RE: Syme just a trading share24 Mar 2023 10:56
Well said....at least someone understands what's going on here with this share.
We are lacking support!!
So what postion is next. The 3s?
Hit 0.0375 at the opening this morning. Recovered to 0.045 but dropping again. May regain. Nobody knows.
As you said, good a trading share. So lower it is, less leverage for day traders. And wish them well.
Position whether low or high it will always trade.
Some are saying, this RNS is good news.
Frankly I disagree. But everyone has their own opion. Because it dropped this morning.
Question....
I like to know.
Who is funding all this?
So with out support from investment.
How is the company going to raise money to run the business to make on growth plan say the next 5, 10 years. Remember it's a start up company trying to grow. Will take some time.
Sales will probably only make the company tick over. Till it gets ahead of the game. As overheads have to be paid.
Unless more customers are attracted. Then how does it grow?
It's how you view all this.
Basically if your a day trader. Its perfect for low leverage trading.
But if your here to believe in the company as an investment for future growth. Only time will tell.
But the real question here is as an investor.
Has there been actual profits been made this year?
When is the next set of accounts due?
Does anybody know?
Please note. For educationally purposes.
A company can file its accounts later than its intial filing date to companies House.
This just gives the company time.
So as an example if a company filing date was say 05th April. It has time to file on a certain period. So it could actually go into the next year late of say 8,9 months. So as an investor you could not know what the accounts are on profit and loss. Until the accounts are actually filed. Only then will it indicate a profit or loss.
Therefore profit would attract investment and loss would not.
Now as syme also have a duty to file on time. If late I guess would have to inform through RNS. Asking for more time. Which is not great for attracting buying power of a share.
Everyone seems to beat this share to death spiral.
Lowers the confidence. When every Is posting negative comments.
Firstly do your home work about the company and research.
Personally to me as this share drops. I have to remain higher, waiting for possible growth I have to hope for in the future.
So as it drops can only average in. Keeping my shares from having to be sold. The deeper it drops. It gets harder to average down Therefore some investors can not keep up with the constant drop.
So when everyone is posting negative. It is only making less confidence to attract more share holders. Hence dilution to try and attract.
Hope this information helps. But it's down to you personally. As an investor or a trader what's best for you.
Remember this is your investment and future tied up in this share.
So please try and be nice. As we are all h