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.

Apologies if I've missed something but I think the issue here is what sym produces and what bioplastics are as opposed to fossil based plastics( ie oil).

Is it not the case that sym prooduce an additive to help fossil based plastics breakdown rather than bioplastics which are made of corn starch(?) etc and are naturally biodegradeable. Could this be why sym is not registered on said website? if I am not mistaken this may be good news for the environment but bad news for SYM.

Please let me know I am mistaken but all plastics are not the same. and by extension all biodegradable plastic is not the same or part of syms market.



GN

Spot on, GN.
Symphony & it's subsidiaries make non-degradable, degradable & pro-degradent (d2W additive) products, but not bio-degradable.
IMO, Symphony will, at some time in the future, need to consider the bio-degradable market as the oil based alternatives will become politically and socially out of favour.

So, yes interesting post, but no perhaps to being sym relevant and perhaps interesting from the opposite (read negative) way than intended.

It may be that the time window for this product is shortening as industry is already moving (booming) to the next generation product.

The next trading update will tell - but for a speculative punt the recent fall could be a good buying op.

Symphony Plastic Technologies PLC said it is confident about future as it reported trading is in line with its hopes of moving into profitability from the fourth quarter of this year.

Symphony said it has concluded its review of the CARICOM business (Caribbean Community and Common Market) and is making a final provision of 500,000 stg against the bad debt of a former distributor.

Chief executive Michael Laurier said restructuring of the CARICOM region had impacted the balance sheet but that it was 'positive in terms of maximising profitability and cash flow going forward.'

The company added that sales and gross profit margins continue to increase.

Thanks for the post, Queen1.

Full text:

Symphony Plastic - Trading Statement
RNS Number:9556N
Symphony Plastic Technologies PLC
15 December 2006


Symphony Plastic Technologies plc
Trading Update and Convertible Redeemable Loan Facility


Symphony Plastic Technologies Plc ('Symphony' or the 'Group'), the degradable
plastics and waste-to-energy company, is pleased to announce that, following the
recent Trading Update on 13 October, trading is in line with management
expectations of moving into profitability from quarter four of this year. Sales
and gross profit margins continue to increase.

As reported in September's Interim Results, this margin improvement follows the
change in strategic direction of the Group and the re-focus from a high volume
low-margin commodity business to a much leaner higher-margin environmental
technology business. This transition has allowed the Group to expand into new
markets and products and to take advantage of the significant opportunities
provided.

The Board have concluded its review of the CARICOM business (Caribbean Community
and Common Market) and is making a final provision of 500,000 against the bad
debt of a former distributor. It is anticipated to recover this investment
through new licence fee income over the next three years and materially enhanced
sales in the region.

As part of this on-going strategic review Symphony has recently reviewed its
North American investment in Degradable Polymer Products Inc. It is the Group's
view that the medium term value of this investment, based on current events,
could be materially higher than the PUT Option price contained within the
Distribution Agreement. As a result, the Group will no longer be exercising the
PUT Option which had expected to be completed before the end of December 2006.

Any impact that this would have had on the business will be covered by a new
500,000 convertible redeemable loan facility with the Headstart Funds leaving
the business in a cash neutral position. It is anticipated that the Group will
not require the full facility which will be used to bridge the short-fall in
cash-flow due to the Board's decision not to exercise the PUT Option but wait
for higher returns in the future.

This will be available for conversion into 1p ordinary shares after 120 days
unless redeemed. Conversion into 1p ordinary shares is calculated at 95% of the
lowest bid price during the 15 trading days prior to the conversion date. In
addition 500,000 warrants have been issued at a subscription price of 15p per 1p
ordinary share, 200,000 of which may be deferred up to one year. Interest on the
loan is 8% per annum. The cost of redemption if made will be either 110% of the
loan if repaid within 180 days, or 105% after 180 days.

Michael Laurier, Chief Executive of Symphony, said:

'The recent strategic review and the subsequent evolution of the business has
been an extremely beneficial exercise for us both in terms of improving our
revenues and enhancing our margins

Symphony continues to develop the many opportuntities available in a wide range
of applications and markets.

The restructuring of the CARICOM region has impacted the balance sheet but is
positive in terms of maximising profitability and cash flow going forward. We
are now in full control of the development in the region.

We continue to work towards the profitability of the business and look forward
to the future with confidence.'

That issue about the bad debt is a bit weird, but hopefully SYM will soon be cashflow positive.

Cheers soul traders.

i thought the statement was rather odd - the financial agreements are fairly hard to understand, re. PUT etc, but overall it seems as if Symhpony are on track and recovering well.

Ticked up today: SYM Bid: 11.75p Offer: 12.5p Change: 0.5

Ticking down now, sold half my holding at 12.5 but thinking re-investing.

Lack of news flow is clearly giving this one the old slow-puncture effect.

Mkt cap 8 mil - surely ought to look cheap when the predictions of profitability start becoming a reality?

Still, WDIK - this stock doesn't know I own it!! Hanging in patiently . . . .

Another slight drop today based on today's news, but that's hardly surprising; some lucky punters are geting the co for 10p a share!!

Symphony Plastic - Notice of EGM
RNS Number:7468Q
Symphony Plastic Technologies PLC
06 February 2007

SYMPHONY PLASTIC TECHNOLOGIES PLC

Conditional 1.4 million Share Placing and
Notice of Extraordinary General Meeting ('EGM')

Symphony Plastic Technologies Plc ('Symphony' or the 'Group'), the degradable
plastics and waste-to-energy company, announces a conditional placing of
14,085,000 shares at 10 pence ('Proposed Placing'), EGM notice and proposed
change of name.

Reasons for the Proposed Placing

Symphony has raised 1.4 million in a placing of 14,085,000 shares at 10 pence
subject to approval at EGM. The Board of Symphony believe that it is in the
best interest of the Company and its shareholders to replace part of its
overseas finance facilities and other loans and to further invest in the
enhancement of sales and marketing, R & D facilities and technical support
services.

Michael Laurier, chief executive officer has purchased 500,000 new ordinary
shares, Matthew Turner, managing director, has purchased 50,000 new ordinary
shares and Ian Bristow, finance director has purchased 50,000 new ordinary
shares as part of the Proposed Placing.

Following the Proposed Placing, the directors have the following interest in the
share capital of the Company:

Michael Laurier 12.18%
Matthew Turner 0.36%
Ian Bristow 1.05%
Michael Stephens 0.28%
Nirj Deva 0.02%

The Group anticipates trading in 2007 will be ahead of 2006 and also expects to
see maiden revenues from Symphony Energy Resources in the field of tyre and
plastic recycling. The Group expects sales for 2006 to be in the region of
4.3m.

Extraordinary General Meeting

Symphony is holding an EGM at 9:00 am on Tuesday, 27 February 2007, at Elstree
House, Elstree Way, Borehamwood, Hertfordshire WD6 1LE. The purpose of the
meeting is, inter alia, to provide the directors with the necessary authorities
in relation to the Proposed Placing of 14,085,000 new ordinary shares of 1p
each, at a placing price of 10p each, in the capital of the Company ('New
Ordinary Shares'), ranking pari passu in all respects with the existing issued
ordinary shares in the capital of the Company. Application will be made for all
such New Ordinary Shares, once issued and allotted, to be admitted to trading on
AIM.

Shareholder approval is also sought to change the Company's name to 'Symphony
Environmental Technologies Plc.', to better reflect the nature of Symphony's
business. This reinforces the Company's commitment to the development of
environmental technology solutions including oxo-degradable technology and waste
to energy systems.

For further information, please contact:

Symphony Tel: 020 8207 5900
Michael Laurier, CEO
Ian Bristow, FD

Panmure Gordon & Co Tel: 020 7614 8385
Andrew Godber

Citigate Dewe Rogerson Tel: 020 7638 9571
Ged Brumby


Further information on Symphony Plastic Technologies plc:

Symphony develops and supplies environmentally responsible pro-degradent
additives as well as plastic packaging products. The Group's main technology,
marketed under the d2wTM registered trademark, causes plastic to degrade,
leaving only water, a minimal amount of carbon dioxide and trace amounts of
non-toxic biomass over a short time period. The d2wTM product range includes
pro-degradent additives developed for an increasing variety of applications as
well as a range of finished flexible plastic products.

Symphony has a diverse and growing customer base in the UK and is establishing
itself as an international business with distribution agreements in Argentina,
Brazil, Canada & USA, Chile, Colombia, India, Mexico, New Zealand, Peru,
Portugal, South Africa, the Caribbean, Saudi Arabia, and Qatar. d2wTM products
can be found in more than 40 countries.

Symphony is marketing and developing innovative waste-to-energy technology
processing plants and is exploring various opportunities where there is a demand
to increase recycling of waste plastics, tyres and other waste streams by cost
effective processes.

Further information on Symphony can be found at www.symphonyplastics.com and
www.degradable.net.

Good to see the directors involving themselves in the placing.

And a bit of a trading update too:

"The Group anticipates trading in 2007 will be ahead of 2006 and also expects to
see maiden revenues from Symphony Energy Resources in the field of tyre and
plastic recycling. The Group expects sales for 2006 to be in the region of
4.3m."

Has anyone tried using Symphony's website recently?

I have just had a quick look around and find myself confused by the number of different sites and their content. Also I can't find a link to the Energy side of the business.

Can anyone do better than me?

I'll give it a go later when im less angry about the flurry of red on my screen today.

Could be topping up time soon - name change around the corner too.

Well glad I didnt and that I sold half my holding around 13p!
Trading update IMO does not make for as bad a reading as the drop in the S.P. suggests - potential is still there and products are soundly based for growth - I will wait for S.P. to stabilise before considering further investment - 8p looks a bit cheap IMO!

Irritating, glad I dumped this and bought HAIK a week or so ago.

Market over-reaction as usual.