Synergy Health (LON:SYR) (1062p and 3.7% of JIC Portfolio) I awake this morning to see that the Investors Chronicle magazine has a put a sell note on Synergy. The argument seems to be mainly based on valuation which it believes has got ahead of its growth prospects.
The Company is issuing its third quarter trading statement on Monday 11th February but having had a quick re-read of the November interim statement my hunch is to hold on. The stock has performed well since November's statement but on consensus forecasts is valued at 16.4x Aril 2013 earnings for 26% growth and 14.7x April 2014 earnings for 12% earnings growth. Whilst this is no longer screamingly cheap it also doesn't seem to me to be overly expensive. Fingers crossed for Monday!
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About the Author
Johnrosier
I manage my subscription website www.JohnsInvestmentChronicle.com in which I show my portfolio and all transactions. I blog within an hour of trading, with an explanation, and send an alert email to all my subscribers. I do not pretend to have all the answers but I hope my portfolio, and the trades, provides food for thought as well as helping those who are new to managing their own portfolios.I think what I do is unique. There are plenty of tipsters out there who will remind you of the good ones and quietly forget the duffers; I do not have that luxury as the portfolio is there for all to see. I have to confront my mistakes and deal with them. A tipster also does not show how a tip fits into the context of an overall portfolio. My portfolio of up to 30 holdings has different holding sizes based on my conviction behind the stock and its risk. I set up www.JohnsInvestmentChronicle.com in January 2012. Prior to that :In September 1984, I left university with a degree in Zoology and started work in the City of London. Over the next twenty five years most of my time was spent managing UK equity portfolios with Fleming Investment Management and Henderson Global Investors, for company and local authority pension schemes as well as the reserve fund for a well known charity. During 2009 I left full time employment and decided to take time out to consider the next stage of my career. In the meantime I have been putting my years of experience to good use investing the family savings. I have thoroughly enjoyed the freedom of investing from home and despite some tricky periods during 2011 it has been a rewarding experience. more »
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