The MM's do not normally allow long-term holders to leave so easily after years of messing around with the price.
This is a profitable, unexciting company (previously) which may now be showing signs of living up to the promises.
The US hospital deal is a good first step, and the prospects of developing tools that avoid engineers taking expensive engines apart is very appealling, in these times of tight margins. If the airplane industry can reduce mechanical failure downtime, then I am sure they will want that sort of technology.
The company has always invested in R&D, refusing the chance to show higher profits, and with this level of concerted R&D, a company normally reaps the rewards at some point. Hopefully for SUN holders now.
The spread and the opinion of the management has always held this back from any sort of price rises.
They need more distribution deals in MI's and developments in the engineering division to be certain of success, but there is no reason why PI's are not starting to believe the company can go somewhere.
Compare this company to BES (different industry I know, but similar t/o) and you can see that they are valued at £5.6m (even after announcing a deteriorating gross margin, and worsening pre-tax losses at £1.7m on a t/o of £3.5m.
Held both previously, but I know which one I would prefer to hold at the moment.
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