Surgical Innovations Share Discussion Threads

[john148] 31/8/2016 19:56

If this company was going to go under it would have done so ny now. It`a testimony to the quality of its product. 3.50p is my target for end of financial year.

[bashor] 31/8/2016 19:20

Given that the US look like increasing rates and we look like lowering them, this stock is looking like a good recovery play

[bjfanc] 31/8/2016 18:08

Given the bid offer spread, not many will have doubled their money in 2 weeks. But that will come for those who are patient over the next year or so. Based on the simple logic of continued cash generation reducing the risk. With increased confidence in the management, if they continue to hit the numbers etc.

[gbh2] 31/8/2016 15:25

Needs to get past the profit taking, some will have doubled their money this last two weeks.

[jmf69] 31/8/2016 15:24

These are not mentioned in the results but the news is encouraging.

[bjfanc] 31/8/2016 10:15

The impressive cash generation gives them plenty of flexibility / options with regards to the bank loan and loan notes. Far stronger position, looking forward to phase 2 over the next year or so.

[gbh2] 31/8/2016 08:57

Reads well and the £/$ exchange rate will make exports cheap & help income so I'll stick around a while longer now I'm back in.

[jmf69] 31/8/2016 08:27

Debt reduced by 1.5m in 6 months

[bjfanc] 31/8/2016 07:53

The recovery continues, shows what decent management can do.

[jmf69] 31/8/2016 07:22

Encouraging results

[gbh2] 30/8/2016 16:04

Yep, here I am again despite my reservations !

[jmf69] 30/8/2016 15:36

Still plenty of buying. Interims tomorrow.

[argyle underclap] 26/8/2016 23:45

Hopefully some good strong roots of recovery beginning to show.

:)

[bashor] 26/8/2016 22:59

agreed, and my bottom drawer would be very grateful

[john148] 26/8/2016 22:13

Hope we don`t see investors cashing in after results as there is a good recovery story coming into play here.

[bashor] 26/8/2016 21:02

I'd best pull mine out of the bottom drawer soon

[gbh2] 26/8/2016 15:22

Good luck with results folks.

[jmf69] 26/8/2016 14:05

Good volume today

[kenone] 26/8/2016 13:06

Looks like good news is at last just around the corner.

[openspaces] 26/8/2016 12:31

It looks like there was considerable Director buying days after Brexit and with results due Wednesday it looks the weaker pound against the dollar will reap benefits in terms of profit/margins?

[bashor] 26/8/2016 10:01

Looks like a break to me, and with next weeks results around the corner

[jmf69] 25/8/2016 15:33

Steady stream of buys this week

[a0148009] 23/8/2016 12:48

Hello chaps, I bought a holding in SUN some years back at7p and tucked them away in one of the portfolios where they have been gathering dust every since and averaged down today. They are beginning to look interesting after the reorganization including new management, products, higher margins, reduction of debt, and favourable exchange rates the wind is behind them.
This is a civilised and knowledgeable BB which is rather refreshing compared with some others.

"Cash flow and net debt from Annual Report.

The Group generated cash from operations of £1.57m (2014: outflow
of £0.69m) primarily as a result of the working capital
movements described above. Cash used in investment was restrained to £0.45m (2014: £1.60m) resulting in a cash inflow before
financing of £1.06m (2014: net outflow of £2.09m).
This inflow was enhanced by the proceeds of the issue of new convertible unsecured loan notes of £0.50m in March 2015. The
£3.00m term loan facility provided by Yorkshire Bank was subject
to changes of terms in September 2015, and again in December
2015 which involved early repayments totalling £1.00m and favourable revisions to prospective financial covenants. The remaining
balance of £2.00m of the term loan is
subject to quarterly repayments of £0.10m during 2016/17, and the remaining balance of
£1.30m is due for repayment on 31 October 2017. Its ongoing availability is dependent upon covenant compliance.
At 31 December 2015, total gross indebtedness was £3.24m (2014: £4.01m) and the Company had available cash resources of
£0.98m (2014: £0.68m"
AO