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Synergy Healthcare - Preferred bidder for second PFI

December 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
nstrument sterilisation services and linen management group, Synergy, has hit an all-time high, after highly impressive interim results, plus news that it has been selected as preferred bidder for a second PFI hospital contract. Turnover increased 25% to £15.3m, and pretax profit jumped 81% to £1.7m, while earnings rose 69%to 5.35p.  Prospects are stronger than ever with forward orders having increased from £160m to £230m, while over 90% of forecast salesfor 2005 are already booked! In Synergy's larger sterilisation services side, operating profit rose 59% to £1.4m, driven by both volume increases, but also margin improvements from the former HCS sterilisation sites, through efficiencies from Synergy's ...

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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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