Polymer Log. Share Discussion Threads

[reviva] 30/10/2007 19:19

Has anyone noticed that their whopping dividend of the last few weeks has been taken back and a new pittance of a dividend was sent as a replacement. Thought it was too good to be true.

[cyberbub] 29/10/2007 11:53

encouraging pressure form the government, but still the share price drops!

always remembering of course that POLL operates across many countries, and other countries may not necessarily be putting so much pressure on supermarkets to reduce packaging. though given how poor the UK govt is on these matters, most other countries are probably ahead of us!

[stegrego] 25/10/2007 23:12

Supermarkets 'must cut packaging'

Leading supermarkets in the UK are still using too much packaging, with up to about 40% of it unable to be recycled, a report has suggested.
The study, by the Local Government Association, warns that Britain will miss recycling targets if big chains do not cut back on packaging.

Its report, which looked at a basket of 29 common grocery items, found that Lidl products had the most packaging.

And Marks and Spencer (M&S) used the most non-recyclable materials.


Asda, Morrisons, Sainsbury's, Tesco, a local retailer and a market were also included in the study.

'Efforts hamstrung'

An average of 5% of the total weight of the products bought for the study was made up of packaging, the LGA said.

And the local market and a local retailer had the most packaging which could be recycled - both at 79%. This compared with just 60% at M&S.

Chairman of the LGA's environment board, Councillor Paul Bettison, said that the public were working hard to increase the amount of recycling that they did, but that retailers were not always making things easy.

"Their efforts are being hamstrung by needlessly over-packaged products on sale in supermarkets," he said.


HOW MUCH PACKAGING COULD BE RECYCLED?*
Local market - 79%
Local retailer - 79%
Asda - 70%
Sainsbury's - 70%
Morrisons - 68%
Tesco - 62%
Lidl - 61%
M&S - 60%
Based on sample of 29 items Source: LGA

"We have to question the necessity and desirability of shrink wrapping vegetables like peppers and broccoli."

Head of corporate social responsibility at M&S, Mike Barry, said that the firm had set clear targets to reduce its packaging and to only use materials that could be easily recycled or composted.

"While we've made good progress over the last 12 months, we know there's still much more yet to do in both areas," he said.

"Almost 70% of our packaging is recyclable across the majority of local authorities.

"A further 20% could also be recycled if there was a more consistent approach to recycling across the UK. We're working with local authorities to help address this."

A separate report, published last week by the National Consumer Council (NCC) said that UK supermarkets had gone "greener", but still needed to do more to help customers reduce their environmental impact.

The NCC said chains must further cut plastic bag use and recycle packaging.

They were also urged to increase the amount of organic and locally-sourced food on their shelves.

Story from BBC NEWS:

[cerrito] 25/10/2007 18:17

Today's news that the govt is not going to tax waste produced by households will it seems to me move the spotlight on reducing the amount of waste that the major retailers/supermarkets produce and should in theorey help the likes of POLL

[fuzzle] 16/10/2007 16:01

yay! got my divi - about time too!

[fuzzle] 13/10/2007 19:40

It was announced in the results RNS statement:

"Maiden interim dividend

In the Admission Document dated 7 December 2006 it was the Directors' stated
intention to pay a nominal dividend in the financial year ending 31 December
2007. Management is confident about the medium term opportunities for the
Company and the cash generative qualities of the business. Accordingly, the
Board is pleased to declare a maiden interim dividend of Euro0.40 cents (0.271p)
per ordinary share which will be paid on 5 October 2007 to those shareholders on
the register at the close of business on 14 September 2007. It is the Board's
intention, in the absence of unforeseen circumstances and subject to the
Articles of Association, that the interim dividend will represent approximately
one third of the full year dividend payment to shareholders."

Oddly enough - I havent received the divi yet :(

[reviva] 13/10/2007 19:25

Did anyone else owning this stock receive a dividend placed in their account on Oct. 5......I did in two of my accounts holding this stock, but no announcement was made.

[nfs] 03/10/2007 18:47

for a small company without yet having knockout results I can see why the rating is low-the recent announcement is thus a good thing if you believe in the medium/long term story as the share price is inviting
As I'm new into this, the contract values going forward seem very good to me so intuitively there should be profits ramping up as shown by the EPS forecasts-are they already delivering per these contracts or are they yet to start?

[cyberbub] 27/9/2007 16:52

Er, ADVFN says that there have been 4 million shares sold today - (a) why hasn't there been an RNS, this must be an instituion, surely it will drop them through the 5% or 3% boundarym and (b) why hasn't the share price plummeted again??

[wjccghcc] 10/9/2007 21:35

I think there are other companies to be more bearish about. The story here hasn't changed - the demand and opportunities are as great or even greater than before. They're cashflow positive, Italy's trading ahead of expectations, they have good visibility of revenues, and the demand for waste-free/labour saving packaging is only going to increase. All that's happened is that one contract has been delayed by 5 months which has reduced this year's earnings by 10%. Yes I'm long from 70p.

[matt] 10/9/2007 13:14

Surprised to see this holding with the sell volume. Selftrade have 15,000 on the buy with just 750NMS on the sell. Yes, I'm bearish on these short term.

[matt] 08/9/2007 11:44

Also worth noting ADVFN Mk Cap is wrong. It says £15m when it should read £56.5m (77.4m * 73p)

Weighted average number of shares used for computing basic earnings per share 77,462,083
Weighted average number of shares used for computing diluted earnings per share 79,422,402

[wjccghcc] 08/9/2007 09:43

Perhaps but it seems the other US contracts are on schedule so the FY EPS of 6.1p should be in the bag. Really the only uncertainty is Walmart, which impacts next year. However, all the costs of the US infrastructure are incurred this year so there should be a big ramp up in profit next year even without new contracts.

I suspect this will go the way of many fast growing small caps who have a temporary hiccup in their growth (STF springs to mind) in that the share price stays in the doldrums for 1-2 months and then bounces back strongly as people start looking forward again. After all, they're profitable, have positive operating cashflow and are in a compelling niche.

[matt] 07/9/2007 12:57

I should have said. Yes I'm out and I doubt this is the bottom unless someone gives them positive PR. Based purely on my experience of other illiquid stocks where even my small trades move the price at times.

[nurdin] 07/9/2007 11:56

I presume you are out Matt and talking it down to pick them up cheaper?

[matt] 07/9/2007 11:51

Without positive coverage I see this drifting on the uncertainty of contract starts. It was evident yesterday morning when the online NMS dropped to 150 to sell the MM didn't want stock and even earlier today it was just 750. Looks like even a trickle of PI sells will move this down.

[wjccghcc] 07/9/2007 08:41

Revised forecast from Collins Stewart is 6.1p for the year ending Dec rising to 11.3p for 2008. Puts them on a current year PE of 12 with a fwd PE of 6.5. Certainly cheap provided the US contracts get underway on schedule.

[matt] 07/9/2007 08:33

Would be good to see these drift down towards 50p and then become great value : )

[slapdash] 06/9/2007 13:59

looks like this was hyped to float... slap

[stegrego] 06/9/2007 09:38

I very nearly bought at 90p+, so getting in at 72p ish seems a bit of a billy bargain to me...

Course im usually wrong so...!

[shanklin] 06/9/2007 09:34

Mine is one of the 10k buys at 72.014p :-)

Better do a bit more research now

Cheers, Martin