Another risky one but with a new income stream things are looking up for Sun.
Why they did not perform better last year is anyones guess.
I suppose the big boys have been let down before but this time its different .
Take a look - long term holder.....

RNS of a US deal not showing on our site yet but the SP reacting very favourably.

TOK -

Contract win with leading US Group Purchasing Organisation
for laparoscopic instrumentation


Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of
innovative medical devices, is pleased to announce that its US Master
Distributor, Surgical Innovations US Inc. ("SI USA"), has signed a three year
agreement with one of the largest Group Purchasing Organisations ("GPO") in the
US, effective from 1 February 2010.


GPOs help hospitals reduce costs by aggregating volume to negotiate favourable
purchasing terms with vendors. The agreement provides an opportunity for SI,
through SI USA, to gain access to the GPO's 2,200 member hospitals in the
US with its Resposable laparoscopic instrumentation portfolio, Logi Range, an
ergonomic system which combines reusable handles with disposable scissor blades
and graspers. This provides surgeons with high quality, but cost effective
instruments, for performing laparoscopic surgery.


Commenting on the agreement, Graham Bowland, Managing Director of Surgical
Innovations Limited, said: "This agreement with one of the US's leading GPOs
strengthens SI's strategy of developing the Logi Range brand through our
collaboration with SI USA. The 2,200 member hospitals represent a considerable
proportion of all US hospitals, therefore the agreement provides us with
significant access to the US laparoscopic instrumentation market, which is
estimated to be worth $150 million per annum. We look forward to seeing
substantial sales growth of the Logi Range as member hospitals are introduced to
the brand."

SIs instruments featured on BBC News

http://www.surginno.com/news/

http://news.bbc.co.uk/1/hi/england/bradford/8498910.stm

Final Results.

Highlights

Revenue increased to 4,511,000 (2009: 4,312,000)

Retained profit at Group level lower at 525,000 (2008: 630,000) due principally to unavoidable third party issues, now resolved, which resulted in delay in the delivery of a major industrial devices order prior to year end and a write down of autologous blood transfusion assets, following a strategic review

EBITDA of core operating company increased by 11% to 1,103,000 (2008: 995,000)

Net cash of 1.4 million generated from operating activities

Continuing and significant investment in new product development in laparoscopic instrumentation

Major investment in state-of-art manufacturing facility and clean room

Employees more than doubled to reflect increased demand for products

Successfully launched LogiFlex to assist with the accurate placement of gastric bands

New laparoscopic training centre operational during the year and officially opened by Lord Davies of Abersoch, Minister for Trade Investment and Small Business

Largest ever order for industrial devices based on core technology

Negotiations during the year with major US Group Purchasing Organisation (GPO), Premier, successfully concluded in January 2010

Some huge SP movements North recently

Article from the yourkshire post...

http://www.yorkshirepost.co.uk/businessnews/Keyhole-surgery-firm-eyes-US.6198041.jp

Been some nice steady rises

One to tuck away in your bottom drawer!!

Yes I've held these since April 2000!

Ive been in since heaeomecell way before 2000!!!!!!!!!!!!!

since 1993, before heaeomecell was introduced!

before big bang and the begining of time!!

Its been a grim wait to be honest.... this particular rise is down to press comment in the YEP!! nothing more - dont expect any fireworks any time soon!!

I was suprised to see they were still in existence. I can't remember exactly what I paid form them, but looking at a 10year chart, I guess somewhere near where they are now!

Skinny - They have been a rubbish investment although im sure the guys working there have lived the high life with trips overseas and stuff.
I wait and wait and wait!!!!!!!!!!!!!

Well the long term chart is up... Its been a long slow investment yest but its looking its turning around this could be the year for SUN

What a day !!!

Another great start

Surgical Innovations delivers major industrial order


Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative surgical devices, is pleased to announce that it has now delivered the 616,000 order to one of its key industrial partners. The order, originally due for completion in December 2009, was delayed as a consequence of third party technical difficulties, which were resolved in March 2010. This is the largest single order the Group has received within its industrial division.