Has anyone any ideas as to why this stock has powered head today. I noticed that it moved slightly up just before close yesterday.

About time that it moves. I guess most people are out of this dog......

reassuring movement over the past couple of days. At this rate the long outlook I have for this is looking rosey..

watcher

SYM going great guns. A very nice pair with SEO - both into recyclable, biodegradable plastic for mass supermarkets - a future marriage made in Coffee heaven?

I'm in for the long haul too.
SD

wonder if they make coffins

a bio degradeable coffin might come in handy

jokin aside this little gem has got a good future and it might plz some ppl
to see a company trying to help the enviroment

keep the faith ppl this is going to fly come results

What's happening to this SP today. Is the tree being shaken by MM's who are trying to stock up? Or is there some news in the wind we should know about?

its a shake out IMO. There has been jumps up over the last week or so a,d the potential is growing to shoot upwards now the MM's do their stuff and collect ready for the next move up.

watcher

Thanks, watcher. I agree. Heavy selling into a constant price or, as here, a price which is dropping enough just to scare some of us, seems to indicate MM's collecting stock for the next upward momentum.

Since I'm in for the next 10 years, in general, any serious scare tactic is just enother buying oppportunity for me - if only I had endless dosh. Currently fully invested across a quite exciting range of movers and shakers, so nothing spare (that isn't going on SEO, anyway!).

Don't want the SP to become biodegradable, do we? Still, up 20% in under 2 weeks is very nice.

SD

2 times 100.000 gone thru at 14.10 14.11 should it read as a sell?

No - they look like buys to me well above the 21.25 mid price albeit inside the bid-offer spread. Good.

SD

SP down on the day though. Am hoping this is a lull before the next big push. Some more decent news would be good.

This RNS issued today:-

RNS Number:3592J
Symphony Plastic Technologies PLC
04 March 2005



4 March 2005



SYMPHONY PLASTIC TECHNOLOGIES PLC

APPEAL


Notification has been received by Symphony Plastic Technologies Plc ("Symphony"
or "the Group"), the degradable plastics company, that EPI Environmental
Products Inc (EPI) has been granted leave to appeal the judgement handed down in
favour of Symphony by the High Court in London on 21st December 2004.



Michael Laurier, Chief Executive Officer, said:

"The possibility of an appeal is a feature of any civil case and we are not
surprised by this development. The Directors are of the view, as they have been
from the start and as was demonstrated in the High Court, that the claims made
by EPI are without merit."



I'd forgotten about this little issue. Is the knee-jerk dip a buying opportunity or do we have a real concern the appeal will overturn the original judgement?

SD

What would be the ramifications for SYM if it were overturned?

theirs no reason why it should,unless new evidence is provided.which is unlikely.....leave has been granted,which is normal in any process,they probably wont bother with it.
the drop in sp is just to get out weak sellers.who no nothing about the process.it will rise next weak one hopes.

Come on everyone...they have just signed a nice deal in Saudi Arabia....get buying.LOL Ethel

This is the AFX which refers to Ethel's S. Arabia deal. Looks good news to me. Price ticked up 1.75 today - just when I was hoping to pick up a bit more cheap too!

LONDON (AFX) - Symphony Plastic Technologies PLC said its Symphony Environmental Ltd unit has entered into a 15 year distribution deal with Saudi Arabia's Gulf Business Network Trading Company Ltd.

Under the terms of the deal, GBN will market Symphony's d2w degradable additive products exclusively in Saudi Arabia and will purchase atleast 2.43 mln usd of products from Symphony in the first year.

Thereafter, the volume of products purchased will increase by no less than 110 pct on the preceding year, Symphony said.

"Both GBN and Symphony are confident that the market for its product will rapidly develop in Saudi
Arabia as a result of increasing environmental pressures," said chief executive Michael Laurier."

SD

i have complete faith in the way this company is run,this is excellent news.hopefully a simliar deal for the us and far east.

Are you a shareholder,I have just bought some.This company deserves a higher rating IMO.Nice to see the Saudis going green ,finally.Their example should be followed by all the desert states.One question,does SYM's plastic degrade without water?
Ethel

Answer to my own question is YES.Apologies for my stupidity!
Ethel

sp gaining strength 3v2 evo on the bid they want your stock.

Well,they can have it when it reaches 30p!!

Have you seen the latest RNS today?

RNS Number:4830J
Symphony Plastic Technologies PLC
08 March 2005


8 March 2005


SYMPHONY PLASTIC TECHNOLOGIES PLC
Conditional 1.7 million Share Placing and
Notice of Extraordinary General Meeting


Symphony Plastic Technologies Plc ("Symphony" or "the Company"), the degradable
plastics company, announces that it is holding an Extraordinary General Meeting
"EGM" at 9:00 am on Thursday 31st March 2004, at Elstree House, Elstree Way,
Borehamwood, Hertfordshire WD6 1LE.

The purpose of the meeting is to approve a placing of 11,666,667 new ordinary
shares of 1p each, at a placing price of 15p 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.

Reasons for the Proposed Placement

The Board of Symphony believe that it is in the best interests of the Company
and its shareholders to replace funds that are currently tied up in court and to
finance the anticipated increase in levels of existing business as well as to
facilitate further expansion. The Proposed 1.7 million Placing will strengthen
Symphony's balance sheet and the Company will be well placed to meet the
expected high level of demand for d2w (R) totally degradable plastic products in
various markets and market sectors.



If you are a believer, BUY, I guess - DYOR