Synthomer Share Discussion Threads

[montyhedge] 06/5/2022 21:26

Let's hope they have a winner in Eastmans, but even if dividend cut in half, still a good yield. I bought when director bought 614,000 pounds worth of stock in March at 275p. A non ex director bought a chunk last week. That's what I like when directors put their own money on the line.

[grahamburn] 06/5/2022 20:43

montyhedge.

Please read the accounts and then recognise the exceptional turnover and profits the company has had in the past year. Being "exceptional" it is "non-repeatable".

No one is denying that the policy is in line with their previously declared dividend policy. However, unless something extraordinary happens (such as the massive increase in demand for PPE etc) within their market segment, then the current year's figures will not be repeated.

There is just one proviso. The contribution from the Eastmans acquisition will hopefully increase their turnover and profits compared to historic figures. It is unlikely that this will replace even a small percentage of the "covid related" turnover.

[montyhedge] 06/5/2022 15:08

Oh really look at the free cash flow, they said dividend in line with their policy, no mention this being a special, have to wait and see for the future.

[my retirement fund] 06/5/2022 11:31

Dividend is clearly a one off

[montyhedge] 06/5/2022 08:25

Stuck some more in my ISA, could not resist that 21.3p dividend in July tax free.

[montyhedge] 05/5/2022 21:03

No problem according to preliminary results, Russia and Ukraine less than 1% of group turnover.

[my retirement fund] 05/5/2022 16:57

Any stinky Russian exposure here or are we ok ?

[montyhedge] 05/5/2022 15:33

I may be wrong but the acquisition of Eastmans their revenue in dollars, with the weak pound some analysts saying below $1.20 to the pound. Surely good news makes our profits bigger when converted to sterling, Any thoughts guys is that right, weak pound good news for us?

[montyhedge] 05/5/2022 13:24

They could be stakebuilding. Hopefully they don't bid, we want our juicy dividends to continue.
Synt go ex div 5th June, payable 5th July, dividend 21.30p.
Perhaps they are thinking get the massive dividend, make a bid afterwards, I hope not, sure Synt has a lot of potential. Nice to see a non ex director bought shares at 308p yesterday. I think with all the interest coming in, I rrckon 350p before ex div.

[glaws2] 05/5/2022 13:09

They had 21.3% before this recent purchase

[linton5] 05/5/2022 12:48

Well established multi national rubber company from Kuala Lumpur malaysia mmm very interesting development

[linton5] 05/5/2022 12:44

Holy Moses KL kepong international have purchased 22% of company

[turvart] 04/5/2022 11:48

I think what people seem to forget with stocks like SYNT is the company will or should capitalize on the rising oil price, oil prices filter through to the chemical industry and prices WILL rise, this won't show though until probably the interim results. For SYNT to be trading at £3 share price is just incredible, it's certainly in my portfolio.

[montyhedge] 29/4/2022 14:20

Good trading update, I think you're wrong. Even if they cut in half still good. In the meantime dividend tax free in my ISA bag. ISA tax free dividend compounding eight wonder of the world. Lol

[scrwal] 29/4/2022 14:05

The dividend will be cut - the directors have basically alluded to that by pointing out the return to pre pandemic performance. The size of the cut is unknown since we don't know the impact of the acquisition. I shall be buying some soon and my finger in the air dividend guess is 18p for the next year.

The next divi is really a normal final plus a special top up - the board have decided to label it as just a final.

[elsa7878] 29/4/2022 09:13

I have a few shares but think the share price would be higher if they prioritised debt repayments over dividends.

[montyhedge] 29/4/2022 09:08

I don't think directors value your opinion, lol.One put his money where his mouth is in March and purchased 614,000 pounds worth at 275p. Debt is ok, the acquisition looks a good one, time will tell.No one can forecast the future it's just probability.

[elsa7878] 29/4/2022 08:43

Issue is debt now at £1.5 billion - net £900 million. At a time of global uncertainty, they should concentrate on paying that down now that they have leveraged the balance sheet and not paying an excessive dividend. IMHO.

[montyhedge] 29/4/2022 08:39

I don't dividend will be cut, they just increased it. The new acquisition will add to growth and bigger dividends.The shareprice is the wrong price should be a lot higher.

[kenmitch] 28/4/2022 19:40

The next dividend around 21p gives a near 7% yield just for that one dividend. Agree that it’s likely to be cut but the attraction is also a good chance of a 30% or more share price bounce from what looks an oversold level. And there were rumours and Press comment about a bid a while ago, and a bid can’t be ruled out either.

[robsy2] 28/4/2022 18:54

Understood. Projected Eps 2022 40p, payout ratio 40%, expected divi on 2022 earnings= 16p. Yield circa 5%.

[rcturner2] 28/4/2022 18:25

The dividend will be cut. I can't believe people are not aware of this.

[robsy2] 28/4/2022 16:35

It’s a buy as far as i can see.have bought more todsy.
Time will tell, the divis alone are good enough for me

[grahamburn] 28/4/2022 15:07

With all due respects, if you have bought without even looking at results over the past 2 to 3 years, then your description of yourself stacks up.

As and when you've done some basic research to reduce your "ignorance", then asking for further comments should encourage others to respond.