The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Deltafox https://www.forbes.com/advisor/investing/what-is-pe-price-earnings-ratio/
Parm depends how big your balls are mate. My average is 0.0059 and I haven't sold out with the intention of buying back in lower as I'm petrified of mistiming it and getting locked out on a rise. I remember when it was ranging between 0.04 and 0.07 and one guy was bricking it that he'd paid 0.075 when it dipped back down to 0.045 and was thinking of selling! I'm not sure if he did or not lol. Maybe you are a good trader and will manage it, but most people end up with less shares and more stress by trying to do that. Each to there own
Cloudstrife I think mcap of 75m is very unlikely now with all the news that we've had. It's only a matter of time before the next lot of RNSs land and AZ likes throwing in some surprises that we weren't expecting, like the middle East MOU with iMass. Also I'm not sure they'll be at 7am anymore, but rather intraday as he must be sick the death of day traders and shorters.
Mick2 - you are getting very confused mate...
Shares in Issue 32,755,000,000 × Share Price 0.0047 (current) = Market Cap 153,948,500
Shares in Issue 32,755,000,000 × Share Price 0.0306 (3.06p) = Market Cap 1,002,303,000
The P/E ratio is price per earnings ratio. It is based on the earnings of a company. For example if SYME made £50mn and were issued a P/E of 20. The company would be valued (have a market cap) of £50,000,000 x 20 = £1,000,000,000. If the mcap is £1,000,000,000 you can see from above calculation of shares in issue, that the share price would be 3p.
This is why AZ has said recently he is keen to get fundamentals out to the market and why I believe the annual report date was pushed back to Jan 21. SYME is currently making money and by the time that annual report is due, AZ is going to want the numbers to be as high as possible. https://www.supplymecapital.com/investor/financial-calendar/
Sit tight and add in the dips! This is not a get rich quick scheme, but rather an investment... Enjoy your Sunday
https://twitter.com/alwayznow_/status/1312018660110802945?s=20
https://twitter.com/alwayznow_/status/1311665630425182214?s=20
deleted 2nd tweet now! Hopefully 3rd time luck lol
Pharm2farm are expecting to start production of anti-viral 4-ply disposable face masks soon after Jan 2021. Certification will be achieved in November 2020 should proof of concept be successful in early October.
Think they've accidentally let cat out of bag!
Pharm2Farm
@Pharm2Farm_org
Pharm2farm are expecting to start production of anti-viral 4-ply disposable face masks in Nov 2020. Certification will be achieved in November 2020 should proof of concept be successful in early October.
-
This is different from other recently publicised reusable, washable ‘anti-viral’ face coverings which may allow the wearer to breathe in the virus before it can be inactivated.
-
The masks consist of an FFP3 filter media which blocks 99% of particulates. Our anti-viral layer ensures that virus’ blocked are inactivated.
they've just re done it - https://twitter.com/Pharm2Farm_org/status/1311303164596027392?s=20
https://twitter.com/Pharm2Farm_org/status/1311297809614860290?s=20
But let us end on a happy note!
Following the period end, a number of changes have taken place. As announced in July 2020 and August 2020, the Company disposed of certain of its assets and investments and completed two share capital reorganisations. As part of this transaction, Vela facilitated the conversion of £550,000 bonds into equity, completed a fundraise of £1.0 million via Peterhouse Capital and appointed James Normand as Executive director. As part of the transaction Antony Laiker resigned from the board of Vela. On completion of the transaction the Company retained its interests in five investments (being North Peak Resources, WeShop, BlockchainK2 Corp, Revolve Performance and Disruptive Tech Limited) and had net cash resources of c.£890,000. Subsequent to the completion of the transaction, Vela has received a further c.£860,000 of cash as a result of warrant exercises undertaken by certain of the placees from the aforementioned £1.0 million placing, which has further bolstered the company's balance sheet.
As a result of these changes, the company and its shareholders can look forward to a much brighter future. We continue to implement our investing policy of identifying and making a range of investments within the technology field and remain open to various investment opportunities.
chairman's statement
for the year ended 31 March 2020
During the financial year, Vela was presented with a number of opportunities including a prospective corporate transaction which unfortunately was a victim of the restrictive Covid19 lock down earlier this year.
At the beginning of the financial year the company raised £400,000 with a warrant attached for every 4 placing shares subscribed for by investors. The funds enabled Vela to invest a further £91,341 in to Portr, the baggage handling group in which the company was already a minority shareholder, and to redeem certain outstanding convertible unsecured loan notes.
In May 2019, Argo Blockchain announced a strategic alliance with HIVE Blockchain Technologies Ltd ("HIVE") to create the world's largest purpose-built business-to-business mining service provider aimed at large-scale enterprise with a conditionally agreed share swap arrangement, by which Argo would receive 16,321,281 HIVE common shares, representing 5% of the existing outstanding share capital in exchange for 44,062,500 ordinary shares in Argo, representing 15% of Argo's existing issued share capital.
During February 2020, the company successfully renegotiated the terms of its then outstanding £550,000 bond supported by the security trustee and principal bondholders. Vela was able to extend the repayment date on the bonds by 6 months to August 2020 whilst it continued discussions at that time with a view to effecting a corporate transaction, which would result in a substantial investment or an acquisition to utilise Vela as a reverse takeover vehicle. As noted above this transaction did not proceed due to the impact of COVID-19.
The outlook altered as we entered the new financial year with the Covid-19 tsunami which engulfed several companies. Vela was not immune and our investments in Portr and Vibe bore the brunt of lock down. Portr was severely impacted by the lack of air travel whilst Vibe suffered through the closure of entertainment venues both indoors and out. As outlined below the Company disposed of certain of its investments following the period end, including Portr and Vibe.
Lew82 - google what an option is and watch a video, i believe someone posted some youtube links below. It sounds like you are a bit neg and getting impatient waiting for promised RNSs, to do what when they land? Sell? SYME is about the longer game, please do some research. What AZ has done today suggests with extreme confidence (£1.1m worth of confidence) that he believes the SP will be over 0.86p by year end.