Synthomer Share Chat (SYNT)

Far more likely (and obvious) that the price pressure is caused by Jupiter exiting their position. We were informed at the end of September they had aggressively reduced from 7.8% to 4.6%, and given the illiquidity of the stock it is little surprise to see this having an impact. I suspect therefore we will sooner or later get an update showing that Jupiter have aggressively reduced again. ATB

More convinced there's a short messing around under the threshold or a build about to happen now that Canarcord's chipped in with a downwards price revision (with no recent news to influence it). It's like the last piece of the playbook ... hedge fund calls broker to remind them of the business they put through them and why certain tickers need some 'revisions'.

Who knows what tomorrow will bring. Just a sit and wait for the 220s and buy more if it nudges 200. Last year update was in November so reckon we will have another month of floating in the low numbers. Expecting some rosier outlook in the next update …or rather hoping!

JW……I think we are almost there! I have got my average down to 218p. I missed the high and low on Friday my average would have been a bit lower. Tomorrow?

WT ... started buying yesterday and bought a few lots today. Got a felling I should have waited for sub 205 but it's impossible to know. Such low volume drags it down so rapidly each time.

Howdey partner

How are you doing with building a position in SYNT. I have bought my average down to 219p. I have almost as many share as I did last march.

Happy hunting

With Croda (CRDA) and Trinseo (TSE) stock prices looking like they are turning up, will Synthomer follow.

Forwards looking to better economic data after the intest rate cuts and 'stimulus' policies of central banks.

Not sure if anyone took up my suggestion on another plastic alternative called Trinseo, a competitor of synthomer. Up 300% so far. Ironically found it when I was reading an article on synthomer on price fixing. Looks like it's got another 3x left in it

Never a bad time to take profit. I’m hanging in there. I bought some Shell Shares today. I finished ahead at the end of the day. I have not had Shell for years. More interesting is where Evoke will be tomorrow.

Got rid of what I bought yesterday. Since everything's gone up pretty much, guess it will all come tumbling back down in a few days. Converted quite a bit to cash this PM.

I bought twice today, and sold once. I have two trading accounts. I’m building a position in my ISA, for obvious reasons. I bought some NIOX on Monday the day before result so I sold them with a few EVOK, to buy SYNT. The hairs are up on the back of my neck. So I’m more than optimistic. I hope we have a TU in the next few days. If not we might have to wait until results

Yep me too WT. Was not in for that big push downwards to 200 so got for 207 unfortunately. Will hold for the 220's again as a minimum. Would quite like it to push down to 200 and below as I think I'd have relative confidence in a build into an update. Certainly willing to throw the dice on a good size holding if it goes sub 200.

A lack of economy good news wont help recovery stories.

The US election and UK budget will need to pull serious economic stimulus / boost out of the hat.

With the last results not showing any large uptick in orders shows were not there yet.

Steady as she goes until the economy turns back up, but how low will the share price drift before then.

Still in a buying mood?

I think we have a TU shortly anyone got a date?

I’ve taken som profit from EVOK, WIZZ and bought some.

...has determined this is a value trap. An exit was possible at 330p just a few weeks ago, but that feels a long way off now.

Recovery stories, eh? They can stay unloved forever!

Yes, tough week that was. Had a bit of a shuffle round but loss eclipsed the gains. I think EVOK has found it's pocket and the trading window is too small for me to bother with. OCDO more interesting for that but won't gamble by holding any into Tuesday. Got caught out by IQE last week ... disappointing performance. Not a time to be burning cash.

My view on SYNT was that at sub 210 it was a bit silly. I think they've got this about as low as they can realistically take it without some kind of negative news feed. Broker re-rate time perhaps!

Seeing a lot of tickers being sold into update/results right now ... likely demonstrates uncertainty on economic outlook. Plenty of doom and gloom around.

Déjà vu my friend

Hi LOTM

I tend to look at some shares objectively rather than subjectively. Or under a microscope SYNT are one of these. They are in a different place to where this time last year and March this year. I think there is TU and the end of the month, the SP gain after that. If you’re unsure flip a coin.

Have a good weekend

Another tricky week!

Hi JW

Still under with SYNT. Have a few more shares than I did last week. EVOK have been happily trading at 62 and 64p managed to buy twice in the last seconds of trading today, did you bite the bullet and buy some. Or still hanging in there? Also trading WIZZ at 1200 buying at 1160p, WIZZ was my most traded share this week

Tell me about it ... it got to about 61p now back at 63+!! I will hold firm though.

LOTM ... I kind of said the same to WT recently. Felt that at 230 it might just be where it should be based on last news. I get the impression it was deliberately uninspiring. I looked at wider sector and believe they have understated it somewhat. They are holding EBITDA (which even on that basis is undervaluing the company significantly), which should only improve and quite likely one more update away from a positive adjustment in forecasting.

I remain unconvinced they can pull it back to a 400m EBITDA ... but maybe 250-300 is realistic by 2026?

Hi joseywales, GMHK & Walkietalkie,

Hmm 2 of you are back trading at SYNT & GMHK seems to have gone quite for now.

Personally I've not been impressed with anything they've said & the USA economy seems to be stalling which will not help them one little bit, or help them sell the businesses they want to get rid of but still haven't sold.

I think SYNT is going to go under £2 again, but could be wrong.

I've built a large (0.75%) & costly position at MIRI need around 100% upside from here to be in profit (ouch) & the revenue number in next week's interim results is going to be poor. However the forward guidance is going to be much more important. If they've got revenue expectations up to £4.5 - 5M or more for 2024 as a whole then its a completely different ballpark in a hurry. Hopefully you've got it on your watch lists.

Good luck with your various investments

LOTM

Sucky egg thing!

How many times have you waited to hit a target price. Only to see the SP to turn positive just before it gets to the target price. This is coming from someone who hit the sell button instead of the buy. DOH!

TOUGH WEEK!

Ditto with SYNT, They have a TU at the end of the month. I have been trading all week with SYNT, EVOK, WIZZ, PFC. The only difference with PFC is I’m selling all my holding. I know you think the margins are too small. But I have a few more shares than I did last week. Good luck EVOK. It’s almost at 60p. We might have. Small rise this afternoon, as it has been such a poor week.

WT ... building here again. Had the lot at 230 I mentioned but getting average down. Tranches to 200 level I'm thinking.

Still waiting for 60p to buy more EVOK and built IQE into decent holding. Cashed out 80% of my FCH now ... imagine it might retrace with time.

Good post, we need more of them

I sold all my holding about 10 weeks ago. I have bought in again the day before results, bought and sold a couple of times last week. Building a position. I’m probably looking now to trade in and out. I’m looking at 400p now. This is a different animal now than it was at the start of the year. I would be inclined to to think these shares could be in access of 750p in three years

Happy hunting

I’ve added back what I sold after the previous results at around 280p. These weren’t great results but I think they will make back most of the lost free cash in H2, and finish the year with about £500m net debt. Their markets seem to be stabilising with a material amount of self help still to get through, even in the absence of broader economic recovery. The divestment program is also rumbling on in the background, so may get one or two positive surprises from that angle in 2024. Maintain my 3 year target @750p based on eventual recovery to £300m EBITDA and attaching a conservative valuation multiple. GLA