Synthomer Share Discussion Threads

[salpara111] 16/5/2013 08:55

Nearly top of the loser board today...quite impressive!
Clearly I am not going to get my bounce to exit close to my b/e point but I will definitely sell today as this has one way ticket back to 180 written all over it.

[libertine] 16/5/2013 08:32

Date Broker name New Price Old price target New price target Broker change
16-May-13 Canaccord Genuity Buy 210.00p 272.00p 253.00p Reiteration

[salpara111] 16/5/2013 08:08

The annoying thing is that they are not expensive but they keep releasing statements like this one where the focus seems to be drawn to 2 months of poor trading in Europe as opposed to good results in asia.
I missed the chance to get out first thing but will try and ditch at least half my holding if we get some strength through the day.

[jange] 16/5/2013 08:07

Have held these since the rights issue a couple of years ago. Watched them with horror as they've gone up and down a couple of times but I can't stand it anymore and I'm out. I just really don't see any reason for them to go up much. Not a good trading statement.

[chickcrumbs] 16/5/2013 07:58

I bought when it took it's last swoon and I think some of the recent rise was in anticipation of this trading statement which has clearly disappointed.

I have sold half my holding at 215p and hope to buy it back if the markets have a correction taking SYNT with them. I think SYNT is still inexpensive but can't see anything that could drive the price up in the near term although, I think, as a long term investment it has a great deal going for it. I'm often wrong which is why I kept half.

[bigbertie] 16/5/2013 07:43

so no rubber gloves in Europe this year?? why is demand so variable? or is there over-capacity in the industry? why do they want to concentrate on so apparently unpredictable a market?

[peaeff] 16/5/2013 07:37

Good luck to all for the future I'm sure this will eventually come good but I'm not prepared to tie up my funds any longer here. Management to me seem hell bent on keeping the share price at certain levels and as I said (71) they just can't resist the 'economic restriction' route.

This IMS is in stark contrast to the end of year statement. I always get the feeling that the doom and gloom of one statement is so they can tell shareholders how wonderful their efforts have been when they produce 'unexpectedly' good figures at the end of the year. Glad to be out.

regards

[salpara111] 16/5/2013 07:29

Well, I am going to exit on any bounce today.
I should just about manage to break even but have nothing to show for my 3 month investment.

[peaeff] 16/5/2013 06:31

Here we go again, yet another doom and gloom statement with a slight beam of light at the end of the tunnel.

The mind boggles as to how this share has made the progress it has over the last few weeks ahead of an IMS like this.

Hopefully it won't drop too much at open and I can escape with a loss much reduced from what it was 10 months ago. my finger is on the button.

regards

[broadwood] 15/5/2013 15:54

Yep. AGM and update tomorrow.

[salpara111] 13/5/2013 08:32

I do wish that all companies would stop using the "ongoing economic turmoil in Europe" as an excuse, its the "new normal" so shut the Fu*k up and get on with it!
The impressive thing about Synt is that it was Europe that performed well at the last results, they really need to turn around the profitability of the asian business as that is where future growth will have to come from.
Having said all of that, the business does trade on a rather low p/e rating so if it can show that it can grow in asia a re rating could easily see the share price at the 300p level.
Any business that makes substantial acquisitions inevitably has a period of underperformance while they integrate.
They need to increase their divi and have indicated that they will do so over the next couple of years so that it another concern taken care of.

[peaeff] 12/5/2013 10:13

Bought these at 239p a year ago and have been stuck here since. There was no rhyme nor reason for the sharp fall that followed, down to around 117p, in a very short time. However the CEO has got a habit of mentioning the current world economy and restricted trade opportunities and, to the market, it's like red rag to a bull.

Historically over the past few years when the share price has got anywhere near 250p there has been a very significant fall following.

I shall be glad to get withing striking distance of what I paid and will be out, hopefully, with a slight loss.

[markfurn1val] 10/5/2013 16:37

Trading statement on 16th May according to the Synthomer website

[salpara111] 10/5/2013 15:58

Well, there should be a trading statement soon which will either allow it to continue towards the 250 mark or will hold it back.

[johnv] 10/5/2013 11:52

Expecting this to carry on up.

[salpara111] 01/5/2013 14:19

Not sure what you mean, the share price has been recovering after having be hit by a big seller offloading most of their stake.
They trade on a p/e of only about 8 so there is plenty of room for the share price to bounce back, unfortunately I bought my stake just prior to the big offload so am still underwater but not overly concerned.

[broadwood] 01/5/2013 07:18

Strewth. What's happening here today? Must investigate.

[trademap] 25/4/2013 18:33

Creeping back, maybe.

[richardbroughton] 16/4/2013 15:03

NB, let's hope so, I think I will top up when this slide has run it's course.

[nb1979] 16/4/2013 13:25

RichardBroughton: Fair points Richard. 'Solid' is very open to interpretation and in my view it is a company that 'delivers the goods' and feel on that basis the value will come out in the end. Regards NB

[richardbroughton] 16/4/2013 10:28

NB1979, I like this company and have a significant holding based on long term future prospects but IMO it cannot be currently described as solid, in B/S terms anyway. Any company where intangibles are 33% more than the net B/S worth is not solid unless there is massive intellectual property in the form of a major brand name or patent rights etc which I don't think is the case here. There was obviously a lot of goodwill in the last purchase which will have to worked off and is IMO one reason why the share price is being marked down. regards Richard

[nb1979] 16/4/2013 10:01

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 08:42

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 16:59

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

[salpara111] 15/4/2013 16:37

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.