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SYM Symphony Environmental Technologies Plc

4.00
0.00 (0.0%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Symphony Environmental Technologies Plc LSE:SYM London Ordinary Share GB0009589168 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.00 90,572 00:00:00
Bid Price Offer Price High Price Low Price Open Price
3.50 4.50 4.00 4.00 4.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics,resins,elastomers 6.15M -2.89M -0.0161 -2.48 7.17M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:59:20 O 1,514 3.78 GBX

Symphony Environmental T... (SYM) Latest News

Symphony Environmental T... (SYM) Discussions and Chat

Symphony Environmental T... (SYM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-08 15:59:213.781,51457.23O
2023-12-08 15:30:413.7823,667894.61O
2023-12-08 15:28:134.2023,667994.01O
2023-12-08 15:18:384.2015,000630.00O

Symphony Environmental T... (SYM) Top Chat Posts

Top Posts
Posted at 09/12/2023 08:20 by Symphony Environmental T... Daily Update
Symphony Environmental Technologies Plc is listed in the Plastics,resins,elastomers sector of the London Stock Exchange with ticker SYM. The last closing price for Symphony Environmental T... was 4p.
Symphony Environmental T... currently has 179,251,277 shares in issue. The market capitalisation of Symphony Environmental T... is £7,170,051.
Symphony Environmental T... has a price to earnings ratio (PE ratio) of -2.48.
This morning SYM shares opened at 4p
Posted at 01/11/2023 18:39 by beeks of arabia
Super outburst Z1co, although sadly you forgot to say my dad is Jimmy Saville again, so you only score 6/10.Can I ask what you'd like me to post on the CLCO thread that a) will make any difference to the price and b) hasn't been said already? It might surprise an irksome little chancer like you but some of us have an interest in our investments and long term view. Maybe 1 day you'll own an amount in a company that on trading could meaningfully move a share price, although I doubt it.Ho hum.
Posted at 18/10/2023 18:15 by swiss paul
Hmm things are getting bad again - but ...... ta da. A rescue group has been formed and funded.
Mrs Lauriers winter coat fund has been secured - hoooray.

We can all rest in our beds tonight knowing our glorious leaders spouse will not be cold this winter.

All Hail - Sea Pearl

£1.0 million Convertible Loan Agreement

Symphony Environmental Technologies Plc (AIM: SYM), global specialists in technologies that make plastic products "smarter, safer and sustainable", is pleased to announce it has entered into an additional convertible loan agreement ("Loan") with Sea Pearl Ventures Limited ("Sea Pearl").

Key terms of the Loan, are similar to the previous £1.0 million convertible loan announced on 13 March 2023, namely:

· Loan principal: £1.0 million (unsecured) to be drawn down as to £500,000 immediately and £500,000 on or before 31 March 2024

· If not repaid on or before 30 September 2024, conversion on that date

· Conversion price: 80% of the volume-weighted average share price for the 3 months prior to 30 September 2024

· Interest: 7% per annum, payable as accrued on repayment and/or conversion

· Repayment of the Loan, in full or in part solely at Symphony's discretion


The proceeds of the Loan will be used to strengthen the Group's cash position for ongoing working capital purposes and will further support the Group to deliver on its many commercial opportunities.

Also, the current £1.0 million convertible loan, announced on 13 March 2023, has been amended so that the term of that previous loan is now co-terminus with the new Loan, terminating on 30 September 2024.

Sea Pearl is based in the Bahamas, and is currently interested in 17.4% of Symphony's issued share capital. Accordingly, Sea Pearl is considered a substantial shareholder under the AIM Rules and provision of the Loan being a related party transaction. The board of directors of the Company consider, having consulted with the Company's nominated adviser, that the terms of the Loan are fair and reasonable insofar as the Company's shareholders are concerned.


Hmmm - strange that I don't remember agreeing to this being 'fair & reasonable'. Anyone else get tapped up?
Posted at 11/8/2023 11:09 by z1co
After a very strong run from 6.75p to 9.25p in just over 4 weeks the shares are likely to pullback slightly to due profit taking.

I have also sold out this morning for a decent profit but will buy the shares back again before the interim results.

The share price will be significantly higher in 6 to 12 months as the recovery gathers pace in 2024.

btw,

Look at that clueless moron fat Beesky posting like mad man,a complete tosspot.

Idiot the shares have had a strong run and it's normal for a slight pullback before the next leg up.
Posted at 10/8/2023 06:39 by z1co
Beeksy the pathetic clown has got the nerve to post again on this thread having made a complete fool of himself by continuously posting that the share price will collapse.

The share price closed yesterday at 9p which was highest since April.

No one will take you seriously on this thread after you failed miserably with your prediction.

Why don't you hiss of to Arabia you complete fool.
Posted at 09/8/2023 14:20 by z1co
At least the rise in share price got rid of that pathetic Beeksy.

He's made a complete fool of himself by constantly posting that share price will fall.

A few his pathetic posts before he deletes them:

================================================================================
Beeks of Arabia7 Aug '23 - 16:24 - 7192 of 7201
0 2 3
A reminder that if you bought anytime in the last few days, you still haven't beaten the spread. Don't get caught out by the rise as no one is "up" yet.

This will resume it's downtrend shortly, don't listen to inbred Z1co

================================================================================
Beeks of Arabia7 Aug '23 - 17:54 - 7196 of 7201
0 3 4
Watch this sink tomorrow.
Posted at 08/8/2023 20:57 by z1co
So far in H2 the share price has been very strong.
Highest close for more than 3 months.

As the recovery gathers pace so will the share price.
Posted at 20/7/2023 07:45 by z1co
The business is experiencing a lot of positives this year after a few years of various problems and this positivity is already beginning to reflect in the share price.

The noises coming from the CEO after the full year results regarding the outlook for 2023 and beyond were very upbeat.

Once the company updates the market regarding their H1 the share price will take off.
Posted at 15/7/2023 11:10 by z1co
9 March 2023

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony," the "Company" or the "Group")

USA d2w market update -

Better Earth signs exclusive supply agreement with TricorBraun

Symphony Environmental Technologies Plc (AIM:SYM), the global specialist in technologies that make plastic and rubber products smarter, safer and more sustainable, is delighted to announce that its USA distributor of d2w biodegradable plastics technology for nutritional supplement bottles, Better Earth LLC ("Better Earth") has signed an exclusive supply agreement with TricorBraun for its BioBottles(TM) brand of polyethylene bottles for the nutraceutical industry (the "Agreement").

TricorBraun is a global packaging company, and North America's largest distributor of primary packaging. It operates from more than 100 locations across the Americas, Europe, Asia, and Australia. TricorBraun sold over 8 billion containers in 2022 and is working jointly with Better Earth, supporting its exclusive Agreement with a sales and marketing campaign in the US and Canada.

See

Symphony entered into a two year exclusive USA-focused, d2w supply contract with Better Earth in February 2022. Better Earth subsequently launched its nutritional supplement bottles, caps, and scoops using Symphony ' s d2w biodegradable technology under Better Earth ' s BioBottles(TM) brand "Plastic IQ(TM) Technology". In November 2022, Symphony and Better Earth entered into a supplementary d2w supply contract extending the product scope to nutraceutical products, and expanding authorised geographies to include Canada.

Michael Laurier, CEO of Symphony, said:

"I am delighted to report that sales of d2w to our strategic partner Better Earth are expected to increase significantly in 2023 and beyond. Working with partners such as Better Earth and - by extension - with global packaging leader TricorBraun - Symphony is well placed to capture a share of the US and Canadian bottle markets, with additional verticals in the bottle market still available to target."

"More generally, partnerships such as these speak to an increased awareness in key markets of the efficacy of our d2w biodegradable technology. "

The owners of Better Earth, Adam Ackerman and James Van Brocklin, said:

" Our mission is to develop technologies that turn ordinary plastic products into earth-friendly materials at the end of their useful lives and we plan on doing this one product at a time. That ' s why we are delighted to be growing our commercial relationship with Symphony. By incorporating Symphony ' s d2w biodegradable technology in our BioBottles(TM) we are able to deliver positive change in the bottling industry and look forward to delivering sustainable bottling solutions for our key customers such as TricorBraun."

Rosalynd Resendiz, Vice President, Supply Chain, TricorBraun said:

"We are focused on offering sustainable packaging options for our customers-solutions that help protect both our customers' products and the planet. We are pleased to partner with Better Earth and Symphony to deliver a sustainable yet cost-effective solution."
Posted at 15/7/2023 11:06 by z1co
Financially 2022 was a very poor year for the company revenue decreased whilst losses increased and as a result the share price fell from a high of 25p in January 2022 to a low of 6.75p in May 2023.

The company is trading a lot strongly so far in 2023 compared to 2022 and when this is confirmed in the H1 trading update this month the share price will start to rise again from the current low levels.

The supply agreement with TricorBraun for it's d2w BioBottles announced on 9th March 2023 will also contribute strongly this year.

Middle East manufacturing and sales on plan
Global sales increases in most sectors including d2w and d2p
Administrative cost base now set 25% lower than 2022 levels
Distribution costs significantly reduced due to generally lower shipping rates and efficiencies from the Middle East factory
Gross profit margins currently approximately 5% higher
Posted at 19/11/2021 14:06 by swiss paul
MAJOR EXPANSION INTO INDIA


INDIA Here we come.
Symphony Environmental Technologies Plc (AIM:SYM) global specialists in technologies that make plastic and rubber products "smarter, safer and more sustainable" is delighted to announce a strategic alliance with a team of specialised and experienced people in India who understand the culture and business requirements of a country with 17.7% of the world's population.

Symphony Environmental Limited ("Symphony UK") a wholly owned subsidiary of the Company, has therefore entered into an agreement to form a joint venture ("JV") company in India with Indorama India Private Limited ("Indorama"), a wholly owned subsidiary of Indorama Corporation Pte. Ltd., ("Indorama Corporation"). The JV company, called Symphony Environmental India Pvt Ltd ("Symphony India"), will have an initial share capital, the equivalent in Indian currency, of GBP 100,000. The shares of Symphony India will be held 46.5% by Symphony UK, 46.5% by Indorama and 7% by Mr. Arjun Aggarwal, an Indian citizen, who has been appointed Managing Director of Symphony India.

Mr Aggarwal is one of India's prominent young entrepreneurs, who has introduced a portfolio of modern technologies that are in line with the aspirations of India's young demographic profile.

Symphony UK has awarded Symphony India an exclusive Distribution Agreement to market and sell Symphony's d2w and d2p masterbatches in India. Symphony India will also be promoting the importance of Symphony's scientifically-proven d2w technology to protect the environment, and its d2p technologies to protect human health. The parties are already preparing an active programme of media communications and direct selling.

The use of plastic in India is increasing because it is the lowest cost option, and is by far the best material for protecting food and water from contamination and preventing food waste and disease. However, India also has an environmental problem in common with most of the world with plastic pollution. Trying to ban plastic is not the answer, but using d2w technology could effectively and significantly reduce the issue of plastic pollution without job losses, factory closures or increases in Co2 emissions. In future, if d2w enhanced plastic does escape into the environment the plastic will safely biodegrade instead of lying or floating around for decades and creating microplastics.

The products sold by Symphony India will be produced mainly in India, under licence from Symphony UK, as this will be both cost-effective and environmentally-friendly. The parties have negotiated a Manufacturing and Product Development Agreement with the Bihani Manufacturing Company Ltd., ("Bihani") in New Delhi, who have been supplying Symphony UK for nearly ten years. Their manufacturing facilities have been and will continue to be audited by Symphony's Technical Dept.
Michael Laurier, CEO of Symphony said: "For the Group to expand successfully in India it was essential for us to form an alliance with a strong Indian partner. We have no doubt that Indorama is the right partner, as it is a substantial company well respected in India, with the right commercial credentials. This is an expansion of our current activities in India and we consider the Indian market to be ripe for significant sales growth."

Amit Lohia, Group Vice Chairman of Indorama Corporation, said: "Protection of the natural environment, and the health and safety of the people are very important objectives in India today, and Symphony's technologies will help to address those objectives."

Arjun Aggarwal, MD of Symphony India said: "The formation of a Joint Venture company in India is an important milestone for both Symphony and Indorama. It will lay the foundation of a truly Swachh Bharat (clean India), the vision of our Prime Minister Narendra Modi. Plastic biodegrading automatically will ensure that our planet's newest continent - plastic waste - does not grow any further."

Jaideep Bihani, Director of Bihani said: "Innovation and sustainability have always been an integral part of Symphony's portfolio, and Symphony's tried and tested d2w products resonate with the Indian Government's vision, initiatives and policies. At the same time, d2p masterbatch technology will change product conception and design in agriculture, food packaging, healthcare, and many other applications. We will be working closely with Symphony India to ensure efficiency and maintaining the high standards of quality set by Symphony UK."
Symphony Environmental T... share price data is direct from the London Stock Exchange

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