Synthomer Share Discussion Threads

[adejuk] 28/4/2022 14:10

i know nowt about synt except its divi and the excessive drop in sp
just took a cautious 7k.
anyone care to advise where to look for more info?
apols for ignorance

[montyhedge] 28/4/2022 11:43

Weak pound helping profits from the new acquisition, dollar earner, then converted back into pounds. Talk of $1.20 to the pound coming.

[deadly] 28/4/2022 10:12

Div 21.3p XD 1st June.

Div yield now 10%!

[brucie5] 28/4/2022 09:47

Glad to see you hold, RC. There has been a huge fall from 2021, forming a large "V" shape. Assuming the business finds its way through, these Vs often turn into "W's".
Didn't see anything there about the dividend, did you, though I'm assuming they jump that hurdle when they come to it. But this did not look like a warning, particularly in respect of margin growth, and 'management of the inflationary environment'. Those are precisely the kinds of companies that the market is currently looking for, wouldn't you say?
--------------------------------------------------------------------------------
FY expectations unchanged

Whilst macroeconomic conditions remain uncertain, we are encouraged by the underlying trading conditions and a strong Q1 performance with continued margin growth reflecting our ability to successfully manage the inflationary environment.

Accordingly, our full year outlook is unchanged. T he Board remains confident that the benefits of recent acquisitions, continued investment in new capacity and our proven growth strategy will underpin sustainable profit growth in the coming years.

[rcturner2] 28/4/2022 09:02

I am a holder and of course that is a positive statement, but within the statement is an acknowledgement of the fact that they had a massive COVID boost in one area that will not be replicated.

[brucie5] 28/4/2022 08:44

In which case... Might be looking highly oversold on expectations of bad news. Possible gap up to £4 from this January?

[montyhedge] 28/4/2022 08:10

Everything on track, brilliant.

[brucie5] 28/4/2022 08:09

Positive update.

[montyhedge] 22/4/2022 11:16

Of course no one knows where the shareprice going. But one thing weak pound against the dollar, I would have thought boost profits from the US acquisition when converted to pounds.

[shayadfn] 22/4/2022 06:24

Morning all, just bought some at 2.82, a few days a go, new to this stock, I'm a contraian, with a view to add more as we progress throughout the year.

[montyhedge] 20/4/2022 23:03

Who knows, but I was encouraged with a director spending 614,000 pounds of his own money at 275p.He may well be able to afford it of course, but no one throws 614,000 pounds away. He knows the company better than some young analyst, I'll back a director over a analyst in this case.

[onjohn] 20/4/2022 21:46

Will warn

Cost inflation

[linton5] 20/4/2022 21:17

I’ve done ok so far had 20k at 248 sold them at 294 on way up bought them back a bit to early but average is ok if you take my 46p profit GLA

[grahamburn] 20/4/2022 20:00

monty...... think you can forget the 11% yield going forward given the inevitable drop in profits and cash in the current year, though hope I'm wrong.

[montyhedge] 20/4/2022 19:16

Relax sit back collect a 11% yield.

[linton5] 20/4/2022 16:38

Well I beat myself today overthinking was on the button at 267 refused as thought gap at 261 was coming 🙈

[rcturner2] 20/4/2022 12:15

There is absolutely no way the current dividend is being held.

It most likely will be halved.

[montyhedge] 20/4/2022 11:29

Think they will, profits are good, the next declared dividend 21.30p paid July.

[brucie5] 20/4/2022 10:48

This has been discussed - I don't suppose they will be holding the dividend at historic levels.

[montyhedge] 20/4/2022 09:56

Well a director bought 614,000 pound's worth of stock at 275p in March. I'm sure they know the company better than a analyst at HSBC who said hold target 310p, 11% dividend is temping.

[brucie5] 20/4/2022 09:32

If there's a problem it hasn't been flagged up by Stocko's screens, where it passes no fewer than 8. Though can't say I'm please by the decline in value, ,where I'm now down 13% on my buy in!

[montyhedge] 20/4/2022 09:08

Cut to hold by HSBC this morning target 310p, yield must be nearer 11% now.

[linton5] 20/4/2022 08:16

Shoulda known better gap filling 261

[linton5] 19/4/2022 13:18

Took a starter plate yum yum