6 September 2024 - contract
Yet another contract has been won by the security and surveillance group Synectics and although it is only worth $3.2m this continues the strong momentum at the group. The contract is to upgrade and extend the surveillance system at a gaming resort in South-East Asia and is additional to the $10m contract announced in June for the same customer. Although the contract will be delivered in the year to 30 November 2025, it helps to provide visibility of revenues and we believe the shares remain a BUY
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