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Any of you guys follow OMI?

Smallish Oz company that specialises in safety medical equipment, syringes, valves, scalpels etc. Just did a great first deal with the huge German company Braun, (Yes...the one that makes shavers etc) for a minimum order on the blood valves.

Got the tip on this one six months ago when it was at A$1(where it had been for about a year) and sat around and watched it for a while. in the last month it has gone to over A$4 and if Braun's first order is increased by them to start supplying to the whole world then even A$4 will probably look very cheap.

The people who put me on to this one reckon $7-10 by year end and on even further if the other early patented products take off soon.

Web site at http://www.omiltd.com/home/home.htm if anyone is interested.

applefoot
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No. of Recommendations: 1
Any of you guys follow OMI?

Jon
I was a bit like Barcoo on this one - saw it, wanted it but couldn't pull the trigger. The thing that put me off was the poor fundamentals because although bio's run on a shoestring I wasn't sure whether the Braun deal was a one off which would probably cause the stock price to fall.
I suppose in the long run I will kick myself by there it is !!
Regards
Harmy
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Any of you guys follow OMI?

Yep,

Have a look at OMI , they are building a factory to produce a syringe & got some big milliion dollar contracts, the chart is why this whole sector is so exciting, the FA is an example of why that type of measure for a lot of these types is worthless.

http://tinyurl.com/1nun


It's trading at $4.16 as I type.


http://boards.fool.com/Message.asp?mid=17905011

It's going ballistic on early trade today pushing towards $5.00.


JR



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Hi Harmy and JR

Well the way this share is acting of late I think the prediction that I was given of A$7-10 before year end could actually happen.

The people I talk to know the company VERY well and the story feels right. The share price will probably have a life of its own for a while but the first deal with Braun is likely to be just the tip of the iceberg if what I am hearing is correct.

I am not a trader and would like to hang on to this one for the longer run, but the excitement in the share price moves has me thinking that maybe I should try and trade at least of portion of my holding and see how I do.

Any tips on how or even if I should do this?

applefoot
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I am not a trader and would like to hang on to this one for the longer run, but the excitement in the share price moves has me thinking that maybe I should try and trade at least of portion of my holding and see how I do.

Seven days up in a row, may have a rest soon which could present a nice buying op.

If your already holding then the $4.30 former res gives you a nice support or comfort zone.

If your on the sidelines I'd watch it very closely & hope to buy the correction or if $5.55 is broken(today) then I'd buy it with a trailing stop.This rally (from $3.00)has had 7 days up in a row, so in the shorter term that the trader has to work in this rally is getting tired. The intermeddiate & longer term look good.

I think you need to have the trade planned.

I suggest that if you trade this stock watch the volume as a guide to what this stock is going to do direction wise.

JR
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Thanks JR

This stock is acting like a .com stock in the boom time. Difference is.... this one is actually doing deals. <grin>

I think you are right about the medium to longer term prospects.

Probaly just hang on to it for a while.... not sure I can cope with staying glued to the screen all the time.


applefoot

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Story this a.m. in the Sydney Morning Herald:

OMI slumps

With no news yet on a deal with a US distribution company, investors in Occupational & Medical Innovations yesterday slammed on the brakes.

Shares fell 70c to $5.

Shares in OMI have surged $4 since September 13 in the belief that a deal with a US company was imminent.

Managing director Bruce Kiehne is in the US to drum up interest in the company's medical devices - principally its safety valve, retractable syringe and surgical scalpel.

Kiehne is expected to meet distributors - including Germany's B.Braun - in the hope of breaking into the North American market.

OMI announced its first sale in September when B.Braun agreed to distribute in Australasia OMI safety valves, which help prevent needle-stick injuries.

Kiehne, who credits Jesus as being the major inspiration for the company, plans to stay on in the US for a holiday.
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Kiehne is expected to meet distributors - including Germany's B.Braun - in the hope of breaking into the North American market.

Mmmmm!! - not sure I like the sound of this. The US market can be very difficult to break into - I hope they have this patent really sown up.
A recent Supreme Court decision (may have been a lesser court but had implications for all of the US) almost removed patent protection from patentees. It ruled that even a very small deviation from the original patented item removed it from patent protection ie a screw used in place of a pop rivet. The ruling is being appealed but the appeals process can last for years. US litigation is a minefield with weird decisions being made by politically appointed judges who make decisions that are clearly biased in favour of the local scene.
Regards
Harmy
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Harmy, clemensm,

You guys must make up your own mind on OMI of course.... but I wouldn,t personally use any of the garbage written in this report to do so.

Innuendo running wild. SLUMP?

The share has gone from $1 to over$6 in a month and is currently over$4.5. What the hell do they expect? Read the report again without the reference to slump and it should read with a different complexion.

There is some evidence that one of the brokers has been running in big sell orders at a low price only to pull the order before it was executed. This has happened more than once in the last 3 days by the same broker. Official complaints have been made I understand.

Unitract, another needle manufacturer launched today I believe. Not saying there is a connection but where was the refernce to SLUMP when OMI went from $4.30 down to $2+ earlier this month?

Sure, Kiehne is looking for more orders. Does that sound suspicious in its own right? Maybe it does. Why the reference to also taking a holiday in the USA. Is that also suspicious? See what i mean.... mention the word slump and EVERYTHING becomes suspicious.

I had a VERY long talk last night with an Aussie investor that I well respect. He has been over the whole company in very great detail including of course meeting the management and viewing the operation and all of the upcoming products. These guys know what they are doing.

The share price will no doubt yo-yo around for a while, particularly if certain elements are allowed to play their games. My view now, for what it is worth is to buy on the dips and hang on in for a while.

Jon



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Harmy

Sorry... forgot to add a bit about patents after you brought it up.

I agree entirely about any patent not being completely watertight. it is often also said that a patent is only as strong as the bank that is backing it.<grin>

I believe the particular case to which you were referring is the "Festo" case. This whole argument actually revolves around something called "the doctrine of equivalents". I won't go into any detail here because the whole subject can get very complex.

Bottom line in my view, is that if the Festo case is allowed to stand.. then we might as well kiss goodbye to commerce in the USA as we now know it. If it is not sorted out there will hardly be a patent that will have any legal force.

When it first came up a long time ago I was quite worried at first. As time has gone on and the Supreme Court has become involved, it is getting clearer that the case will have to be resolved in a sensible way.

I know that common sense does not always rule but... if it fails in this case we would all be well advised to sell EVERY stock that we own that makes any money from its patents.

Jon
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I believe the particular case to which you were referring is the "Festo" case. This whole argument actually revolves around something called "the doctrine of equivalents".

Jon
Correct !! It impinged upon a company called Rambus in which I had quite a holding at one time. Rambus has been involved in litigation for the last two years or more with no end in sight it would seem. The Festo case really complicated things.

Just bought 900 OMI - only a small buy but it will be interesting to see where they go. Can always add later - should have bought when you advised at $2 - lol !!
Cheers
Harmy
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if it fails in this case we would all be well advised to sell EVERY stock that we own that makes any money from its patents.

Jon
It doesn't take much to work out that if the result of research is not protected by patents then there will be no research carried out - QED !!
Cheers
Harmy
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