Synthomer Share Discussion Threads

[philanderer] 27/4/2020 13:57

Trading update wednesday

[james dean] 17/4/2020 14:22

Makes sense.

[philanderer] 17/4/2020 14:02

HSBC RESUMES SYNTHOMER WITH 'BUY' - TARGET 310 PENCE

[philanderer] 30/3/2020 13:44

(Alliance News) - Synthomer PLC on Monday said Caroline Johnstone has been hired as deputy chair effective immediately, and will assume the role of chair following Neil Johnson's exit.

Johnson - who was appointed to the board in September 2011 - will serve as chair until the end of the year, after which he will be succeeded by Johnstone.

Johnstone is currently audit committee chair and joined the FTSE 250-listed chemicals firm as a non-executive director in 2015.

She has nearly 40 years' experience of working with large global organisations on turnaround, culture change, delivering value from mergers and acquisitions and cost optimisation programmes, Synthomer said.

[philanderer] 06/3/2020 10:38

6th march Deutsche buy tp 410p
5th march Peel Hunt hold tp 360p

[philanderer] 05/3/2020 09:58

Another dog to add to the portfolio.

[philanderer] 04/3/2020 08:59

Results tomorrow.

[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.

[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