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Share Name Share Symbol Market Type Share ISIN Share Description
Synthomer Plc LSE:SYNT London Ordinary Share GB0009887422 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -15.00 -2.81% 519.50 521.00 522.00 548.00 519.50 548.00 1,442,578 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 1,644.2 20.3 0.7 742.1 2,207

Synthomer Share Discussion Threads

Showing 176 to 198 of 475 messages
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
04/3/2019
17:25
Well that was a sh1te day. Dog of the portfolio by a mile.
philanderer
04/3/2019
13:49
FT Alphaville: BE Which is still Yule Catto, to me at least, because I've been doing this too long. H2 misses by about 5%, cash flow surprisingly weak BE And nothing useful in the way of 2019 guidance. Cazenove: 2H18 underlying results are below JPMe and company consensus with 2H Adj EBIT of £62.7m (flat YoY) 2.9%/5.3% below JPMe/cons with the miss on 2H PBT of 0.6%/3.4% vs. JPMe/cons. FY18 Adj EBIT of £142.1m (+2.2% YoY; flat in CC) was lower than JPMe/cons of £144m/£145.6m. 2H miss was primarily driven by the miss in the Europe and North America (ENA) division. 2H Adj EBIT in this division around 15% below JPMe/cons and down 11.4% YoY (FY18 EBIT down 5% YoY and down 5.8% YoY in CC) reflecting primarily the impact from weaker demand and customer inventory destocking in 4Q18. On the other hand, the adj EBIT in Asia and ROW (ARW) division in 2H18 was strong with 36.5% YoY growth (FY18 EBIT up 30% YoY and up 25.6% YoY on CC) .... .... driven by the higher than expected tailwind from tighter demand/supply environment in the nitrile latex division 2H18 FCF was well below our estimate due to higher capex resulting in FY18 end net debt of £214m (1.2x TTM EBITDA) vs.JPMe of £186.5m and £180.5m in FY17-end (1x EBITDA). Company is indicating furtherprogress in FY19 without specific guidance. Current FY19 Adj EBIT consensus implies almost 11% YoY growth which seems high to us with our current FY19E EBIT around 6% below consensus. FY18 proposed dividend is modestly higher than expectations. Morgan Stanley: Bottom line… We expect the shares to be soft given (1) ~5% H2’18 EBIT miss, (2) weaker operating free cash flow, and (3) likely (2-5%) FY’19 cons PBT downgrades, we think. Synthomer reported H2’18 sales of £785.1m, ~6% ahead of consensus (£739.4m). However, EBIT for the period was £62.7m, ~5% below cons (£66.2m), largely a consequence of softer market dynamics in Europe & North America (destocking, volatile raws), and with the company citing some transactional headwinds from a softer USD (FY’18 -£10m). H2’18 PBT of £58.9m was ~3.4% below consensus (£61m). Divisionally ENA was soft down greater than 10% YoY in the second half (incl. positive portfolio and synergy effects), while ARW was broadly stable YoY, as Synthomer ramped up its capacity expansion in Q4’18. At the end of the year, net debt/EBITDA increased to 1.2x (1.1x at the end of 1H’18), as underlying operating cash flow decreased to £20.0m (from £77.9m in FY17) with a significant increase in WC (£35m outflow vs £9.5m inflow in FY17), particularly as raw material prices increased in Q4’18 vs Q4’17 and capex increased to £75.7m (FY17 £60.3m) mainly due to previously announced capacity expansions in Malaysia, Germany, US and Italy. DPS of 13.1 was slightly below cons. expectations (DPS 13.4). We will look to clarify at this morning’s presentation, the FY’19 guidance which calls for ‘further progress’, versus the significant step up (+9%) implied in cons. PBT expectations. https://ftalphaville.ft.com/marketslive/2019-03-04/
philanderer
04/3/2019
13:37
Not sure if this is correct .. Market report: "...On the downside, Synthomer slumped as its full-year earnings before interest and tax missed analysts' expectations" HTTPS://www.sharecast.com/news/market-report-midday/london-midday-stocks-extend-gains-as-sterling-slips-on-construction-data--3773008.html
philanderer
04/3/2019
13:30
Peel Hunt reiterating 'buy' .. their last tp was 515p
philanderer
04/3/2019
11:14
Ah, there we go, coming back now!
richardbroughton
04/3/2019
11:13
Since 8th of June 2018 in fact. Must be that tho' as the numbers don't seem to me to justify a drop of 10% and nothing seems much different from the trading update a few months ago, but what do I know, not a lot! Been in and out here for over 10 years and the share has been very good for me. Wondering about a top up as this fall seems overdone?
richardbroughton
04/3/2019
10:43
Agreed , although that's been known for a while.
philanderer
04/3/2019
10:36
Risk is this...As announced on 8 June 2018, the European Commission (the Commission) initiated an investigation into practices relating to the purchase of styrene monomer by companies, including Synthomer, operating in the European Economic Area. The Company takes competition laws very seriously and will continue to fully cooperate with the Commission during its ongoing investigation.
r9505571
04/3/2019
10:10
Top FTSE250 faller this morning. All I could find... Europe and North America saw sharply falling raw material prices in the fourth quarter, which affected customer buying behaviour and led to a softer trading environment in the final quarter of the year. proactiveinvestors.co.uk
philanderer
04/3/2019
08:42
Results look good but market doesn't think so. Not enough growth? Revenue up 9.4% at £1.6bn Record Underlying profit before tax, up 3.9% at £135.1m The Group absorbed a total of £10.1m of USD currency transactional headwind IFRS profit before tax up 39.2% at £120.3m (2017: £86.4m)
deadly
28/2/2019
16:02
4th March 2019 - Prelim announcement
ttjohns
27/2/2019
08:43
27th feb Peel Hunt buy tp 515p reiterates
philanderer
15/2/2019
15:06
Agreed - Looks more interesting now. ..
james dean
15/2/2019
13:33
Looks to have a clear run to 415p which appears to be the next chart resistance.
philanderer
15/2/2019
09:57
Added a few more this morning
philanderer
13/2/2019
17:35
13th feb Peel Hunt buy tp 515p reiterates
philanderer
28/1/2019
13:41
Questor: Synthomer’s bosses may not have managed Ineos-style growth but the stock is a buy https://www.telegraph.co.uk/investing/shares/questor-synthomers-bosses-may-not-have-managed-ineos-style-growth/
philanderer
09/11/2018
18:09
Do we know the reason for the steep fall?
bazzer1000
06/11/2018
15:58
Surprised there was no comment on the steep fall here since the good results in August. TS today supports the previous valuation.
deadly
08/8/2018
10:31
It’s motoring now 🤗🤗🤗🍺
johnsoho
08/8/2018
09:47
Now added and the share price is still going up!!!the chart just appears to be going up and up year on year, in my view a VERY GOOD performance.
johnsoho
07/8/2018
19:25
RNS looks good to me and there is an increased dividend; I’m adding to my holding Synthomer PLC Results for the six months ended 30 June 2018 Intraday Synthomer Chart Intraday Synthomer Chart 06/08/2018 7:00am UK Regulatory (RNS & others) TIDMSYNT RNS Number : 8856W Synthomer PLC 06 August 2018 6 August 2018 Synthomer plc Interim Results for the six months ended 30 June 2018 Geographic & product diversity underpins sustainable growth Underlying profit before tax up 6.4% and full year expectations unchanged H1 HIGHLIGHTS 2018 2017 Increase / (decrease) Underlying performance (1) Reported Constant Currency(2) ------- ------- --------- ------------- GBPm GBPm % % Revenue 833.8 770.3 8.2 6.4 ------- ------- --------- Volumes (ktes) 796.6 730.2 9.1 9.1 ------- ------- --------- Europe and North America 64.4 64.3 0.2 (1.4) (ENA) Asia and ROW (ARW) 22.5 18.1 24.3 21.5 Unallocated (7.5) (5.9) (27.1) (27.1) ------- ------- --------- Operating Profit 79.4 76.5 3.8 1.8 ------- ------- --------- Profit before Tax 76.2 71.6 6.4 4.3 ------- ------- --------- EPS (p) 18.4 16.8 9.5 DPS (p) 4.0 3.7 8.1 IFRS Profit before Tax 86.2 53.4 61.4 IFRS EPS (p) 20.6 12.5 64.8 -------------------------------------- ------- ------- --- --------- ------------- 1 - Underlying performance excludes Special Items. Comments on Underlying performance and a detailed analysis of the Special Items are set out in note 3. 2 - Constant currency sales and profit: these reflect current year results for the Existing business translated at the prior year's average exchange rates, and include the impact of acquisitions. H1 highlights: -- Underlying profit before tax (PBT) up 6.4% to GBP76.2m (constant currency up 4.3%): -- Good volume growth in Europe & North America (ENA); unit margins slightly softer due to US$ transaction headwind (c.GBP5m) -- Strong volume growth in Asia & Rest of World (ARW); unit margin growth in Nitriles -- Successful integration of BASF Pischelsdorf following completion in January -- IFRS profit before tax GBP86.2m -- Investment programme to increase capacity across the network on track -- R&D delivering sustainable growth: new products represent circa 20% of total sales in Existing business (2017: 20%) -- Effective tax rate reduced to 18.0% (H1 2017: 20.0%) -- Underlying earnings per share up 9.5% at 18.4p per share -- Interim dividend of 4.0p (2017: 3.7p); increase of 8.1% in line with dividend policy -- Strong and flexible balance sheet maintained - leverage 1.1x EBITDA Commenting on the results, Neil Johnson, Chairman, said: "Synthomer has had a good first six months of the year, reporting a further increase in Underlying profit, underpinned by our geographic and product diversity alongside the Group's strategy of driving organic growth and investing in bolt-on acquisitions. We have made strong operational progress, with continued progress on Safety, Health & Environment policies as well as the Manufacturing Excellence initiatives delivering improved efficiency and output. Our investment programme to increase production capacity has continued. We have also invested to strengthen our supply chain resilience and procurement flexibility in a relatively volatile raw material market. Inorganic growth has come through our acquisition of the Pischelsdorf site from BASF during January. Notwithstanding ongoing political and economic uncertainty, the Group's diversified business means we are well placed to make continued progress and the Board's expectations for the full year remain unchanged. Looking to 2019, we remain cautiously optimistic about the future prospects of the Group. The growth capex is expected to yield returns in both ENA and ARW and we will continue to explore both bolt-on and transformational acquisitions in a disciplined manner.
johnsoho
07/8/2018
19:23
Nice RNS with an increased dividend. Synthomer PLC Results for the six months ended 30 June 2018 Intraday Synthomer Chart Intraday Synthomer Chart 06/08/2018 7:00am UK Regulatory (RNS & others) TIDMSYNT RNS Number : 8856W Synthomer PLC 06 August 2018 6 August 2018 Synthomer plc Interim Results for the six months ended 30 June 2018 Geographic & product diversity underpins sustainable growth Underlying profit before tax up 6.4% and full year expectations unchanged H1 HIGHLIGHTS 2018 2017 Increase / (decrease) Underlying performance (1) Reported Constant Currency(2) ------- ------- --------- ------------- GBPm GBPm % % Revenue 833.8 770.3 8.2 6.4 ------- ------- --------- Volumes (ktes) 796.6 730.2 9.1 9.1 ------- ------- --------- Europe and North America 64.4 64.3 0.2 (1.4) (ENA) Asia and ROW (ARW) 22.5 18.1 24.3 21.5 Unallocated (7.5) (5.9) (27.1) (27.1) ------- ------- --------- Operating Profit 79.4 76.5 3.8 1.8 ------- ------- --------- Profit before Tax 76.2 71.6 6.4 4.3 ------- ------- --------- EPS (p) 18.4 16.8 9.5 DPS (p) 4.0 3.7 8.1 IFRS Profit before Tax 86.2 53.4 61.4 IFRS EPS (p) 20.6 12.5 64.8 -------------------------------------- ------- ------- --- --------- ------------- 1 - Underlying performance excludes Special Items. Comments on Underlying performance and a detailed analysis of the Special Items are set out in note 3. 2 - Constant currency sales and profit: these reflect current year results for the Existing business translated at the prior year's average exchange rates, and include the impact of acquisitions. H1 highlights: -- Underlying profit before tax (PBT) up 6.4% to GBP76.2m (constant currency up 4.3%): -- Good volume growth in Europe & North America (ENA); unit margins slightly softer due to US$ transaction headwind (c.GBP5m) -- Strong volume growth in Asia & Rest of World (ARW); unit margin growth in Nitriles -- Successful integration of BASF Pischelsdorf following completion in January -- IFRS profit before tax GBP86.2m -- Investment programme to increase capacity across the network on track -- R&D delivering sustainable growth: new products represent circa 20% of total sales in Existing business (2017: 20%) -- Effective tax rate reduced to 18.0% (H1 2017: 20.0%) -- Underlying earnings per share up 9.5% at 18.4p per share -- Interim dividend of 4.0p (2017: 3.7p); increase of 8.1% in line with dividend policy -- Strong and flexible balance sheet maintained - leverage 1.1x EBITDA Commenting on the results, Neil Johnson, Chairman, said: "Synthomer has had a good first six months of the year, reporting a further increase in Underlying profit, underpinned by our geographic and product diversity alongside the Group's strategy of driving organic growth and investing in bolt-on acquisitions. We have made strong operational progress, with continued progress on Safety, Health & Environment policies as well as the Manufacturing Excellence initiatives delivering improved efficiency and output. Our investment programme to increase production capacity has continued. We have also invested to strengthen our supply chain resilience and procurement flexibility in a relatively volatile raw material market. Inorganic growth has come through our acquisition of the Pischelsdorf site from BASF during January. Notwithstanding ongoing political and economic uncertainty, the Group's diversified business means we are well placed to make continued progress and the Board's expectations for the full year remain unchanged. Looking to 2019, we remain cautiously optimistic about the future prospects of the Group. The growth capex is expected to yield returns in both ENA and ARW and we will continue to explore both bolt-on and transformational acquisitions in a disciplined manner.
johnsoho
Chat Pages: 19  18  17  16  15  14  13  12  11  10  9  8  Older
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