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Brasso, I had removed you from the filter list, just to give you the benefit of the doubt. Before I re-add you, you might want to read the book "How to make friends and influence people." You may or may not have noticed that I have not displayed any emotion with my post as investing should not really be done in a state of emotion. You have assumed that I don't care, when my post has made no reference to a state of emotional. As for your comments regarding buying in at a higher level, I must say that you must be very well educated, given the price has not been this low since around 12 months ago. As regards my level of liquidity, that is none of your concern and I would be unlikely to accept your investment opinions given your level of negativity and generally purile comments. I think you might want to get off your high horse, and read what I have posted, free from your borderline personality disorder and consider for a moment what is I am conveying.
after a late night and a sleep in Brass is sounding positive.
ns20 utter gibberish ….of course you care. Almost certainly you bought in at a higher SP and if you are a true believer and if you have spare cash you’d see it perfect that it’s so much lower so that you can average down. If you haven’t got spare cash the lower SP is at very least a pain in the rear endears you’d love to be screaming from the roof tops what a great decision it was to but in at the price you did. Don’t care about the SP yeah right
For me the deal with TFC was THE biggest confirmation to date. There is no way in hell that two established and credible names in the investment industry would sell their company to another that had a wiff of failure. I personally have no issues what the share price is today, tomorrow, next week, next month or even next year. I still have my shares and the value I place on the speculation is considerably higher.
Another mouthwatering read !!
Alessandro Zamboni, SYME CEO, commented:
"I am delighted to announce this agreement as a cornerstone of our inventory funding strategy. We can now begin to structure the monetisation of the first group of Italian client companies. This is a key initiative for Supply@ME and we expect that it will serve as the basis for an ongoing and scalable inventory funding programme for Client companies, starting in Italy. We believe that this will also provide further confidence to investors who have been awaiting the news of our first monetisation.
We expect the agreement will create additional value for the Company, given the opportunity to invest directly in a Fintech Bank whose portfolio will grow as Supply@ME completes further rounds of monetisation. This transaction reinforces the positioning of SYME as an innovative fintech business, via non-credit transactions, aimed at assisting with the working capital needs of SMEs and large corporates."
One of my favourite reads of late - read it and tell me you dont get the urge to top up especially when sp is so low
The Company has entered into an agreement ("Term Sheet") with the Italian Banking Group and the Fintech Bank which envisages:
1. the signing of a commercial agreement to manage both the origination of new Client companies and a multi-annual inventory funding plan; and
2. the execution of a first inventory monetisation transaction involving a portfolio of Italian Client Companies.
Simultaneously to the successful completion of the arrangements above, Supply@ME will acquire up to 10% of the Fintech Bank, a level which is below the threshold requiring regulatory approval. An additional 10% of the Fintech Bank may be acquired at the option of the Company within the following two years which would require an authorisation process through the Central Bank. In April 2021, the Fintech Bank was valued, by a Big4 firm, at between €34m - €50.6m.
The Term Sheet incorporates a binding commitment between parties with reference to:
· the time-scale, which envisages the completion of the arrangements above in July, unless the parties agree to extend due to internal authorisation processes or technical reasons. The Term Sheet has a contractual longstop deadline of 30 September 2021;
NOTE : timescale July - September ( at the latest ) it is coming and it could be sooner than you think !!!
Best wishes all LTH
There are 2 options for holding:
1- this will keep falling
2- this will not raise slowly on first IM or funding announcement. Once confirmed this will bounce in a big way
40 clients will see us past most of our averages - 0.75 (some lucky enough to average down).
Let's see what happens next week
I just love what you have posted, so true, why would Tom James and John Collis get involved with a takeover from SYME, as you rightly say, they would have completed an incredible due diligence programme, this share just gets better and better, don't look at the share price right now, it means nothing compared to where it will end up.
You have to experience the lows to appreciate the highs - we’ve had a belly full of lows be patient and the highs will come - come on AZ and bod give us that cracking RNS !!
Savvy - just to add - most genuine LTH probably feel locked in - to sell - low sp would mean losing too much - being locked in is a blessing in disguise - if it’s stopped you from selling it’s done you a massive favour IMO - things are starting to happen - daily movement in sp does not worry me in slightest same can be said for daily trolls !!!
Best wishes all LTH
I have had a few messages re AZ past comments "going to explode" "ready to fly""cracking RNS" timelines etc etc I personally don't like them however these are not promises - they were not meant to mislead anyone. I can tell you more I'm more frustrated then most due to my own personal situation however there is a much bigger picture here. AZ only fault is being over passionate about his innovation and in moments reacts to de-rampers. I asked AZ about a comment once and he replied:
"Going to "explode” is for us a way to highlight the potential of the markets in relation to our business and the considerable interest of our service confirmed by partners, prospects, as wrote, in line on what already said during interviews and RNS - We also noted this to the Investor."
Yes some, including me, have hung in when we could have popped out and try to make money on another share ( seen a few double) but we're worried of missing out here - 12 months of that lol
Do you really believe this was/is in AZ hands? No it's down to other parties. AZ wants IM machine to start as much as us.
Take SP, paper loss, aside what had changed? Board seems pretty good to me with TFC quys now on board - who come across extremely professional and knowledgeable- key. They had an excellent business still building so the question is why did they agree to takeover? They would have completed an incredible due diligence programme and be very assured that they made the right decision - now I believe the captive Bank would have played a big part in that ( so that to me says the CB is a done deal).
The only concern I have always had related to share movement but it's what it is - I've just accepted it now.
Like I have if we only get 1b funded 2021 that will fund 80 clients and give an SP of 1.5p approx. My own predictions are a year out but I'll take 1.5p this year.
Were at the point can't sell so holding is our only option - things may get worse but my only advice remember why TFC are here, remember what we have and what is currently going on in the market. Review the Greensill failings, now in the public domain - where they have failed we will not.
You all make your own choice, I did August last year.
Good luck LTH
IGNORE SPELLING USING PHONE .....:)
Of course it did johnski, brasso was ear wigging as he was collecting glasses that very day
Brass, I've spent all day, right through lunch, missed me boiled egg and soldiers, trying to decipher your message, but think I may have grasped it, but please correct me if I haven't got the gist spot on, so to recap;-
"10.08 Johnski…..the analogy of Tom James I would give you is that my nextdoor neighbour had his house on the market just pre COVID couldn’t sell it even after reducing the price several times and eventually took it off the market…..he put it back on the market 6 months ago and some absolute muppet paid 150% of the price it couldn’t sell for a year before. I asked my next door neighbour who valued it and he said the estate agents suggested a price a little above his last years attempt but his mate down the pub a bricklayer ( an independent valuer ) said tell the estate agent to stick it on at a massively inflated price and see if some idiot will buy it……the house sold the following week and my next door neighbour is now lying in the sun in Portugal"
So what you are trying to say is that Tom James talked to AZ about his ideas and work so far, over a pint down the Coach and Horses, in the hope that AZ would think, obviously a bit the worse for wear, a bit under the table, lit, what great ideas, ok I’ll buy Tradeflow for 150% more than its value. No due diligence, no thought of checking up what TF is worth by looking at the books, valuation, details of the business/sales/income, accounts, financial projections, personal assets, liabilities, no getting his lawyers to crawl over every aspect in the back room, transfer of contracts, no interviewing everyone involved etc etc just a spit on the hand in the Coach and Horses, handshake, job done. Is that how it happened then Brass?
sorry Brass, I'm just a simple numpty out in the sticks in Scotland, you will have to break that analogy down for me...which one is Tom James?
Nah, I think it's your post Brass
LOL, level of stupidity, (from Brasso in case he is stupid enough not to recognise himself).
Brass, that is really desperate and a complete waste of a post.
What a complete nugget you are
Parm…..the very definition of stupidity is your investment decisions mate
And there in a nutshell you have the level of stupidity from this troll
Truly I have PMSL!!!
Johnski…..the analogy of Tom James I would give you is that my nextdoor neighbour had his house on the market just pre COVID couldn’t sell it even after reducing the price several times and eventually took it off the market…..he put it back on the market 6 months ago and some absolute muppet paid 150% of the price it couldn’t sell for a year before. I asked my next door neighbour who valued it and he said the estate agents suggested a price a little above his last years attempt but his mate down the pub a bricklayer ( an independent valuer ) said tell the estate agent to stick it on at a massively inflated price and see if some idiot will buy it……the house sold the following week and my next door neighbour is now lying in the sun in Portugal
so Brass, do you think Tom James is a gullible numpty then?
The Relative Strength Indicator (RSI) on this stock is now below 30%.
This is a strong momentum indicator to evaluate overbought and oversold stock.
The indicator can be a useful instrument to use when deciding when to invest and now the signs clearly show its oversold.
Next week could present a buying opportunity .
Ramping at its very worst……new investors just look at a SP chart and make your own minds up. IMO DYOR
And vice versa.
Still long and strong.
Year to date it's still up 300%. The company has also made strides in progress.
Chickens coming home roost soon and no, I don't mean bears, detractors and fraudulent posters thoughts.
We're going to rerate and improve, it's just a matter of when. The sp is not the company and the company is not the sp, don't forget that.
As for detractors who talk bull under the guise of balanced debate, we're already aware of az delays etc, we don't need reminding.
You can all take a hike:)