Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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 WT,
Yes PFC could be interesting but I’m watching IQE. Bought a few yesterday and will add on way down. Also grabbed OCDO…madness some of the stuff going on.
Lotm…like you I was just watching SYNT but when it went below 145 yesterday it seemed a bit overkill. Of course it could get worse today but it all seems to be done on no volume. Croda said demand trough still in place so assume it’s just a reaction to that.
Howdey
Wrong board I know. Did you notice 15 million shares traded PFC last thing. It’s going to be volatile Tomorrow, anything?
Hi joseywales & Walkietalkie
I see your both still trading SYNT.
I'm just sitting on the sidelines for now as far as SYNT is concerned, clearly £1.49 wasn't the top.
GLA
LOTM
Should read 143p 147p
Howdey
It’s been a bit quiet on this board, probably a good thing with all the rubbish that’s posted
Bought PFC yesterday at 27p, sold this morning at 28.5p. Bought SYNT twice this morning at 47p and 43p
Is that salted or reduced salt Lurpak!
Well at sub 145 this is interesting. Such low volume driving it as well. Added a few. Assume this is purely off the back of the US data likely to be somewhat disappointing. Probably just need to re-adjust to an acceptance that higher rates need to remain until Lurpak is back to £3.00 per 500g.
I looked at some news this morning and now can’t find it, any news on SYNT debt today?
There have been two company’s mentioned . FRES, CRDO. I gave these shares the once over. Both of these shares could gain prior to x div. Then who knows!
Hi WT,
Got 100% out of DARK at 350 so lost the 10p extra per share it went to. Bought some FRES this side of results which come this week. Not sure if it will go lower but will add and build a decent size holding. Would expect some fast change there over the summer if not before.
Still don't have the confidence to top up here but do think GMHK is right on it's impending charge. Just needs the covenant extension confirmation.
Do you calculate your avg or do you just follow the brokers avg, because the brokers avg counts for nothing.... every broker has a different way of calculating avg... some do it right, some leave out all costs and taxes, dividends...
hi gmhk
i’m doing something wright. sell high. buy low!
hi blackspider
you remind me of someone that used to post here. the maths is commendable!
hi sher-lock
no **** sherlock
Hi JW
It’s been a good week. I have been all over DARK, I have left my holding at 25% o f my holding last week,looking to buy back at 340p. I know what you mean with DARK, I know how you feel, I always feel these shares can be bought cheaper. Sold 50% of my WIZZ holding. Bought back into 888. Bought and sold SYNT once. The main thing I’m looking at this week is PAY, any weakness I shall buy.
Happy hunting
Hi BF
There aren’t to many post hear,
I hope your wright with Croder, could be just the catalyst SYNT needs
I’m out of the red with SYNT. It’s taken quite a few deals to get here. The only thing I’m going to concede on I might be slightly under, if I include the purchases tax at .5%. I’m slightly under with PFC, T is no purchase tax.
If you sell, and buy back your average goes down, but the provider of stocks just cut your losses, they look at it like you took your loss on those stocks and keep the average the same, it doesn't mean that when you reach your average that you got all your money back, you still can have a great loss.... it shows green on your broker page, but if you count all the money that you put in, it will not be the same like the amount of stocks on the average.
Short said, bought a company at 16 they dropped till 5,7 got average down at 6.8, i only had all money back when the stock reached 8.6 when my average showed 6.8.....
And we’re back to low 150s.. must be WT selling his shares again and buying them back lower
Croda announces results on 27th february.
Which should give an indication of the overall chemicals industry, with some read across to Synthomer.
Fingers crossed for positive news, and overall increased economic activity.
A group of investment banks fully supported the capital increase. The capital raise was announced in a rights issue at 9.5 Pence before the reverse split of 20 old for one new share took place. 9.5 Pence multiplied by 20 equals 190 Pence. The new shares placed were a massive dilution (276 million £) and represented the entire existing market cap. The rights which shareholders did not take up ended with the underwriters of the deal. Therefore, by approaching the 190 Pence threshold, a wave of forced liquidation took place. The underwriters did not want to lose money on the deal.
The current market cap is 255 million £, a whole turn of the former market cap evaporated. I think the company was forced to raise the capital after getting the new 480 million $ revolving credit line extension in March 2023. Management bought shares in June 2023, Michael Willome 55'500 at 72 Pence = to 1440 pence today and was probably sure to be on the right track. With the lagging turnaround, the banks pulled the trigger. I would say that management had no choice to save the company.
The 3.875% Eurobonds maturing in July 2025 recovered back to par from the low 80s in October 2022. There is more confidence from bondholders than from shareholders. In one way, it is understandable when you lose more than 90% of your investment.
But looking ahead, if they can continue to divest non-core business units and cut further costs, which they have done nicely so far, the stock has the potential to recover.
The Malaysian rubber manufacturers were facing huge headwinds after a golden cycle during the pandemic. After tripling sales and more than ten times profits the cold shower came in 2022 and 2023. Revenues cratered by 80% at Top Glove and losses were piling up.
Kuala Lumpur Kepong is the largest single shareholder in Synthomer and is one of the largest plantation companies in Malaysia. Their business is growing steadily over years, but not an industry which is very welcome by UK or European investors. The market cap is 4 billion £, about the same as the annual revenues.
We’re well positioned to finish above 160 today (Friday)
Howdey
I have got my average down to to 154p SYNT.
Sold 50% of DARK, last night and at 9.00 this morning. I ve done okay considering I hit the buy button, when I wanted to sell last week. Almost bought PFC this morning couldn’t quite hit the buy button. Just sold some WIZZ. Have some funds available, probably wait until tomorrow. Usually some profit taking one Friday
Happy hunting
A
WT, sold out of DARK at 350. Amazing what happens with that share...would never be an LTH in it. Unfortunately MCGs continuing woes are a headache. Although I was out of PFC, the low 27s were too tempting for me yesterday. So I was not 'out out'!
Have some liquidity and would really like to top up here ... just really lacking the faith that it won't simply sit in this pocket until there's a further update later in the year showing management guidance is on track. There's just no volume traded.
No previous name, only other fora, but more in Belgium, been reading here for some time, since i bought synthomer last year when it dropped..... dropped a lot further. Didn't find forums in Belgium, with discussion about Synthomer, so finaly made an account.
146 should be the bottom in this wave down. Don’t hold your breath though
Fellow members
I hope you’re wright, I sold some SYNT at 160p and bought back at 154p.
Hi JW
I out this morning, not out out! Put a limit order to buy DARK. Never seen it filled before so quickly. Where are you at with them.
Out out is a routine from Micky Flanagan. Recommended!
The algo is just running it. Case of just holding and maybe top up on a sharp fall … doubt that will happen but who knows.
WT…assume you are working on DARK this morning?
It doesn’t matter, boy.. What matters here more is that we printed higher high. Obvs we won’t go up in straight line.
P.S. blackspider.. 1 post. What was your previous username?