Bombed-out mobile communications specialist Synchronica says last year's loss should be nearly halved to £3 million.

The Tunbridge Wells-based company adds that it expects last year's turnover to have doubled to £2.1 million. After raising £1.8 million at 6.25p from investment group Lanstead Partners, AIM-quoted Synchronica says it believes it now has 'sufficient cash to meet its present needs'.

Floated at 130p in 2004, Synchronica shares once traded above 500p, but later fell almost out of sight and now stand at 6.88p. If the company's present optimism about its potential role in mobile internet access is borne out, the shares could offer some speculative recovery possibilities for the brave and patient.

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