Synectics’s year-end trading update is positive in our view. It expects to report adj. PBT in line with our £2.4m forecast on sales of £71m (vs our forecast of £75.2m). Despite the high levels of activity in the last two months it had c.£2m of net cash at year-end vs our £0.4m forecast. Gaming was the main driving force in FY2016 with trading solid in other areas bar oil & gas. At this stage, other than to the FY2016 sales, we make no other forecast cha
08 Dec 2016
No change to profit forecasts
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No change to profit forecasts
Synectics PLC (SNX:LON) | 168 0 0.0% | Mkt Cap: 29.8m
- Published:
08 Dec 2016 -
Author:
Robert Sanders -
Pages:
2
Synectics’s year-end trading update is positive in our view. It expects to report adj. PBT in line with our £2.4m forecast on sales of £71m (vs our forecast of £75.2m). Despite the high levels of activity in the last two months it had c.£2m of net cash at year-end vs our £0.4m forecast. Gaming was the main driving force in FY2016 with trading solid in other areas bar oil & gas. At this stage, other than to the FY2016 sales, we make no other forecast cha