MEDISYS Plc.

Yaki

I can't find a set of accounts that don't have an inventory write-off!!

Re Margins, this is the third year running that I have held MDY where the margins have fallen but "will improve next year because....."

"It is anticipated that the advanced feature set of the Assure Pro
will provide the Group with the opportunity to re-build its margins in the LTC
segment."

this is from the man who issued the RNS confirming the successful launch of the
safety syringe and


This is another gem

"The operating loss prior to exceptional items was #6.8 million (2004: loss of
#0.2 million). The increase in operating loss is solely a result of the margin
erosion discussed earlier in the report."

Eh? nothing to do with the

Impact of the Roche case
Gearing up the European operation
Falling unit sales
The exchange rates (they seem to be putting the annual exchange loss as an exceptional item each year)