Synthomer Share Discussion Threads

[queenbreguet] 12/3/2024 08:52

Market is baffaling this company is on its knees and share price goes up 14% compared to IT Fluid systems which has increased it div by 169% and Adjusted EBIT by 42% and revenue by 7.6% but still manages to go down by 1.4%

[sdt7618] 12/3/2024 08:13

Market doesn't say bust!

[blackhorse23] 12/3/2024 07:21

Revenue down 15% & loss is now 3 times more than last year

[blackhorse23] 01/3/2024 08:02

https://www.ft.com/content/70ef625d-ef64-49e6-82dc-41a4b0789794

[darrin1471] 29/2/2024 20:45

Apparently today is the adjustment day for the MSCI indices

"Most index providers rebalance their indexes regularly, adding or removing securities or changing the weights of existing index constituents. Indexes typically rebalance on a consistent schedule, but the timing can vary by provider. For example, S&P Dow Jones Indices typically rebalances indexes on the third Friday at the end of each calendar quarter, while rebalances in MSCI indexes occur on the last business day of February, May, August and November."



Probably the cause of the massive closing auction in a number of shares. SFOR, PFC and CURY

[pottsypotts] 29/2/2024 19:35

What for it mean, bad or good

[darrin1471] 29/2/2024 16:36

Wow look at the closing auction volume. Nearly 4 million

[libertine] 22/2/2024 14:43

22 February 2024
Synthomer still a ‘buy’ for Peel Hunt but disposals are needed
Disposals are needed at Synthomer (SYNT) to catalyse a rerating of the chemical company’s shares, says Peel Hunt.

Analyst Harry Philips retained his ‘buy’ recommendation but reduced the target price from 320p to 250p on the Citywire Elite Companies A-rated stock, which shed 2.4%, or 3.7p, to 151p on Wednesday. The shares are down 86% over the past year after swinging to a loss-making position and being forced to go cap in hand to the market in a £276m raise.

Philips said ‘disposals are needed to accelerate the deleveraging process’.

‘In our view, the company has raised just enough, but without disposals, a rerating to our 250p target price is unlikely to happen organically in the short to medium term,’ he said.

‘We see the stock as an eyes-open “buy” that still has bumps and challenges, but also has a platform.’

[pottsypotts] 15/2/2024 16:06

This is looking like it's forming a classic uptrend

[queenbreguet] 14/2/2024 15:30

Hopefully more punters will take note of the upside with this share.

[lawson27] 14/2/2024 15:08

Bot's all over this today!

[lawson27] 12/2/2024 14:06

Agree, would be good to see this one back to the 180 range for starters, GLA

[libertine] 07/2/2024 10:59

EXPERT VIEW
06 FEB, 2024

Berenberg recommends ‘buy’ Synthomer
Specialist chemicals group Synthomer (SYNT) is at ‘the right time in the cycle for some action’, according to Berenberg.

Analyst Sebastian Bray retained his ‘buy’ recommendation and target price of 320p on the Citywire Elite Companies A-rated stock, which fell 5.1% to 143.1p on Monday.

Bray said the ‘key message’ from the trading update this month was that debt is down, with the corollary being that the shares increased ‘despite continued headwinds to the adhesives unit’ that saw earnings decrease modestly below consensus expectations.

‘Rising China chemicals imports and a recent bottoming of base chemicals prices in our view signal the start of a recovery in demand for chemicals in 2024,’ said Bray.

‘The pick-up in Synthomer’s volumes of nitrile latex in the fourth quarter appears consistent with the beginnings of a modest recovery, as reflected in the 12% rally in TopGlove shares since the start of December.’

He added that Synthomer is one of the ‘most levered to a macro recovery in European chemicals’.

[slater5] 06/2/2024 21:30

180p by end of February.

[lawson27] 02/2/2024 12:03

Bot's all over this, taken some more @154, someone's accumulating?, GLA

[lawson27] 31/1/2024 19:44

Not so risky @130 after all, :-) GLA

[hamhamham1] 31/1/2024 15:10

cast.com/news/news-and-announcements/synthomer--15996352.html

Remove the space in url.

Net debt down loads between publishing those 2 articles!!!

[hamhamham1] 31/1/2024 13:49

Yeah, 245p seems a better near term target ;)

[queenbreguet] 31/1/2024 12:12

Hopefully a lot more than 145p

[hamhamham1] 30/1/2024 18:15

Tomorrow it is ;)