Symphony Environmental T... Share Discussion Threads

[robertnash2] 14/4/2015 11:17

6 Directors’ emoluments totalled £874,000 in 2012 and £871,000 in 2013. If one assumes that the BoD knowing that the year end figures were not as expected despite continued hype and reduced salaries, benefits and pensions to say £500,000 (still overpaid)then a profit could have been established. The Remuneration Committee should be taken to task for allowing such gross mismanagement allowing directors to be rewarded for continued losses imho

[robertnash2] 13/4/2015 12:20

Disgusting results, Laurier cannot even be upbeat within the CEO report. Continuing to use SRT as a way of camouflaging the results. What happened to Janssens part of Johnson and Johnson?
Who is interest in Laurier speaking in New York or Michael Stephen having a jolly in Monte Carlo...no one save to say they are living it up on company funds.
Somerston must be somewhat annoyed as no doubt are the Hong Kong investor.
Met a Lady on the train to Winchester last Friday who to say the least was not impressed with the way she was handled by the UK side...not really surprising. Would the board like to challenge me on this point?
What has the boards remuneration been for the period?
Finally sack Laurier, Deva and Stephen as they prove time after time that they are not capable of bring the company to it's rightful position within the market place.

[chrisgail] 13/4/2015 08:58

I'm out, with my loss, after years of waiting..................

[poftie] 13/4/2015 08:38

It is an absolutely appalling reflection on the other Directors that Michael Laurier and Nirj Deva are still in office - this applies especially to the non-Execs. Deva isn't even a major shareholder and he contributes nothing.
Meanwhile, we must surely have reached the point where Mattjos can see how misguided his many enthusiastic postings have been - or has he got something in common with the rest of the board?

[tsmith2] 13/4/2015 08:23

As ever more Jam tomorrow...year on year out

[hounddog10] 13/4/2015 07:55

Unilluminating prelim. No explanation as to why revenue fell or clear update on projects previously announced.

[hounddog10] 08/4/2015 13:52

This time last year the year end results had been announced. Instead we get an investor show RNS. Wonder why...

[robertnash2] 08/4/2015 12:05

Mattjos I am the first person to wish this company well, however if I look at their RNSs and general announcements they are of no consequence whatsoever. The Market place and Shareholders are only interested in results and positive news and not jam tomorrow which unfortunately never seems to materialise.

[mattjos] 08/4/2015 09:06

On this occasion, I would agree with Robert. It's RNS-non but, not of interest and a waste of money to issue

[robertnash2] 08/4/2015 07:10

An RNS for a UK Investors Show is not what the shareholders want to know about. More dribble without substance. How about an RNS giving a trade update?

[hounddog10] 02/4/2015 13:30

I see an increasing number of articles such as Mattjos has posted and surely it is only a matter of time before plastic litter hits a climate change type moment and western politicians will be forced to do something about it. Hopefully this is where SYM will come in.

However, there is one aspect of d2w's technology that has always somewhat concerned me - being the period when the plastic is degrading (as opposed to when it is fully degraded). As I understand it when fully degraded the plastic becomes fully organic and so not a problem. However, as the molecular bonds break apart during the degrading process small flakes of plastic result which presumably may be eaten by birds, small animals and fish if they get to it before full degradation. So plastic gets into the ecosystem. Having said this I have not seen research to suggest that this is particularly harmful to wildlife. Anyone know if this is a problem?

[robertnash2] 20/3/2015 11:49

18 years of an overpaid BoD with losses virtually every year and no some people reckon due to new additions to the Board and an adviser that everything will be hunky dory. Unfortunately I do not believe this to be the case...prove me wrong and I will make a retraction.

[mattjos] 19/3/2015 22:24

For all the discussion on the oxy side of the business .. I think that causes people to lose sight of the other business elements that target just as big markets.What I see is an almost unique British company that has gathered together an attractive group of global distributors - if you like a 'pipe' through which to flow product.The challenge and opportunity is develop more products to flow thought the 'pipe' & I see them doing this. These products are mainly of the recurring revenue type. Once adopted, the sales should continue & enable the company to focus on economies of scale and further product development. It is still very early days but, the company is now debt free, with two key long term investors & a relatively new appealing corporate partner in the form of J&J. I think they are doing everything right .. The growth should come & so too profits

[poftie] 19/3/2015 13:42

Mattjos - if everything is as wonderful as you say, why have SYM performed so absolutely abysmally for the last 18 years, yes 18 years, that they have been trying to sell this technology?

[celeritas] 19/3/2015 11:49

Thanks Guys, i'll investigate further.

[hounddog10] 19/3/2015 11:14

Celeritas. The Michigan study tested degradability in landfill or being buried in soil and I think is correct that there is no degradability of the various types of biodegradable plastics in these conditions. Starch based plastics need special facilities to biodegrade and won't degrade in the open environment. Oxo degradable plastics like SYM's need oxygen so don't degrade without that (ie won't in landfill/soil) but crucially degrade in the open environment. Oxo is a response to the litter problem and esp the impact on oceans where of course it is almost impossible to collect the litter.

Personally I think it hardly matters whether oxo degrades in landfill. Western countries are moving towards incineration for collected rubbish - certainly the UK is going rapidly that way and countries like Germany, Switzerland and the Nordic countries have almost eliminated landfill. Emerging countries will eventually go that way as well I would guess.

I have some sympathy for SYM on this. It is difficult for them to get their message across because of all the conflicting research - which may in itself be right but equally may not address the problem SYM is trying to solve.

[mattjos] 19/3/2015 11:10

Celeritas, this is a good starting point for any research you might want to do:

[celeritas] 19/3/2015 10:55

Yeah I read that Matt, do sym have proof that plastics do degrade in the sea and around the streets?
Articles like mine above don't do companies like sym any favours.

[mattjos] 19/3/2015 10:41

SYM are predominantly targeting the waste plastic that is simply littered and blows around in the environment - where it is exposed to the air and will therefore break up as intended