Synthomer Share Discussion Threads

[nb1979] 16/4/2013 11:01

Looks like the share price is free falling like it did last April 2012 where it went from 220p ish to 130p ish in the space of 2-3 months. Great buy at around the 140p level and should see sure and steady rises from then. Shame this pattern occurs as its a solid company, but a case of follow the trend I guess.

[salpara111] 16/4/2013 09:42

Hmm, no big volume being traded but the share price being marked down aggressively every day, not sure what is going on but I guess I am in for a while now!

[jange] 15/4/2013 17:59

Yep. Down from 220 in less than a fortnight for no obvious reason. Irritating to say the least

[salpara111] 15/4/2013 17:37

Well, if you look at the RNS today a big seller has been reducing their holding just crossed the 3% line heading down, it is not possible to determine whether they intend to completely sell out....if they do then there will clearly be some further softness...clearly I mistimed my entrance here but given that they sit on a single digit p/e I am not too bothered.

[deadly] 15/4/2013 17:37

a lower oil price should help with costs here, but the market is ignoring that.

[libertine] 15/4/2013 16:18

15 Apr Synthomer SYNT Bank of America Merrill Lynch Neutral 184.15 194.50 250.00 220.00 Downgrades

[nb1979] 15/4/2013 12:42

Any ideas why SYNT is taking such a battering? Not even rising on good market days and falling heavily on bad without any sign of recovery. Appreciate thoughts please!

[salpara111] 08/4/2013 12:35

Well, I bought in at 214 which appears to have been a little early but I am not too bothered by short term fluctuations, they have decent exposure to growing asian markets and while I don't expect any great growth in Europe this year we should at least be at the bottom in that respect.

[el chupacabra] 06/4/2013 12:15

good bit of research that padelicious, is it your blog?

[padelicious] 06/4/2013 11:26

Interesting analysis on Synthomer



Price target: 250p

[peaeff] 28/3/2013 13:04

looks as though they dropped the price tuesday to accommodate a 500,000 buy from the Norge Bank.

[rovers2] 20/3/2013 08:54

Perky this morning, 240 looks possible short term.

[richardbroughton] 15/3/2013 15:47

Yep, tree shake, happens much too often on results days, presents opportunities if you have the cajones. Have to confess I have missed a few chanes on this basis lately, never mind, in here at 160, my exit target is 250 this year.

[chickcrumbs] 15/3/2013 14:35

It's shame for anyone with auto stops set.

[trademap] 15/3/2013 13:41

Can't seem to buy or sell at the minute!

[11mel] 15/3/2013 13:20

the amount of times market makers manipulate prices on good results is unreal!! can use it t ur advantage though!!

[11mel] 15/3/2013 13:10

treeshake, watch price will rice when sharks have fed!!

[chickcrumbs] 15/3/2013 13:09

whats happened here??

[cockerhoop] 15/3/2013 09:02

Was slightly surprised by the initial mark down as I perceive the results as broadly positive.

Solid start to 2013 combined with a reversal of the weak Euro (which reduced 2012 profits by £5.5m) and a further 6m reduction in cost savings to come are significant tailwinds for 2013.
There is also light at the end of the tunnel for the Asian nitrile business though that may be 2014.

[peaeff] 15/3/2013 08:53

Looks as though I've made another rick, but I won't lose any sleep over it. lol

[salpara111] 15/3/2013 08:29

Not bad results, I guess the best thing to come out here was the big divi increase which at least demonstrates confidence going forward.
As a recent buyer I am only a few pence ahead but think I will hold for a few weeks to see if moves ahead. Initial market reaction appears to be a collective shrug of the shoulders.

[cockneyrebel] 14/3/2013 18:58

Lovely rally late on :-)

Brokers have been positive here - should be interesting.

CR

[rovers2] 14/3/2013 16:44

If the last hour trading today is anything to go by... we should be fine Peaeff!