London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi GMHK, JW, LOTM
I said yesterday I was building a position this week with 888, I have trousered 3k This morning. Which brings me nicely to SYNT. It I dug in at 150p I don’t know for how long. Any suggestions on buying and selling prices, trading range. With LOTM I won’t hold my breath waiting for a response
Just fyi.. that 27.1k shares buy was not mine.. someone else sees opportunity here and is also buying 😅
I have set a limit buy at 145p for another 7000 shares though in case if by any miracle we dip momentarily. But now I’m content with my investment at 189 average
Added 7002 shares at disappointing price of 151 😕
Average now 189
Should I allocate another 20k into it? I can’t see any downside to this share before the final results in mid March. That would only reduce my average to 184.. not sure it’s worth it.. though.. having said that………….. 🤣
Added once again.. 7001 shares (if anyone wants to check on the transaction list 😆). Average now is 195p which is below RI price. Fully diluted shares count 1370.. now 42k shares. Let’s f.. go!
P.S. I might have a gambling problem but the chart is looking ever more and more promising with this little correction😆🤦♂️
Saw your purchase among the field of A trades. I hope we will be closing in on your average shortly. Shame it had that pullback but it's sure to be a bumpy road .... all the way to 300/350 hopefully!
Just added 7000shares this morning to lower my average down to 205. Need 40% rise from current level to turn this disaster around into break even
I am/was so down (-23k loss out of 25k investment) on this but refused to sit on my hands. Have been waiting for the right moment and trading update seemed to have been the time to start buying. I was hoping the statement would have had more negative impact and wanted to buy cheaper than I actually did. But still 219 average is pretty reasonable to me. I might add more into it to get it down below 200
HI GMHK
I don’t mean to be disingenuous. But some people on this board. Don’t walk the walk or talk the talk. It’s not an easy thing to do. Chasing down shares. I have been doing this all week with 888 and I’m on the money. I’m pretty close with SYNT i can smell a profit. A couple of trades and a rising SP. There can be a bit of profit taking on a Friday I don’t know if that applies to SYNT or not. Good luck again
Every £10k I put in at this stage lowers the average less generously so I’m slightly divided whether pump more £ into it. I got my fully diluted average of 1824 down to current 219. Check my chat history if you’re in disbelief 😆
Walkietkie, what makes you think I’m not genuine? Lol
I haven’t bought the latest £10k yet as by looking at the chart we might dip to 143 later today or tomorrow morning
Hi GMHK
If your genuine, good luck. I sold a few yesterday, just bought back at 145p. I now have averaged down to 165p
If we dip below 150, I’m buying another £10k worth. It should lower my average to 206
Any buy below 150 is a gift from now on. If we carry on pumping till 190, there’s high probability we’ll revisit 150 as a retracement move to create higher low
Good luck to those of you who stood firm.
My losses are now considerable, but I'm not chasing this.
I'll wait for a trading range to be established & decide from there
LOTM
Spot on, JW. I feel for poor LOTM though - selling out at all-time lows just when many signs are emerging that the global manufacturing economy is turning, aided by expected rate cuts from both the Fed and the BOE (hopefully) in the next 12 weeks. One of my 5 UK investments that should see a big breakout in 2024, IMO. DYOR though.
Nice move. Onwards and upwards! Fingers crossed nobody acted on the suggestion of the sellers yesterday. ATB
First resistance point at 190p
Pleased your right on this GMHK. Couldn't care less about the packet I sold yesterday and will hold for gold now!
That £38m fine payment is a bit false flag. They would have it accounted for in their balance sheet since it was already a liability. So net debt should include that already.
Just to be clear , as I said the long term technical chart , is bearish, notwithstanding that the short term, may gave a short term bear rally . The simplest method, to clarify the bearish status , is whether the first sp, in the period viewed, is higher than the sp, at the right hand side of the chart. In that case, my viewing of the charts, on lse, shows, bearish for 5 year, 3 year , 2 year, 1 year and 3 month. This mostly bearish status of the charts, lead me to my conclusion, that SYNT, is speculative, and high risk for medium to long term investment. Always remember, that bear trends are described as lower peaks(rallies), and lower troughs(reactions).
Yup.. bullish as f..k 🚀🚀🚀
An important correction: They have never been 'BBB' rated, which would be investment grade, and indeed a huge hurdle to fall from as many bond funds won't be allowed to hold a junk bond (ratings below Baa/BBB). Yesterday Synthomer was downgraded from 'BB' to 'BB-', which I would say was very expected as the company has done very poorly for a long time, and Moody's downgrade the company from Ba2 to Ba3 already back in June. No reason for S&P to drag their feet as long as they did until yesterday.
Now both ratings agencies have the same level on the company, and in my humble opinion, this was highly expected, but now we have to hope management does enough to stabilise the ship and get S&P to remove the negative outlook status to a stable outlook in 2024.
GL to all, this is a very interesting company/situation.
S&P is a ratings agency, not an investment bank. They are never buying any shares in a million years.
Sp, target 165, from two different methods, first,overhead supply from previous trading and second, first rally difference difference added to the first price peak. Sp, today has crossed above daily Japanese candlestick , doji(small body difference between open and close, and much larger high-low difference). The small body doji, had the highest volume for 3 months, making the rally above the doji high of 141.5, significant. Technically the long term chart, is in a bearish downtrend, so SYNT, ought to be treated as speculative. However the supporting chemical chart appears to have turned bullish. DYOR.
Just bought another 7000 shares for just over 10k. My average now is 219 (down from 242p). This is looking quite promising now. Holding 28k shares 🚀