Member Info for extrader

Thanks, can you C+P the ones mentioning CF and IO'N, pls ?

Which company are you referring to in the opening message, pls ?

myboycasey
That's a different company , Poolbeg Ltd, Company number 11036764, a renter and lessor of construction equipment.

Hi ns20,

The problem with your explanation of the change in accounting dates is that it doesn't tie in with the facts :

- the change 31/3 to 30/9 was explained in the 19/06/2020 RNS as being ..."in line with the Board's intended strategy to align the accounting reference date to the operations of the Group, which in turn is aligned with the working capital cycles of our customer base, being manufacturing companies that tend to build up stocks during the year..."

- the further change 30/9 to 31/12 (with the added wrinkle that this provoked a suspension), was explained in the 19/01/2021 RNS as : .."following discussions with its advisors and auditors, it is changing its Accounting Reference Date from 30 September to 31 December to align its financial year-end with the Calendar Tax Year (31 December), a more standard accounting reference date..... and one which is more appropriate to SYME's current and future operating subsidiaries' trading..."

The second reason (SYME's and its customers' trading cycle) directly contradicts the (same) reason it gave when announcing the earlier change ; and the first reason (flwg discussions with advisors and auditors) is bizarre, since it was followed only a couple of days later by the 'technical' suspension (which must surely have been known at the time ?, so why not tell the market then ?), interleaved with 'good news' re Shariah platform approval.

When the listing was belatedly restored - 9th March 2021 - it was followed 8 days later by the 'good news' of an acquisition, named as TradeFlow 2 days later, a highlight (alongside the 'good news' of new CFO appointment) and , no doubt, a welcome distraction from the remainder of the Trading update eventually released on 1st April 2021.

Reading and comparing SYME RNS's, I sometimes wonder whether they make things up as they go along.

AFAICS

.."great for us shareholders as we are aligned..."

''When seagulls follow the trawler, it is because they think sardines will be thrown into the sea.''

IMO

Half-answering my own Q, here are extracts from wallyj's notes re 15 Mar 2022 presentation, suggesting CF is down-playing importance/prospects/likelihood of HMG takeup/follow-through....

.."Has ORPH had regulatory approval for Covid studies and how many companies are interested?
- Study has been published and peer reviewed, it will be in Nature magazine next week which reassures potential clients. Revenue will be on top of the £50m currently guided. A number of studies expected every year from commercial interests RATHER THAN GOVERNMENT [my bold]

£40m gov contract?
- Quite a lot of that money came to ORPH, BETTER to sign up multiple studies at up to £10m with pharmas, OTHER non-Covid studies are also approaching £10m mark now.."

Ho hum

PS, re .."just don’t understand what the U.K. Gov are playing at ..."

Quite agree : it's apparent from successive crises - that gubmint - of whatever political hue - is reactive to 'events, dear boy, events' .
Any manner of foreseeable issues - housing, inflation, energy shock, levelling up, NHS deficiencies - are unaddressed until there's a crisis.
Not just the pols, too : they're expected to have a short - term view ('the attention span of a gnat, to coin a phrase' ;-...) Where is the long-term strategic thinking that plans beyond the electoral cycle ?

I make it 1 CHIM study @ £ 10m (now completed) and 3 x downpayments @ £ 2.5m for further CHIMs, status unclear AFAIAA, they may have started 1 to compare 'original Wuhan' with 'Delta variant' (I think they're still working on the 'brew').
Maybe someone out there can quote chapter and verse ?

From RNS 20/10/2020... "The contract starts immediately and could be worth approximately GBP10 million to hVIVO depending upon the final number of volunteers that are included in the characterisation study. In addition, the Government has secured the first three slots to test vaccines using hVIVO's COVID-19 challenge study, which we expect start in 2021, each slot reservation has been secured at a cost of GBP2.5m each bringing the total value of these slot reservations to GBP7.5m..."

HTH

ALB1,
(1) None of us know whether sum of bribes + fines leave GLEN better or worse off on a net basis, taking account of whatever business was generated...;-<
(2) None of us know what bribes might have been /might be required to develop Zanaga....;-<

That's 2 x 'known unknowns', AFAICS

ZIOC have indeed been v parsimonious with the issue of extra shares.
Management / BoD may not have paid much (net) for them, but they clearly don't want to see their interest in any eventual breakthrough diluted...

And the management team take their compensation in shares, IIRC.
Mind you, this could be a case - based on recent silence - of 'you pretend to pay us ...and we pretend to work'...
;->
Mind you, when faced with a (seeming) impasse, where you're waiting on 'events, dear boy, events' - as Harold Macmillan said - how much can you realistically do ?

Ho hum

A powerful, sobering article :

.."A kettle boiled twice a day by a family in Britain uses 5x as much electricity as a person in Mali uses per year...."

We (esp. the environmentalists in whose name /for whose 'feelgood' this situation is allowed to persist) should hang our heads in shame.

IMO

...in the 'breakout' numbers that appear below those quoted in your source document....

Hi there,

I (lazily) took my data from the presentation in today's Spectator, rather than 'go to the source' , as I should have done.
The Speccie separated out London...and had the UK as another specific datapoint.

HTH

Some numbers : public spending per person, FYE Mar 2021 vs FYE Mar 2021

London : 15,500 > 19,000
Scotland : 15,000 > 18,000
N Ireland : 14,800 > 17,500
Wales : 13,000 > 17,000

UK : 14,000 > 16,000
Laggards
East of England : 12,500 > 15,500
East Midlands : 12,000 > 15,000.

Lies, damned lies and statistics, I hear people say....
Ho hum.

Sorry, no.
I'm not clear what SYME itself will receive/have received for DD (and what its associated costs might be); what it receives as handling fee (as a % and on what principal amount based) and commissions for insurance cover taken out; whether it (the SPC) pays funders whether their funds are used or idle); where the business originates from (some TAG associates are entitled to introduction commissions, for example).

As I've said elsewhere , a worked example would make a lot of this clearer to investors - and to potential customers !

And if you won't leave detailed marketing material with potential customers without an NDA (because of 'commercial sensitivities'), that's quite a turn-off, IMO.

'Inertia is the bankers' best friend ' : the arguments for change usually have to be visible, transparent and compelling for there to be meaningful adoption.

AFAICS

Thanks for this.
One quibble :

.."So day 1 the vendor gets only 85% of cost price of inventory..."
AFAICS, in cash terms it actually starts out receiving 70% (85% less the security retention)....

Maybe !
It's hard to work out what this might mean :
(1) The Nyanga dam is said to be in Koilou Niari Departement (about 100-150 Km due north of Pointe Noire) and appears to be on this river https://mapcarta.com/16863156 .
Could it be a rebranding of the Sounda dam, which has been previously 'mentioned in despatches' as the next hydro project....;-< ?
(2) It's hard to track where the 'Morala locality ' is.....
(3) Gezhouba Group is a founder shareholder of ZIOC's late, lamented partner COIDIC ....and may be part of the restructured consortium led by BaoWu Steel
http://zes.gouv.cg/fr/reunion-technique-du-10-septembre-2021-par-visio-conf%C3%A9rence
Google translate is your friend…In short, Cad fund confirms COIDIC withdrawal from the Pointe Noire economic zone project and introduces China Baowu as a new potential developer and investor…

The dams are under Denis Nguesso (fils) much vaunted Public/Private Partnership flag, so maybe the envelopes are working....
Not sure what, if anything this means for ZIOC/ Zanaga, the Koilou reference may also tie in with Kore Potash, which MAY be gaining some traction.....

NAI, IMO, DYOR etc etc

.."..what the he'll is going on if anyone can fathom it out...because I can't ?.."

Progress !
Moniman has gone from blaming everything on CF to blaming everything on the market...

;->

Worth visiting the Geological Society at Burlington House, to see William Smith's 'map that changed the world' - the first geological survey of an entire country - subject of Simon Winchester's book of the same name
http://www.simonwinchester.com/map

.."The Map That Changed the World is, at its foundation, a very human tale of endurance and achievement, of one man’s dedication in the face of ruin and homelessness. The world’s coal and oil industry, its gold mining, its highway systems, and its railroad routes were all derived entirely from the creation of Smith’s first map; and with a keen eye and thoughtful detail, Simon Winchester unfolds the poignant sacrifice behind this world-changing discovery..."

Hi Stevek1972,

I didn't take it that way ;->
I never understood what the intention/thinking was behind having a time-separated put AND call option arrangement on the TAG shares.....and there's recently been some activity on the IWEP/DW /ECP bond front that ties in (I think !) with the 'settlement' arrangement concluded when AZ exercised the various calls....AND there's the belated introduction of a 'cash alternative' for the unwinding of the collateral arrangements for the margined 1AF2 loans....which is due for repayment shortly (I think...)...
I've always struggled to get my head around what ECP does, which makes me think that this may be more a 'cunnning plan' of DW's doing than something AZ has dreamed up.