Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Hello all,
I have no clue when the FWP will be announced. I do however suspect that shorters use inside info, however they obtain it, I'm u nsure. Otherwise, how could they short from 6p etc.? But it works BOTH ways.....if they are buying back and closing shorts, have they got wind of the FWP and how it will be funded??
Aren't infrastructure and inventory monetisation two completely different things?
Just to say I'm still in hur. All eyes on FWP
Obviously, much depends on detail, but what sp do people see after SH RNS? Sensible answers only please!
no surprise there then!
wouldn't want to be out of this over the WE. A cliche which has never been more true than 27/11
"New CFO is a brilliant hire. He just gets it"
70m quid plus £160 m cash as at Nov 25. Provisions increased to £159m as forewarned early Nov. CFO in role for 2 weeks
EOM
He says we face challenges but he's going to turn around the business. He says JB is a XXXXXX and a new board was needed.
I'm in the webcast. And we're already blue. gary has just said £2.00 by xmas
Glad to see it holding up....could see it move blue later? DYOR
Who knows how accurate? DYOR
"Hurricane's "Half-year Results 2020 & Technical Update" on 11 September 2020 stated; "In July 2020, pressure data from the downhole gauges in the 205/26b-14 well was retrieved, which indicated 20 psi depletion at Lincoln, interpreted to be due to the effect of Lancaster production some 8 km distant. This suggests that the Brynhild fault is not sealing, and that the OWC at Lincoln is likely to be close to the structural closure, as at Lancaster. While limited available data on Lincoln is not definitive, a base case OWC is now estimated to be at 1,846 metres TVDSS (± 50 metres)." The revised CPR, due before the end of Q1 2021, will presumably include a more definitive position in relation to this. To enable the CPR to be updated within this timescale, I would expect that the pressure data from Lincoln Crestal must either have been collected by now or will be very soon. If the downhole gauges at Lincoln Crestal definitively prove that Lancaster and Lincoln are a single reservoir, will HUR wait until the CPR is published before sharing this information or will an interim RNS be released? My expectation is that the latter would happen and it could happen at any time between now and the CPR being published, probably sooner rather than later. My expectation is that they will be able to prove or disprove the linkage before they complete assessing the implications of this so the initial RNS might just state that the linkage has been proven, and that further analysis is ongoing, or disproven which looks less likely to me. If Lincoln and Lancaster are a single reservoir; - Does this increase the likelihood that Halifax, as suspected in the 2017 CPR, is a part of the GLA reservoir, that Warwick is part of the GWA reservoir, and that GWA and GLA are a single reservoir, albeit with a higher OWC? - If GLA and GWA are one single reservoir with a higher OWC, does that help to explain why Hurricane and RPC got the 2017 CPR so wrong? Were the very high Productivity Indexes the result of a massive shallower reservoir but misinterpreted as 4 smaller deeper reservoirs? - What does this mean for the future of the Hurricane / Spirit joint venture on GWA? How do they divide the GWA and GLA oil if it's coming from a single reservoir? - What impact will it have on the recently reduced oil estimates? Will it increase them somewhat, albeit, not to the level of the 2017 CPR? My expectation is that it would. - Were the shorters panicking yesterday because information from the downhole gauges at Lincoln and/or other information has either leaked out or is expected to be released imminently? Maybe all will be revealed in an RNS this morning? Or maybe we'll just have to be patient. I wouldn't like to be short on HUR at the moment. There's a lot of scope to be seriously burned".
Sorry for typos. Yep I do know one of the NEDs ( not well, but indirectly professionally).
Yep I do kne ofthe NEDs. Funny thing is when I came across SYME wondered if he was involved as he has a reputation in this industry and is Italian and is a big name at European level. However, NEDs dont run a company or have insights into its day to day operations by definition they are external. Still, fact that he is quality is positive.
I only invested yesterday so I'm not as impatient as some here !
I know precious little about the founder but I happen to know one of the on executive directors who is one of Italy 's leading experts in supply chain finance. Wont say the name. But he has integrity.
Will take a look during the week but I thought that inventory finance is a subsector within factoring?
When a business factors its inventory, it sells pending purchase orders for a discount to generate cash flow to purchase inventory from its suppliers. This is often done when the business needs working capital immediately to buy the necessary inventory to fulfill the purchase order.
Thanks for the replies..the USP of SYME, if I understood correctly, is therefore the securitisation element? The use of blockchain and online platforms for factoring and inventory finance is already on offer from several providers. The one in Estonia I mentioned is https://inwise.co/
https://inwise.co/
Sorry, I'm a newbie to SYME. What is the SH RNS?
I supported a study on inventory finance, and Key to success is getting funding backing and scalability ahead of rivals to become a market leader quickly.
I'd agree potential huge but concern is the competition. There are many online platforms offering sthng similar to SYME, like in Spain and EStonia ....for example. Investment case would be useful beyond helpful set of progress points sbdy posted.
Moody's talk about additional equity raise.....but haven't IR said explicitly that a RI is not on the table? Can anybody confirm who has spoken to IR? Maybe an institutional placing then? If it's to do something positive like drill more in existing Ghana fields or in Guyana Cretaceous, it could be positive....?