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super frustrating bet, this one for me.. and If only I had a grand for every time I said 'jam tomorrow' here..
They've kept the full year targets at least and so have to be confident in v strong second half..
And I still believe strongly in this... and so more patience - again - required
i'll certainly have served my time if and when this company moves on up to the next performance level ..
RNS . a changing model me thinks planned well could do good . but slow burn , and capitol raise always worrying . sales sales sales ....im hoping , but wont be tomorrow .
good luck .
The warrants at 25p will also likely get exercised when they are in the money providing extra funding for further growth via a long term holder rather than a discounted placing to flippers and traders. Overall I am pretty comfortable although we will inevitably dip today.
Frustrating as it is to read this update I don’t think it’s a case of back to the old sym. We haven’t left the current sym behind yet. We’re still in the transition phase to a growth company with global market opportunities and a large institutional investor with access to much more info than us is continuing to build a significant shareholding. Many individual investors seem to a time horizon of weeks so will be frustrated but patience will be rewarded here in my view. Still worth accumulating shares at this level.
It’s not the H1 update I was expecting and hoping for granted, but it can be seen that the company is repositioning itself to facilitate the rapid growth that is coming. Jam tomorrow maybe, but I do believe it’s coming and in large quantities. Getting the equity subscription closed is obviously the reason for the delay announcing and at just 5% discount and to a supportive long term and major shareholder is actually pretty good. They clearly have confidence in the company.
Back to the same old SYM. Late announcement of much lower revenue than expected. Jam tomorrow. Another fund raising because no doubt cash is now very tight.
I had a bit more of a look at this. Quite big - $400m sales in 2019. Has been bought by Temersek (Sing sovereign wealth fund) who are an aggressive and savvy bunch. They would not have invested if they didn’t see Rivulis as s fast growing.
Insects are a big problem for drip irrigation - damaged pipes lose not only water, but fertiliser and require more labour for repairs. According to the Rivulis brochure SYM’s additive reduced the instance of successful insect attacks to nil (one of the other untreated pipes had 66 attacks). Means that the pipes can be made thinner (one response to insect attacks is to make the pipe much thicker) - so less material/cost. The constraint on deployment seems to be making sure not subject to regulatory approval (or getting it if so). SYM treated pipes only in four countries so far and Rivulis operates in many more countries than that. Also it seems that the pipes (or tapes) are only used for one year. So constant replacement cycle.
I did wonder that. They are stretching the definition of “around mid July”. I hope it is not due to bad news. I am not expecting a profit but hope they will be much closer to break even. The action should be in HY2 and beyond. It will be interesting to see if/how weak Sterling benefits SYM. It could be significant particularly going forward as Bailey dawdles on rate rises.
Holding off to get another deal signed, maybe?
Tomorrow must be the last date in respect to mid July so fingers crossed its then
WHEN ?
Yes hopefully get figures for bread and gloves!! See how much of that 40mil a year they take up!! Exciting times
Shouldn't be long before Sym issue a trading update, be interesting to see if there's a update on guidance
has it been a sell on good news day ?
This is a great reminder of the range of applications Symphony’s tech has. Huge potential here in my opinion.
Another Excellent RNS this morning .. that as well as noting a good actual contract value figure too, reminded me that the opportunities for the application of Symphony's leading/ patented technology are very wide ranging indeed ..
The potential is clearly very large inded here.. and while translating that into strong a bottom line has taken longer than hoped for it seems we're going that way .... and I'm very excited by this share going forward ...
And topped up again this morning too !
Generally, if sales ratchet up here going forward like they clearly could do, this company could be in the hundreds million market cap soon enough, instead of the few tens of million market cap it currently is
Excellent so with this order we're 1m down this year excluding grupo? With further orders it basically makes the grupo contract net profit with hopefully Indian orders to add to the balance sheet!! So cash positive h3 finally
Close to £400000 of sales in 2022 with Rivulis Irrigation Ltd and expecting more by year end. Compared with £50000 for 2021.
Agreed! Looks like sales only to 4 countries so far in rivulis global coverage and management stating expectations of further orders this year. Great to see sym delivering on what they have been indicating recently. More evidence that this is an inflection point for company sales and profits
Excellent news this morning with reassuring sale figures
Yes it’s clear in my opinion that he was emphasising how significant the contract with Grupo Bimbo will be to a company like SYM with current revenues of £10m (ish).
Not heavily invested here but the market does not seem overly impressed with the latest news. How much is the latest contract potentially worth? We can only guess! Will sit on my hands until some solid figures come in.