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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
Aspen..
Gains and dividend do not have to be declared in your isa.
Example.
If I buy xyz on Monday morning. At 8.00am and I sell before closing. I make 5%
Tuesday I do the same
Wednesday
Thursday
Friday
I make 25% gain. For the week. Do not have to declare.
If for the month I do this every day with out taking a break. I can be classed as a professional day trader.
Therefore whether it is in an isa or not it could be taxed on profits. As stating that i am day trading professional. Not investing. No one can say you can't day trade in an isa.
Activities of profts can be assessed monthly not just yearly on your earnings.
It's just down to you to keep every logged. What's what. In case you need to explain your activities.
Let's go back to the above 5 days in a row.
Say I did the above for a week. And I did do no more trades for a week and then came back. I could do five more. Because I took a week out. I think there is a 3 day rule. Not fully sure.
As why you keep your investment long trades separately. To your day trades. 8.00am till closings same day.
I think. If you hold a trade more than 3 days. Its classed as investing.
You need to Google it. Or seek full advice from an accountant or financial advisor to assist you.
I'm not fully glued up on it sorry. But it's something like that.
Hope it helps.
A.B
P.S SLIP OF THE FINGRER EARLY ON EMPTY POST. Sorry.
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
What makes you feel like there is something going to happened Monday demolition123?
Is it just a gut feeling. Or you think an RNS is soon due because of the accounts being submitted for the year end by next month? Well hope they are. And not later being June. So a lot getting in now incase, you think?
Are you watching volume of trades by the day, buying and selling rather than the actually price movement on pip.
Between the share price 0.045 and the ask at 0.050
I think after the RNS it dropped to 0.375 then regained to 0.40 it's now 0.045 share price.
The ask might move to 0.55 or 0.60. Showing regaining volume. But again with this share. It never surprises me. It can be volatile up and down either way.
It never seems to move up for 3-5 days slowly. Then retrace a bit and move up again.
It just seems stagnant. Bounces then back to original place.
So I see why you stated like a good gamble.
So big buys and sells through the exchange. Gives a heads up something might be on the horizon?
Obviously less volume. Nothing due to happen.
Just hope good news pops out and gives this share a boot up the rear lol. Getting it moving again.
Think everyone has a game plan.
Divvy up small amounts hopefully to be safe on my risk management. I'm not going all in just yet. Just don't have the trust regained yet for me.
A.B
A lot look up to you Acker on advice. As you seem quite advanced about the company. Good follower of it.
Just think a lot tend to panic a bit. Which is normal as want to protect their profits.
I would only start getting concerned about a month to 3 weeks away if not heard from GR. But if George is not stupid, he would inform his shareholders in advance than letting them stew.
Im sure George will have his team fully on it.
He has brought it this far, from the ashes to let it just it slip it out of control after 3 years of hard work.
Unfortunately in construction, will always get delays. It pencilled in...
Happens on most construction sites. They just work around the clock to bring it back on time. Even it inflicts on the profit a bit. That's life.
A good rise should cover the cost of the blip.
Just have to stay positive.
Have a good weekend all.
Next week see if any news. Fingers crossed.
A.B
Production on Sunday- read the RNS?
Confused!!!
Sorry but what i see here from the RNS.
Commission target was missed 14th February.
So basically its 6 weeks behind.
Operating projection in coming weeks.
Says was adequately funded. Not is adequately funded.
Therefore increase the prepayment. (As prem have had a prepayment already).
Or except a short term loan secured against the Spod to be produced. To meet operating costs.
Im saying.
(We have had 6 weeks of extra labour force to be paid for. To get this out on time. Delays. So probably paying double bubble in over time.
Now if the blip is not fixed soon. We are into more labour costs daily.
Back to RNS
And also GR taking out a short term loan. To cover
I may be incorrect to maths. So please correct if your better than me at calculating this.
3.5% on $34,644,385 which i calculate at £800 a day roughly till producing the Spod to TA&A.
And only till the 30th May before CanMax can terminate the agreement. Which is 2 months away. As had one month out of the 90 days. (3 months)
But also states only 60% of the ore feed through flotation circuts.
Then first upgrades - targeted at increasing flotation.
Contruction delays will eat into profits as we know.
As why everyone obviously waiting on the side lines,
ready twiddling their thumbs someone mentioned early on a post.
This might drop this evening late or first thing Monday. Or next week or week after.
Does someone know someone about Sunday that production is fully running?
A.B
Nice information. Thank for the updated post.
SETSqx to SETS.
Been hoping for this.
Makes it more liquid. Only the biggest stocks are included on SETS.
Therefore, onky heavily traded AIM shares feature on this trading system.
A.B
Yes thanks. Interesting read.
Looks like 3.00p it is then...... future statistics.
Just waiting to see what happens tomorrow or Monday. Hit through 1.00p or not.....
A.B
Reply to your question Alan.
I'm purely saying it probably will not hit its high of 2020 being suddenly. Unless AZ drops a monster RNS soon. It might be tomorrow or In years.
Basically what I am implying about Amazon. Amazon took many many years to get where it is. It did not happen within 1 to 2 years. It would of had its ups and downs too.
Investment takes time and patience.
I have no idea what AZ plans are with this business model?
We all got in here I guess on the intention this was going to be the next big thing.
It could. no one has a crystal ball.
It seems we are left in the dark. Guessing.
All I'm saying if this did grow it may take many years.
But you might wake up one morning and we all get a surprise.
And yet wake up. Its all gone.
To me its 2/1 bet now.
I'm just not giving in yet.
If your still here like us all. We are here purely hope.
And thank you for your reply. Much appreciated.
A.B
With construction phases. Always gets hiccups with delays.
Unfortunately with delays have some losses. Because subcontractors have to hit deadlines. They will have allowance for weather within clauses.
So to pull this back on track. Overtime payments etc to labour charges.
Remember delays will cost money. Because they want the materials out the ground for sale profits. Time is the essence.
Problem might need some small funding if GR has not allowed for this in his program of works.
RNS was positive and a bit negative..but nothing to be alarmed about i would say.
It's not as though construction and running has stopped. Hit a blip which hopefully can be fixed quickly.
I'm sure an update of this will be imminent.
Just hope running costs do not get out of hand on this start up. But plenty of progress to make lots of cash once this is chucking the stuff out.
Boom the champers will be popping lol.
This happened before if looking back.
Sell off to panic the ones buying in from the news imminent. At the high point of entry.
Drops off and like vultures buy up those sold off at the high.
Cheaper shares.
This should recover. And push back up slowly.
The tree shake sets a bit of fear buying though. Once this passes and cools off.
Buying will continue hopefully.
This is AIM though and anything can happen.
I believe the company is progressing wonderfully. Therefore patients is the game play here for me.
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
https://thefintechtimes.com/behind-the-idea-supplyme/
Found this information on Google. So what I said Mistergreen about symes business model. I was sort of right but not 100%. It definitely cashflow issues Az is trying to address.
That was an update last week in the financial Times.
I looked at the interim report posted September 2022 on symes website. That report is upto June 2022. Not September 2022.
Therefore we have 6 months to December 31st 2022. End of year accounts from the interim report June 2022 which we don't know about yet of information financially.
Then we should have from 01st of January 2023 to March hopefully a interim report financially with an RNS.
Just fingers crossed we turn a corner after the first and second year once this end of year is submitted to companies house.
Hoping then 2023-24 symes reporting becomes positive.
If so then interest might regain slowly.
So just have to hope and see.
I have wondered, as lack of support by shareholders being retail, us. Due to most pulling out the funds, selling off their shares, either made profit or loss.
How it's funded? I can only assume AZ can not just rely on us!
As I have mentioned on a previous post, 'who's funding this' ?
So I researched on companies house after reading symes annually 2021 report, noticing they mentioned the word 'our groups'
That sort of pointed me in a direction that their could be a lot involved in this new business venture.
But new business ventures will take time to grow.
So only thing I'm doing is. Waiting until this year's 2022 report. And RNS information. Patients is the name of the game.
I do understand investors frustrations on no positive news. So I guess we are all sitting twiddling thumbs waiting for this so called 'release the crankin'
Well I hope AZ is riding flying high on pegasus lol.
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
The ends is :
Is this fact. Not enough space
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