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@stebol
You are right, however as everyone has noticed the seller has had the worst timing. He could be looking for a reason to scupper the deal and capitalise on better oil price. Who know though. All just guesswork and AM is an experienced deal maker.
GLA
TW hasn't been writing about SYME recently and it looks to me like some of his more inflammatory/made up stuff has been deleted. Sounds like AZ's lawyers have likely been on him with a cease and desist. Perhaps Calamari can clarify?
As we all knew, this means that he had no proof to substantiate his claims. I'm Looking forward to this week. GLA.
So SYME have got into the habit of releasing a trading update every two months on the last day of the second month.
With AZ tweeting 'Further News upcoming', and the FCA delay getting into its 5th week, I wouldn't be surprised if its trading RNS tomorrow, with relist on Monday.
What a weekend that would be...
Thoughts? Is it likely?
This is a marketing piece not an RNS. Of course they would welcome conversations with interested parties. All businesses do that. It's how they develop new ideas and opportunities. It doesn't mean they don't have a service.
Yeah and AZ knows exactly what he’s doing with ‘Further news upcoming’. He knows we would leap on that as the FCA unsuspending the share. He wouldn’t dangle that if it was anything negative. Could be SH too I guess...
Everyone is focusing on SH and first securitisation, but I think the Sharia aspect might well surprise everyone. SYME has a presence in the middle east, has partners and a viable product in a market that does not often have new products. I think this hub will race ahead far quicker than the western ones and deliver big numbers whilst US and Uk are still finding their feet.
Thoughts?
Napalm. I agree with you about the SP predictions. This is a risky startup. Will take a few years to find its feet. Have learned to tune that side out in the same way I disregard the doom mongers
Investing is a personal decision. I think this has potential. I’ll take the risks or the rewards. Everyone else free to do the same. I just object to lies on both sides. I think you are saying the same thing.
@napalm - excellent points but we live in a changed world. The 'just in time' inventory is mostly an effort to avoid having too much money tied up in stock. We've seen the pitfalls of this though, when problems hit - Brexit, covid, shipping container crisis, even toilet roll supply etc. The choice to do 'just in time' is because there is no way to monetize stock.
Until now.
That's why it's a game changer. A new wheel. Thats why its disruptive and that's why its under attack.
I'm not disrespecting your view (which is admirable) however there are always companies that want to do things differently and in SYME's case it is evidenced by their sales pipeline. It's not for everyone, but the companies that outpace their competition do it through change. Those that do things the same way, get the same results, until the world changes around them.
It's not the accountants job to be bold. I get that though.
Hi Napalm. Imagine you sell wine. You put all the costs into making that wine up front. You dont get it back until its sold maybe a year later. Maybe in the interim you have an opportunity to buy the neighbouring land to expand your business. You will have the money when you sell the wine but at the moment its tied up. last years revenue is needed for next year's crop.
I could go to a bank but this will cost a lot and technically I already have the money, its just tied up.
This is where SYME comes in.
It's in the RNS's. This was a technical breach of the rules, self-suspended and now largely resolved. Delay is due to the state of the FCA at the moment.
In the background SYME are progressing. They have set up their UK office, are hiring a CFO and getting on with the day job. Will likely resume with news of securitisation and the naming of the funder.
The only evidence to support this not being relisted comes from unreliable narrators with a vested interest in the price staying low on relist. It doesn't take a rocket scientist to determine their rumours are bogus.
This share is always going to be a rollercoaster ride. SYME is global and involved in many sectors. Even if the company never puts a foot wrong, there will always be a constant series of problems caused by external forces. Rule changes, sector-specific problems, currency fluctuations, elections, you name it, SYME will be impacted by it to some extent.
This little escapade is just testing your LTH mettle. Are you tough enough to hold?
The rewards will be great if you do.
The RNS has an interesting construction. The line about how they are continuing work across all geographies is then followed by the line about SYME having no control over the timetable.
This is laying the groundwork for plausible deniability when the relisting comes back with a stonker of a trading update.
When the shorters are burned and complain, the facts will already be laid out - ' We didnt stop working. We had no control over the timetable' SYME will say.
Strap in.