Synthomer Share Discussion Threads

[underdog] 01/7/2016 08:04

Good news re acquisition completion with a neatly hedged exchange rate back in March. Trading outlook in line with expectation but should benefit considerably from the weaker £. Solid company. Should rebound rapidly to previous highs.

[johnsoho] 22/6/2016 15:17

Thanks stevemarkus, yes, you maybe right, I guess only time will tell.

[stevemarkus] 22/6/2016 11:12

I expect it is more to do with the warning from Elementis this morning. However the companies are very different, so I don't think it's anything to worry about.

[johnsoho] 22/6/2016 07:50

Amazing, the company decides to retain their auditors after a competative tendering process and the share price drops like a stone!!! I wonder if the share price is being manipulated for some reason???

[james dean] 21/3/2016 20:23

Acquisition Released : 21/03/2016 RNS Number : 6687S Synthomer PLC 21 March 2016 21 March 2016 Synthomer Plc Acquisition of HEXION Performance Adhesives & Coatings Synthomer plc (LSE:SYNT) ('Synthomer' or the 'Group'), a leading speciality chemicals company, today announces the acquisition of HEXION Performance Adhesives & Coatings ('HEXION PAC'), a business of HEXION Inc., a global chemical company based in Columbus, Ohio in the USA. The total consideration is $226 million (£156 million*) which is being funded from both existing cash resources and utilisation of additional credit facilities. The acquisition is expected to complete during the summer 2016 following receipt of regulatory approvals and satisfaction of other closing conditions. Hexion PAC develops, manufactures and markets a wide array of dispersions, additives, powder coatings and speciality monomers, supplying a global customer base across a broad range of end-use including coatings, adhesives and for building and construction applications. The business employs approximately 750 employees and operates 7 sites across Europe, the USA and Asia. In the year to 31 December 2015, HEXION PAC, generated sales of $370 million and EBITDA of $30 million. At 31 December 2015, HEXION PAC had gross assets of $149 million. It is expected that the acquisition will be earnings enhancing for Synthomer in the first full year. The existing leadership team of Hexion PAC will transfer with the business to Synthomer. The acquisition of HEXION PAC significantly strengthens Synthomer's position in the performance adhesives and coatings market, offering access to new product technologies, customers and markets. HEXION PAC is also highly complementary to Synthomer's existing business both geographically and in the markets in which it operates. Following completion, the Group will have a stronger platform from which to continue its growth aspirations in the Speciality Coatings market. Synthomer expects to achieve approximately $12m of annualised synergies by end 2018 through the integration of HEXION PAC's businesses into the Group. The estimated costs to achieve the synergies are $9m of restructuring costs and $12m of capital costs. The purchase price represents a pre-synergy multiple of 7.5x and a post-synergy multiple of 5.4x and the Group's pro-forma leverage will increase to approximately 1.5x based on the Group's 2015 year-end numbers. Calum MacLean, Chief Executive Officer of Synthomer, said: "The acquisition of HEXION PAC represents a further step forward in our strategy to continue to grow and develop the business. This acquisition strengthens our platform for continued growth in the global dispersions and additives market, and in particular expands our presence in the US and Asia. HEXION PAC has a good performance track record and shares our commitment to innovation and emphasis on strong customer relationships. We look forward to welcoming our new colleagues and integrating the business with Synthomer through the remainder of this year." *Foreign exchange rate for Sterling/US Dollar used is $1.45, being the rate as at 19 March 2016. - ENDS - Enquiries: Calum MacLean, Chief Executive Officer Tel: + 44 (0) 1279 436 211 Stephen Bennett, Chief Financial Officer Tel: + 44 (0) 1279 775 250 Charles Armitstead, Teneo Strategy Tel: + 44 (0) 207 240 2484 Conference call: The Company will hold a conference call for investors and analysts at 0900 BST today: Dial-in number: [phone] Conference ID: 75382782 This information is provided by RNS The company news service from the London Stock Exchange

[richardbroughton] 01/3/2016 11:42

Results tomorrow, will probably drop, usually does.

[johnsoho] 06/11/2015 11:12

Given the following third qtr trading update the share price drop, in my view, is a complete overreaction; would not be at all surprised if by this time next week the share price has made a full recovery, I think it's a buy at the current price!!! So just added a few more. Synthomer plc ('Synthomer' or 'the Group') today issues a trading update for the third quarter ended September 30(th) , 2015. Trading Europe and North America The Europe and North America segment has continued to perform in line with the positive trends seen during the first half of the year. Whilst volumes were lower than Q3 2014 due to ongoing weakness in our Paper business, we continued to make good progress driven by a further improvement in Construction and Coatings and Functional Polymers. The recent falls in raw material prices helped to deliver a modest improvement in unit margins in Q3 over Q2 and the comparable period in 2014. Asia and Rest of World The Asia and Rest of World segment has continued to perform strongly in Q3, with both volumes and unit margins higher than in Q2 and Q3 2014. This ongoing momentum reflects a further rise in volumes and unit margins in our Nitrile business. Our principal revenue streams and raw material costs in Asia are US dollar denominated, and accordingly the recent volatility in the Malaysian Ringgit has a limited impact on the reported operating profit in Sterling. Financial Position Group debt increased from GBP77.2m to GBP94.8m following the Final Ordinary and Special dividend payments of GBP42.8m on 3 July 2015, offset by continued strong cash generation of GBP26.0m during the period. The Group balance sheet remains strong with the net debt/ EBITDA ratio below 1x. Outlook Overall, the Board's expectations for Full Year 2015 remain unchanged. Looking further ahead, in Europe and North America, our strategy continues to focus on innovation, margin improvement and tight cost control to drive performance. Consequently, we expect this segment to continue at similar volumes and margins through 2016. As stated in our interim results, a number of Asian Nitrile producers, including Synthomer, have announced plans to increase capacity during the latter part of 2016 and early 2017. Whilst we are confident of continued growth in the market and strong demand going into next year, we expect this planned capacity increase to impact the supply/ demand balance during the second half of 2016 leading to similar net volumes and margins to 2015 for the year as a whole. -ENDS-

[richardbroughton] 06/11/2015 09:20

Held for years, always drops on neutral trading updates , dunno why.

[bamboo2] 18/8/2015 11:46

Target 396. Bought in.

[k3ndo] 04/8/2015 13:36

Turning into a very good day for SNYNT.

[richardbroughton] 19/3/2015 18:53

£600K buy from the new CEO, impressive! Market likes it, at present anyway.

[pka3] 26/2/2015 11:02

Share price holding up ..... for now. Final div up 30% to 4.8p and a special div of 7.8p gives a decent yield.

[moneybags] 25/2/2015 16:19

Richard..........Yup, your right, mainly down on a results day.The better the results, the more it goes down.......Crazy , Ain't it. p.s.......Raining here on the I.O.M....! Regards , Moneybags

[richardbroughton] 24/2/2015 12:32

It usually drops on results as in the past the language was always glass half empty rather than half full. Be interesting to see if new CEO puts a different slant on it!

[pka3] 24/2/2015 11:48

Results out on Thursday. They said it expects full-year profit for the year ended 31 December to be in the middle of the current consensus range of £80.9m to £87.3m. So no surprises there. The balance sheet and cash flow should be healthy and hopefully they have a progressive dividend. The share price is ticking up nicely. May it continue.

[moneybags] 23/2/2015 14:33

Hi Campers This is having a 'Nice Wee Run' in the past month. It's getting there. I Thought it was oversold in the past few months for the P/E and recent results. We shall see...... Aye, Moneybags

[moneybags] 23/2/2015 14:33

Hi Campers This is having a 'Nice Wee Run' in the past month. It's getting there. I Thought it was oversold in the past few months for the P/E and recent results. We shall see...... Aye, Moneybags

[jeffcranbounre] 20/1/2015 18:11

Synthomer is featured in today's ADVFN podcast. To listen to the podcast click here> http://bit.ly/ADVFN0111 In today's podcast: - Alan Green CEO of TradersOwn.co.uk will be chatting about European QE and a steady company that pays a dividend, who shares price has trebled in price over the last 5 years. Alan on Twitter is @TradersOwn - And the micro and macro news including: Afren #AFR Sky #SKY Capita #CPI LondonMetric Property #LMP Balfour Beatty #BBY WS Atkins #ATK Aggreko #AGK Victoria Oil & Gas #VOG Petrofac #PFC NAHL #NAHL Rio Tinto #RIO IG Group #IGG Unilever #ULVR Aviva #AV. Friends Life #FLG William Hill #WMH Stock Spirits Group #STCK Centaur Media #CAU TSB Banking #TSB Synthomer #SYNT Coca-Cola HBC #CCH Sula Iron & Gold #SULA   Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register.   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE Setting up an account on ADVFN is FREE!!! Just CLICK HERE to register. But as a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    

[jeffcranbounre] 16/1/2015 19:32

Synthomer is featured on today's ADVFN podcast. To listen to the podcast click here> http://bit.ly/ADVFN0109 In today's podcast: - Technical Analyst and PR at Materinvestor.co.uk Zak Mir chatting and charting Quindell and it’s good news if you’re Quindell investor, Nanoco, Afren, Blur and should you invest in BP or Royal Dutch Shell? Zak on Twitter is @ZaksTradingCafe - And the micro and macro news including: Quindell #QPP Afren #AFR Royal Bank of Scotland #RBS Blur #BLUR Nanoco #NANO BP #BP. Royal Dutch Shell #RDSB Moneysupermarket.com #MONY GlaxoSmithKline #GSK Synthomer #SYNT JD Sports #JD. HSBC #HSBA Google #GOOG Standard Chartered #STAN Vedanta Resources #VED MyCelx Technologies #MYXR IG Group #IGG Shire #SHP AstraZeneca #AZN Smith (DS) #SMIN Dignity #DTY Tristel #TSTL Lancashire #LRE Wolseley #WOS Robert Walters #RWA Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    

[richardbroughton] 14/1/2015 10:29

POO should help bottom line here unless hedged.

[richardbroughton] 18/11/2014 11:05

looks like a good appointment, usually makes me nervous when CEO resigns, e.g. King at Saino's, they have the inside track but this looks OK.

[123ct] 28/10/2014 09:23

Thanks, I have given up on Hargreaves Lansdown,