Positive sentiment -sustainability?30 Aug 2013 12:15
I bought back in earlier this month, just a small investment, on the feeling that the SP had dropped back to a reasonably low level. The news regarding prospects in the USA, an expanding market place away from the surgical environment, and an economy that demands high-quality lower-cost equipment provided me with some reassurance that both the short-term and long-term future of the company are positive.
If memory serves me well, then the SP reached 12p(ish) with some investors hoping for a sales-drive increase in the SP and a dividend payment, however, the dividend did not appear and dilution spoiled the party, so investors slowly sold out. Steady sales figures, concerns about costs and a press release regarding a move to new premises that could impact on production kept the SP on a downward trend for the last year. The figures at the end of 2012 were lower due to a sale being carried over into the next period. The latest figures look good, partly to this carried over amount (~£1M?). The most recent news stated that the funding for the new premises is in place (£5.05M from a regional growth fund) and that there will not be any supply issues, and that 25 NHS hospitals have signed up to use SI’s products this year.
If I have to commit to bull or bear, then I will have to say that I am bull(ish).