Get Premium to unlock powerful stock data

John Paulson Buys 12% Stake in Synthesis Energy Systems

Author's Avatar
Apr 25, 2015
Article's Main Image

John Paulson (Trades, Portfolio), hedge fund manager of the $19.3 billion Paulson & Co. hedge fund, has established a stake in a new position, Synthesis Energy Systems Inc. (SYMX, Financial).

Paulson bought 10 million shares of Synthesis Energy Systems on April 14, according to GuruFocus Real Time Picks. The holding represents 11.7% of the company’s shares outstanding.

Synthesis, a Houston-based technology company with a proprietary gasification technology, announced on April 14 that it agreed to a direct placement of 12 million common shares for $12 million to “certain accredited investors.” It did not name Paulson in the release, however.

Synthesis shares cost $1.08 at Friday’s close, up 14% year to date.


For its fiscal second quarter ended Dec. 31, Synthesis reported $3.9 million in revenue, a drop from $5.9 million for the same period last year due to decreased methanol prices. It also experienced a net loss of $25.6 million, or $0.35 per share, compared to a loss of $1.4 million, or $0.02 per share, due to impaired assets. Synethesis ended the year with cash of $13.7 million.


Synethsis also announced in December that it had entered into a $105 million joint venture with three plants in China to convert coal to synthetic gas as the nation’s government seeks to reduce carbon emissions by 2025.

For more stock trades of gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.

Also check out:
5 / 5 (2 votes)

GuruFocus Screeners

Related Articles

Q&A with Gurus