Having delivered FY2017 results in line with expectations, Synectics plans to increase its investment in R&D by c.£0.5m in FY2018 to maintain its technological competitive advantage. We have adjusted our PBT forecasts to reflect this and that we now expect lower sales in Systems. The £3.8m of net cash at end November 2017 supports both the additional investment and a continuation of the progressive dividend policy in our view. With further profit recovery merely deferred we re
20 Feb 2018
Increased R&D investment to ensure growth
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Increased R&D investment to ensure growth
Synectics PLC (SNX:LON) | 168 0 0.0% | Mkt Cap: 29.8m
- Published:
20 Feb 2018 -
Author:
Robert Sanders -
Pages:
8
Having delivered FY2017 results in line with expectations, Synectics plans to increase its investment in R&D by c.£0.5m in FY2018 to maintain its technological competitive advantage. We have adjusted our PBT forecasts to reflect this and that we now expect lower sales in Systems. The £3.8m of net cash at end November 2017 supports both the additional investment and a continuation of the progressive dividend policy in our view. With further profit recovery merely deferred we re