Member Info for EXiii

Stuartrm. Thanks for your posts. I've held IEM off and on since early 2009 when AIM became the hoped for "rescue"zone from another Wall Street farago. Bought because of the niche markets and the fact that staff bonuses were in shares, not directly from company funds. My faith in the long term of IEM saw me extend ownership to family holdings (1 x ISA, 1 X JISA & 2 SIPPS) over the last 10 years. The fat jowled Boaz cares not, of course, for such sentiments from us little people and I've no wish to risk anything he has in mind. I count myself fortunate that Jupiter's Ecology UT also popped into view at a similar time and that's also done OK. I mention it if anyone wants a look at a similarly mandated fund when IEM very sadly wraps up.

In the UK, we face a £1.6 billion price hike on everyday goods thanks to Ed Miliband’s new ‘Net Zero’ tax, according to the British Retail Consortium. The policy, the Extended Producer Responsibility (EPR) scheme, kicks in this week. It forces food and drink producers to cover the cost of packaging disposal – a bill of around £2 billion. Unsurprisingly, retail bosses say 80% of that will be passed on to consumers…

Andrew Opie of the BRC warned: “This is a multibillion-pound levy being paid by consumers during a cost-of-living crisis. They’ll ask: what are we getting for higher prices?” Not enough d2w!

As a small shareholder on and off from 2009: – 13000 currently, I wonder sometimes if Symphony Environmental Technologies really do have a “Sales Department” or, as suggested elsewhere, there’s too much reliance on distributors who have different priorities. It’s as if SYM have a solution but can’t identify a problem. Maybe no one at SYM puts the bins out.

The Daily Mail Money carries an item from the CEO of Plastic Energy which has “developed chemical recycling for more than 15 years, converting mixed, contaminated plastic from household bins into oil that can be used to make new plastic.” Whilst operating on a commercial scale, he cites a major snag to plastic recycling lies is treating it as a consumer issue rather than an infrastructure one ie what happens after the bins are emptied.

Mentioning Geneva, he also cites “SYM’s smart additives and also Revantas (Scotland) using solvents to extract pure polymers from mixed waste...It’s not the technologies: it’s policy that’s holding back progress” eg planning red tape against new recycling centres.

NB. Bought April 2009, sold out August 2010 (3.4p / 13.6p) as a long way to go. Returned in June 2025 @ 7.6p as looked close to take off (ish) eventually.

https://www.thisismoney.co.uk/money/markets/article-14985671/We-burn-lot-recycle-thats-just-madness.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html