Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Yup. Accounts now downloadable from CH so this situation will move quickly.
https://find-and-update.company-information.service.gov.uk/company/03936915/filing-history
I still think that because of Covid, the FCA will need to see CH updated like this before they allow the relist.
I know it normally isn’t required but because some systems are not functioning normally, the FCA would need to know 100% that the accounts were lodged, not just RNSd. This is what the delay is.
That’s the accounts just added. Make of that what you will.
https://find-and-update.company-information.service.gov.uk/company/03936915/filing-history
The subdomain doesn't have its own SSL cert and why would it? Its temporary, There is no data entry there as it's an info give only and doesn't need any SEO benefits. Seems like a good use of budget. It's still a legit gov site.
That's CH saying they are now processing 30 Jan. Would expect some updates on CH soon for Full & interims.
http://resources.companieshouse.gov.uk/dashboard/paper-processing-dates.shtml
@wolf - I was thinking about this but I suspect its covid/lockdown related.
When paper copies were being sent, there would have been proof of sending and delivery, which the FCA would have taken as 'lodged with CH', however with offices shut and everyone working remotely, the only sure way they know the accounts are lodged is when they appear.
That's my guess why the procedure is lengthier than 'normal'.
Accounts are not on companies house yet. They are still processing accounts from 28th Jan. I imagine that FCA need this done before giving the nod to relist. Likely next week sometime.
http://resources.companieshouse.gov.uk/dashboard/paper-processing-dates.shtml
They dont have a definitive material impact on SYME finances (yet), so don;t need to be RNS'd. If he did put those out as an RNS he would be accused of pumping up the SP and it would be damaging, when relisted.
All good news though. Will not be short of clients when funding is sorted.
I posted something similar a while back too. Whilst I don't think it was a reason for the delay, I do think SYME are going to use the opportunity to get the last of the ducks in order. Consolidation would be easier to do right now and would help with ii funding going forward.
Quack GLA.
According to the latest tweet from SYME, it's partner EPIC has been bought over by Azimut Direct, which will progress their Banca Sintetica project.
Pietro Giuliani, Chairman of Azimut Group, comments “The asset management industry is evolving, offering
alternatives to the traditional banking model in financing Italian small and medium-sized enterprises. The use
of technology allows us to create new opportunities for our clients’ patient capital, supporting the financing of
enterprises who in turn benefit from an understanding of their needs by our portfolio managers and timely
executions. This new project allows us to increase the product offering in the private markets segment, which is
becoming an increasingly fundamental asset class within our customer’s portfolios in order to generate
positive performance in the medium to long term.”
And I’m sure they will buy from suppliers in their own country. It’s not a unique product.
Covid: Minister rules out vaccine passports in UK https://www.bbc.co.uk/news/55970801
It was a hard sell before...
It depends. If no additional news other than relisting, it's likely you can get in at current price or below.
There will be a lot of sales from people who have been unable to get their hands on their money for last couple of weeks. This will (hopefully) be balanced out by those waiting to invest.
If there is a 7am RNS accompanying the relisting RNS that announces the first securitisation (or some other good, solid news), then you will be lucky to get in at 0.7.
It would be prudent to avoid the first hours trading when its back as it will be very volatile and not ideal for beginners.
This does not constitute investment advice and is only my opinion.
I saw this Q&A on Reddit from a company director that was attacked by shorts. This bit really stood out:
"About a decade and a half ago, my company came under short seller attack. We faced a highly-coordinated PR and legal campaign, and it almost brought the company down. What made no sense was that our company was thriving, on track for its best year yet and consistently crushing analyst expectations. We discovered in time that the shorts had worked the media, contacted regulators, colluded with someone in our company, and timed their trades just before bad news broke."
Sounds very familiar...
Whole article is here.
https://www.reddit.com/r/IAmA/comments/lbzd8a/i_am_rick_smith_the_founder_and_ceo_of_axon/