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1 month ago everyone in this chat was saying 1p is history, 16p by March, this share is the biggest bargain since amazon 10 years ago. So it’s gone down significantly since then. So can someone explain why everyone who knocks this stock are derampers? Seems they are just commenting on the FACTS. I LOVE that the blind rampers just go on and on and on about this share being the best thing ever. ‘Sentiment has changed’. **** off, it went down 10% today. Boring boring rampers.
Well 90% of people on this BB thought it was going past 0.6 today. I sold out on 0.53 because I knew this RNS was just hype. Look at the SP now. Looks like I understood it, you pretended to understand it and hoped to god it was better than it was.
Question - can someone explain to me why Carrefour, who generally pay their suppliers after they have sold their inventory, made so many investors so excited? SYME is involved somewhere in the supply chain, AZ was very vague when questioned on it. Like guys come on, it’s a supermarket ffs do you really thing they’re going to let their lettuces be monetised as inventory? They need to sell that stuff as soon as they can. Investments make people irrational ffs.
Seems I was wholly correct in my analysis on the RNS, it confirmed there were clients, which we already knew, but also confirmed values far below what was hoped for. This is completely reflected in the drop in share price - one person’s deramping is another person’s realistic, managed to get out in the hype first thing this morning for a small profit. Onwards from here.
Yes I completely agree more. I think we knew they had customers lined up, that’s not a surprise. The surprise to me is the really low revenue values lined up. Also, the inventory is worth 300mn, but SYME’s fee on that in the year is only £6m (i.e. 2%), not the 5% everyone was expecting. The rest is going into SPVs. I think this could actually tank today.
AZ has a call option here for 630m shares and has paid £1.1m for the option. So if the shares are above 0.6945p at the end of December, he will get to buy them for 0.6945p. £1.1m is 0.17p per share, so AZ would effectively be buying at 0.87p per share. You can see where he thinks this is going!