D2p Anti Microbial Plastic
Proactive investors Proactiveinvestors UK Symphony Environmental Technologies 'optimistic' as it stands to gain from... Symphony Environmental Technologies PLC (LON:SYM) - “I think we’re really in a good place at the moment, we’re in a world that wants a solution to plastic pollution,†said chief executive Michael Laurier.
Ghana [link]
Poor promotion I mean they need to promote more
Poor promotion New video [link]
War on plastic Its all on the BBC news at 6pm.
War on plastic Interesting article on the war on plastic IG War on plastic: the winners and losers of the plastic revolution The UK and the EU have taken their first steps toward banning single-use plastics in an effort to save our environment. But what will the revolution in plastics mean for the likes of packaging companies, chemical firms and the oil industry? A long article but the piece relating to Symphony "Meanwhile, Symphony Environmental offers an interesting opportunity. Instead of developing an alternative to plastic, the company has decided to tackle the problem head-on by developing a treatment that is applied to short-life plastics like bin liners, straws and coffee capsules that make the plastic biodegradable, should it escape a recycling plant or landfill. The company markets this as an insurance policy to its clients, and believe it is suitable for the majority of all flexible plastics produced worldwide. Its recent investment in Eranova will also see it slowly move away from fossil-fuel feedstocks to bio-based feedstocks, using algae as a key ingredient rather than petrochemicals. Earlier this year, Symphony said it was raising investment to capitalise on the ‘media, political and commercial opportunities’ that have emerged about plastic. Over 11 countries have now introduced legislation to make oxo-biodegradable products mandatory, with more expected to follow suit. Symphony believes that ‘it is not possible to collect 100% of the plastic waste’, and is therefore providing a way of reducing plastic waste rather than replacing it."
Profit taking I think we will see a dip here for a while as investors bag their profits, it has after all been quite a ride. The overall momentum IMHO is still up. So I'm staying in as I feel even better times are yet to come.
Re: Results trading statement not results not the same is it .....
Re: Results ....for a Trading Statement ......? ..... there is no mention of trading initiatives, developments, or projections in there ....SAGE
Re: Results They are woeful.Entered into a memorandum of understanding to acquire one of Symphony's existing European distributors. Whilst there can be no guarantee that the acquisition will happen, if it did proceed it would provide Symphony with 2.5 million of revenues primarily into the French major retail market. This investment would also be funded from existing resources. FFS - you don't start taking on distributors - unless your in the distribution game. Its not core business. That is old school thinking.Wooly and I expected more revenues than this. Old style management - needs to be taken out and brought into the 21st century.Am not impressed, especially with all the PRF that has been surrounding the issue of plastics. If this is the best they can do with a fair wind and free PR - then gawd help us if competitors come in.
Results Revenue up 17% but that isn't pleasing the city. Mind you whatever does !
Re: Wow Indeed staffai, a little fraying at the edges now but hopefully not anything but the time of the year - dog day for shares generally...
Re: Wow lets hope the sym share price does not bio degrade
Re: Wow Doing well mm. Thurs, Frid, and Tues it was up 35.02%. Wow.Loadsadough