PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Sincerest apologies Extrader - we missed you 100th post celebration on SYME! 107 posts on SYME spanning three months! That really is quite the achievement and must have taken a lot of effort for a stock that you purportedly have no interest in investing in.
You truly are a God amongst men.
seadoc - wonderful to hear you've expended the effort to write to Carrefour in English and in French. Thank you for investing so much time in a share you haven't (yet) purchased!
Do keep us posted on when you hear from Carrefour - they're immensely busy handling Supply@Me's enormous cash injection currently, but I'm sure they'll get to your email.
I wonder who the "large UK retail" brand is that SYME is working with? Might it be worth writing to Tesco as well?
@Parm - I don't think AZ would be able to give a straight answer - there'll be an internal rationale for issuing 32bn shares but I doubt he'll share that with a PI. Besides, he has a habit of responding to PI emails over weekends - I'd rather he rest up and keep that entrepreneurial hunger for weekdays :-)
@DavidLaw - thanks, that's where my thought process was heading, but wondered if I was suffering confirmation bias. The number of shares has been a criticism of SYME, whereas I actually wonder if it's a signal of their ambition? AZ did mention somewhere on a previous interview (think it was one of the ProActive ones) about a possible Share Consolidation in the future, but perhaps this would only be a consideration if the SP doesn't get to where they think/hope it might be at a certain point?
I've given up trying to predict daily movements of SYME - at one point it was tempting to day trade, especially as I got in very early around .2 initially. I've gradually increased my holdings to 4.2m but averaged up, and then down again(!!), along the way to .41p - way larger holding than I was originally intending. Most of my PF is in passive funds, but had a bit of a dabble with "play money" in the wife's ISA, so now it's pretty much 90% SYME.
.32p looks like the bottom for now, but we'll see. Just beware, when the share price rises, it really motors!! This feels like one of the longest periods without an RNS in my time invested, and I think the change in strategy and acknowledgement that previous RNS' haven't had the desired effect explains why the next one is so eagerly anticipated..!
I'm just going over my research for SYME, to give me that nice fuzzy feeling of confidence supported by a blue Friday in time for the weekend...
One question I have, and Google doesn't seem to be giving me the answer is: Why did Supply @ Me decide to issue 32bn shares @ 1.1p for the IPO in March?
I know the company decides this at IPO, but why not 3.2bn shares at £1.10, or 332m shares at £11.00? AZ has already spoken of potential future plans to consolidate shares to increase price and make it more attractive to ii's, so why not save the bother and do this from the off? Could it be that they anticipated less shares would mean SP would grow to an extent that share-splitting needed, as per Tesla recently, or is a penny share more attractive to PIs for bragging rights down the pub? What am I missing?
No, it's a translation from the Swisstech conference on Tuesday.
Did make me wonder if RR, but "biggest brand in UK" could mean lots of other companies also. RR presumably fall under "distressed" business.
Tesco perhaps? If it's good enough for Carrefour...
Regardless, I've just added 1.5m shares as this to me underlines the share-price will be significantly North of here once this is formally communicated to market.
Ahh hadn't thought about the commission-free brokers. I hope the £4.03-worth of SYME shares makes the investor extremely rich!
Yes, also good to see SYME poke it's nose into blue territory. Could we be in for a happy afternoon?
300 and 500 buy gone through, so MMs will simultaneously take the share-price down 30% and gap up, if you believe in that sort of thing.
I think I'm getting a little addicted to watching the trades - I like numbers and it's a bit addictive, but what's the high volume of tiny buys? Surely this is completely pointless given fees etc?!
E.g.:
18-Nov-20 12:58:25 0.36 1,120 Buy* 4.03 O
18-Nov-20 12:58:25 0.36 2,067 Buy* 7.44 O
18-Nov-20 12:58:25 0.36 2,000 Buy* 7.20 O
Welcome aboard the rollercoaster Redditch.
Yes options call is still in play, £1.1m at 0.69xxp which needs >0.85p share price come 31/12/2020 for this to have worked out for AZ. I posed a question on this in Zak Mir's latest Q&A (Q21) regarding his confidence in achieving this. His response was along the lines of: "Confident in company and the platform, but we don't control the share price".
Great post David - followed your research on Twitter with interest (@Petropablo) and you're pretty much at the same conclusion as me.
I'm a bit mystified quite why the SP has dropped this low with all the pending news, rumour and innuendo.
It's interesting to note that the frequency of RNS' has dropped off as late - the hope/theory is that the next one will be the biggie to put the meat on the bones, to avoid the peaks and troughs immediately following news release, but time will tell.
Regardless, I think current levels are a great price to buy in at. My average is just over 0.41, so I'm a little jealous, and I daren't (can't?!) put any more into this, despite my gut telling me to bet the house on it!
If neither of those two fine words from the Fatherland apply, why do you spend so much time on this forum? Surely you’re not expecting to believe in your pure benevolence and that you’re here to save us poor naive investors from ourselves?
The ingredients are there. Multi billion securitisation, purchase of a bank, behemoth businesses ready to use SYME’s service. Even conservative P/E ratios put the share price x10-15 where we are now.
The detractors are getting desperate. “Microsoft products are expensive” (LOL Wolfie that’s nearly as bad as “AZ looks old for his age).
Patience is needed - these are enormous deals being put in place. I am buzzing to see where this will be next year.
A simple slide with huge promise - predict a big opening tomorrow.
Seadoc, Extrader, alas I'm not as multi-lingual as you learned fellows, but I believe the Germans have a word for people who sit on the periphery scared to dip their toe in the water. "Sitzenpinkler", literally translated as man who sits down to urinate.
Hopefully you'll gain the confidence to join the rest of us in having stand-up wees soon.
Q21: How confident are you regarding your option call at 0.69p on 31/12/2020, referenced in the RNS of 24th September?
A: We have every faith in the Platform and in the Company but do not control the share price.
No bluff and bluster. No baseless, crazy share price predictions, and equally didn't rise to the bait and take a swipe at detractors in the earlier questions when asked about LSE/ADVFN forums and the huge amount of interest this share is getting.
A calm, measured response. The company and it's platform will do the talking.
Ignoring the speculation, sticking firmly to the facts and keeping it simple:
GOOD
- Supply@Me described as a "new wheel" for inventory supply chain financing, and demand for this service has been confirmed in RNS';
- Carrefour (French Supermarket Chain on a scale with Tesco) is a confirmed client;
- They've bought a bank and have EUR8bn of funding which has accelerated the previous business model;
- Global presence - UK; US and UAE pilots, giving access to trillion dollar markets;
- CEO has "bet" share price will be above 0.69p come 31/12/20 (more like 0.85p if you consider the option cost of £1.1m);
- Respected names on the BoD from the world of Fintech.
BAD
- Lots of shares in issue (32bn), relatively high market cap for a company that has reported little turnover to date;
- Chairman sold a small proportion of his total shareholding for unknown reason in September;
- Ludicrous amount of noise for a penny stock. Name another share trading >1p that has ever had this much interests and posts on social media.
The noise is deafening, and as a new investor it's a difficult place to be. Ask yourself, why did you invest in the first place? Does it have potential - absolutely. It's a brand new type of financing and is already banding about huge numbers.
It is highly speculative - it's early on in the business model, there are those who clearly have a vested interest in seeing this stock fail (or at least for the price to temporarily drop further) and is obvious high risk, but with high risk comes the potential for high rewards.
How big are your balls?
Zak Mir - Share Traders Cafe
Link: https://www.share-talk.com/alessandro-zamboni-ceo-of-supply-me-capital-syme-l-qa/#gs.ln1ruk
Confident responses from AZ, and just ratchets the anticipation up another notch for me. Didn't really give anything away or tell us anything we don't know, as you would reasonably expect from an interview without an accompanying regulatory news release.
Last 3 questions were mine, and more than satisfied with answers - and just topped up a final 0.5m shares. Finding it increasingly difficult to keep my feet on the ground with this share - pulled together a list of good/bad points for SYME on Twitter, and researching got me super-excited. Yes it's not the perfect share (if such a thing exists?) and there are points still to be clarified/evidenced, but at mid 0.3p/share and the potential of this company, the headroom for growth is enormous. Arguably the most exciting share to be invested in, and by far the biggest % of my overall portfolio I have ever held in an individual company. When was the last time a penny stock received this much attention?
The story is building, the unicorn is growing, but multi-billion pound companies do not spring up overnight. Investors need to be patient, and not expect bi-weekly RNS' that catapult the shareprice into another territory.
"LONG TERM INVESTORS WILL BE REWARDED"
Simple?! I work in IT for a financial services company, conceptually, I find it a difficult one to get my head around. I did watch a Tony Brown Youtube video (prior his involvement with Supply @ Me) that someone sent me and that is the closest I have come to understanding inventory financing.
https://www.youtube.com/watch?v=S-XdqVEfbWw
Some of his comments here make the subsequent Supply @ Me tie-up especially exciting.
Remarkably like Tom Winnifrith's writing style, is that.
Wowee, that site is quite a piece of work. The fundamental question for me is: Why would someone be motivated to go to all the time and effort to set up something like this?