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?

MACD - crossed over and some very good news !!

but needs the market to stay positive for a while otherwise the sp is likely to drop back

did market stay positive then ?? Still don't know what to do with Surgical shares...

Down at the moment ..... time to top up if you want ??

Hello. Anyone got any news on the upcoming interims? I haven't been able to find out how the new USA deal is going

Article in Yorkshire Post

"RESPOSABLE" is one of the words on the lips of Surgical Innovations finance director Graham Bowland. It's how the surgical devices company describes instruments that mix both re-usable and disposable components.
Leeds-based Surgical says such devices are proving to be more cost-effective than their fully disposable counterparts and, by focusing on them, the company is gaining a competitive edge.

Trademark is the other word Mr Bowland is keen to emphasise as Surgical seeks to both patent its devices and register them. The devices are for laparoscopic keyhole surgery.

The company is focusing more on developing, making and selling its own branded products.

Losing a big contract with Aesculap for surgical scissors showed the importance of the company's own brand compared with work for other manufacturers.

So, Surgical decided to invest more on designing its own products and was less concerned in design work for others. The upshot in half-year figures out yesterday was a fall in revenue to 1.9m from 2.1m and in pre-tax profit to 118,000 from 182,000.

Chairman Doug Liversidge says revenue lost with Aesculap is being replaced at a better margin by own-branded products, adding: "I'm now very comfortable with the position of the business."

Not that Surgical has given up its work for other manufacturers. Indeed, it has restructured itself into three trading companies, one of which, Core Precision, is dedicated to surgical and industrial solutions for such manufacturers.

The company has for some time been working with Rolls-Royce to supply "keyhole" devices to repair aero engines without the need to take the engines apart. It is also working with GE on devices to repair gas turbines and with Gyrus on gynaecology instruments.

In the blood business Haemocell, which enables patients to give their own blood rather than risk infection from donors, Surgical is looking for an international partner.

The biggest demand for Haemocell technology is from regions like the Far East, Middle East and from Russia, Mr Bowland says, so it makes sense to go into partnership.

The group structure should provide more focus for the individual businesses, Mr Liversidge says.

The core Surgical Innovations business has seen a lot of action lately. Much work has gone into the new YelloPort + Plus resposable device. The port is the access to the body for instruments, helping guide them to their target.

The new device combines re-usable main elements and disposable accessories.

In the last nine months the company has broken into the US market. First it signed a deal to supply YelloPort to one of the largest US hospital groups, North Shore Long Island Jewish Health System. Then it agreed a distribution deal with MGM Med, giving it access to the broad market.

The company is in effect licensing its brand to MGM, which is setting up a subsidiary called Surgical Innovations US.

That was seen as crucial, since many hospitals want to buy through US dealerships.

After years of disapointments we have yet more.
I though things were looking up from a SP point of view - clearly not.
The city does not look impressed.

Transco would you hold or sell? Is it worth waiting for another news or hoping that there is going to be some next contract to pump price up???

To be honest I w=have written them off.
The city clearly have no confidence in the management and I see the SP stagnating again.
Very very disapointing.

If you have a substantial holding worth anything I would sell and leave well alone in future.

"written off" not sure about that I have faith in the company and I have been topping at lower prices. Not only to lower by breakeven but also I believe in this company long term and therefore increasing my holding.

DYOR but I think this is cheap at this price, main thing for me its making money and feel my money is safe long term this will make me a nice profit.....

Well no one else seems to agree - look at the sp it tells everything!!

well i agree with transco, but i will look at this company and news from this direction ready to be back in case of some changes,I'm sure transco would do the same:)

Nar1, invest longterm for the children !

"Pumben" i hope it wont take that long ;-: nxt few months will show a change I certain SUN has alot to show !!

Transco and Fernandesb... how long have you two been holding and what is is your aim with this share.......

Transco and Fernandesb please advise by what you mean "look at the sp it tells everything" and "well i agree with transco" agree in what ??

Thanks

Nar1

well nar1 performance of this company is just disappointed, i think everybody was expecting at lease 10p this time or more, you see 3p and that is the answer.

True... But i still believe 10p can be achived and therefore Iam waiting for at least 5.5 - 6 p at the minimum before I will be thinking of pulling out... 10p is what I am after long term I think this can be done..

DYOR

I have been in since heamocell days over 10 years ago - constant disapointment.
This will never go anywhere now!!

Hope not

Nar1, as i said earlier, put them away in a "trust" for the kids, when they reach 21 hopefully you're ba able to give them a nice surprise !!!

Pumben HAHA your a funny guy 21 I'll make them millionaires if I hold that long...

Seriously I doubt I will have to wait that long these will steadily grow and increase in value and make me a nice packet!!!