reports
- Robin Byde
Symphony Environmental (SYM LN) - Inline H1, good progress post period...
Symphony Environmental Technologies has reported in-line H1 results. As expected, revenue was lower but good control of costs and efficiencies led to a higher gross margin and reduced net losses. The balance sheet has been materially strengthened with a successful equity raise of £2.25m at 20p (NB: well above the current share price). Product commercialisation made good steps forward within H1 and after the period end; in our view, this bodes well for conversion in H2 and into 2026E. Various ind...
- Robin Byde
Symphony Environmental (SYM LN) - Positive AGM statement - Corporate
Symphony Environmental has issued a short positive statement ahead of its AGM. The Group reports that momentum within the business continues, prospects are reportedly strong in the short to medium-term. Further, Symphony is seeing a high level of sales prospects nearing completion and these are expected to close in H2 and into 2026E. The Group states that the recent approval for the sale and use of plastic products made with d2w masterbatch from the Environmental Protection Agency in the Republi...
- Robin Byde
Symphony Environmental (SYM LN) - Approval of d2w oxo-biodegradable pl...
Symphony (SYM) has announced that it has received approval for the sale and use of plastic products made with d2w masterbatch from the Office of Environmental Enforcement in the Republic of Ireland, a member-state of the EU. This event followed the introduction of a d2w product into the Irish market by SYM which prompted a detailed review of the technology against the key EU Directive 2019/904 that prohibits the use of oxo-degradable plastics due to the contribution to microplastic pollution. Th...
- Robin Byde
Symphony Environmental (SYM LN) - Good progress - Corporate
Symphony Environmental, the global specialist in technologies that make plastic and rubber products smarter, safer and sustainable, has reported full year earnings showing increased revenue and gross profit, and a sharply reduced operating loss. Following the period end, losses have continued to reduce, the balance sheet has been strengthened with an equity subscription raising £2.25m (at 20p), and there has been strong commercial progress on several fronts. We will add 2025E forecasts in due co...
- Hybridan Team
Hybridan Small Cap Feast: 08/05/2025
Claire Louise Noyce Managing Partner, Chief Executive Birchin Court, 20 Birchin Lane, London EC3V 9DU Tel direct: +44 (0)203 764 2341 Mobile: +44 (0)7894 267 530 Call me on teams E-mail: Whilst it suits me to email now, I do not expect any response outside your own work times. Linkedin: /in/claire-louise-noyce-25b4588a Website: Follow us on X @hybridanllp Follow us on Linkedin Hybridan LLP would love your feedback. Post ...
- Robin Byde
Symphony Environmental (SYM LN) - Scientific study confirms no trace o...
Symphony Environmental Technologies has announced the results of an important scientific study carried out by Intertek (ITRK LN, a FTSE100 company) relating to its d2w biodegradable technology. The study shows conclusively that d2w does not create microplastics and instead causes a complete transformation of the plastic into natural biodegradable compounds which are then organically recycled back to nature. This confirms Symphony’s d2w masterbatch product can be crucial in managing plastic waste...
Hybridan Small Cap Feast - 25 November 2024
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Centamin Plc (CEY.L) has delisted from the main market of the London Stock Exchange. What’s baking in the oven? Transferring markets: 8 November: Zentra Grou...
- Robin Byde
Symphony Environmental (SYM LN) - Solid H1, outlook more positive
Symphony has reported solid H1 earnings with gross profit up and losses reduced. Momentum continued throughout the period, with a notably strong Q2 performance. The balance sheet is also in better shape helped by a recent successful £1.3m equity fundraising. Improved performance was driven primarily by recovery in demand for the d2w (biodegradable) product, and tight control of costs. The outlook is cautious but positive with a growing pipeline for both d2w and d2p (protective technology) produc...
- Andy Hanson
- Carl Smith
- Robin Byde
Industrials Round-up - 08 July 2024
The UK industrial sector continues to strengthen with June output and order books increasing for a second consecutive month, albeit at a slightly slower pace than in May. We think it is too soon to declare conclusively a turnaround, but recent industrial and economic data have been reassuring, as inflation returned to the BoE’s 2% target and sentiment remained positive.
- Andy Hanson
- Carl Smith
- Robin Byde
Zeus Industrials Round-Up - 11 June 2024
As we approach the end of H1, recent industrial and economic indicators display an encouraging picture, cautiously supporting optimism for the latter half of 2024. UK manufacturing returned to growth in May, with many countries recording higher PMI readings. Inflation data across the globe was also encouraging, prompting the Bank of Canada and ECB to cut interest rates last week. UK GDP growth for Q1 was also positive and overall business confidence appears to have improved.
- Robin Byde
- Robin Byde
Symphony Environmental (SYM LN) - Solid H1, commercialisation progress...
Trading was positive with revenue up 20% to £3.6m. Gross profit increased 38% to £1.5m with the margin at 42% from 36% in H122a. The adjusted operating loss reduced by 57% to £0.6m. H1 performance was in-line with our expectations. The improved revenue performance was mainly due to increased d2w masterbatch revenue in the Middle East. Gross margin and losses were helped by lower raw material costs and managed efficiencies in the supply chain. Pleasingly, the reduction in distribution costs (3% o...
- Sacha Morris
Hybridan Small Cap Feast 01-08-2023
Joiners: No joiners today. Leavers: Cineworld Group (CINE.L) has left the Premium Segment of the Main Market. What’s cooking in the IPO kitchen?** Announced ITF 12 July: Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Announced ITF 6 July: Blackpoint Biotech plc, a me...
- Robin Byde
Hybridan Small Cap Feast - 29 Jun 23
29th June 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
- Emily Liu
Hybridan Research plc: 30-05-2023: Symphony Environmental Technologies...
Aiming to deliver stronger result in H1-2023 Symphony Environmental Technologies today announced its audited results for the year ended 31 December 2022. Revenue for FY-22 was £6.15m (FY21: £9.16m). Operating losses were £2.93m (FY21: £1.48m losses). Net borrowings (excluding lease liabilities) were £0.84m (FY21: net cash £0.20m). In March 2023, Symphony raised £1m by issuing unsecured convertible loan notes at a coupon rate of 7% to Sea Pearl Ventures (17.4% shareholder). Outlook: Managem...
- Robin Byde
Hybridan Small Cap Feast - 21 Mar 23
21 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv...
Hybridan Small Cap Feast - 14 Mar 23
14 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv...
Hybridan Small Cap Feast - 09 Mar 23
9 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective...
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