Synthomer Share Discussion Threads

[hamhamham1] 15/3/2024 12:41

Lovely jubbly

[lawson27] 15/3/2024 11:45

Breaking out nicely, GLA

[cyberbub] 13/3/2024 11:22

I bought in yesterday. The post-consolidation £100/share peak just a couple of years ago has been diluted by the rights issue down to 1500p. It seems clear now that the company will survive - whether it can return to 1500p is doubtful, but looking at the numbers and the actions being taken, in yesterday's results RNS, I would think that 800-1000p is achievable within a couple of years? Given that Mr Market looks forward and not backwards, making a run for 400p in the short term, especially as any remaining shorts close, seems quite achievable to me. There will probably be speculation about a takeover too IMO, while the valuation is so low. And then when the H1 results are out at the end of the summer, if progress continues, could easily push further northwards IMO.

Just my view, NAI DYOR

[hamhamham1] 13/3/2024 11:09

Lovely jubbly

[cyberbub] 13/3/2024 09:30

Not too late to average down...

[1knocker] 13/3/2024 09:18

So far so good. I expected a dip as a reaction to yesterday's big rise, but so far the share price continues to rise today.

I had only bought a small initial position (now 90% down), so the percentage movements do not translate into many pounds, but any up movement beats down even though I shall never see much of my money back.

[queenbreguet] 12/3/2024 13:33

Do your own research but take a look at TIFS. This market is so strange at the moment.
VG set of results.

[hamhamham1] 12/3/2024 12:33

When China actually starts to recover, then this will really pop.

[meijiman] 12/3/2024 12:22

Well it was priced as though it was going bust, so if it isn't, a big recovery is justified. I think there is much more to come here.

[geniechem] 12/3/2024 12:04

I do not understand the rise when the results to me seem so poor.

[meijiman] 12/3/2024 11:48

Some interesting thoughts. There have been so many corporate disasters. The biggest factors (aside from incompetence) are ceo and management hubris/over paying massively/ poor timing/buying a lemon. Synthomer bought reasonable stuff but GROSSLY overpaid at the wrong time. Avon on the other hand bought an absolute dog. Guess every disaster has different causes. Why people don't learn is management wish for Empire building and to be seen to be doing something.That links to the fact that ceo's get well rewarded and there is limited downside personally if it all goes wrong. The Synthomer ex ceo simply effed off somewhere else.

[1knocker] 12/3/2024 11:24

The raise was left far too late. Look at the post raise state of the balance sheet. The patient was already at death's door before anyone dialled 999.
The amount raised was not an operation, just a band aid on the wound.
Common sense says it either gets taken over for a song, or goes under after languishing for another year or so.

One of the few companies which has survived the catastrophy of a gung ho, buy at any price, CEO and complacent BOD is Smiths News. Against the odds a new team managed to ditch all the expensive acquisitions, returned to its old (highly profitable) business, has paid off debt hand over fist, and the share price is way up again and it is paying big dividends once more.

But that is the exception. This looks more like Marconi. or RBS, to me.

[blackhorse23] 12/3/2024 11:07

I think drop tomorrow, result is not good

[hamhamham1] 12/3/2024 11:02

The raise was the necessary surgery.
Then there was post op pain.
Now the wound is healing and will be left with a scar.
But will be up and running about before you know it.

[kinwah] 12/3/2024 10:57

There will be some short closing today. Maybe the Malaysians want to top up their stake for the long term. If it's not going bust it's very cheap.

[hamhamham1] 12/3/2024 10:52

There's about 1/3 of the number of shares in issue since the consolidation and raise.
So if the share price was say 200-300p a couple of years ago, that would equate to 600-900p today, to get the same market cap.

[lawson27] 12/3/2024 10:18

There's my first target @180's reached, GLA

[hamhamham1] 12/3/2024 10:01

This will be a billion pound market cap company in a couple of years again IMO.
GLA Genuine holders

[wigwammer] 12/3/2024 09:55

This is the most interesting part for me. The EBITDA line may be depressed currently but heavily weighted to higher quality business... "We have increased the speciality weighting of our portfolio to c.55% of revenue, and a higher proportion of EBITDA currently."

[isstaaz] 12/3/2024 09:48

Debt reduction is the key here. Rest of the results are as expected.

[susanfrench] 12/3/2024 09:48

Or simply a credible recovery story with real scope for share price recovery ... still 80% down in 12 months and 95% down from 2021 Covid highs

[lawson27] 12/3/2024 09:36

would be nice, but happy enough ;-)

[vulgaris] 12/3/2024 09:28

Bid coming? Now up 20% on poor results.