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Deftly avoided extrader.
I don't tend to invest in individual stocks. I've held some Insurance / IAG stock previously, but the vast majority of my investing has been in ETFs/ITs, which are far more boring and don't need daily babysitting unlike our developing unicorn here! I have a couple of tiny holdings elsewhere, but SYME has me utterly captivated, as it does you apparently.
ATB
Unlikely insurance. Goods In Transit insurance is already "a thing" and a fairly competitive market.
The only thing from an insurance perspective I can see (from working in London Market Insurance), is that the blockchain technology could give a greater insight into the risk being insured, which could be advantageous to ensure appropriate coverage and remove risk of underinsurance, so insurers would have an interest in the data SYME may hold about a particular client's inventory and/or goods in transit.
SYME could set themselves up as a broker to then insure the risk with a third party and charge a commission for doing so, but it is a very competitive market dominated by a select few huge players, and seems to be an entirely different arm of the business.
Ergo, I think he's referring to something else. :-)
Has any company ever had this much Private Investor attention and this much attention while the share has been below 1p?
This page has descended into chaos today, over a fairly modest, for SYME at least, 13% rise. More than enough justification for me to cling into my shares tightly.
Steven.P - £1.1m is the premium paid to the broker for the call option. Therefore, if the share price is below 0.6945p on 31/12, AZ has lost the £1.1m premium and not able to exercise the option to purchase additional shares at the agreed price.
Millfield - interesting hypothesis, but even with my limited knowledge of call options, the number of shares (630m) multiplied by the agreed share price (0.006945p) is £4,375,350.
From the RNS on 24/09/2020, the agreement is that AZ can acquire the shares should they be above the agreed price, ergo there absolutely is a strike price.
Unless I have misunderstood? The acquisition of 630m shares for £1.1m would be a bargain, even at today's share price.
Extrader: The presence or absence of individual posters is neither a reason to invest or to sell.
The presence of posters not invested, is a clue that's much excitement about the potential of the share, especially if they purportedly claim so many hurdles as barrier to their investment. It's .35p a share, it's very early in SYME's journey to World Domination, if all the pieces were there today, the share price would be much, much higher.
Good Morning Extrader,
Permit yourself a wry smile, just this once. I didn't realise there was any argument or sides in regards to our Golden Unicorn, Supply@Me. The fact you and your cohort are so desperate to undermine SYME merely serves to excite me - an unproven business model, serving toilet roll providers to French supermarkets with a dodgy ownership structure and suspicions of fraud, yet still you haunt this page waiting for your entry point. You must think there's huge potential here if even after all those flaws you still maintain a keen interest in this share!
Best of luck timing it right - presumably you'll be buying in late this afternoon in readiness for tomorrow's RNS? Exciting times indeed!
Just waiting for Holly , Chalker and ExTrader to show up and question the validity of Maradona death claims and whether he ever actually played in the Argentina International Team or if in fact he’s alive and well and playing for Garforth Town on Saturday........
Good morning,
I am researching BIDS as a possible future investment - I do like the concept, and very familiar with FIFA and Football Manager games. I am working from home currently, so should be able to get lots of research in. :-)
One thing I cannot fathom - what was going on with the share price in 2010 and 2014? Google shows 10/1/2020 share price at 18,527.28 and 28,597.98 on 21/11/2014 - are these glitches, or is there some crazy reason for these prices that ruin the scale of the long-term graph?
No, but AJ Bell advised not to expect anything until middle of next month. Think most brokers, HL excepted, have yet to show Accustem in people’s accounts.
Whoa Holly you must be super-excited about SYME’s potential if you think it might be crooked but insist on keeping them on your watchlist! Do you think we might see £1/share next year?!
This reply betrays your true intentions - as you well know, the vast majority for your queries wouldn’t trigger an RNS. SH and accounts fair enough, but the rest I fear you may need to dig a bit deeper. Best of luck getting your target price; I hope you don’t miss out.
Extrader: Need to get out more, but less posts than yourself? That’s a warped logic right there.
107 posts in a month on a stock you don’t care for.... Go figure.
For one thing, Lidl is German....
I think the Client Update RNS was pandering to PIs demanding to know the clients - before you invest in HSBC, do you demand to see the list of business loan customers they have?
My reference to Tesco was tongue-in-cheek - Carrefour have been likened to Tesco due to their size. Anyway, we all know the large UK brand AZ is referring to is Rolls Royce.........