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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Synergy Healthcare - 286% gain to date

August 2007

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:
  • 876p
Synergy Healthcare has continued its reputation for generating forecast-busting results and this sent the shares soaring to a new high of 878p. For the year ended 1 April, sales increased 31% or 20% before a first-time contribution from Isotron. Excluding a £4m charge relating to a contested insurance claim, pretax profit rose 33% to £16.9m, while adjusted eps rose 23% to 29.2p. Encouragingly, the forward order book has increased from £600m to £700m. Net debt was £98m, leaving £32m of unused facilities, while gearing was a comfortable 52%. Synergy’s largest business, Patient Care, which comprises the Heathtex and Shiloh businesses in the UK and LTS in Holland, again performed well ...

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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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