Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Buys consistently and significantly outweigh sells. Without the MM"s, this would have already lead to significant increases in the share price. 1.5p+
Not nearly as many people know about this company as you think. They want the secrecy because they want the shares for cheap. Hence why the average for the II's for the last 6 weeks has been 0.50.
They aren't buying more than 5% under each holding company so as to not trigger a TR1. It's that simple.
For long term investors.
Institutional investors continue to scoop up share term and day traders private investor shares. We are currently experiencing 150m or so big trades per day. I expect late trades reported tomorrow to be quite substantial. Over the course of 5 trading days, we are talking about 750m or so shares. Which is just over 2% of total shares.
Free float is small. I would say the stratergy for tomorrow is a big drop and recovery before the end of the day, to get more shares and then on Friday a big rise so people sell them too.
Any big sells have been and are institutional investors essentially transfering shares.
AfterPay says shut up you idiot, you don't understand Fintech. Thumbs up.
Is that he keeps us in the loop. He'd like to let us know more, but he can't for various reasons. If he didn't many more would have sold.
The nature of the beast is delays. Delays in getting banks and financers onside. It's unfortunate but they don't just jump at any opportunity, despite how giddy AZ can be because of how transformational he knows this platform/service is.
But while we wait news of confirmation, AZ isn't sat on his hands. He continues to work and strive. This is what has lead to things like the Captive Bank and the US market scaling coming sooner.
So while we have a delays of 2 months or so on some things, overall the business keeps beating targets and plans regarding market penetration. The company is years ahead of its plan, already.
If that wasn't enough, he's let slip to Zak Mir, that they are working on another exciting new opportunity.
I trust and believe in the CEO and the ethos they all appear to have. AZ doesn't seem like he wants to stop at inventory monetisation in the EU, UK, ME and US. More markets and more different revenue streams with their technology.
@WG on side completely.
But your figures are wrong here lol
At a glance by a factor of 10.
10p
15p
20p
But we both know that 20 is the base for P/E and it's more likely to be in the 50-100 range. Which would make the 20p...£1.
"The Supply@ME team is also analysing another exciting opportunity as we speak – watch this space!"
What an amazing few months this has been. Looking forward to finding out what this is.
@WG if SYME think and act small they stay small. It's something SYME know they'll have to aim for and I think they can pull it off. As we know they are a very small company. I'd love to also know more about the onboarding process and due diligence.
My suspicion is SYME are putting in the hard work now. They are conducting due diligence on a variety of companies and inventory. As they grow they'll utilise this experience and expertise to speed up the process. When the banks bring clients with them, I'd imagine much of that due diligence is undertaken by them. But as the companies profile grows and the contracts do, the obscurity of the company and inventory can change dramatically.
I think we are agreed, it's the part of the business that is SYME'S biggest obstacle.
I just don't see how SYME can be operating in so many huge markets in 2021 with potentially a dozen financers, if they don't think they are going to be capable of onboarding these companies.
As you know, AZ reiterates that they are trying to establish/ secure long term relationships. So once a contract ends, SYME want companies that will renew or increase the ask and renew.
Yes @apunter2
I still think many don't understand the platform. SYME needs very few financers and very few clients to go from obscurity to a double digit billion pound company in the space of 18 months.
This is like a game of Texas Hold 'em. AZ has a pocket ace king same suit, the flop comes down and it's queen, jack, 10. Got a royal flush. Already won. But the other players at the table don't know this. AZ still has to wait for the other players as he's the big blind.
@WG I think it's entirely possible to go from onboarding 50 per month in August 2020 to say 100 per month come the end of 2021. Not being able to do so will be detrimental to SYME and AZ knows this. SYME will have to ramp this up now especially with the US market coming onboard in 2021 too.
As far as I am concerned, it's SYME'S biggest obstacle. Financers will bring the clients. SYME just need to be capable of keeping up with demand regarding due diligence and onboarding.
It's bad business, very bad business if you have a backlog on the due diligence on companies looking for contracts of say £5m (the minimum) then along comes RR as an example and is like so we are looking for £500m and SYME are like sorry, you'll have to wait a year.
@jsmith the last reported figures we have from AZ and SYME are that the two Italian banks had brought 272 client companies to the platform. A finance deal is still being negotiated and we are still waiting on an RNS regarding the two Italian banks.
Epic SIM set a target of 75 in 2020 and 250 in 2021. I can't remember exactly, but they had already brought forward like 30 in the space of their first month.
Zac was already talking up 10 or so funders with AZ. This is before the recent developments with the US, which would push that up. If each brings 200 to the platform, that's 2000 client company contracts. With the figures we are seeing regarding the two Italian banks and Epic SIM, 200 is a very low number.
SYME is the water, the financers are the person leading the horse to the water, the horse is the client company and the horse in this case is drinking the water.
@Gun As we already know and Zac states, the two Italian banks have already introduced 272 companies. We should expect many more from just these two Italian banks. Epic Sims target is 250 in 2021. At present they were bringing almost 1 per day. Now let's expand this out into the rest of the EU, ME and US.
It's easy to see how in Zac's case, SYME will get 2000 client companies.
Agreed. My target is 1000 in 2021 and with the addition of the US market that is easily achieved. If SYME were onboarding 50 per month, about a month ago, I expect they are capable of increasing the onboarding process by 50% to 75 per month in 2021.
Each to their own with the figures. Just extrapolation of Zac's. Like I say, Zac is low balling the average contract at £10m average. It is very important to note the minimum of £5m as often as possible as the average can be dragged up significantly but not down.
E.g. If 900 contracts are £10m and an additional 100 average say £50m that means the total average for the 1000 is £14m.
Epic Sim alone are on course for their target this year of 75. They alone plan to get another 250 clients in 2021.
I have been saying this stuff for some time. The information we need is already available.
It's what I keep saying. I believe it is possible in 2021 alone however. Zac's figures are 2000 client companies. Which equates to £10m average contract. I think SYME can achieve this with half the clients, just 1000 at an average of £20m each. Why? Because some contracts will be big. Remember minimum us £5m. USA is in play for 2021 too now.
SYME is currently onboarding 50 a month. That equates to 600 per year. I expect this to be ramped up to around 1000 for 2021 in total.
I'd be interested to know if Zac thinks SYME can go from onboarding 50 per month last reported in his interview with AZ, to say 100 per month.
Remember AZ's words. Looking to establish long term relationship's. So the client turnover rate will hopefully be very low. Meaning nearly all new clients increases the total volume.
Biden is as bad and corrupt as Hillary. Democrat party needs an overhaul.
Trump will be re-elected and the markets will go up. As for SYME, either outcome is fine.