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I don't think that average in MCG will be the end of the world. The US sale pony show should start in full force H2 so hopefully that will bring upside along with better business metrics in UK and US.
I took the view that a nigh on 5% drop in the 250/small caps from a 2 week high was worth buying what appears to be a lull/blip. Hopefully we don't get a continuation next week. Hate weeks where portfolio value drops by as much as it has!
SYNT has been dragged down on really low volumes ... maybe it will go further but one decent update should catapult it. I thought the May update was cautiously optimistic . It was careful not to over promise. Fully intend to add more on further drops and high on the list of tickers to buy (at this level) if I sell up any others in my portfolio.
Hey JW, good to hear from you! Glad you jumped on board again and great entry price. It’s been painful to watch SYNT this week but that’s stock market for you 🤷♂️
I’ve run out of free funds again so staying fully invested with 10 or so companies. Finally decided to average down MCG but at poor price 55p so not great. Though my average went down from 122 to 89p so it becomes somewhat manageable.
Good luck with your choices
I've joined the fray again and bought a few at 2.69. Probably ends up going much lower now but hey-ho.
This drive down has happened to a lot of small caps GMHK. Someone pointed it out and I went through my watchlist and it's creating potential opportunities in several companies. IT's not even debt based as JUP, VANQ and even FCH are having blips ... I've opted for SYNT, JUP and IQE for purchases this morning.
Sentiment is clearly low and subdued further by Fed.
Strong resistance at 310. Once broken, off we go
It’s going slow.. however, by looking at SYNT financial calendar, the next key date is August 13th when interim results will be announced. We have over 2 months so patience. It will be very interesting 2 months
Started: GMHK, 5 Jun 2024 16:36
Last post: GMHK, 5 Jun 2024 16:36
Big day tomorrow. Potentially first rate cut by ECB. Canada has cut rate today by 0.5%. Hope BoE will follow ECB decision. Would be exciting and exactly what the market needs
JW, congrats on your FCH investment. When I looked at the chart some weeks ago, I drew 86p as what would have been my target. Now, it’s 92 and I would bet, that’s the top. Good luck with whatever you decide.
Wine seems like it wants to push higher. They have results around 12th June so will be interesting to see. But considering recent grocery data with wine doing pretty well, it has some potential here. I’m not invested and will likely stay on the side to cheer you here.
DWL, I haven’t heard that before. Seems like relatively new ticker, not much data on the chart so also not one for me even though it’s already in ftse250.
When it comes to retail such as Ocado and asos.. we’ll have general retail sales update on Tuesday so hoping for a positive outcome and proper push higher. I’m overweight on both and the charts look promising. Asos has been stagnant for way too long and I guess the floor is well established by now. Still dreaming of 15£ one day but that might be it.. just a dream.
Interest rate cut by ECB next week, if materialises, will be a major catalyst in Europe. U.K. would likely follow.
SYNT, oh well.. I would hate seeing the levels you pointed out but that would just be an expensive lesson for me.
Good luck to all and hope we see good outcome next week.
GMHK, I really hope this works for you.
My take on SYNT is a buy at 250 and very likely several tranches on the way down, I don’t need to be right so hope I’m wrong. It would simply be white noise on route to 400 plus in my opinion. I just think the shorts have a playground until next update in terms of remaining net debt reduction and sustainable cash generation from ops. You also have a major shareholding that mitigates some big funds from taking sizeable positions.
Remain quite heavy in Fch having taken some profit at 89. Loaded more into DWL at 68, Also convinced WIne are already batting off at 90p so increased at 61 today.
OCDO is tricky. Increased core so sub 368 there but traded a lot to zero. Monday/Tuesday could be crazy days.
I added more mcg. Christ knows what that ticker owes me now. I acknowledge the RI risk but management lose their jobs then. Any positive cashfliw generation will be sent shareholders way I reckon. Bizaarely it’s RI or buyback!! At no point has the debt been unmanageable,
We’re still at around 50/50 level where it can go either way but leaning towards optimistic scenario. Next week something important is about to happen and that’s the ECB decision to potentially cut interest rates. If that happens, it might give us so much needed boost.
In other shares, I’ve loaded Ocado like the world is about to end at 367 and brought my average down to 416.
Totally disappointed with MCG, so not touching this 💩 for few months since it was kicked out of ftse250. The comments on MCG board are rather tragic.
Good luck everyone. We desperately need it
It is very illiquid stock. Relatively small amounts of buy or sell can swing the price disproportionately. It might be due to this stock is not even in FTSE350. This makes it a high beta stock. When the indices move 1% either way, this stock moves many multiples of that. Not suitable for everyone.
Weak support at 270 likely to be hit tomorrow and if that gets cracked, I’m going to hibernate for next 6 months as we won’t get 300 for a while
Started: GMHK, 28 May 2024 18:22
Last post: GMHK, 28 May 2024 18:22
So synthomer hasn’t made it to ftse250 this time.
Ocado has been dropped from ftse100 and added to 250.
Mcg dropped from ftse250.
I wonder how these 2 will behave tomorrow.
Started: GMHK, 21 Mar 2024 18:35
Last post: TargetPractice, 22 May 2024 10:57
I think the mcap cut off for the FTSE rebalance date is June 4th, and I think SYNT would need to be around the £575m mcap (ie 350p) mark to get back into the FTSE 250. Not out of the question but shares would need to push on quite a bit over the next two weeks. I don't think any updates are expected until Interims on 13th August, so might be tough to get there this time... Obviously what happens between now and then with other stocks matters also, eg a big profit warning from some of the smaller current FTSE 250 constituents would help lower the threshold for SYNT.
I don’t pay too much attention to current market conditions as price action is forward looking and general consensus is the conditions are improving. So this drop is likely to scare weak hands and make them to sell. I strongly believe what we’re about to witness here in the near future (1-2 months), will surprise many people on this board
Surprising drop today when a comment in Dowlais mentioned re-stocking in powder metalurgy with the de-stocking period seemingly passing. I'd have thought a good omen for chemicals industry. The problem with some of these rising stocks is that without divi, buyback or something further to re-assure shareholders of 'imminent' value (such as significant cash generation) ... makes it hard to hold on to such a significant rise.
Idg69, not the best entry but it happens. Remember, some of us - long term holders - have price target of 450, some even 750 though over few years. Stay strong, we shall rebound soon 💎 🙌
Not a great start to my SYNT investment. Bought at £3.34 at 8.15 this morning. Wish I'd stayed in bed a little longer and bought in this afternoon. Never like to see an investment drop 7% on the day you buy in but eh oh, such is life.
Started: LOTM-13, 15 Apr 2024 11:15
Last post: Walkietalkie, 22 Apr 2024 13:31
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
Started: Uttom, 29 Mar 2024 09:48
Last post: Uttom, 29 Mar 2024 09:48
Hello everyone,
Hopefully all of you are enjoying a great Easter weekend.
Please watch the Video, to understand one of the synthomer rubber/tyre business. Why synthomer might have a great future ahead. Just we need to wait patiently to realise the return. Truly once in a lifetime opportunity.
https://youtu.be/4GACM-IZsZ4?si=feW6yRLOSN-LTjVK
Last post: Walkietalkie, 26 Mar 2024 19:20
Also meant to say, I have about 45% of my original holding from results. Thinking I might buy back in, the high 220s and sell in the low 240s.
Not sure if it’s a statement what the price has been in the last 2 weeks. Or broker upgrade.
Generally the SP has been quite static today. It everything else on the move. Anybody bought 888, I was paying 80p a week ago. Sold 50% of my holding today. Took some profit in WIZZ. PFC there is definitely something afoot.
Remember save it for ars£book or twatter. For any negative
HSBC raises Synthomer price target to 250 (160) pence - 'hold'
Started: GMHK, 25 Mar 2024 09:27
Last post: GMHK, 25 Mar 2024 09:27
If the price drops below 228 from now on, we’re going back to 195-200 temporarily. Otherwise, we’ll resume the journey upwards
Started: Seawitch65, 12 Mar 2024 08:36
Last post: joseywales, 21 Mar 2024 19:26
Hi WT ... I 'd not bother. Wigwammer has a history of digging people out. When not doing that, the comments generated are generally plagiarised or simply lack any substantive commercial acumen. Often piggy backs articulate, thought out commentary. I look at it as just another manifestation of the small person syndrome and a desperate attempt to find a relevance amongst peers.
Had to chuckle that the thrush subtext clearly went over WW's head...thought it would.
Since you made reference to grammar WT, you must be “wright” with your spelling.. “weather” you’re “wright” or whether you’re wrong.. cannot decide..
Well you are right to identify that joseywales needs help, walkie. But your post is rather patronising toward her..
Last week when I received a toxic post from GMHK. I looked at my post, there were two post that made reference to Valentine’s Day. If he acted out from those post. It was not taken with the wright spirit. Then I noticed similarities in Wig warmer and GMHK. same phrases and grammar. Take with a pitch of salt, not that common! The I noticed some of the answers answers to GMHK. They seemed very scripted. I don’t know weather it’s parrot fashion or the Same people
Stand down cowboy, these are mine
it is the market that is making you and your trades look ridiculous, joseywales. don’t shoot the messenger. the latest is that you sold at 140p, were unconvinced at 155p, sold at 190p and again at 215p. shares now 235p+. this is after reporting buys between 300-500p. you are evidently no great trader, pal… jeez, even a simple buy and hold would massively outperformed that ****e, especially if buying at prograsivwly lower prices. and sorry to hear about your ailment - i’m guessing it is oral thrush? perhaps if you stop talking bwollox and aggrandising yourself then it will go away. atb
Started: BearFoot, 18 Mar 2024 11:22
Last post: BearFoot, 18 Mar 2024 11:22
Despite the perceived negativity at the moment, economies are doing better than thought.
Any news suggesting this remains the case gives a positive forward looking outlook.
With the latest SYNT results showing the company has stabalised financially, good economic news should provide a driver for producing companies with the right products.
Hopefully that is SYNT and there will be further rises to come.
This could easily be a rerun of the RR share price performance.
Hold for the medium term in my opinion.
Started: BearFoot, 12 Mar 2024 15:51
Last post: BearFoot, 12 Mar 2024 15:51
The price fall from the beginning of 2024 semed to be due to lack of confidence regarding the large debt position and uncertainty of funding due to current business levels.
Todays results suggest the business as a whole has stabalised and producing increasing free cash flow, bringing debt down and seeing modest order increases, with the backing of lenders and the government export finance scheme.
With todays increase back up to the previous 'base' price around 185p it seems confidence in self funding has returned.
As such it seems this is now a waiting game to see meaningfull order increases. With the uncertainty of a global big election year and its impact there could be a volatile road ahead. Assuming no black swans, new leaders will want to pump their economies with economic activity, regardless of inflation effects. Hopefully Synthomer products will be needed in that pump, although maybe towards the end of the year and into next.
Patience may be needed, but top up opportunities through this year could be profitable into next.
Started: joseywales, 12 Mar 2024 07:28
Last post: AbjectPerformer, 12 Mar 2024 07:34
Glad I only had a small holding here, should have sold at 160 before rights issue. My £900 is worth £150, but u can’t see it returning to that, ever.
Going to be interesting to see what the market makes of it. No nasty surprises and you’d hope the ugly numbers are more than factored into the SP.
If anything the cash generation is positive and they have confirmed the covenant relaxation has been agreed this month.
Roll on a more positive update in next news we hear!
Had to look up what LOTM ment.... going down but keeping them, long run, will wait a bit and see if I buy more when it drops. I saw China is going up a bit this month ( no more decline but growing), if it continues, then chemicals will follow in a few months....
Howdey
You called wright on Friday. Bought some more SYNT. I have averaged down to 149p and holding more shares than I comfortably with.
The other day i posted, said i was waiting for 27-8p. I had a light bulb moment and bought some more. Held back from selling on Friday. Still waiting for 27-8.
FCH, only just noticed them, I didn’t see anything. If you had them on results day. Nice shootun cowboy!
That's the spirit WT. I went for ITV this morning as DARK got away from me and ITV was only up about 5% on buyback and divi.
Results which have been coming through are generally positive and nice to see BODs are seeing buybacks as the pathway to value.
When it comes to SYNT ... I am taking the view not to buy more however attractive it gets before Tuesday. 2024 could well be a forecast of more revenue drop which will impact that EBITDA line. They have no way to defend the SP and with the Malaysians holding so much it's not really a business open to be acquired by anyone but them.
Hi BH
As a war torn veteran, SYNT could go to 160p or drop to 120p
Hi JW
Dumped the rest of DARK. You can always buy back at a lower price. Was gifted 888 this morning, sold first thing at 85p. Bought back later at 82p. I won’t be to smug. Pride before the fall and all that
Hi LOTM
I will post this weekend.
Well WT, DARK reads well this morning. Really should smash through that 400 which has been a ceiling for some time. A couple to buy at open this morning if train not already missed.
Started: Bagholder2021, 6 Mar 2024 11:25
Last post: joseywales, 6 Mar 2024 16:42
I think the read across from Croda would indicate the demand 'trough' has extended. Should be in line with the update you'd think. What we really need to hear is confirmation that the slackening of covenants has been extended.
WT ... I guess I will add more SYNT on Friday if it continues to be taken down.
I don't hold IQE long. Was all out today to increase cash holding more than anything. It dipped because of Apple pulling plug on a vendor which had little relevance. I just think there's always an excuse with that company so won't hold long term.
Quite a few results tomorrow. Hopefully some reds will change colour!
Morning all,
Any thoughts ahead of the results presentation on Tuesday? The share price seems to have lost any momentum we had, which I didn't like personally at least. How has this typically traded leading up to results presentations in recent quarters? My personal instinct with question marks about the chemicals markets outlook, is to step aside for now, and hear what management have to say before reassessing. Thoughts from seasoned SYNT veterans?
Started: BearFoot, 23 Feb 2024 12:16
Last post: Walkietalkie, 24 Feb 2024 11:54
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.
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.
Started: Hopan, 18 Feb 2024 11:08
Last post: Sher-Lock, 23 Feb 2024 10:43
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.
In my response earlier I forgot to state that I am not making a recommendation of any kind, just realised my point sounded bearish, which is why I thought it appropriate to point out that I am long despite the challenging situation of the company.
Hi Hopan,
My penny's worth is that Synthomer still needs to stabilise its leverage in a challenging market for its products. As long as there are potential near term covenant breaches and/or debt maturities hanging over companies like these, they will trade like utter dogs. My personal sense is that we should be near the point where the company stabilises, and with a few non-core asset divestments, used to accelerate debt repayments, hopefully they can turn the corner and swiftly claw back some of the lost ground... But, as long as it looks like the creditors might end up having the company by the short and curlies due to covenant breaches, any sustained recovery in the SP feels unlikely.
If you look at the January trading statement they released, they specifically mention the need for resetting the covenants:
"Therefore, for prudence, we are progressing a dialogue with our lending banks to extend the period of temporary covenant relaxation to ensure that we maintain appropriate headroom while trading conditions remain subdued"
A very British way to say they are not out of the woods yet.
Either way, I remain positive and have built a stake here expecting them to make it, GL to all.
I am trying to understand what was the main reason behind the latest drop from around 190 towards 120s in Jan. I am not an expert in these type of things but my humble theory is that the exclusion from some indeces and also new year reshuffle in at some large funds created a sell pressure of around 5 million shares. Since post RI, i.e. saturated buyers, and relatively low daily liquidity , and determined sellers created a big pressure on the price. These big funds do not care about price when they exit, so then 120 comes as a price.
Started: GMHK, 15 Feb 2024 10:37
Last post: joseywales, 19 Feb 2024 08:39
Hi WT…did not do anything with PTAL. Bought some CBG @ 290 and eying up more possibly. See that a little like WOSG where the market just crucifies news beyond reality of the situation. Shorters just jump in knowing funds have to move allocations.
Exited PFC as it seems it’s found its spot until there’s news. Just couldn’t break the 30p.
Hoping these chartists are on the money here!
HOWDEY
PAY pays its dive in a couple of weeks, the planets are aligned for me to buy in the next couple of weeks
Talk me into buying some FCH
Did you take note, about getting a room, or did you look at PTAL they are already up 5%. I’m going to sell them just before x div day
HOWDEY
Did you notice POFCY rose 10% on Friday. I have traded in the same way with PFC now averaged down to 28p. I’m also expecting a big pay day.
VOD are a dilemma for me. It’s not all bad, it is well documented with Germany, Italy and the div is to high, if 2 out of these three are addressed. I could be the catalyst for the SP to improve. Should have bought some for 63p
Hi JW
It was quite a brutal RI. It seems an age I have been chasing these shares down. Buying and selling percentages of my holding, taking my stake out keeping the excess shares averaging down. Have now averaged down to 155. I have a monumental £127.56 Profit. I keep this up probably until the 12 march. We are in a perfect storm. Will be volatile until then. My goal to is to wait till the next decent pay day. I think the targets are to high quoted on this board are too high . £2.00 is achievable. When it gets there I will revaluate.
I will post about VOD, PAY, FCH shortly.
Strong finish today.. didn’t expect the pump last 30mins after poor PPI data from the US which caused it to go lower midday. We’re now well positioned into next week, just slightly above my key moving average which currently sits at 154p.
I’m pretty optimistic here. Hope we’ll print higher high on Monday around 160p 🤞
Started: Uttom, 17 Feb 2024 21:33
Last post: Uttom, 18 Feb 2024 17:55
I was down by 96% on the position, but fundamental looks still solid to me, hence doubled the position with a 10% stop loss, this time. I think bottom is in already - and rally is just starting same like 2009. At least I can see the technicals in the chart have lined up. But anything is possible 🤔😁
Hi UTTOM
BRING IT ON.
Good evening all, with all due respect - synthomer has shown monthly macd breakout only 4 times in last 24 years. 2000, 2009, 2020 and 2024. Except 2024, every other time it show a 12/18 months rally with massive 3-10 times gain. Please buy hand over fist, this is the fourth time happening in last 24 years, extremely rare, please grab the opportunity to catch a potential ten bagger. Good luck folks.
Started: GMHK, 14 Feb 2024 14:21
Last post: 13martyn13, 14 Feb 2024 20:31
Analysts at Canaccord Genuity lowered their target price on chemicals business Synthomer from 350.0p to 300.0p on Wednesday as it effectively pushed out its expectations for the group's recovery by 12 months.
Canaccord Genuity said the September 2023 recapitalisation of Synthomer had left the group "well-placed to survive the current extended downturn". However, the outlook for the current year was still for limited progress.
"We are moving numbers to the right, effectively pushing the recovery out by a year; we now expect nearly all of the improvement in 2024E to be self-help, with better figures coming next year," said Canaccord Genuity. "The impact on our valuation is more modest, given that we now look well set for a sustained recovery in the chemicals industry, and we are effectively pushing out our valuation by one year".
The Canadian bank noted that Given Synthomer's equity gearing - at the current share price, the equity value sits at around 28% of the enterprise value - even a "quite modest" improvement in outlook or the successful execution of an asset sale could have "a very material impact" on the share price
This is brilliant! Optimism is being pumped into the sector as we speak! Ignition on 🚀🚀🚀
Last post: joseywales, 14 Feb 2024 14:37
No WINE is done now. I think 70p has taken it a bit too high/optimistic. It’s a nice little trading stock more than long term viability. Wines a tough game.
Good movement on Synt today…really hope it keeps the gain and slowly chases down that 197 for starters!
If SYNT finishes today close to 150, it will be very good sign!
JW.. with regards to WINE.. never came across this company. It seems slightly overbought to me and it might hit some resistance at this level but definitely, this is what we’re waiting for SYNT to print
Little drama related to US inflation but not a big deal in the U.K. Should recover this week
patience is the key to 400
I’m less inclined to lock in any range. Still simply holding what I have now. Once the covenant issue is sorted I think this will do what WINE just did and climb over several weeks with little option to ‘get back in’ at a discount.
I’m actually using your trading range. If it get near 150, I shall sell. If it get near 132 I shall buy. There is also thing called compound interest, which means if you trade on 3% margins say 100 times, well I will let someone else to do the maths. Perhaps LOTM
Happy hunting
Also, I’ll add to my list.. debt restructuring as remember that happened with superdry when it was at 90/100, it made the price to shoot to 160 on such news.. well, subsequently it hit the floor at 15p but still there’s room for manoeuvre for the board to push the price to 400.
And obviously the idea of takeover which is always just that.. a dream.
Massive gap at 400, all the rating agencies are aware of the gap and it needs to be achieved so let’s wait patiently. All profits I manage to achieve on other shares will be going here as “free” shares to lower the average.
What do you think would push the price up at/from the next trading update in March? My guesses are:
1) info about strong start to the new year trading which would result in the increase of half year estimate?
2) sell of an asset?
3) replacement of a director but i guess the main culprit was gone some time ago?
Any other suggestions?
If the bottom was at 118 and the price doesn’t go below todays low of 131, I’m betting that we’ll see 400 by mid November this year.
We’re getting really close to a rebound. Once this bounces off the low (whatever it might be), we’re going for a mission 🚀
Started: silvertortoise, 6 Feb 2024 17:08
Last post: Walkietalkie, 10 Feb 2024 13:43
Hi JW
My shining moment yesterday. I went to sell DARK at 356, and bought them instead. DOH! Spent the rest of the day chasing down WIZZ. Not my best moment. Sold the last of my 888.
Three short positions. I find these hedge funds a necessary evil. Well spotted. I shall narrow my margins now. I shall do the same with SYNT now for the reason, i can smell victory. 135p to 142p is about wright.
End of day chart analysis:
The price is a bit weak but so is quite a few other companies like dark, fres, JD. I’m more leaning towards idea of printing double bottom or even 100p if we go for a retest of the long running downtrend line… unless we make a sharp jump tomorrow (slim chance).
Then there is next week which worries me a bit more with CPI in the US on Tuesday likely being worse than expected due to Red Sea debacle. That might drag everything down in the U.K. 🧐
Hi WT ... you have shorts increasing at DARK ... I'll buy in the 330s but wonder if this time it will be pushed lower.
I'd agree with you on SYNT ... tomorrow could be the type of day where it hits 133/5 in the morning and high 140s in the afternoon. Live in hope I suppose.
Howdey
Instead playing cowboys and injuns, should have payed attention to my last post. You would have ahead with PTAL
Today I almost bought SYNT, instead WIZZ slid and I bought back. Which brings me to DARK. where are at? If it drops another 5p tomorrow. I might buy back
Started: silverknight, 10 Feb 2024 11:49
Last post: Walkietalkie, 10 Feb 2024 13:17
HI SK
One can dream!
GMHK
In the last 2weeks I have sold at 155p, 153 bought at 147, 141, 135. I have averaged down to 156p. When i reach 156p. I will have 35k. I would have wiped out my loses. Any similar tales out. there. 160 bring it on
I think forecasts of 400p (even in 2 years) are fanciful. Barring a meaningful economic recovery I see this trading in a 110-160 range for the forseeable. The other possibility is an opportunistic bid from the Malays at a low ball price. Pure speculation though
Started: GMHK, 6 Feb 2024 15:08
Last post: GMHK, 7 Feb 2024 16:33
End of day analysis:
weak as usual today. 140 is not supported at all. Right now we’re going down probably to form double bottom at 118. This share disappointed me not for the first time
I think it’s too early to confirm but the price bounced off the 140 level. I did some calcs today again and if I loaded another £60k at 120p, that would lower my average to 155p. Yes, it is 20% back to 186 but risk to reward at this point is questionable. It doesn’t feel the same as getting average down from 930 to 480 or 350 with little effort. At certain point the total invested becomes unmanageable