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Synergy Heathcare

August 2003

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:
  • 235p
The AGM statement reiterated the Department of Health spending plans to modernise the provision of hospital decontamination. As we said in Sharewatch last month, there is likely to be a phased transfer to the private sector. Synergy notes 475 hospitals are currently serviced by 276 sterilisation units, each costing £0.75m per annum. Tendering for the contracts will proceed on a region by region basis with tenders for nine hospitals in Leeds already being reviewed whilst tendering for a second cluster of 25 hospitals begins in October. That’s on the sterile services side. On the hospital linen management side, Synergy has announced two further contracts. Total order book is now  £220m.The shares ...

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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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