By Steve Moore | Monday 27 October 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in surveillance technology company Synectics plc (SNX) currently trade more than 30% lower, at 220p, on the back of an announcement that it “expects to incur an underlying loss for the full financial year” as “underlying profit for the second half of the financial year ending 30 November 2014 will be significantly below market expectations of £5 million, though still positive”. Is the severity of the downward share price lurch justified?
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