I am at a loss both mentally and financially about the goings on here.

The company is involved in health care and all it's peers have risen substantially.

Debt has been cleared, profits are rising and the chairman's statement was incredibly positive. I always thought a star of this kind would rise. Low market value etc etc. Any ideas why I'm apparently wrong?

Still got time to go

I think the trading update last year was a one-off Nar1, not SUN's usual style. I won't be disappointed if we hear nothing before notification in March of Results. I think it will probably have been a fairly tough year for the company since losing the Aesculap contract but I feel they were very quick to address the situation, make some important strategic changes and get themselves more organized; a sign of strong management imo. Still confident in this company, I am hopeful of a good set of results.

We shall soon know Kimoldfield

This baby can get to 20p, if everything goes as good as planned, IMO

Given time Ahoj, given time, and there's plenty of that!

0.25 up TODAY !!!!! VERY NICE

C'mon!!

This one is a winner!!!!!!!!!!!!!!! no doubt!!

mentioned in IC as one of the top 45 aim companies which could do well this year

Just pile in and sit back results in April always a good run towards April !!

Good news in the US and this will be flying !!!!

Healthy profits rise for Surgical Innovations Group

A LEEDS medical technology firm which is literally at the cutting edge of manufacturing for the healthcare sector has reported increased profits.
Surgical Innovations Group, which designs and manufactures innovative surgical devices, says it has an optimistic view of the future as it continues to develop new products.

Sales for the year ended December 31 climbed by seven per cent to 4.77m (2006: 4.46m) resulting in an operating profit of 685,000 (2006: 735,000).

Pre-tax profits were up by five per cent to 731,000 (2006: 696,000).

During the period the business completed a successful fundraising of 4m (before expenses) to aid its expansion plans in the US and to increase its product range both through acquisition and internal development.

The group, which is listed on the Alternative Investment Market, has been reorganised into three trading companies.

Surgical Innovations Ltd specialises in minimally invasive surgery devices while Haemocell Ltd specialises in autologous blood transfusion products allowing patients to give their own blood rather than risking infection from donors.

Core Precision Ltd offers surgical and industrial solutions for original equipment manufacturer partners.

Confident

Doug Liversidge, the firm's non-executive chairman, said: "I am delighted that once again we are able to report improved levels of profit and sales.

"The domestic and overseas markets in which we operate are growing and we are confident that, with our expanding portfolio of products, we will be able to continue to generate further sales growth throughout the year.

"Our confidence in our future is such that we have just completed a relocation of the business to facilities that provide us with triple the area of floor space and the capacity by which we can capitalise on this increasing opportunity."

Surgical Innovations, which is based at Clayton Park, Clayton Wood Rise, West Park, now employs over 40 people.

It began trading in 1992 as Surgical Innovations Ltd, merging with Haemocell plc in 1998 to form the Surgical Innovations Group.

The core Surgical Innovations business has developed a portal device giving access to the body for instruments and helping to guide them to their target.

The company broke into the US market when it signed a deal to supply it to one of the largest US hospital groups.

Innovation keeps Surgical operating at the front


IT'S BEEN a busy year for Surgical Innovations but that's the way the company's finance director Graham Bowland likes it.

A move to new premises in Leeds, a 4m fundraising to aid expansion in the US and the development and protection of new products under the Surgical Innovations brand have enabled the company to post improved results.

The firm, which designs and manufactures innovative surgical devices, has also been busy seeking trademark protection and intellectual property rights on a number of its products and is keen to push the Surgical Innovations brand itself.

"We've grown our own distribution network of branded products," said Mr Bowland. "And we're taking on the resources for more and more product development.

"We have the money in the bank which we can use to do this."

Mr Bowland said a major drive for the company, which has moved from its five previous units in Leeds to a 32,000 sq ft headquarters in the city, was to push its own branded devices rather than focusing on manufacturing them for other clients.

He said many of these had been a success in 2007. And the launch of YelloPort Plus, a reusable device which helps access to the abdomen for operations, in the second half of the company's financial year has achieved sales of 640,000 to date.

In the US, Surgical Innovations has a contract to supply YelloPort, which also has disposable accessories, to one of the largest US hospital groups.

For the year to December 31, pre-tax profit was up 5% to 731,000 on turnover up 7% to 4.77m.

Operating profit was down from 735,000 to 685,000.

Mr Bowland said the move to new premises had allowed Surgical Innovations to take on new designers. The company has also launched a clinical advisory board which is made up of medical experts who are helping to bring new devices to the operating table.

The company was also reorganised into three trading companies in the 2007 financial year: minimally invasive surgery devices company Surgical Innovations; Haemocell, which focuses on autologous blood products; and CORE Precision, which looks at surgical and industrial devices for equipment manufacturers.

Doug Liversidge, non-executive chairman, said: "I am delighted that once again we are able to report improved levels of profit and sales. The domestic and overseas markets in which we operate are growing and we are confident that, with our expanding portfolio of products, we will be able to continue to generate further sales growth throughout the year.

"Our confidence in our future is such that we have just completed a relocation of the business to facilities that provide us with triple the area of floor space and the capacity by which we can capitalise on this increasing opportunity."

Nar1, what are thye planning to fill the extra floor space with, collection depot for unwanted Xmas presents ?

these shares have been treated way worse than they need to be. I have a reasonable 7 figure holiding (which isnt great at 2.25) and so sitting on a considerable loss but will just sit and wait. Any company that is gearing up and extending its production capacity threefold is going places. once the exchange rate with the $ gets back to something normal the US opreation will take off

Pumben... This is why SUN need extra space....

"The domestic and overseas markets in which we operate are growing and we are confident that, with our expanding portfolio of products, we will be able to continue to generate further sales growth throughout the year.

"Our confidence in our future is such that we have just completed a relocation of the business to facilities that provide us with triple the area of floor space and the capacity by which we can capitalise on this increasing opportunity."

"We've grown our own distribution network of branded products," said Mr Bowland. "And we're taking on the resources for more and more product development.

Revenue is increasing annually and, despite the loss of a major contract, SUN continues a forward momentum. WILL NOT light up the sky like it's namesake in the near future, but shows far more promise than, shall we say, the present Labour Government! Have reduced my holding but will increase on good news, which I am confident of. DYOR

Nar 1, for a minute there I thought you were their CEO, good luck it may be a long wait !!

Cheers .... yeah it always on the cards long termer

Spec buy in moneyweek so put a few bob on this one today, not been in before.
2517

thats two of us...