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.

Grief if anyone thought things were bad before, the sp graph over 2007 tells a cautionary tale.
- Instead of lathering themselves with Options - Execs "Earn your salaries - get out there and sell..."
Shareholders are being taken for a ride, IMHO.
Options are already too high and represent a Win-Win situation for the Execs - usually smacks of general incompetance - but DYOR.

thats a big increase today anyone shed any light on the jump......not complaining of course

watcher

With only four trades who knows.

hope this leads the way to progress and recovery of s.p...nice RNS to start the festive month off....

watcher

yep very good news. Shows confidence in Symphony.
Moving to profit could help the shares recover to the old heights.

glad its followed on with another bounce.

should provide the shares some support around 5 p till the next results.

Hunter Hall is a leading international ethical fund manager, based in Australia,
with $AUD 2.8 billion under management. The Hunter Hall Global Deep Green Trust
implements its positive ethical investment policy by investing only in companies
which make a positive impact on environmental, humanitarian, social, and
sustainability issues. In addition, it excludes investment in countries which
support commercial whaling and donates one third of management fees to charity,
including projects which support biodiversity.

Hunter Hall's Executive Chairman, Peter MacDonald Hall, said today: "We are
investing in Symphony because we want to see its cost-effective degradable
plastic technology used to reduce the appalling problem of plastic waste which
floats on the oceans and pollutes the rivers, fields and streets of the world.
We also support the work it is doing in the field of waste-to-energy.

Our generation of humanity has the responsibility to take up the struggle to
understand the issues and to use our rationality to change human behaviour to
re-create a sustainable and balanced world."

if the support holds at this level all that will help is positive news or imho it will slip again...still waiting to see if the buying kicks in for a smiley face future....sure i am not alone..keep busy steff
watcher

On a brighter note, Symphony Environmental Technologies continued to make progress, climbing 0.875 more to 4.875 following yesterday's news that the degradable plastics and waste-to-energy group will place up to 14 mln new shares with Hunter Hall's unit trusts and will raise gross proceeds of up to 700,000 stg.

Hunter Hall, an Australia-based leading international ethical fund manager, will hold a 19.13 pct stake in Symphony, or about 19.04 mln shares, if the placing is completed in full.

Symphony's d2w(R) degradable plastic technology is rapidly becoming
known as the market leader throughout the world and with South Africa's
progressive attitude on environmental issues we are delighted to have increased
our participation in this important market."

Latest news showing up on Plastic & Rubber Weekly web site.
http://www.prw.com/homePBP_NADetail_UP.aspx?ID_Site=818&ID_Article=24558&mode=1&curpage=0

morgan
How much is the deal worth.

Driver
This is the problem with Sym, they mention new contracts without divulging it's value. Tiger Brands reportedly a large company in S Africa, so could be worth a few squid to Sym.

morgan
Cheers

Must be worth something if the markets reacting like this

yep......hope the bouncing keeps on and on and on..good luck all

watcher

'This breakthrough into the South African food sector was achieved through Symphony's nominated distributor, Self-Destruct Plastics, who report that current sales for Symphony's d2w additives and products have exceeded all their expectations,' the degradable plastics and waste-to-energy group said in a press release.

Another RNS about new contract out today(although this deal was picked up last week, but not the magnitude of it).After August 500+ tons of d2w per Month!