Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: shatter, 17 Jun 2024 12:40
Last post: shatter, 17 Jun 2024 12:40
‘Jam tomorrow’ very aptly covers this company. Sitting on a massive loss so will just leave the remainder. The bread packaging seems to have stalled ? Lots promised but little delivered. Live in hope !
Started: TroytoTiber, 6 Jun 2024 20:37
Last post: Hounddog10, 7 Jun 2024 12:18
Laurier got a 18% pay increase last year, Bristow 10%.
Me too. it seems jam tomorrow for ever. still i have very little invested here. so will leave as is and live in hope. miracles do happen
Jam tomorrow.. And I wish I had a grand for every time I've said that over the last 5 years..
I too will stay invested here ...and indeed have averaged down a bit here recently too.. and might do a bit more averaging down as we go too.. as I still believe - aka hope - this will come good in due course.
Snuck out mid afternoon today. I can save you the bother of reading it…says more delays to pre commercial trials and regs enforcement. Some orders slipped into next financial year etc but the board have confidence in the short to medium term outlook. Revenue uplift coming in H2 of this financial year.
To be honest the whole statement reads as if even the board have got tired of hearing themselves say the same old stuff every time.
Anyway, here’s to H2. I’m staying invested in this one due to my ineffective investment strategy of hope.
Started: Retals, 18 May 2024 21:02
Last post: Ctw2014, 20 May 2024 18:46
I think part of the problem is lack of understanding in the market place and a lack of will in some quarters (Govts and manufacturers) to address the problem. It makes no sense, for example, that some middle eastern countries have legislated to make the use of D2W type tech mandatory, whilst western governments have not. However, I believe progress is being made given that they have signed the like of Grupo Bimbo and others. Once these start to scale up we should see the effect starting to hit the bottom line. Overall, I am optimistic personally.
I’m starting to doubt just how great these products actually are! Or is this a management problem in that they are unable to get the message across and deliver sales. The recent court case has perhaps closed a lot of markets. Intentions are good but delivery is dire !
A year ago the tune being played was lots of things in the pipeline news coming a bright future ahead....
Started: shatter, 7 May 2024 20:16
Last post: shatter, 7 May 2024 20:16
The bod need to extract the finger and do something meaningful before this goes fully down the plug hole..
Started: jcb-55, 28 Mar 2024 19:44
Last post: jcb-55, 28 Mar 2024 19:44
I'm not sure this was a good primary bid offering. I received an email notification however I was not able to subscribe either by the primary bid app or my broker ii. So that might explain the low interest.
Started: Midgemagoo, 22 Mar 2024 09:11
Last post: Artji, 25 Mar 2024 16:40
Yep, you were right, Troy.
Sorry did not see earlier post.
It is a stupid mistake. If he had sold in advance of buying there would need to be two PDMR notifications. The sale and the purchase.
They must correct it though.
I’ve had confirmation from the company that the RNS is misstated and the connected persons disclosure should state a stock purchase.
Just an irritating typo imo. Not plausible that he could have sold at 3.5p at that time.
Started: shatter, 22 Mar 2024 13:30
Last post: shatter, 22 Mar 2024 13:30
The extra capital will give Sym a bit of breathing space. The fact that they have been able to raise funds at a premium is a good sign. Always jam tomorrow and quite a ways to go before break even for moi ! Onwards and upwards, hopefully..
Last post: TroytoTiber, 22 Mar 2024 09:10
Michael Laurier also buying. When I’ve spoken to him in the past he’s stated that he doesn’t believe in the signalling power of directors stock purchases as there is too much day trading that effectively cancels out this signal. So I read the fact that he is buying now as more an indication that of growing confidence that he will make good money on his investment in the short term.
Can still buy in open market for around 3.2p so can’t see the retail offering getting taken up at this rate.
I’ve been too optimistic (obviously) on the share for so many years now but might as well continue. Quite a lot of detail in the rns on outlook and chance to delve deeper into the details of some of it in the company meeting later. My money still on share price moving up over next 12 months and potentially significantly up if India d2w approvals come in and full reg changes happen in Saudi.
A real rollarcoaster this one.
Amazing.
Frustrating to still be reading about seemingly endless delays in regulatory developments and pre commercial trials/testing etc. but this is a good outcome to bridge financing until some of these opportunities begin to land.
Several transformative opportunities so just needs one of these to come through and shares will be meaningfully higher from here.
MMs want shares, but will have to push the bid higher to get them.
To think this used to be 30p+
Started: Moab, 13 Mar 2024 08:54
Last post: mornington-oz, 22 Mar 2024 07:45
2 x RNS
He does mention it...
" Furthermore, it is resonating with several of our current prospective d2w customers in the Americas which we hope will accelerate d2w sales over the medium term."
I guess we will have to wait for the Preliminary Results to see how we are doing.
EU aside, SYM aren’t even selling big quantities of d2w in the Americas!
It’s a very strange RNS . Go tell the customers direct as they won’t be reading RNSs from SYM.
He wouldn't have needed to highlight the report if the EU weren't such a self-serving bunch of idiotic bureaucrats.
"SYM wishes to highlight the important 2021 report from the US Environmental Protection Agency"
Why now FFS, just 3 years after publication? What a a dope of a CEO.
Started: TroytoTiber, 12 Mar 2024 19:19
Last post: TroytoTiber, 12 Mar 2024 21:07
Hold them to account
seeking some kind of reassurance in the absence of any updates from the management team at sym i read back through some old trading updates. the adage jam tomorrow is obviously well used in connection with sym but the scale of non delivery is quite staggering. even chance alone would land at least one of the many big ticket sales growth opportunities.
i still therefore find it hard to believe that a group of people can be this incompetent. here’s an extract from an update a while back on the opportunity for india and d2w…
based on current enquiry and order activity, sales of d2w by symphony india are expected to increase to levels of over £250,000 per month from early 2023. further investment is being made by symphony india to enhance its marketing and sales capability, with five new experienced employees expected to join shortly. this investment is being made now to enable symphony india to strengthen its position in the indian market which it estimates could generate over £10 million in annual sales during the course of 2024.
symphony india has an established high level management team to support a pan-india distribution network. it currently has 16 new hub distributors either in place or in final contact discussions. hub distributors are large, well-connected third-party companies with strong customer connections, and expert technical and sales personnel. if appointments continue on the current trajectory, more than 30 hub-distributors should be in place before the end of h1-2023.
the increase in sales is being driven by the plastic waste management rules 2022 (as amended 6.7.22) which permits government-approved biodegradable plastic products to be exempted from restrictions that would ban most plastic film products unless they are above 50-micron thickness, and 120 microns for carrier bags, (which generally means an increase in cost by more than two to three times). producers and brand owners using certified biodegradable plastic materials will be free from this obligation, thus providing symphony's d2w technology with a competitive advantage in a country with a population of c.1.4 billion.
symphony's d2w technology has been tested by intertek india, a government-approved laboratory, to the astm standard 6954 (an internationally recognised standard for proving biodegradability and non eco-toxicity of plastic products in the open environment), and symphony india is waiting for official approval that producers using d2w technology will be exempt from the regulations. customers are however, already placing orders and activity is increasing as stated above.
£10m of sales from d2w in india alone by the end of this year. be good to get an update on that now that q1 2024 is nearing its end.
grupo bimbo, saudi d2w sales, fire ******ants and insect repellent as well as a host of other d2p applications. for those still invested please contact the management on this and up the pressure to hold them
Started: shatter, 23 Feb 2024 12:42
Last post: shatter, 7 Mar 2024 17:32
Just a guess but 1p by Sept/Oct , this year…😬
Thanks shatter.
will be the first ive made. normally when i sell. price goes up.
Tricky….i think you made the right decision. G.l
I sold out at a loss a few weeks ago. . i found there response to eu case a bit bitter. and took a gamble on he1 . this is not advice or promoting. but after being with sym for years. i thought time to move on.. but i wish good luck to all those who stick with this company.
it will be just my luck that they pull a rabbit out of the bag. but one has to stick to there decision good or bad.
I'm in the same boat as you here Shatter .. not a big hit in the scheme of things for me... a car crash in terms of per cent down now though .... but will sit on what's left and hope at some stage whenever this company gets some serious momentum going.. which is clearly still possible..
India is a latest hope of mine.. buts that's a slow burner too, I'll expect ...
This time next year Rodney.... You know it makes sense .. etc..
Started: MrBond007, 23 Feb 2024 10:22
Last post: BigSlick7, 23 Feb 2024 11:16
Answer: A lot esp in China
How many other companies have a plastics chemical additive that causes plastic to degrade in the same way as plastic with d2w pellets added.
Started: shatter, 12 Feb 2024 17:39
Last post: tricky125, 14 Feb 2024 14:11
I agree
remains to be seen, how this will effect company orders. as not a lot been said for quite some time now.
Sym’s response is a bit wishy washy…in their view they are still right and the EU is wrong.
Last post: tricky125, 9 Feb 2024 12:57
I guess i will have to hang on a bit longer. see if this company recovers. but i certainly will not be adding to it.
There you go. Business carries on as before really. Market reaction to the original announcement was completely overblown in my opinion. Judgement clearly wasn’t saying that plastic with D2W added creates micro plastics or fails to break down more quickly into harmless organic matter. It simply says that at the time the directive was adopted the EU acted legally. Most importantly, it did not, as I read this, contradict SYM’s view that the prohibition does not apply to plastics to which D2W has been added.
The judgement seems fairly clear cut and Sym’s lack of response is deafening ! It’s going to be very difficult to put a positive spin on the judgement….oops!
Likely that SYM will update more fully in the next few days. Last weeks announcement would have come as a disappointment so it’s good that they avoid a knee jerk response while emotions might be running high. They’ll consider their position and next steps carefully and update soon. Multiple avenues for growth and no d2w sales in EU at risk from this update (nothing priced in for any potential future EU d2w sales either to my mind).
Plenty of questions for the company to answer on commercial traction from ME, India and Americas regions. Frustratingly close but until we see clear
Evidence of meaningful and scalable progress then the shares unlikely to move a great deal I suspect.
Well shatter. I hope they come out with a statement soon. just saying nothing is not going to help.
Disappointing but fairly unsurprising judgement.. I'm more surprised by the extent of the s/p fall off the back.. and I agree with ctw that this represents a meaningful overreaction.. and I've started topping up at 3.5p
Hardly a surprise. But look at their logic as shown in the abstract of the judgment:
In dismissing one point they say:
“According to the scientific studies available when the directive was adopted, the level of biodegradation of that plastic is low to non-existent in an open environment, in landfill or in the marine environment.”
In dismissing another point they say:
“The more rapid fragmentation of plastic containing a pro-oxidant additive can have an increased negative impact on the environment since its biodegradation is concentrated over a shorter period.”
The fact that the EJC has declined to declare that the relevant Regulation was unlawful does not mean that Sym can’t sell its product. Firstly they have advice that the Regulation did not apply to their product anyway. Be interesting to see the full judgement and analysis on that aspect. Second, most of their D2W sales are outside Europe anyway and are unlikely to be affected imo. This is very far from the end of SYM lol.
Usual AIM over reaction. Bought more at 3.37 showing as a sell.
Now that’s a surprise, not !
Started: Juantheman, 31 Jan 2024 09:18
Last post: Juantheman, 31 Jan 2024 09:18
Last post: shatter, 29 Jan 2024 16:16
Building prior to Wednesdays news. Let’s hope it’s decisive…..
Started: shatter, 25 Jan 2024 11:57
Last post: shatter, 26 Jan 2024 14:36
Two trades and up 10%…
Not confident on the compensation side of things but would be happy to get access to new markets. Bring on the 31st…
Started: havealot, 18 Jan 2024 17:51
Last post: Zendog, 20 Jan 2024 10:18
I think we'll find the EU sticks to it's pattern of not admitting it got anything wrong.
Details of Dyson case available on the internet, but reasons for rejection of Dysons appeal not clear.
BRUSSELS (Reuters) - The EU's highest court dismissed an appeal made by Britain's bagless vacuum cleaner maker Dyson on Thursday for 176 million euros ($193.39 million) compensation from the European Commission for alleged losses due to EU energy labelling rules.
Dyson had challenged rules introduced by the EU executive in 2014, saying labelling requirements on vacuum cleaners discriminated against its technology, misled customers about the efficiency of some vacuum cleaners, and unfairly benefited its German rivals.
"The Court of Justice rejects all the arguments put forward by Dyson and thus upholds the judgment of the General Court. Consequently, the action for compensation brought by Dyson is dismissed definitively," the court said in its judgment.
Dyson had won the backing of the Luxembourg-based General Court in 2018, which scrapped the labelling rules, but the same court dismissed Dyson's case for compensation for losses allegedly incurred because of the rules.
A spokesperson for Dyson said the company "made history when it won its case in 2018" and that fact "makes today's judgment on damages all the more perverse".
I don't know the Dyson case tbh and what they were claiming, but if SYM do win their case, I would have thought it would be hard to dispute that they have suffered a financial loss as a result, as they have effectively been banned from trading in the EU given that probably over 95% of their revenues over the time period involved have been derived from D2W. To refuse any compensation claim the court would surely have to establish there has been no impact on trading performance?
Couldn’t agree more that significant compensation is unlikely even if the case is won. Better not to bank on that. However, if winning unlocks more sales that’s good enough for me.
Yeah, I am of the same opinion ! May win the case but no compo ! If it opens up a new market that will be something..
Last post: shatter, 18 Jan 2024 14:27
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.
Started: Ctw2014, 31 Dec 2023 14:29
Last post: Ctw2014, 31 Dec 2023 14:29
…..early in the New Year, I would guess.
Started: shatter, 28 Dec 2023 17:19
Last post: shatter, 28 Dec 2023 17:19
The gravy train continues, toot toot !
Last post: Hounddog10, 28 Dec 2023 11:07
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.
Started: shatter, 27 Dec 2023 17:49
Last post: shatter, 27 Dec 2023 17:49
Santa rally over for SYM…