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Synergy Healthcare - Performing ahead of expectations

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SYR
  • Price:
  • 310p
Synergy issued a positive  update which said that results for the year to March will beat  expectations.  The market reaction was to mark the shares up by  25p to 297p, a new high. The surgical division (60% of sales) continues to secure new contracts. A thirteenth sterile services department will shortly open. Synergy also said it was one of four contenders for the Leeds/Bradford NHS Trust decontamination service but the selection of a preferred bidder is not expected until this summer. Meanwhile, it is also benefiting from a government initiative launched in September 2003 to introduce fast track surgery centres (ISTCs) and is working with a number of preferred suppliers.  The hospital linen busin ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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