Hi
Does anyone have a view on SNX following interims - seems to me the figures are quite encouraging along with new contract announced yesterday but market has gone down circa 8% so far today.
Hi,
I posted on it at about 8.00am.Some people were worried about the order book at 31st May compared to previous order books and felt that the outlook statement was a little cautious, stressing the risks. Dan Coatsworth, of Shares magazine, tweeted earlier that he had talked to the CEO who reassured that it was not meant to be cautious and that the "uncertainty risk" over contract timing and implementation was always the case. Which slightly begs the question as to why they feel they have to mention it! I also think that the 20% increase in the dividend was meant as sign of their confidence. The stock has had a bit of a run-up in the last week, so a bit of profit taking by the "short termers" should not be surprising. I hold 2.4% in the JIC portfolio. www.JohnsInvestmentChronicle.com
