Symphony Environmental Profits Warning – Ouch but discounted?
AIM-listed advanced plastics technologies company Symphony Environmental (LSE:SYM) has today announced that “revenues for the month of December were significantly less than anticipated on 5 December and as such the trading loss for the year will be materially higher than £1.1 million (previously expected)”. Unusually, the shares are currently trading slightly higher, at 3.5p, on the back of today’s announcement – though this represents a sharp decline from the 20.875p share price hit in April 2011. The following reviews today’s statement…
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