The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
MRRR - I'm in the same boat. £50k invested at an average of 0.3 so have been well up and now well down. My view is unchanged. Syme has always been high risk / high reward. The concept is very sound, it's all about execution and a rider of luck.
AZ makes me nervous but innovators do that usually. I don't like the separate company for the IP though. That feels like someone preparing an escape vehicle.
It's not clear to me why this news should have any impact on the ctea share price
Please be quiet.
And this :
Non-Executive Director (Technology)
SYME seeks a new Non-Executive Director with a senior-level technology background. The candidate must bring senior-level experience leading or advising on digital or technology transformation. Experience building and leading technology teams and dealing with data / knowledge transfer on a global / international basis is highly desirable. Some experience with the financial services / fintech sector would be beneficial as is direct technical experience working within a cloud-based environment.
REQUIRED FOR THIS ROLE
Technology and / or digital transformation leadership (ExecCo / Board level)
DESIRED FOR THIS ROLE
International technology leadership
quite tempted to apply...
Couldn't agree more Danny. All the shouty hysteria from the negative crew (other than when provoked by some embarrassing ramping ) just completely misses the point of this business.
Every single aspect of SYME is laden with risk and uncertainty. As an investor you either priced that it or you didn't. Delays and speculative peaks / troughs are just part and parcel of this type of investing. High risk (I think there's a decent chance of losing 90 % of what I've invested) but huge potential reward (I've already seen my original investment 10x and my gut feel is that this share will pay off handsomely in the end)
I can't decide whether to be impressed by the transparency of that "trading" update or embarrassed at the lack of acknowledgement by the CEO that it's a couple of thousand words to say "no tangible progress". Objectively there's nothing in it to inspire confidence - and so I'm left witn what I had before...12m shares and a belief in the concept. I'm beginning to wish it was in better hands though and wouldn't be surprised if there's a low ball takeover in 2022.
Scramble - I suspect you may not have read the original post which I referred to.
Rampers create derampers. Sage and circumspect LTH having a serious discussion about risk I'd welcome. Failing that I'm afraid it's nearly always going to be lowest common denominator stuff...
So..I checked back in after a couple of hours and 100+ posts. At least 5 or 6 posters aren't the plankton I'd predicted would dominate.
As for the rest of you...don't you have anything better to do than shout into the void?
In the meantime I bought a few more although I had to sell and crystallise a loss to do it. Does that mean I think we're "ready for blast off!!" - nope. Does it mean I'm utterly convinced that AZ is a fin-tech guru - nope. But it does mean that I think the fundamentals are increasingly moving this share from 'highly speculative punt' into 'credible if high risk opportunity'.
Rampers ignoring the existence of those risks and derampers behaving as if significant risk isn't a major part aspect of any AIM investment are just oxygen wasters imo.
See you in a few hours.
Not sure I can tolerate this board today - more specifically the "drivel exchange" which will play out between the over excitable, naive rampers and the "take everyone else for an idiot" derampers.
This is the RNS most LTH would have expected. While, in the future of SYME, there will be big days where killer deals are announced, mostly our progress will be plotted out in modest, fairly dull steps which are the bread and butter of most growing businesses - especially those working to open up new ways of creating value.
To the plankton on both sides: get real. And in the meantime, just shush and let this thing continue to develop and grow.
I agree. This was well oversold simply due to lack of news and an end to the post re listing momentum. North of 0.5 would be "par" for this share right now prior to any significant news.
Makes sense to me.....but bear in mind that these sporting associations' first port of call will be the DHSC as they are likely to establish and maintain an approved list of technology providers for Covid passports and the like
Ferrero - I've been in for almost a year and, while I'd have liked to see more substantive evidence of progress and a viable sales flow, I was clear when I bought in that the big rewards required governmental support / involvement and therefore news flow would be sporadic with anything really significant likely to come late and relatively unheralded.
It is possible and credible to criticise the BOD for poor comms and a lack of tangible progress but, overall, I think that view (held by many on here) may miss the point with this type of business. Just IMO
I for one did my Bed & ISA this morning. I don't expect the price to drop materially more and I'm intending to hold until we're a producer...it was a choice between GGP and SYME...or a blend. GGP won as I put SYME into the ISA last year...
About as likely as you randomly alighting on this board with this much desire to talk the share down.
Social Media is full of people who get an endorphin rush from creating an argument - but most of them are psychologically invested in the issue at stake. Typically, they offer lots of polarised opinion but zero insight into the origin of the extremity of their sentiment. They always strike me as individuals unusually lacking in self awareness or deliberately seeking to mask their underlying motivation.
Or both.
Blaim...you may be right. You may be wrong. But you sound like a bitter former employee / contractor or colleague of one of the directors. Definitely a hint of personal grudge in the tone of your blanket criticism. Or perhaps you just rocked up here at random to "help out"? Yeah, right...
Me too - I'm expecting an update from UK govt in the next week. They are actively canvassing big businesses and managing the politics in the background. There is zero doubt that some form of 'passport' or "digital green card" is coming - only the details are to be confirmed ...but for CTEA, obvs, the devil is in there.
I've added too. Can't ignore the value when it drops sub 20.
I agree completely. All speculation on the technicalities of the last couple of months "off market" are irrelevant compared to the news flow in the first couple of weeks after re listing. AZ has either got a series of steps lined up to prove the concept at credible scale with committed participant companies or he hasn't. The former takes this share to a multiple of its price at last close. A failure to show progress while offline will raise tangible and legitimate doubts - rather than the mindless speculation which has dominated here of late.
North of 23p in 11 weeks? Yup. Just topped up for the third time in this post Scally update dip.
Personally I think this is all a lot less dramatic than the derampers (& some of those who take their bait) would have one believe. None of it has changed my mid or long term view.
GLA
Pathetic.