The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Waddaweknow if you look through my previous posts you will see that I’ve posted that alternative funding is required etc the concept makes sense so I can understand why someone like Jim Coyle might be involved. What I will caveat that with he’s in a non exec role anyone who has worked for a plc knows non exec have very little to do with the actual running of the business if anything at all. I’m vocal on this share as I know a little bit about fintech and people posting rockets etc unicorns need to be aware of the pitfalls. Multi billion funding lines take years to establish they don’t happen overnight and people are taken in by it all and the figures people on here quote are ridiculous. It seems there a lot of people who have got very wealthy of this already at the expense of the working man I would be very careful with this share. If a fintech company can reduce revenue guidance by over 75% in a matter of weeks something doesn’t add up. LTH need to know how the bridging loan is going to be repaid ASAP as further dilution at these levels would be catastrophic for LTH but no one seems to be bothered each to their own !!
Where are these multiples coming from for fintech ?? The last fintech company to list in the uk was Lendinvest there revenue is 110 million with a market cap of 270 million. Please tell me where these 40-50 x earnings coming from ??. The rampers on here are actually shameless, Please don’t fall in to the trap it’s too cheap etc etc.
I’ve also highlighted the valuation of Tradeflow on numerous occasions to be shot down abused etc. I wonder why the new millionaire previous owners sold Tradeflow it’s all there in your revenue guidance it’s a minuscule fund with very little revenue now the previous owners are millionaires. There was an intermediary who was given £2 million pounds worth of shares at the expense of normal hard working people and no one questions it. To be honest people on here have been warned and there are people on here admitting they have borrowed money it’s there only share they own etc etc it’s a disgrace so many people have become rich on the back of normal people !!
Amers I’m not from that board is it Metro bank ?
Another positive RNS this morning as I said a few days ago the directors will buy more and for the CEO to double his holding is some statement. I think the trading update was to highlight all the negatives maybe learning off previous updates when they was accused of being too positive.
Johnski is anything I’ve said inaccurate ?
Do you think it’s right that people who openly admit to having suicidal thoughts to be encouraged to buy more
You have people on here admitting to lending money off friends and family to buy more shares that’s not healthy.
It’s not right and people need to be made aware of the pitfalls of investing it’s not all unicorns and rockets.
Anyone who has been investing a while will tell you that.
A counter view is not a bad thing especially if you go through the points I’ve made and dissect them it strengthens the investment case in to Syme surely.
Walt have you read a single RNS from 2020 ?
What has happened to Storm Harbour, The captive bank the fintech bank.
Who is the company who was paid £2 million pounds to facilitate the purchase of Tradeflow off the latest figures that would take 5 years revenue not profit just to pay for the intermediary never mind the acquisition costs.
Why did the company lose £200 million of its market cap in 3 months after listing where are the assets they said they had.
On the last accounts what assets do Syme have ?
Where has the listing funds gone ?
The list is endless it’s not complex even these young people you referred to have worked it out.
On a RNS they said they was going to raise funds from institutions for the purchase of Tradeflow instead long term holders got diluted and they ended up with a CLN that’s right a fintech company with all these funders ended up with death spiral finance.
You could literally be here all night with the inaccuracies of pretty much every RNS that has ever been issued.
Why would anyone go to a company for finance when it can’t even get its own accounts right and gets delisted ?
A lot of people have got very rich off this company unfortunately none of them are long term holders.
You ask why people comment on here I’ve read this board when people are encouraging a man who was having suicidal thoughts due to his losses to purchase more shares to average down. That could be a reason why people counter balance the rubbish posted on here.
It’s quite common for the cult on here to go to share boards there not invested in and talk them down as a collective. They abuse anyone with a counter argument.
I would also imagine a few have been taken in and lost money from the incessant ramping that happens to warn others it’s always jan tomorrow with this company.
That ends speculation of a rights issue I think with the director buying another big chunk. I’m going balls deep on this one it’s way way oversold !!
This board gets more comical by the day !!
Now there talking dividends haha !! Syme has taken a bridging loan which will be converted to a CLN to keep the lights on. For any potential investor who reads this board there was a recent fintech listing of Lendinvest it has 108 million pound revenue is backed by JP Morgan, Barclays HSBC & bank of Australia has funds under m/ment of over 1.5 billion and it’s market cap is £275 million. I wouldn’t invest in either so I’m not ramping another share before the LTH start accusing of cross ramping. This has no revenue shares into the 10’s billions and revenue is pretty much nothing. Don’t get taken in by the paid rampers on here !!
Peak and you are going to reimburse people who have listened to your rubbish for the last 12 months imagine how many people you have lost money based on the absolute none sense you have put on here. I’ve just read your posting history WOW !! Literally everything you have wrote on here is wrong and I would go as far as saying your one of the worst rampers I’ve ever seen on any board. You have to be paid as not a normal sane person would write the lies and complete rubbish you have put !
Lex if Brass, yourself and others saves just one PI a bit of money it’s well worth it. There’s a poster on here called Napalm I think if you read his posts he has pretty much called it to a tee. The only response the paid rampers had was to start abusing him. I don’t think a few of them have understood the role of a non exec yet as some are making out he’s running the company.
Canetoad the CEO bought nearly 5000 of shares at over £20 a share when he first took over and has continued to add through the last 2 years !.
I’m sure the board will add again shortly.
Brass I know some of them are paid rampers on here so well played on keeping an open and honest view on this board. It’s started again the unicorns rockets etc 1p this year 5p next. You have some fella on here who keeps predicting the share price based on a model for fintech companies etc. The only time he didn’t want to use it when they was meant to be buying a fintech bank. The funny thing is the valuation of that bank had a 50% difference between the lower and higher valuations but guess what the long term holders/ paid rampers didn’t question a thing. Like when they used a CLN to purchase a company with 300k revenue for 31 million again the paid rampers never questioned a thing. Hopefully you have saved a few innocent PI money by not listening to the paid rampers and telling the truth. Some of them on here are definitely paid 100 per cent !!
Fair play to you Darren you called it !!
You do realise your posting history is there for everyone to read so well done on making money this time but a couple of weeks ago you lost an absolute fortune on your stop loss. Or I suspect your more of b*ll****ter as anyone who comes on these boards gloating tend to be disingenuous as people with real money don’t gloat to strangers on a bb board !!
The only thing that I’m not comfortable with is the CEO can buy £250,000 at the £1.15 after not currently holding shares and us PI can only get 1 for every 4 shares held. The 6 months figures were better than I thought and the re-introduction of dividends from Jan 2023.
Looking forward to the purchase of this fintech bank which is even more bizarre in its valuation of anywhere between £34 million and £51 million. It almost makes the Tradeflow one look legit.
Savvy as a respected poster on here, based on the P/E to value fintech companies the one you have used on here to value Syme on numerous occasions what would the revenue of this fintech bank be based on a £34 million pound valuation ???
Im sure the LTH or should I say cult won’t question the 50% differential as it didn’t the valuation of a company that generates 400k income for £31 million but you never know someone like AP might be able to explain after his gaffe advising tradeflow have a £40 million pound fund when it was actually Dollars !!
I’m sure this post will be taken down as the truth isn’t allowed to be on here only rockets which I’ve seen on numerous posts today !