Watch Medisys (MDY0...

[Riz]

Watch Medisys(MDY)....

Here is another one whose share price has been jumpier than our cookie’s monkey…in mid Janary MDY share price dipped from 132 to 94 on news that production (futura safety syringe) could be delayed to the second half of 2001 instead of the first half and subsequent broker downgrades…

It now appears that after MDY spoke with intitutional investors and explained what the situation is the price seems to settle and head up (+8(8.2%) to 105.5 on Friday)…

Chart shaping up nicely with price and 5 day EMA heading up crossing over 10 day SMA..stochastics at the bottom of oversold area with K ticking up to cross over D…MFI and OBV slightly up…RSI sharply up hitting 30…I'd watch for stronger OBV however to indicate large institutional buys...

MDY is worth watching…once this confusion over product delay is over, there will be plenty of upward movement…expect a few retracements on the way up caused by profit takers who got in at the dip…

(no financial advice intended)

rizgar

 

[martymcc]

What does the below mean in terms of the share price for MDY. Does it have anything to do with the large number of sells and downturn in price recently or is that mostly due to the climate we are in? Cheers

Marty

Medisys PLC
23 February 2001


Medisys PLC
('Medisys' or 'the Group')

Re: Variable Rate Convertible Bonds due 2002 (the
'Bonds')

Medisys announces that it has today given notice to the
Bondholders that pursuant to and in accordance with
Condition 6(c)(i) of the terms and conditions of the
Bonds, it will redeem all outstanding Bonds on 26 March
2001 at their principal amount together with interest
accrued to (but excluding) the Redemption Date.

In accordance with Condition 5(a) of the terms and
conditions of the Bonds, Bondholders will remain entitled
to exercise their conversion rights and convert their
Bonds into Medisys ordinary shares, at the conversion
price of 18.5p per ordinary share at any time up to the
close of business on 19 March 2001.

Bondholders wishing to exercise their right to convert
should obtain and complete a notice of conversion from
the offices of a Paying and Conversion Agent, as detailed
below.

At close of business on 22 February 2001, there were
2,059 Bonds outstanding. Full conversion of these Bonds
would result in the issue of 11,128,895 new Medisys
ordinary shares.

 

[Ian56]

Bill Brown

Bill Brown of Aim trust has just sold all his stake in Medisys. He says he might buy back at 50-60p.
Be careful on this one.

Regards,
Ian

 

[shelman]

Got this back on my watch list after we all sold (chatroom)
without telling Riz hehe.
Be patient
Steve

Medisys : To redeem 2002 bonds
23/02/2001 07:23:02


Medisys has today given notice to
holders of the variable rate bonds due
2002 that it will redeem all
outstanding bonds on 26 March 2001 at
their principal amount together with
interest accrued to (but excluding) the
Redemption Date.

In accordance with condition 5(a) of
the terms and conditions of the bonds,
bondholders will remain entitled
to exercise their conversion rights and
convert their bonds into Medisys
ordinary shares, at the conversion
price of 18.5p per ordinary share at
any time up to the close of business on
19 March 2001.

At close of business on 22 February
2001, there were 2,059 bonds
outstanding.

Full conversion of these bonds would
result in the issue of 11,128,895 new
Medisys ordinary shares.

ICV Edited News
END (KRT)

07:10 Feb 23 2001









[Edited by shelman on 05-03-2001 at 08:57 PM]

 

[Riz]

hehe...

I soon found out about the deserters and didn't one to be the only hero on this one...so got out for +1 I think...still keeping an eye on them however

Riz

 

[Riz]

Missed today's bounce on this one..up +4.5 (5.5%) to 86.5 as everyone thought it'd go further down due to the rate bonds issue that Steve posted above..maybe their meeting with financial analysts worked fine...

Riz

 

[Riz]

Safety syringe manufacturer Medisys notched up 6.5p to 96.5p amid news of a possible takeover bid, reports the Daily Mail.

I wonder if it's time we take MDY seriously and start rewatching them...

Without any plot against me this time of course, Steve

Riz

 

[shelman]

You beat me to it Riz, i was just about to post the same news. I've not been following MDY and missed Fridays rise. I'll be watching... and no plots... honest.

Janus

oops ! Steve

 

[Riz]

Here is another winner on the watch list ending the week at 101.5...looks like Steve just watched it go up like me

Riz

 

[kenmar 1952]

Medisys under another name

Came on this thread looking for Medisys (MDYO) a pink sheets company currently being touted by boilerrooms, namely Keystone Investment Group & Wilson ig in Brussels. (I think they are the same people using 2 names.) contacts John Stokes, Scott Hamilton. See my post 1749 on page 177 of "boilerrooms" forum.

Just wanted to point out that I think this thread refers to a different Medisys on the UK market (MYO) now trading as MDY Healthcare Plc, a legit UK registered company.

Trying to avoid confusion for anyone else searching this company.