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Synergy Healthcare - Shares surge on positive update

May 2009

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:
  • 368p
Shares in Synergy enjoyed a useful one-day rise of 43p after it announced a positive trading update for the fourth quarter to 29 March. Carrying on from the positive trends seen in Q3 all the main businesses have continued to see sustained growth. Importantly, margins are also improving, particularly in the decontamination business following its earlier restructuring measures and it has done well to offset rising input costs caused by the strengthening US$ and Euro versus £sterling. Net debt has edged up from £167m to £170m but with several major capital expenditure projects about to be completed this should fall in the medium-term. Full year results will now be released on 4 June, with eps forecast to be 37.5p, rising to 41.6p ...

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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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