Member Info for Ctw2014

Anyone with the slightest worry that we are vulnerable, as the minority shareholder in Geomet, to being “screwed” by CEZ, should refer back to the AGM papers RNS of 5th December 2019 where the terms of the shareholder’s agreement are set out, including a comprehensive list of ‘reserved matters’ which require a unanimous decision between EMH and CEZ and also deadlock provisions. No likelihood of us being screwed in my opinion but take a look for yourselves.

Holding off to get another deal signed, maybe?

No worries

Hunky
Not sure who challenged the fact that the $16m contract is additional to the framework agreement with the consortium, but it wasn’t me, and my post was at pains to confirm that. I think we are furiously agreeing mostly and to the extent we differ at all, that is explained in my post. Best.

Forgive various typos in previous post.

Hunky
With respect, I think you may have things a little muddled in your post. There is no order of $40m ‘only’ a framework agreement which could deliver in excess of $40m by end of 2024, if the numbers indicated by the consortium are in fact ordered. The first (and only) reported under under that agreement was the 500 units rns’d on 15th June. It is clear, in my opinion, that the contract reported on 13th July is an entirely separate and additional contract with another distributor (not the consortium) this time with a firmer value of $16m over 4 years. So, I don’t think we can deduce a specific number of further orders under the consortium’s framework, but we have been given an estimated value over time. What I think we can deduce, given the exclusivity conditions referred to in the 17th Dec rns, is that the consortium deal probably didn’t cover Argentina. The latest does. The other interesting point is that there was some disappointment that it took 6months to get an order for 500 units under the framework contract with the consortium and I notice that in the 13th July rns, that they are more careful to manage expectations by making it clear that revenues won’t start to flow until early 2023 and will ramp up more strongly in 2024. In other words, this deals take some time to ramp up, and we should not be concerned about the apparently slow start to orders under the 17th Dec rns. Totally agree with your comment about our market cap, except I think it’s looking silly already!

Nice to get something right for once!

This is a great reminder of the range of applications Symphony’s tech has. Huge potential here in my opinion.

We have an Investor Meet Company presentation on 20th July at 12.00 BST. I reckon we will get a general trading update before then.

Yes it’s clear in my opinion that he was emphasising how significant the contract with Grupo Bimbo will be to a company like SYM with current revenues of £10m (ish).

They are going for scale with free kits freely available to new users as you know, so £1m in sales in 6ths seems pretty good to me. I think a fair chunk will be ‘commission’ on product sales which as you say is basically pure profit. From a standing start not at all poor imo.

Not sure, but I would imagine it’s a combination of the two.

Wouldn’t be surprIsed to see a general trading update prior to the investor meet company event on the 20th. Dribbling out a few titbits beforehand to warm up the market is a good strategy imo.

Correction - 10.42p

Great RNS and a decent top up for me at 10.45p

Correction - at 10.8p

A little top up for me at a whisker over 10p. Reckon more news could drop at any time so had to be done.

That 10.13am trade at 18.22p is my small top up (not a sell). The Grupo Bimbo deal looks like a monster judging by the scale of the company and the size of its market and market share. Their website is well worth a look to get a feel for that. And this is just one of many deals we can apparently expect in the short term. Bring it on!

Well, this price suits me for now. Just topped up again. No way is a raise coming anytime soon given the cash they have irrespective of Sprott’s decision. Whatever he does, the 14th July passing will be a positive in my book. So will the expected interview. All in my opinion only and not advice of course!

Well, I am still expecting some news relatively soon once that inking has been done. Confident that Keith would not have misled us about that. On that basis, just topped up again on this little dip. GLA