Synthomer Share Discussion Threads

[brucie5] 15/9/2022 16:52

Well at least Greater Manchester Pension Fund saw value here recently. Having got in at a 3% stake at start of September, they've now upped it to >4%.
Sp is now at a five year low, and below that of March 2020.

[montyhedge] 15/9/2022 16:42

Don't catch a falling knife.

[linton5] 15/9/2022 15:08

Very interested now down here

[reddirish] 28/8/2022 14:17

I'm thinking of topping up too, so have just read through the presentation supporting the interim results. All credit to management for the transparency and detail. In my opinion the fall in the share price is strongly linked to the massive increase in debt with the Adhesives division, and that the biggest source of funding- a £500m bond paying just 3%- falls due in less than 3 years. In fact, there's a lot of debt to be managed over the next two years too, all in the context of a debt covenant ratio of 2.5/3.5: a bit too close for comfort with a recession looming, and lots of Chinese capacity being diverted. So I've decided to hold back for now, though would reconsider should the risk reward profile change ( an share price closer to 1:80, I fear). I already hold plenty at an average of £2.40.

[brucethegoldfish] 26/8/2022 10:59

I couldn’t agree with you more F747 and Lintons. I’m into SYNT as a serious long-term value play, but there could also be significant upside potential in short term IMO if market consolidation activity ramps up across various sectors.

[linton5] 26/8/2022 09:24

Micro focus just proves how much of a discount British stocks are at and this is one of them, how long and low will this continue

[freedomexpress747] 24/8/2022 22:06

Yes, I'm in today following a fortunate uplift in Aveva freeing up profit capital. Good company, low rating, like a lot of others at the moment.

[tuftymatt] 23/8/2022 14:41

Let's hope so bluemango!!
A difficult year for this one is an understatement!!

[bluemango] 23/8/2022 13:28

Have bought today. Looks to be a decent recovery play with a useful yield.

[davebowler] 11/8/2022 15:42

Investors Chronicle -
FactSet consensus expects earnings to rise to 39p in 2023 which gives a very affordable 2023 PE ratio of five. Earnings aren’t going to race forward, but at these prices there looks to be value here. Buy.

[lyceeuk] 11/8/2022 09:50

Description of the Ordinary shares of 10p each
financial instrument,
type of instrument

Identification code GB0009887422

b) Nature of the transaction Grant of nil cost option under the
Synthomer Performance Share Plan
subject to performance conditions
--------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
------------------ ------------------
Price(s) Volume(s)
------------------ ------------------
Nil 339,611
--------------------------------------------------------------- ----------- imagine how many shares he would have got if the share had not fallen so much

[tuftymatt] 11/8/2022 06:47

Always good to read a buy recommendation especially after the bad run this one has had.

[my retirement fund] 10/8/2022 18:17

2 ‘irresistible’ FTSE stocks to buy before the market recovers!

[onjohn] 10/8/2022 17:24

When warns on will be 90

[reddirish] 10/8/2022 17:20

The Malaysian holdings are a hang over from the old days, when this was a UK business based mainly in that country. The listing and ownership rules required 2 local national board members, and a 30% local shareholding. It could be that the recent buying is simply to bring it back to that level after a number of dilutions. Not sure, so DYOR, but I certainly would NOT be holding my breath for a Malaysian-led takeover. I worked in that country for several years (heading up a similarly structured company) and cannot see it happening.

[my retirement fund] 10/8/2022 15:48

£4.50

[tuftymatt] 10/8/2022 15:35

So let's say they do go for a takeover, what would everyone consider fair value per share?

[mrminister] 10/8/2022 14:13

its on a tear .....nice

[justiceforthemany] 10/8/2022 13:52

Malaysia holdings 26%
Not far off the obligatory take over threshold of 30%

[my retirement fund] 10/8/2022 10:33

Of course its easy to get spooked and lose track of the plot when the price gets sold off and ends up at levels like this, especially from a far higher valuation. However its worth remembering, this is a real company producing real products with real value and real profits and given what the business actually does and makes, over the long term that will never change, so in time value has to be restored.

[mrminister] 10/8/2022 10:05

Yes went too low too fast ....this company is a major player in latex and adhesive products , it's a niche product that few other co,s are into , I'm in again a little too early but it will come good once again before long

[brucethegoldfish] 10/8/2022 09:50

I’ve bought into SYNT over the last couple of days as a first time holder. Think this looks a solid mid to long term holding, but also has potential for significant short term increase in value. Positive signs include Director equity purchases, major institutional/corporate shareholder increasing stake, strong financials, dividend paying, speciality chemicals more immune from inflationary impacts etc. I’m conscious a global economic slowdown will take some of the shine off in the short term, but happy to be on board and hold for the long term.

[se81] 10/8/2022 09:16

does look like KLKB have cleared out a seller (finally)- interestingly found support nigh on the covid low

[tuftymatt] 10/8/2022 09:05

Back in the 200's!!

Now where is that champagne.......lol

[linton5] 10/8/2022 08:41

They must be loving this get synt on the cheap