Analyst Research Report Snapshot

Title:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES - MOVING TO PROFITABILITY

Price:

$10.00

Provider:

Edison Investment Research

Date:

11 Nov 2008

Pages:

8

Type:

AcrobatPDF

Companies referenced:

SYMU.L

Available for Immediate Download
Summary:

Despite posting healthy interims, Symphony’s stock is trading close to year lows. The company is approaching an inflection point, as the increase in distribution agreements continues to drive the growth of d2w sales. The higher margins of d2w are improving gross profit margins and, providing this trend continues, the group ought to swing into profitability in 2009. The full year impact of new distribution agreements, the drop in polymer prices, the need for plastic producer to differentiate in a tough economic environment and continued legislation supporting eco-compatible plastics all suggest that the trend of growing d2w sales should continue. With profitability, the uncertainty over valuation is likely to be diminished and we expect SYM to trade in the 9p to 12p range. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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