Synthomer Share Discussion Threads

[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] 26/10/2023 23:08

Ok thanks for the information pal.

[wigwammer] 26/10/2023 22:14

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 20:44

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 09:41

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 13:29

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 14:32

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.

[tuftymatt] 20/10/2023 08:59

I got my little bit back in cash today.

Good luck all as we really need it here!!

[boystown] 19/10/2023 17:18

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

[deanforester] 19/10/2023 16:51

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

[boystown] 19/10/2023 11:05

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

[meijiman] 18/10/2023 10:40

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!

[wigwammer] 18/10/2023 10:11

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.

[blackhorse23] 18/10/2023 09:55

Buy GATC , APH & WJG

[tuftymatt] 17/10/2023 19:54

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 👍🏻

[turvart] 17/10/2023 19:25

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.

[hazl] 17/10/2023 19:19

Thanks for the reply Al.
Apologies to holders here.