Deltex Medical Group (DEMG)

Sector:

Health Care

Index:

FTSE AIM All-Share

 1.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.65
  • 52 Week Low: 0.90
  • Currency: UK Pounds
  • Shares Issued: 524.46m
  • Volume: 185,138
  • Market Cap: £7.34m
  • RiskGrade: 221

Deltex Medical gains ODM investment from NHS hospital

By Maryam Cockar

Date: Friday 04 Nov 2016

LONDON (ShareCast) - (ShareCast News) - AIM-listed Deltex Medical Group won its most substantial account with an NHS hospital for more than two years as a hospital bought six of the company's oesophageal doppler monitoring (ODM) products.
A 450 bed NHS hospital in the southeast of England bought six CardioQ-ODM+ monitors and an initial stock of single patient oesophageal probes for use in its peri-operative surgical care, for over £30,000.

Deltex Medical said the contract win does not alter full-year forecasts, but does reflect a generally improving performance in the second half of the year to date.

The company said the investment in ODM was a response to demand from clinicians to replace the alternative technology the trust bought as a result of the 2013 NHS national implementation programme for Intra-Operative Fluid Management.

Chief executive Ewan Phillips said the company was encouraged that clinicians are insisting on using ODM rather than alternative technologies and that NHS hospitals will support clinicians financially to deliver better outcomes and reduce costs.

He added: "This order is further evidence of improving trends in our UK business following the launch of the TruFlow probes in May, the presentation of excellent results from the largest ever randomised controlled trial of ODM in June and the further presentation in July of a trial from a major NHS hospital confirming better comparative outcomes from using ODM during surgery."

Shares in Deltex Medical Group were up 9.09% to 4.50p at 1006 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DEMG Market Data

Currency UK Pounds
Share Price 1.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.65
52 Week Low 0.90
Volume 185,138
Shares Issued 524.46m
Market Cap £7.34m
RiskGrade 221

DEMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.71% below the market average46.71% below the market average46.71% below the market average46.71% below the market average46.71% below the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average
Price Trend
63.52% above the market average63.52% above the market average63.52% above the market average63.52% above the market average63.52% above the market average
Sector averageSector averageSector averageSector averageSector average
Income Not Available
Growth
56.33% below the market average56.33% below the market average56.33% below the market average56.33% below the market average56.33% below the market average
75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average75.76% below the sector average

DEMG Dividends

No dividends found

Trades for 18-Sep-2020

Time Volume / Share Price
12:43 6,003 @ 1.50p
09:37 15,000 @ 1.46p
08:11 164,135 @ 1.46p

DEMG Key Personnel

Chair Nigel J Keen
CEO Andy Mears

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