Taken from Shareprophets2 Nov 2018 09:18
Hello, Share Samplers. After a surge of excitement, the value of a company involved in the making of self-destructing coffee cups has declined. I refer to Biome Technologies (BIOM). But if ever a share was dependent on a growing future trend this is it.
Hardly a day goes by these days without we hearing of a major move towards getting rid of dangerous plastic in our seas. This week’s bombshell comes from WWF. It says that animal life has declined by 60% between 1970 and 2014 because of man-made pollutants, like plastic in the sea. Biome produces a range of plant-based plastics that are biodegradable and compostable. The firm is also leading a £5 million research and development programme with academic and industrial partners aimed at reinventing bioplastics to both improve performance and reduce cost.
Biome is not one of those companies which promise the earth (literally) and then fail to take off due to factors like lack of experience and having ‘planet saving’ products that don't actually work very well. It has been in the green game for a long time - and yes, it has lost some of us lolly but that was years ago when it went by the name of Stanelco.
Since then the balance sheet has rejuvenated and the share price has soared. It reached more than 650p, but then fell again. And this week it is back on the gravy train, perhaps because of that devastating news from WWF.
The company also has a different strand, still using the brand name of Stanelco. This is some fancy technology using radio waves. So if the oil-based plastic substitute game doesn’t pay off, then there is a bit of insurance for the share price. In any event, if you are concerned about the murderous effect your throw-away coffee cup might be having on the oceans, then buying shares in this lot is one way of helping out.
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