Surgical Innovations Share Discussion Threads

[justiceforthemany] 30/10/2017 15:55

With Elementis management need to be targeting £2M full year profit.

[gbh2] 30/10/2017 14:39

Yep the only ones that can make a profit at this price!

[jmf69] 30/10/2017 14:36

Old guard cashing in on options

[opodio] 25/10/2017 21:35

look well overpriced

[van zandt] 11/10/2017 11:22

Hi all,

It has taken only- nearly 7 months for the huge board of director=s and functionaries to notice the error.

Ah, but, I bring you JOY as is my want.

What are 360 missing shares to a director who has also been doubtless missing for most of the intervening 7 months , having not been missed by anyone while away on leave counting by hand one-by-one the 246,234,817 (two hundred and forty six million two hundred and thirty four thousand eight hundred and seventeen) shares issued since the March date

Does anyone know when we will pass 1Billion shares in issue? At a guess I think mid next spring.
Regards as ever,
VZ

[justiceforthemany] 10/10/2017 16:29

Nice 500K buy this afternoon

[gbh2] 10/10/2017 16:21

Bit of a sod when they can't even get the figures right for their annual share grab!

[justiceforthemany] 10/10/2017 14:23

Operating profit for H1 2017 was £0.3M
EPS 0.06p for H1

Elemental FY profit for '16-'17 was £1.1M

Combined FY operating profit for FY '17-'18 therefore ~ £1.7M
EPS full year post-integration 0.34p

Current P/E ~ 10.


Now the operating profit for SUN. includes a lot of exceptional expenses/depreciation/amortisation costs.
Strip those out and the combined adjusted EPS comes to ~ 0.51p and a current P/E of just 7

Any thoughts?

[gbh2] 09/10/2017 11:25

SUN can't keep it's own website up to date so what chance they've even thought about the one they adopted?

[van zandt] 09/10/2017 10:10

Hi

Would someone like to explain to me why on the Elemental Healthcare web site,

Surgical Innovations are described as a partner of Elemental Healthcare? At the very best I find that misleading as a minimum. Source: hxxp://elementalhealthcare.co.uk/index.php/our-partners/#.WdsxxXkUmr8

You will further excuse certain myopia on my part if we bought and own 100% in July/August 2017 how come a few months later Surgical Innovations is a mere partner?

as ever regards,
VZ

[bjfanc] 06/10/2017 22:08

My guess is that would be an estimate for the combined group for 2018.

[bashor] 05/10/2017 12:33

So your expecting £2.3m profits, where do you get that number from

[justiceforthemany] 04/10/2017 15:23

Bought in here. FY EPS should be around 0.3p giving a current P/E of around 12.

Further reduction of losses in the 2 loss making divisions needs to be achieved. Looking ahead FY EPS of 0.4-0.5p needs to be targeted and a re-rating of the share price here to around 6p.

[van zandt] 29/9/2017 11:31

gbh2,

Thank you for the information on your filters, you have more sense than I. I do not use the filter, maybe I should.

Regards as ever
VZ.

[gbh2] 29/9/2017 07:31

vz - "if you will permit me" I've no idea what you're on about and as for quoting names that are on my Filtered list, I never remove the Filter because I've neither the time or patience to bother with worthless Trolls!

[petersinthemarket] 28/9/2017 18:26

> van zandt - forgive me if I appear to be losing the point of your argument. I don't understand where you are going with your continuous sniping. I am a very minor holder here, simply watching progress. I see no problem at all with directors rewarding themselves for success, as long as they deliver it. On that point, the jury is out, but time will tell. Kindly clear something up for me. Are you a current holder. Do you intend to continue holding. If yes, why the grumbling. If no, what is your interest in the company. GL, pete

[romeike] 28/9/2017 13:06

Van Zandt - have you actually met Nigel Rogers? If not, shut up. The recovery here has been fantastic and all credit to the board for achieving it and then bringing forward a great new strategy.

gbh2 - the number of shares in issue here represent negligible dilution, I really can't see the problem. The board is happy to accept shares in lieu if cash, that's a good thing. Nigel has bought plenty of shares with his own cash too. If you are sore about this you need to go look at some proper trash companies trading on AIM where the directors really are snout in trough then report back.

[van zandt] 28/9/2017 10:12

Lirki0,

Thank you for your reply.

"in your eagerness to impute nefarious motives " I am neither eager not do I 'impute', a quick look at the news anywhere in the world will daily show director's having been found out in pursuit of the nefarious; a few are even in prison to our great expense.

I put my money into the company as seed money, where were all the current director's then?

Yet despite yourself you agree with me when you malign poor old Tesco who for years had problems with accounts and blindness, while at, the, same time ruining the national taste buds of the eating public with cheap food!!

Now forget not who is always on hand to clean up the mess, yes, our old friend 'Low Trout' without any real shares.
Regard as ever,
VZ.

[gbh2] 28/9/2017 08:31

I've mixed feelings about shares in lieu of payment.
I don't mind when companies actually buy the shares for allocation but when they keep pumping more & more into the market the only winners are the recipients of said shares because the rest of us take a hit through Share Pool dilution.

[lurki0] 28/9/2017 08:24

VZ - in your eagerness to impute nefarious motives to members of the current board you seem to have forgotten the fundamental point that the shares have to be worth something for anyone to benefit from holding them. At the moment they're not exactly rocketing. But when they do - yes, I grant you - these individuals will do nicely out of it. But then I will too, as will every other long-term holder who can see latent value here. Were the share price currently on a massive roll, or nearing all-time highs and the board started handing out free shares to its own (as was frequently the case when Tesco was run by a Scouse mafia)then your argument might have some merit.

[van zandt] 27/9/2017 22:24

bjfanc, Thank you.

I suppose you mean a strong position since the last time someone forward booked future sales as profit and lo behold no one noticed for years and they all sail on and on?

contact2fsnetcouk,
Thank you also.

"With the directors being closer to the numbers and day to day workings of the business"

see my reply above to bjf.

"they have a better view of the future than us mere shareholders."

One they hope for the future and cannot and do not have a better 'view' and why let me ask you should any director of our company know more than a properly informed shareholder?

Are you suggesting Director's keep some shareholders better informed than others?
You do not seem to me a person who would for one moment think bad of any Director/your employee.

I now on the other hand suspect each and every one of them until they have proved otherwise and in all these years most of them have never failed but to prove me right sadly.

"it eases cash flow" how in the name joe retunkey does it do that?
Why do we not pay all the workers in shares in lieu of wages (which should be in coin of the realm)
Do you not think it odd it is always Directors who get shares, what of our dear toilet cleaner old Low Trout who could tell a tail or two of the almighty mess left by a director old Trout too should be paid in shares. No?

regards as ever,
VZ

[contact2fsnetcouk] 27/9/2017 19:08

Have not the shares been taken in lieu of salary?

The advantages (?) are that it eases cash flow ( Ok just over £7k in this case) but does it not also indicate their faith in the company? With the directors being closer to the numbers and day to day workings of the business one would think that they have a better view of the future than us mere shareholders. Hopefully, they are doing this with the hope of a future capital gain which is a positive for us shareholders.

[bjfanc] 27/9/2017 18:54

Cancord bought Hargreave Hale. So change in name of the owner of the stack.