Surgical Innovations Share Discussion Threads

[mandate] 01/10/2014 12:22

True, but he doesn't have as many as the Getz Brothers though.

[gbh2] 01/10/2014 12:15

"I think that too many shares are in private hands"

A Good few are in GB's Pension fund and he'll still need to advise the market if he starts selling so I'll wait for him to make a move.

[gwr7] 01/10/2014 12:02

Oh dear. I did warn you.

GWR7 - 09 Apr 2013 - 09:57:45 - 1902 of 3302
I'm glad others are homing in on the ramifications of the state-of-the-art R&D and clinical training centre. The company needs to tells us how much they're budgeting for this on top of the grant as it could be years before their investment is recouped, if ever. It's a potential white elephant. My football club built a state-of-the-art training facility ten years ago and the return on the investment has been rubbish, though I'm sure the boys enjoy the food and massages.

Just had a look at the financials. The cash situation doesn't look good, particularly as they seem to need to give extended credit to purchasers.

[mandate] 01/10/2014 11:37

I think that too many shares are in private hands for a takeover, and the majority shareholders have already tasted the potential upswing. No, I think that this is going to be a slow recovery over the next few years.

[pugugly] 01/10/2014 10:39

GBH2. A bigger worry - given the cash burn (imo) would be a Vulture t/o at sub 1p. Probability potentially high unless very fast sales turn round but could well be seen in the trade as a failing company - Who wants to buy from a company that may not be there in the near future.

Other option could be a trade sale again sub 1p or a restructure and taken private.

I ssupect to buy at this price a need for knife proofs gloves. !!!

[gbh2] 01/10/2014 10:23

My concern is back door acquisition!

[bashor] 01/10/2014 09:53

cliley454, my head wants to agree with you on that

[cliley454] 01/10/2014 09:46

They aren't going bust, that's for sure. Big Chris will take over and with his business sense and contacts he will soon turn it around. That's what the £1.6m was for. They won't just be making medical instruments but anything their machinery can turn it's hand to. All just mho.

[bashor] 01/10/2014 09:37

Exactly, the other saying is, you have to be in it to win it :-)

[gbh2] 01/10/2014 09:31

S&N Insurance, Energis, B&B

Been there done that, you pays your money and takes your chance :))

[bashor] 01/10/2014 08:57

One always has to remember, it doesn't matter at what level you enter or top up, it's still possible to loose 100% of your investment

[john148] 30/9/2014 21:34

I'm surprised anyone is shocked. The share price has plummeted from circa 14p, the company's move to bigger premises is on hold, sales are struggling in USA. As CEO GB is ultimately responsible and has to carry the can.Brave decision by the Board, lets hope its not to late for the them to turn this around.

[gnnmartin] 30/9/2014 21:07

I'm shocked that GB has been dumped too. I can understand the decision, but I'm shocked and saddened all the same.
Nigel Martin

[argyle underclap] 30/9/2014 18:56

gbh - maybe. I'm Just shocked he's out. With an apparent size 12 connecting hard with his backside.

Maybe we'll get to hear some more in time

[gbh2] 30/9/2014 18:31

mandate - "Yes, but GB was an accountant"

And the company appeared to be doing well during that period, guess the question is, how well!

Argyle - I wasn't too bothered when he stopped answering emails, but I did wonder why the PR Company that was nominated to follow up questions disappeared, with hindsight maybe they were the ones that walked.

[argyle underclap] 30/9/2014 17:59

The blatant lack of a thank you to GB worries me a little. I hope there are no skeletons in the cupboards.

But lets be positive. It wasn't working out. We now have an opportunity to put it right

[argyle underclap] 30/9/2014 17:48

mandate - sorry, I don't for one moment believe it's the end of the story - providing they get back on track pdq, the future again can be rosy.

But I feel it is a pivotal moment and the BOD need to get it right.

[mandate] 30/9/2014 17:38

Argyle, you sound as though it's the end of the story. I think it's just a blip on the way up. Fair enough, the stocking strategy, in retrospect, didn't work. The technology is still good, now a seasoned businessman in the form of CR, a good selection of worldwide consultants [I really do think these guys add value] giving input to current and future products. Still on the tail end of a recession. Given time, SUN should be doing pretty well.

[argyle underclap] 30/9/2014 17:31

mandate - fair point.

But director sells should always have an investor on their guard. Especially if wariness is further compounded by events.

It's a shame the industrial side never really took off.

it's just a shame full stop

[mandate] 30/9/2014 17:18

In fact, this is the perfect time to bring in someone from the outside.

argyle, at the time, the reward of selling those shares was probably appropriate - he had, after all, taken the share price from 2p to between 10p and 13p.

[mandate] 30/9/2014 16:55

Yes, but GB was an accountant - in my experience, accountants never really make good CEOs.

[gbh2] 30/9/2014 16:45

I've no idea, I lost my contact about 5 years ago and the last guy I sent for interview got a better offer from another company!

Difficult to think of Surgical Innovations without GB maybe he just ran out of ideas or his ideas were too much like dreams?????

I don't think he'd have been my choice of person to fall on his sword, for me there's only one person looking after the Financials at a company and that person gets paid VERY well for doing so therefore he/she should shoulder the responsibility for financial success or failure .

[jmf69] 30/9/2014 16:34

It's a real shame they have made such a big balls up of this... They have some real good products.

[argyle underclap] 30/9/2014 16:34

gbh - You know the co like the back or your hand...

AND it's in your back yard too...so...