JRM
- 06 Nov 2003 11:11
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?
Nar1
- 01 May 2008 21:42
- 145 of 171
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."
pumben
- 02 May 2008 00:11
- 146 of 171
Nar1, what are thye planning to fill the extra floor space with, collection depot for unwanted Xmas presents ?
stroreysj
- 02 May 2008 07:50
- 147 of 171
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
Nar1
- 03 May 2008 18:58
- 148 of 171
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.
kimoldfield
- 03 May 2008 23:57
- 149 of 171
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
pumben
- 04 May 2008 22:19
- 150 of 171
Nar 1, for a minute there I thought you were their CEO, good luck it may be a long wait !!
Nar1
- 05 May 2008 10:20
- 151 of 171
Cheers .... yeah it always on the cards long termer
2517GEORGE
- 16 May 2008 14:10
- 152 of 171
Spec buy in moneyweek so put a few bob on this one today, not been in before.
2517
016622
- 19 May 2008 19:08
- 153 of 171
thats two of us...
Nar1
- 19 May 2008 19:35
- 154 of 171
Well you picked a good day to get in
stroreysj
- 20 May 2008 07:26
- 155 of 171
the spread on this is a joke i.e nearly 25%. No one in there right mind will jump in a crystalise a 25% loss. Only when they start shortening the bid and offer will this roll higher. Still a long term hold
2517GEORGE
- 20 May 2008 07:44
- 156 of 171
stroreysj---------I bought @ 2.4p and at that time sellers were able to get 2.27p so whilst the headline spread is wide all is not what it seems, I believe with such stocks the spreads tend to be wider anyway. Who said we were 'right' in the head, ha! ha! Good luck all may be a good ride on this one.
2517
stroreysj
- 20 May 2008 08:13
- 157 of 171
i bought at 3.4 and have held for almost a year so unlikely to run for the hills just yet. I really believe in the long term story of this company once the dollar weakens and the new production capacity is brought on line. Anticipating about 7.5 - 9p after next yeras results. Long term hold
Nar1
- 21 May 2008 12:28
- 158 of 171
Another strong buying day ...no tick up yet anyone got Level 2
The Other Kevin
- 21 May 2008 14:07
- 159 of 171
1 x 2.75 and 5 x 3.25
No change since the open
stroreysj
- 21 May 2008 14:52
- 160 of 171
These things dont always follow logic . There was a 300,000 purchase at the full offer price of 3.25 but it didn't move the SP. At least momentum seems to be in the right direction so hopefully only a matter of time
Nar1
- 10 Feb 2009 10:40
- 161 of 171
BUY !!!!!
Nar1
- 10 Feb 2009 10:41
- 162 of 171
This going all the way back up...
2517GEORGE
- 10 Feb 2009 10:50
- 163 of 171
Nar1-----Do you know of any reason for the rise today?
2517
Nar1
- 10 Feb 2009 10:54
- 164 of 171
Some Big buys been coming in over the past few days and more today.. Maybe this has been tipped or investers realising this is one of the few AIM stock making a profit