The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Spot on. This is a new wheel. Negatives are possibly that what SYME has to offer is so good, that businesses can't believe it and are hesitant because they think it's too good to be true.
Has that 1 year gone up again? It has, hasn't it?
Half of today's buys were likely from a handful of people. Incredible.
0.2% of syme purchased in just two trades. Woah.
Dufry agree. However SYME only needs a handful of banks/lenders and 1000 Contracts globally to be a huge success. Not comparable to ASOS or Amazon in that regard. That can all be done inside 1 year.
Completely agree. Once the big banks come into play, they'll do SYME's bidding. £5m minimum contract. We'll get some 100X that size. This company is the next big thing and the average person will never hear of it.
Company is in it's infancy. Fairly realistic to expect SYME to increase its contracts year on year.
1000 contracts @ £20m average equals £20bn total annual value. 2% revenue of £400m
1000 contracts @ £40m average equals £40bn total annual value. 2% revenue of £800m
What's crazy is this is all achievable inside a year. SYME potentially already has almost 300 contracts. UK pilot with 10 companies completed. Another 100/200/300+ on the cards here too?
Big few months ahead.
My mistake. Wink.
*3p per billion inventory
3p+ per share, not 1p, with your calculations.
Genuinely think the P/E on this will explode. 50-100. Once fundamentals are proven the sky's the lot in terms of SYME success. The big players will be investing in what's to come many years down the line. Knowing very few contracts needed to be a roaring success and that SYME has extremely low overheads and a fantastic profit to earnings ratio.
Sorry typo. Their profit is not 2%. Their profit is approx' 40% of that 2%. DYOR
That's earnings. Profit margin is approx' 40%. Which is still incredible.
This is why I don't think we'll see moderate increases in the share price. It will remain quite flat for most trading days, but then we'll see the bid price spike every so often by 30%, 50%.
Well said WeatherGeek. P/E ratio will continue to rise from now until the end of 2021. I think we could end up in the ballpark of 50-100 P/E because the market at that time will think it's s foregone conclusion that SYME will attract even more banks, enter even more territories and achieve more large scale contracts.
SYME already has many contracts, many in the pipeline once finance is secured, soon. UK trials too.
All we have to do is look at the numbers. Just a moderate 100% increase in the next 12 months to 2021 end, on the potential 300 or so contracts by the end of October this year, is huge!! I still don't think many get this fact. SYME doesn't need an exponential increase to go boom.
Yeah £700, per million shares. But that will quickly rise. 500 companies @ £40m a pop is £20bn in annual contracts. 1% of that £200m is X4 this. £2,800 div per million shares.
Maybe when this reaches £50bn market cap.
Sounds about right. Like to point out my shares are not going anywhere, just like many of you.
Free float gets smaller and smaller.
I agree with that timeframe. 3-5 years. Crazy good isn't it.