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Synectics

January 2025

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:
  • SNX
  • Price:
  • 365p
Since my write up in August ‘24, the advanced security and surveillance systems business has seen its shares head into orbit helped by a string of contract wins - £2.2m contracts with National Grid, c.US$2.71m for casino projects in the Philippines and N. America, and two contracts worth c.£2.3m for oil & gas projects in Qatar and Brazil. Synectics ended FY24 with an order book totaling £37.8m and net cash of £9.4m. On the back of these wins, FY24 pretax profit forecasts have climbed from £3.5m to £4.3m on sales of £57m from £52.9m, with EPS raised to 20.3p from 16.8p. Next year’s forecast EPS is 23.9p with 29p a year after. Strong hold. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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