Member Info for Hallowed

I admit I overlooked the "active part" of the £10m as don't know how much of that will be turn into cash received in 2022. But if I'm not mistaken I think you might be confusing "cash" with "profit".

Per the cash flow statement - the net cash used in operations in 2021 was £5,3m (call it £6m) and assume the same in 2022, that's £500k pm which is covered by the cash already held of £7m? Therefore any cash received from revenues generated will be surplus to this requirement, so why do a another major placing?

As for the gross profit minus the operational expenses (included in admin expenses on P&L), these amount to £9m for FY 21 and so they BIDS inevitably continue to make a loss in 2022 which is separate from them not having enough cash.

Forgive if I'm missing something here.

Hi Girdz, not sure about them having to raise cash (as they had £7m at 31.12.21 and guaranteed revenue of £10m is more than enough to cover cash used in operations of say £5m-£6m).

For me the real issues are:
- The majority of the revenue is fixed and priced in by the Market.
- There's no major revenue growth to justify a higher multiple for valuing the stock. Hence Mcap can not rise in absence of any catalysts.
- GP Margin (36%) not enough on existing revenues to make a net profit (given their admin expenses of £9m in 2021 which could be even higher this year).

So the company is loss making until they can properly show there's enough interest from advertisers to scale up revenues (as opposed to doing fixed deals).

"Own up....who was it.....have a feeling that this is all games for someone to load up before lift off!!"
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You don't give up FFS.

I feel sorry for you guys...always these binary plays promise so much potential but the risk is enormous and so one needs to learn how to trade them.

Now it's clear why the "Holding RNS" a few days earlier came out (re Mr. J D Ballard & family dropping below the 3% threshold). They were in the know.

But what's even more 'scandalous' is the last drilling update referring to an increase in the COS - that gave false impressions IMO and was not necessary to include had they been honest - but it allowed those in the know to create volatility at the expense of unconscious PI and get out.

You can also see that the SP around 6p-8p level was far from being under-pinned by the gas agreement (as mentioned by Opulentia I think who I found to be a bit of a ramper).

It is what it is.

"It will rebound…mark my words!!

AZ will land a killer blow RNS to the spread bet trolls!! "
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Hey Hughez, are you drinking the kool-aid mate...enough is enough, let's wait for the news first and even if the SP doubles from this level, there's nothing to lose (we'll only be broadly back to where we were yesterday which was already dire for most PIs).

There's a lot of shares to be churned.

So you need to take a few days off now.

.....2020 accounts (not 2021, getting ahead of myself).

......than first IM news and anything less will not act as a catalyst for the SP to begin it's long awaited re-rate.

"Once the first inventory monetisation is launched, SYME and its Inventory (“on premises” & “in transit”) Monetisation Platform will be instantly established as the leading fintech operator in the sector."
Source: Published Accounts 2021.

SYME certainly love to keep shareholders in suspense.

Sam, that’s the sort of utter nonsensical ramping that is as bad as the de-ramping..give it a rest folks.

SP is stuck in a sideways range (so at least down trend has ended) but no solid evidence of a re-rate yet and given historical delays, it’s best to assume the same continues until we see different.

Accounts (expected this week) on their own usually have no effect on SP (unlike foreword looking statements also released) and so in absence of proper catalysts, one has to say the probability of a re-rate remains low.

It is what it is.

It's all happening slowly albeit mostly on the credit front....but in terms of an evolving digitised economic system there will also be more focus not just on credit financing but also 'innovative financial solutions'...enter SYME with their 'non-credit' approach in which it will play a key role.

Another article on the same SME program - refers to supporting an increase in the adoption of 'tech and innovative finance solutions':

https://www.zawya.com/en/press-release/companies-news/itfc-saudi-exim-bank-and-monshaat-sign-mou-for-saudi-sme-development-program-xegwlidr

All we need now is for SYME to show us definitively that it really is destined to become a cash cow......roll on next week.

“when the Share price rocked by over a 1000%. “
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Elllltelinv, I understand you want to see that sort of rise but it was a one-off event and so unlikely to happen again - repeating it on here time and again does not increase the probability of it happening.

We are long overdue IM news which is supposed to be the main revenue stream (not TF advisory fees) and in the absence of this I can’t see SP doing much.

We can only be certain to get 2021 accounts and probably another CLN conversion. So that’s all that’s reasonable to expect.

…indicative that nothing much is going to happen with the SP in a sustained way.

The larger volumes last month kept the SP in a range - had they been mostly buys the SP would have re-rated but didn’t and so most likely shares changing hands in anticipation of major news?

Next RNS - CLN conversions (will be interesting to see the volumes of shares converted based on the designated price) followed by 2021 accounts for FY revenues - one wouldn’t expect a major impact on SP (even if TF revenues disappoint but if they exceed expectations for H2 21 then a rise is possible).

The probability of disappointment is there based on past SP reactions - we need ‘signing off’ news.

…..repetitive, nonsensical postings day by day, week by week, month by month. Tedious and toxic at the same time (notwithstanding whether you’re an investor or not).

No IM agreements signed off yet and might be connected to their strategy update, we don’t know, however what we do know is that they are working to onboard clients based on the DD fees indicated last year (£3.8 - £4.9m). Assuming about a third qualify to be on boarded (say £1.5m) that equates to around £6m in revenue at average 2% fee (excluding TF revenues). With reasonable growth rates, they’ll quickly start turning a profit thereafter and with a 2 or 3 year track record, they could qualify for Nasdaq listing in 2024 say (not before IMO).

All to play for…….but whether first IM news comes this month, next month or next quarter, it’s outside of the control of those being a pain on this BB.

"..not too long before we find out - RNS - 1st IM is complete followed by excellent numbers from Tradeflow"
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Things really could start to happen very quickly this month before the release of 2021 financial statements and updated strategy (assuming they release on time).

With the Saudi bank SABB already offering first IM, SYME had better start signing-off on some major agreements to enhance credibility to their updated strategy.

They can't keep prolonging forever and we've endured a long enough drop in the SP.

Peak, I am inclined to agree.

One point of interest is a change in pattern with regard to the volume of shares being issued each time following the CLN conversion notices from Mercator - starting back in November 2021. Back then the first issuance was for 77.6m shares, followed by:

221.8m (26.11.21)
381.3m (20.12.21)
594.7m (12.01.22)

and since then the number of shares being issued actually started to reduce for the first time:
489m (25.02.22)
316m (28.03.22)

This could be very encouraging.

For the pattern to continue, the outstanding CLN's issued on 02.02.22 (for £678,333) would have to be (fully or partially) converted at a much higher SP for the first time.

Even assuming full conversion at say the same amount of shares as the last issuance this would equate to a SP of 0.21p!!

SYME might well surprise the Markets finally with big news after all. GL.

No genuine investor should be surprised by today’s news of course.

Conversion price set at 0.056p indicates where the SP could be headed in next few days. Mercator make money at PI’s expense but what is also annoying is that they are given free warrants and so will benefit from any future SP re-rate (and thereby restricting any rise that would otherwise happen).

So end of April now to get any sort of forward looking statements or they might issue early trading update like last year (at beginning of April) to at least disclose origination numbers to 31 March.

I think most are disappointed with the way the fall in SP has been (dare I say) orchestrated by so many things…..and so the wait continues.

**right now..

We are......looking like a very bad 'out of the money' share option with a strike price in the 0.2p's, 0.3p's etc and drawing towards end of expiration date, say 30 April 2022 with the expected updated strategy news (will this be good or bad -remains to be seen).

We need UNEXPECTED and BIG catalysts write now. SYME has had so much progress on so many fronts and yet they still fail to sign off on anything major. Why is this?

Have they really failed to secure funders for first IM and if so why? Seems unlikely. Is the timing too early for digitised trade finance given that less than 0.1% of bills of lading are electronic and so the number of clients suitable for onboarding are very limited (explains why TF's turnover is so small).

There's no denying that the SP and opportunity cost of holding these shares over the investment period since 2020 has been dire.

Hmm....we continue the wait.

Glad we held and finished above 0.0846p today - on the assumption we got the first wave up starting with the 0.06p low on 9.3.22 to 0.124p high on 10.3, the 0.618 Fib retracement is at 0.0846 .

If this continues to hold, I find that's a good sign and MMs might raise the SP in anticipation of expectant catalysts....just hope SYME don't let us down again and finally release some big news.

Tough game this. GLA.

“that was” not “that’s was”..bloody IPhone predictive text.

Or the ‘1’ trade can be as a result of an order that’s was only partially executed at the requested price.