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.....

Yes KIm,

I agree fully. Its been a long wait for me but best of luck to you - a very intuative buy!!! Why the penny share tipsters havent got hold yet is probably historical.

If only all my holdings could produce results as encouraging as SUN's! Profits doubled, positive results for the 7th year in a row, fantastic. Only a small company, no mention of a dividend that I can see but good enough for me to increase my holding today.
kim

I suspect there are lot of long term holders waiting for a more significant move north. I dont understand why the markets dont appear to warm to sun given the results. Could be historical...

Well it at long last things are hotting up!!!!

This share is bit of a conundrum; as you say Transco, its price may have been held back by its history. It is a different company to what it was years ago but who knows, we may one day see a return to 2.50 +! The problem for investors is simple really, a) go for a quick profit, this is more of a possibility now, b) wait until dividends become payable before taking the plunge, c) invest now for capital to grow.

The problem with a) is obvious - it might not happen! with b) the share price will probably have risen considerably by then, so the overall advantage will have been diminished: with c) ? the big IF! IMO I cannot see any way but up for the sp, the progress of this company has been slow, but more importantly, steady and so far, relentless. The risk in investing is the same as with most companies of course, anything can happen - I feel it would have to be a pretty big something to derail this company now.

SUN has had inquiries from BAE Systems, Nasa and BNFL about possible industrial uses for its products. The interest follows a 10-year licensing agreement with Rolls-Royce to apply the company's technology to help with the inspection of aero engines. So will institutions take note I wonder?
kim

Kim,

Nice summing up..
It will be interesting to see any follow up buys in the next few days.
3 mill today sound a lot but its small fry really.
Its news of new orders we need now....

Financial Times today 9th Sept reviews Sun in its Week End Share Watch article.
The conclusion of the article written by James Wilson says,
Hanson Westhouse the house broker indicates that Surgical Innovations is set to meet its sales and profit estimates and suggests that the shares are worth 4.5p adding,
The shares held steady last week to close at 3p giving market cap of 8m at that price they look a snip.

i see that Peter Gyllenhammer has bought 15 million of SUN (4%) through his Unions Discount Company of London this week.
He always buys undervalued stock and things move soon afterwards. Up 10 per cent since purchase.
lets see what happens next

Director Deals - Surgical Innovations Group Plc (SUN)
BFN
Prof Michael McMahon, Non Executive Director bought 362,207 shares in the company on the 6th November 2009 at a price of 1.37p. The Director now holds 11,088,281 shares representing 2.97% of the shares in issue.

Been some steady rises recently...

Michael McMahon also purchased 357,142 at 1.40
worth taking another look ?

Well, the last set if Interims were encouraging that's for sure.

Directors bought 5.5 million shares between them today. Positive news to follow ?

Yorkshire Post does is again...

http://www.yorkshirepost.co.uk/businessnews/Surgical-Innovations-prepares-itself-to.5941771.jp

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