A longer term hold for me as the company (software) recovers after the tech boom and bust ..... New Management - new strategy and today another new contract...



ains





Synstar wins new #15m seven-year contract with AWE



Synstar Plc, the pan-European IT services provider, has signed a new #14.96
million, seven-year contract with the Atomics Weapons Establishment (AWE). The
contract will see AWE using four out of Synstar's five service lines; managed
services, hardware maintenance, data management and networking services.

AWE manages the design, manufacture and in-service support of nuclear weapon
systems for the United Kingdom's defence capability. Across six AWE sites in
the UK, Synstar will provide 40 technicians to oversee the provision of full
infrastructure services to more than 6,500 scientific, research and technical
users. The first phase of the contract begins on 1 April 2003 and will run for
a period of seven years. AWE then have the option to extend the contract to a
second and third service phase.

The business was won in a competitive tender with ten other firms, including IBM
Global, Fujitsu, EDS, HP/Compaq and Serco.

Chris Locke, Head of IT Business Systems at AWE, said: "We were determined to
find a partner who was experienced in providing end-to-end services, able to
demonstrate innovative approaches to our technology requirements and to do so in
a cost effective manner. Following extensive competition and evaluation phases,
we have chosen Synstar as that partner.

Synstar CEO, Steve Vaughan, said: "In 2001 Synstar first outlined its strategy,
which included targeting larger customers with innovative multi-service
offerings under long term contracts. Much like the arrangement with Westland,
today's deal provides further evidence of the successful implementation of this
strategy."

12/05 Arbuthnot Securities has a buy rating for Synstar but reduce ratings for IMI and Weir Group and hold stances on LogicaCMG and TT Electronics



Ticking up today as a result - 61/63p up 1.64% in a down market - 160k traded which is about average

Aberforth Partners now hold 18.2 million shares or 11.21%

Artemis Investments now hold 12.1 million shares or 7.46%


looking good and ticking up again

Whatever hapenned to Ainsoph?

Not sure if Synstar morphrd into Synopics or not, but here is the latest news release if they did.

Click HERE

Well if you had read the case of the "canoe man" John Darwin you would
have seen some striking similarities with the legend ainsoph/kdc !

It emerged he had a hidden room where he was trading shares and they found
20 porcelain frogs there, (kdc was obsessed with Tadpole Tech), also he had
some kind of fantasy life which is also similar with ainsoph/kdc and he also
vanished around the same time !

pie in the sky maybe but my friends that used to post on that advfn Tadpole
thread think it's not as crazy as it first sounds :-))