Member Info for extrader

(1) As at 30/9/2020, Azimut Holdings reports Assets under Management (AUM) of Euro 44.2 billion, see page 5

https://www.azimut-group.com/documents/36325/1509984/Trimestrale+30+settembre+2020_EN.pdf/b4ea4f00-4e21-41d4-9e7a-61e581264121,

Azimut clearly doesn't fit the 'Euro 70 bn AUM' of the prospective SH fund provider.

It took about 2 minutes to check this out. I wonder why the poster chose just to 'join some dots' instead ?

(2).."AZ tweeting a direct link to the Epic Sim Azimut deal, I would consider very out of character if not directly involved..."

A twitter endorsement isn't really indicative of anything, after all on Oct 5 2020 SYME retweeted this https://www.focusrisparmio.com/news/supply-me-fintech-gamma-capital-markets-investitori
IMO

HTH

Yorkshireman's favourite dog dies and he decides to have a small statue made of Jack.
Jack was his prize terrier, so he decides to splash out and have it cast in gold.
The sculptor asks ' Eighteen carat ?'
'Nae , tha daft bu***er - chewin' on t'bone'

Cuts both ways :

-"crooks thing everyone else think and act like they do..." Which can be useful sniffing out 'wrong 'uns' : it's not just in soap operas that one brother's a lag and the other a copper.

- the flip side is that decent and straightforward people also think that 'everyone else thinks and acts like they do'.

Both views are misplaced, one damaging to your humanity and the other damaging to your wallet .

(1) As at 30/9/2020, Azimut Holdings reports Assets under Management (AUM) of Euro 44.2 billion, see page 5

https://www.azimut-group.com/documents/36325/1509984/Trimestrale+30+settembre+2020_EN.pdf/b4ea4f00-4e21-41d4-9e7a-61e581264121,

So - on the face of it - Azimut doesn't in fact fit the specs for the SH fund provider.

(2).."AZ tweeting a direct link to the Epic Sim Azimut deal, I would consider very out of character if not directly involved..."

A twitter endorsement isn't really indicative of anything, after all on Oct 5 2020 SYME retweeted this https://www.focusrisparmio.com/news/supply-me-fintech-gamma-capital-markets-investitori
IMO

HTH

..."unless there is a stella RSN on the day ..."

Now, if Carlsberg did RNS's.....

Hi oasis2000,

I have accounts with HL/IG and Spreadex and they have different policies on bread-and-butter stuff, so I'd check with your provider to be sure.

HTH

In Gamma Capital, SYME has or had an investor that was a known money-launderer, who presumably passed Epsion's due diligence tests.
How material their investment was ; whether there are / were other investors of similar background; and how rigorous Epsion's DD was might be legitimate areas of interest for FCA.

Epsion is ECP/DW's creation and AZ retweeted GammaCapital's puff piece about its investment in SYME.

'What did they know and when did they know it' is often a good starting point.
IMO
HTH

Hi Swapleber,

Well , that's already a 20% uplift on the US $ billion valuation of a couple of night ago.... ;->
ATB

Hi all,

My Q to spreadex :

..."I have a number of open positions in ORPH, which expects in the next few months to spin off some of its IP and receive payment in specie, likely in the form of shares in a new US / Nasdaq quoted entity.
If this happens, how will the value this represents be captured in any spread-bets I have outstanding at the time ? I've seen adjustments for cash dividends and even scrip or ''B' shares, but not for foreign jurisdiction shares.

I appreciate that you may only be able to comment in general terms, the devil perhaps being in the detail."

Spreadex has come back straightaway with :

.."We would endeavour to replicate whatever would happen if you held the underlying shares.
Where similar has happened previously you would receive a position in the Nasdaq quoted line to then trade as you please."

HTH

Hi guys,

The two replies kind of make my point ;-> !

Well, that's what I thought/hoped, but am always leery of 'confirmation bias' !

Can't remember now of whom it was said : ' Like children and politicians, he always heard the question he wanted to hear'

;-> / ;-<

ATB

DAK, has Cathal specifically excluded the spin-offs when he talks about ORPH being a $ billion company ?

TIA and ATB

JohnRambo filtered

https://www.ehow.co.uk/info_8678120_advantages-disadvantages-plc.html

HTH

You clearly don't understand the concept of risk assessment.

Hi FSA15,

.."the track record here is not great, years of delays, kicking the can down the road..."

These are fair points, but don't tell the whole story :
Iron ore and other commodity prices fell off a cliff shortly after IPO, even the mighty Glencore (our partner) had a 'near death' experience.
Understandably, no-one was able or willing to make a massive capex commitment. Congo was - and still is - dodgy, but may gradually be being 'brought to heel' by economic pressures.
And this round of 'strategic partners' , likely Chinese, have a different way of looking at (and dealing with) things.
ZIOC is minority partner and must necessarily 'await events' - it's hardly in a position to take much of an initiative.

On the + side, shareholders haven't been diluted out of existence by endless rounds of fund-raising to support a 'lifestyle company' for the directors, as seems par for the course for a lot of AIM co's.

FWLIW, I look on ZIOC as 'high risk/high reward' and have sized my position accordingly : if you believe that PI's may realise even a small fraction of the value , there's still the potential for 'life-changing' gains , even on a relatively modest amount of capital at risk.

Better odds than the lottery, IMO.
Which I buy, incidentally, on the basis that the best improvement in odds is buying the first ticket , which shortens the chances against from 'infinite' to a mere few hundred million ;->

HTH

Hi all,

Spoke to AT this pm, he's currently staying in Dubai, is aware of the new restrictions on returnees.

Was 'aware' that there'd been a flurry of activity today (but not of the spike to top of leaderboard @40% this am), which I said had prompted my call, given absence of newsflow.

Said ZIOC would be providing an update on technical aspects and costings updates but that it would be difficult to say more.

Re management incentives' said that they'd been too busy on other things so hadn't bothered working out this year's 'retention bonus' (reminded me that the package was at least in part a trade-off for having to come back to full-time), said nothing needed to be done re LTIP since these were 'event-driven' .

HTH

Possibilities , as I see them :

(1) They didn't realise. Simple oversight, no NOMAD to alert them.
(2) They did realise .
(2) (a) They did realise and could have produced the accounts (only a few days) , before reporting themselves to FCA, avoiding suspension.
(2) (b) They did realise and chose to report themselves first , get suspended , and produce accounts after.
(3) Having been suspended, they presumably expected the FCA to agree to lift suspension, as requested.

What was the reason given for change in dates ? 'To align with group trading cycle'
Unfortunately, this was the same reason as given when the accounting dates were last changed, from ABAL-inherited 31/3 to 30/9.

What is the practical effect of change in dates (apart from the -perhaps unintended - current suspension) ?

SYME no longer has to produce audited accounts as at 30/9/2020, which would be due for release in the next few weeks.
We know from trading updates that these would show only modest activity.
Instead, under the new schedule, it will produce audited accounts to 31/12/2020 , out some time in April or May.

As you have pointed out, AZ is not precluded from releasing good news whilst the shares are suspended.

IMO
HTH

Not awash with cash, but has 1.2 billion shares in Treasury AIUI, 'worth' around £ 2-60 ea today.
I'm OK taking GLEN shares in payment....(for anybody who might be listening).

I emailed AT last Thurs (with one of the news clips he may not have seen)as a pre-amble to asking when he expected to be able to release an update.

AFAICS, twitter is dormant and the last update (to September) came out in September, ie 4 + months ago. And it's a couple of weeks since we were told by another enquirer that AT would be 'assembling' something (which I agree is an odd turn of phrase) for the market.

He's normally pretty approachable/responsive.
Hmmmm....

Hi all,

You have to parse the tweet :

(1) EPIC is doing a deal with Azimut; AZ expects this to enhance SYME's deal with EPIC;
(2) SYME's deal with EPIC is to collaborate on a marketing platform, see the 4 Sept RNS :

.."Epic is a leading fintech platform for working capital solutions, enabling small and medium-sized enterprise (SMEs) to present their development projects - including the inventory monetisation® service - to a selected audience of qualified investors.

The alliance between Supply@Me and Epic will create a new sales channel for the Company, including:

- client company origination, sourced as companies come to the Epic fintech platform, and,
- inventory funding.

In addition, Epic will perform part of the due diligence process in order to increase the scalability and efficiency (time to delivery) of SYME's onboarding process, contributing to the achievement of the Company's short and long-term commercial objectives.

The business alliance targets 75 Client companies originated by the end of 2020 and 250 during 2021."

Neither origination nor due diligence seem to be particular issues for SYME, funding remains its Achilles heel.

An EPIC/Azimut tie-up is 'interesting' but doesn't - on the face of it - change anything.

IMO