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This would make sense if the auditors are submitting the accounts to companies house on behalf of syme. Isn't that the purpose of auditing? So that the company can't fiddle the books before submitting them etc?

Isn't this kind of sheeeeeit with accounting date changes and suspensions to provide accounts normal when a new company is brought to market through an RTO?

Nothing has changed so I expect open after restoration to be 0.51p exactly as it was.
What people buy or sell will move the price after restoration.

Exactly. These numbers only give us an idea of the stat of play in the the practical first three months of business as the existing company. They spent a lot of money getting set up and grew revenue during that time but it was a very short period of time where a lot happened in the world at large and very little comparatively happened for the business. Since june 2020 they've onboarded (and more importantly collected onboarding fees) from nearly a hundred more client companies since then. Half of the expenditure in those figures is just the expense of the RTO that certainly is non-repeatable cost. We won't even close to have the full picture of what a year in business looks like for SYME until april and by then there should be significant revenues on the books from securitisation completions.

Remember that these tickers are run by computers. They say "market closed" because the market IS closed.
If trading is going to be restored on monday there will be an RNS stating as such on monday morning before the open. Simple as that.

Nope.

There will 100% absolutely have to be an RNS before restoration of trading.

It's a price sensitive event and therefore there is an obligation in regulation to notify us in advance. It's in the rule book.

The correct word that nobody can seem to find is "restoration".

"When will share trading be restored?" is the correct question format.

Lookers trading was suspended in June 2020 though. 7 months is a long time to get a lot of things done to drive a share price up.

It's been 6 trading days here and on the face of it we've only got an additional £200m of monetisation originated across two months on paper, equating to about £4m in eventual revenue. It's still progress but I can't see it bagging off the back of just that.
There's still tons of stuff in the works here. At some point this will make big moves but not immediately on restoration of trading unless they declare that everything's been monetised and they're sitting on £50m in profit on monday morning before the restoration goes live at 8am.
It's fine to live in hope but realistic hope is better.

If we are willing to take the standpoint that paper losses are meaningless, within three months of listing (mar 20 - jun20) revenues grew by 9% ahead of expenditure.
Revenue grew by 188%. Expenditure grew by 179%. Net revenue growth of 9%.

That alone is quite impressive for effectively only really existing as a business for three months at the time and having almost no trade yet alongside figuring out how to navigate a pandemic stricken landscape.

My back of the envelope calcs have me looking for 30.2p share price here @£55.92/barrel post merger.
Maybe that's ambitious but it's definitely not impossible and takes me well above my break even @ 24.19p so I'll be holding for now.

Down 3% for the day as reported by HL just now.
This is going nowhere until there is actual product moving out the door.

It's worth remembering (by going back and reading RNS) that they hadn't actually done anything by the 30th June 2020.
If they managed to make £300k before there was anything even happening to report in RNS then that's pretty good going in my mind. They were still just setting up the company at that point.

The pattern seems to have been a trading updated on the last day of every two months. This would mean a trading update should have come either today or will come on monday, unless they are considering the updated Gross Origination figures in the Interim Results to be a trading update.

*£40m based on speculative calculations with the information available and my limited knowledge of business finance.

£2.1m loss for the first 6 months (including the costs of RTO which have been written off) when they are building a £2.1bn portfolio of monetised inventories that will yield in the ballpark of £40m profits per annum is absolutely not a big deal.

MrCrumpet - That's pretty much exactly what I have. I'm spread across 8 shares and 4 funds. Picked SYME and RMS for punts. So far SYME has offset a small loss in RMS.
Everything else is in profit still, although the coalescence of covid and brexit uncertainties has weighed heavy across everything.

I'm in a self select ISA starting last year and in profit. Not huge profit, but profit no less. 5-10x what I would have gotten from interest in any savings or current account. That's 100% fine by me.

It's both exciting and testing at the same time. I've nearly lost my patience and sold my whole portfolio at least five times since I started my investing journey last year.

Well, if as you say it is supposed to work like that, there must indeed be a plan and/or a reason they have chosen deliberately not to resume trading yet. There certainly isn't anything in the interims that suggests they have anything to be worried about with regard to the continuity of the business and there has been significant progress in the time since.

The only thing I can see from the timeline articulated in previous statements that they could be holding back for would be this from the year end update;

"Early in the New Year, the eligible Client Companies will receive a formal, confidential communication from SYME disclosing the identity of the Inventory Funder and the time-table to execute their individual inventory monetisation transactions. Shortly thereafter, the Company intends to disclose to the market the identity of the Inventory Funder, the key features of the Inventory Monetisation programme and the targeted positive revenue impact for SYME."

If what you say is the case, then this is the only thing I could imagine them holding back on resumption for, a 7am monday RNS with a funder name and £Xm of projected revenue on it.