From earlier this year.



"The fund raise significantly strengthens Symphony's balance sheet and will
allow us to maintain the quantum growth we have enjoyed over the past few
months. We are now receiving significant interest from a variety of sectors in
our degradable solution to the problems associated with plastic waste and,
following this strengthening of our resources, we are in a much stronger
position to meet the considerable demand for our products."




This last statement shows that corporations are looking seriously at Symphonys products. Yesterdays announcement shows a real coup for the company, as they have walked away from a potential exclusivity contract with no penalties!. Rarely seen IMO.

Bio-degradeable products are appearing everywhere, especially in the consumer disposal market, and Symphony look to be taking a large chunk of this with their own brands.

I believe strongly in the management of the company. I see they have the technical ability and also the qualities required to deal with the financial markets. Too often we see an excellent company with strong technical management, only to see them fail as they have no idea how to deal with the stock market.


That is why I am nominating Symphony plastics as my "tip of the week". If you get in early enough, I believe you could see a potential treble bagger by the end of July.

I would welcome your comments on the above analysis.

Of course. Dissapointing fall today.

Rapid recovery, good old SYM.

LONDON (AFX) - Degradable plastics company Symphony Plastic Technologies PLC said its change in strategy whereby it no longer competes with finished product suppliers but can work in harmony with them will have a positive impact on its second half results and beyond.

In an AGM statement chairman Nirj Deva said the company had started to turn the corner following its successful defence of the legal challenge to its core business and technology last year by Environmental Products Inc.

He said that with many of the major distractions and problems of the past few years over the company is in a position to develop all areas of the business, such as corporate governance, unhindered and looked forward to 'exciting times' in 2006 and 07.

Deva said: '2005 was a challenging year but also a year of evolution in which a new and more exciting strategy was implemented. We are becoming a more flexible business, operating on lower cost and higher operating margins.'

Symphony !!! What a class act.

good to see a more steady rise, looking more sustainable(no pun intended)

just looking at the trades.. a whole load of sells came in around eleven thirty till twelve which has pushed price back slightly from 8% plus.

GD if you loook at the timing most are buys. if the markets were strong i'm sure we'd have seen a larger rise. nice to hear that were expecting more news soon.

yea it is a shame about the general market sentiment, look at CWR today releasing great news yet falling! SYM seems to stay stable till news then rises further whihc is fantastic.
I think the people who had their fingers burnt in SEO may switch to an alternative like SYM which could furhter the share price.

I'm in both SEO & SYM for the long-haul. Excited at present by the latter's prospects.

same for me queen1, nice to see some potential being reached and future could be roses and chocolates for sym.

watcher

....carried away from the supermarket in bags using SYM technology one would hope :-)

Reported in a positive vein today in FT p19 in an article about Stanelcos dreadful results.I might have a look at this one ,anybody doing a research site if so whats the link?Thanks in anticipation.

Have a look through Reuters, they give some good detail on Symphony and all the news released in the last year. Its a very good source.

Thanks GDP will do.

Noticed SYM had a mention in SHARES Mag yesterday as a Green Tip buy.

More good press for the company :-)

Share price should be higher though, like you said morgan good article in shares magazine should get further private Investors on board.

This Environmental strategy, referring to Tesco and Asda's push into renewable carrier bafs, should be good news for Symphony Plastic Technologies, which has the patent on additive technology to make plastic pacakging such as supermarket carrier bags biodegradeable. Tesco and Asds'a actions should influence other retailers to think more carefully about the type of bag they offer. It is likely that many companies will opt for degradeable carriers, adding to Symphony's prospects.

This Environmental strategy, referring to Tesco and Asda's push into renewable carrier bafs, should be good news for Symphony Plastic Technologies, which has the patent on additive technology to make plastic pacakging such as supermarket carrier bags biodegradeable. Tesco and Asds'a actions should influence other retailers to think more carefully about the type of bag they offer. It is likely that many companies will opt for degradeable carriers, adding to Symphony's prospects.

thanks for reinforcing the point GDP