The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Frankly, I haven’t got a clue as to when the share price may rise. It feels like it is going the opposite way to what it should be so for me, I’m just carrying on with life and taking the c’est le vie approach and holding.
I really want to see SYME do well. I have a vested interest. My background and education with regards to finance is that Control of the inventory is the key issue here. I also am interested what happens to the inventory in the event of a liquidation of a client company. This will happen in the future.
An interesting point with regards a car dealer. Often car dealers have an agreement with a finance provider and they have a fixed charge for the vehicle stocks. The same agreement will given the Dealer the right to sell the vehicles and settle the finance obligation at point of sale. Ultimately the finance house will be the ultimate owners of the vehicles as they have a fixed charge on the specific vehicles, however the car dealers will report the balance owed to finance houses, show the cost of borrowing on their profit & loss accounts AND the vehicles will be listed as stock or inventory on hand. If the car dealer went bust, the liquidator would have no rights to the vehicles as they are owned by finance provider.
For control of the inventory to shift, I am expecting to see the stock to be marked in some way, be controlled in some way such as under video survellance or moved to a separate part of the client company warehouse that is controlled by the SPV. OR perhaps even mvoed offsite in extreme circumstances.
It is not for us to say it IS or IS NOT a true sale. SYME will have done their due diligence and taken care and skill to ensure what they are saying is correct. On the balance of probabilty, it may well be the case but it is not set in stone until tested by the external auditors etc. It will all come out in the wash in due course.
richred_uk agreed. . . You can go one further and even Auditors can sign off, but it may still be overturned at a later date. Auditors should be the endpoint but as we have seen with reports of Auditors not picking up on everything it sadly can and does happen.
This is my only reservation, but waiting to see what innovation is there to remove the "control of inventory" from the client companies, which has always been my concern. For so many statements to be made that it is a True Sale AND has been approved by qualified professionals, there must be something new to the market for this to happen.
I check in from time to time but I suspect that those, like myself, are in this for the long run tend not to come on here and post. I will occassionally come on and have a game of idiot bating just for $hits and giggles.
This IM is not about the revenue impact for this transaction in it's entirety. It is about the commercial realisation that this a service and offering of value. Bigger picture thinking is required here.
I have recently sent an email to the investors@supplymecapital.com account. Really summarising my disappointment at "under promising and over delivering" then issuing the RNS / AGM and Interview confirming the first RNS would be completed in July. Still bullish however this is investment attitude is beginning to erode with disappointment being thrown into the mix.
There with you The_Palladin. Not selling, not buying. Doing absolutely nothing, sitting on my hands on this one. I knew this was going to be a long term hold, however I would have thought some growth in value would have occured by now.