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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Synthomer Plc | LSE:SYNT | London | Ordinary Share | GB00BNTVWJ75 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -4.00 | -1.66% | 237.50 | 48,911 | 11:20:10 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 237.50 | 239.50 | 247.50 | 237.50 | 242.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Chemicals & Chem Preps, Nec | 2.02B | -67M | -0.4096 | -5.82 | 390.11M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:31:38 | AT | 52 | 237.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/4/2024 | 10:43 | UK RNS | Synthomer PLC Tender offer results |
| 15/4/2024 | 12:07 | ALNC |  Synthomer sells latex compounding operations for EUR27.5 million |
| 15/4/2024 | 07:00 | UK RNS | Synthomer PLC Divestment of Compounds |
| 12/4/2024 | 12:14 | ALNC | IN BRIEF: Synthomer prices EUR350 million senior notes offering |
| 12/4/2024 | 07:00 | UK RNS | Synthomer PLC Pricing of senior notes |
| 09/4/2024 | 17:58 | ALNC | IN BRIEF: Synthomer launches EUR350 million senior notes offering |
| 09/4/2024 | 15:47 | UK RNS | HSBC Bank plc Pre Stabilisation Notice |
| 09/4/2024 | 08:09 | UK RNS | Synthomer PLC Notice of tender offer |
| 09/4/2024 | 08:09 | UK RNS | Synthomer PLC Proposed offering of senior notes |
| 28/3/2024 | 14:38 | UK RNS | Synthomer PLC Director/PDMR Shareholding |
Synthomer (SYNT) Share Charts1 Year Synthomer Chart |
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1 Month Synthomer Chart |
Intraday Synthomer Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/4/2024 | 10:47 | Synthomer - formerly Yule Catto | 5 |
| 12/4/2024 | 08:30 | Synthomer | 1,633 |
| 07/8/2018 | 19:23 | Synthomer (SYNT) One to Watch on Monday | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:31:38 | 237.50 | 52 | 123.50 | AT |
| 10:31:37 | 237.50 | 30 | 71.25 | AT |
| 10:31:37 | 237.50 | 12 | 28.50 | AT |
| 10:31:37 | 237.50 | 37 | 87.88 | AT |
| 10:31:37 | 237.50 | 26 | 61.75 | AT |
| Top Posts |
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Posted at 25/4/2024 09:20 by Synthomer Daily Update Synthomer Plc is listed in the Chemicals & Chem Preps, Nec sector of the London Stock Exchange with ticker SYNT. The last closing price for Synthomer was 241.50p.Synthomer currently has 163,567,621 shares in issue. The market capitalisation of Synthomer is £390,108,776. Synthomer has a price to earnings ratio (PE ratio) of -5.82. This morning SYNT shares opened at 242p |
Posted at 06/4/2024 12:28 by mirabeau Interesting and it seems informed comments from ION, dated end Fed 2024 :. It seems more disposables to reduce debt is on the cards and maybe a potential bid thrown into the pot to keep things bubbling :-- Synthomer lines up European carveouts for 2024, sources say 29th February 2024 07:49 AM By Kezia Joseph and Georgina Barnard Synthomer [LON:SYNT] is exploring several carveouts of its European assets, according to three sources familiar with the situation. The British chemicals business is looking to divest its Compounds and Paper Latex units, both of which sit within the wider Paper, Carpet & Foam division, according to all of the sources, with banks believed to have been selected to run an auction. According to one of the sources, Synthomer’s Compounding business is being marketed off EBITDA of GBP 10m, and the unit has sites in the Netherlands and Germany. One of the sources added that Synthomer may also consider offloading its Additive Solutions unit. The potential carveouts would follow Synthomer’s attempted sale of its William Blythe division last year. The inorganic materials unit was expected to be marketed off EBITDA of GBP 7m – GBP 8m, but interest in the sale has since waned. As previously reported, Synthomer’s SBR Latex and Acrylic Monomers operations have also been flagged as potential exit options. These units sit within Synthomer’s Health & Protection and Coatings divisions, respectively. The potential divestments come as Synthomer reported a drop in revenue across the board for its various units, according to its most recent financial report. Synthomer’s Coatings & Constructions Solutions division saw revenue drop to GBP 55.1m in 1H23 from GBP 80.3m the previous year while Health & Protection and Performance Materials saw revenue fall to GBP 11.3m in 1H23 from GBP 59.2m a year earlier, according to the company’s half-year 2023 report. Synthomer’s EBITDA fell to GBP 72m for 1H23 from GBP 162.8m a year earlier. In 2019, Synthomer launched a strategic review of its SBR latex operations, following which it decided to close its facilities in Finland and reduce production in Germany in response to declining demand. SBR latex is used for the coating of graphic and packaging paper, and the move to electronic media has put a strain on the paper market. At the end of 2022, Synthomer sold its OMNOVA laminates unit to Surteco Group [ETR:SUR]. The company’s share price sits at 146.8p as of today (February 29). The shares are down 20% year-to-date, for a GBP 240m market cap. Last month, this news service flagged Synthomer as a potential takeover target for 27% shareholder Kuala Lumpur Kepong, which attempted to acquire the business last year. Synthomer declined to comment. - |
Posted at 05/4/2024 12:26 by wigwammer The chair - Caroline Johnstone - has been in position since 2020. She oversaw the Eastman acquisition and the whole overleveraging of the balance sheet, despite being gifted a huge covid related profit windfall. She took a material pay increase last year. She really needs to stand up and explain to shareholders why she should be kept on, It appears atrocious given what the share price has done over her tenure. IMO |
Posted at 22/2/2024 14:43 by libertine 22 February 2024Synthomer still a ‘buy’ for Peel Hunt but disposals are needed Disposals are needed at Synthomer (SYNT) to catalyse a rerating of the chemical company’s shares, says Peel Hunt. Analyst Harry Philips retained his ‘buy’ recommendation but reduced the target price from 320p to 250p on the Citywire Elite Companies A-rated stock, which shed 2.4%, or 3.7p, to 151p on Wednesday. The shares are down 86% over the past year after swinging to a loss-making position and being forced to go cap in hand to the market in a £276m raise. Philips said ‘disposals are needed to accelerate the deleveraging process’. ‘In our view, the company has raised just enough, but without disposals, a rerating to our 250p target price is unlikely to happen organically in the short to medium term,’ he said. ‘We see the stock as an eyes-open “buy” that still has bumps and challenges, but also has a platform.’ |
Posted at 07/2/2024 10:59 by libertine EXPERT VIEW06 FEB, 2024 Berenberg recommends ‘buy’ Synthomer Specialist chemicals group Synthomer (SYNT) is at ‘the right time in the cycle for some action’, according to Berenberg. Analyst Sebastian Bray retained his ‘buy’ recommendation and target price of 320p on the Citywire Elite Companies A-rated stock, which fell 5.1% to 143.1p on Monday. Bray said the ‘key message’ from the trading update this month was that debt is down, with the corollary being that the shares increased ‘despite continued headwinds to the adhesives unit’ that saw earnings decrease modestly below consensus expectations. ‘Rising China chemicals imports and a recent bottoming of base chemicals prices in our view signal the start of a recovery in demand for chemicals in 2024,’ said Bray. ‘The pick-up in Synthomer’s volumes of nitrile latex in the fourth quarter appears consistent with the beginnings of a modest recovery, as reflected in the 12% rally in TopGlove shares since the start of December.’ He added that Synthomer is one of the ‘most levered to a macro recovery in European chemicals’. |
Posted at 12/1/2024 09:38 by libertine Berenberg cuts Synthomer price target to 320 (400) pence - 'buy' ?????????Berenberg lowers target price on Synthomer Fri, 12th Jan 2024 10:05 Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400.0p to 320.0p on Friday as it lowered its operating profit expectations for 2023-25. Berenberg stated that cyclical stocks with high indebtedness "do not put investors at ease", noting that the more than 80% decline in Synthomer shares over the last 12 months was "a case in point". However, the German bank said it was "more optimistic". "The firm has a leverage problem, although not a liquidity issue. Last year's £276.0m rights issue has bought time to recover," said Berenberg. "Construction market headwinds mean that the company will, in our view, show minimal progress in organically cutting its absolute net debt pile, even allowing for self-help." Berenberg, which reiterated its 'buy' rating on the stock, noted that the moment a cyclical recovery, fast or slow, materialises, Synthomer shares should jump - perhaps as drastically as they have fallen. "We have reduced our operating profit forecasts by a high-single-digit percentage on average for 2023-25, mainly reflecting lower construction-linked margins and volumes. Shares trade on 2025 price-to-earnings ratio of 4.2x, compared to long-run average of around 11.0x. Our price target would imply circa 9.0x," added Berenberg. |
Posted at 11/1/2024 13:36 by darrin1471 LOTM "They allowed the £1B purchase to go ahead without proper financing to be in place at the time. A criminal decision."At the time of the acquisition (28/10/2021) BofE rates were 0.1%, we were exiting covid and the SYNT share price was near all time highs. Congratulations to all of those who had a crystal ball in 2021 and shorted SYNT. The share price was not a sudden collapse but a long 2 year fall. There was plenty of opportunity to sell. Small investors either took their eye off the ball or stuck their heads in the sand. I don't have a crystal ball but today the SYNT mkt cap looks good value, higher than average risk with higher than average potential reward. I still hold no position long or short in SYNT. |
Posted at 11/1/2024 10:34 by last of the mohicans Value destruction here has been incredible.Is a bit of an understatement! The share price is currently under 8p (pre consolidation) & before that it had been over £5. So some poor souls have lost over 98% of there money. I was in at £3 (pre consolidation) so the share price needs to go to £60 to break even, which simply isn't going to happen. I've been trading it for several months & mad a decent sum from it, to help bring down that break-even number. GLA LOTM |
Posted at 27/11/2023 22:40 by darrin1471 wigwammer. Thanks for the heads up on McBride 18 months ago. Last months rise makes it my biggest holding. I continue to hold MCB as I see further upside in re-valuation and even higher profits.I've had SYNT on a watch list for a few months and now the dust has settled I have taken a deeper look and I quite like the look of what I see. The strategy of a specialist chemicals company looks sound. The price SYNT paid for Omnova and Eastman’s Adhesive Resins looks reasonable. The Eastman’s timing is unfortunate but at the time of the acquisition (28/10/2021) BofE rates were 0.1%, we were exiting covid and the SYNT share price was near all time highs. The sale of non core business and the return of normal trading conditions should lead to a significant recovery. I hold no position in SYNT at the moment. |
Posted at 07/9/2023 12:24 by darrin1471 If I bought 10,000 shares today at 42p it would cost me £4200.Consolidation of share 20 to 1 would leave me with 500 shares worth £8.40 and the total value would remain £4200 6:1 rights issue at £1.97 would mean I could buy (6 x 500) 3000 at £1.97 costing £5910 I would end up with 3500 shares costing £10,110. Current shares in issue 467m x 42p share price is a mkt cap of £200m 467m shares consolidated at a rate of 20:1 would be 23.35m 23.35 x 6:1 rights issue would be 140m new shares issued as per announcement As of 8am 26/09/23 shares will be consolidated 20:1. I will end up with 500 shares trading at £8.40 (current price 42p x 20) If I still hold shares at the close of business of 26/09/23 I will be entitled to the 6:1 rights issue. On opening on 27/09/2023 share price will fall to £2.88. (((£1.97 x6) + £8.40)/7) I would have 3500 at £2.88 = £10,800 Valuation would obviously change with share price I am not in my comfort zone here. Does that sound right? |
Posted at 07/8/2022 16:47 by jonwig This is the IC tip, from Friday (at 211p):Synthomer (SYNT) is an example of how short-sighted the stock market can be. Demand for PPE during the pandemic turbo-charged performance elastomers (PE) sales. Synthomer's share price almost doubled. Now PE sales are back to pre-pandemic levels, the share price has almost halved, so we are back to where we started. The difference between now and before the pandemic is inflation. The cash profit (Ebitda) margin dropped from 26.2 per cent to 13.0 per cent. The need to stockpile raw materials to mitigate against supply chain disruption has also tied up more working capital in the business. Free cash has therefore swung from an inflow of £89.5mn last year to an outflow of £62mn. The combination of the cash outflow and the £759mn acquisition of Eastman’s Adhesive Resins means net debt has risen to £993mn from £355mn. This acquisition enabled the business to launch a new Adhesive Technology division that generated £131mn of revenue last year. This will diversify the business, and Synthomer insists that adhesives is a higher growth segment. If the investment in Adhesive Technology is a success, then the business will be a better place leaving the pandemic than going in. Cash profit of £173mn is 74 per cent higher than the same period in 2019. The fact the share price sits around half its 2019 level is rather indicative of the global economic slowdown and Synthomer's increased debt. FactSet consensus expects earnings to rise to 39p in 2023 which gives a very affordable 2023 PE ratio of five. Earnings aren’t going to race forward, but at these prices there looks to be value here. Buy. I don't hold, but the share price seems weird! |
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