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An update from Synthomer ( (GB:SYNT) ) is now available.
Synthomer has entered a trade receivables purchasing arrangement with Rainbow State Limited, a subsidiary of its major shareholder KLK Group. This temporary arrangement will provide Synthomer with short-term financial flexibility and ensure sufficient banking covenant headroom. Under this agreement, KLK will purchase approximately £50 million of trade receivables, aligning with the firm’s prudent funding strategy, and the terms have been evaluated as fair by an independent advisor. This move highlights Synthomer’s proactive financial management and collaboration with key stakeholders to maintain stability during the year-end.
The most recent analyst rating on (GB:SYNT) stock is a Hold with a £59.00 price target. To see the full list of analyst forecasts on Synthomer stock, see the GB:SYNT Stock Forecast page.
Spark’s Take on GB:SYNT Stock
According to Spark, TipRanks’ AI Analyst, GB:SYNT is a Neutral.
Synthomer’s overall stock score reflects significant financial challenges, with negative profitability and high leverage being major concerns. Technical analysis provides mixed signals, with short-term bullish momentum but longer-term bearish trends. Valuation is weak due to a negative P/E ratio. However, positive corporate events, such as insider buying and strategic appointments, offer some optimism for future prospects.
To see Spark’s full report on GB:SYNT stock, click here.
More about Synthomer
Synthomer plc is a leading supplier of high-performance, specialized polymers and ingredients serving industries such as coatings, construction, adhesives, and health and protection. Headquartered in London, the company operates globally with five innovation centers, 29 manufacturing sites, and over 6,000 blue-chip customers, driven by megatrends like urbanization and sustainability. Synthomer focuses on creating innovative, sustainable solutions, with 20% of its sales from new, patent-protected products and a commitment to decarbonization aligned with the Paris Agreement.
Average Trading Volume: 703,801
Technical Sentiment Signal: Sell
Current Market Cap: £99.77M
For detailed information about SYNT stock, go to TipRanks’ Stock Analysis page.