UK's Synthomer reverses gains as lack of guidance upgrade overshadows strong Q2
BUZZ-UK's Synthomer reverses gains as lack of guidance upgrade overshadows strong Q2 Updates
** Shares of British specialty chemicals maker Synthomer SYTS.L reverse course; fall as much as 14% to 98.4p after gaining 7.8% earlier in the day
** Stock is top loser on FTSE All-Share Index .FTAS
** Jefferies analyst Vanessa Jeffriess says share price decline likely driven by the lack of an upgrade to FY26 guidance, despite stronger-than-expected Q2 results
** The lack of change to guidance commentary would suggest management see some risk about the sustainability of recent strong performance into the 2H of this year, as do we - Jeffriess
** SYTS says Q2 trading beat expectations , partly helped by market share gains due to disruptions in rivals' supply chains following the Iran war
**SYTS continues to expect YOY progress, helped by continuing benefits from cost-saving actions
**Stock up about 64.28% YTD
(Reporting by Anushka Chourasia in Bengaluru)