I think we will see a dip here for a while as investors bag their profits, it has after all been quite a ride. The overall momentum IMHO is still up. So I'm staying in as I feel even better times are yet to come.
They are woeful.
Entered into a memorandum of understanding to acquire one of Symphony's existing European distributors. Whilst there can be no guarantee that the acquisition will happen, if it did proceed it would provide Symphony with 2.5 million of revenues primarily into the French major retail market. This investment would also be funded from existing resources. FFS - you don't start taking on distributors - unless your in the distribution game. Its not core business. That is old school thinking.
Wooly and I expected more revenues than this. Old style management - needs to be taken out and brought into the 21st century.
Am not impressed, especially with all the PRF that has been surrounding the issue of plastics. If this is the best they can do with a fair wind and free PR - then gawd help us if competitors come in.
An expensive RNS, does the company secretary not understand how these things work:
WHAT IS RNS REACH?
No ordinary newswire, RNS Reach is a high-profile investor communication service aimed at assisting listed and unlisted companies to distribute non-regulatory news releases such as marketing messages, corporate and product information into the public domain. RNS Reach is based on the existing RNS UK-Regulatory service and has the same levels of efficiency, control and broad dissemination.
RNS Reach enables unlisted and foreign-listed companies to deliver their news to both a private and professional investor audience. Announcements are released automatically on the London Stock Exchange corporate website (Market News section) and are tagged as RNS-R in the Source column of the Market News service of the LSEG website, as well as on a variety of other information vendors including RNS RCS on Thomson Reuters terminals and as RNSN <GO> on Bloomberg.
WHAT TYPE OF ANNOUNCEMENTS CAN APPEAR ON RNS REACH?
The type of announcements published by RNS here are:-
· Intention to Floats on AIM (main market is Regulatory)
"Symphony Environmental (LSE:SYM)For some reason, the word "environmental" has adopted similar cache to "health and safety", essentially suggesting something open to debate and ridicule. However, LSE:SYM:Symphony Environmental's share price ..."
" SYMPHONY ENVIRONMENTAL (LSE:SYM) For some reason, the word "environmental" has adopted similar cache to "health & safety", essentially suggesting something open to debate and ridicule. However, Symphony' share price movements are interesting ..."
Intellectual Property means any patent, copyright, design right, trade mark or any other form of intellectual property right (whether registered or unregistered), any application (or the right to apply) for such intellectual property right, and any rights in relation to intellectual property rights and/or in relation to trade names, company names, domain names and any rights in respect of trade secrets and/or confidential information;
11 LICENCE OF INTELLECTUAL PROPERTY
11.1 Symphony hereby grants to the Buyer a non-exclusive licence to use Symphonys relevant Trade Marks on Goods and on articles manufactured using the Goods provided such articles are properly manufactured in accordance with the manufacturing instructions and technical data sheet, and in accordance with information provided on the Technical Enquiry Form. Notwithstanding the foregoing, Symphony gives no representation or warranty that any such Trade Marks may lawfully be used in any country, and Symphony is not bound to indemnify the Buyer or the Buyers customers in respect of any claim arising out of the use of such Trade Marks.
11.2 The Buyer shall procure so far as possible that articles made using any Goods shall bear the Trade Mark corresponding to such Goods together with any words specified in any style guides as provided by Symphony from time to time.
11.3 The Buyer shall consult with Symphony to ensure so far as possible that the wording or graphics on any label or advertising or website does not contravene any green claims code or any legal requirements, regulation and/or best practice guidelines that apply to any of the Goods (or articles incorporating the Goods) that have been prescribed by any relevant legal, regulatory or industry association. The Buyer acknowledges nevertheless that Symphony are not experts in laws, and any advice which Symphony may give on such matters is given without legal responsibility. The fact that Symphony may have made or authorised wording or graphics on any label or advertising or website is not a representation that the same may be used by the Buyer. The Buyer should consult its own lawyer practising in the place where the Goods are to be sold or used.
11.4. The Buyer shall provide Symphony with samples of any articles on which any Symphony Trade Mark appears no less frequently than every 6 months, and prior to the launch of any new or modified article on which any such Trade Mark appears.
11.5 The Buyer shall not except as provided herein:
11.5.1. use or permit the use of any of the Trade Marks in any way which might prejudice their distinctiveness or validity or the goodwill connected to the Trade Marks or the Goods;
11.5.2. use or apply to register any trademarks or trade names or company names or domain names so resembling any trade mark or trade name or company name or domain name belonging to Symphony (or any of its Affiliates) as to be likely to cause confusion or deception. If nevertheless the Buyer applies for or obtains or has applied for or obtained any such mark or name, it shall hold the same on trust for Symphony and shall on written request by Symphony, execute an assignment thereof without payment in such form as Symphony may specify.
11.6 Except as otherwise provided in these Conditions, the Buyer shall have no rights in respect of any trade names, company names, domain names or Trade Marks used by Symphony in relation to the Goods or of the goodwill associated with them, or any other Intellectual Property of Symphony in respect of the Goods, which shall remain vested in Symphony. Any goodwill in such names or marks which the Buyer derives by use thereof, or by being connected with Symphony in the course of trade (whether arising at common law or otherwise), sh
Why aren't these shares doing anything in this plastic sensitive era we're in now. Biome are motoring ahead, and we're just treading water. I got out of Biome when they were Stanelco, as I thought we had the better technology. What's gone wrong! or is it bad management....
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
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