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Symphony - placing at a premium! Ahead on this share tip its still a buy

By Tom Winnifrith | Friday 21 November 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Symphony Environmental Technologies (SYM) has announced it has raised £1.28 million from issuing new shares at 10p, a more than 20% PREMIUM to the prior share price and, conditional on 19th December General Meeting approval, the raising of a further £0.295 million at the same share price and a possible further more than £1 million – the latter at a more than 80% premium to the 8.25p closing mid-price of the shares before the transaction was announced.  This good share tip is looking even better!


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