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SYNT Synthomer Plc

292.00
-5.00 (-1.68%)
Last Updated: 15:55:30
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
  -5.00 -1.68% 292.00 291.50 293.50 306.00 290.50 306.00 122,112 15:55:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 2.02B -67M -0.4096 -7.13 477.62M
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 297p. 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 £477.62 million. Synthomer has a price to earnings ratio (PE ratio) of -7.13.

Synthomer Share Discussion Threads

Showing 1551 to 1574 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
30/1/2024
08:30
Well spotted - my takeaway is even in a horrible market they are still generating good cash - not for widows and orphans but the turnaround here at the first sign of construction demand picking up in Germany and this will significantly re-rate.
nomolos1
30/1/2024
08:27
Confusion RNS
blackhorse23
30/1/2024
08:05
Time to buy
queenbreguet
30/1/2024
07:40
Net debt better than I expected, but note they cleverly moved payment of the £38m European purchasing fine into January 2024, so it won't be included in the end 2023 net debt figure.
wigwammer
30/1/2024
07:35
In line trading statement
nomolos1
23/1/2024
14:28
Best near term hope is the dominant Malaysian shareholder sees long term value, and makes an attractive bid.
wigwammer
23/1/2024
14:26
They have spent £1.4bn on acquisitions over the last 5 years. Yet the current enterprise value is now £0.8bn... And that's before considering the legacy £1Bn+ revenue business and adding that in. At least optically, it looks incredible value, but what a mess management have made of things. Not true to say it is an all new team - the Chair for example, has been there through the whole mess, and even received a nice pay rise last year.
wigwammer
23/1/2024
14:07
Someone took over 500k shares this morning.
babbler
23/1/2024
13:39
123.0 554716 09:46:08
121.24 86467 10:33:48
121.24 39549 10:33:53
121.24 39549 10:40:41
121.24 39549 10:40:41
121.24 86467 10:40:47

You may be right but the volume traded above does not appear to warrant the recent fall from 170p.

darrin1471
23/1/2024
13:00
Taken a punt here, @130, Bot's accumulating, double the average volume, risky, i know!
lawson27
22/1/2024
18:12
There is still a decent business there, but the company had its head in the sand too long and by the time it finally accepted that it had no choice but to raise more capital to strengthen the balance sheet, it could not raise enough. Even with the shareholders diluted almost out of existence the debt remains too high.

A takeover at a fire sale price is probably the best we can hope for. No purchaser will pay much for the shares because of the weight of debt, but if the company goes into administration and the business is sold clear of the debt, we shall see nothing for our shares.

Best mentally to write Synthomer off, and regard anything shareholders salvage from the wreck as a bonus.

1knocker
22/1/2024
13:11
Money moved to GNC & APH
blackhorse23
22/1/2024
12:43
Crikey couldn't have been more wrong, relentless at the moment this drop
pottsypotts
22/1/2024
10:51
'Hang' is the operative word, Meijiman. All of them. Pour encourager les autres.
vulgaris
22/1/2024
10:21
The management and Directors should hang their heads in shame. Pitiful and pathetic are some of the milder words to describe this omnishambles. Credulous and foolish people in charge making disastrous decisions. You might have thought old man Catto and the Malaysian would have some sort of grip but sadly not.
meijiman
19/1/2024
13:11
Good turn to positive today could this finally be the day when SYNT finds a base
pottsypotts
16/1/2024
13:40
Fortunately my holding was small. Less happily, even the dealing charges to sell it now would be significant in relation to the sale proceeds! The only reason to sell would be to clean up the portfolio, removing a holding on which I will never see my money back..

As to 'rising as dramatically as it fell', if it doubled or even quadrupled from here I would still be well in the red zone.

Those who subscribed for more shares must be feeling pretty sick.

Is there any hope of a takeover, i wonder? There is a viable business there, but in the present climate I guess no purchaser would fancy taking on the debt.

1knocker
15/1/2024
09:40
Sub £1 this week ?
my retirement fund
12/1/2024
15:19
"Synthomer shares should jump - perhaps as drastically as they have fallen."

Anyone who has got seriously burned here want to throw their own money behind that statement from Berenberg?

I for one wont be.

tuftymatt
12/1/2024
09:38
Berenberg cuts Synthomer price target to 320 (400) pence - 'buy' ?????????

Berenberg lowers target price on Synthomer

Fri, 12th Jan 2024 10:05
Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400.0p to 320.0p on Friday as it lowered its operating profit expectations for 2023-25.

Berenberg stated that cyclical stocks with high indebtedness "do not put investors at ease", noting that the more than 80% decline in Synthomer shares over the last 12 months was "a case in point". However, the German bank said it was "more optimistic".

"The firm has a leverage problem, although not a liquidity issue. Last year's £276.0m rights issue has bought time to recover," said Berenberg. "Construction market headwinds mean that the company will, in our view, show minimal progress in organically cutting its absolute net debt pile, even allowing for self-help."

Berenberg, which reiterated its 'buy' rating on the stock, noted that the moment a cyclical recovery, fast or slow, materialises, Synthomer shares should jump - perhaps as drastically as they have fallen.

"We have reduced our operating profit forecasts by a high-single-digit percentage on average for 2023-25, mainly reflecting lower construction-linked margins and volumes. Shares trade on 2025 price-to-earnings ratio of 4.2x, compared to long-run average of around 11.0x. Our price target would imply circa 9.0x," added Berenberg.

libertine
11/1/2024
13:58
darrin1471,


They allowed the purchase to go through & took on massive debt, without covering it.

They could have done a share placing at the time to dramatically reduce the level of debt they would have. Or issued a £500M debt bond for say 5 or 7 years, To ensure they had time to bed everything in etc. Instead of being totally exposed.

All they did was hedge the cash they had into $ (which was rational)

LOTM

last of the mohicans
11/1/2024
13:36
LOTM "They allowed the £1B purchase to go ahead without proper financing to be in place at the time. A criminal decision."

At the time of the acquisition (28/10/2021) BofE rates were 0.1%, we were exiting covid and the SYNT share price was near all time highs.

Congratulations to all of those who had a crystal ball in 2021 and shorted SYNT.
The share price was not a sudden collapse but a long 2 year fall. There was plenty of opportunity to sell. Small investors either took their eye off the ball or stuck their heads in the sand.
I don't have a crystal ball but today the SYNT mkt cap looks good value, higher than average risk with higher than average potential reward.
I still hold no position long or short in SYNT.

darrin1471
11/1/2024
13:10
Apologies - I used the ADVFN tracker which said 750m m/c Wow
nomolos1
11/1/2024
11:53
nomolos1,

Sadly the maths is right.

The market cap is now all of £256M with 163.57M shares in issue.

LOTM

last of the mohicans
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older

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