Surgical Innovations Share Discussion Threads

[bashor] 10/11/2015 12:25

Just dipped my toe back in for a punt earlier, I will never learn

The trade at 1.8p for 165,769 was a buy much earlier in the day, so its not a sell as its showing in most places

[bjfanc] 07/11/2015 09:24

My assumptions are that Nigel Rogers has been bought into build the necessary management team. Similarly to what he did at 600 group.My other assumption is that Chris Rea wanted or needed to spend more time at his main company AESSEAL. Given all the cap ex cuts in the oil/mining industries. He also mentions SUN being a distraction in a Yorkshire post article from earlier in the year.My other assumption is that there is value in the relationship with AMS.But all difficult to quantify given the limited information provided. I continue to hold.

[gbh2] 05/11/2015 10:48

SP looking like its being revitalised, good luck to those that held on.

[leadingladies] 05/11/2015 08:55

Having recovered from "the shock" of Chris Rea's resignation there would appear a bit more optimism around this stock at the moment. How long it will last then who knows ? I hark back to Chris Rea's comments when interviewed by the Yorkshire Post. "A great company with great people but needs operational direction and finance". He says he could have provided both if the company had delisted. Need to watch carefully how as a plc these requirements are now fulfilled. I am feeling slightly more optimistic but at the same time hanging very tightly onto my chair in case the +ve momentum is cut short in its tracks !

[buywell3] 04/11/2015 22:51

None the less the chart is looking a bit more perky of late

A new CEO is urgently needed

One that has a large strong duty broom to get rid of the dross

[a0148009] 29/10/2015 10:21

Waste of time and irritating directors buying nominal amounts of shares to display confidence and support for the company they rarely make additional purchases but soak up the options.

AO

[gbh2] 29/10/2015 07:52

He doesn't need to buy them the indications are that he'll have a regular quantity dumped in his lap and my bet is they'll not be purchased so yet more dilution to follow!

[pugugly] 29/10/2015 07:49

The Company was notified on 28 October 2015, that on that day, Nigel Rogers, Executive Chairman, acquired 1,000,000 ordinary shares of 1 penny each ("Shares"). The Shares were purchased at a price of 1.30 pence per Share, of which 500,000 are held by Nigel Rogers and 500,000 are held by his wife.

Not really pushing out the boat -

Seems to be following the same route as at TRT

Transense Technologies PLC (The "Company") Director Dealing

The Company was notified on 21 October 2015 that on the same day the beneficial holding of Nigel Rogers, Non-Executive Deputy Chairman, was increased by 1,000,000 ordinary shares of 1p each ("Shares"). The Shares were purchased at a price of 1.4p per Share with 500,000 to be held by Nigel Rogers and 500,000 to be held by his wife.

Following the above transaction, the beneficial holding of Nigel Rogers in the Company now totals 3,000,000 Shares representing approximately 0.6 % of the issued share capital of the Company.

I am not sure if Rogers is a wealthy man - but if he is this level of buying appears tokenanism - rather than a vote of confidence. If he is not wealthy then possibly OK but not the vote of confidence I would have looked for.

[buywell3] 29/10/2015 00:33

The RNS does not sort out the CEO and FD holes left

[gnnmartin] 28/10/2015 08:58

I hope this does not distract him too much from TRT!

Good news for SUN though. I sold another 250k the other day. Down to 850k now. I expect I'll keep these and hope (but I said that when I had 1.1m too)

[gbh2] 28/10/2015 08:04

I see Doug has kept his nose in the trough !

[bjfanc] 28/10/2015 07:52

Heavyweight appointment. Turnaround specialist. According to the Yorkshire post.

[pugugly] 28/10/2015 07:52

Rogers : Seems to have been successful with Stadium but jury still out (imo) with TRT - but only non-exec -

TIC- (tongue in cheek) What chance of TRT technology beingused for medical diagnostic !!

[maxk] 28/10/2015 07:45

RNS Number : 6262D

Surgical Innovations Group PLC

28 October 2015

Surgical Innovations Group plc

(the "Company" or "SI")

Directorate Change

The Company announces the appointment of Nigel Rogers as Executive Chairman with immediate effect. Doug Liversidge CBE, previously Non-Executive Chairman, has stood down as Chairman, but remains on the Board as a Non-Executive Director.

[mandate] 27/10/2015 13:02

To be fair, the RNS does state that 'over the next six months' there will be announcements about additions to the board. Also, the resignations may have blown up within the days leading up to the announcement. Have to admit, though, that this is currently all very Toy Town.

[gnnmartin] 27/10/2015 12:18

That graph is misleading. Two companies have had the epic 'SUN', the first up to about 1997, the second (and current) from about 1998 when the then unlisted Surgical Innovations reversed into Haemocell.

Apart from that, I can't criticise Buywell's post. :-(

[buywell3] 26/10/2015 22:52

That the BOD made no mention of any attempt or plan for replacements for a CEO and FD in the latest RNS is nothing short of appalling.

Demonstrating such ineptitude on such a massive scale should make shareholders push for an immediate sale of the company whilst any value remains


Without a CEO and FD the SUN ship will hit the rocks soon

The long term chart of the short rise of SUN and long term fall shows that the market thinks the way this company has been run is , into the ground.


free stock charts from uk.advfn.com

[leadingladies] 23/10/2015 14:15

Any views on the trades going through ? Who is selling and who is buying ?

[leadingladies] 20/10/2015 13:25

Get your point. Cannot remember the basis on which he can convert his loan notes into shares and whether that is at a defined price or not. What I mean by that is £1,000,000 = 100,000,000 shares at 1p but 50,000,000 at 2p etc. I presume he would need to do a deal with Getz ? Can we keep talking about this as new territory for me.

[gnnmartin] 20/10/2015 12:09

Probably, but that depends on how Chris came to hold a majority of the shares. At the moment he only holds 14.4%.

[leadingladies] 20/10/2015 11:56

Thanks GNN. So would you be comfortable holding shares in SUN if delisted and majority owned by Chris Rea ?

[leadingladies] 20/10/2015 09:42

Have been doing a bit of reading about trading delisted shares. Seems possible under a "matched bargain" service but requires a definite buyer / seller to enable any transaction to take place. I see that TD direct offers this service for selected companies e.g. Glasgow Rangers etc. I presume the challenges are that the "owners" can determine any dividend policy, determine how much they want to take out of the business (unopposed by minority shareholders) and I assume can dramatically dilute the worth of the minion investors albeit I've no idea if that is any different to offering additional shares to the market by a plc. Doesn't feel comfortable to me but arguably could things get any worse than they are ? Yes, as I presume without Chris Rea's support there is a risk that the ship sinks completely. Thoughts appreciated !