Member Info for Happy-Cynic

FFS yes exactly mick a EPS of 1p which is just ridiculous.
That would mean a 32 billion pence net income, which is 320 million pounds
As SYME charges a 2% fee and maybe 50% is net income (1%) that would mean a 32 billion pound revenue

Your posts are just word soup???
You have assumed a PE of 50 earlier but forget about that for now, just give an answer to this. With 32 billion shares and a EPS of 1p, can you or can you not calculate the Net Income?

In fact a simpler question. What net income gives a 1p EPS?

Ok then mick, let's start from the beginning. What sort of revenue is required to give earnings per share of 1p?

Wolf, I didn't state he was connected globally. But with AZ and his team, Italy, Middle East and UK will do for now, with US in the pipeline

Wolf, my personal calculations are allowing for 50% net income. I would be surprised if it is hugely higher than that as SYME would firstly be charging a fee to the companies for the integrity and inventory checks. Once approved there would obviously be admin costs but not like many businesses that incur high plant & equipment, inventory, depreciation and many other factors that eat into profits.
Hopefully marketing wouldn't be too high either as AZ seems well connected and once the model is proven, demand could be huge anyway

adam, could you explain what revenue SYME would need for a SP of 50p by next year

Well said Boberto. I even got called a deramper for calculating the SP at 12p end of 2021. Best part was, I wasn't even being serious. I think it will be around the 3-5p level but somebody argued that it will be £1 as the PE could be up to 80. When I calculated that PE would give a SP of around 12p on the revenues that we know of, the deramping names started because I wasn't agreeing to the £1 prophecy. Unreal???

Iknownuffin, great posts and as Mark Twain said Never argue with an idiot. They'll drag you down to their level and beat you with experience." I'd been reading this board for a while before joining, so knew who to filter as I'd rather read researched and thoughful posts rather than extreme ramping and derramping.

The key word in that being 'apparently'. You can get away with any whopper in the world if you put that in the sentence

Shorters must be feeling a bit warm :)

Begoregolf why don't you ask these questions to your colleague who is Global Head of Lala Land or wherever it was. I'm sure he'd have all the answers you need, instead of us folk on here, who are obviously to you, a bit simple for believing in SYME

Another negative SYME post from craig.
The OP didn't put a time scale on it, it seems obvious he was using easy figures to simplify things. 1 is easy and 32 represents the 32 billion shares.
Or should he have asked if the profit is £148,154,975 and PE is 27 would the SP be 14p?

Looking like you might have timed it right Soulsister :)

Certainly exciting times ahead AP. I feel like we are at the start line revving the engine and waiting for the green light

Hi apunter, I did mean 1% (or 1.5%) profit as the OP asked, based on the 2 & 3% fee. My mistake, but would still give the same £1 SP based on the revenue stated

That's right Delta, so SYME's 1% fee would mean £100 billion of funding would be needed, around about 80 billion if a 1.5% fee
Certainly feasible in a few years, just not 2021 or 2022 as some are predicting

There's certainly plenty of Triggers on here

And press Reply instead of Post Message :)

Jimmy you keep starting new threads pal