As anticipated, FY2018 was a year of investment at Synectics, although strong trading in Gaming led to both adj. PBT and revenue being slightly ahead of our forecasts at £2.9m (SSL £2.8m) and £71.2m (£70.7m) respectively. Investment in technology development increased to £3.1m (from £2.6m) and will continue at this higher level in the future. While the FY2018 DPS of 4.7p was below our 5p forecast, net cash of £8.1m was well ahead of our £6.5m pr
26 Feb 2019
Gaming expected to continue to drive profits
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Gaming expected to continue to drive profits
Synectics PLC (SNX:LON) | 188 0 0.0% | Mkt Cap: 33.4m
- Published:
26 Feb 2019 -
Author:
Robert Sanders -
Pages:
8
As anticipated, FY2018 was a year of investment at Synectics, although strong trading in Gaming led to both adj. PBT and revenue being slightly ahead of our forecasts at £2.9m (SSL £2.8m) and £71.2m (£70.7m) respectively. Investment in technology development increased to £3.1m (from £2.6m) and will continue at this higher level in the future. While the FY2018 DPS of 4.7p was below our 5p forecast, net cash of £8.1m was well ahead of our £6.5m pr