Member Info for miker444

Some posts this morning, and rightly so, regarding revenue generated from due diligence fees and possible monetisation, but the evidence of that (reading between the lines) had already shown, for me, in the credit agency rating going from high risk (E) straight to moderate risk (C) in one leap.
It actually numerically wise went from 0 - 50 where moderate risk is 38 - 50 and 51 being a (B) low risk, so we could have been given 38 or 41 etc but they pushed us right up to the maximum just holding short of the next grade.
The credit agency are a responsible concern and will not want to compromise their own integrity and standing and therefore must have seen something pretty solid and reassuring with Syme and that must have been an improved balance sheet with a revenue source to boot. I am confident we will push in to the (B) low risk band asap once the next set of news clears.
atb.

Hi Marley it may be a coincidence but could well have been prompted by the 'noise' AZ has been making in Italy with Quadrivio and 187 companies on the books, word has to get round. Either way it does show that block chain is the way forward and even if totally unrelated to Syme it does appear we are as advanced as anyone including the Banks. We may well be copied or have to run alongside other institutions doing the same but the market is $trillion huge, big enough for many players so the importance for me is to be one of the first out of the starting blocks and have market 'brand awareness', being one of the first choices 'to go to' for companies interested.
TradeFlow completion is a biggie.
atb mate.

Mick2 agree 100%, If TradeFlow goes ahead it will be the start of a new era for Syme and not just 'potential' which is where we are at the moment to the point where however it is paid for is irrelevant when looking at the bigger picture. The last thing I want to read is an RNS along the lines ' After careful consideration TradeFlow have decide not to proceed with the acquisition with Syme at this moment in time...blah, blah'.
I have seen and been invested in far too many stocks where I have experienced that! Just get TF over the line please AZ and then move on to Quadrivio, CB / Funding and the sp will look after itself from there.
atb.

The audited Accounts are due by end of May and the 2020 AGM by end of June, Rok was referring to the accounts I believe so both statements correct.

Peak some excellent posts mate particularly last night @ 19:51, to reiterate a point you made from that in the quality of the team Alessandro has lined up, Anthony Brown educated London School of Economics and 30 years experience , Suzanne Chishti educated and lectures at Cambridge and Oxford and has a global best seller in Fintech Trading & Finance, and when you look at other personnel their CV's are off the wall they really are (including TradeFlow Board).
Nothings nailed on yet but if these guys cant make this work then no one can imo.
atb mate.

Our credit rating went from zero to 50, (C)moderate risk, in one hit, due to the credit agency seeing something very positive and a rating of 51 is low risk just 1 mark off that. Also the FCA have agreed to this so its within the regulations. Yes it will drop today but the fundamentals have not changed.

Not sure the ask can be 0.4 if the share price is 0.42, think they have those 2 the wrong way round? bid is fine.

Whats not to like, the Tradeflow acquisition is happening. We could have easily have had an rns stating that after further consideration TradeFlow has decided not to proceed blah blah. This is the first step to putting all the pieces together for Syme to become an established going concern with an existing revenue stream to be added to when Captive Bank, SH, & Funding streams announced and then numbers of IM securitisations.

Parm, I see it as quite simply once we acquire TradeFlow we have their platform to do whatever we want and on a Global scale and reverse tweak it IT wise to do whatever we want regarding IM and our business model. Enough boffins in both camps to have a field day in pushing both models forward with adaptations at will. But we need the deal to proceed first.
If we can crack the US market with a new asset class and word gets out the growth curve could be exponential.
atb.

Best to ignore, some state the 1 code is a pre-cursor to an RNS but nothing set in stone, sometimes an rns follows sometimes it doesn't. The jury is out :¬)
atb.

The question has been asked and I too have thought about why TradeFlow would allow / want an acquisition with Syme from the point of view that they are already up and running and we despite potential are not.
It is always a possibility that even with Head of Terms signed they can still walk away and a worry if it falls at the last hurdle for shareholders but after watching the you tube clip I think I have the answer, for me anyway.
The two Tradeflow guys in the interview have basically with a lot of R&D and head scratching set up from nothing a trading model that appears to be unique and that actually works not just in principal but in reality.
They are obviously talented and intelligent but they come across as belt and braces / blue collar who have finally produced an end product. And there lies the problem. They do not know how to take it forward.
Despite having Singapore as their hub that appears to be their limitations. They are making 0.5% on each trade deal and do not know or cannot break in to the global market to increase the profits or indeed grow.
I drew a similarity with dragons den, you have someone come on with a brilliant idea product wise but need the marketing expertise of a dragon to move it forward.
So why Syme? AZ is the dragon, he has the talk, we all know that, but he has the flair and dynamism to say to these 2 TradeFlow chaps we can make you global, we are in talks with a $70bn Funder, we have a Captive Bank lined and 4 streams in total. He will say he has the back up of both London and Milan and has a guy in the United States making good progress as we speak. Syme's MarCap ( at the time of the talks ) would have been £200m ish and with impressive Board members I can see now what made the acquisition appears so attractive to them.
This only came to after watching the you tube video, if you are invested and haven't watched it I would strongly suggest you do, these guys are good and jolly decent chaps but they have taken TradeFlow as far as they can and without other influences shall we say they are a small fish in an even smaller pond.
Just my genuine thoughts borne out of initially wondering what we can offer a company already set up, without the video I would still be guessing. Could be wrong but it has made me a bit more confident that the TradeFlow acquisition will go ahead. Factor in Storm Harbour , they don't have cold feet, just the opposite in fact, they want more of the pie and other countries so hopefully they know a good thing when they see it and this has caused the delay.
atb.

the sp cannot go anywhere other than drift / trend lower it's as simple as that. AZ's 'this will fly' to me was obviously meant once the Funding and Captive Bank were confirmed (which I think he thought would be sooner) not knowing then that SH would move the goal posts in wanting more countries globally to 'deal' with rather than just Italy. Not a bad reason but frustrating to shareholders.
He has stated it is close to being finalised. If you believe him then hold, if not then you have a decision to make and sell, probably at a loss which is genuinely tough. So it begs the question, if news is a matter of a month away on a lot of fronts incl TradeFlow surely, unless you desperately need cash, it would be better to wait a few weeks to recoup all your book costs or even better be in profit.
For what it's worth I experienced the GGP board 4 years ago when Newmont walked away from a supposedly 'nailed on' joint venture, the sp tanked ( greater than this with a 70% drop) and many many PI's sold out at the 8 am bell. If you think this board is tough you did not experience anything trust me. I held for 2 reasons, firstly, I did not want to realise a huge loss by cashing in and secondly I believed in GGP as a company and actually believed Newmont, the giant that they are, had actually made a big mistake.
I held and watched the sp recover to break even and stay there for 3 whole years. A year ago my 10m shares went from £138k to nearly £4m in September. The price has halved but still not sold a single one as they will be worth £1 - £1.50 /£2 once they become a producer / miner inside 2 - 3 years.
I have only put in £150k here and can afford the loss if it goes belly up, don't want to and will be pretty pis*ed off If it does but my point is go with your gut if you think the fundamentals have not changed from what made you invest in the first place.
Good luck to everyone in whatever decision you make and I hope all that are invested eventually profit.
atb.

MRRR good you tube video, thanks for posting. As some posted over the weekend the Board's of Syme and TradeFlow are highly creditable in their fields and I think they will compliment each other if the acquisition completes.
It was interesting to note that the main driver for setting up TradeFlow was due to the small and medium companies being turned down by the Banks for finance in part due to technicalities if they had been trading less than 3 years. That is when most start up companies need the finance.
If word gets out across the SME's that a new model exists and that they can be funded for stock on 'the shelves' and not through dilution or borrowing then this could and should go global, in AZ's words they are creating a new asset class.
Just need the blue touch paper to be lit with the Captive Bank and SH Funding / streams and we should grow each month as word crosses the globe and client companies increase. It could , if proven, happen quite quickly number wise.
atb.

Argo, many thanks, Divvyup and cahoodle good posts and I second argo re- Divvyup's post in that these guys are at the top of their game, Susanne Chishti's CV is off the wall and includes a global FinTech best seller / lecturing at Cambridge and Warwick.
I looked at TradeFlow Board and they are equally impressive, if it comes off we have the best brains and experience in the FinTech business.
We will know soon enough.
atb.

I know we are all waiting for the 'cracking rns' but the successful acquisition of Tradeflow is of huge importance imo to Syme due to Tradeflow actually being up and running and ( from memory ) they are getting 'clients' at a rate of 30 - 50 per month and have an established revenue stream.
For me that fact is vital to Syme in that it will not only underpin the sp but it will be the start of a proven concept and Syme will be established overnight as a going concern and not a 'potential'. It would also be a great advert for the core business model to everyone, the funders, the captive bank and give reassurance to prospective client companies.
Yes Tradeflow has to be 'paid ' for but at this stage with SH not 'nailed on' it is becoming pretty vital for me that the acquisition does not fall at the last hurdle. The options of acquisition fail or success are worlds apart, they really are. A fail will tank the sp and create nervousness on a squeaky bum scale but success will propel it and the train will have well and truly left the station. I want to be on that train journey.
atb.

Guys do we know the time that the interview is taking place.

Marlena excellent post @ 17;06, I think in just a few sentences it sums up perfectly the vast majority of LTH's views, certainly mine. To add, we know that irrespective of tomorrows rns ( or not ) and content that we are due a trading update every 2 months end so those updates should see a steady addition of number of companies coming on board, securitisations, monetisations, funders, call it what you will. The bottom line it should see Syme grow continuously and the sp with it, albeit not necessarily in a straight line. Tomorrow or every 2 mths makes no difference to me, holding my 24m long.
atb.

If £1000+ I'll be sh*tting myself not wetting :¬)

JD as soon as I saw that I thought Schlumberger, they are the respected No1 in their field.
atb.

Didn't understand half of that but what stands out is the high technical level of work ( CHLP & VSP) to give them the best possible info and detail so as to best exploit the EWT.
A very solid, sensible and reasoned approach, they really want to get this right, that's what this RNS says to me.
atb.