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@Weathergeek, thank you for the future calculation and good info as always.
This is being HELD down may be big order needs to be filled... but very much BLUE CLOSE
Disappointed to not see a significant rise. This share price is disappointing considering what we currently know about the business.
Interesting that they chose one financer for Storm Harbour. Explaining how they want to establish a long term relationship. Which is great. Hopefully in excess of the Captive Bank figures at some point.
There are multiple routes for financiers. For me banks will bring their clients to the platform. Financiers that tend not to have clients in the same way as a bank will support clients that come to SYME and then these two and the Captive bank will fund as s collective, big client contracts. As a hypothetical, rolls Royce £500m contract over 3 years.
Motley tool actually saying something positive and definitive for once.
My my
Break through coming now... I do not who will sell so low.. but it is about to REVERSE
I've been slowly topping up for a few months to bring my average as close to 0.5p as possible (annoyingly i got in at 0.69 or something like that). I've been in the 0.5p - 0.58p range for a while and looking forward to the day it finally lifts.
I don't need this money any time soon so happy to hold until the middle of next year to see where it goes. Patience is key! Hoping this becomes another GGP, going from half a penny a few years ago to the 20s today. Although I would be more than happy with just 5p.
Fully being conservative in those figures. just using whats been RNS'd. Lots of surprises could up that, especially by year 4. Thats a long time.
@Weathergeek - That might be conservative... Say a few large corporate entities come on board? Also increased funding partners... and even a US listing? The P/E ratio could extend further... Good to keep it conservative though...
CARDAN, I also just topped up ;) . over 90 percent of my holdings are in syme now. I just can't believe the price. This is getting bought like crazy but no difference to sp.
The people that didn't understand the RNS this morning, jumped ship just like rats when the ship is sinking...Not understanding that the syme ship is getting bigger and stronger.
GOOD LUCK TO ALL THE HOLDERS.
MY FAITH IN SYME HAS NEVER BEEN STRONGER.
Weathergeek love that calculation!!
I am glad that we haven't seen our usual pump and dump crew out this morning, looking for their quick fix and then their subsequent deramp to get back in at a lower price. It is quite refreshing that these nefarious individuals are one by one slinging their hooks so to speak. I would much rather a stabilising rns like the one today. SH will deliver the first set of issuances. Whether they do the second set of issuances, we will soon see. The tweet reads that they won't imo. Instead, they will become a partner. It seems that something quite big is going on in the background. Whoever it is, they want a big slice of the pie. This can only be good news for savvy investors. I am a LTH in this share, so I am prepared to wait and profit from the successes in to next year and beyond. I invested in early August, so am one of the lucky ones I guess. GLA.
Same.. To me i see this...
Employees coming on board with previous employments at Bibby Financial services, Maersk, Commerzbank AG, Bank of America Merrill Lynch, S&P Global, J.P. Morgan.
Thats just to mention a few.
600 Clients a year. Average £10
£6bn a year
£24bn over 4 years.
Some argue 1.5% net profit (captive bank), some argue 1% net (self funding)
Lets take 1.25% and meet in the middle.
1.25% of £24bn is £300m profit.
Divide by the rounded 32,755,000,000 share is issue
Earning per share of just under 1p at 0.91p
50% of earnings paid out as dividend to shareholders (in 4 years)
0.457p (cheaper than you can buy today)
With a PE of 10, share price would be 9.1p with a 5% dividend yield.
Bit of a high yield and low PE for a growth finch company.
With a PE of 20, share price would be 18.2p and have a 2.5% dividend yield.
That sounds more like it.
Buy now for 1m now for £4200.
At year 4 earn in dividends 1m x .0457p = £4570 per year.
A share price of 9.1p = £91,000 holding
A share price of 18.2p = £181,000 holding.
Keep selling people, I'll have them!
Elon if I knew the answer to that i'd be a rich man. Suffice to say as mentioned earlier bt 2m more@.41 as I believe the rns was just a taster/clue of whats to come. On the flip side for me and many others who are buying there is obviously a seller so let's see who is right at close of play to start with,,,,,,
Elon, this post is just for you lol . As I am done here
Because of my last few posts
From update RNS
The thirty Italian Client companies that form the first Inventory Monetisation portfolio will be notified that their target completion date is the end of October. This portfolio comprises corporates of various sizes which form part of supply chains led by the following companies.
And
By the year end, on 30 September, there will be 142 Client companies, originated in Italy (up from the 97 announced in the Interims). The acceleration in the number of corporates ready to be served is a result of the re-opening of activities in Italy post the COVID-19 lockdown,
Onboarding done, we are up and running and expanding quickly ..
look at banking RNS re banks practice,
The funding along side . For instance
That’s not the news .. everything else is ..
Take care and good luck
Topped up too on the drop. Now hold 20m. The only way from 0.0040/0.0041 is up imo.
We now know the naming of the clients and investor is not far away, and that Stormharbour are still involved.
Can't believe the amount of people who have no patience if they don't get an instant 'fix'.
I would never question anyones trading/investment stratergy but I wonder how long it will take those that sold this morning that they may have misinterpreted the rns....
Same here
Ditto, topped up!
Could not resist, 20th top up in the 2 plus months I’ve been invested here. At this very low SP it’s a bargain if like myself you don’t intend selling any for at least 2/3 years.
I would guess that this board holds a massive percentage of the overall PI’s stake in SYME.
It’s good to know that instead of being scared by these drops then many of us are even more determined to hold tight.
For that very reason alone we should all be commended.