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FB I’m probably on the same level of understanding as you, but on the other side of the argument... I would never claim to have the knowledge of WG or Extrader on business and share dealing. All I can go on is what seems about right at the time. I shall disappear from this board again because I know you only want happy clappy, the world is made of magical fairies kind of posts on here. Will keep a watch because, as I said, this is an entertaining BB and fantastic for research on human behaviour. Wish you all well and good luck.
Holly14 thought you sold out some at a profit around 25th August are you still holding gla
Many missing the manufacturing angle here.
@FB
I was hoping to be challenged more by an "ex accountant"
@Before Golf, your one of those that farts in a lift just before they get out aren't you? haha
Before golf a member since 7th September another muppet filtered. Next
Oh here we go again
“no proper information formation backed up by more than the word of just one man.”
So forget RNS’s they don’t count
Little one went to bed, wife watching trash TV. Thought I'd become a keyboard warrior for the night.
Watch this BB time after time succumb to individuals who are ill-educated, poorly researched and have no understanding of commerce in any respect.
My favourite voice of reason and counter is extrader, at least he/she has dome credible counter arguments. Some I share myself. I do have my reservations here I've openly said, but also incredibly bullish, and all my thoughts are based on reality rather than 'just enough vocabulary to generate some emotion without any legitimate knowledge to support'.
Apunter.. as they say about all share dealings, you ain’t made nothing till you sold it.. Good luck.
Holly if you make something and it costs you £100. And you sold it for £100 ..your knackered before you even start lol .
Futures bright. I’m happy being thick as sh*t and £6 better off than being really clever and £6 worse off... Had a watch of this board over the last month or so and I have to say its the most entertaining of any on LSE.. As I said, I will happily invest back in when we have some proper information backed up by more than the word of just one man. Please filter me. It would be an honour...
FB.. fair play LOL
@Redbox, a wonderful comparison, and one that I would be relatively proud of!
Your post is just one of the reasons that I do pop back here every so often. The cornucopia of of expressions of knowledge, interest, expertise and pure faith that are posted here are just wonderful!
off now for tonight ;-)
Holly - ever repaid more than you spent for long term growth and financial security in the future?
Ever owned a house? You pay double over the course of a mortgage term, but still worth it right?
Moron.
Holly if it's not credible (not for me to say if you're thick) why are you here???
You are thick as sh*t Holly. One thing you understand at least.
I work in FS, at a pretty good level. 85% of the Accountants I've ever worked with are shocking. I even have to tell my own about tax reliefs available to me.
BG, perhaps I was a bit harsh. Accountants annoy me, particularly ex-accountants on BBs who have no idea about the inner-workings of the model they seem to be casting doubt on. I don't know why you'd waste your time.
I’m probably being really thick here, but if you have something worth £100, and you sell it for £100, then buy it back for £106, somewhere along the line your accountant is going to say, “you lost £6”. I may be a thick sh*t but ffs who believes this is credible!!!
Says he's qualified, essentially admits he had no idea what he's on about, kisses the arse of the individual who he attempted to test, then f*cks off to bed.
Mate, you can't bring out the big guns like that when leave when you've been outed. You've just completely discredited yourself.
A man with your knowledge and qualifications surely has a counter-argument from an accountancy perspective to discredit the intricacies of the model?
Every day inventory is not sold it costs the company,
Using this model part of that cost is paid upfront,,
AIMHO
@Parm
because it is a fun board! the extremes are bloody amusing. No other reason
Perhaps it should be viewed more akin to someone else paying for the material, excluding labour, overheads and profit.. once inventory is sold you pay back the materials value
huge boast to manufacturing industry that will be..
ah well, I tried! It was a very simplistic scenario just to illustrate that nothing comes for free, but from simple to complex seems to be the way of things here!
I shall jump off now as I have no interest in getting into a discussion about the finer points of corporate financing. It seems that @weathergeek has got the market cornered here (BTW @WG, that is not a slight upon you. Fantastically positive and focused as always!! )
Have fun all. I shall pop back in at some point during the week just to see how things have progressed. Hope it goes well for you all
BG has admitted he has no investment here, sold up ages ago. Why would an ex accountant (apparently) be so active on a penny share BB I wonder???
BG is also forgetting to do the example if the company did get a "loan" as that ends up in the liabilities section.
Bangs head against wall.
BG you are completely ignoring the fact that these companies need access to working capital.
Your hypothetical scenario assumes companies simply trade inventory for cash. If they didn't need cash they wouldn't sell their inventory for a clip of its value. They do it because they want access to capital for growth,k restructure, refinance etc (which has future valued stored in itself but will ignore for this purpose).
Obviously doing what you suggest would not be a good business move. What you need to compare is the position should they use SYME's service - VS THE POSITION SHOULD THEY ACCESS PUNITIVE DEBT.
Glad you're not my accountant.
As WG states this is not debt in the sense of going on the balance sheet. Even if it was with interest rates this low does not mean credit lenders would lend slightly above base rate. Look at what companies debt trades for to get an idea what alot pay, many are above 6%.