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Do we really see the SP getting back to .0015/0.002??
im not so sure but would be very happy with it!
We spiked to around 0.15 on the Traditional IM update 12 months ago last May. A few spikes from 2022 to end of 2023 but mostly averaging somewhere around 0.09 so I disagree. The Neo bank deal dropped around the time of the last AGM would have took this to 0.20 in my opinion. Since dropping back to 0.04 and below this year, I think many have simply lost interest. It’s gonna take numbers now as you say, but I am optimistic they will come.
36 month ago, it would of gone up significantly.
But 18 month ago , probably the same as it just did.
Too many deals signed not come to fruition.
He needs to show revenue in the bank.
Mind you all the revenue in the world doesn't matter if selling outnumbers buying, that's what drives the price up
*WL RNS I mean - not financial report!!
I wonder how the share price might have performed on the back of that last RNS if it had come 18 months ago? My point is - the market now needs news with names /dates / numbers and contracts signed in blood before trusting this crazy little Italian due to the amount of stories he’s told…
WL rns
65% jump.
1 week later back to where we were.
Braveheart cx300 Tues sorry for cross ramping in here heavy as well
Another day’s play by the Algo back and forth spoofing ones. Well next week they may not find it so easy. Next week hope news comes again intraday to knock them right off their game. One whisper of WL IM or that the 135 million Italian stallion is about to gallop forth and this current SP will seem a figment of our imagination. Patience pays here although I am losing patience with fact MM software should pick this spoof trade activity up. No good constantly turning a blind eye! Ultimately this isn’t selling if you study closely it’s buying aided by spoof trading (large short covering tracks)? Someone with deep pockets needs to just come on in and buy a shed load in repeat pops like a machine gun whilst we wait. WL Tuesday intraday? Must be at least on the horizon! IMHO DYOR GLA
LoL! ...and in any case for most of us it's got nothing to do with loyalty , you invest in a company with the best intentions but it doesn't deliver in the way we would have hoped and the SP slowly slides further and further down so most of us end up many fathoms down and we , most of us anyway , are holding because while there is still a chance , however slender , that this may turn around it is better to hold than to cash in an 80 - 90 % loss...
You gotta laugh about the “loyal” shareholders bit of the rns…… wouldn’t think he new the meaning of the word , the little scrote !
They need to get this delivered.
Following the inaugural IM transaction, we continued the progress into 2023 and have taken the IM model to institutional investors. Firstly, through the Open Market Inventory Monetisations taking place that were announced during 2023, and the agreement with the Italian neo bank recently announced. Secondly, by the accumulation of work conducted during the year which resulted in the signing of the White-Label commitment from BBPM to deliver inventory funding to an existing client of BBPM through our IM Platform. The significance of the engagement of institutional investors and highly reputable banks in these transactions cannot be understated. It demonstrates the credibility of the model we have been working to develop.
The unique solution which Supply@ME offers is starting to gain traction in the market which is demonstrable by the tangible progress made during 2023 of the first traditional Inventory Monetisation being executed in Italy. A further such transaction was also fully contracted with the first UK Company during 2023, albeit there has been a delay in execution of this transaction largely as a result of the IM being managed alongside an existing floating charge facility which has required the client company to gain specific waivers from existing lenders. While this has resulted in delay to completing the deal, it nonetheless serves as further proof an IM transaction model can work in the UK, including alongside existing financing facilities. To deliver the first IM transactions the Group has connected through its IM Platform the client company, inventory funder and stock company to facilitate the execution of the IM transactions. This in itself requires confidence from all stakeholders in the accountancy, legal and technology frameworks and internal processes designed to facilitate Inventory Monetisation transactions over the Platform. I look forward to seeing both the client and inventory funder base grow as the model begins to scale.
Ohh, and just to be a pedant, the reader infers, the writer implies.
2G2D - either you are being deliberately misleading, or you are incapable of reading a full RNS. The numbers I quoted are in the 2023 Annual report RNS. They are quite a way down, not at the very top.
You have taken what I said and turned it into a 99% switch which is NOT what I said. (Numbers after here are from memory). What I said is that the UK pipeline has decreased by 99% and the Italian Pipleline has increased by 96%. Those numbers are there in the company's own black and white. I have shown you the words and numbers, I have told you where and how to find them, LuckyBob has done the same. You can lead a horse to water ...
You can spin this as a positive for SYME if you like - look at how well the Italian originators are working - a market AZ has close ties to, one where Banco BPM (not Banoco - just a personal irritant) who are interested in WL operate - a great foundation for growth etc etc.
Comment is free - you can think what you like - but facts are sacred (to expand the old quote).
The way I read it was uk pipeline is down by massive percentage
Italian is up by slightly higher percentage.
That's not saying they've exited the uk market,its just what the figures in the rns say
Don't think he was misrepresenting anything
In plain English richred_uk was inferring that SYME had exited the UK market in favour of the Italian market...it may seem like semantics but a 99% switch has not occured.
Agree with Mister Green there is no reference explicitly citing that SYME has switched 99% effectively exiting the UK in favour of the Italian market thats plain misinterpretation..
It 100% IS in there...
but like so many SYME RNS's is very much open to interpretation.
I feel like you've stopped at the point the normal rns statements end with.. instead of scrolling on.
The title is pipeline
Further down it says region or something
Starts with Italy
Then united Kingdom
The europe (not uk or Italy)
I just quoted that straight from the RNS.
I clicked on the rns , on this site and I went past the chairman's statement, past AZs statement.
Keep going down.
It's right there
LuckyBob23
No!
here's the RNS's
hTtps://www.lse.co.uk/rns/2023-annual-report-and-accounts-8zpyiufqm3hvhow.html
htTps://www.lse.co.uk/rns/business-update-4tzsjudfifd32c6.html
htTps://www.lse.co.uk/rns/agreement-signed-to-launch-a-im-programme-33dc4oq8nk28e8k.html
Just a yes or no will do
Certainly lends perspective to the direction we are all going.
So are you saying this is not in the RNS?
"Client companies from Italy included in the overall pipeline KPI have inventory equivalent to £318.6 million as at 19 April 2024 (£162.5 million at 21 April 2023). It is worthy of note that 59% of this number is comprised of the inventory of one large corporate Italian client. The New LoI pipeline number is £19.2 million.
United Kingdom
Origination in the UK has slowed in line with the market indications that corporates are trying to optimise their cost of funding and the availability of dedicated inventory funding programmes by the CH Trading Hub. As Supply@ME continues to onboard the existing pipeline and build its track-record, this will unlock further related client company opportunities in UK. Client companies from the UK included in the overall pipeline KPI have inventory equivalent to £1.8 million as at 19 April 2024, (£212.1 million as at 21 April 2023). The New LoI pipeline number is £1.8 million."