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......

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

can i ask a question this company that is takint them to court again
how big is it

i mean is 2mill enougth to buy it

just a thought

and it would be a good idea if its already in america and we need a distributor for our product

and its what id do

just an idea

This was the announcement on 11th October 2004

FURTHER DEVELOPMENTS IN THE HIGH COURT

Symphony Plastic Technologies plc ("Symphony") today announces an update regarding the ongoing claim against Symphony by EPI Environmental Products Inc (EPI).


As announced on 14 July 2003 the license agreement with EPI was terminated. EPI issued proceedings against Symphony on 25 February 2004. EPI claim thatSymphonyhave breached a number of agreements concerning EPIs degradable additives,namely that they constitutea breach of contract, passing off and misuse of confidential information.


In relation to a claim by Symphony for security for costs, a High Court ruling on 8 October 2004 has now ordered EPI to make a further payment into Court of 170,000 by 18 October, making a total of 330,000 paid into the High Court by EPI as security against Symphonys anticipated legal costs. No payment by way of security has been awarded against Symphony.


An application by EPI to adjourn the trial date was rejected by the Court. The Court awarded a proportion of the costs for this Hearing to Symphony specifically to reflect their disapproval of aspects of EPIs presentation. The balance of the costs from the Hearing will be treated as costs in the case.


Michael Laurier, Chief Executive Officer, said:


The date of trial is scheduled for mid November and we remain wholly confident that we will prove in Court the absence of any substance to EPIs claims. Symphony fully expects to see this matter through to a successful conclusion."


And this was the announcement about the court case on 21st December 2004

Successful Court Judgement


Symphony Plastic Technologies plc (Symphony), the degradable plastics company, announces that the judgement in the case brought by EPI Environmental Products Inc (EPI) against Symphony has now been handed down by the High Court in London.


The most important claim by far, that Symphony copied EPIs technology, was dismissed entirely, together with all but two of the other claims which were made. This leaves Symphony free to continue to exploit its own technology worldwide.


Of a total of eleven claims brought, two lesser claims were upheld, one relating to the return of documents will result in only nominal damages of 2, and the other, principally relating to the use of stock, remains to be assessed by the Court. Symphony does not anticipate that this will result in a significant amount becoming payable.


EPI was ordered to pay 85% of Symphonys cost on the standard basis.


Michael Laurier, Chief Executive, said:


The very favourable conclusions of the Court mark a very welcome end to months of uncertainty. We are grateful for the loyalty and support of our many friends, customers and shareholders during this trying time. We are delighted with this outcome and look forward with renewed enthusiasm to taking our business forward in the light of this clear and positive verdict



I can only suppose that SYM have costs tied up in the court case which they cannot yet get reimbursed as to 85% by EPI until either they have deceided not to pursue an appeal, or their appeal has failed. This could be some months away.

It does seem pretty clear that the cc is a non-material issue other than temporary cashflow, subject to what any appeal might bring - what is the normal time-limt to lodge an appeal, anyone know?

I can only see today's dip as a golden opportunity for those who know this company to top up. If I were a rich man . . . da-dee, da-di, da-di, da-di, da-di, da-di, da-di, dee

from the musical Dog on the Woof!

SD

I think it would have been nicer for SYM to have announced the new shares issue at the same time that they told us about the Saudi contract!!!
Despite the jolt in the sp it has held up reasonably well.Do you expect it to fall to 15p if the EGM approves the issue?
I bought on Monday(of course)expecting a nice rise for the week.I don't want to hang around for months while the sp moulders.
With this Saudi deal what currency will payments be in?
The rising Rand has knocked the African mining stocks this week,the re-valuation of the Malaysian cuurency could affect the price of palm oil.Everyone worries about receiving payments in USA dollars.I think we should pay more attention to currency considerations when investing in companies ,not just p/e etc.
Nice to hear your opinion,Stockdog.

To be fair ethel, with the recent announcemtn oof N. AMerican and S. Arabian deals, you might expect them to need some more working capital and 1.75m (before costs of placing) is not a lot of cash these days to service two major contract.

I believe they have now done their homework as to their real neds (cc news included) and whether debt or equity (or a mixture) is the best resource.

11.7m shares at 15p + 48.3m existing shares at 20p (? bid before announcement) = 60m at 19p. So the bid price is 1p below where it might be reflecting mild negative sentiment on the news - that's a 5% advantage on the price if you buy now before sentiment recovers.

Look at DDDI's option to buy 4m shares of the company at 30p this year and the proposed listing of DPPI on a N. American exhange (SYM owns 25% of this company) if you want to look forward to some good times to come.

SD