Member Info for joseywales

Jamrock I have been enjoying your posts. Can you start mentioning the Nipah virus in them as well now?

On serious note, it's nice to see the uptrend but there really needs to be traction outside of Covid. Does not seem like the board has any plan/strategy to improve awareness/take up etc.

This week seems like a good week to be purchasing this one. Imagine it's just linked to Blackrock and JP reducing and some concerns over why?

Sorry Value, it was over a month ago I saw it now and I had already sold so did not pay too much mind. Remember it was in Bethpage NY for a trial. Was more to do with Amazon not finding the right path with Whole Foods and Fresh just yet. You’d think it’s a matter of time for them to mirror the trial for Fresh in the uk too.

Sorry to ask but I’ve been out of ocdo for a while. Is this drop largely because of Amazon opening up a warehouse in New York with the autostore solution…or just general feeling there will be no offer forthcoming?

If this could stay in the 17's for now, that will be a really good sign. I am sure we will see mid-20s again but might be several months I guess. Need an update that actually promises profit (without hefty balance sheet adjustments) and positive FCF outlook.

Candid, I know RIs are terrible to go through for LTHs. However, if Synthomer failed to do this their covenants could well have been breached by the end of 2023. The potential risk to shareholder value is then far greater, surely?

I get the doom and gloom but RIs to reduce debt or fund acquisition are not the same as those to produce liquidity to support cash burn. If you take RR., from memory they leveraged debt markets and did the RI. TUI I imagine was cash burn/liquidity event driven as well?

Maybe this goes to 197 and below ... a market cap of around 320m with a company (currently forecast) to produce 150m EBITDA may not be unheard of. Would likely play into the Malaysians hands if they can raise the capital to absorb.

Also, the debt paydown likely saves 10m or so a year in cash as well I'd expect ... and SYNT is not haemorrhaging cash based on the last figures. They'll clearly want to get back to a dividend ticker as early as possible.

Yes they all get bought at 197 if there's overhang. There's about two weeks trading on nil rights so it's unlikely there's be much overhang.

Market seems to think high 200's is the post RI scenario. Tomorrow is a day of trading on the consolidated before end of play.

Since apparently I really should report all trades, of the 23 I have done today, 7 were SYNT. Sold 38K at between 40.54 and 41.6 something and bought 18900 at average of low 39.8s. That alright Wigwammer ... or do you want some kind of feed into every trade I do? Started buying some WOSG again today.

JG it's a bit confusing. So the 500m bond is done which sorts the expiring 400m plus the extra which I'd assume is for that possible acquisition in the Canaries. You'd assume this would be revenue, margin and cash accretive from day one.

Cash restraint or need really seems off the table (not that it was really on it in the first place). Yet, for some reason this remains held back and the shorts are still not reducing. It really is baffling when so much of the debt is fixed in terms of rates etc.

All seems to hinge on October showing improving margins in the US business and you've got to think the odds for that are highly favorable.

Cheers onsolid ... my concern is it basically means HSBC can refuse to trade an openly traded stock at any time. Mine's an ISA with them so it's not like I can simply cut ties and run.

When it comes to THG I've kind of skipped the hating. Like I've said before, I think Ingenuity is a really strong technology offering to all brand owners. I think nutrition and beauty should be lined up for a sale/split at some point. Ingenuity has substantial long term value but like all of those e-com platforms/software solution, sucks a lot of cash till it reaches scale.

Yes, I was on with their share trading team. They simply said that trading is SYNT was suspended on HSBCs system. Pushed and pushed and in the end made a formal complaint. At no point were they able to say why they have suspended it, when it's fully tradeable in the market all day.

I just filled in contact form to the FCA as well.

Sorry guys, posting on here because there's simply more participants. Can someone advise why HSBC would suspend trading of SYNT when end of play today is consolidation and RI administration. It's full tradable today but if you hold the shares with HSBC, they are refusing to trade them?

Is that even allowed?

Sorry for hijacking THG chat but I was shocked they could arbitarily decide to refuse to trade any stock I hold with them.

Wigwammer ... my ankles are raw there's no more meat on them for your to chew on. You win ... jog on!

After trying to trade this share this morning on the HSBC platform, I have been told HSBC has suspended trading in these. IS this actually allowed and does anyone know the rights/regulations around this?

The two other platforms I use are fine. Seems like it's just HSBC.

Oh Wigwammer ... you just want to argue. You are right. I hold long and never trade within a share I intend to stay long in. I just have an orchard of paper losses that I hope one day bare fruit until I starve. You can jog on and snap at someone elses ankles now.

Yep probably bought first tranche in 80s but then accept that it’s incredibly rare to buy at the bottom. This share has enough volatility to trade it all the way down. If you don’t know how to do that, then you should just go invest in managed funds.

That said I sold some more on a Friday as I really thought we might see into the 30s. It’s assuming ex rights of high 200s which seems ambitious to me.

Hi Candid,

I'm not angry since this share has had the volatility to enable continued trading so I have a low average and no loss now.

Personally I don't believe the 1.97 will be hit ex rights which is why I am proceeding. Just have to be patient and let things settle down really.

I get what you're saying about buying now. I traded 30K yesterday which I have not bought back yet ... did not pull the trigger today as it really looks like they could take it into the 30's on no volume. Sort of perplexes me as I think there's only two more days of trading so what's the game behind it? I thought it would just hang between 44-47p.

Love the idea of a takeover 80-90p would be just grand!

Actually thinking about it, I can’t see how the nil rights would not trade for much at all. Like I will here, I have always just taken part in them (or not). What I did work out (I don’t think) is that if you had an average of 47p or better and the Sp ex rights was to be 197, i think that’s the break even point.

I’d also add that if the price were to be 1.97 ex rights, that’s a market cap of about 325m having just added 276m to the balance sheet. So I see upside but share some sentiment of detractors that a lack of foresight from senior management (some of whom exited) put them here.

So right now, if the nil paid rights traded at 1.35ish, if you had 10k at 42p you could sell the rights and recoup the initial investment and be left with 500 shares ex rights which you’d think conservatively should fetch around the issue price. That would be profit.

Of course, all depends on the price point nils rights trade at.

Grossly unfair how the structure is so confusing. Far more should be done in compliance to outline all possibilities and it really plays into fund managers hands who have analysts who crunch that stuff out in a day!

No you will get rights for 3000 @ 1.97 giving you ex rights position of 3500 shares if you take them.