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Pin to quick picksSymphony Env. Share News (SYM)

Share Price Information for Symphony Env. (SYM)

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Share Price: 3.25
Bid: 3.00
Ask: 3.50
Change: 0.00 (0.00%)
Spread: 0.50 (16.667%)
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AIM WINNERS & LOSERS: Ingenta shares up on on win of two contracts

Thu, 29th Jun 2023 10:33

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Ingenta PLC, up 14% at 105.20 pence, 12-month range 85.01-134.95p. The company announces two key contract wins for its content distribution platform. These contracts have a total combined value of GBP2 million over a five-year period, with implementation revenue due to begin in the second half of 2023. Chief Executive Scott Winners says: "The deals announced today show further progress in the group's drive to expand its business development activities and follow on from the previously reported media customer win for the group's commercial IP management product. The latest deals include another addition to our growing NGO client base and a prestigious, globally recognised US scientific publisher." Ingenta adds that it expects its full-year results will be "comfortably" in-line with market expectations. Ingenta provides software and services to the publishing industry.

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Symphony Environmental Technologies PLC, up 11% at 7.50 pence, 12-month range 6.25-20.00p. The company says its financial performance in 2023 so far has "sharply improved" from 2022, with Symphony expecting to move back to profitability in the coming months. Says this improved performance is underpinned by its Middle East manufacturing and sales being on plan, lower administrative and distribution costs, and higher gross profit margins. Adds it is confident of delivering positive updates throughout 2023. Symphony develops technology to make ordinary plastic biodegradable.

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AIM - LOSERS

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Landore Resources Ltd, down 16% at 8.76 pence, 12-month range 8.72-22.00p. The Canada-focused precious and base metal exploration and development company raises GBP600,000 before expenses through a placing of shares at 9p each. The shares represent 5.5% of the company's share capital and are at a discount of 12% to its closing price of 10.38p on Wednesday. Explains each placing share has one warrant attached, with each warrant having the right to acquire on shares at an exercise price of 18p on or before the second anniversary of the admission of the placing shares. If the warrants were to be exercised in full in due course, this would result in the issue of 6.7 million shares raising a further GBP1.2 million for the development of the company's business, Landore says. Separately, company announces the appointment of Claude Lemasson as chief executive and the intended dual listing of the company on the TSX Venture Exchange, targeted for the third quarter of 2023.

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Science in Sport PLC, down 13% at 13.00 pence, 12-month range 5.25-48.00p. The sports nutrition company reports a widened annual loss and explains a challenging consumer environment, and supply chain issues adversely impacted the company. In 2022, pretax loss widens to GBP10.6 million from GBP5.3 million the year prior as its cost of goods increase to GBP36.8 million from GBP31.2 million and it records GBP1.1 million in new facility transition costs compared to GBP125,000 the year prior. Revenue rises to GBP63.8 million from GPB62.5 million. This revenue figure was impacted by the closure of its Russian business, port congestion issues in the US and supply chain issues, the company says. Looking forward, Chief Executive Stephen Moon says: "In 2023, we are well set for profitable growth, as evidenced by sales growth over the last four months. Our retail business, domestically and internationally, is delivering profitable growth, and our Amazon business is performing significantly above the same period last year."

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Symphony Environmental Technologies looks to raise almost GBP2 million

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14 Mar 2024 13:36

Symphony Environmental Tech extends convertible loan agreements

(Sharecast News) - Symphony Environmental Technologies announced extensions to its existing convertible loan agreements with Sea Pearl Ventures on Thursday, to 31 December 2025, expanding from the previous end date of 30 September 2024.

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13 Mar 2024 15:10

IN BRIEF: Symphony Environmental plastics given approval by EPA report

Symphony Environmental Technologies PLC - London-based manufacturer of biodegradable plastic products - Notes a 2021 report from the US Environmental Protection Agency saying that pro-oxidant plastic masterbatches, of the kind made by the company, "could significantly reduce the persistence of plastic pollution without creating undesired by-products". The report also says that, unlike the single-use plastics commonly used for packaging, pro-oxidant masterbatches more easily break down and degrade, resulting in a smaller ecological footprint.

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9 Feb 2024 18:53

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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9 Feb 2024 12:39

Symphony confident despite court ruling on oxo-degradable plastics

(Sharecast News) - Symphony Environmental Technologies updated the market on Friday on the judgement of the General Court of the European Union, delivered on 31 January, around an EU directive prohibiting oxo-degradable products that do not properly biodegrade.

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31 Jan 2024 12:30

EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement

(Alliance News) - The following is a round-up of earnings and trading updates for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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31 Jan 2024 10:21

AIM WINNERS & LOSERS: Pebble Beach rises as trades ahead of forecasts

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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18 Jan 2024 12:54

Symphony Environmental shares jump as revenue edged higher

(Alliance News) - Symphony Environmental Technologies PLC shares rose on Thursday, after it reported higher 2023 revenue and updated markets on its case it brought against the Commission, Parliament & Council of the European Union

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18 Oct 2023 14:25

IN BRIEF: Symphony Environmental inks additional loan agreement

Symphony Environmental Technologies PLC - Hertfordshire-based developer of technology to make plastic biodegradable - Enters into an additional convertible loan agreement with Sea Pearl Ventures Ltd. Says the key terms of the loan are similar to the previous GBP1.0 million convertible loan announced in March. Notes that GBP500,000 will be drawn down immediately, and a further GBP500,00 on or before March 31. Interest on the loan will accrue at 7% per year.

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29 Sep 2023 12:55

EARNINGS: CMO "not immune" to tough market; Malvern in profit swing

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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29 Sep 2023 12:53

First-half losses narrow for Symphony Environmental Technologies

(Sharecast News) - Sustainable plastic products developer Symphony Environmental Technologies reported a rise in first-half revenue on Friday, to £3.6m from £3m a year earlier.

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26 Sep 2023 12:08

Symphony Environmental Tech shares up as Yemen enforces 2010 law

(Alliance News) - Symphony Environmental Technologies PLC on Tuesday said that Yemen has started to enforce an oxo-biodegradable plastic law that it passed in 2010 but was delayed due to the civil war.

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26 Sep 2023 10:39

AIM WINNERS & LOSERS: Bowleven shares drop on concern for cash runaway

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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