Synthomer Share Discussion Threads

[my retirement fund] 12/10/2022 08:01

Looks like they failed to fix the roof whilst the sun was shining.

[edmundshaw] 12/10/2022 08:00

Eminently sensible. Debt is only getting more expensive, as long as the business is well run the dividends will return in 2024, and possibly earlier if debt is down and banks are agreeable.

However management has been poor on this: the dividend should never have been allowed to go ex in the first place, and the over-stocking of PPE should hae been watched for and observed months ago.

[mrminister] 12/10/2022 07:59

mmmm not good but just have to accept it i guess .....no point selling out here at rock bottom , may as well wait 3 to 6 months and see if any improvement

[johndoe23] 12/10/2022 07:58

Imagine this will tank then

[muzmanoz] 12/10/2022 07:12

So dividend payments have been suspened including the one this November as part of a reorganisation

"The Group's key priority is to return leverage to within its target range of
1-2X and management will outline the initiatives to do that. The Company is in
discussions with its banks to ensure that there is sufficient headroom for its
covenants going forward. As part of the waiver process, the Board has
suspended dividend payments until the end of 2023, including the payment that
is due this November."

[geniechem] 11/10/2022 11:06

Was the the one 12 days ago, if so it fell 40% that day.

[grahamburn] 11/10/2022 10:50

Tempus in The Times says "Avoid" due to rising debt with no easy route to reducing it and uncertainties with profit forecasts:

[tuftymatt] 11/10/2022 08:26

It always seems to drop geniechem as the past 13 months or so shows!!
I had a limit order in that has been hit this morning which I did following the recent Director buys. Let's hope we can get back over 100 and stay there 🤞🏻

[blackhorse23] 11/10/2022 08:12

Bought CURY (LSE) today , excellent opportunity

[geniechem] 10/10/2022 14:42

Why is this dropping again??More bad news coming?Thought it was good company as quitediverse these days?

[rcturner2] 09/10/2022 09:05

It's even worse if you invest in closed pension schemes like Phoenix as they literally make their money when pensioners die as that releases the excess capital.

[gary1966] 08/10/2022 17:43

My thoughts will be with the families who will lose or see loved ones being seriously ill. I own shares here but don't want people to have to get ill or worse to make my investment pay.

[justiceforthemany] 08/10/2022 14:53

Covid hospitalisations double in a week
Likely to see a surge in demand for vaccines, PPE AND Gloves.
Synthomer should benefit again.
Thoughts?

[lonrho] 07/10/2022 18:48

only thing of note is that they reduced this years ebitda from 328m to 280m meaning ebitda of 110m for second half and suggested asset disposals or an equity raise could be on the cards to repair the balance sheet. This was from Numis.

[tuftymatt] 07/10/2022 12:09

Thanks dsrush and saw that when it came out 👍🏻
There was a write up in the Times yesterday and I wondered if anyone had seen that and if so did it say anything else of note.

[tuftymatt] 07/10/2022 08:59

I am not a subscriber but I hear there was a write up about the company being stuck with loads of gloves they can't shift. Anyone read the full story?

[babbler] 06/10/2022 12:46

Well someone took 2 x 250k today.

[blackhorse23] 06/10/2022 12:10

Bought CURY (LSE) today , excellent debt free stock with 10.2 billion revenue

[libertine] 06/10/2022 10:58

Numis cuts Synthomer to 'hold' ('add') - target 120 (230) pence

[owenski] 06/10/2022 09:35

LOL, token 10k purchase from the CFO, and a clutch of board members coming out of the woodwork together with an orchestrated token purchase to prop up the share price.

Market not impressed is it.

[pottsypotts] 06/10/2022 09:01

Ex divi day

[mrminister] 06/10/2022 08:25

getting clipped here on low vols .....trying to flush out some weak holders

[tuftymatt] 06/10/2022 07:38

Very positive sign and one that encourages me to average down here.
Will pick my moments but maybe circa a quid was the bottom??
Good luck to all holders 👍🏻