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.

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

A piece about that in this week's Shares magazine as well in their new "Green" section.

Symphony Plastic Technologies plc
North America Sales



Symphony Plastic Technologies Plc ('Symphony' or the 'Company'), the degradable
plastics company, is pleased to announce that Symphony's North American
distributor, Degradable Polymer Products Inc., has reached agreement on a
commission based, key customer relationship with Rand International Leisure
Products Limited ('Rand'). Rand is a United States based corporation
specialising in sales and market development in the US retail sector.

Degradable Polymer Products Inc. has been working with Rand and its counterparts
towards securing key customer approvals and recommendations and in order to
incentivise Rand towards the achievement of particular sales objectives, and to
secure Rand's ongoing support for Symphony's d2wTM business development,
Symphony has today entered into an option agreement with Rand. Subject to the
achievement of defined commercial requirements, Rand will be entitled to
subscribe for up to 5,000,000 ordinary shares in the capital of Symphony at a
price based on the quoted price for such shares at the time of exercise with a
minimum subscription price of 12p per share.

Other than in respect of the first 1,000,000 shares under option, the options
granted by the agreement are subject to Symphony shareholders' approval at an
extraordinary general meeting as well as being conditional upon Rand meeting
specific criteria which will deliver substantial benefits and value both to
Degradable Polymer Products Inc. and to Symphony.

Symphony believes these arrangements are in the best interests of the Company
and intend to work very closely with Degradable Polymer Products Inc., Rand and
their counterparts to grow its revenues from North America.



Roger McLelland, Chief Executive of Degradable Polymer Products Inc. said:

'We have worked closely with both Rand and Symphony and are delighted now to be
in a position to make meaningful inroads into one of the biggest market sectors
in North America. Rand's customer relationships will be of considerable value in
our focused sales efforts.'


Michael Laurier, Chief Executive of Symphony, said:

'We are delighted to have reached agreement with Degradable Polymer Products
Inc and Rand and we firmly believe that this partnership has the potential to
add very substantial value to the development of the North American market and
in accelerating the worldwide trend towards the wider adoption of d2wTM totally
degradable technology.'