~~~~AND THEY CAN'T ALL BE WRONG ?
HMGovt epitition to make short-selling illegal (or better regulated?)
Coddy, the point I'm making is lidco's statements ALWAYS sound impressive.
The problem is in the detail, and here there isn't any.
Sales increases aren't impressive if all you are largely doing is reselling someone else's equipment. They mention a big increase in CNAP sales (not theirs) but no mention anywhere of the margin they make on it.
I don't think wanting to know the percentage of 3rd party sales, the margin made on those sales, the percentage of consumables in the mix, proof that the core tech works, is exactly excessive detail.
If these things don't concern you then invest away!
Yes, but I bet he didn't say "I'm not bothered who gets paid for the sale as long as we get credit"!
I particularly like this paragraph: Dr Terry O'Brien, CEO of LiDCO, commented: "The Board is pleased to have finished the year having achieved further revenue growth and a profitable second half. In our domestic UK market disposable unit sales were up by 20% in total, with 47% growth of surgical disposables (LiDCOrapid). LiDCO surgery and ICU disposable sales exceeded 50,000 units. Disposable income has grown to represent 70% of the Company's total sales revenue for the year, against 59% in the prior period."
Sounds great doesn't it?! it's from feb last year, share price tells you how much weight the words carry.
Sales are up 33% so far this financial year compared to the same period last year and as my old boss used to say "I'm not bothered who gets the credit for the sale as long as we get paid".
Sales of units in the UK this year are up over 300% so this should lead to increased consumable sales going forward and with their profit margins this should feed directly into the bottom line. Hopefully USA and Japan will start to progress as well. Not sure about Europe think that will still be negative year on year comparison this year.
But still can't argue with 33% increase which they did predict in their end of year report.
I'm sure you've forensically examined what little information is given here, but two things you might want to reflect on:
1) the difference between third party sales and lidco sales
2) the difference between equipment sales and consumable sales
I think the radio silence in response to my last post says it all, lol
1) are there any other positive randomly controlled trials that show Lidco equipment (let alone the rapid) work in the operating theatre? I haven't seen any.
2) are there any large scale non RCT's that show Lidco equipment works in the operating theatre? I haven't seen any.
3) is this a trial of Lidco equipment in the operating theatre (what matters) or another attempt to obfuscate Lidco's lack of evidence in theatre by combining it with a post operative study (nobody claims the Lidco plus doesn't have value post op but cquin is about intraoperative).
Optimise will be out soon - will it mean anything re cquin? Unlikely, because cquin is about intraoperative, and again they've chosen to confuse the evidence by combining intraoperative with post op.
Hard to believe this has happened by accident btw.
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