Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
ARahim. I firmly believe AZ is complicit in the ii’s campaign to gain shares as a condition of their wider support and further investment. The touted change in his communication strategy and the lack of updates has happened at the same time they have benefitted from an artificially depressed SP.
Not deramping as I feel that this will most likely benefit long term holders eventually but it has undoubtedly been at the expense of less powerful PI’s.
Demon - I’m not trying to sow seeds of doubt. I’ve been upfront about what my concerns are and ask a lot of questions and pick holes and probe where I feel gaps exist. Downside research is vital. This is the second time in the last week or so posters have been admitted to being burned by this not meeting their expectations in the timescales required. Someone mentioned it earlier that it’s slowly sinking in that this is a slow burner and not a get rich quick scheme.
I’ll discuss any aspect of this with anyone who can hold an adult conversation so you have no worries.
Could anyone please, comment on ii relation with syme and the 30% limit. Does AZ has any power to stop them from trading sp at such low level? What are the obligations of each party. Why they being allowed to accumulate at open market .??
Ii's investing for me is a HUGE positive, I also think for the holder's it's better in the long run.
AZ has been clear and transparent and ultimately for me nothing has changed with the fundamentals, if anything we have moved forward substantially.
Maybe easy to say for me as I'm very long, I have freed up 5k (Amazon) and slowly doing a move to the HL in 5k lumps, I'll then leave the rest in my fund and share account.
The old saying time in the market beats trying to time the market comes to mind.
Fully understand if people have come into unforeseen circumstances though.
Good luck all, fingers crossed this will come good for us
II's investing also @AP The push to make it happen quicker is clear.
Demon123 you are a fool. I am heavily invested in SYME and I believe long term holders will make a decent return. This belief doesn’t stop me asking questions or speaking an honest opinion regarding what I am now seeing as a very carefully targeted campaign to strip PI’s of shares and hand them to AZ’s new rich friends.
I am holding my shares, and my nose, because this behaviour stinks.
Let the adults speak.
Thanks for that breakdown weather geeks, syme have certainly come along way since operating.
The potential is so Hugh going forward and only a matter of time before that's reflected in the sp.
Appreciate all your posts on here, certainly helps everyone on here so thanks.
Weather, when you view the list, activity dramatically increases from September onwards,
To me this represents the ongoing scaling up process, previously announced, in actions.
I only expect the intensity to increase going forward,
IMHO
It may have just listed, But SYME started this journey in 2014. The money hasn't been dished out without serious proof of a working platform and the demand for it.
SYME Timeline
* 2014 — Business originally founded as part of the AvantGarde Group.
* 2016 — First pilot project, inventory monetisation for an electronic goods ?distribution company
* 2017 – 2018 — Second pilot project, for a major Italian meat processing ?enterprise
* 2018 — Supply@ME established as a separate entity within the AvantGarde ?Group via a NewCo structure
* 2019 — Partnership formed with SIA SpA to extend the technology ?platform and completion of the new legal structure focused on a scalable ?securitisation framework
* March 2020 — Supply@ME attains a UK stock market listing via reverse ?takeover deal with ABAL Group
* April 2020 — Supply@ME engages StormHarbour Securities LLP to manage the distribution and placing of securitisation notes.
* May 2020 - Initiation of research by Proactive
* July 2020 - Directors increase holdings
* July 2020 - Senior Management appointment of Stuart Nelson, former S&P senior director
* July 2020 - Trading update, 2023 target beaten. 97 companies and 273 companies on self funding. 16 Funding Investors found. Multiple banks in talks, UK pilot launching.
* July 2020 - directors loans shares as collateral.
* Aug 2020 - MOU signed with iMass LLC Abu Dhabi
* Aug 2020 - 4 hubs - London, Abu Dubai, USA & Europe announced in interview, UK Multi billion £ companies approach SYME
* Sept 2020 - Signs deal with EPIC with target of 250 companies for 2021.
* Sept 2020 - Institutions take stakes in equity via 1AF2 and want the whole 1st securitisation.
* Sept 2020 - Demand from Investment funds, private equity and multilateral financial institutions supporting businesses that are promoting post COVID growth
* Sept 2020 -UK Pilot complete negotiating a funding term sheet
* Sept 2020 - Agreement with 2 Italian Banks, One interested in long term partnership
* Sept 2020 - Finlombarda tender to service local SME
* Sept 2020 - A Shari'a assessment on the Supply@ME Platform provided by an internal specialised department of a global bank has been positively completed. This Bank has also identified a local Funding Partner available to support the UAE Programme of SYME and iMass
* Sept 2020 - Strategic inventory funding agreement for up to €8bn over five years with acquisition of Bank in Europe
* Sept 2020 - CEO takes out call option at .69p
* Sept 2020 - Trading Update revels £8.8m in revenue by Oct 2020
* Oct 2020 - New auditor appointed
* Oct 2020 - Strategic Agreement to launch in The United States
Interesting thanks. It would be great if it could be rolled out that fast. I suppose if you think about it in banking numbers it’s not actually that much money.
Just seems a large sum for a start up to have sat waiting in a bank to help dish out.
Thanks @WG
Sometimes I feel like banging my head against a wall.
We already know enough for SYME to be a success. Just off the Captive Bank. People keep ignoring this and are focussing on silly things like announce a client.
As we know, we'll need a few more ER's with hard proof showing the companies success and continued year on year growth before the 50-100 P/E ratio range. It will come though.
As you highlight there are other revenue streams too. But as things stand just a few more financers will be a game changer. USA coming ahead of schedule. Captive Bank won't be enough.
I await Storm Harbour and Italian Bank news rubbing my hands. My question is, where does SYME go from here. Is it going to focus the EU, UK, US and ME. Or is AZ going to be like no, we aren't slowing down in terms of markets and territories and begin the work for me. Even though the markets SYME will be operating with in 2021, are huge.
At a guess, I would say the £1.64bn given in the RNS figures minus the €300m which would already have been done for March 2021 securitisation. That would leave £2.36bn for the Oct2021 securitisation if it was to be done by then. May be split more into the March 2022 securitisation.
WG - do you have any indication of how much the second monetisation is going to be? With the first one being only €300m and a six month gap between the first and the second I’m struggling to see how we can hit €4b monetisation by the end of 2021.
I know the RNS says the money will be there but I’m struggling with the application of it in the timescales stated.
Plus AZ only has a team under 20 people? I’m assuming there is going to be a massive recruitment drive?
Hi chaps, Just reading through and catching up. You can apply forward PE with what's been issued in the RNS, you can also apply a forward rolling PEG as I did in my last breakdowns. Yes there is lots of unknowns but we do know we are projecting €4bn in inventory funding in 2021, going to €8bn in 2024.
That doesn't allow for any income for self funding and licensing of the platform, any income for Insurance broker fees or any income for data collection.
Institutional investors manage funds with a long term view. With just those figures RNS'd and the current share price today. It doesn't take a degree level Accountant to work out your return will be staggering. It's what I've done and why I've gone in big for me. It's pretty rare you get a chance like this that often where you are given 4 year minimum projections.
The Bank will be higher profit so all £8bn will see a 1.5% net profit. Some argue costs of running etc. However that has been taken into consideration with the 3% fee. 1.5% is costs, 1.5% is net profit. 1% was confirmed to me in an email, then the bank RNS upped that profit margin.
So if you are an Institutional investor. Your looking at the next five years for income and growth. In SYME you have found both. This will pay dividends. It has no debt, no bond holders. The figures below assume only £8bn in inventory by 2024. We know it will be a lot more by then. We also know this will cycle and cycle. So future earning are guaranteed therefore maintaining share price growth.
£8bn in inventory
£240m in Revenue @3%
£120m in net profit @1.5%
Earning per share £0.00366
50% Paid as dividend £0.00183
Current buy price for the past 6 weeks £0.005
If we take the dividend. That represents a 36% return per year on todays investment come 2024.
If we take the earnings per share, and work out the potential share price.
PE of 10 = 3.66p = 632% Increase
PE of 20 = 7.32p = 1364% Increase
PE of 40 = 14.64p = 2824% Increase
PE of 80 = 29.28p = 5756% Increase
As @AP has stated, why do you think the investors have bought the controlling company TAG? That's a pretty big and bold move and tells me all i need to know, I was correct in my assumptions, this will return serious figures to those in at .5p
Happy to hold. Looking forward to the long term compounding.
GLA
JR......no wonder is in the top 10 most bought stocks on HL!
So if this is the most bought stock on HL why doesn't the price go up..?
To give it some perspective from the RNSs in twelve months time the Middle East pilot might almost finished.
That's why this company is so exciting to be invested in, nobody can rule out any future sp! no wonder is in the top 10 most bought stocks on HL!
Wow one year and we will be in higher ranked in the ftse 100 than BT ??
It is indeed very exciting ala NCYT esqe !! all very special, obviously the company would have to really take off in the next 12 months or so but that's what I'm personally anticipating otherwise I wouldn't be heavily invested here would I! xx
Jones Richard is saying slice at 30p ..... that’s really exciting because I can’t wait for SYME to go from 150mil mkt cap to 9bil mkt cap in less than a year. Truly astonishing stuff
Yes £ would be nice obviously but my personal first top slice target is 30p which I'm confident of seeing possibly within the next 12 months presuming that everything progresses here as I am expecting. GLA genuine LTH's here.
You cannot apply a P/E ratio to a start up as there is no profit. You can’t apply it to a company that makes a loss in the period you are looking at either which is why you would look at multiples of revenue as a potential basis for valuation. Although tech companies generally have a high multiple on most metrics they will often have the most potential due to modern world, etc. Throw COVID into the mix and it’s advanced a lot of them 5-10 years in six months. If you look at a company like zoom it’s phenomenal. Look at the Snowflake IPO, crazy stuff. They have to grow into the valuation though.
Morning Guys,
RE - PE
I have read this is profit not revenue and normally established after qtr4? S
Some have also said revenue but that is not what my (limited) research says?
AP you recently mentioned applying different PE multiples as this is Fintech not Financial, I get that.
PE, I assume mm's decide what it is? If not applied till after one years profit/earnings are declared how does this multiply?
ATB
Valencia, totally agree, that’s why I am only posting here, my only investment outside NG, sold gold,
I have said this is special, nothing has changed that view but recent events had reinforced that personal view
But it is IMHO