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.....

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.

No big deal when you look at the numbers!
The wait continues butthey normally fall back from here!!

Press Release
28 May 2010




Surgical Innovations Group plc


("SI" or "the Group")


Surgical Innovations wins five year contract with Teleflex Medical


Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative medical devices, is pleased to announce a five year worldwide contract with Teleflex Medical ("Teleflex"), the designer, manufacturer and distributor of medical devices for critical care and surgical applications. The substantial contract is for the production of articulating handles with bespoke laparoscopic instrumentation.



Building upon a previous relationship, Teleflex approached SI to develop new handle technology. The articulating reusable handles have been under development by Teleflex and SI for two years and the unique, flexible nature improves the ergonomics and ease of use for surgeons performing keyhole surgery. SI retains the full intellectual property rights for the devices, subject to the rights of Teleflex to utilise the IP in the sale of the devices pursuant to the Supply Agreement. The initial roll out of the technology will be throughout Europe with the potential for expansion into the US.



Commenting on the agreement, Graham Bowland, Chief Executive Officer of SI, said: "This order represents an important milestone for our OEM business. We have been working successfully with Teleflex for more than 10 years and we are delighted to continue this successful relationship. Our in-house design, prototype and manufacturing facilities allow us to develop new and improved technologies which can be used by Teleflex to provide their surgeons with an innovative, cost effective laparoscopic device. We look forward to continuing our collaboration with Teleflex as we strive to develop new technologies to help surgeons perform less invasive surgeries."



- Ends -

Even the PM has gone to see SUN at work.......

http://www.google.com/hostednews/ukpress/article/ALeqM5j65bbcMYGSUOcAabLYWXgiWfXtYg