Synthomer Share Discussion Threads

[salpara111] 16/5/2013 15:24

Given that I am long I like any broker target that is optimistic however I really dont give any real credibility to them.
I guess the issue now is that the market is so highly valued that unless companies offer up perfect results they get hammered.
personally I thought the share price would drop maybe 3-4% today and was rather gobsmacked to see them down over 10% at one point.

[libertine] 16/5/2013 14:44

16 May Synthomer SYNT Morgan Stanley Overweight 205.25 225.00 290.00 290.00 Retains

[peaeff] 16/5/2013 10:36

A couple of years ago there were very strong rumours that YULC (as it was then) was about to be swallowed up but nothing came of it. That sent the share price up around the 250p mark. Perhaps they want to keep the share price at certain levels in the hope of attracting a buyer but I don't think I shall return.

[mrminister] 16/5/2013 09:59

i would wait until tomorrow for a bounce back .....might put 10p back on for you .....seen it so many times before on this stock, the co must have this rns saved up to repeat every 1/4 to save em drawing up a different one ......hawkish every time its pitiful

[salpara111] 16/5/2013 09:55

Nearly top of the loser board today...quite impressive!
Clearly I am not going to get my bounce to exit close to my b/e point but I will definitely sell today as this has one way ticket back to 180 written all over it.

[libertine] 16/5/2013 09:32

Date Broker name New Price Old price target New price target Broker change
16-May-13 Canaccord Genuity Buy 210.00p 272.00p 253.00p Reiteration

[salpara111] 16/5/2013 09:08

The annoying thing is that they are not expensive but they keep releasing statements like this one where the focus seems to be drawn to 2 months of poor trading in Europe as opposed to good results in asia.
I missed the chance to get out first thing but will try and ditch at least half my holding if we get some strength through the day.

[jange] 16/5/2013 09:07

Have held these since the rights issue a couple of years ago. Watched them with horror as they've gone up and down a couple of times but I can't stand it anymore and I'm out. I just really don't see any reason for them to go up much. Not a good trading statement.

[chickcrumbs] 16/5/2013 08:58

I bought when it took it's last swoon and I think some of the recent rise was in anticipation of this trading statement which has clearly disappointed.

I have sold half my holding at 215p and hope to buy it back if the markets have a correction taking SYNT with them. I think SYNT is still inexpensive but can't see anything that could drive the price up in the near term although, I think, as a long term investment it has a great deal going for it. I'm often wrong which is why I kept half.

[bigbertie] 16/5/2013 08:43

so no rubber gloves in Europe this year?? why is demand so variable? or is there over-capacity in the industry? why do they want to concentrate on so apparently unpredictable a market?

[peaeff] 16/5/2013 08:37

Good luck to all for the future I'm sure this will eventually come good but I'm not prepared to tie up my funds any longer here. Management to me seem hell bent on keeping the share price at certain levels and as I said (71) they just can't resist the 'economic restriction' route.

This IMS is in stark contrast to the end of year statement. I always get the feeling that the doom and gloom of one statement is so they can tell shareholders how wonderful their efforts have been when they produce 'unexpectedly' good figures at the end of the year. Glad to be out.

regards

[salpara111] 16/5/2013 08:29

Well, I am going to exit on any bounce today.
I should just about manage to break even but have nothing to show for my 3 month investment.

[peaeff] 16/5/2013 07:31

Here we go again, yet another doom and gloom statement with a slight beam of light at the end of the tunnel.

The mind boggles as to how this share has made the progress it has over the last few weeks ahead of an IMS like this.

Hopefully it won't drop too much at open and I can escape with a loss much reduced from what it was 10 months ago. my finger is on the button.

regards

[broadwood] 15/5/2013 16:54

Yep. AGM and update tomorrow.

[salpara111] 13/5/2013 09:32

I do wish that all companies would stop using the "ongoing economic turmoil in Europe" as an excuse, its the "new normal" so shut the Fu*k up and get on with it!
The impressive thing about Synt is that it was Europe that performed well at the last results, they really need to turn around the profitability of the asian business as that is where future growth will have to come from.
Having said all of that, the business does trade on a rather low p/e rating so if it can show that it can grow in asia a re rating could easily see the share price at the 300p level.
Any business that makes substantial acquisitions inevitably has a period of underperformance while they integrate.
They need to increase their divi and have indicated that they will do so over the next couple of years so that it another concern taken care of.

[peaeff] 12/5/2013 11:13

Bought these at 239p a year ago and have been stuck here since. There was no rhyme nor reason for the sharp fall that followed, down to around 117p, in a very short time. However the CEO has got a habit of mentioning the current world economy and restricted trade opportunities and, to the market, it's like red rag to a bull.

Historically over the past few years when the share price has got anywhere near 250p there has been a very significant fall following.

I shall be glad to get withing striking distance of what I paid and will be out, hopefully, with a slight loss.

[markfurn1val] 10/5/2013 17:37

Trading statement on 16th May according to the Synthomer website

[salpara111] 10/5/2013 16:58

Well, there should be a trading statement soon which will either allow it to continue towards the 250 mark or will hold it back.

[johnv] 10/5/2013 12:52

Expecting this to carry on up.

[salpara111] 01/5/2013 15:19

Not sure what you mean, the share price has been recovering after having be hit by a big seller offloading most of their stake.
They trade on a p/e of only about 8 so there is plenty of room for the share price to bounce back, unfortunately I bought my stake just prior to the big offload so am still underwater but not overly concerned.

[broadwood] 01/5/2013 08:18

Strewth. What's happening here today? Must investigate.

[trademap] 25/4/2013 19:33

Creeping back, maybe.

[richardbroughton] 16/4/2013 16:03

NB, let's hope so, I think I will top up when this slide has run it's course.

[nb1979] 16/4/2013 14:25

RichardBroughton: Fair points Richard. 'Solid' is very open to interpretation and in my view it is a company that 'delivers the goods' and feel on that basis the value will come out in the end. Regards NB

[richardbroughton] 16/4/2013 11:28

NB1979, I like this company and have a significant holding based on long term future prospects but IMO it cannot be currently described as solid, in B/S terms anyway. Any company where intangibles are 33% more than the net B/S worth is not solid unless there is massive intellectual property in the form of a major brand name or patent rights etc which I don't think is the case here. There was obviously a lot of goodwill in the last purchase which will have to worked off and is IMO one reason why the share price is being marked down. regards Richard