Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Good post @WG. Considering the late reported trades from Thursday (300 million) then I think we've breached the 30bn mark.
Current delays in my view are being caused by deals being increased in size. Rubbing my hands.
If you buy a share as a short term trader and immediately start moaning because it's gone down a little, just cut your losses and sell and give the rest of us some peace.
Define new Investor?
Agreed. This is an AfterPay type share.
Thanks @WG
Sometimes I feel like banging my head against a wall.
We already know enough for SYME to be a success. Just off the Captive Bank. People keep ignoring this and are focussing on silly things like announce a client.
As we know, we'll need a few more ER's with hard proof showing the companies success and continued year on year growth before the 50-100 P/E ratio range. It will come though.
As you highlight there are other revenue streams too. But as things stand just a few more financers will be a game changer. USA coming ahead of schedule. Captive Bank won't be enough.
I await Storm Harbour and Italian Bank news rubbing my hands. My question is, where does SYME go from here. Is it going to focus the EU, UK, US and ME. Or is AZ going to be like no, we aren't slowing down in terms of markets and territories and begin the work for me. Even though the markets SYME will be operating with in 2021, are huge.
Can't win AZ. He's a top bloke and the twitter account is sharing this information to keep us guys in the loop. The lack of appreciation for being one of the most open CEO's is astounding at times. If we hear nothing for 2 weeks people start losing their minds.
Surely this is now finished? 250m shares late reported from the 22nd.
I wish they'd just drop it 20% already and get this over with.
Exactly, the sooner it's done the better. This game is getting tedious now. Tight arses comes to mind. They'd have gotten the shares the require by now if they actually let it go a little.
I already posted about this stuff. Bumping it up. So many pointless thread's, especially when there is news.
https://m.youtube.com/watch?v=XJRLBqB5vfc
Gets very interesting towards the end where he begins to talk about the value in the data regarding buyers and sellers, logistics.
"Has it been sold, has it been made? Where is it in the process? Who controls it?
"Offering better credit risk metrics".
The scope is huge. If you aren't paying for this data and you are a creditor, your risk is higher than your competitor. The data could save logistic companies huge sums, insurers too.
Come on man. FinTech. Clues in the name.
With respect this is complete rubbish. It's a significant step, ahead of schedule..yet again. If SYME released an RNS early next year saying oh hey guys, yeah, we are now operating in the US and got clients there, everyone would be like oh my god why didn't you tell us when you get permission to or this was your plan, etc.
I followed AfterPay closely for some time and guess what, keeping people informed on new markets is important.
On the back of today's RNS, what I have been saying for some time, will be achieved.
That's the way I see it. Updates every so often on how many companies SYME is onboarding and how many it can.
Updates on new financiers, at the very least if not named, the size of the pot they have or how many contracts they seek to finance.
Finally announcements everytime a significant contract is sorted.
The reality is we don't need many updates to know things are going very well. As investors the thing to look out for are new financiers. We don't need to worry or stress about anything else. Every new one is a huge significant step.
SYME appears to be perfectly capable of scalability without big helping hands. Capable of monetising £10bn inventory per year in my view. But with new financers comes what could almost be unlimited resources and some absolutely mega contracts.
This will be the difference.
We are talking financers who will set aside £10bn+ per year and they will already have most of the contracts in mind as current clients/customers. The bigger financers will be looking at 100 contracts for example, not thousands.
Will that be next month, next year, the year after or in 5 years?? Will it be 1 of them, half a dozen or a dozen.
The impression I am getting for now from the interviews between AZ and Zac Mir are that we will see around 10-12 financers before the end of 2021 with a similar scope to the captive bank. Collectively capable of monetising £20bn inventory in a single year.
As frustrating as things are in terms of the share price should be way higher than it currently is.. it's comforting to know the big boys want as many shares as they can get. Because they know, long term, that extra 10 million shares could be worth tens of millions.
These guys gave all been loading up shares, before they are announced as lenders.
I see 4 'banks' here, who will become lenders through SYME, to their own current clients.