I have just read an article dated 17th October 2017 on the Symphony web site suggesting that "deadly" bacteria lurk in re-usable bags and could get on to food. As a microbiologist I can assure you that potentially pathogenic bacteria are everywhere and that this article amounts to scaremongering without any evidence that these bags carry a significant risk of food poisoning to users.
How can a company which claims to have scientific expertise produce rubbish like this which I would expect to read in publications like the Daily Express. I wonder how credible the science is at this company.
Used to follow this company many years ago but gave up on them. Came across them again last year. Could definitely be a case of in the right place at the right time. Haven't looked at them too closely yet so not invested here, but getting interested.
(MENAFN - Gulf Times) Plastics are among the most popular materials in use today. Given the material's versatility, it is little wonder that some 320mn tonnes of it are used around the world each year. Indeed, the recent holidays left many with a mountain of plastic products and packaging. But plastics also pose a serious environmental threat.
If not disposed of properly, plastics can lie or float around for decades. In addition to being harmful to terrestrial and aquatic life, free-floating plastics in oceans can adsorb toxins and break up into micro-plastics, which then enter the food chain.
It is this seeming immortality that has led governments to tax certain environmentally damaging plastic products or ban them altogether. Many governments are also encouraging better waste management, and the reuse, redesign, and recycling of plastic products.
This is prudent policymaking. But while taxes, bans, and waste-management policies will reduce the problem of plastic pollution, they will not solve it. And, because plastics are made from a byproduct of oil refining, a ban would have little or no impact on hydrocarbon extraction, either. What taxes and bans will do is deprive the poorest people of a useful and inexpensive material.
The fact is that, despite the best efforts of well-intentioned lawmakers and nongovernmental organisations, thousands of tonnes of plastic waste are still entering the environment, particularly the oceans, every day. Clearly, a better approach is needed.
Some governments and companies have been persuaded that 'bio-plastics which are derived partly from biomass like cornstarch are the solution. But this argument is flawed: bio-plastics are very expensive and energy-intensive to produce, and still contain large amounts of material derived from oil.
Moreover, recycling bio-plastics requires that they be separated from ordinary plastic. Such polymers are tested to biodegrade, but only in the particular conditions found in industrial composting. In other words, while this technology might sound appealing, it will not solve the problem of plastic litter seeping into the environment.
The focus of the plastics industry has long been on a product's functionality during its lifespan. This approach is no longer tenable. The world needs a new type of plastic one that will perform well, but will also biodegrade much faster than the plastics we use today.
Enter oxo-biodegradable plastic. Unlike other plastics, including bio-plastics, OBP biodegrades anywhere in the environment, and can be recycled if collected during its useful life. Ordinary plastic products can be upgraded to OBP with existing machinery at the time of manufacture and at little to no extra cost, using technology that the Oxo-biodegradable Plastics Association is working to explain.
OBP is produced when a special additive is mixed with a normal polymer. The additive (produced by a company where I am a director) dismantles the molecular structure of the polymer at the end of its useful life and enables natural decomposition in an open environment.
And, when it comes to OBP, decomposition doesn't mean breakdown into plastic fragments. As Ignacy Jakubowicz, a professor at the Research Institutes of Sweden and one of the world's leading experts on polymers, explains, when OBPs break down, the material changes entirely, with hydrocarbon molecules becoming oxygen-containing molecules that can be assimilated back into the environment. According to international standards (such as ASTM D6954), the use of OBP would demand proof of degradation and biodegradation, and confirmation that there are no heavy metals or eco-toxicity.
As plastics change, the ways countries integrate them into their economies must change, too. The good news is that, though the United States and Europe have been slow to embrace innovative solutions, others
If ever there was a company in the right place at the right time it is this one. Plastics are becoming the curse of the moment and everyone is crying out for (or will be forced into) biodegrable. The opportunities will come thick and fast and the future is bright.
Thanks Spankaroo. I was holding this for quite some time. Sold out this month. Your recommendation pushed me to sell...The other slightly negative point was that (if my memory serves me right, ) they got an ex-yell executive involved in some small way some time back...and I was not happy about that.
Well I have been proved wrong - the power of momentum trading!!! If I were the management, I would do a placing asap and take advantage of this massive spike. Obviously, valuing companies on fundamentals doesn't work with this one. Who owns the intellectual property? From what I have researched it isn't Symphony. I'm tempted to go short at these levels , as reality must eventually kick in. Crazy
Yes, can't argue that some profit taking after the recent long awaited progress isn't worthwhile, however it would appear that the years of research may be about to pay off and new product launches could easily justify a present cap of £15M
Look well up with events. Even if it managed a PBT of £0.25k that, that would put it on a PE of 60x. On a free cash flow basis, likely to be break even. I know the markets is crazy at the moment, but its going to have to sell a lot of its special ingredient to justify £15m mkt cap
eagerly awaited and i think worth the wait. margins up, revenues up, cost control and some jam for tomorrow. Was hoping for profitability but it's within a whisker. the half yearly results should hopefully consolidate the story as there should be some news on the JV.
A good decision to cut loose the tyre recycling albatross.
They have form for not giving trading updates prior to results in previous years. I'd like some more certainty but will just have to wait. Raw materials have come down and sales should have gone up with UAE ramping up plastic regs sharply a year ago
confess that I've put some money where my mouth is. It's quite a gamble based on "record orders" at the trade show in Oct and the anticipated benefits of tightened legislation in the middle east. the cash position is pretty tight though.
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