Updates and Ideas

Synchronica - Management dismiss funding worries

September 2006

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.

Shares in Synchronica (SYNC; 14p), which develops solutions for configuring and using mobile phones, are currently standing close to their all time lows, which values the business at less than its cash. But then the market can be forgiven for thinking this business is about to go bust; Synchronica had cash of £4.9m as at the end of June and even though costs have been cut, it is still burning its way through £300,000 a month. Having recently changed its business model and with sales of only £623,000 in the first half, it’s not hard to draw that depressing conclusion. In fact, the pressing need for further funds was the first question we put to the management when we met them last month. Recently appointed ...

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Synchronica - Management dismiss funding worries

September 2006

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