Excellent trading update today, although brief gives a positive message. Revenue up, margins on target.
I own a lot of these from a few years ago and have sat on them and topped up at around 2.5p as well as a decent spread bet on the price with IG - which of is tax free winnings.
Surgical Innovations Group plc (AIM: SUN), the designer and manufacturer of innovative medical technology for minimally invasive surgery, announces that it will release its half year results for the six months ended 30 June 2017, on Wednesday 13 September 2017.
A briefing for analysts will take place at 11am on Wednesday 13 September 2017 at the offices of Walbrook PR, 4 Lombard Street, EC3V 9HD. If you would like to register, please contact Walbrook PR on 020 7933 8780 or email [email protected]
A briefing for all investors will take place on Thursday 14 September 2017 at the London Capital Club, 15 Abchurch Lane, EC4N 7BW from 5.30pm for a 5.45pm start and will be followed by drinks. If you would like to register, please contact Walbrook PR on 020 7933 8780 or email [email protected]
You are not alone in being puzzled by this whole affair so am I.
Maybe down the road a bit a reverse buy-out or reverse takeover or one company backed into another of one of the Major Shareholders company's to make way for an LSE listing of that company?
as I have said elsewhere why in the name of ... did we buy a sales office and how does that fit EH's current obligations to other companies EH represent and will there not be a conflict of interest>
as ever regards
The acquisition puzzled me
Why does a manufacturer buy a distributor who is a sole distributor of its products?
What will the other companies being represented by EH think?
Might it be that it is the intention to sub contract the manufacturing of SI products thus losing the manufacturing overheads and then expand the distribution business
Just a thought
I think it was picked up from another BB where it was posted by someone as a buy by Unicorn Asset Management if I understand my source correctly for that post it was done on purpose to see if the ERROR would be picked up but far it has not been!!
nonetheless the purchase of EH Ltd does have some worries for me going forward.
As ever regards
Ah such joy I was ill with share issue withdrawal worry, it has been almost 12 weeks without one and now we can pay a few deserving souls with some shares so their salary/payment will be no longer an issue, so off with you to find a few more.
1997 share capital 325,000,000 today less than 10 years later 534,431,255, I was wondering if this could be described as a type of Moores Law for a company?
"Current financial year to date is in line with directors' expectations."
I do so hope it is not our old friend the fishermans line, you know the type you pull and pull only to drag up a wet log or a soggy lump of moss.
SI is a recovering stock. I bought at 8p a good while ago but have stuck with them, adding in a spreadbet at 1.5p on IG index. I'm happy with the changes management are making with growth in the US coming at a time when exchange rates are in their favour, margins increasing, inventory falling, positive EBITA and positive cash at the end of the qtr. There's a lot to do but they appear to be doing the right things. I'm looking forward to my spreadbet paying back my initial purchase price -which at £1000 per penny rise is already looking ok.
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