the pink pound
- 15 Jul 2003 01:10
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.
G D Potts
- 01 May 2007 11:33
- 237 of 362
I've just topped up at 7.73
Return to 14p looks on.
ddoc2
- 01 May 2007 12:27
- 238 of 362
have dipped my tow in once again, if 8p goes then agree a good jump might be poss
G D Potts
- 10 May 2007 12:25
- 239 of 362
Article in the Shares magazine Green section today. Suggesting perhaps that the troubles are now behind us.
watcher
- 10 May 2007 12:36
- 240 of 362
hope so, i have recently taken a dip buy on these and after the last rns things should get back on track..all indicators are it is just a matter of time
watcher
G D Potts
- 10 May 2007 13:01
- 241 of 362
yep ive got the same idea too . Recovery through 07 looks likely.
G D Potts
- 30 May 2007 14:27
- 242 of 362
Symphony Environmental Tech. PLC
30 May 2007
Business Update
Product Clarification
Symphony Environmental Technologies Plc ('Symphony' or 'the Company'), the
degradable plastics and waste-to-energy Group, is pleased to announce the
following:
BUSINESS UPDATE
The Group continues to make progress notwithstanding the delays affecting
performance which have already been announced. In the oxo-biodegradable
plastics Division the transition from low-margin finished product to
higher-margin additive is taking effect. In the waste-to energy Division we are
pleased to announce progress with Thermal Pyrolysis (see below) in addition to
the progress with Microwave Pyrolysis announced on 30th April.
Oxo-biodegradable Plastic (d2w)
The changes referred to in the Company's Business Update announcement on 30
April 2007 have started to have a positive effect on the business. Sales of
higher-margin products are growing and operating costs are falling.
The Company's announcements of 22 February and 30 April 2007 referred to delays
in a number of overseas markets, and that corrective action had been taken. Two
market areas were involved, and in the first we are pleased to say the issues
have been resolved. Most of the local stock has been sold and paid for, and new
orders have been confirmed for delivery. In the second market area, local stocks
are being sold, the process of reconfirming orders and stock repositioning is
ongoing, and further updates will be given at the Preliminary Results stage,
which will now be in June, rather than at the end of May.
Waste to Energy (Thermal Pyrolysis)
Symphony is also pleased to announce that Cabinet approval has been given in Sri
Lanka for an MOU between Symphony Energy Resources Ltd. (SER) and the Ceylon
Petroleum Corporation (CPC) of Sri Lanka, supported by The Ministry of Petroleum
of Sri Lanka.
The project is to build a Thermal Pyrolysis plant in Sri Lanka in 2008 and has
been agreed as a result of meetings between SER and a team of experts from CPC.
It must be stressed that no contract has yet been signed, but the MOU represents
a major step forward for Symphony.
CPC is the state owned Oil Company of Sri Lanka and is the sole importer and
refiner of oil products into Sri Lanka. Current operations include a refinery
in Colombo, over 800 filling stations throughout the island, supplies to the
marine bunkering companies, aviation fuel to the international airport, and
supplies of oil products to the independent oil companies.
Thermal Pyrolysis is a process that applies heat to plastics in the absence of
oxygen to break the chemical bonds. The system converts waste plastics into
Marine Diesel Oil (MDO), and is designed to recycle mixed plastic waste streams
into valuable and easily marketable products. The process provides an
alternative to conventional and more costly recycling systems and can use most
types of plastic waste that currently go to landfill. The system itself uses
very little energy and is self-sustaining with virtually zero waste from the
process. If the plant is constructed, in due course MDO output per unit is
expected to be in the region of 18,000 tonnes per annum or the equivalent of
150,000 barrels of oil.
This technology addresses two of the most pressing environmental questions faced
by governments worldwide - What to do with waste plastics, and how to reduce
dependence on imported oil.
PRODUCT CLARIFICATION (oxo-biodegradable plastic)
Plastics, recycling, compostability and renewable issues are now constantly in
the media and much confusion exists over this subject. Symphony's d2w(R)
oxo-biodegradable technology produces plastic which degrades by a process of
OXO-degradation, initiated by an additive. The process involves little or no
additional cost, as products can be made with the same machinery and workforce
as conventional plastic products. During their useful life they are just as
thin, strong, and durable as ordinary plastic.
It is important to note that the plastic does not just fragment. It is consumed
by bacteria after the additive has reduced the molecular weight, and it is
therefore 'biodegradable.' This process continues until the material has
biodegraded to nothing more than CO2, water, and humus, and it does not leave
fragments of petro-polymers in the soil.
Eco-toxicity tests demonstrate that oxo-biodegradable plastic produces no
immediate, or cumulative, adverse effects on the soil, whether from the material
itself or from pro-degradants, plasticisers, surfactants, pigments, metal salts
or lubricants. D2w(R) does not contain 'heavy metals.'
The UK Food Standards Agency's Expert Group on Vitamins and Minerals has carried
out a risk assessment on trace elements and has shown that most of the metal
salts used in oxo-biodegradable plastics are trace-elements necessary for
healthy plant and human growth.
Unlike PVC, the polymers from which oxo-biodegradable plastics are made do not
contain organo-chlorine. Nor do they contain PCBs, nor do they emit methane or
nitrous oxide, even under anaerobic conditions.
The time taken for d2w(R) products to degrade can be 'programmed' at the time of
manufacture and can be a few months or a few years. Exposure to sunlight
accelerates degradation, but the process of oxo-bio-degradation, once initiated,
continues even in the absence of light, so long as air is present. Products can
be vacuum-packed for delivery and will not degrade in the absence of air until
needed for use.
On 24th May this year the Periodical Publishers Association of the UK
recommended to all its members that oxo-biodegradable film be used for wrapping
their magazines for distribution. D2w(R) is already in use for this purpose.
Oxo-biodegradable plastics are currently made from a by-product of oil refining,
and oil is of course a finite resource, but this by-product arises because the
world needs fuels for engines, and would arise whether or not the by-product
were used to make plastic goods.
Unless the oil is left under the ground, carbon dioxide will inevitably be
released, but until other fuels and lubricants have been developed for engines,
it makes good environmental sense to use the by-product, instead of wasting it
by 'flare-off' at the refinery and using scarce agricultural resources to make
plastics.
D2w(R) has been certified safe for long-term contact with any food type at
temperatures up to 40degreesC, and oxo-biodegradable products are being supplied
by the UK's leading supermarkets, Tesco and the Co-op. NB: In view of the
major custom of Walmart, is there any prospect of tying up ASDA at some point?
In Portugal the country's largest retail group, Sonae, has adopted d2w(R)
plastic carrier bags, and other major users include Marriott, Royal Caribbean
Cruise Lines, BUPA, News International, Pizza Hut, KFC, and Walmart.
Oxo-biodegradable plastic is ideal for frozen food packaging, as it can be kept
for extended periods at low temperature, and will quickly degrade when it
becomes a waste product at normal temperatures.
In Brazil more than 20 cities have issued a direction that the city authorities
and all their suppliers use only oxo-biodegradable plastic for their packaging,
bags, and refuse sacks.
If people want to incinerate oxo-biodegradable plastic with heat recovery, or
recycle them, or re-use them, then that can be done. The key point is what
happens to the plastic which is not collected, and gets into the environment as
litter. Conventional plastic will lie around in the environment for many
decades, but d2w(R) will degrade in a short time leaving no harmful residues.
Biodegradable plastics have been supplied in UK supermarkets for more than three
years but there is no evidence that they have caused any increase in litter.
Oxo-biodegradable plastic also has useful applications in agriculture. For many
years farmers and growers have used plastic sheets to protect their crops but
after the crop has been harvested many thousands of square kilometres of dirty
plastic have to be removed and disposed of. This is a very expensive process,
and creates huge quantities of contaminated waste.
Oxo-biodegradable plastic sheets can however be programmed at manufacture to
degrade soon after the harvest. The fragments can then be ploughed into the soil
where they complete the biodegradation process and become a source of carbon for
next year's plants. Symphony has trials ongoing with a new additive specially
formulated for this purpose.
Symphony Environmental Technologies
G D Potts
- 30 May 2007 14:28
- 243 of 362
Good update and im pleased that I now understand D2w better, i remember a few people commenting earlier on whether or not it was actually biodegradeable.
Outlook looks very good and it will be interesting to see if the proposed sri lankan plant goes ahead and what the terms of the contract will be.
I would think the shares will move higher than the 5% already achieved.
watcher
- 30 May 2007 14:35
- 244 of 362
can only be positive for s.p. but as per norm..wait and see..nice to be in now they are getting their act together
watcher
G D Potts
- 30 May 2007 17:17
- 245 of 362
I think the board have done very well, restructing the entire company must have been difficult and was very risky and theyve managed to create a very bright outlook for the shares.
Up 10%
ddoc2
- 30 May 2007 17:46
- 246 of 362
nearly all the the logged sells are delayed buys. we need to advance thro' 8p tomorrow to cont the bounce. promises as before- hopefully will be provided evidence soon- does anyone know when the results are due?
G D Potts
- 30 May 2007 22:19
- 248 of 362
100% not.
Stanelco is an embassador for failure. Its management team have been shown to be totally inept.
They NEVER sold anything, their RNS's usually come about from these conversations in the boardroom;
Board member A - 'Hey, can you remember when ASDA asked to look at our product a year back, and then didn't?
Board member B - 'Yea, those were great times, shall we tell the market?'
Board member A - 'For sure, i'll do it myself'
Board member B - 'Wait a second, arent ASDA owned by an even bigger firm?
Board member A - 'Oh yea, something like woolmart?
Board member B - 'Thats the one, lets just say there interested as well'
Board member A - 'Sounds like a plan, oh and by the way does our product even work? you know that greenseal stuff?
Board member B - 'I dont think so'
Board member A - 'Darn, may as well release the news anyway'
Board member B - 'And then we can release the same news a month later!'
Board member A - 'You got it, now to cash in my shares before our investors figure out our plan'
G D Potts
- 30 May 2007 22:22
- 249 of 362
Symphony has a proven product, sales in Brazil, the Caribbean and England. Tesco are actually using their product. The English and Sri Lankan government are both interested in their electrolisis process .
So No, it is not, in any way, shape or form, like the soon to be liquidated Stanelco.
watcher
- 07 Jun 2007 16:10
- 250 of 362
after last r.n.s. and some small buying today i hope things pick up as SYM have sat still for to long now..prelims before the month is out they said..
watcher
watcher
- 14 Jul 2007 14:14
- 251 of 362
even barclays think this a cheap s.p. having increased their holding from 4% to 5% recently..fingers crossed on the up soon..
watcher
queen1
- 28 Sep 2007 14:00
- 252 of 362
Symphony Environmental Technologies reported a wider first-half pretax loss on a 28 pct decline in sales due to the implementation of strategy changes, but said that it looks forward to the future with confidence. The degradable plastics and waste-to-energy group posted a pretax loss of 1.06 mln stg for the six months ended June 30, compared with a loss of 0.87 mln stg last year, on sales of 1.7 mln stg, down from 2.35 mln.
The company said that the recent changes to its management structure and operating personnel are having a positive effect on its operations. The group is now moving into a period of lower operating cost and higher gross profit following the completion of its restructuring program, it said.
The company added that it will continue to invest in technology and marketing advancements in all areas of the business.
Global Nomad
- 28 Sep 2007 22:13
- 253 of 362
nice to see someone else still here with a watching brief, and patience.....
queen1
- 29 Sep 2007 18:05
- 254 of 362
Much patience required Global Nomad but all will be good (and green) in the end...
BAYLIS
- 27 Oct 2007 12:34
- 255 of 362
Symphony Environmental Tech.
PLC 02 October 2007
2 October 2007
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC ("Symphony" or the "Company")
CHANGE OF NOMINATED ADVISER & BROKER
The Directors of Symphony are pleased to announce that HB Corporate, a division
of Hoodless Brennan plc, has been appointed as the Company's Nominated Adviser
and Broker with immediate effect.
For further information: Symphony Michael Laurier, Chief Executive 020 8207 5900
HB Corporate Rod Venables 020 7510 8600
BAYLIS
- 27 Oct 2007 12:36
- 256 of 362
Further information on the Symphony Group can be found at
www.symphonyplastics.com and www.degradable.net