Synthomer Share Discussion Threads

[philanderer] 16/6/2020 23:56

(Alliance News) - Moody's Investors Service on Tuesday assigned a Ba2 rating to Synthomer PLC's new EUR520 million senior unsecured notes, and the agency retained its negative outlook.

The chemicals firm on Tuesday said it is planning to offer EUR520 million of unsecured senior notes due 2025 in order to refinance its bridge facility.

"The affirmation of the Ba2 rating takes into account Synthomer's continued commitment to a conservative financial policy with the stated target of lowering the reported net leverage to 2x or less and also the company's good historic track record of integrating acquired businesses," Moody's explained.

The notes are to be unconditionally guaranteed by certain of Sythomer's subsidiaries and the EUR520 million will be used to refinance the aqueous polymers supplier's existing EUR520 million bridge facility.

[sphere25] 16/6/2020 11:23

Yes, that's the type of update stocks have been rallying significantly on so I nibbled a few. See if we can test 300 but have put a stop under 280 if the market turns - very volatile but still bullish overall with FED doing more pumping.

Very odd reaction to see a slight dip on the news but two big sells have been gobbled up by buyers in size at that 280 level.

[philanderer] 16/6/2020 10:33

Good update

[philanderer] 11/6/2020 09:50

Peel Hunt downgrades to HOLD from ADD ...... tp 325p up from 290p

[philanderer] 29/5/2020 10:03

upgrade..

29th may Morgan Stanley 'equal weight' tp 350p

[scooper72] 21/5/2020 17:40

Like your thinking. Synthomer has started to recover well from the drops in March. I managed to get into Avon, and just wish I had bought more.

[witheco] 21/5/2020 16:23

I wanted to get into Avon rubber PLC - but settled for this as a reasonable substitute - it's done pretty well so far.

[philanderer] 21/5/2020 14:53

Doing really well lately. Fingers crossed.

[philanderer] 16/5/2020 00:34

Synthomer : Appoints IMCD as Sole Distributor for Construction & Coatings in Indonesia


hxxps://www.marketscreener.com/SYNTHOMER-PLC-4002472/news/Synthomer-Appoints-IMCD-as-Sole-Distributor-for-Construction-Coatings-in-Indonesia-30613326/

[mr euro] 06/5/2020 09:28

Healthcare sales are off the chart. They are doing very well.

[philanderer] 30/4/2020 10:17

30th april Credit Suisse 'outperform' tp 317p up from 274p

[philanderer] 30/4/2020 10:06

29th april Deutsche buy tp 300p up from 265p

[philanderer] 29/4/2020 13:53

29th april Peel Hunt 'add' ...... reiterates

[philanderer] 29/4/2020 09:01

And relatively strong as well 👍🏼

[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.