Symphony Environmental T... Share Discussion Threads

[breggsit] 23/7/2018 09:02

Here is the link to previous to my previous blog - hxxps://www.dw.com/en/eu-members-argue-over-plastic-bag-law/a-18070806

[breggsit] 23/7/2018 09:01

Here is a link to an article from 2014. It suggests that the EU's objection to SYM's methods to reduce global plastic pollution is politically motivated even before the UK voted to leave the EU.... DYOR

[aiming] 22/7/2018 22:35

from my knowledge short's on Aim are third party accounts, split % etc but you'll know that...

[neilrr] 22/7/2018 21:15

Ahh, the International Shorting Conspiracy once again conspiring to destroy a great British company. That'll be the reason.

Perhaps you could tell me what % of SYM is held by shorters?

[aiming] 22/7/2018 19:06

another post copied from LSE - looks like Friday was not all what it seemed ...

so where are we after Friday's events and are there any 'trading' aspects to be considered in the share price moves over the past couple of weeks and possibly going forward ?
One important factor that many are conscious of is that shares don't always go up or down simply on the number of buys or sells (a popular misconception) there can often be other factors at play particularly in between news releases, news (good/bad or even incorrect (!) news changes things, as we know)

The overiding view and suggestion from those closer to the trading desk was that after a meteoric rise from around 15p to 33p a short was in play ahead of any expected news, shorts of this size don't guess ime they are very aware of any upcoming news and often begin to close out steadily (over days or a week or two) before potential news arrives or the share price reaches a level that provides a great entry level and buying begins, So to avoid a spike and ensure they don't lose profits they will roll the trades back in gradually. The trading patterns of bock trades, that appeared to trade against any buying daily and a drop from 30p to 18p over such a short time frame with the position of the mm's being of note (Sing in particular ) all suggested the short was in play and as we neared the end of last week it started to gradually close out from 18p, the share price did start to show signs of rising quickly wednesday 21.5p (20% up from 18p !) maybe a little quick if you have £150k+ to buy back, maybe, who knows ?
Co incidently and I'm no conspiracy theorist, (but always pays to keep an open mind on Aim and when large money is at stake) we had the re run of the old ( approx a year or more old from memory) bbc news story focused on SYM who were given little or no notice as stated and the story was out, incorrect, mis leading, factually incorrect unsubtantiated evidence from a lay person as it turns out (not an expert qualified person) as stated in the following days RNS from SYM.
So that's an unfortunate co incidence or not depending on your position or view, anyway that's what happened, and in reality nothing has materially changed except importantly the share price dropped further on the day from 18p to 15p. A paper loss for many, a real loss for those who sold their holding who were in higher and on the face of it you'd imagine a 27% drop saw a huge sell off take place, you'd imagine .

The figures printed on LSE are never entirely accurate due to the mid price trades, however, it does provide a decent guide to what actually happened on Friday regarding buys v sells and if you look at the trades declared it provides an interesting read .... Trades 424 - Sold 1,992,840 and wait for it...... Buys 4,414,727

Has the short closed out in the storm ? The volume of buys was greater than sells, and the share price did not rise against this buying volume, interesting trading mechanics on a day that suggested a sell off but in reality was not what it appeared. Interesting week ahead ;-)

[robertnash2] 22/7/2018 08:53

Imho I consider this BoD is incapable of being totally transparent. (1) Why can't they confirm that OPA in reality a SET Plc company? (2) Why can't they give a proper list of members and not rely upon country flags which is the same for SET's website regarding Distributors. (3) Will the Deputy Chairman confirm that the original address for OPA was his London home in SE1 which was originally in the public domain. (4) There are to names listed at Companies House Michael Stephen - Director and Ian Bristow - Company Secretary. Unless they are more upfront (after 20 years of misdemeanours (please challenge) this share will be going nowhere. I had always hoped that this company would do well, they waste time employing a family member to run UK sales of £288k what profit do they make after salaries and expenses? The UAE and Saudi sales are being affected due to local production. Addiflex and Wells Plastics produce their own products which gives them an advantage against SET who buy the product from various master batch producers. I look forward to seeing some changes and more transparency if that is possible after 20 years?

[volsung] 22/7/2018 04:31

stokelmp I think you are being a wee bit naive if you think politically biased legislation is going to stop once we leave the EU 😄

[aiming] 21/7/2018 23:59

saw this posted and puts things in perspective, and addreses the mis info

worth a read on a Sunday :-)
for some FACTS

hxxp://www.biodeg.org/faqs.html

and as stated in the RNS the errors in some reporting relate to errors in the distiction between the various plastics - "oxo-degradable" plastic is NOT the same as "OXO -BIODEGRADABLE" plastic and that D2W plastic WILL FULLY BIODEGRADE and SYM produce the OXO -BIODEGRADABLE solution ;-)

hxxp://www.biodeg.org/page31.html

While the majority of countries in the world are still arguing about what to do for the best and doing little in the interim to tackle the problem. There are countries in Africa, Asia and the Middle East who have legislated to make oxo-biodegradable technology mandatory for plastic packaging and bags, - because it works.



Every nation is trying to adopt eco friendly practices and sustainable alternatives for the betterment of lives. Oxo Biodegradable plastics are one of the essential steps towards achieving the ‘go green’ concept.

Undoubtedly, biodegradable plastics are much safer than non-biodegradable products in terms of non-pollutant sources. This is all possible with oxo biodegradable plastics and there is no chance of producing of toxic chemicals and it's main advantage is its synthesis from all natural sources

[stokelmp] 21/7/2018 12:21

One could argue that the BBC media coverage is political - the BBC are pro EU who are lobbied by big multinationals.
SYM have been in the business for decades - I saw a demo on Working Lunch - and have undertaken scientific studies to satisfy customers d2w technology is legitimate.
SYM quotes on the 20/7/18 "Symphony's d2w technology was invented to accelerate the degradation process and reduce the dwell-time of plastic in the environment. Tests included successful exposure in seawater at the Bandol laboratory in France, and subsequent testing at Queen Mary University, London."
The fact the EU is doing tests isn't surprising as they poke their noses in everything and are a political organisation not a scientific one. When the UK leaves the EU they can ditch politically biased legislation.

[shirley83] 21/7/2018 11:44

Missing the point Burwell. It's oxo BIODEGRADABLE. Totally different to degradable plastic

[buywell3] 21/7/2018 11:10

Chartwise 10p might get tested on any more negative OXO technology news re fragmentation

Like another EU country banning it

[john henry] 21/7/2018 08:43

I sold out a little while ago, based on a technical move in the share price rather than fundamental. i really liked the story here, however after recent events a lot more homework needs to be done before re investing.

[beeks of arabia] 20/7/2018 23:39

So the serial disappointer yields it's disappointing fruit yet again.:)Back to 5p then? Or could this be the final curtain?

[heeley3] 20/7/2018 18:41

Other manufacturers were making OXO degradable additives to add to plastics before Sym came along and did a branding exercise on it. So far as I know the sym additive product is bought in from others.

[buywell3] 20/7/2018 16:26

Looks like Germany will follow Spain and France soon , OXO looks set for the chop


IK critical of oxo-degradable plastics

The German Association for Plastic Packaging
and Films (IK) has taken a critical stance towards “oxo-degradable plastics” by
publishing "Frequently Asked Questions (FAQs) about oxo-degradable
plastics".

The background to this publication not only stems from media reports but also
numerous enquiries from IK member companies and also from customers of
the plastics packaging sector. The topic is also of international importance as
there is already a legal ban on oxo-degradable plastics in France for example.

[buywell3] 20/7/2018 16:17

Spain to start charging shoppers for plastic bags
Source: Xinhua 2018-05-19 01:25:53

The Decree also states that as of Jan. 1, 2020, all plastic bags should contain at least 50 percent recycled plastic and that bags made of oxo-fragmentable plastic will be prohibited due to their impact on the environment.

[audigger] 20/7/2018 16:11

I would advocate that it is European government that lack knowledge; rest of the World lives closer to reality! I wonder where US EPA stand on the debate?

[jmf69] 20/7/2018 14:32

Don't care what the company say... microplastics do much worse damage and this solution is not the long-term solution. Governments outside Europe may adopt this due to lack of knowledge or ignorance but this technology is likely to cause more damage than good

[audigger] 20/7/2018 14:17

On the regulation front, it is at least encouraging that the regulatory agency is ECHA and not EFSA because EFSA are not known for rational scientific decision making whereas ECHA can be more rational. However, decision making on chemical regulation is not a quick process so I wouldn't be surprised if this is still under debate in 2 years time

[mattjos] 20/7/2018 14:17

I can only say thanks for the cheap stock to all

[nick_dunton] 20/7/2018 14:04

I managed to get out still wearing my shirt, just, at 19p, by setting multiple small vol stops with HL. None of my manual trades were going through tho either

[mattjos] 20/7/2018 13:27

good response from the company .. storm in a teacup this am

[kamitora] 20/7/2018 13:04

This morning I received a quote to sell SYM with Selftrade/Equinity immediately after the market opening. I rapidly executed and they didn’t honour the quote. They then began what has become an increasingly familiar behaviour (in my experience) of stating that they 'have been told to route this order to a dealer'. In almost 20 years of using online stockbrokers, I’ve never experienced such a sustained lack of execution availability as I have with Selftrade in the last year - and it's not been limited to just small caps and volatile situations.

I see from the order history that quite a few O-trades did go through this morning - often in much greater size than I was attempting. I think I need to move away from Selftrade/Equiniti. My question is - if you successfully sold SYM in size immediately after the opening, or consistently get reliable execution from your broker on stocks like SYM - who are you trading with?