Member Info for Raydio

LOTM-13

Yes, my buy yesterday was a good one. Very lucky timing! I sold this morning at just over 182 for a good profit. The market surge this morning was an unexpected pleasant surprise. Hoping it heralds a good end of year rally followed by a bull market in 2024 (hope springs eternal or wishful thinking? We shall see). I still have my 2nd buy holding in Synthomer bought at 180 a while back.

I bought a block of shares today at just under 170 to add to my holding bought at 180. This is my third buy, the first gave me quick profit when the price rose to mid 190's.

LOTM-13

Fully understand now. The Red section gets filled with new shares purely for trading and are temporarily supplementary (until sold) to the shares in the other colour sections.

Thank you.

Lot-13

I think I've got to grips with your plan. Starting with 175 in Orange, 4000 in Yellow, 1375 in Blue and Nil in Red. I have set up a columnised record to follow your transactions. Please advise how you get shares in the Red section. Also if you have set a limit of 6000 shares in the Red section as the number of your shares hopefully grow to over 6000 from the current 5550 shares overall.

Lot-13

Looks like you nailed it again, SP falling to around your buy back level. My turn to be out this afternoon. Look forward to seeing SP end of day.

Lot-13

I am enjoying reading your posts and seeing how your trades work out. Your posts encourage me to log into this Synthomer page more than I normally would. I hope you keep informing us.

I also may have sold only part of the core holding in case the SP went up. However each us has to do what we consider appropriate taking into account the state of the market, sentiment, charts, newsflow, herd instinct possibilities, shorts etc. You have a strategy and like me tend to stick with it. Your posts give a practical insight to market trading and I am sure many will learn from it. My first trade in Synthomer returned a very quick profit. My second buy at 180 is looking OK for now and I do not wish sell as I think the possibility of rising from here is higher than it falling, but that is my take, not wanting to be completely out of the stock, looking longer term beyond short term movements. But being in profit means I do not have to consider selling and buying back to increase holding / reducing losses long term. I see the reasoning behind your strategy (apart from being out of the stock now). But part of me wants the stock to fall so you can get back in and continue the posts! Despite my 40+ years of being in the market I learn from posts, especially the practical and honest posts such as yours. Refreshing!

Traded this share successfully until my last buy at 131p which is now a medium/long term hold. Not concerned as after today's fall, which I think is overdone, I see a much higher expectation of corporate activity - stakebuilding or a bid. Shorters will have to buy back when they feel they have made enough from a fall and/or when they think the bottom is reached. A sudden bounce can catch them out and exacerbate any rise in SP. Notwithstanding short term volatility I still see this share recovering longer term. An earlier post mentioned Mike Ashley might see this as an opportunity. With Doc Marten's global appeal I can see the possible attraction. I doubled my holding this morning by buying more.

I looked up the article and found it interesting. Nice to see Synthomer still referred to as a global leader in its field. Noting the recent share price movements and market generally it looks like we have a bottom around 170. Having bought Synthomer for the first time recently and traded that buy profitably (see previous post) I am optimistic my second buy at 180 recently will also be profitable soon. I am currently just looking at trading this share as volatility makes this attractive. Longer term I will get a core holding for the longer term as I see a strong rebound further out and have secondary holdings for trading which is my norm.

Re Joseywales post. I also was not too concerned about the update and believing we are at or near the bottom made my first Synthomer purchase last week at 183. What I was not expecting was a 10p+ rise in 1 day so like Lotm-13 sold a day after my purchase at 193p which I was well pleased with.

Unexpectedly the SP fell well back and yesterday I bought back in at 180. As you say volatility is enjoyed by some and I often benefit from volatility. Note I say often, it does not always work out) but I am always prepared to hold long term. When I get it right in volatility the trading returns add to cash build and kerps cash available for continued purchases. Pleased with SP holding steady this morning in a lacklustre start in the market. I hold the view the headwinds for Synthomer are short term and notwithstanding short term movements the company will return to growth and return the dividend with SP moving upwards. Not without risk though.

Been watching this share since the rights issue announcement. Folliwing recent update and today's 10p fall in the SP and general market fall I decided to buy in for the first time today. I believe the worst is over (famous last words?) and things should improve...........we shall see what will happen. The loss of shareholder value has been horrific this year, I have experienced similar In my 40+ years of investing and its never good. Hopefully no one was only invested in Synthomer. Diversification is important. Not without risk but I look forward to seeing the SP rise significantly over time.

With the stock I bought in the rights issue and subsequent rise in SP I have recovered all my losses on original holding and moved into profit. Rights at 1p and SP now 1.775p to sell moved me into profit. Where we go from here is unknown but today's news on the trial suggests there might be more positive news to come. Not without risk but in a better position than the gloom in June.

I have traded this share profitably since 2020. I was completely out for a few months until I recently bought again at 756 and 740. I also bought more this morning at 704. I am not concerned about the SP slipping below 700 after considering the falls in the market generally this morning. Recent updates have been reasonably positive in my opinion and I expect a bounce in the SP when markets turn positive but may remain volatile whilst we have high interest rates, Ukraine war and Middle East concerns etc. There is a reasonable dividend, seemingly secure for the future and the dividend going ex div end Nov may lend some support if income seekers buy in before then and hold. There has been an increase in short activity to over 5% recently but at some point these will have to close when they buy back at what they see as a bottom and this will help the SP. I personally use Hargreaves platform along with the Interactive platform. Both have advantages for me personally. When we get the next bull market Hargreaves will see revenue increase and SP will follow. If there is a crash I will buy more. I am optimistic but that is just my opinion. Obviously shorters disagree for now.

I sold at 131 in August for a good profit but did not want to be out of this stock for long and bought back recently at 105 after falling back. A fall in the SP was to expected after the warning but the magnitude of the fall I think is too harsh as prospects for recovery at some point is good. No guarantees of course but with Canaccord dropping SP forecast to 110p and an SP hovering at around 55 I view this as positive and bought more to add.

I trade Metro in addition to long term holdings which are deep underwater. Trading profits just make a dent in those paper losses. I bought on Thursday at 39 and sold those on Friday at 49, happy with the 1 day profit. Unlike you I did not have the courage to hold over the weekend with all the speculation. Thought if SP dropped Monday I had the option to buy again and if I the SP rose my other recent buys at 90p would benefit and long term holdings paper losses will reduce. Pleased Metro has secured a deal and obviously pleased with SP rise this morning. Shorters should close now deal is done and there is bid speculation. I am keen to recoup some money (and profit?) from my last trading buys at 90p recently. A bid will be welcome to help there and reduce long term holding losses. The good news there though is I can use those losses against gains to reduce capital gains tax which we will pay more of now with the allowances dropping significantly. Good luck everyone........except current Metro shorters of course!

LegalBeagleUK. Thanks for your informative reply, interesting.

LegalBeagleUK. I was fascinated to learn there was a word describing the utilisation of shares by banks/financial institutions bought by clients and kept with them, in a way they feel suits their purpose. I thank you for that and look forward to using that word in the future. However my understanding has been that banks/financial institutions can only use shares if it is put forward as collateral for a loan or margin requirement). If the shares are fully paid for by a client and lodged with them in a nominee account they cannot be rehypothecated (now I know the word!). Similarly if any shares are used as margin any excess over the margin required cannot be used by the bank/financial institution. A search on the Internet seems to confirm this but happy to be corrected if I am missing something or don't fully understand the practice. I used to lodge cash and shares as margin collateral when buying and selling Options and was aware the shares could be used by the bank/financial institution in those circumstances. I am no longer involved in Options buying and selling so margin requirements are no longer an issue. However, like many, I have my shares in a nominee account (HL, Interactive etc) so believe they cannot be used by those institutions. However I thank you for your post and look forward to similar informative posts by yourself and others. Rehypothecate, wonderful!

My heading on last post should have read " I do NOT see the demise of Metro."

Unless Metro has difficulty of raising cash by debt or a raise from institutional investors /offer to include us PI's I do not see the demise of Metro. If a cash comes in to bolster the balance sheet this will put Metro on a better financial footing in the eyes of the Regulator and hopefully get the approval it is seeking quite soon after. Once the inews of the needed cash being obtained comes this should see sentiment improve, bring buyers in and see many shorters close out. I am deep in losses here but long term have hopes for a recovery. I bought in again this morning but fully aware this is not without risk. Fortunately considerable profits elsewhere this year have have outweighed the 50% slide since my last recent buy. This is definitely not a share to put more money in you are not prepared to lose, but I am hopeful my overall losses will be reduced once the bottom is reached. In the unlikely event the cash cannot be obtained by Metro and there is no takeover interest then further down the line I may have to add "old fashioned bank " Metro, as someone called it , this morning to a list of past investments in 40 years where they are no more or I give up hope and my investment become losses to offset against future gains. But hope springs eternal is my motto at present.

This morning's announcement and opportunity to take part in the offer is the first step towards getting this company back on a good footing. Re-iterating my sentiments in the last post 19 June I intend keeping my investment and adding, even it goes private. Nothing is guaranteed but today's announcement is reassuring to my mind.

I agree and bought back in after selling previous holdings at a profit. Always prepared to hold long term. I bought 3 lots this morning, my last lot at 173.