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Just reviewed a list of the largest companies in the U.K. by market cap and it appears SYNT sits at 210th place according to the website provided below and as far as I can see, at the moment, it’s not part of ftse 250. Including ftse 100, that means SYNT isn’t part of the largest 350 companies in the U.K.? Meaning it doesn’t have access to institutional investments. I’m considering the huge potential SYNT has when it moves up to the prestigious league ⬆️
https://companiesmarketcap.com/united-kingdom/largest-companies-in-the-uk-by-market-cap/?page=3
Does anyone know whether this SYNT trading update is audited or not?
Touched the 3 pound....hopefully we break through.
Miri seems cheap now, good moment to buy, if it is like Synthomer, it is better to wait till a month or 2 after fund raise. And let's hope Synthomer does well on Thirsday, can't wait...
I need to admit.. you created a bit of a hype around MIRI. I got burnt long time ago on a small cap and decided never again will I touch companies below 100m in market cap. Hardly any TA strategy work on those small companies.. and they are cash thirsty.
SYNT is doing well and resisting to go anywhere near the sell button. As much pain as it was up until Feb this year, the strategy and patience is paying off.
SYNT is doing well, but wow.. have you seen OXB Oxford biomedica? The magnitude of the pump is astonishing 🤩 it was on my radar for ages but chickened out and never bought it.
Sorry I meant to post that message last night but got distracted with to many other things :(
Hi GMHK,
It is what it is, a cash raise was always there in plain site.
The price & timing are appalling & make no sense neither does issuing another near 100M to extend it.
I've had a busy morning lots of phone calls & I'm not letting it slide, they've made a big mistake, watch this space as they say.
SYNT is treating you well at the moment :)
LOTM
I'm truly Sorry to everyone who has bought in recently, following me highlighting the company & asking people to take a look at it.
Yes I did know a fund raise was a possibility, but I didn't see it coming so soon & its slightly larger than the £5M max requirement that I thought they might needed.
The issue price is a disgrace quiet frankly, if that's the best the company can do with the pipeline of opportunities it has & all the hints its been giving through informal channels. The CEO has a lot of explaining to do & his position is in Jeopardy for sure after this, if not untenable.
Again my sincere apologies to everyone.
LOTM
LOTM, I can’t help but to feel truly sorry for you with regards to what happened at MIRI this morning. You seem a knowledgeable person, always helpful and with great research skill.
AIM is a casino ☠️
GMHK, I've reduced MCG yet again today. It's a painful one and there's plenty of scope for further trouble down the road. Like you say, a potential exit from the 250 is likely why the shorts increased. Big problem when it's shares are so heavily ii owned.
For SYNT, the trading update has to be nothing worse than already stated. Left too soon but I'd do exactly the same again simply because there remained insufficient commercial stats to back up and sustain the current SP.
I hope you're wrong with OCDO as I bought more today. Had been waiting for 330's but bought at 343. Just felt the shorts were struggling to bring it down further despite adding. You have to think 10% plus will be short volume there now. Crazy how OCDO goes through these ebbs and flows. Whilst you might never catch the bottom, this seems to provide 2 or 3 opportunities a year.
Keeping an eye on FRES again if it goes sub 500.
JW, I still haven’t averaged MCG as I have a feeling, by looking at its market cap, it might exit ftse250 early June which would make it vulnerable to sell off.
On the other hand, I’m expecting SYNT to enter ftse250 potentially early June too but that obviously depends how good/bad the trading update will be.
Similar with ocado.. I can see one more dump towards 280. If that happens, I’m going to 1.5x my current holding to bring my average to more manageable level.
Questionable sale of assets but anyway.. I’m expecting algo game in the run up to trading update on 9th May (4 full trading days). I think I’ll exit before TU but that very much depends on price action. If we stay below 300, I’m not selling. Will wait patiently and see what this beauty has to offer 🫣
I guess this trading update will be unaudited so likely see more positives than negatives.
Good luck to all the brave holders 🤞
Completion of it divestment of latex compounding for 27,5M. Hopefully the expectations are not to high for next week... or we can go down a little....
Hi Lotm. I stopped trading PFC a while back fortunately. After the penultimate news I stayed well clear. That one’s going to leave retail investors high and dry I imagine.
I’m not opening up on any new companies at the moment.
In my mind SYNT has pretty much doubled on ‘tame’ news which has not yet indicated a pathway back to cash generation and shareholder returns
That said the 230 to 260 window within a week has got my attention.
Hi joseywales :)
If its not for you that's fine, but just remember who told you it would go to a market cap of £100M+ in the next 2 years.
I've got my 1M long term hold now & I've bought a trading parcel of 175,000 would like to get that to 250,000 !
Which I might just achieve thanks to being lucky in GBP, have banked that profit which makes a change as FAB has disappointed thus far.
I hope your not in PFC any more, there's going to be a lot of sad people over there. I won't post or say this over there because people will take it the wrong way, but I wouldn't be surprise to see it close sub 6p tonight, possibly even sub 5p
SYNT dumbfounds me, I really worry what the next set of numbers are going to look like, because I'm not sure the upturn in work is there for them yet.
Keep in touch :)
Good Luck
LOTM
I did LOTM but to be honest chose not to, I have enough risk with MMAG in low cap and like GMHK says, I have WINE as a project too. Still in FCH despite its recent jump … I believe it’s a £1 plus. Just like GMHK I have MCG and Ocado. MCG owes me and regret getting involved with it really. Also in others like WOSG / VANQ but I think they may take some time to turn.
My concern about AIM as well as other small caps is delisting now. I think that situation is going to get a hell of a lot worse.
Still not in SYNT again yet. Regret not grabbing a few on that 230 drop.
Hi GMHK,
Well thanks for looking :)
I'm not looking for 10p though (providing no dilution occurs I'm looking for 20p+ which gets you to £100M market cap) I honestly think that's a realistic valuation given where there revenue is hoped to be in 2026 & I'm discounting a lot of that number to still get to my £100M market cap.
To be honest I'd never had an issue buying the stock in the 2 weeks I'd been doing so (or getting a quote) until this morning & that was probably down to the fact I had told a few long-term investors on a couple of BB's to have a look at the stock over the weekend, because the time window for accumulating suddenly collapsed with the company "hints" from Thursday & Friday, That left a 10 day trading window at most & I'm not sure its even as big as that!
Looks like Amazon is going to be one of the big reveals - 2phevs has just posted about it & that upfront24 presentation is on 14th May.
Good Luck with you choices, SYNT continues to dumfound me, will be interesting to see what the next set of numbers looks like.
LOTM
I did have a look at MIRI and the chart looks really good with potential to hit 10p but my problem is around liquidity on those tiny cap companies. I’ll pass on this one but hope you make it there 🤞
I’m almost fully invested at the moment with some spare pennies to go towards MCG and OCDO when the right time comes.
The only small cap company I’m currently considering is what JW mentioned.. WINE.. brilliant chart but still waiting for entry around 40s.
Hi joseywales & GMHK,
I don't know if you had a look at that off topic share or not ?
I'm more bullish on it now than at any point in the last 3 weeks of research.
Opportunity timewise would appear to be closing fast, 11 trading days max before the 1st of several RNS's in May I'd say.
Good luck with the research
LOTM
Yes, but I’ve finished with you. The only reason you want extra time is cos it hasn’t gone well for you, as we both know.. ATB
Hi MLs
Haven’t finished with you yet.
Calling you autistic or on the spectrum. Us in the medical profession concur!
I have made many mistakes one was responding to your post. SYNT was not one of them. I have bought when the SP was rising, sold when the price was falling. My last two sales were 260p 262p. I have bought PAY, WIZZ both have risen10%
Please do not respond to any of my post. Specifically if there for some one else
Using autism as an insult. Trying to offload your mistakes onto others… ewww :(
Hi MLS
This has been more entertaining than a day with Netflix.
Tell me I’m wrong, you’re an only child. Or a mummy boy!
You don’t know me at all. I have just painted the town red, and like Jim Duncan and left Lago. I know someone that will find this amusing
FAB
And I see you, pal. Someone silly and immature enough to chuck things like autism around as an insult, and quietly attempt to offload their mistakes onto others because they don’t have the capacity to absorb it themselves. Or perhaps you really did let a few posts “cloud your judgement” - a right psychological tour de force… Nobody sold your shares down there pal, except you … ATB
Hi Mummy Little Soldier
The audience is you and I. Your now think you’re an Existentialist. No matter what you write from here on in. You will always be MLS. You bait someone in to to show their trades, then say how boring silly it is. I have never once said I’m a better trader than any one
I see YOU. I hope some else calls you MLS. You have no idea how recognisable you are.
Surely the audience is you and I, and all the posters you claimed earlier were “clouding your judgement” here. Reality is - many of them were encouraging you not to sell your shares lower down, and the only person responsible for selling them down there was you. It takes a rather duplicitous character to suggest otherwise. And with regard to your hindsight trades - did I mention I bought a million shares at sub 125p and sold them all at 255p+? Oh, I didn’t. Never mind, using your excellent hindsight approach that still makes me by far the best trader here, hands down. You see, reporting hindsight trades is boring and silly. And based on the trades you’ve actually reported here, you haven’t done very well. I very much hope it hasn’t clouded the judgement of others. ATB