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Corporate Synergy - 'First Derivatives is a cracking company'

Companies: FDP    IMS    REH   
01/03/2005

Corporate Synergy, the increasingly active growth company broker, has bagged its first Israeli client ahead of an April AIM float. Leadcom, a fast-growing telecommunications solutions play, boasts customers including local telecommunication network operators and global carriers that are looking to roll out or extend their infrastructure.

The firm, looking to pull in up to £8 million from investors, is also reaping the benefits of the decision by heavy-hitters like Nokia and Nortel to cut back their own professional service operations; Leadcom now partners with these major manufacturers.

On the new issues front, the brokerage recently brought Renewable Energy Holdings to AIM, raising a very respectable £10 million (£8.9 million net of costs) for the firm at 50p.

Elsewhere, interim figures from software play Dicom prompted sales and earnings upgrades from analyst Johan Unnerus, who re-iterated his buy recommendation. And an IT support deal for First Derivatives prompted bullish comment from analyst and long-term fan Luke Ahern, who insists the systems support venture is 'a cracking company', that is 'growing its scale and profits rapidly, both in Europe and the US'. Colleague Simon Lapthorne expects further contract announcements from Corporate Synergy's subtitling client Independent Media Support following a recent three-year exclusive tie-up with the Sci-Fi Channel, a subsidiary of NBC Universal.


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