We would love to hear your thoughts about our site and services, please take our survey 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.
Some interesting comments in the video made by TJ. However the '30X' comments, whilst indicating the size of the potential market we all knew about, must also be put into the context of other points he made.
He said digital take up has been slow (as more needs to be done to ensure people keep their jobs in the supply chain to encourage quicker take up - he referred to the low usage of digitised BL's) + TF was involved with many SME's but could not get involved profitably as Governments do not support these SME's with guarantees/supports, as they do for those companies that the Banks service. So more collaboration on this front was needed.
I think major caution is required at this stage. The take up might be slower than we were lead to believe and SYME may need even more time to get (meaningful) monetisation moving in order to justify a re-rate.
I see volumes low and difficult to sell large quantities. SP looking bearish. Usually another sign that does not bode well for upcoming expected news. Risk management is key.
GLA.
Cheers Johnski thanks for sharing.
I know it's not the done thing to reproduce email correspondence in its original form so, in essence, I wrote late last night to Tradeflow to ask them why they had chosen Supply@ME. Tom James replied to say they were introduced to Syme by industry contacts regarding their inventory monetisation product and initially were looking to be one of their potential inventory customers.
It was whilst going through their process of mutual due diligence on one another than enabled them to learn more about each other’s businesses and that they all could see a lot of synergy in the combined business.
@Victory1
I said a long time ago, Extrader and Co are like the weather, another day, another attack, they are on a 'loop' 24 / 7, they want us to be interested in their 'mutterings', even when you answer their latest question, they will return with questions that have been answered before. Lucky me, I've been filtered by Extrader.
Been here a year now and the number of times Ex has cried wolf. Started with TW and now it's TF. Tomorrow it will be TT and the day after TD. Honestly it's all TP. Like most shares it has gone up and down periodically.
Ex,
Your deramping has turned a bit lame.
Find another board to be resident pest, maybe you'll do better and get a pay increase.
Thanks Parm.
My Mum, bless her soul, said you should always kill people with kindness.
I apologise if I have been on one; I struggle to resist his challenge!!!
steve
https://twitter.com/ParzivalPtnrs/status/1397487000991698945
Ex, this is so much fun; it's like were on some kind of dating app. Not sure if I should tell my wife about you or not....
You are wailing a bit; I find it kind of cute if I'm honest.
RNSs taken at face value - come on Ex, we live in a manipulated society where the rich get richer and the poor get poorer. I don't take a single word I hear from anybody as being genuine; I think they call it realism?
"As MY son would say :
'Refute....or retract'.
As MY so"
Your son is your son and I have absolute respect for anything he says; it's called being a good person and I wish him all the best.
Just a query, is it him or you that says 'As MY so' after the 'Refute....or retract'.
Hope your not going to bed yet, I'm loving this exchange, though I'm guessing the 'off piste' is causing you a little anxt?
.."I've said before; you may be right and I may be wrong, but I am not so naïve as to bet my shirt on it at this point, or claim an absolute. Keeping your powder dry is key .."
At last, something we can agree on .
Good night !
;->
You are a bit too binary for my liking.
Too many scripts and not enough thinking on your feet.
The pace of business changes and people adapt.
I've said before; you may be right and I may be wrong, but I am not so naïve as to bet my shirt on it at this point, or claim an absolute. Keeping your powder dry is key ex.
Open mindset, or closed mindset? You seem to be the latter, which is very sad.
.."Today is 21 June 2021; why are you wailing on so much?.."
I'm not wailing on so much, I'm simply pointing out that SYME's RNS's cannot be taken at face value.
With concrete examples.
As MY son would say :
'Refute....or retract'.
As MY so
Suggest you read the bb a little more, even twitter will tell you who helped facilitate TF!!
As for Equity I emailed Syme and got an answer.. not that hard to do!!
May even have mentioned it in his interview the equity wanted was too much and the CLN was chosen as their preferred route!
But of course Ex and crew are here to help us investors, not in any way undermine the co. or cast doubts!!
That is why he posts close to midnight on a share he is not invested in - for us!!!
We are truly grateful!
SYME itself told the market it would be issuing equity to pay the cash element of TF. So the question of borrowing doesn't (or shouldn't) arise, for you or anybody else.
"The accounts are legally required by the end of June (unless any Covid flexibility applies).
SYME has voluntarily given several earlier deadlines, each of which it has broken."
Today is 21 June 2021; why are you wailing on so much?
You have turned from a semi-educated (yet incredibly convoluted) person into a desperado; it's not a good look ex - as my son would say, 'you have no streets'
"Who are TF's professional advisers ?
Thanks"
Desperate question ex; how the hell should I know.
Are you suggesting they have done this without professional advisers? Wow, you are clutching....cloth or straws; I'm not sure
"Glad to see that you now appear to recognise that SYME is borrowing to part-pay its acquisition of TF, as opposed to the equity raise proposed until a couple of weeks ago."
Lost me; when have I ever said they would not borrow to part fund?
The accounts are legally required by the end of June (unless any Covid flexibility applies).
SYME has voluntarily given several earlier deadlines, each of which it has broken.
Who are TF's professional advisers ?
Thanks
"How much is bank funding, for this level of advance..."
Glad to see that you now appear to recognise that SYME is borrowing to part-pay its acquisition of TF, as opposed to the equity raise proposed until a couple of weeks ago.
That is such a rubbish post ex.
The accounts are due for publication by the end of June; you know that and I know that.
Save your diatribe for that date, as before it, you are wasting your breath, as you well know.
More fool me, I actually thought there was something about you; you have proved me wrong
"(2) Negma has charged 12 % up front, a higher rate than it's been said the typical ('only good credit') customer was expected to pay."
Read the RNS properly ex, it is there for the educated to see why they are paying the 12%. I know you know, but you can't admit it because it shoots you in the knees....
How much is bank funding, for this level of advance......
".."They will have 'evidence' via their professional advisors, of where SYME currently is and where it is going. Copies of management accounts, signed agreements, details of funding, evidence of partners etc etc etc..."
Now who's speculating or making assumptions....?
;->"
Neither speculation or assumption; it's how professional advisors avoid professional negligence claims.
Fact Ex, like it or lump it
As recently as 26/5, the cash element of the TF acquisition was fresh equity. And the 2020 accounts would follow shortly.
.."The Company intends to fund the initial cash component of the transaction from an investment of fresh capital being finalised with a group of new institutional investors.
.......
Following the achievement of this important milestone for the Company, SYME is pleased to confirm that the 2020 Statutory Audited Financial Statements are being finalised, with publication expected next week.."
The new institutional investors haven't materialised and the (evidently in SYME's view ) associated finalisation of accounts hasn't taken place.
The source of funds for TF acquisition - and linkage to production of the 2020 accounts - was repeated 9 days later :
.."the Company confirms that it will now publish its 2020 Accounts following completion of the funding facility with a group of new investors."
12 days later, this has morphed into a loan facility that will be used to
.."-- support the completion of the acquisition of TradeFlow Capital Management Pte. Ltd. ("TradeFlow");
-- meet the working capital requirements of the Company and support new potential strategic projects; ....."
and the Company is silent on when the accounts will be released, even though the apparent pre-condition of funding has now been met.
That seems to be where things stand now.
IMO
Seems nobody mentioned the two obvious reasons TFC opted to merge with SYME.
They effectively get paid ~£8m (reason one) to effectively become an LSE listed company (reason two).
There may be other reasons of course, but these two seem blindingly obvious to me.