Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSynthomer Share News (SYNT)

Share Price Information for Synthomer (SYNT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 271.00
Bid: 268.00
Ask: 271.00
Change: -5.50 (-1.99%)
Spread: 3.00 (1.119%)
Open: 272.00
High: 276.00
Low: 267.50
Prev. Close: 276.50
SYNT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

Wed, 01st May 2024 16:37

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

----------

UK Oil & Gas PLC - oil and gas with assets in UK and Turkey - Appoints UK based oil and gas divestment and project marketing specialists, Envoi Ltd, to facilitate the farmout of up to a 50% working interest in the company's 100% owned Loxley gas and hydrogen feedstock project. The farmout seeks to fully fund the planned Loxley-1 appraisal drilling and testing programme with the company's share of costs being carried by the farminee or farminees. The project has incontestable planning consent to proceed ahead. Separately from Envoi's mandate, notes active discussions are ongoing with two UK listed energy companies interested in pursuing the farmout opportunity.

----------

Narf Industries PLC - London-based cybersecurity company - Says that it is accelerating work on capabilities shown to be effective in battling new generation threats to the open-source software supply chain. Narf says it presented this past week to key customers and industry partners its new generation of threat intelligence tools.

----------

Synthomer PLC - Essex, England-based chemicals manufacturer - Completes EUR27.5 million sale of its latex compounding operations to Matco NV. Expects sale to result in a modest profit on disposal, and includes two manufacturing sites in the Netherlands and one in Egypt. The divestment proceeds will be used to reduce net debt.

----------

Regional REIT Ltd - commercial property investor - Announces two new lettings at Bennett House, Stoke-on-Trent and Delta 1200, Delta Business Park, Swindon. The buildings are both now 100% occupied, providing an aggregate rental income of GBP0.8 million per annum.

----------

Seeing Machines Ltd - Canberra, Australia-based artificial intelligence driver monitoring specialist - Announces a significant generational program extension with an existing North American Tier-1 customer and original equipment manufacturer. Says the initial program, already in production, will expand to a total of 19 distinct vehicle models being sold in North America, Europe and China, and extend through 2032 based on the OEM's next generation Driver Monitoring System solution utilising Seeing Machines' improved FOVIO chip design.

----------

Sovereign Metals Ltd - mining exploration and development company with assets in Malawi - Announces plans to increase graphite pre-concentrate sample preparation from its existing testing facility in Lilongwe, Malawi. Plans to install and commission a spiral concentrator containing industrial-scale spiral equipment at the company's laboratory and testing facility in Lilongwe. This enables the preparation of rutile concentrate and graphite circuit feed from its Kasiya Rutile-Graphite Project at a bulk scale.

----------

Silverwood Brands PLC - holding company established to invest primarily in branded consumer businesses - Issues trading update. Expects to report a pretax loss for 2023, and says trading since in the first quarter of 2024 has been "as expected." "Silverwood is not immune to the headwinds battering global markets, but we believe that our commitment and experience will enable us to prosper over the longer term. We are resolutely focused on enabling our existing brands to deliver their full potential, whilst continuously reviewing complimentary brand opportunities when we find them," company says. Views the future with "confidence."

----------

Ariana Resources PLC - precious metals exploration company focused on the Eurasian Tethyan metallogenic belt - Issues 2024 production guidance from its interest in the Zenit Mining Operations. Ariana holds 23.5% stake in Zenit. Gold production guidance for 2024 from Zenit is expected to be around 20,000 ounces of gold. Average monthly production is expected at around 25,000 tonnes of ore. Ore throughput to the mill during 2024 is expected to be around 300,000 tonnes.

----------

Golden Metal Resources PLC - Nevada-focused metals exploration company, which owns 100% owned Pilot Mountain project - Announces exploration update at Pilot Mountain Project. Says magnetic geophysics survey successfully delineates two significant magnetic high anomalies within the 'Porphyry South' target area. Explains the two anomalies are strongly coincident with the resistivity and chargeability high anomalies identified during the 2022/2023 survey which originally defined the 'Porphyry South' target. Golden Metal says it is "very encouraged" by the results and has immediately requested three dimensional inversions of the magnetic dataset.

----------

Norcros PLC - Wilmslow, Cheshire-based kitchen and bathroom products supplier - Hosts Capital Markets Event to launch growth strategy. Sets out key objectives and targets over the medium term. These include organic growth at 2% to 3% above the market; group operating margin to reach 15%; cash conversion greater than 90%; return on capital employed greater than 20%. No new material trading information will be disclosed at the event.

----------

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
13 Oct 2023 11:48

IN BRIEF: Synthomer completes GBP276 million raise with rump placing

Synthomer PLC - Harlow, Essex-based speciality chemical products maker - Synthomer's investment banks place the remain shares from its 6-for-1 rights issue, a total of 10.3 million shares, 7.4% of the overall rights issue. The share are placed at 200 pence each, meaning the rump sale is worth GBP20.6 million gross. In total, the rights issue raises GBP276 million. The rights price is 197p per share so the increment in price after expenses will be returned to shareholders who didn't take up their rights. The money raised for the company will be used to reduce debt and "provide stronger foundations to focus on delivering its speciality solutions strategy". The rights issue is accompanied by a 20-into-1 share consolidation, completed last month.

Read more
13 Oct 2023 10:08

SMALL-CAP WINNERS & LOSERS: Chrysalis rises on proposed buybacks

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more
6 Oct 2023 09:26

LONDON BROKER RATINGS: UBS raises BHP; HSBC raises Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
6 Oct 2023 09:14

Berenberg hikes target price on Synthomer

(Sharecast News) - Analysts at Berenberg upped their target price on chemicals firm Synthomer from 115.0p to 400.0p on Friday, stating the group's balance sheet had now been "repaired".

Read more
26 Sep 2023 11:12

Synthomer exchanges 20 former shares for 1 share each

(Alliance News) - Synthomer PLC on Tuesday reported that following the approval of a capital reorganisation at a general meeting, 23.4 million of its shares have been admitted to trading on the London Stock Exchange.

Read more
26 Sep 2023 09:52

SMALL-CAP WINNERS & LOSERS: MGC Pharma drops on restructuring plan

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Read more
7 Sep 2023 16:56

LONDON MARKET CLOSE: FTSE 100 outperforms on bets of peak in UK rates

(Alliance News) - The FTSE 100 ended in the green on Thursday, after a weak start to the day, as the narrative around the future of UK interest rates shifted following dovish words from central bank chief Andrew Bailey.

Read more
7 Sep 2023 15:57

London close: Stocks mixed as weaker pound lifts FTSE 100

(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.

Read more
7 Sep 2023 12:18

Synthomer shares plummet on rights issue; half-year profit plunges

(Alliance News) - Synthomer PLC on Thursday announced a GBP276 million rights issue after reporting a sharp drop in its interim profit and revenue in an attempt to stall its debt stack.

Read more
7 Sep 2023 09:01

LONDON MARKET OPEN: Melrose shines on guidance; Synthomer sinks

(Alliance News) - Stock prices in London opened in the red on Thursday, as concerns over oil prices, interest rates and weak Chinese data sapped risk appetite across global equities.

Read more
7 Sep 2023 07:18

Synthomer tumbles on rights issue after weak first half

(Sharecast News) - Shares in specialty chemicals firm Synthomer were well into the red on Thursday morning, after the company announced a £276m rights issue alongside a fall in first-half revenue and earnings.

Read more
31 Aug 2023 15:52

UK earnings, trading statements calendar - next 7 days

Friday 1 September 
Diversified Energy Co PLCHalf Year Results
Monday 4 September 
Ashtead Technology Holdings PLCHalf Year Results
Belvoir Group PLCHalf Year Results
Tuesday 5 September 
Alumasc Group PLCFull Year Results
Ashtead Group PLCQ1 Results
Blackbird PLCHalf Year Results
Craneware PLCFull Year Results
DS Smith PLCTrading Statement
Ecora Resources PLCHalf Year Results
Eurocell PLCHalf Year Results
Gamma Communications PLCHalf Year Results
GetBusy PLCHalf Year Results
Headlam Group PLCHalf Year Results
Johnson Service Group PLCHalf Year Results
Luceco PLCHalf Year Results
Michelmersh Brick Holdings PLCHalf Year Results
Midwich Group PLCHalf Year Results
Pebble Group PLCHalf Year Results
Shearwater Group PLCFull Year Results
SigmaRoc PLCHalf Year Results
STV Group PLCHalf Year Results
Tissue Regenix Group PLCHalf Year Results
Wednesday 6 September 
Apax Global Alpha LtdHalf Year Results
Ashmore Group PLCFull Year Results
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Nexteq PLCHalf Year Results
Oxford Nanopore Technologies PLCHalf Year Results
Restaurant Group PLCHalf Year Results
WH Smith PLCTrading Statement
Thursday 7 September 
Angle PLCHalf Year Results
Beazley PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Currys PLCTrading Statement
Direct Line Insurance Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
Hilton Food Group PLCHalf Year Results
Inspecs Group PLCHalf Year Results
International Public Partnerships LtdHalf Year Results
Lords Group Trading PLCHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
Playtech PLCHalf Year Results
Polarean Imaging PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Synthomer PLCHalf Year Results
Vistry Group PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
30 Aug 2023 17:55

TOP NEWS: M&S returns to FTSE 100 after four years, Persimmon exits

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review.

Read more
22 Aug 2023 17:26

TOP NEWS: M&S set to be FTSE 100 outfit again but Persimmon may fall

(Alliance News) - Marks & Spencer Group PLC is primed to make a return to London's premier FTSE 100 index, roughly three years after the founding member was booted out, with abrdn PLC once again among those making way.

Read more
25 Jul 2023 09:01

LONDON BROKER RATINGS: Auto Trader and Moneysupermarket ratings cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.