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SYNT Synthomer Plc

271.00
-5.50 (-1.99%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Synthomer Plc LSE:SYNT London Ordinary Share GB00BNTVWJ75 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.50 -1.99% 271.00 268.00 271.00 276.00 267.50 272.00 309,729 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 2.02B -67M -0.4096 -6.56 439.18M
Synthomer Plc is listed in the Chemicals & Chem Preps sector of the London Stock Exchange with ticker SYNT. The last closing price for Synthomer was 276.50p. Over the last year, Synthomer shares have traded in a share price range of 118.00p to 1,838.00p.

Synthomer currently has 163,567,621 shares in issue. The market capitalisation of Synthomer is £439.18 million. Synthomer has a price to earnings ratio (PE ratio) of -6.56.

Synthomer Share Discussion Threads

Showing 1476 to 1497 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
26/10/2023
10:41
The CEO and FD have gone. But rather absurdly, the Chair Caroline Johnstone is still there. She even accepted a 20%+ pay increase last year. £235k for 40 meetings and a circa 90% fall in the shares since she got the role. Makes you weep :(
wigwammer
25/10/2023
14:29
Thought I look back in here, after selling out years ago, wtf has happened here. Don't forget shareholders own the company, directors just manage it for a very nice salary, are they still there ?
montyhedge
20/10/2023
15:32
As a matter of curiosity, what did anyone get per share on letting the rights lapse?
I sold my rights, though not as quickly as in hindsight I should have done.

1knocker
20/10/2023
09:59
I got my little bit back in cash today.

Good luck all as we really need it here!!

tuftymatt
19/10/2023
18:18
Thanks DeanForester; I deliberately let the nil paids lapse but thought my account would have been credited by now - but it doesn't seem to have been yet
boystown
19/10/2023
17:51
Boystown, when a company has a rights issue, the nil paid rights usually have a value. At the end of the day the untaken rights are converted into fully paid up shares and sold. This normally realises a profit which is distributed to the shareholders who did not take up their rights. If you didn't want to take up the rights you could have sold the nil-paid shares in the market. That way you get the money quite a lot earlier.

DF

deanforester
19/10/2023
12:05
Can anyone tell me; should my account have been credited with proceeds from the rights I didn't take up? My ii account doesn't show any credit for this
boystown
18/10/2023
11:40
It is odd isn't it. There must be a back story to which we are are not privvy...there usually is. The main ways to oust an incompetent Chair is via a majority of the the other execs saying have no confidence (normally privately) or the fund managers who hold the shares informing the same...again normally privately. The FD will not rock the boat as happy to pick up the salary for as long as possible. Many of the non-execs are lightweights or token players well past their sell by date.
Grossly overpaying for acquisitions at the wrong time in the cycle for cash. It's like a mini Marconi!

meijiman
18/10/2023
11:11
I agree totally, meijiman... I have no idea how that lady has kept her position, and even got a 20%+ salary increase last year. Beyond absurd, it is one of the strangest things I have seen in nearly 30 years of investing.
wigwammer
18/10/2023
10:55
Buy GATC , APH & WJG
blackhorse23
17/10/2023
20:54
Wow Turvart, a total wipe out from Northern Rock must have been really painful and credit to you in making the recovery.

You are so right it's like snakes and ladders and that's why I think diversification is critical. This one is well under 1% of more portfolio as you just don't know what will blow up next!!

Good luck all 👍🏻

tuftymatt
17/10/2023
20:25
1knocker,

Sorry to hear of your loss and anyone else in here for that matter, shares can be cruel, I lost my entire Sipps pension in 2006 with NRK (Northern Rock) and I rebuilt my portfolio to lose 30% of it to EVR (Evraz) last year, this game is like playing snakes and ladders unfortunately.

turvart
17/10/2023
20:19
Thanks for the reply Al.
Apologies to holders here.

hazl
17/10/2023
20:13
The stupid thing about all this is 18 months ago SYNT was trading at around 320p and I was trading it, I've had immense good luck with timing where I got back out and then starting buying again at around the 125p mark trading about 5-7% and taking the profit of which I did about 3 times and decided my luck is probably up and watched it retrace again. I'm back into it from last week but my holding is very tiny at 500 shares I purchased @ 215p. The madness that keeps going through my mind is the 500 I hold now would of been 10,000 shares and 18 months ago would of been worth around 32K, just utter madness.

Personally I honestly feel this will come good, I'm only betting small but I hope to see this get over 1000p at least, it could even 10 bag, if I'm wrong I've only lost just over a grand.

turvart
17/10/2023
13:48
Incredible this bunch of clowns cling to their jobs after this debacle. There are plenty of other examples of disastrous acquisitions...think Avon Protection did something similar It's usually a US acquisition or being acquired from a US company) and blew up the balance sheet. The Chairwoman should have the word 'mug' tattooed on her forehead. The non execs have played a poor hand very badly by not carrying out proper due diligence. A grotesque loss of shareholder value caused by incompetence.
meijiman
17/10/2023
13:16
hazl,

2018... wow! Need to go back and have a look at what I said. I know I made a bit of money the first time I played with it and lost all of that profit the second... We're talking in the low hundreds of pounds here so I'm no expert.

I used a few different exchanges back in the day, I think I ended up on Kraken and Coinbase. If I remember correctly I also used some other site where you could just buy bitcoin at relatively low cost because Coinbase was horrendously expensive, probably still is.

I still have £35 of bitcoin sat in my Coinbase account and that's the only place I'd really trust to hold any money now. Offline wallet for any serious amount of money. No idea what Kraken is like (it's still alive so must have done something right), haven't messed around with any "meaningful" amount of crypto in years.

I do actually use crypto on occasion to pay for stuff online, so tend to have a few quid in there generally.

al101uk
17/10/2023
13:04
I wonder if the underwriter got shafted on that fundraising? I was astonished they managed to do it without undertakings to change the entire board with a credible team capable of turning it round
my retirement fund
17/10/2023
12:01
Completely OT Apologies.


Al101kuk above just seen your 2018 posts about bitcoin.
If I wanted ripple just as a play money experiment....as you did with bitcoin...any recommendations about who to buy it through?

hazl
17/10/2023
11:35
Turvart,

Synthomer paid 11x adjusted EBITDA for Eastmans, that EBITDA number was 31% down from H1 2022 to H1 2023.

They have this to say about that acquisition in the H1 results:

"The performance of AS in the period continues to reflect the lower volume environment as well as the previously disclosed operational reliability and supply chain challenges in the adhesive resins business, acquired from Eastman on 1 April 2022."

They made an statutory operating loss of £12.3 million in that division.

I don't know that the goodwill assigned to that acquisition has any future value.

Hvaing said that I'm not sure that a balance sheet valuation is the way to go with a company like Synthomer. As long as the balance sheet can support the debt, valuation should be focused on earnings adjusted for cyclicality.

I think most of the risk the company faces is still in the balance sheet and further strengthening could very well be required if the downturn continues in to 2024. I say this because they make the comment "with no material recovery in customer demand expected in 2023" and also talk of hitting their debt range by the end of 2024. I therefore assume that they expect to see some kind of recovery at the beginning of 2024.

IF they can get through this without losing too many assets or too much further dilution then you could make a good return here, but the risks are far too high. I haven't even seen the company admit to making a mistake yet, never mind addressing any realistic potential solution.

al101uk
17/10/2023
10:24
silly cow !
my retirement fund
17/10/2023
09:56
The RNS today was reassuring seeing the CFO buying 20000 shares at 205p
turvart
15/10/2023
16:05
lonrho,

Yes I have left in goodwill as SYNT is a going concern and as of yet not being broke up by receivership, most of the goodwill would have been from the Eastman's acquisition and any previous acquisitions adjusted, as Eastman's was only purchased on a P/E of 8 from memory (I will be corrected if I'm wrong on that) then I consider the goodwill to be an asset.

The EPS figures will look so much more attractive now from next year regarding full year results as there is now only approx 163.5 MLN shares in issue rather than the previous 468 MLN shares. This is why SYNT is a longer term investment rather than a quick in and out (Not saying that can't be done either at these levels).

turvart
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older

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