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Uptrending of LMA
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xoefxoef
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09-Aug-2007 08:55
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Q2 Highlights ? boosted by the consolidation of LMA PacMed Pty Ltd (?LMA PacMed?), acquired in February this year. Sales in Q2 FY2007 were also US$4.3 million or 18% higher than Q1 FY2007. Group Net Sales increased by US$3.5 million to US$27.8 million or 14% over Q2 FY2006, partly? increasing by 10% over Q2 FY2006. Sales of Laryngeal Masks amounted to US$26.8 million, with sales of single-use devices? driven by sales of single-use devices as well as sales of the McGrath® Video Laryngoscope. Despite ongoing aggressive competition, LMA continued to regain lost accounts from competitors. Net Sales of Laryngeal Masks in the United States grew 6% to US$15.2 million over Q2 FY2006,? partly boosted by the consolidation of LMA PacMed. Sales in Germany in Q2 FY2007 were up 11% on the same period last year. International Net Sales of Laryngeal Masks were up by 16% to US$11.6 million over Q2 FY2006? reflecting distribution expansion. Sales of LMA StoneBreakerTM at US$1.0 million were more than double sales in Q1 FY2007, |
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xoefxoef
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09-Aug-2007 08:42
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LMA REPORTS DOUBLE DIGIT SALES GROWTH FOR FIRST SIX MONTHS Summary of Financial Performance Three months ended June 30, Six months ended June 30, (US$?000) 2007 2006 Change (%) 2007 2006 Change (%) Net sales 27,846 24,368 14.3 51,416 44,819 14.7 Gross profit 19,138 17,589 8.8 34,761 32,367 7.4 Operating expenses: Selling, general and administrative (11,925) (9,643) (23,155) (18,868) Research and development (388) (379) (603) (794) Amortisation of intangible assets (161) (14) (220) (28) Total operating income 6,664 7,553 (11.8) 10,783 12,677 (14.9) Net income before income taxes, minority interests and share of net earnings of associate 6,934 8,204 (15.5) 11,334 13,386 (15.3) Income tax expense (770) (741) (1,337) (1,338) Minority interests (231) 218 (140) 310 Share of net earnings of associate - 195 - 168 Net income excluding noncash stock compensation charge 5,933 7,876 (24.7) 9,857 12,526 (21.3) Non-cash stock compensation charge (444) (404) (879) (718) Net income 5,489 7,472 (26.5) 8,978 11,808 (24.0) Earnings per Share (EPS) Three months ended June 30, Six months ended June 30, (U.S. cents) Before non-cash stock compensation charge Diluted EPS, including shares to be issued for LMA PacMed 2007 2006 2007 2006(1) 1.021 1.356 1.697 2.156(2) 1.009 1.340 1.677 2.131 |
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chinkiasu
Master |
19-Jul-2007 12:35
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the point of the IP right is that it protects LMA's invention of a reinforced tip on supraglottic airway devices and it is certainly not about "one should not look at this type of income for bottomline". This means that Ambu would have to stop the sale of the copied product, so LMA would take over the market share i.e more sales for the genuine LMA product.. which means more profits... I have took advantage of the current depressed market price to buy more LMA lots...... |
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hikitty
Master |
19-Jul-2007 10:38
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When the funds and BBs soon take note of an undervalued share, it will romp north in double quick time. Even without receiving the damages, LMA remains profitable. Can park in LMA which has been a laggard.. Small volume - consolidating for a rebound. |
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ten4one
Master |
19-Jul-2007 10:28
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I think one should not look at this type of income for bottomline. The core-businesses' bottomlines are more important. This type of court cases could take years to finalize. Cheers! |
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xoefxoef
Member |
18-Jul-2007 23:39
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This should give a boost to LMA stock price and profit for this year. LMA is looking for 3.1 Mil Euro in damages ( 4.2 Mil USD). |
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xoefxoef
Member |
18-Jul-2007 23:30
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18 July 2007 Announcement to the Singapore Exchange GERMAN PATENT OFFICE UPHOLDS LMA?S IP AGAINST AMBU CHALLENGE Mainboard-listed LMA International NV (?LMA?), the global leader in the development and marketing of the LMA? range of supraglottic airway management devices, is pleased to announce that the German Patent Office has upheld its intellectual property right ? German Utility Model DE 299 24 738 ? against a challenge by Danish competitor Ambu A/S (?Ambu?). This IP right protects LMA?s invention of a reinforced tip on supraglottic airway devices. In a separate court action, LMA?s wholly-owned subsidiary, LMA Deutschland GmbH, had earlier obtained a judgment in Germany that Ambu?s airway devices infringe LMA?s invention. LMA is seeking ?3.1 million in damages from Ambu for its infringement in Germany. The decision of the German Patent Office ensures that LMA?s damages claim action will proceed. That action is currently scheduled to be heard in August 2007. LMA has additional patent infringement actions pending against Ambu in France and the Netherlands to protect the same invention and currently has the legal right to commence similar actions in other markets. LMA expects Ambu to appeal the German Patent Office?s decision, as it has appealed the German court?s judgment of infringement. |
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moneymatters
Member |
18-Jul-2007 22:27
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http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/480d3562881a6c264825731c003281a2?OpenDocument |
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hikitty
Master |
18-Jul-2007 11:00
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When will LMA be within the radar of BBs and funds? Fundamentally strong, yet has received poor sentiment. Gone to sleep again. Sideway trading. Shd pick up soon? Shocking - still way below IPO price.! |
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TradeChancellor
Veteran |
13-Jul-2007 19:54
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The link below. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D0EBFA6E5490D58B482573160046399F/$file/LMA_EGM_Notice_110707.pdf?openelement |
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TradeChancellor
Veteran |
13-Jul-2007 18:52
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Strange, there's an announcement regarding an EGM for the renewal of share buyback mandate. I don't understand why they withdrew it during the AGM and now there is a meeting to pass this resolution. |
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hikitty
Master |
13-Jul-2007 18:28
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Thanks snoothie. Checked announcement: UBS AG clients are "blood suckers" - their unit price abt 63cts, way below LMA's IPO price. It has been sitting tight for the past two years (listed in 2005). Can't even beat recent listings like Soup REstaurant and Angel's Food which debuted with a premium. Trust "white men" to manage publicly listed firms - their shares underperform after being listed(don't mean to be offensive,pse) . Their shares can't perform better than companies with Chinese management teams. What has happened to the management that drove LMA to profitability for at least three consecutive years? While the ST index is moving north, LMA is moving south. |
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chinkiasu
Master |
11-Jul-2007 04:24
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lets see in the meanwhile I see both acc/dist & chaikin osc. trending upwards... lets see what tomorrow will bring... |
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hohokit
Veteran |
11-Jul-2007 00:47
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At least 80cts in the next few months then i can expect a big christmas present on the way. |
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chinkiasu
Master |
10-Jul-2007 21:09
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great news. snoothie... I think we have made the right choice to stay vested... I believe we should see this counter moving upwards to at least 80cts in next few months... |
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moneymatters
Member |
10-Jul-2007 20:39
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IPO holders can forward to LMA going past 0.88 cts in the coming week/s....my 12 months target $1.20 |
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snoothie
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10-Jul-2007 20:06
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Enjoy this people.... http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/95c0ced517c52caa48257314003a0aea?OpenDocument |
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tr1111
Member |
10-Jul-2007 15:12
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opps , here is the upcoming medical conference abstract for the study conducted in singapore: http://www.asaabstracts.com/strands/asaabstracts/abstract.htm;jsessionid=5F4C2E4AAE511ABC088E032CF1456DB2?year=2007&index=8&absnum=176 |
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tr1111
Member |
10-Jul-2007 14:48
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with the news of its product trials in the local hospitals, any advice on buying &/ keeping it for longer term? |
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chinkiasu
Master |
09-Jul-2007 10:33
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uptrending nicely.... looks like we can hit back to 0.70 soon |
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