Surgical Innovations Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9590591
Really? (see graph)

As I said earlier - results were good. It looks like it will be a successfully growing company over the coming years, but on current performance I think the price is fair to slightly expensive, so I'd be surprised to see any big surge in price unless markets get incredibly bullish (unlikely in the forseeable future) or we get some stellar news. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9590591&action=detail Mon, 30 Apr 2012 07:38:00 GMT Hardboy tag:iii.co.uk,2003:tst.9589555 http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9589555&action=detail Sun, 29 Apr 2012 18:14:00 GMT latife tag:iii.co.uk,2003:tst.9570540
Overall the results are good, but I am not sure they are good enough to support the current share price.

Sales up 8%. Profits up 12% - that's good, but the PE is over 30, and I don't think that level of growth merits such a high figure.

Obviously the company are intent on growth, and have a strong balance sheet, which they are using to invest in growth - R&D spend had a big hike, net cash has turned to net debt (though perfectly acceptable levels.)

It is encouraging that Q4 was "particularly strong" and current trading sounds good, so things look good for the future.

My other concern, and i did not pick up a reason in my scan, was UK sales have reduced significantly. Overseas growth is laudable, but having established a position in one's home market, it is good to maintain or strengthen it. (Just look at the confidence which has been undermined at Tescos when they reported UK like for likes down 1.3%.)

Long term hold, but probably not worth adding at these levels.. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9570540&action=detail Tue, 24 Apr 2012 06:50:00 GMT Hardboy tag:iii.co.uk,2003:tst.9569433 http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9569433&action=detail Mon, 23 Apr 2012 17:25:00 GMT Hardboy tag:iii.co.uk,2003:tst.9435998
Could it be an employee converting a small option? (Which I guess has no dealing costs, and maybe no stamp duty.)

Another possibility is errors by brokers. I've had it where brokers have taken a phone iunstruction, and got it wrong by a small number of shares. They have always honoured the original instruction, so in such situations they may have to go into the market & trade a small number of shares.

Just guessing - but normally a logical explanation. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9435998&action=detail Thu, 15 Mar 2012 14:34:00 GMT Hardboy tag:iii.co.uk,2003:tst.9435670 http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9435670&action=detail Thu, 15 Mar 2012 13:36:00 GMT percy peabody tag:iii.co.uk,2003:tst.9373426
Exhibitors at all shows need a gimmick to attract folk, this sounds superb. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9373426&action=detail Thu, 01 Mar 2012 16:41:00 GMT Hardboy tag:iii.co.uk,2003:tst.9372213 http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9372213&action=detail Thu, 01 Mar 2012 13:17:00 GMT mudhopper tag:iii.co.uk,2003:tst.9371264 Surgical Innovations Group Plc : Pretzel shaped scalextric track set to spark surgeons’ interest at SAGES
http://bit.ly/wpIPHK By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9371264&action=detail Thu, 01 Mar 2012 10:47:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9348394 http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9348394&action=detail Fri, 24 Feb 2012 16:36:00 GMT Hardboy tag:iii.co.uk,2003:tst.9342780 http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9342780&action=detail Thu, 23 Feb 2012 17:56:00 GMT The Trainer tag:iii.co.uk,2003:tst.9339244 02/23/2012 | 05:19am
http://bit.ly/zHWnol By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9339244&action=detail Thu, 23 Feb 2012 09:31:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9324277
Not sure how GB got his core holding of shares, but (trying to read the mind of someone I don't know) maybe he sees that as his investment in the company, and it is sizeable; and share options as part of his remuneration, which he wants to spend or invest in other things (pensions etc.)

At the end of the day we can only judge his actions on results, and if we look at the share price over the last couple of years, we can not moan.

Finals due in a couple of months, I guess that is the time to make the judgement; but it will be interesting to see if he gets any questionsa bout the sale at the AGM. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9324277&action=detail Tue, 21 Feb 2012 06:50:00 GMT Hardboy tag:iii.co.uk,2003:tst.9323629
Lets not get too emotionally involved here though, from a logical point of view a Director selling a sizable chunk of shares is certianly something an investor needs to have a think about.

My though process went along the lines of... with this particular share, his return could, with little upward movement, be much higher - so does he not think there is much upward movement to be had in he coming months, worse still does he think it's going to drop off, or does he not think anything and just wants to realise some cash to enjoy life. And then, regardless of that, the immediate fact is that now there are an additional 6 million odd shares that need a buyer before the shareprice can recover to pre-sale levels.

So, based on that logic (and it maybe flawed - I'm no Warren Buffett!), I sold a few immediately on reading the news article (my profit protection system!) and retained a heathly holding for my long term outlook on this one - which I believe is good. I may even buy back what I sold if it drops anymore. By B Gumble ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9323629&action=detail Mon, 20 Feb 2012 21:49:00 GMT B Gumble tag:iii.co.uk,2003:tst.9323199
I know I started this thread, but I don't see anything worrying in what has happened. There are nearly 6 million more shares in circulation, and the MD is quite a bit better off. That is all that has changed. The business should go on - business as normal. By Hardboy ]]> http://www.iii.co.uk/investment/detail?code=cotn:SUN.L&display=discussion&id=9323199&action=detail Mon, 20 Feb 2012 20:14:00 GMT Hardboy