Symphony Environmental T... Share Discussion Threads

[neilrr] 23/6/2016 11:08

This 100 metre long barrier will do more in it's first week of operation to clean up plastic in the world's oceans than anything SYM or Michael Laurier have done in the past 15 years.

[robertnash2] 07/6/2016 09:26

neilrr one must be fair Laurier's quote in the 2015 Annual Report confirmed that "The Group has been working for some time on a number of high-profile projects for both its technologies and the Board believe these are progressing well." If PIA is one then I fail to think what the other "High Profile Projects" are. Supplying the International Space Station perhaps?

[robertnash2] 01/6/2016 09:18

bbd2 I think you missed the point!

[bbd2] 31/5/2016 19:50

They already have one - d2w

[robertnash2] 31/5/2016 09:36

bbd2 let's be realistic do you really believe the public care about which type of degradable product is being chucked? There is an obvious alternative....paper bags.
Nothing will change until the general public realise the damage that is being caused. Maybe SET should come up with "A Marine Life friendly product, they could call it m2f."

[bbd2] 27/5/2016 16:17

I suspect that has crossed his mind !

[neilrr] 27/5/2016 13:20

bbd2,

Is "influencing the BOD positively" a euphemism for "all resign"?

[bbd2] 27/5/2016 13:07

Someone needs to understand the difference between hydro and oxo biodegradable plastic properties before making silly comments with regards to temperature and SYM/Wells oxo products.

For comment about the UN report from last year, just look at the news section on the SYM website.

Still hopeful that Somerston is influencing the BOD positively here but it's a long process seemingly!

[robertnash2] 27/5/2016 09:46

shrout very interesting article thank you. As we all know SET's policy has always been a lot of spin bearing in mind they have no IP on d2w. We are all aware of the problem and to this extent I am surprised that the overpaid board especially their spokesman on these matters Mr Stephen has not responded.

[bbd2] 13/5/2016 16:50

Something leaked?

[robertnash2] 06/5/2016 19:55

neillrr as far as I am concerned that is the case.Does this Board deserve this sort of remuneration for continued failure and jam tomorrow scenarios. Had they had a modicum of duty to the long suffering shareholders they could have reduced their remuneration by 50% to reduce the loss imho.

[davidosh] 06/5/2016 16:01

I think they mean for 2016 which of course will not show in the 2015 accounts


The Group has been able to significantly reduce its ongoing operating and marketing costs, which are expected to show a reduction of approximately GBP750,000 in 2016.

-- The Board have reduced their fixed remuneration.


They are far too high overall considering the level of turnover and lack of profitability. I do not hold any shares in SYM but I do watch companies for excessive levels of remuneration as it is a disease that spreads through to even the good profitable ones eventuallly

[neilrr] 06/5/2016 15:58

Robert,

You're saying rather than reducing their remuneration they have actually INCREASED it & are, with weasel words, trying to give the impression they have lowered their pay?

That would be despicable.

Makes one wonder who is working for who here.

[robertnash2] 06/5/2016 14:38

Quote 20th April 2016 "The Board have reduced their fixed remuneration."
A good play on words, the only reason there was a reduction in Board Emoluments was due to the resignation of Mr M F Stephens. I am sure that he would still be receiving the same salary and pension contributions. In actual fact had MFS's remuneration been added the total amount would have been £889k and not £801k (2014- £870k) as suggested. Any comments?

[poftie] 21/4/2016 08:57

No indication of what fixed salary reductions have been agreed nor what benchmarks have been set for performance related awards - don't be fooled, there's still plenty of scope at the trough.
In the cost cutting I don't see any sign of a reduction in Board numbers - what does Michael Stephen contribute and is he indispensable? What does Nirj Deva do - after such a long time as a non-delivering non-Exec he must surely be surplus to essential need. Unless or until the Board, including Michael Laurier, are subject to significant culling there will continue to be total scepticism on the prospects for SYM.

[robertnash2] 21/4/2016 08:37

Chief Executives reviews – Laurier’s famous last words...what has changed over the years?
2015 Sales for the first quarter of 2016 are 8% higher than for the same period last year, and on a conservative basis for the full year the Board expects to achieve moderate sales growth whilst maintaining gross margins.
2014 Our expectations for 2015 and beyond are to deliver positive and meaningful growth.
2013 With the improved trading position at the start of 2013, the Group is confident of a stronger financial performance going forward, and are encouraged by the growing positive sentiment towards our products and technologies.
2012 We are pleased with the positive progress made, and are optimistic for a substantial increase in our future growth prospects.
2011 The current year has started well and in line with management's expectations. The Board is confident that further expansion will be achieved during this year and that long term debt will continue to reduce.

[begorrah88] 21/4/2016 06:55

Amusing to see they've thrown all the obligatory words into the results- strategic review, shareholder value etc

Same old, same old and called exactly right by robertnash [EDIT:sorry, neilrr not robert] regarding the 'late as possible = poor results'.

At least then they can do the 'but we're up for q1' schtick.

Like most companies they can say whatever they like about Q1 as it is not a hard accounting period and no detail provided.

[hounddog10] 20/4/2016 09:20

Seems like Somerston have got their claws into them to protect their investment. Some decent cost management being done at long last. Bit of a kitchen sinking exercise.

[tsmith2] 20/4/2016 08:33

Pigs at trough comes to mind