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Sorry not to come back before,but I'm ina difficult position which I cannot explain until after the finals; sorry.
waited to see if anyone else would bite but as none, please explain rationale re dilution
scary
Trading update and board changes. Trading in line with expectations and debt under control. Board. Doug's gone and 2 new non execs brought in. Doesn't seem to have done the SP any harm. 2 observations from me. Firstly, one of the new guys seems to have some experience in releasing value through buyouts. Could there be on offer in the offing? Secondly, new guys to take their income in shares quarterly. That makes in total a dilution of 7.5m shares every year. Let's hope they can work wonders on the SP
Modsaid be interested in hearing your views on what makes you think that? (IM on a bullish view also)
Looks as if we could be on the way to a nice profitable company. Thank you Melanie.
Market report: Oil slide drags FTSE lower Date: 11-12-2015 10:18 Keyhole surgery tool-maker Surgical Innovations (SUN:AIM) climbs 15.3% to 1.8p on trading improving in the second half and extending debt maturities by six months to the end of October 2017.
The boys have nearly driven this company to disaster. I'm sure we will now make good progress. Thanks and good luck Melanie, we'll soon have a great company again!
Full marks to Doug, he has handled this change beautifully!
Has a lot to prove but he's done it before and has a good reputation. It's isn't as if SUN doesn't still have its core customer base so no reason it can't get back to 3 or 4p and put the US debacle behind it.
Could be worse. Moving in the right direction but clearly going to be a long slog here.
Not sure I would want to participate in one without some sort of good news/prospects. Done too much chasing to the bottom on other shares. The crazy thing is we have some fantastic ground breaking products, yet still we just drift along.
thanks for your post, hope you get even again soon. Do you think we may see a rights issue?
Hi. Nothing major, Just confirmation of completion of loan covenants renegotiation. Scant on detail but am assuming it has slightly loosened the noose around our neck in view of recent losses. Just look in here from time to time as, with average sp of 4.4p, this is firmly in my bottom drawer. regards
what is the news? what's going on?
Good on the face of it but at what cost. The devil is usually in the detail methinks
I have not been following this, and am not invested here. But I was intrigued by today's RNS and cannot decide whether it is good or bad news.
down again
I think it might help to have some new blood on the BOD.
setting?
an emergency rights issue?
Down again
Again again
Extract "The Company currently has a term loan of £3 million from Yorkshire Bank which is repayable in April 2017. After taking account of cash balances, net indebtedness to Yorkshire Bank was £1.54 million at close of business on 29 June 2015. The term loan carries a number of financial covenants, including a profitability covenant requiring EBITDA (earnings before interest, tax, depreciation and amortisation) of a minimum of £600,000 for the year ending 31 December 2015 (the "EBITDA covenant"). The Board is now of the view that the Company is unlikely to be able to meet the EBITDA covenant and is therefore commencing formal discussions with Yorkshire Bank in relation to this matter. Further announcements will be made as appropriate." ...DYOR, all...opinion only, of course
like a rights issue?