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Nothing else in the world smells like that. I love the smell of napalm in the morning. You know, one time we had a BB bombed, for days. When it was all over, I walked up. We didn't find one of 'em, not one stinkin' troll body. The smell, you know that gasoline smell? The whole BB. Smelled like... victory. Someday this war's gonna end.
@Clait44
I am sure you have ever heard of Jeff, Patrick & John, Jack, Mark, Bill, Larry & Sergey et al all household names who sold their billion dollar companies and are now working as janitors?
Undoubtedly, some dilution along the way but no need for AZ to retire to the Med yet.
One of the thought in my mind: Why would Citadel and Voleon interested in shorting small cap AIM company. They don't short any other small cap company. They can find dozens of bogus companies on AIM which have grown crazy. Voleon shorts only 4D and Metro Bank. Citadel shorts 4-5 other companies which are all multi billion market cap. It doesn't make any sense to short popular company with so much promising pipeline and share price of which has been battered and will list on Nasdaq in little over week. If let's say they think Microbiome sector won't work, then US listed companies like evelo, seres, kaleido etc. have phase 1/2 drugs for rarer diseases and are valued near or over billion $. Forte bioscience which has only one drug in pipeline recently entered phase 2 for inflammatory skin disease is valued double 4D market price. I think these shorts can be deliberate to spread panic, push down prices so bigger players can accumulate and then let it go. Like bigger players did spread panic and fear in name of inflation and bond yields to get retail investors out in fear and then brought low inflation report etc. getting growth stock shoot up again just before stimulus cheques which might sustain even bigger rallies (so who knows, perhaps bigger players might have done bit shorts and bogus fears in name of bond yields, bought at cheap price, closed short and now will enjoy bigger returns).
Credit: RPStock
What are LTH's long term targets for TED? £2.50 is mentioned by some valuing the company at c. £500M (which seems low to me given its historical value at +£1.5Bn) Is this because Tosca might wish to take it private?
I bought in July 2020 (but was a very old LTH 1998 to 2012 and watched it solidly build).
Thanks ISATony
Hi ISATony,
my first post here. Why do you say 6 times current revenue - does this include the slack from the cancelled surgery, so it is a couple of years as the backlog is worked through and then the revenues falling again on BAU? Will the new facility be able to cope with 6 times production or do you foresee additional investment in new facilities? Thanks
In many startup companies the CFO is not one of the first recruits; basically, the job is too small in the early phases for the calibre of CFO you need/want (and SYME will need one but not now). So outsourcing is a cost effective way of doing things early on.
Technically, SYME did not have to lodge accounts with Companies House until June 2021(until the changed their year end again) so the outsourced accountants would have not have mentioned anything about potential suspension for late filing as they were not in default until the change in a/cing period which they may not have been party to.
Doom2 like your thinking - If we were mates of Matt Han**** we could make a "business" of this; well, at least make some money.
Nice reminder at the end of your message - took me a time to work it out though...
Not sure if this has been detailed before but one side of the discussion was using Lookers plc as a reference for quick lifting of the suspension. The Lookers timeline is a s follows:
29/12 Accounts physically stamped at Companies House
12/01 Companies House records updated to say accounts had been filed
29/01 Suspension lifted
The last filing date on Companies House for SYME is 20/01 for the change in accounting period. Presumably, the FCA will have to check with Companies House (that the accounts have been correctly filed / unless they have their own "internal means of checking ") before lifting the suspension. So, we could be waiting until at least Companies House update their records for SYME.
https://www.ft.com/content/37748ac9-c47c-41ae-bc64-8c2c81dcab79
As can see the FCA seems to be taking a very sympathetic view on reporting.
Boohoo may not be a good example of reporting (or trading practices for that matter)- given it was 11 months after YE to file their last accounts and it is much more established than SYME.
Most "retailers /ecomms" give an update on Xmas trading early Jan - it is not audited , as you know; is it a complex business, I think not.
Still just because Boohoo has issues on reporting, SYME should not aspire to its level.
There appear to be a few sighs of relief on the board tonight. Unsurprising, after the last couple of days versus the poor end to 2020, plus there are some very positive vibes about for RNS in the near future.
However, until we have the trading results plus the SH RNS, sometime in Jan for the results, SYME will remain a very volatile share and vigilance / caution needs to be exercised. I know I will be called a de-ramper, again, which I am not but urging caution. DYOR & GL