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Pin to quick picksSymphony Env. Share News (SYM)

Share Price Information for Symphony Env. (SYM)

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TRADING UPDATES: DX opens new depots; Tern hails new order for Wyld

Mon, 13th Mar 2023 21:02

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

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Dekel Agri-Vision PLC - West Africa-focused agriculture company, with portfolio of projects in the Ivory Coast at various stages of development - Reports fresh fruit bunch volumes processed in February fall 31% to 9,418 tonnes from 13,683 tonnes a year prior. Crude palm oil sales reduce 43% to 2,102 tonnes from 3,660 tonnes. CPO production falls by 28% to 2,198 tonnes from 3,057 tonnes. However looking ahead, company says that fresh fruit bunches have "improved materially over the past 2 weeks". It adds that CPO prices remain close to record levels of EUR984 per tonne.

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DX Group PLC - Slough, England-based logistics company - Opens two new depots in Berkshire and Wiltshire, which DX says will serve its Express division, particularly Parcels operations. Explains that the new site openings are part of its ongoing GBP20 million to GBP25 million investment programme planned, with the sites planned to open during the current financial year ending July 1. Chief Executive Officer Paul Ibbetson says: "Our parcels activity has grown significantly in the last two years, and these new depots will increase capacity, improve efficiency and enhance the division's customer service levels."

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Molecular Energies PLC - Argentina and US-focused oil and gas production company, with additional exploration assets in both Argentina and Paraguay - Notes Argentinian subsidiary President Petroleum SA posts annual pretax profit of over USD19 million for 2022. Meanwhile, Molecular's exploration well in Paraguay remains on track to spud in May.

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Neometals Ltd - minerals and materials project development company - Pretax loss in the first half of financial year 2023 to December 31 balloons to AUD13.7 million from AUD3.5 million a year prior. Basic interim loss per share widens to 2.34 Australian cents from 0.52 cents a year ago.

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Symphony Environmental Technologies PLC - Hertfordshire-based developer of sustainable plastics and rubber - Expects 2022 revenue at GBP6.2 million, downgraded from its previous expectation of GBP6.5 million. Meanwhile, receives a GBP1 million loan from Sea Pearl Ventures Ltd. Company adds that the hearing date at the general court of the EU in Luxembourg has been set for next week Monday. The hearing is in regards to Symphony's case over the EU's single use plastics directive. In December 2020, Symphony said that it "has been advised by three barristers, all experts in EU law, that this part of the directive is confusing and illegal". The legal action is for financial damages against the Commission, Parliament and Council of the EU, Symphony explains.

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Tern PLC - Investor focused on the internet of things - Receives SEK9.2 million order, about GBP700,000, from a South African company for the Wyld Data service, of which it holds 40% equity. The customer is a company focused on deploying soil moisture sensors to optimise irrigation and automate scheduling systems for agriculture. Further, Tern notes it has no exposure to or relationship with Silicon Valley Bank or SVB UK. It adds that it does not expect the exposure of portfolio companies to SVB to have a significant impact on its net asset value.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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EARNINGS AND TRADING: MediaZest optimistic; Volta Finance NAV up

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22 Mar 2024 17:05

Symphony Environmental Technologies looks to raise almost GBP2 million

(Alliance News) -Symphony Environmental Technologies PLC on Friday announced a fundraising plan and said its revenue rose in 2023, despite suffering some "delays".

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22 Mar 2024 10:17

AIM WINNERS & LOSERS: Trakm8 falls on profit warning

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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

TRADING UPDATES: Apax opts against lifting offer; DCI enters loan deal

(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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