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Deltex Medical Group

  • BY: Andrew Hore |
  • POSTED: 28/12/2014 |

Medical fluids monitoring devices developer Deltex Medical Group needs to secure additional UK sales in order to meet expectations for 2014. 

There are potential orders worth more than £1m from NHS Trusts, which are currently financially strapped organisations. If they are secured UK sales will be flat but if they are not then Deltex’s sales for the year will be lower than expected. A Canadian tender worth up to £300,000 has been delayed to 2015. A loss had already been forecast for 2014.

Deltex has secured an order for 60 CardioQ-ODM+ monitors from the NHS Supply Chain.

Net cash was £2.45m at the end of June 2014. There will have been a cash outflow since then.

At 5p a share, down 2.13p, Deltex is valued at £10.6m.

A trading update will be issued in the second week of January

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2014_63.pdf

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