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Synergy Health - Gain to date: 289%

March 2011

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:
  • 879p
The shares smashed through £9 at one point, hitting a new high of 948p, on the back of a positive update. Trading has been in line with revenue growth of 4.4% in the first nine months, implying over 7% in the third quarter. In the UK & Ireland revenues grew 2.5% to £112.4m, with a flat performance in linen contrasting with a sparkle from decontamination (+12.4%) and sterilisation (+9.2%). Despite anecdotal evidence of NHS hospitals rationing care, Synergy's volumes held up well. In Europe & the Middle East sales rose 6% to £88.8m and a similar picture emerged with linen sales flat and sterilisation up 11.3%. Finally, Asia & Africa rose 18% to £7.7m and although small has the greatest growth potential ...

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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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