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Synergy Healthcare - Bullish management

July 2002

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
Full year results to 31 March came in line with expectations. Turnover was £12.7m, an 18% rise on the previous year. The order book at the period end was £120m of which £24m is contracted to fall into the current year (compared to forecast sales of £27m). Profit before tax was £1.5m and eps was 7.4p. The hospital linen managementbusiness, accounted for £9.7m of sales, a rise of 14%, helped by ithaving three contracts renewed and winning five new ones. The openingof a second service facility in the South East to serve the Londonmarket has temporarily been put on hold as Synergy focuses itsattention on the developments within the surgical market following itsacquisition of Hays Clinical. Instead, capacity at existing pl ...

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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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