Member Info for Mr-O

SUFCESSEX,

Probably will buy back if the SP keeps falling, 20% down since I sold yesterday, and IMHO it will keep on going down over next few trading days (it’s holiday time and no trading) be interesting to see the SP when the markets open next week after the holiday!

No Sit tight in my opinion, and take the rights option if you qualify and have the spare cash, and if you have faith in the company and the long game. Everyone’s position is different so there is no right or wrong. I have had my fingers burned with RI’s in the past and personally don’t like them, but that fits my investment goals, so yesterday I sold my holding in NG, took a small loss of £800, but better than selling today and loosing thousands in my case.

Thats exactly what im gonna do, the div on this share isn't great so im gonna take the profit of 40% that I have made to date and invest in a higher div paying company.

I have over 40% of my portfolio invested in these shares and for a good while now I have thought they were heading for a tumble, managed to get out of some held in an ISA at a profit, but the rest in other accounts remain unless I make a loss! I didn't expect them to do something like this proposed purchase at this period of time and when the profits have been seriously hit, Its all gone Pete Tong!

Sorry just seen percentage-95%

60K

Unless im wrong it looks like Catto is selling shares, what do they know that we don't?

I had 18K shares, imagine how I feel! But I am going to take the RI @1.97, YOU still have until the 12th October to take up the RI.

Poleaxe thanks again for taking the time to reply, and an excellent POV regarding selling off SYNT and taking up the SYNN shares-had'nt considered that whilst trying to get my head around the RI, plus that gives me a helpful Capital loss to carry forward! here's hoping that the price of the SYNT shares does keep rising in the interim period before the end of the RI expiry date. One question, I have no option to sell the SYNT shares on the Barclays SI platform, I am guessing that this will change as soon as I take up the RI or when it expires?

You have to take action before the 12th, if you do nothing then the default position will be that you loose the offer and you will not get the shares, or you can take up the offer and buy the shares at the quoted price (1.97) OR you can sell the entitlement through your broker, on the Barclays platform the entitlement is show as new shares and there is an option to sell them at the listed price.

Thanks Poleaxe for taking the time to reply. Now that I am in possession of all the facts and understanding the process, and understand the companies financial position blah blah blah, the question is it is do I take up the rights issue? Questions to be asked, yes I can afford it, BUT do I take the discounted shares, or shove that money in to another company that I know is in a better shape that SYNT? and loose a substantial amount of money on the already diluted shares in circulation after the RI?

My thoughts exactly, why bother with this company if this is how they treat shareholders, YES I totally understand about raising capital in difficult financial times, but this companies performance has gone down the pan so why would you invest further in this company, even at a discounted price? OR have they basically got your arm up your back? Either reinvest to maintain a share of a pie that is now apart of a much bigger pie, or loose out even more?

I have read and re read this board, read the RSI’s from SYNT all regarding this rights issue, I have had no notification from my broker (Barclays Smart investor) with reference to an option to take up the offer or not, should I get an option, or is it something that I have to instigate with the broker? My personal feelings are irrelevant about this company, however I do have a substantial holding-or rather I did!