Security and surveillance systems company Synectics (SNX) has announced results for its year ended 30th November 2022 and that “with recovering markets, a sound order book and a strong pipeline of opportunities, the board is confident of further profitable growth this year”.
Last month Synectics (SNX) announced a half-year (to May 31st) pre-tax profit of £0.5 million and said that period end net cash was £4.2 million. At a current 115p offer price, the market cap is £20.5 million, so how much upside potential is there? We believe there is enough value and impending newsflow to get the shares to 155p and here is why.
Previously writing on security and surveillance systems company Synectics (SNX), in April with the shares down to around 116p I noted concern of what was required for the full-year with the shares on the watchlist. So what of now half-year results?
Security and surveillance systems company Synectics (SNX) has announced “trading in the first quarter of the new financial year was in line with the board's expectations… The company's consolidated order book as at 31 March 2022 was approximately £29.0 million (30 November 2021: £28.4 million) and the group's balance sheet remains strong with net cash of approximately £3.9 million at 31 March 2022”. So what of a current approaching 7% share price fall towards 116p?...
Previously writing on security and surveillance systems company Synectics (SNX), on its half-year results with the shares at 133.5p I reviewed the return to profit potential and concluded then just on the watchlist. Today a trading update and the shares up...but to 112.5p. What’s the latest?...
Previously writing on security and surveillance systems company Synectics (SNX), last month with the shares at 133.5p I noted the company plans to reinstate guidance on future trading with half-year results on 13th July but I suggest that’s not going to be particularly positive for this year at least. How is it?...
