Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Disappointing that SYME can’t get an external investor to buy up existing shares at this stage of the company’s development and provide funding this way as opposed to non-transparent related-party transactions with AZ/TAG converting loan to shares…such machinations make it improbable for the SP to recover to anywhere near past highs (sadly for LTHs).
To what degree TW lies, I don't know but the benefit is clearly to gain subscribers for his website.
It is true though that sometimes he does get it right, for example I recall a company called Range Resources which I believe he wrote about and also more recently Bidstack which recently appointed administrators due to lack of funding and apparently (according to some BB comments) the IP rights being stolen by Draper, CEO.
We will need more than just one catalyst to get the SP trajectory to finally change here but AZ can still can do it.. in the right place, at the right time...finally (as long as he doesn't steal the IP rights like Draper apparently did LOL).
So TAG borrowed funds in July 2022 (secured against loaned SYME shares) and wants to repay said funds but lender not complying? Unless I’ve misunderstand the arrangement, it’s the first time I’ve heard a lender not wanting their money back? Odd business.
If anyone can buy in 0.02p's (i.e. at the recent bid prices, not ask), IMO that represents an excellent risk/reward ratio at this stage of the game over, as the downside from here is limited given the current MCap and expectant news flows. GL.
"Maybe when AZ dreamt up the company name, supply me, he meant supply me with money..."
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LOL....about time AZ returns the favour to loyal LTHs!
The spread on this share has always been high (lack of liquidity in the stock). More sells vs buys today but doesn't mean much due to low volumes. AZ certainly taking his time...to release funding update which is key (along with IM news flow). GLA.
Frustrating for LTHs to see SP still in down trend. In the past, whenever there was a "first" IM, it lead to subsequent SP rises (only to fall back again) but no major rise last time (i.e. first "WL" IM on 3.1.24). So can't even rely on previous price action.
I noted the higher volume of sells this morning but SP remain stable in the 0.03's and so I suspect it was just PIs selling out?
We need updates but the long anticipation waiting for RNS's in the past often resulted with SP subsequently falling. This time round will it be different, as we were told SYME will lose it's 'start up' tag? GLA.
Difficult to say if SP has bottomed out yet or not.
Bad news re lack of revenues and funding is factored in by now and the downtrend continues due to a lack of updates more than anything else. Possibly loaned shares still being used to aid this downward movement?
What remains is uncertainty as to the timing of the release of catalysts re: execution of first WL + clarification on funding. Any announcements re further investment from Verizon or BPM or a new long-term investor would give the SP a much needed boost.
Citibank report on supply chain financing dated Jan 2024, talks about a balancing act between JIT to JIC strategies and diversifying away from China to allow smaller companies (i.e. SMEs) to play a bigger role in global trade markets - they key is that post pandemic, risks of supply disruptions STILL abound (political, economic, environmental, financial etc) and companies now more aware of this have been building up higher inventory levels, especially for goods difficult to source.
They concluded:
"Alternatively, just-in-case inventory management focuses on not running out of stock in the event of a sizable pickup in demand or disruptions in input supply and may require larger inventory holdings. The pandemic showed the benefits of just-in-case strategies, as many firms were not prepared for the surge in goods demand that followed the initial lockdowns. The trade-offs between the two strategies will be more deeply debated by firms going forward. At a minimum, firms are likely to hold larger inventories than they did previously for components that are hard to source."
(https://www.citifirst.com.hk/home/upload/citi_research/rsch_pdf_30214606.pdf)
SYME in the right place at the right time (finally)? GLA.
Is this the bottom? I hope it is
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May not be...especially in the absence of key catalysts to re-rate this share.
Purely looking at some technicals, the RSI can stay this low for longer and the SP can continue to be at this level (and even hit the 0.3's).
Another indicator is the 20MA crossing the 50MA (or 60MA) which we are not yet seeing....this happened end of April 2023 and end of July 2022 before the big rises. Not to say this must happen, what we do need though is the execution of transactions. GLA!
"I will surprised if they drop any lower"
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I wouldn't (necessarily) be surprised given the low volumes, wide spread and some buys even going through at bid etc. Furthermore, back in April 2023 the SP reached the 0.04's and so we could see that again.
Of course we need those positive catalysts to re-rate (signing off on first WL deal, replacement of TAG funding with better terms etc).
GLA.
“ l do agree with Savvy the PI has been ‘played’ in this “
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100% correct, it is what it is though.
The timing of SYME’s services had to be aligned with the green light from key funders. Now the timing seems to be tight and even at 56b shares the SP will re-rate on key catalysts (unlike in the past).
Positive RNS….speaks for itself. SYME doing what they said they would do as part of the overall capital enhancement plan for the tech business going forward.