Symphony Environmental Technologies (SYM) has announced EBIT of £0.41 million, up from £0.21 million, for its core business in the first half of its current year to end 2014 and that it is “excited by the opportunities and markets that have been opened so far, and anticipate second half performance to at least match that of the first half with many opportunities expected to come to fruition during 2015”.
AIM listed Symphony Environmental Technologies (SYM) has not covered itself in glory over the years in terms of revenue and earnings visibility. Its d2W and d2p compounds seem exciting but one year sales are up and a big breakthrough is promised the next year they fall and dreams turn to dust. But a trading statement last week was great and the shares are our share tip of the week at 11p. Here’s why.
Symphony Environmental Technologies (LSE:SYM) has issued a trading statement updating we loyal followers that “revenues are expected to be approximately £3.3 million for the first half with administrative expenses significantly reduced following the cost reductions undertaken during 2013” and on various business progress made. We are well ahead on this share tip but there is more to come…
Steve Moore and I tipped this stock at a 6.75p offer price in September. The shares are now 9.25p to sell so on an offer to bid basis ( we don't need to fudge our stats) we are well ahead. But there is more to come. A good share tip will get better still! And we have another great share tip coming out on Monday HERE.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Michael Laurier of Symphony Environmental (SYM)
Symphony Environmental Technologies (SYM) has announced a £778,000 pre-tax loss for the 2013 calendar year but believes that 2014 will show a strengthened performance and is confident in outlook. We are marginally up on this share tip but today the shares look very cheap.
AIM listed Symphony Environmental (SYM) this morning released full year 2013 results. The numbers were adequate but the statement was bullish. That has prompted its house broker Cantor Fitzgerald to urge investors to buy the shares (no shock) but a 17p target for a 6.75p stock looks interesting.
At a current 9.125p, shares in advanced plastics and recycling technologies company Symphony Environmental (SYM) trade at levels seen only recently since March 2012. The following updates with the shares already well ahead since being added to the Nifty Fifty ‘Penny Shares’ portfolio at a 6.75p offer price in September and written on HERE later that month…
I tipped Symphony Environmental (SYM) on my Nifty Fifty website last week at a 6.75p offer price. The shares are now 6.75p-7.25p so we are all square. But even at a 7.25p offer, valuing Symphony at c£9 million) the stock is cheap.
Shares in AIM-listed specialist in advanced plastics technologies, Symphony Environmental (SYM) currently trade approaching 36% higher today on the back of an announcement of a five year supply and marketing agreement with a division (Janssen Pharmaceutica) of pharmaceutical and healthcare major Johnson & Johnson. The agreement is for a product which can be put into plastic products at the manufacturing stage to provide better protection against bacteria, fungi, moulds, mildew and algae. This is great news.
I met up with Symphony (SYM) boss Michael Laurier the other day after what has been a hard year for us both. I admit that this is one that I have called wrong before. A couple of profits warnings do not leave me looking that smart. However the tide may be turning. This is a very interesting recovery play. The most recent trading statement gives real hope.
AIM-listed advanced plastics technologies specialist Symphony Environmental Technologies (SYM) has announced “the start of 2013 has been very encouraging, and I am pleased to report that revenues for the first four months of this year have already exceeded revenues reported for the first half of 2012… we look forward to the year ahead with growing confidence”.
