LONDON, July 2, 2026, 21:02 BST
- Synthomer closed up 9.26% at 86.10p, beating a 1.51% rise in the FTSE All Share.
- The stock still ended 30.54% below its June 22 one-year high of 123.95p.
- Latest market feeds showed no new Synthomer announcement after a June 26 director/PDMR notice, keeping June’s trading update and disposal news in focus.
Synthomer plc (LON:SYNT) jumped 9.26% to 86.10 pence on Thursday, a sharp bounce for the London-listed polymer maker after a bruising late-June run. Hargreaves Lansdown data showed the FTSE All Share up 1.51%, putting Synthomer’s outperformance at about 7.8 percentage points.
The bigger number for equity holders is still debt. Synthomer’s 2025 net debt of £575.0 million was about 4.1 times Thursday’s market value of £141.16 million. The ratio uses the last confirmed net-debt figure and the latest market cap, so it is a rough gearing read, not a current balance-sheet update.
| Measure | Figure |
|---|---|
| July 2 close | 86.10p |
| July 2 market cap | £141.16 mln |
| FY 2025 net debt | £575.0 mln |
| Net debt / market cap | ~4.1x |
| FY 2025 free cash flow | £56.6 mln |
LSEG data carried by Investors Chronicle showed Synthomer traded between 75.50p and 86.20p on Thursday and closed near the top of the range. Volume was 941,234 shares, below the 1.34 million average shown on the same feed.
| Session | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| July 2 | 75.50p | 86.20p | 75.50p | 86.10p | 941,234 |
| July 1 | 81.50p | 82.50p | 76.70p | 78.80p | 514,182 |
| June 30 | 79.50p | 82.50p | 78.30p | 79.80p | 289,275 |
The share-price chart is still scarred. Thursday’s close was 30.54% below the June 22 high of 123.95p, though it remained far above the 52-week low of 16.70p set on March 13. The one-year change was minus 11.60%.
There was no new trading statement in the latest announcement list reviewed. The feed showed the latest Synthomer items as a June 26 director/PDMR shareholding notice, June 22 AGM results and AGM trading statement, and the June 19 Acrylate Monomers disposal.
In the AGM update, Synthomer said it was on track for first-half revenue, EBITDA and margin progress against the prior year. It said the first five months showed growth in continuing-group volume, revenue, EBITDA and EBITDA margin, with Coatings & Construction Solutions stronger, Adhesive Solutions stable and parts of Health & Protection and Performance Materials slower at the start.
The market’s pushback was about guidance and leverage. Jefferies (NYSE:JEF) analyst Vanessa Jeffriess said the unchanged guidance showed management saw “some risk” around recent performance into the second half, while Berenberg analyst Sebastian Bray pointed to weaker bulk chemical prices, including nitrile latex, as China availability improved. Reuters
The June 19 disposal explains part of the debt trade. Synthomer agreed to sell its Czech Acrylate Monomers business to Mutares SE & Co. KGaA (ETR:MUX) for a cash-generation sharing deal of up to 12 million euros over three years, with no upfront payment. The business had 68 million euros of 2025 external sales, a 10 million euro adjusted EBITDA loss and about 5 million euros of average annual capital expenditure.
Chief Executive Michael Willome called the sale an “important step” in simplifying the group and focusing on higher-margin speciality chemicals. The deal is due to complete at the end of the third quarter, subject to customary closing conditions. Investegate
