Synthomer Share Discussion Threads

[philanderer] 19/2/2020 09:08

Market open: .....On the downside, Synthomer was knocked lower by a downgrade to 'hold' at Peel Hunt .. Alliance News tp 360p cut from 375p

[philanderer] 12/2/2020 23:43

Canaccord trims target for Synthomer as coronavirus hits demand Analysts at Canaccord Genuity trimmed their target price for shares of Synthomer due to the expected hit from the Covid-2019 virus and after pushing back the expected completion date for the acquisition of Omnova from 1 January to 1 April. One small positive for the company from the Chinese coronavirus would be increased short and medium-term demand for the styrene-butadiene rubber that it manufactures, which is used in gloves. But that effect would be more than swamped by the negative effects of the virus on its other businesses, analyst Alex Brooks said in a research note sent to clients. Brooks also noted the "mixed" industry commentary as regards the first quarter, pointing out that energy appeared to be "markedly weak". Its Dispersions arm on the other hand appeared to be "fairly robust". "We nonetheless see a degree of caution on the 2020 outlook as appropriate and have nudged numbers down accordingly," the analyst said. Brooks lowered his target for the shares from 460.0p to 450.0p but stayed at a 'buy'. The analyst also pointed out that at his new target price, the shares were would be trading at roughly 10.3 times' its estimated 2021 EV/EBIT, which was in line with the long-term valuation of the sector. HTTPS://www.sharecast.com/news/broker-recommendations/canaccord-trims-target-for-synthomer-as-coronavirus-hits-demand--7307880.html

[philanderer] 23/1/2020 19:08

The superior returns of the UK's mid-cap market were in focus today when a City bank named Britvic (LSE:BVIC), McCarthy & Stone (LSE:MCS) and TalkTalk (LSE:TALK) among eight stocks to help continue that run. Deutsche Bank also included Countryside Properties (LSE:CSP), Gamesys (LSE:GYS), GoCo (LSE:GOCO), Synthomer (LSE:SYNT) and Wizz Air (LSE:WIZZ) in a “balanced portfolio” for the first edition of its Top 8 Mid-Cap picks. .....It added that the valuation of Synthomer (LSE:SYNT), which is one of the world’s biggest suppliers of aqueous polymers, was compelling at 11.8 PE. ii.co.uk

[philanderer] 23/1/2020 17:18

Or maybe not.

[philanderer] 23/1/2020 10:32

Morning knighty. Haven't a clue , very volatile though. I'm wondering if a few of those who bought in the rights issue have stopped unloading ?

[knighty0001] 23/1/2020 05:59

Nice little rise. Any ideas or have the sellers topped selling.

[philanderer] 15/1/2020 17:24

Yes, I'm holding on. Some big sales today.

[scooper72] 15/1/2020 15:18

Are u not tempted to hold on for the decent dividend?

[philanderer] 15/1/2020 15:07

gilesy , I see no reason to disagree with any of that.

[gilesy] 15/1/2020 15:03

i sold out today at 3.34 as I have 2 major concerns the 3rd quarter update was very negative and also the 2020 outlook they are overpaying for the omnova asquisition in my view - the last 6mths trading statement showed a profit of under 2 million dollars I expect this share to fall under £3 in next few months

[philanderer] 14/1/2020 10:10

Profit warning from Elementis.

[philanderer] 03/1/2020 16:33

Or maybe not ;-)

[philanderer] 02/1/2020 14:19

Good start to the year.

[philanderer] 20/12/2019 10:02

Deutsche Bank reiterates 'buy' .. tp 410p up from 340p

[philanderer] 19/12/2019 18:15

SYNT about the only one of mine that moved today... 450k traded

[philanderer] 16/12/2019 11:03

Jefferies initiates coverage with 'buy' and tp 375p

[tricky1992000] 13/12/2019 16:08

Sold out today..... BP looks interesting.

[philanderer] 12/12/2019 10:38

upgrade.. 12th dec Morgan Stanley 'neutral' .... tp 300p

[philanderer] 31/10/2019 09:37

++ DEUTSCHE BANK CUTS SYNTHOMER PRICE TARGET TO 340 (375) PENCE - 'BUY' ++

[philanderer] 28/10/2019 09:51

28th oct Peel Hunt 'buy' tp 375p cut from 435p updated: 28th oct Berenberg buy tp 345p 28th oct Deutsche buy tp 375p 28th oct Peel Hunt buy tp 375p 25th oct Canaccord buy tp 550p 25th oct ++++ Q3 update ++++

[scooper72] 25/10/2019 11:34

My SIPP was already in the red on these but had just bought some for my ISA and they seemed to be doing ok but now those are minus seven percent. Will probably keep both holdings long term as it looks like a good business going forward over the next 10 years and at least there is the dividend which seems well covered and which has been growing over the years.

[philanderer] 25/10/2019 11:29

Plenty of broker comment here.. https://ftalphaville.ft.com/marketslive/2019-10-25-2/ Canaccord retains 'buy' tp 525p ..... reduced from 550p