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can I get people's advice please...nicely now
I am in two stock, Syme of course and Vela. Vela is due a result for sure this month and it will probably be good news, but, knowing my luck it probably won't be! So, I know people will say 'nobody can advise you what to do', for obvious reasons, but what would you do in the same circumstance? sell shares in Vela and buy half a million more here? or do, as I am doing, wait and hope that Vela comes first to increase shares here with the profit? but by that time of course Syme will not be at this price.
Any thoughts around the dilemma, be as vague, hopefully not rude, as you like.....
I am also in VELA and SYME, My advice would be don’t be greedy and just sit and wait, they are both going to go at some point, every time I have tried to be clever and get greedy its back fired, Clever and me don’t go hand in hand, Patients is the answer.
Johnski - I was offered some advice with regards to putting all my eggs in one basket - I took the advice and purchased some shares in Forbes venture who the went into suspension lol - I could of had £2k more shares in syme ! Forbes are due to be reinstated in a couple of weeks time and during suspension they secured 40m litigation funding so hopefully they will reinstate on an upward trend - so I’m hopeful in will come good - I have the same dilemma - purchase more shares in syme while prices are so low or purchase shares in vela, HE1 , zoetic or something else - thing for me is no other share gives me the exciting prospect than syme does - I can see syme/Tradeflow in a couple of years being massive and I’m prepared to wait - so for me it’s more shares in syme until I reach my 5m share target - then I might look at others - please don’t take it as advice I’m just sharing with you what I’m doing. ATB
Peak - Are you trying buy every share that TW has written articles against lol There's a lot of them!
Havoc - just my luck lol - it was a race between syme and Forbes as to who got their funding 1st - it looks like it’s Forbes but their still in suspension I’m hoping AZ can get us over the line by the 16th Aug and pip Forbes at the post - giddy up AZ
I didn't give For a look in. fair too much cross ramping between us and SYME for my liking.
As soon as Forbes relist and I’m in front I’m out and all in syme - I should be the last person to follow - both the holdings I have ever owned have both been in suspension lol I look at my dealings throughout my life and know no matter what happens I’m way out in front overall !
Best wishes all LTH
Peakhope
You triggered my skepticism. After being able to average down to .37, might need to sell some, fearing a suspension not a drop in sp. lol
Brisket - lol think we've been through the worst and the best is yet to come - IMO only funding left on my tick list to do and that's coming 30th Sept or sooner - the weeks keep ticking by and the client list will be growing by the day - it will be nice to compare the last trading update with the next and see how far we have come .
Best wishes all LTH
It'a a gamble.. greater returns in Syme however it's higher risk and if we don't get the funder it'll probably be all over.
Where have you got 30th of September from now?
The time line of everything keeps getting pushed back weekly!
I would keep your hand in both, thats what I am doing. . . Whichever goes first, flip the some /all of the profit to the other, is one strategy.
Were has 30th sept come from have i missed something
@Johnski
The idea is protect your money, and you sound confident Vela will return a profit. Syme's business is IM, and AZ has not managed to fund a client, although since December it has been about to happen. When the 1st happens and if further IM occurs then 0.5p will be cheap, and it will have to double to get there, so there will be time to get back in so may be its worth investing your profits in a third share not so risky and build your funds until first IM happens.
Once your money is gone your out, I am down 50% on this after almost a year..
How much IM would have to occur to achieve a .5p SP. Why not .3p or 1.0p or 10p. Complete guess work with no analytics under pinning the SP and thereby MC to the value if the business. I understand the future market opportunity but no one is coming up with any logical link between the SP and the size and stare if the business. I think you are saying market sentiment would take it to .5p but that is a 100% guess ….it could barely rise IMO until any IFRS clarity is provided
Fair enough Brass, but if IM starts to happen does'nt that kind of suggest IFRS clarity?
Dai2 ……I probably agree …..and I suspect that maybe the bigger problem than funding/bank ……companies up for this would of course consult with their in-house and external accountants. Accountants in my experience are conservative and cautious by nature …they never go out on a limb as their professional credentials are on the line. Therefore they are likely to look for regulator/industry consensus on this which is currently not there apart from thus AZ myth that 2 of the big 6 have given the thumbs up. If they genuinely had those 2 companies would be on record as such ( as it’s good PR fir them) and from AZs point of view he would 100% name them as there are clearly no issues of the infamous confidentiality clauses that he drags you when he wants to hide something and if he could name them he knows full well the impact on the SP would be dramatic and solve all his woes. IMO it’s the biggest blocker ….yet no one will have it as such because it could scupper the whole thing…all IMO DYOR
People have provided their projections, rampy or otherwise, underpinned with their rationale, which I think are not completely unreasonable. Investors are buying into a business still in start-up phase, so there's an element of the unknown in terms of how income derived from monetisation will impact the SP, but money in tends to have a positive effect...
You must be very excited by your projections Brass considering you're still here... Judging by your post volume, even more excited than I!
This is a noteworthy at …..Fiisch….you and I agree. I do have a price and I stated it many many moons ago that I think matches the current risk/reward on SYME at this point in its evolution. You need to have a look at heaps of start ups in different industries and look at their market caps as best as you can compare again factoring in market opportunity etc. IMO the SYME MC cannot be justified…………yet!
Fair challenge - I'll try and resist quoting Tesla when talking about MCaps (****er, just failed)...
I'd argue at start-up phase the MCap is much less relevant as there's no earnings with which to compare. In my view, a MCap of £200m was reasonable given the global presence, the people involved, and the first-mover advantage in a topical and on-trend industry, but I can accept not everyone shares that view, and Mcap has since dropped from what I thought was a relative bargain.
Comparing MCaps across industries is largely an irrelevance - a miner has very different P/E ratios to a retailer to a Fintech etc... I think most people investing in SYME invest because they see the potential of where the MCap could be once SYME start trading, not because it represents a bargain price at today's Mcap versus earnings.
Who knows if the first tranche of monetisation will give the SP the much needed boost, but surely we won't have too much longer to wait and see. Don't miss your buy-in before the rocket launches... ;)