Today’s AGM statement confirms that Synectics is currently on track to meet market expectations for the full year to end November 2017. A gaming customer has awarded a further contract worth c.US$1m since the announcement on 11 April 2017 of three major contract wins. This is additional evidence, in our view, that the company’s focus on its key verticals is working. With the potential for the sales momentum to continue we are happy to maintain our DCF-derived 315p target price and
27 Apr 2017
Reassuring AGM statement
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Reassuring AGM statement
Synectics PLC (SNX:LON) | 188 4.7 1.4% | Mkt Cap: 33.4m
- Published:
27 Apr 2017 -
Author:
Robert Sanders -
Pages:
2
Today’s AGM statement confirms that Synectics is currently on track to meet market expectations for the full year to end November 2017. A gaming customer has awarded a further contract worth c.US$1m since the announcement on 11 April 2017 of three major contract wins. This is additional evidence, in our view, that the company’s focus on its key verticals is working. With the potential for the sales momentum to continue we are happy to maintain our DCF-derived 315p target price and