Synthomer Share Discussion Threads

[bubloo] 07/9/2023 08:23

worth 38 pence with current share price.

[muzmanoz] 07/9/2023 08:04

12p at best

[nomolos1] 07/9/2023 07:49

Simple red flag is the longer the result waffle, the worse the performance. Rights Issue has been an obvious step the market whiffed for over a year - trading looks better for the coatings division this year. Not for windows and orphans this one.

[scepticalinvestor] 07/9/2023 07:41

This is basic stuff chum. Perhaps you shld stick to the geegees?

[bigbigdave] 07/9/2023 07:37

Article in post 1352 is poorly timed!

[farrugia] 07/9/2023 07:33

not sure i understand this?

Proposed 6 for 1 Rights Issue of 140,200,818 New Ordinary Shares at 197 pence per New Ordinary Share

and

Proposed Capital Reorganisation of 1 New Ordinary Share of 1 pence nominal value for every 20 Existing Ordinary Shares of 10 pence nominal value

when the current price is 60.80p?

[scepticalinvestor] 07/9/2023 07:29

So rights issue equivalent to what 32p p/share? OuchGl shareholders

[reddirish] 07/9/2023 07:22

Nasty. A rights issue equivalent to more than the current market capitalisation, so asking shareholders to double up our investments. Rock and a hard place here: there won't be much of a market for these when London opens. Set to be my worst ever investment by far. Will I subscribe? To be determined . I'm going to remember this one!

[nomolos1] 31/8/2023 20:01

Covid's now irrelevant for SYN - a one off hit. So much NBR capacity now online globally and it was only approx 25% of the business. Turn your attention to the eurozone coatings and chemical sector for hopes of recovery. Interims will be interesting.

[srichardson8] 31/8/2023 09:30

The surge in Covid cases comes as estimated numbers jumped by almost 200,000 last month, from 606,656 predicted cases on 4 July to 785,980 on 27 July, according to The Zoe Health Study, which estimates figures for UK Covid infections.
INDEPENDENT 31/8

[scepticalinvestor] 23/8/2023 12:50

Covid is over ladies. No need for gloves anymore. Sorry !

[tayle] 23/8/2023 12:42

What is the new breakout 13p ?

[mrminister] 23/8/2023 12:21

wtf .....getting wacked every day ...dear me ...7th sep interims

[wigwammer] 22/8/2023 17:34

But it is repeatedly an MM taking stock off a seller, at sub the mid price. Which means tomorrow the MM has to offload (again...)

[darrin1471] 22/8/2023 17:01

Closing auction looks normal size for SYNT.
Daily volumes have increased the last 5 days and the price has dropped.

[wigwammer] 22/8/2023 16:41

300k or so dumped into every U/T. Surely there is a brainier way of discarding such a large amount of stock...

[wigwammer] 18/8/2023 09:31

I notice the enterprise value is now about what it was in 2018/19 prior to the Omnova and Eastman acquisitions..... you are now getting both for free ... combined purchases added £1Bn+ revenues and not a bad mix either... yes they have divested laminates but they also operationally generated hundreds of millions in equity during the covid boom phase... atb

[wigwammer] 17/8/2023 08:35

I don't think the debt is eye watering. SYNT is a multi billion revenue company with the potential to earn £300m+ EBITDA as margins recover. £800m net debt with the potential for more disposals to reduce it further is not particularly alarming.

[johndoe23] 16/8/2023 21:44

Well, debt is eye watering

[pottsypotts] 16/8/2023 20:46

So glad I sat on my hands with buying these ( wish I could have said the same with some other stocks lately)They getting hammered due to the longer/higher interest rate forecast

[hamhamham1] 01/8/2023 09:58

Topped up today.