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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Synergy Health - Eps at top end of expectations

June 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.

  • Epic Code:
  • SYR
  • Price:
  • 620p
Synergy has reported that it expects to report earnings per share at the top end of market expectations for the year to 28 March. In addition, strong cash flow has reduced net debt by £36m to £134m. Preliminary results are due on 3 June. Broker, Brewin Dolphin notes that with management having got the business back on track last year, investor interest will now turn to prospects for revenue growth and opportunities in China. It has lifted its current year eps forecasts 5% to 50.9p and price target is 737p. The shares, which were originally added to the TMI Trader Portfolio in July ‘03 at 226p, have gained 174%, but remain inexpensive. Keep running profits. ...

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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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