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Aspen. Sorry. My apologies.

Yes you're correct, if you make a dividend.

Because you was investing. Not trading. Do not declare. Only get a dividend by investment.

As for profit gains. It will depend.

The rule as I mentioned on my last post to you.

You would not declare gains if you was investing.
And you would not declare gains if you was day trading.

What I am referring too is.

If I was constantly day trading in my isa account. That's me placing my order at 8.00am I close a 4.00pm take my gain. I would log this as a day trade not as investing.
It does not mean i have to declare this instantly. Because I might just do one off day trade in that week or month.

If I did 2 days trades say Monday to Friday. I'm OK.
And same week after so on every week for the month. I'm OK.

You can day trade free of tax yes in your isa. And make gains. Not declare.

It's whether your constantly day trading for the month. Basically every single day for a whole month. The rule may kick in.

So. It make no difference if I did my day trades in .....
A cfd account tax free
A isa account tax free

Cfd is gambling. Free of tax. But again as I mentioned.
If activities even in an cfd was everyday without taking time out to rest. I can be deemed as a professional day trader for a living and not spread betting. Gambling rules. I am basically declaring I am a professional gambler or trader. So if I tried to do this in my isa account. Leverage using my own funds. I would pay tax on my gains yes.
As why i was stating. Log and record everything. Its for your own purpose.

I was just trying to highlight out the difference. Also it helps other reading the post for guidance.

As why everyone should know the rules. As some don't and confusing. So if unsure seek advice from a professional source.

I'm gathering your not day trading 8.00am till 4.00pm. Constantly every day?, as you mentioned in this post. You was not talking about day trading, therefore nothing you need to worry about. Your gains and dividends do not have to be declared. Your correct.

Again sorry for confusion. Just hope the information I posted helps in understanding the difference to professional day trading/ none professional day trading and investing rules. Just tips. This is not financial guidance, just educational. As I am not an accountant. So always best do ones research themselves.

A.B

Acker.
I think your correct.
EDUCATIONAL. purpose only. My knowledge.
Therefore, correct me please. If one knows more than myself.

Information guidance below, but please seek your own advice.

If you use an isa. Constantly as buying and selling shares.

I'm not sure. But there is a limit. Under hmrc ruling.

Invest in an isa. Up to your yearly 20K yearly allowance. Hold your gains within it.
Top up If your not at your full free allowance of 20K. The gain is separate to the 20k allowance.

Once you pass the allowance. You have to then buy in a normal investment account. So if you wanted to invest another 20k tax free, you have to wait till the 06th April.

If your are to be believed by HMRC that your activities within a isa account are showing, your are day trading as a professional.
The rule will apply to submit your contract statements issued of your buy and sells.

If you day trade through cfd account. Leverage using margin call.
You pay interest on the overnight to stay In the trade by your broker. This is called a swap charge.

Cfd is classed as spread betting within HMRC ruling. Therfore is tax free. Because its gambling.

But if your constantly using cfd for a professional purpose. Constantly day trading. I think rule of thumb is three days between each of your trades or so many per month. Therfore if you go over a certain amount of trades within your cfd account. You will become classed as a professional day trader. Rule may apply to isa.

It's down to the individual to keep all buying and selling activities. Statements from your broker. Log what is actually classed as gambling, none gambling.

Example.
In a cfd account of my allowance per month was 25 trades per month. 3 a week say. ( check within hrmc ruling ). I use all my day traders say in the first week. I would have to therefore take a break till next month. Then if I want to carry on after my month allowance. I would therefore separate the transactions I made. What is taxed and not taxed.

So what Acker is trying to say to everyone here. Is, if your showing up as a professional trader regardless what account you use. Your activities could be deemed part of it, or all of it as professional day trading for a living. Therefore you pay tax on it all.

You can therefore set off your taxable allowances and any expenses. You would require to use an accountant.

Not 100% correct on all of this, as I don't day trade for a living. Tried cfd. Really for the big big boys. In and out on pips. One minute to 15 minutes trades. High Leverage accountant.

You can cfd longer within the day. But it can swing against you with smaller accounts. So be careful as the risk is higher. Gains lower. Therefore stop losses advised at all times. Why informed abouted cfd trading 70% lose money.
Its mainly under the class as gambling. As if you think of it. It is gambling. But also professional gambling. Under hmrc.

A.B

Demolition123 to your question.

Yes I do watch the buys on here. And have noticed lots of big buys especially one at 90M shares 45K. Wow!!!

Yet i saw one the other day. Buy at 10 shares at £0.00

I thought oh come on that's not possible. This has too be some joker lol. Do you think he or she was trying to give us all a tip. Haha. Buy 10 shares at £0.00. It might just push this thing, pmsl.

If I tried that through my broker it have a certain amount at a low to buy. Maybe some can? Obviously that person could lol.
It then showed up as a sell few days later.

Anyway.
Personal I am tired of averaging down I could buy big at these low offers to get closer to the bottom. But chances are it might keep dropping and dropping.
Just not for me sorry.
I'm buying small to keep myself at my postion. And thats my gamble. If i lose i lose. Not for every one I guess. Everyone will have a game plan. As who knows what's going on behind the scenes? I might yet miss a golden opportunity. Its one of them I guess.

But as the famous saying from Warren Buffett, be greedy when others are fearfully. Is this the time?
Mmm makes one think.

I have noticed some buys where only £10.00 £20.00 and some will say we'll it's worth a bet lol. The national due soon might have more chance there haha. Pegasus might be running lol.

Personal I'm just waiting now.
If figures on the EBITDA improve on the next financial year end. Yes I may start bigger.

I may lose out on a bargain top up. But I've lost trust up to now. Most probably have too, otherwise it not be so low.

Everyone for their own game play as I mentioned .... and yes it is a gamble. So each for their own.

Fingers crossed news comes out positive and we get some sort of lift. It needs it. That 10 share buy might of started it off, I wonder haha. Wasn't you was it by any chance ? pmsl

Advice only.
Go on Google charts. Underneath the chart. See where it says see more about syme. Click it. Take you to a finance page. Scroll down to the bottom. You can see all the information there. If you can make out for your self, information what's going on. If anyone can understand it.....
It's ...
Not at the top of the chart. Where it has overview. Compare. Financial. Its Underneath......

All just educational points. If anyone is interested.

Anyone feel free to view and research it, if you understand and love some input back. Much appreciated as every bit helps us all. As why we are all.on here.....

Wish everyone best of luck. Have a great weekend.

Some funny posts too. Makes me laugh. At least people are trying to cheer us all up a bit I guess.

A.B

Thank you for your update Lucky Bob.

I know what your saying. I was simply implying. If we continue not to make any progress within yearly accounts. The share price will stay low. Even if it is some small margins of growth over years. It can be a long waiting game.

As im here as an investor not trading this. I'm happy to wait see how this progress over the years.

Im certainly not expecting this to be back into its level of 2020 highs. That was on hype of speculation this was going to be the next best thing. And it was FOMO that caused that.

Luckily enough I only took a small punt on it. If it moved high at least im in.

Because to me I have to see how a company will grow over time.
Basically top up as the company expands. Drip feeding.

But now as its dropped back to its original level. Even lower. I'm having to average. But I'm monitoring to keep me at my level im at on my percentage down.

The lower it goes if trying to get to the bottom level. Its going to cost me a hell of a lot more. Which I'm certainly not going to do.
Basically risk management.

I'm in, like all on here. And I'm patient though.
It will either only go two ways this.
Uplift to a postion no where near its very high.
Or crash out. Game over. And what I lose I can withstand.

So it is important what the reports are telling me.
If a company started to eventually show growth why would someone sell off their investment? Make no sense.

This could take 5 to 10 years.
Yet it might fail tomorrow.
That's the name of the game. And rule of thumb. Only invest in what your willing to lose.
A good portfolio offseting high risk company's against a good growth company.
The high risk company is basically a gamble. Especially if its in its first three years. As expenses will usually create lot of cash burn.
It's only down to the management side of the company. Whether it will grow or fail.

Thank you for your imput. Very much appreciated.
I'm only on here to try pass some educational points on here to folk.

There will be a lot more knowledgeable than me on here for sure. As why I will ask for some guidance also.

As the point of having this board for investors to join. To help pass information to one another.

Again I asked a question on the warrants. And you kindly was the only one that replied. And yes you was correct. So many thanks to that also.

I have posted some educational points for folk. Whether it helps some or not. It's down to each individual.
I read information from others too and take in information what they say for my education.

So every thing helps.

Before I go.
Look at amazon 20 years ago. Was not even heard of as a household name.

Still not sure what symes future aim is.

Question?
Is it trying to become a bank eventually?

A.B

Mistergreen.
I'm not fully100% understanding of this business model.
But if I am incorrect please guide me.

It's a service only.

Example.
Company A is selling to Company B. Say 1 thousand steering wheels for new cars.

Company A uses all its supply to Company B.
So Company A now has no stock on its shelf.

Company A, goes to the bank but unfortunately gets refused as it has a small loan already with the bank. Asking to borrow to buy more stock because another company. Company C has put an order in for 1 thousand steering wheels also.

Company A can not supply Company C. Due to waiting on payment from Company B, it's invoiced raised. 30 days. Payment could be late from Company B.

As Company A only has enough money to pay its overheads. Staff, rates, rent etc for 60 days. This creates a cashflow for Company A. But does not want to lose the sale of Company C.

So incomes syme. Syme offers to monitor the stock through its platform. At say 6% fee, the bank loan might have been 12%

So Company A agrees. Gets Company C order. The warehouse is then filled up. Waiting to then be sent out to Company C.

Syme and its group, ie. Institutional investors and retail investors who have invested their money are now securing the stock. Its purchased by a bank through syme. Basically owner of the stock is the bank and all its investors. Known as the 3rd party.

Eventually as Company A blockchain is ready and waiting through symes platform ready for shipment to Company C.
Company B pays Company A.

Syme unlock the shipment and the goods go out to Company C.

The process recycles. Therefore syme has a continuous contracts with these companies. Reoccurring monthly service charges.

As the platform automatically does the blockchain and doing one only takes so many people to watch over it.
More clients are then brought in. Ie the pipeline. And syme is doing say 10 clients using say 8 people in one of symes offices.
This keeps all the 10 clients overheads down. As say company A staff, by not having to pay say 6 men of their own in an office to do the inventory.

As Delboy would say to Rodney. Every one's a winner.

Therefore no actual debt by the client on its inventory.

But I get what you are saying. No investors then no 3rd party funding. Therefore the door gets shut till more party funding is put in. Which Basically is the investors?

Am I correct or incorrect how this works?
So anyone feel free to put me on the right track if I am not. Many thanks

Thank you for the update Theanalyzer.
At least this brings us a bit closer to waiting untill June.

I'm only going from data on companies house.

As I do know, a company has a time to file later than its actually accounting date.

Syme can file straight after 31st December 2022.

Syme had placed interim updates on their website I think the last information was September 2022.

Only good thing at present is. September was the last date really of information regarding revenue. But nothing postive to shout about. Or the share be a lot higher I guess.
Expenses, Tangible. Cashflow to me is what I look at.

So deep down we have from September through to December 2022 three months information and a full years report. By then we are four months into this year. Anything can change from September, we don't know about.

Sometimes, companies could be waiting on other companies to pay their invoices. Hence, if syme was waiting for companies to pay up on their invoices. Syme would give them some time rather than put pressure on them. As one company can owe another company money. Its best trying working something out. Perhaps a payment plan than pushing a company into financial difficulties. Which could force bankruptcy. So if I am correct. Its called arbitration.
Therefore they sit down work out a plan. It's best to try work through things financially because if your client was having a cashflow problem. It's makes more sense to work with them. As if they become difficult to pay it can Impact your own cashflow. And could send your self into bankruptcy.

Hence why I always take cashflow more important than debt. As with no cash. Its hard to operate. If you have cashflow. Your not under strain from invoices having to come in on time.

Debt can work in a companies favour. If spread over years. Example if I had debt of 10,000 I could spread that debt over 5 years at 2,000. Off set it against my profits each year. Tangible assets is the main one for me. As if you buy up assets, your debt can be secured to your assets. Ie. Why a bank would see what assets you have before lending to you.
Liability can mean debt by a person loaning funds to its own company to start up. Or a group of investors over so many years on a guarantee return.

I personally think Az is not stupid. Well I hope not. But if he knows his stuff. He will make things work in his favour to make his business plan work. OK it might take a few years.
But if taking large wages, this does not help a company. Hence why some posted saying good news tradeflow gone. High wages perhaps. As why syme agreed to let them buy it back after so long.
If syme has invested in its own intangible assets.ie. platform. As I'm assuming they bought tradeflow to use the platform.? Don't know sorry.

Perhaps they are now contracting to use vechains platform instead. Cheaper? Again does anyone know of information? Confusing.

Syme pipeline apparently is increasing.
Is th

Must admit. That was a funny comment.
Office cleaner. Brilliant!!! Chuckkled....

We'll at least it gives a bit of banter. Try cheer us all up.

For educational reasons only. This is not financial advice. Please seek your own. Thank you.

Firstly. We only had one set of accounts. December 2021.

If you go on symes website and download it.

Read information. THE MARKET. Which is within (01) STRATEGIC REPORT.
Page 10-14
I think this is the information as to what nippleshade was trying to imply early on from a post. Covid, war, etc.

As for tradeflow:
This information is on page 41,42,43 within the FINANCIAL REVIEW. Starts page 39.
If you read this. Hope it might help more clearly.

Remember there was a contract for tradeflow to buy back their company. So I'm guessing they are just fullfilling the terms and conditions?

If you also look at cashflow. I think it's states it increased from 2020 last report. I am assuming this is before changed its name from ABAL GROUP PLC.

The next annual reports due: 30/06/2023.
Covering 2021-2022 (31/12/2022)

Therfore by the time these are submitted to companies house. If the accounts go in by this date being the latest. (Please note a company might be waiting for invoices to be paid up.) As hence giving time to submit.

Would actually be 6 months in on accounts for period Jan 01st 2023 to 31st Dec 2023 we not know much of.

Information of an interim report which syme will post on its website.
Therfore if you go on the website and click on results and reports. You can collect your update information there. Over time periods.

As for comment about nippleshade being the most knowledgeable one. This person is only trying to shed some information. As this is what this board is ment to be for.
Not everyone maybe 100% correct. As why some will ask many questions to find answers.

I think we are all unfortunately feeling down because we all feel let down at the moment of where we all are.
But the report information actually telling you the information as why a lot are wondering why are we not getting positive RNS.

To my knowledge until we see this year's reports June for December 2022. Unless submitted earlier. Nobody can say where this share price will move to.

Advice to anyone, think before you act to invest.
Read. Research before you make your decisions.

Most companies will usually work on 5 years profit and loss.
Therefore can bring a loss year forward to balance against a profit year. If had 2 losses in a row and one big massive profit the next. This would help basically balance the books. Then If made profit following year then loss next so on.
So it can go up and down. Which would cause the share to move up or down. Year on year.

Basically it is down to every individual to do their homework before deciding to invest in any company.

Basically I'm here invested. And waiting now see which way we are heading. Then I will decide.

Ho

Nice educational comment made.

This is what worries me also.

Wonderful to see this hitting towards the 1p club.

But because this is AIM it makes me wonder how it will react once we do hit 1p.

I really hope we have lots of support to keep pushing this higher and higher.

I think a lot are sticking this out on positive growth, who can see where this is probably going in the near future of Prem.
Another year in growth performance in the share price hopefully.

Myself, I need to see revenue and cash flow forecasts. As at the moment we are moving higher on production by construction news.
Expenses...... how much?
So I hope GR gets his future yearly predictions forecasts rights.
Once drilling fulling commences i guess all will be revealed from results.

Personally, as i am not trader. So if it drops and recovers a bit it dont really bother me as i feel this is going to eventually hit the roof over time. Fingers crossed.

Only invested in this when it was its very low. Took a low punt on it. As a gamble which has nicely paid off on massive percentage of my portfolio. But nothing to shout out about on my riches yet.

Keep thinking add more. But hmmm. Unsure as then I'm averaging.

Question I like to know if someone could answer it.

If we keep hitting higher higher through the years on growth. Would this come off AIM to attract more investors?

And if did come off AIM. How this is achieved?
Or does this company have to be permanently trade on the AIM market regardless of what share price be at in the future.

I know its a long way off yet.

So I am just waiting to see how this pans out. Before I decide to invest more in the future.
But I do wish the best for all us long-term holders. I guess a lot of celebrations once it hits the 1p.

As John Lenton said to the rest off the beatles.
" where are we going lads!"
Reply " to the top!!! "
John " what top !? "
Reply " The very top !!! "

Keep the faith. I am holding for gold!!! £1.00, lol is it possible!!! ?
Do-able perhaps in 10 years a guess if all goes to plan.

I looked over the December 2021 accounts.
Quite a lot to study.

To my theory, a limited company in its first year will usually run on a loss.
Due to output. Expenses.

As we wait till December 2022 accounts are submitted to companies House this June 2023. As that is apparently the date syme have to get them in.

As investors only then will it tell us if the company is in profit or loss.

It still may show as losses.

Yet on growth it may show , due to whether turnover up. But money placed back into the company to make it grow. I.e tangible asset. Offices to work from and create employment. Expansion. Etc.

As if I am correct. But I am no expert on accounting. Debt can actually be in favour if controlled as a tool to help a company grow. I.e why most start up companies would raise capital from a business bank loan. Slowly paying of its debt. Monthly installments.
Offsetting the interest to its taxes.

But usually a public limited company. Would float on the stock exchange to raise its funds through investors. I e retail and institutional.

As for trade flow, your stating that its an intangible asset. Therfore comes under goodwill, trade mark, brands etc. Its not tangible as asset owed as a building.

So I am a little confused here.
Did syme buy out trade flow in 2021? But in a contract state to a certain date had to sell it back regardless if the share price was lower or higher than the date of contract exchange.
Therefore tradeflow made sure that they got a certain percentage back?
As I can't see where the figures are.
What did syme pay for it? And what has syme to pay tradeflow on selling it back at 100%
Because obviously syme may this year made enough from contracts through invoices raised. Enough to pay tradeflow. They might end up in losses but clear the debt. As if syme bought tradeflow. It might have raised a loan somehow from institutional. Contract. Over a period of time. Tradeflow contract with syme might hold a percentage of shares for services. So now syme can by its own software out right. Any one know?

As Venus have a contract also. But unsure what their part in this is?

What I wrote is only my assumption. Because again I can not see figures.

What I have noticed. Syme writes on its accounts the word groups. So I went on company's house.
I clicked on people. And there is a company name if you click on. They are part of the company filing on name. Quite a few with in a list. Not sure what their role is. But I can only assume when syme say the name, groups. They are referring to these?

At present. The company only filed one year accounts. But everyone seemed that all was going to become mega rich after one year. The share rose I guess on speculation of high above valuation.

Obviously investors impatient on news sold off.
No news I guess has reduced in support to the share price back to 2020 levels.

I'm patient to wait see this year's accounts. Only then will reveal

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