Updates

Synergy Health - Eps up 23%

July 2010

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.

The profit warning, which blighted Synergy eighteen months ago has now been fully exorcised by record results. Revenues increased 5% to Â£286m, pretax profit rose 25% to Â£32.6m and eps increased 23% to 45.8p. Net debt pleasingly fell from Â£170m to Â£133m. Synergy, whose three main activities comprise decontamination services, such as sterilisation of surgical instruments and procedural packs, commercial sterilisation for the food and medical markets and linen management services, has reorganised its business to report across three regions: UK & Ireland, Europe & Middle East and Asia & Africa. In UK & Ireland (54% of profit) revenues grew 3% while the focus was on rebuilding margins, which increased a massi ...

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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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Synergy Health - Eps up 23%

July 2010

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