I will be a buyer again around the 130+ mark. |
Is this cheap? |
I see the donkey has got out again! |
Debt is going up |
Dead cat bounce or finally found the bottom, tempted to average down here at these levels |
Had some back down here @133, brokers reduced targets, but still double this sp, better luck this time, GLA |
Another business floundered on the rocks of DEI |
I'm OUT! Had enough, no bounce at all. At least I gave Zotefoams a miss.... |
up 7%, gonna bounce nicely you donkey! GLA |
Hidden all numbers, I guess numbers are no good |
It said revenues slightly up but as H1 up 0.4 they must be flat. H2 last year was softer so not great. Not turned around yet |
Dodgy trading update |
Um not a particulary exciting update. Will still wait for sub 150 to even think about buying back in. |
Waiting for sub 150 to buy back in |
Entry point below 80p , overvalued stock, mounting debt each year, revenue negative |
Looks like a good re entry point here @180, bot's all over it, GLA |
*UBS CUTS SYNTHOMER PRICE TARGET TO 205 (300) PENCE - 'NEUTRAL' |
The FD is a bad luck charm. buyers beware |
its tanking |
Every day goes down |
Bloody hope so |
May find support here soon. |
Price reatcion turned out to be a damp fart, simmsc. |
Greater Manchester Fund increases to (or buys) a 6% stake here. It has been recovering for a while ... Lets see price action after this purchase request has been filled |
 Stockopedia on SYNT, 130824
Paul’s opinion - I think this is still quite a big mess. Bulls must be hoping to see a dramatic improvement in future profitability, which is needed to reduce debt down to more normal levels.
To me, risk:reward seems poor right now, with a mountain of debt to service, let alone repay.
Cashflow looks very poor in H1, and wasn’t great last year either, with the only significant cash inflows coming from disposals, and the £266m equity fundraise last year. I reckon that probably won’t be the last equity raise.
Remember I’m only analysing the basic numbers, not trying to predict how the business will perform in future. If you think there’s a spectacular turnaround opportunity here, then it might be worth taking on all the risk. Each 1% rise in profit margin is £20m extra profit - not bad if they can raise margins in an economic recovery.
For me, it has to be AMBER/RED again, to flag that this is still an overly-indebted business, and it’s not trading very well either, with no particular upside yet apparent in the outlook comments either. Shareholders have to hope that changes for the better.
Maybe I've missed something, as the StockRanks are mildly positive on this share - |