Synthomer Share Discussion Threads

[wigwammer] 23/11/2023 10:56

The low trading volumes are remarkable for a company the size of Synthomer - with £2.2bn+ revenues. Rather reminiscent of pre RI days, large uncrossing sell trades each day after the bell. It is almost as if institutional buyers have gone on strike. Why might that be? Is it that ONCE AGAIN Synthomer have poorly communicated with the market at large? Certainly for a company that claims that trading is within expected boundaries, the resulting drop in price is rather hard to fathom.

[tayle] 15/11/2023 13:17

Since they knocked the divi on the head, that's all they have delivered dodgy no hope statements. Give that women another 20% pay rise !!

[blackhorse23] 15/11/2023 09:58

Bought GNC today

[blackhorse23] 15/11/2023 07:19

Dodgy trading statement

[libertine] 14/11/2023 18:03

November 15th Q3 trading statement

[hamhamham1] 09/11/2023 14:38

I didn't edit my post?
What from and to?

You are a bitter old 'rent a troll' fukwit :)

[hamhamham1] 06/11/2023 20:00

Darrin. Maybe. But I only weeny slice of portfolio in here, if drops a lot I could double up, if it looks OK to do, if not, at these levels am happy to let it play out.
You pays yer money...

[darrin1471] 06/11/2023 14:42

ham: from your sharecast link:
"Synthomer was a classic early cycle share"
"weaker volume outlook in 2024 for the construction-and-coatings linked component of sales."

About 40% of SYNT revenue comes from coatings & construction solutions. IMO this cycle is different from the GFC as interest rates were slashed during the GFC and today we are only just entering a period of "for higher and longer" interest rates. If the narrative remains higher and longer then construction still has a way to fall and the cycle has several years before it turns.

[hamhamham1] 06/11/2023 08:39

Nice start, ahhh the nay sayers... ;)
(and cue downtick by MRF)

[hamhamham1] 05/11/2023 08:30

You are going to miss out on a broad market rise over next 2 months. Watch and see...

[hamhamham1] 05/11/2023 08:26

MYF, what is the net asset value here, do you know?

[libertine] 03/11/2023 15:57

And Sell!!!

[mirabeau] 03/11/2023 14:57

that is one hell of a director buy

[blackhorse23] 02/11/2023 08:19

Out now & going to buy GATC

[turvart] 27/10/2023 00:08

Ok thanks for the information pal.

[wigwammer] 26/10/2023 23:14

I really meant the CEO and FD who were responsible for buying Eastman in 2022, consequently leveraging the balance sheet excessively, and also p1ssing away the hundreds of millions extra earned during covid... Caroline Johnstone has been chair since 2020 and presumably party to all these abysmal decisions - I have no idea why shareholders are still paying her £235k pa, and it is embarrassing that she has not been shown the door, imo.

[turvart] 26/10/2023 21:44

Hi Wigwammer,

Was that the reason for todays rise? where did you hear this information? as I can't see any RNS.

Regards.

[wigwammer] 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 :(

[montyhedge] 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 ?

[1knocker] 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.