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JPMorgan raises Trustpilot price target to 190 (140) pence - 'overweight'
I feel like 150p is on the cards before the end of the year, therefore not touching this garbage until January. Reduced my average to 930.. could have reduced it again easily to 600 today but having a feeling we’re at least a month away from any sort of breakthrough.
I've based my analysis on other companies that went through shareholder's value destruction process such as AML, TUI, EZJ and others. Following RI date, there's usually a dip below the RI price of 20-30% magnitude. Once that's out of the window, there's a hope in the market for about a year or so that the new funding will help to stabilize the ship. I'm not sure I've heard of a company that went bust within 6-12 months after RI. There's usually debt restructuring process with creditors and other BS.
In case of SYNT, I think we're heading for double bottom in the region of 160-170 then from Jan to Jun, we'll rebound slightly to close the 400 level gap. You can call it dead cut bounce or a bull trap if you think the company would fail. Personally, I don't think it's time for SYNT to close its doors yet. Anyway.. I can see the way out of my loss.
In my case.. Initial investment 25k at the avg 91p pre RI.. 90% loss at rights issue price of 197. Didn't take up the offer, sold my rights for 2.6k . My average post rights was 1824p (20x 91p). Thinking I have "free" 2.6k, last week, bought more actual shares for that which lowered my avg to 1030p. I'm still planning to pump another 25-40k into this share by end of Jan 2024 to lower my avg to around 300.
I strongly believe we will close the gap between 390 and 440 in the next 12 months so hoping to make my loss back.
Nothing unusual here guys. Lets call it a traditional, post RI 25-30% drop from RI price of 197p.
I've got 150p in my mind as a top up level, then hope this garbage rebounds to 380 to close the gap. Stay positive in this negative situation.
P.S. still cannot believe I let that happen
My avg 1840.. so -90% right at this moment.
"Berenberg raises Synthomer price target to 400 (115) pence - 'buy'" - wow.. so I guess the 115 is in pre RI money, the 400 is post RI. Well done analysts.
Anyway.. I've had a look at TUI, AML and SYNT and compared the charts. It takes about 1 month after RI for share price to hit the bottom. I noticed that SYNT has a massive gap on daily chart.. that is 384 - 445 and it needs to close this gap. So IF we go towards 150-160, it will be the opportunity to average down to the gap level. My pathetic average of 1820 will get down to 294 if I top up by 100% of initial investment at 160p. That will be more manageable situation... also considering that new rating is at 400, I can see a light at the end of the tunnel.
..."you're overlooking the value of the 600 SYNN nil paid rights shares..SYNN about 70p, 6*SYNN were worth 420p"...
Kind of... Would have been great if it was possible to sell them for 70p. When they started trading on II, they were 0.49.. by the time I realised wth is going on they were already 0.32 (effective 190p for 6 SYNN - few hours later!). Lets call it a scam.
Ok, I'm down almost 88% here with average per share of 1824p.. ridiculous (pre RI average of 91p). I guess, most pre RI investors are in similar boat so I'm going to share what I'm planning to do:
£25k initial investment which is now worth 3k (-88%). In new terms, the average here 1824p per share and holding 1370. Sold my rights on Friday at 0.32 which generated 2.6k
I'm expecting the price to go down further with SYNN becoming worthless soon.. and, as someone mentioned, £1 is real possibility for SYNT. Waiting for a clear bullish divergence on daily chart. This will likely take 3-6 months so not rushing in to buy anything this year.
My theoretical scenario: Let's say the price falls to 100p (1£) and there's a sign of the price approaching the bottom, I'm deploying another 25k into it. That would buy me another 25k shares at 1£/share. Adding original holding of 1370, the total is 26370 shares with 50k invested in total. That gives me average of 189p which is lower than RI price.
Since the share price usually tends to return above RI, that would let me get out at break even or with some small profit.
Again, wait for clear bullish divergence on daily chart. The timeframe for turnaround is about 12 months.
*Not financial advice. *Only invest what you can afford to lose.
Decided to get rid of my right as there's still some value in them. Since SYNN is the difference between current price and 1.97, the value of SYNN deteriorates massively (40% vs 5-6% SYNT) since morning, they will soon be worthless. Considering that not many people are silly enough to buy into this company until the time the situation stabilises, the price will likely fall further below 1.97. Similar thing happened with AML, ASOS and others. What meant to be a short term trade for a quick profit turned to be almost 90% unrealised loss. My plan of action now is to wait until there's some kind of bullish divergence on daily chart, then add 100% of monetary value of my initial investment, that will bring my average down hugely. and then just wait until the price recovers about 90% to make the money back and get out of this legal scam.
I've just received SYNN allocation in my II account. 6 SYNN (0.7) for each SYNT shares. does it mean I have to pay for them now or they are just mine for free? this is all confusing as hell. Almost had a heart failure in the morning when I noticed the 66% drop since yesterday
about 2hrs ago, there was one of aston martin f1 chief speaking on bloomberg. apart from the fact they are all surprised by the progress of the team and managed to get more out of performance than other teams... he didn't say much but it appears enough to spook the market
I'm not jumping into this to average down before the new CEO is appointed and all the dirt is washed out by him so he can start fresh. Flashback from Tesco in 2014 and their financial scandal.
And the money started rotating into this little gem.. off we go to the moon
Guys.. anyone seen oil brent 3-day chart.. price action rising with RSI and MACD losing momentum? Last time I saw this with bitcoin, it dived 50%
I had almost 100k £ in this share and sold it last week @60.3 with 8% profit being over 25k £ down on it. Good/Bad decision? who tf knows. Will see tomorrow morning. One thing is for sure.. if it dives, I wouldn't have been able to swallow the cringe for another many months to come.
If it goes up.. well done to everyone with diamond hands
Georgie dude.. just looking at the history of conversations with others.. you call everybody clowns and idiots defending your flawed logic. You seem to be such a miserable person, you have nothing constructive to add to any of those forums and it's just a waste of my precious time to respond to your demented comments