Synthomer Share Discussion Threads

[meijiman] 09/10/2023 09:12

Are you taking up your rights entitlement?

[tuftymatt] 09/10/2023 08:57

Agree totally.
The purchase price I have paid here is well under 1% of my total portfolio value but even so I am fuming at how bad it's been run.
Pointless selling now for a few pence on the pound back so I will sit tight but use it as a lesson so hopefully I don't get sucked into another value / divi trap!!

Good luck all 👍🏻

[meijiman] 09/10/2023 08:54

it used to be a safe as houses sort of company...even more so in the Yule Catto days.
The lunatics have taken over the asylum here. The departing ceo ran the company like a drunken gambler. Foolish Chairwoman couldn't see or understand what was going on.

[my retirement fund] 09/10/2023 08:50

It is one of the most incredible destructions of wealth in a company of this calibre in this sector. I should think if you had replaced the board and directors with primary school children for a few years, they wouldn't have done a better job of managing the business.

[ursus] 09/10/2023 08:22

Beginning to look like most of the rights will be left with u/w's. An 80% overhang will weigh on the share for a long time.

[wigwammer] 06/10/2023 20:09

Positive to see the Chairman buying the rights. Slightly sickening to see how little she had invested prior to blowing the balance sheet and the shares up though. Her impact on shareholder value since taking the role in 2020 has been nothing short of abysmal, and she remains one of the only senior management to retain a position.

[typo56] 05/10/2023 15:12

Which represents 1.67% in terms of SYNT shares in issue at the end of next week. Won't even be a notifiable interest.

[mrminister] 05/10/2023 14:02

Jupiter just increased again ...now 11.67% ....

[typo56] 03/10/2023 07:45

That's 6% of the current SYNT shares, which will be less than 1% of SYNT in a couple of weeks time, unless they take up the rights.

However, given the timing of the declaration, it may be the shares were bought ex-rights, so won't have rights entitlement.

[babbler] 02/10/2023 14:36

Jupiter took over 6% on Friday

[johnsoho] 02/10/2023 09:39

I’ve sold my shares in this, in my opinion, rubbish company.

[blackhorse23] 02/10/2023 08:55

Glad sold last week & bought WJG & GATC

[fuji99] 29/9/2023 14:20

At this rate of decay the share price will quickly become a penny share again.

[mrminister] 29/9/2023 13:47

What a month on here !!.... a right lemon ...only a bad pandemic can save em now I recon

[typo56] 29/9/2023 11:30

Yes, but really you should include the value of the SYNN nil paid rights shares (more of the value of holding went into the rights). It's about 25p if you include them.

[geniechem] 28/9/2023 16:43

Is this now down to 12.5p in old money?

[jezza123] 28/9/2023 16:10

ok - so this is bankrupt and avoid - u can change the management, but if the ship is sunk....

[my retirement fund] 28/9/2023 13:19

jezza, because the company has been steered onto the rock and they didn't get rid of the people at the top that over saw this.

[blackhorse23] 28/9/2023 12:11

Switched to WJG & GATC other day which is rewarding

[blackhorse23] 28/9/2023 12:10

It's actually crashed! Looks like over

[jezza123] 28/9/2023 10:36

Yea i can see lots of enraged people here - but I don't quite understand why the price is where it is. I mean this price suggests it's game over.

[meijiman] 28/9/2023 10:31

A company brought low by incompetent management.

[jezza123] 28/9/2023 10:28

so what's going on here then? Is this priced for bankruptcy?

[typo56] 28/9/2023 09:51

TERP is 275.9p. SYNT is trading at 260p. Even if SYNN tracks 197p below SYNT that's a drop of 7*15.9p = 111.3p in value on yesterday's close, or 15%.

Clearly it didn't pay to hold out for the rights