A punt on Symphony Environmental Technologies

In each week’s MoneyWeek magazine there is a small section called “Gamble of the week”. In this week’s issue the article is about Symphony Environmental Technologies (SYM:AIM).

Symphony’s d2w technology aims to tackle the problem of discarded plastic bags by breaking down plastic into water and carbon dioxide. The d2w additive is mixed with basic polymer resin during the manufacture of plastic bags where it remains dormant until a set future date after which is starts a process called oxo-biodegradation.

The article says that Governments and corporations are showing an interest in the technology.

MoneyWeek rates the shares a speculative buy at 8p.

I managed to tuck a few away at an average buying price of 7.85p

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