Member Info for LTbeliever

Hopefully, another good pre-AGM update tmr morning? About cash and/or Sales maybe.

Rekash, do they have a SP target?

All is very quiet; volumes almost zero, SP hovers around 2.70, no insider trading; I have a feeling that the SP will start moving towards 3p soon. IMO

@TTT, IMO SYM will pay it off from cashflow; pls check my numbers:

on a 46% GPM, it looks like in Q1 Rev were 1375k and 2075 in Q2 i..e 700k higher (350k announced improvement); "trend" continues SYM advised, meaning REV were a) 2100 in Q3 and 2100 in Q4 or b) 2800 in Q3 and 3500 in Q4.

So, worst case, £4200 in H2 and GP of 2000 (meaning a small NP of 200, and a loss for 2024 of only 200k) and

optimistic case of £7300 in H2, GP of 3600 (ie NP of 1800 and 2024 profit of +1mln).

If I am right, then the Mkt can easily estimate NP of 3-5 mln for 2025; enough to pay off the loan.

With population (and poverty) still growing in Africa, LatAm, Asia, and USA turning against recycling, it's utopian to think that the EU can impose its rules to the RoWorld; the future is biodegradable plastic, not less plastic. IMO

Expect a bumper Update b4 Xmas.

Shatter, why now?

Maybe now - after 13 years on the backburner - they see tangible interest from clients?

I guess they have many products but the Market has to be ready for their acceptance, otherwise why waste precious cash and mgt time on unwanted products?

Have the Note with a pinch of salt?

More CTM sales to come from Qatar, from MTox LX sales and apparently, sufficient cash to cover expenses until 2H 2025 when revenues will increase and be more predictable due to reagent sales.

Must admit that Qatar could be a game changer - they have cash to burn, could expand CTMs for next 3-4 years, and local distributor covers other cash-rich /water-poor Gulf States.

Https://www.turnerpope.com/wp-content/uploads/2024/12/MicrosaicSystemsplc_27-11-2024_FINAL_BG.pdf

"Kahramaa’s own website notes its 2024 commissioning of a ‘Real Time System, Acute Toxicity Monitoring of Drinking Water for Chemical, Biological and Radiation Monitoring’ at four pumping stations in what is said to be ‘the first phase’ of this programme";

"In anticipation of receipt of two tranche payments for the Qatar project, one being imminent, plus

anticipated VAT refunds it is reasonable to expect a material near-term improvement in its cash position.

Factoring-in further revenue generation from prospective Qatar project sales of newly upgraded MicroTox® LX

devices and MictoTox® reagent sales, plus anticipated receipt of an R&D tax credit during the first half, based on a

continuing burn of

I hate to say it, but it seems like the weight of the EU is shrinking (and global GDP share) , whilst the weight of potential SYM clients (LatAm, Africa, MEast, India etc) is growing; and with Trump 2.0 in the USA, the fight against all plastic is weakening substantially - IMO

BB123, fair point but the Mkt needs to see that the SP will not suffer any further dilutions, plus the Clients need be sure that their supplier will have cash to complete the orders, right?

Everything is part of the same puzzle, pieces have to fall in the right place. For the "game changing product" to change the game, the Co needs to be around first and have money to produce the product.

BB123, they did the placing based on cash projections 2 years ahead (IMO), when breakeven will be clear.

In the meantime, I expect a material trading update before Xmas, where it'll become clear to the Market that B/E has either been reached in Q4 2024, or it'll be achievable in Q1 2025; if you listen to the last 2-3 minutes of the Interims Presentation, they sort of alluded to that.

Seems production will remain at high levels

https://www.bbc.com/news/articles/c785l1nrpd1o

time for SYM to step in?

Might be with Summit, they have 2 months or so, to raise the finance needed for the mine construction; plus, KP would want to to raise its profile anyway as it will need more employees to oversee the mine etc. And any publicity is good publicity in the industry IMO.

Some good, some not so good (wait until 2025) but overall, encouraging progress and Mgt seems to be aware of the damaged relationship with the Market; as a reminder, 27 CTMs sold to Qatar in early 2022 for 1.4 mln, so if we sell more in 2025 it will be great; and the 571k for the reagents is an annual outlay, if not mistaken;

5 Mtox LX shipped in December so collection in Jan.25 (around $100.000?); I found on internet a quote by a US Co for $30k for one, so I assume the Co sells them for 20k each maybe?

We will see the Mkt reaction soon (probably neutral as many developments relate to 2025) but it seems Co is slowly making progress.

It will be higher in Jan and a lot higher in Febr; that's my only safe prediction :)

We all know the AIM feeling; yes, safer to average up than average down.

I think their 2025 sales' projections are very good, hence the confidence they seem to be exuding; plus, the reason why the supplier took options in lieu of cash for work in the MEast; they seem to expect the SP to hit 12-15p in a year's time (expiry date of options); not far fetched on 2025 Sales of 8mln, GP of 4m, exps of 3mln.

Well, is there any other candidate? Let him make amends for his 2022-2023 co... ups!

My view is, let's not rock the boat until it enters calmer waters; I see they will change the name too, tethys purity, Metir ltd etc.

I'm a new holder here, big spread doesn't allow speculators in so it's a Buy and Hold play; IMO, the CEO's comments in the Interims presentation in September hinted a turnaround soon (maybe a December trading update); 350k loss in Q1, 50k loss in Q2 and a trend continuation, which could imply actually a Breakeven point in Q4; 300k improvement from Q1 to Q2 indicates both a drop in expenses and a rise in Sales, therefore "trend continuing" could mean not just a 50k loss in Q3 but a small profit. They repeated - correctly - many times that SYM is "operationally geared", meaning that a small rise in Sales can make a big difference in profit and I think this is what we will get b4 Xmas (update).

GLA!

I'd expect a trading update around (or on) the 11th; oper. update promised "shortly", Mgt is trying to be as transparent as possible; will be good to know the cash update and whether the MEast cash (appx 200k) coming in is from Qatar (part of £571k sale) or from a new client. Microtox LX back to production, 1st unit tb shipped in December, more to come hopefully.