Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', 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.
In the past news by xxxx date has resulted in a rise and dump on news, this time it is playing out differently, so hopefully a rise on news and no dump, hopefully following on with more good news,
At least we can not get an april fools rns this year!
Mitch,
"TradeFlow was valued at approximately £31 million at the time of the TradeFlow Acquisition by an independent valuation company. This figure was included in announcements published by the Company on 26 May 2021 and 6 July 2021.
· On Completion, the Company paid £4.0 million in cash and issued 813 million new ordinary shares in the capital of the Company ("Ordinary Shares"), each such Ordinary Share being issued with a contractually agreed value of 1.1 pence each (or £8,943,000 in aggregate), to the TradeFlow Directors ("Consideration Shares"). As specified in the 2021 Annual Report and Accounts, the fair value of the 813 million Consideration Shares issued was £3.1 million based on the then prevailing market price per Ordinary Share.
· The difference between the fair value of £31 million and the fair value of the amounts transferred by the Company to the TradeFlow Directors on Completion comprised future earn-out payments that would be made to the TradeFlow Directors if certain revenue milestones were met from financial year ended 31 December 2021 ("FY-21") through to financial year ended 31 December 2023.
· On 18 July 2022, the TradeFlow Directors were each issued with 106,762,760 new Ordinary Shares in relation to settlement of post-Acquisition earn out payments for FY-21.
· As part of the TradeFlow Restructuring, the Company recently commissioned an updated valuation report for the TradeFlow Group. This valuation report was produced by the same independent valuation company as was commissioned in connection with the Acquisition. This most recent valuation was dated 6 January 2023 and valued the TradeFlow Group as at 30 September 2022 at £25.6 million."
The valuation dropped from 31m to 25m.
We payed 4 million , some Shares and then one payment of more shares.. then we never finished paying for it.
Mr flanalist has not yet told us why he spends hundreds of hours talking about syme
ATB all holders
#skeggyboyz
The other xrick turns up straight after.
Firstly, at the Completion Date expected by the end of June after the finalisation of the necessary regulatory and administrative procedures:
· an amount of £4 million will be paid in cash; and
· the Company will issue 813 million new SYME shares at market price to the TradeFlow sellers which represents less than 3% of the Company's issued share capital.
Secondly, earn-out payments covering the period from January 2021 to December 2023, made in cash or shares at the choice of the Company, based on TradeFlow achieving annual revenue targets commensurate with the business plan that underpins its valuation. TradeFlow has been valued at approximately £31m by an independent valuation company. The valuation is based on the positive track record of funds launched, the Intellectual Property rights related to the proprietary digital platform ("TradeFlow+") and the TradeFlow business plan to 2025.
SYME’s stake in Tradeflow was fair valued by SYME based on sale price of £2 million for 81% stake at just £352,000.
In SYME’s 2021 accounts you can see that when SYME purchased Tradeflow it paid just over £7.1 million upfront and had a further £4.5 million in deferred consideration, a total of just over £11.6 million.
So I don’t think SYME will be getting £6 million for its 19% minority stake in SYME.
AZ either surprises everyone and does more than expected with Banoco BPM liking the WL IM product with the bank providing a working capital funding line, or it simply flops with share price crashing down to sub 0.0002p and funding becomes a major issue as cash dries up.
I don't consider AZ or SYME to be a fraud its just a very hard business model to pull off with lots of moving parts and I think he is very close to succeeding.
Everything you say finishes on a negative spin.
The Company has recently received an early stage expression of interest with regard to the 19% ownership stake that it currently holds in TradeFlow and which it is in the process of evaluating. Alongside this, the board of directors of SYME is in the process of considering and evaluating its longer term options with regards to its remaining 19% stake in TradeFlow.
19% of £31m. I'm sure TFC value has increased if first valuation was true. £6m would help at this stage.
Latest 2 deadlines BY eop next week. WL will see a long awaited jump, my prediction next week .12 so increases coming up.
Thanks for the answer Peakhope
And chewy8uk I agree the company needs to get to profitability so there is no more risk of dilution before the price will sustainably rise. So they need to do a big fund raise now to see them through to profitability and remove the doubt
If WL will be completed and it looks like it will be the gate opens for syme to generate dosh, lots of dosh. No worries about funders, zero risk for bank, they have incredible amount of clients which they will obviously offer this to them. Banks clients will take it as it's a no brainer opportunity. Bank making hell of £££ and syme as well. Other banks will follow, why they shouldn't? Banks love easy money 😉
Cannot wait for news, again feeling exciting about this stock. This dog has a big chance to change finally to our dream unicorn. GL LTH's
Its a £3k sell.
No big deal.
Having lots of WL happening is no guarantee share price will rise.
Syme could be making 5m a year and we could still be stuck at this sp,nothing is guaranteed here or with any other share.
AZ worried about keeping company running and getting his wages, so if that means more dilution and lower sp then that what will happen.
To raise sp, needs to be high demand for shares,at moment nobody trusts him.
What is there to explaining?
This has been going on for 4 years.
Only the first few years it was blocks of 20-40m and they were worth a lot more money back then.
I don't doubt he's trying his best to get this to a functioning business and beyond.
But making a pledge to buy shares if the price gets to X is nothing less than a dodgy ramp.
The whole tradeflow deal was dodgy.
The valuation of syme at rto was dodgy
Plenty of other dodgy announcements being made.
Lots of things brushed under the carpet, which is dodgy.
Background trading = dodgy
Above all else AZ is a business man and will want the company to succeed - he will put the company before shareholders , personally I don’t think he is devious or conniving he’s just struggled to deliver as yet , my post read some would have us believe he is slippery and conniving - I think he’s trying is best and had to take different routes - I believe he will get us there and deliver 🤞🙏
Can someone explain how the person who sold 10m shares at 16.11hrs today has made any money?? I’m really struggling to understand why anyone would sell at this price, especially with talk of announcements at the end of the month! Am I missing something??? Someone please explain🙈
Just took another 1m again.🤣
Steady, nice top up.
Done the same thing myself over the last 5 weeks but funds now needed elsewhere.
Been here myself since July 2020 and holding tight, down loads, and for some reason this month waiting on news just seems to be the longest month ever.
Fingers crossed, everyone who has supported the company deserves a positive result.
Good luck all.
Which of the 300+ TG groups are you guys referring to, if you don’t mind my asking??
Since first investing in SYME in mid 2020 I’ve always been a member/admin or owner of at least two TG groups.
In all honesty I have to say - to this day, I've not once been privy to a single piece of information that’s been proven to put me in an advantageous position over any other private investor. To be any good in this game you need to learn to accept your own judgement and not seek advice from others. Nobody knows any more than anybody else at this level and that is a fact.
As usual it’s good luck all and good things “sometimes” come to those that wait….😉
Got myself another 1m.Why not ? 😁
In my view AZ must be an intelligent man to get where he is with his career history.
I am pretty sure that this has been one big learning experience for him. To process a concept from paper to delivery, especially when trying to play in a “club” full of divas, dictating what they what and each “investor” having their own due diligence process.
If you look back at the RNS’s I suspect, at the time, they were valid and had to be disclosed. But in the landscape of the pandemic, global upheaval and the aforementioned divas, things change.
I have noticed that since Albert has come on board the RNS’s have slowed down…perhaps the steady voice of reason, rather than the excitable flamboyance we had been accustomed to.
Just my thoughts…
If we were to equate SYMES progress to a horse race, and let's face it - it would have to be over a marathon trip that would make the grand national look like a five furlong sprint , then we can safely say that our runner is travelling like an absolute dog!
The grand national is actually a handicap and our handicap is that we only have three legs , we are pulling a fully loaded milk float(no doubt AZ hopes to monetize the milk)and our jockey is facing the wrong way and seems to have got his whip stuck up his ask no questions (apparently some people will pay good money for that sort of thing)...
On the plus side ...
We are still standing...
We are still moving , albeit at an almost imperceptibly slow speed...
And we are , I think , going in the right direction so...
we can but hope 🤷🍀🤞🏇
G L A
And there’s plenty in the same boat here sadly ! Wake up AZ 🤦🏻♂️
That's the bottom line , there is nothing we can do but wait. In my mind 90% down which translates to a personal loss if I sold to be in the tenths of thousands pounds down at this point I see it as a possible loss.
Peakhope, you imply AZ is ‘slippery and conniving’. So do you think a person with such character traits would work in the best interest of shareholders? I always thought you considered AZ to be on our side
Are we having another week of no news, I hope not. It's time for news.... hopefully good news