Member Info for Kyle17

You're welcome, there are also some good videos on their YouTube channel. This guy has a good 3rd party run down too.
https://youtu.be/2OtCm9dS6uY

Anyone looking into this?

This weekend I have been researching the SIA blockchain which is what SYME are using. I have messaged SIA developers and asked them what app SYME would use via it's Skynet app store. Really cool stuff they have going on. It has got me interested on investing into them too. Need to do more research but you can invest via their SIA fund which holds 10000 fixed shares which pay a % in Sia coin for each transaction on the network. You can buy the Sia coin itself which is the currency used for the infrastructure. Decentralised encrypted cloud storage that costs 90% less than traditional cloud storage like Amazon and Microsoft etc

Thanks for the reply guys. My interpretation of the paragraphs below highlight that the RTO was of a previous AIM listing... For tax purposes I agree it will be a benefit. Who got the 225 mil and where did it originate from? Did we borrow it and pay a third party, or is this a form of accounting practice for tax benefit? Do we carry it leveraged against equity? Never been a stock with a reverse take.



"The highlight for Supply@Me Capital Plc (the Company or SYME) in the 12 months to 31 March 2020 was the successful acquisition, via a reverse takeover, of Supply@Me S.r.l. and a Main Market Listing on the London Stock Exchange just prior to the period end.

Previous to this, the Company (formerly named Abal Group Plc) traded on London's Alternative Investment Market (AIM). Pursuant to AIM Rule 15, the Company became a cash shell on 5 February 2019 following the completion of the disposal of its core operating business (known as Imaginatik), and trading in the Company's shares was subsequently suspended on 6 August 2019. On 27 September 2019 the Company announced that it had entered into a conditional sale and purchase agreement to acquire the entire issued share capital of Supply@Me Srl. Cancellation of the admission to trading of the Company's ordinary shares on AIM took effect on 7 February 2020, in accordance with AIM Rule 41. The Main Market Listing of SYME successfully completed on the 23 March 2020, eight days before the end of this reporting period"

Two good links below to study the tech side of the SYME

https://www.sia.eu/en/solutions/blockchain/smart-contract

https://www.kraken.com/en-gb/learn/what-is-siacoin-sc

I hold Bitcoin and no other crypto but it will be interesting to see if Siacoin takes off with SYME and other companies using it.

Yes I do hold shares and I am a bull on this stock. I do not wish to dicuss my holding or position on a public board. Spotify that is all I see you do when ever someone brings discussion that does not please your narrative. It isn't negative, it is called doing due diligence. I am slightly confused by it so put it to the board for someone to explain.

Yes I have only now just read the report in depth. Unsure why it was so steep. Makes sense if it was raise capital for the notes but why report it under goodwill for the costs of reverse take over if so?

https://www.investegate.co.uk/supply--me-capital--syme-/rns/interim-statement--12-month-period-to-31-03-20-/202006301834156128R/

The 225 mil loss written off as goodwill seems a bit steep to me for taken over an aim shell. Surely would have been cheaper (roughly 500k with amount of shares intended to issue) to list a new company via the main market? I take it that loss carries over on our balance sheet? Was it put towards the 300 mil securitized notes, can someone explain please? Just need to revise my figures if that 225 mil is something that will need to be cleared before eps is positive

Where do you see these codes?

Block chain is a digital ledger that can verify logs of data and transact data. Contracts/ inventory is traded and verified by anyone who is part of the network. It avoids double booking the same item or logging an item that the accepting party does not want etc. There is total transparency and trust in the contracts. Is syme rate compounded annually or fixed for the total amount over 3 years? Creditors/ banks could offer a lower rate for AAA rating companies, but as people mentioned this is classed as debt and compounded which could work out more costly in terms of paying back the loan over a period or indirectly via equity suffering and competition knowing your weak or planning expansion etc. The speed on how you can transact is an advantage too. The other thing that has crossed my mind is that creditors like banks are regulated on how much they can take on their balance sheets with risk etc. This makes me think that they can leverage themselves out via a vehicle like syme and collect a yield whilst not breaking the rules. Banks loved packaging cdo's pre crisis and have been regulated hard since then. I think AZ has spotted a gap in the law and capitalised on the new wheel known as inventory monetisation. Banks don't care they just want to collect the yield.

https://www.marketscreener.com/quote/stock/SUPPLY-ME-CAPITAL-PLC-44458528/company/

Just to correct myself we are on roughly 60x on net profit of 3 mill at current share price of 0.005

I used software as the industry average for PE

I made a mistake on these figures by using the share price in sterling to divide on Euro euro earnings, Just convert the share price to euro to revise your own workings

At the moment we are trading on roughly 25x with the 6.5 million, so still below sector average with future potential and money upfront on each deal. Crazy market where we have seen companies balloon on no earnings. We actually have something that is producing, the future looks bright.

The way I see it is that
up until 2021 year end we have a potential of 4 billion to be used, 2% gross fee is 80 million with net profit @ 1% = 40 million or 60 million @ 1.5%. For this I will use 1.5% net profit, 60000000 ÷ 32,750,000,000 shares in total = 0.0018320611 EPS. Current stock price 0.0050 ÷
0.0018320611= PE ratio of 2.73. Our industry trade on an average of 33 and the market 17 PE ratios. 33 x 0.0018320611= 0.06 SP with projected figures

As WG states this is not debt in the sense of going on the balance sheet. Even if it was with interest rates this low does not mean credit lenders would lend slightly above base rate. Look at what companies debt trades for to get an idea what alot pay, many are above 6%.

Probably a little outdated

Top Shareholders
Top 25 shareholders own 60.7% of the company
Alessandro Zamboni
18.02%
Dominic White
16.69%
Eight Capital Partners Plc
9.55%
Pictet Asset Management Limited
4.85%
Eurofinleading Fiduciaria SpA, Asset Management Arm
4.71%
Maurizio Belli
2.7%
UBS Asset Management
1.36%
Emanuele Facile
1.08%
Fin-Eco SIM Spa, Asset Management Arm
0.34%
Interactive Brokers Group, Inc., Asset Management Arm
0.22%
Unione di Banche Italiane Scpa, Asset Management Arm
0.18%
Eurizon Capital SGR S.p.A.
0.13%
HBOS Investment Fund Managers Limited
0.13%
A J Bell Holdings Limited, Asset Management Arm
0.11%
Global Prime Partners Ltd, Asset Management Arm
0.094%
Allianz SE, Insurance Investments
0.077%
Barclays Bank PLC, Wealth and Investment Management Division
0.069%
Close Asset Management Limited
0.065%
Peel Hunt LLP., Asset Management Arm
0.062%
Equiniti Group Limited, Asset Management Arm
0.058%
IG Group Holdings Plc, Asset Management Arm
0.055%
Jarvis Securities plc, Asset Management Arm
0.045%
Amundi Asset Management
0.038%
HSBC Global Asset Management (UK) Limited
0.037%
Mediobanca Banca di Credito Finanziario S.p.A., Asset Management Arm
0.034%