Synthomer Share Discussion Threads

[sbb1x] 14/12/2022 10:55

Citadel reduced short on 12th dec

[sbb1x] 13/12/2022 15:49

Unreal move today 117 to 136

[justiceforthemany] 13/12/2022 15:20

Current liabilities now reduce to c.£600M
EBITDA full year c.£350M

Only 1.7x EBITDA
Suspension of dividend was unnecessary IMO

[tuftymatt] 13/12/2022 12:24

Yeah good to see the market see today's news for the positive it is.

I was not brave enough to add at circa 122 but will pencil that figure in as hopefully some sort of support.

Good luck all 👍🏻

[muzmanoz] 13/12/2022 11:03

I take the sale announcement as a good sign that they are implementing their turnaround plan which they unveiled at their markets day. A good chunk of debt will be paid down. More focus on the US.

They said at their presentation that they were changing the way they reported the nitrile gloves market from promising recoveries that didn't materialise to taking a more prudent approach. They mentioned that when it recovers it generally recovers quickly but at the time they had no visibility on when that might be.

[blackhorse23] 13/12/2022 08:07

I hold small percentage IN HERE now but MY LARGE holdings now CURY (LSE)

[se81] 13/12/2022 07:54

yes its flagging a deterioration in trading (since September outside Europe)

thats not to say the disposal this morning isn't good news....

[blackhorse23] 13/12/2022 07:53

Yea same things

[archy147] 13/12/2022 07:49

It's an update to what was reported in September

[tuftymatt] 13/12/2022 07:42

You pulled that from a part of the statement that began "At the end of September" so I think it's priced in.

[se81] 13/12/2022 07:28

“Proposed sale of the Laminates, Films and Coated Fabrics Businesses”

Or a profit warning….

“Synthomer also highlighted deteriorating macroeconomic conditions, leading to reduced demand in construction and coatings end markets. Whilst this has impacted trading in Synthomer's European business through the second half of 2022 as anticipated, this has also now extended to the Group's operations outside Europe.”

Trust has gone here- some woeful RNSs being published

[tuftymatt] 13/12/2022 07:25

Well hopefully that asset sale helps with sentiment as well as sort out some of the debt pile too!!

[my retirement fund] 12/12/2022 22:42

Broker downgrades

[mrminister] 12/12/2022 17:28

Getting murdered here ....why ?

[justiceforthemany] 12/12/2022 17:19

Shorts now reducing 0.5% total but share price collapsing.
P/E 2.5
??

[sbb1x] 08/12/2022 18:09

Citdel incrresed s?ort yesterday

[rcturner2] 08/12/2022 16:56

They made massive covid profits in 2020 and instead of sitting on a cash pile they borrowed even more for a massive acquisition.

It was a $1bn acquisition of Eastman's Adhesive Resins business.

[stewart64] 08/12/2022 13:08

I think any UK companies with large debt are seen as a bad risk just now. Don't know the history here but I presume some bright spark in management must have made a large acquisition in 2020 when long term debt went from about 100 million to 700 million and was balanced off by an increase in intangibles?
With a strong balance sheet pre 2019 style the Company would be fine now.

[sbb1x] 08/12/2022 12:22

Any news out to push this down ?

[gymratt] 06/12/2022 08:45

Chart looking horrible. Could drift back to a quid IMO.

[sbb1x] 06/12/2022 08:37

Turning into a dog.

[tuftymatt] 05/12/2022 16:49

Let's hope it starts heading north again in the morning.

[sbb1x] 05/12/2022 16:43

Nice UT 151,000@130

[sbb1x] 05/12/2022 14:54

Hopefully 129 was the bottom

[luckymouse] 03/12/2022 17:13

Tricky draw - but worst probably in now - some basing action, derisk, then go
Currently respecting the 1990 & 2000 lows around 100. Shorts may hope for 2007 c.50p but are reducing & pretty weak since mgt cancelled the div to minimise risk.
If the risk pasess bouncing somewhere here seems more likely. Avgg base. Rst 200, Middle zone c.300

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