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Not spectacular, but not that bad either. Treading water at the moment. Good to see the court case finally coming to a conclusion. Don’t feel confident enough to average down yet !
Agree with LAS and would also add that not all about EU court ruling. Sym have positioned well over recent years to be beneficiaries of regs changes in large markets of Saudi Arabia and India. Thankfully management have now adopted the more reasonable stance on communications of timing for the opportunities, which they should have done from the start. They don’t know and can’t predict timing. When the regs do come through both markets have the potential to transform revenues and profits!
I don't know about that. I could see quite a few thinking this worth a punt over next 2 weeks. Its been so bad for ages that the downside is limited but the upside if they win the EU case could be massive. A lot riding on the decision I think with a lot of deals being unlocked if they win. Not to mention the compensation if awarded which could amount to £100m+ by now (they lodged over £80m in damages 3 years ago I believe). At this price someone could make large multiple on investment in very short space of time so I think we'll see some speculation. I would buy if I wasn't already all in and underwater!!
No chatter needed, a company that is all hype and underachieving with most investors under water big time and little expectation of this changing.
So I expected a bit more chatter on here today after the update.
So my summary is: 1) Full year marginally up 2) H2 ~20% down 3) All approvals will take twice as long as expected 4) The only thing that will move this is the judgement by EU court on 31st Jan.
Yep. It’s not budged as far as I can see.
WTF on 2 trades and no RNS? Presumably a typo somewhere.
…..early in the New Year, I would guess.
The gravy train continues, toot toot !
It is certainly the third option extension. May even be the fourth. Absolute joke that the Nomad can determine it is fair and reasonable. Nothing in it for the shareholders.
Thought the decent thing would have been a trading statement in this morning rns not to put back the directors share options which are due for expiry.
About time they actually put their hands in their pockets and bought some themselves.
Santa rally over for SYM…
Interesting articles but, as HD 10 speculated, they appear to relate to a specific manufacturing process for a particular type of plastic (in the case of the Guardian article, by a specific manufacturer) not Symphony’s products. Whilst Sym’s products may not solve the problem of PFAS being produced by some manufacturer’s products (and that clearly needs to be addressed by those manufacturers/the Regulators) they clearly do represent solutions to a number of important problems resulting from use of plastics, not least the millions of tons of the stuff floating around our seas. If D2W was used more widely (and fortunately some enlightened counties have mandated use of such technology) any plastic that avoided recycling efforts and escaped into the open environment would rapidly degrade into harmless organic material (save perhaps for the persistence of PFAS chemicals if the manufacturer chooses to adopt the manufacturing process that produces them in the first place). I say perhaps because although I note that the thing about “forever chemicals” is that they don’t naturally degrade in the environment, it would be interesting to find out if the addition of D2W helps in that respect.
HD10: Thanks for the reply. A little more research : https://www.theguardian.com/environment/2023/jun/01/pfas-lawsuit-epa-plastic-containers-health-danger & https://analyticalscience.wiley.com/content/news-do/plastic-containers-can-contain-pfas-and-s-getting-into-food#:~:text=Research%20from%20the%20University%20of,are%20capable%20of%20leaching%20from
and you find they're unavoidable. So that's OK then 👍
Although, I don’t specifically know whether d2w has PFAS chemicals I would very much doubt it as (1) it is an additive into plastic (it might be the plastic has PFAS but that is a separate decision of the manufacturer outside the introduction of the additive); and (2)The Oxomar study, which looked at biodegradation of oxo bio degradable treated plastic in seawater, also concluded on toxicity saying there were no toxic effects.
https://www.biodeg.org/subjects-of-interest/agriculture-and-horticulture/the-marine-environment/
For d2p that has been approved by the US Federal Drug Administration for contact with food. The FDA operates to very strict standards and will have looked at any aspect of d2p that is harmful.
A valid question, worth pursuing , as one wouldn't wish to invest in a supposedly positive environmental product, only to find out it degrades into something toxic.
I'm sure it's creators must have contingency.
I would very much doubt it but why not ask the company if you are concerned about that?
Do d2p & d2w contain any PFAS chemicals ?
All quiet on the Sym front ! This will continue to decline unless there is some meaningful news in the near term. Another company with a great idea but just can’t get properly to market !
Well, just topped up by another £1k at 4p. Well worth the risk in my opinion at this price, but each to their own, DYOR etc.
AIM unloved at the moment and these are increasingly quiet trading days in the run in Xmas. Not the time to be trying to sell larger blocks of shares but this appears to be what’s happening. 170k share trade reported today and suspect that it is a sell. There may be more behind it keeping pressure on the price. No buyers here in this one until Laurier begins to demonstrate sustainable sales growth. Lots promised in the interims recently on growth but we’ve been here many times before - jam tomorrow. Hopefully he delivers this time but hope isn’t a great investment strategy.
Funding is a concern but I’m staying in on this one for now. Everyone is under water now no matter when you bought so it’s a difficult decision on whether to cut losses or not. Good luck to everyone.
I have said it quite a few times over the years but now i am absolutely convinced that it is just a gravy train for th cretins at the top to milk their salarys and pensions until the end the share holders have just facilitated this its been jam tomorrow for years hindsight wonderfull thing wish id followed my gut instincts and got out when still had a few quid in it live and learn and become more bitter and twisted to how corrupt the world is becoming
I am not so far under water, although bad enough, at 9.7p but personally I think you will eventually get your money back. The AIM market in general has been dire but will presumably pick up at some point and this company looks to me as if it’s not far away from break even and then profit.
Sorry to hear that Shatter, Fingers crossed for us both and anyone else that got on at the wrong time,
Ukismee… in the same boat or should that be sinking ship..! Never seen anything to warrant averaging down and have basically consigned this one to the bin.