Synthomer Share Discussion Threads

[robow] 04/3/2021 09:14

Market doesn't seem too happy

[james dean] 04/3/2021 07:40

Very pleasing methinks.

[pottsypotts] 04/3/2021 07:17

Results look good? Divi reinstated

[philanderer] 03/3/2021 12:51

Results tomorrow

[philanderer] 24/2/2021 12:03

Hopefully stabilising here now.

[sphere25] 24/2/2021 09:55

This went through the 500p shorter term target.

Looks a derisory offer for longer term holders. Hardly a premium to the undisturbed recent prices let alone accounting for the recent trading performances.

ELM caught a bid recently and I remember Dow Chemical as one of the bidders in the past (for the then Yule Catto) so alot of activity in the sector.

Wouldn't be surprised to see further approaches. We can see by recent takeover activity that bidders are sniffing out pockets of value in the UK.

All imo
DYOR

[philanderer] 24/2/2021 09:28

Looks like a pump and dump operation took place.

Shorters can now take it down to 420p

All very sad.

[pottsypotts] 24/2/2021 07:45

RNS Number : 1081Q

Synthomer PLC

24 February 2021

FOR IMMEDIATE RELEASE

Synthomer plc

Statement re Press Speculation

Following press speculation, the Board of Synthomer plc confirms it is not in discussions regarding a possible offer for the company .

[philanderer] 24/2/2021 00:29

john, those 'O' trades were probably from first thing tuesday or even late monday.. 'O' trade reporting over a certain size are allowed to be delayed , 'AT' trades hit the print straight away.

Time will tell but I expect 'hot money' was in late monday and out tuesday when nothing happened.

Doubt we'll even get an RNS, results next thursday 4th march.

[johnsoho] 23/2/2021 20:52

Two late purchases reported at 16.45, each of 303,000 shares at an share price price of 503.5. I wonder what actually is going on but suspect a bid for Synthomer maybe in the offing....time will tell

[philanderer] 23/2/2021 20:46

That wouldn't be any good anyway. Only equates to just over 500p per share.

[philanderer] 23/2/2021 20:39

Ah !!

This explains the jump in the shareprice late monday and the fall back today with no bid coming and no talks apparently taking place now

From Bloomberg....

CVC Weighs Bid for $3 Billion Chemical Maker Synthomer


CVC Capital Partners has been exploring a bid for U.K. chemical producer Synthomer Plc, people with knowledge of the matter said.

The private equity firm made an initial approach to London-listed Synthomer to gauge its interest in a deal, according to the people, who asked not to be identified because the information is private. The two parties aren’t currently holding any negotiations, one of the people said.

Shares of Synthomer have risen 46% over the past 12 months, giving it a market value of about 2 billion pounds ($2.8 billion). The company is one of the world’s largest suppliers of latex for medical gloves, which have seen booming demand during the coronavirus pandemic. Synthomer also produces materials used in specialty packaging tape, artificial sports turf, bedding foam and paint.

A sale of Synthomer would add to the $3.1 billion of chemical deals involving European companies in 2021, a figure that’s already up 74% from a year earlier, data compiled by Bloomberg show. Deliberations are ongoing, and there’s no certainty they will lead to a transaction, according to the people.

Representatives for CVC and Synthomer declined to comment.

[philanderer] 23/2/2021 17:43

Surely couldn't be that some people have got wind of a rights issue/placing coming with next week's results ?

We've only had a rights issue 18 mnths ago !

[philanderer] 23/2/2021 16:58

Nope, has to be a big seller(s) unloading

-6% on the day , 2.2 million shares traded.

[pottsypotts] 23/2/2021 16:10

That is some pullback from yesterday, can't find a reason for it?

[james dean] 23/2/2021 14:15

..and Batm (BVC)

[tday] 23/2/2021 14:14

The same with Volex and a few others.

[philanderer] 23/2/2021 14:09

Strange things going on here with the share price

[philanderer] 23/2/2021 10:47

That was a funny old to do with last night's UT.

Back to 480p

[pottsypotts] 23/2/2021 10:12

Nice climb up to a three year high which is most welcome, with results expected to exceed on the 4th what do we reckon onwards and upwards or some skullduggery sends them down for a while

[james dean] 22/2/2021 18:38

I missed the 1.3m shares.

I do take an interest in the company as is in my wife's portfolio. It been pleasing to see the recent climb.

Thanks for the info.

[philanderer] 22/2/2021 17:59

Found this from last week..


Sandouville. At Synthomer, return to work after 15 days of strike

The strike at Omnova / Synthomer, in Sandouville, is suspended. Production will resume after a fortnight's shutdown.


Seine-maritime.info
@Seinemaritime76
·
Feb 19
Près du Havre, le mouvement « suspendu » chez Omnova-Synthomer, après 15 jours de grève hxxp://Seine-Maritime.info

[philanderer] 22/2/2021 17:55

JD, did you see the UT tonight... 1.3 million shares @ 510p !

[james dean] 22/2/2021 17:24

Way to go - thanks P.

[philanderer] 22/2/2021 14:11

SYNT well in demand today :-O

Results due on 4th march