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.." this [dividend] is paid by company capital and the sum given is subtracted from market cap, meaning is a negative drive on the pps. "Trader" lamo.."

The 'sum given' is subtracted from asset backing or net book value per share : is that what you mean by 'pps'?
In any case, that's only one (objective) metric that is taken into account, there are many other (subjective) ones that contribute to 'momentum', which can be as crude as 'it's going up because it's going up'.
Which (sentiment) ironically feeds back to my comment about a 'virtuous circle'.

Not sure, incidentally, what the point of your concluding, snide (?) remark is/was: as it happens, it's a private reminder to myself - I made a lot of money back in the day trading LDC debt - eg Nigerian Pars, Venezuela FLIRBs, 'exotics' like Cuba and N Korea trade paper - before 'growing up', losing my nerve and recycling gains into more 'conventional' investments.

Anyway, your 'nothingburger reply' has rather given me your measure. A pity, since some contrarian views are a useful antidote to confirmation bias.

.."Nonsense. This is a one off and stup1d one.."

Is that the best you can do?
Oh dear.

.."Dividend is a headwind to momentum, by definition and in essence..."
HVO wants to attract II's and a more stable shareholder base. Many II's are restricted to dividend-payers, believing it imposes a healthy discipline on management.
If any such are now persuaded to buy into the HVO story, they'll be able to do so...and that in itself - 'by definition' - will help momentum, as part of a virtuous circle, AFAICS.

Now please make the case as to why paying a dividend is a headwind to momentum?
Serious question.

"Perhaps we should meet for a beer in London if/when we finally get our pay day? GLA."

Sounds like a plan, Stan.
;->

Hmmm...
I wrote last week
"If PNP will make IM more attractive in Italy, because it involves the concept of 'security interest' which is ALREADY widely available elsewhere in Europe and the UK, it raises the question : why start in Italy?"
It seems inefficient, to put it mildly, to waste 2+ years playing around with IM elsewhere (and getting nowhere), whilst waiting for a legal system to be finalised in Italy so you eventually can start there..
It's a bit like having an IPO for a product that comes to market but then needs another couple of years of IT development before it's (maybe) ready to launch.
AFAICS

Hi Pro,
ZIOC is a start-up, so you wouldn't expect the balance sheet to tell you much.
The share price was recently at an all-time low, reflecting that reality. There won't be many fortunate enough to have bought in at that price, yourself (evidently) included.
Thank you for your kind words of advice.
I don't expect to hear from you again.

ATB

Interesting to note that - of the then 280 million shares - 20m became available @ £1.56 in the IPO, raising £ 30m for the Company and another 20m were sold by the founder directors, raising £ 30m for them.

So (a) 40m might be considered the extent of the original 'free float'; (b) the implied MCap valuation is a read-across of 40/280m = 15% in 'real money'; and (c) the founders/promoters will have already got most of their 'seed investment' back...and may not be as 'anchored' to the £1.56 number as the original, outside investors (if there are any of them still on the books..).
And GLEN, of course, picked up its stake as a purely incidental result of its Strata takeover, so has no 'anchoring' whatsoever re price of an eventual sale: it will be guided only by current commercial (and maybe strategic) considerations.
I think we should manage expectations (downwards) accordingly.....what do others think?
ATB

Hi SteveK,

Because AFAICS DW has ‘form’, see the shenanigans around Palermo FC

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwj95M-bjd_8AhVmS0EAHRIYCX0QFnoECA8QAQ&url=https%3A%2F%2Fwww.mediagol.it%2Fpalermo%2Fcessione-palermo-dominic-white-laumento-di-capitale-e-la-sua-spv-ecco-chi-detiene-le-loan-notes-da-15-milioni-di-sterline%2F&usg=AOvVaw1kkiG-4bRMBTtjjoqaLPO1

Cosmos Sicav figures large here also.

HTH

Thanks for the link!
'Trade flow' is a reference to the activity, not the SYME subsidiary, it would seem :

.."ICC TradeFlow was co-developed by ICC together with trade tech firm, Perlin, in collaboration with IMDA, commodities trader Trafigura, and DBS Bank.."

Perhaps you've not understood the link?
#ATB

.." Italy they have funding but not the legal framework.."

I don't think SYME has funding anywhere, tbh.
Pls provide concrete details of what readily deployable funding SYME has in Italy.
PS a simple statement from AZ to that effect won't cut the mustard these days, I believe.
ATB

Re PNP : ."The PNP Regulation will, for the first time in Italy, introduce the concept of "security interest" (a concept widely adopted across Europe and the UK) into Italian law, and allow entrepreneurs to access the financing of their inventory more easily, without having to sell, transform or otherwise dispose of their business assets..."

If PNP will make IM more attractive in Italy, because it involves the concept of 'security interest' which is ALREADY widely available elsewhere in Europe and the UK, it raises the question : why start in Italy?

Captive/Fintech/US/Shariah and others all kicked into the long grass. No update or hard info on TF.

GLA

Hi Steveward,
Thanks for DYOR'ing Dario Barisoni...and for his realistic IMO assessment of SYME's prospects : a qualified 'yes', if it can hold out long enough.
What prompted you to seek DB's views (I may have been asleep at the back of the class)?

His linked-in profile suggests he's an intermediary and an introducer.." a specialist in launching new business, opening new subsidiaries in ME and Asia, enabling JV for European Companies expanding to Asia and Middle East. 20 years of experience for top international corporate organizations, Blue Chip as well middle size Companies, a solid experience as Regional CEO and in board positions; he is a specialist in internationalization projects, he established and managed companies and corporate subsidiaries in Asia and Middle East..."

He appears to have been a facilitator at SYME's M East representative iMass about a decade ago.
PartnerPartner
iMass InvestmentiMass Investment
Mar 2010 - Jun 2012 · 2 yrs 4 mosMar 2010 - Jun 2012 · 2 yrs 4 mos
Abu Dhabi, United Arab EmiratesAbu Dhabi, United Arab Emirates
Partner - cross border investment projects for the internationalization of EU Companies to the UAE.

Is that the connection?
TIA

Hi nibj,

Not sure tbh.
I'd turn it around and ask : in the event of an offer, supported by GLEN and Elphick, how many shareholders would oppose?
My assessment- based on the very minimal dilution that has taken place in the last decade - is that Elphick is still motivated to get the best price he can for HIS shares...and I'm happy to ride on his coat-tails.

HTH

Of the 593m shares now in issue, the flwg holdings seem to apply (Everitt and Higgins have both fallen below the 3% declarable level, but so far no TR-1s AFAIAA):
-GLEN 286m
-Elphick 80.3m
-Keith Everitt 17.3m
-Julian and Lydia Higgins 14.1m

Total 398m, so roughly 200m supposedly in 'free float', though many presumably in 'sticky' fingers (friends of Elphick and Howarth) still : I see I wrote this a couple of years ago :

NCCL (Ncondezi Energy) is a coal-mine/power plant project in Mozambique kick-started by M Howarth, co-founder of ZIOC with Cliff Elphick. Howarth (+ friends ?) was behind Garbet and Elphick ( + friends ?) behind Guava, the 2 x principal shareholder groups in ZIOC.
Simplistically, it appears that Elphick has the mining connections re ZIOC and Howarth the banking/HNWI connections behind both companies. Howarth appears to have a sense of humour, his HNWI activities are / were ? under the umbrella of a company called 'Strata Ltd.'

Howarth has been scaling down his (public) interest in ZIOC over the last couple of years, see : "Mike Haworth has his interest held in Salamanca Trustees (Jersey) Ltd 13,269,127. Prior to that he represented a block called Gabet of 115,671,186 shares (roughly 40 % of ZIOC) which was disbanded and paid out to the various shareholders...."

So the 'real' free float may actually be quite small....

Hope this is of some interest...and relevance!
ATB

.."the reason the share price has dropped and multiple trolls deramping as best they can because they know things are coming together..."

If the 'trolls' know things are coming together, surely they'd be buying? As would everyone else who 'knew things', not least those supposedly better informed than the general public, like the various TG groups and/or AZ's friends and early doors backers, like this guy https://www.focusrisparmio.com/news/supply-me-fintech-gamma-capital-markets-investitori and his mates.....
Serious question.

That's a bit of ostrich, surely?

.." the present price of iron ore may well be irrelephant..."

Who gnu it would be such aardvark dealing with this mynah issue? Better keep an eye on the cheetahs....
IMO

;->

The 6 month lock-in is surely just part of the normal ‘orderly market’ provisions?

Hi technician,

Thanks for turning heat into light.....even though it wasn't what most of us were hoping for. And kudos to Mitch for calling this right.

Merry Xmas one and all.
Onwards and upwards!

https://www.africaintelligence.com/central-africa/2021/09/08/glencore-s-two-speed-debt-talks-with-chad-and-congo,

A creditor of both N'Djamena and Brazzaville, the oil trading giant is facing two very different situations. In Chad, which is seeking debt relief under the terms of the G20's "common framework", Glencore will have to accept the terms negotiated by the country's sovereign creditors. In Congo, however, debt relief is discussed behind closed doors. [...]