Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cruise ships have for some time been referred to as floating Petri dishes, (in)famously spreading Norovirus and E. coli to captive passengers. Am I right in thinking that I heard DV’s technology is already proven re E. coli or did I imagine it? I appreciate that COVID testing is going to be a major aspect if not critical to cruises getting underway again but surely the other threats remain. Surely this is where DV should be pitching BT to the cruise industry if BT is already proven in that area? Perhaps they are. Is the E. coli testing proven in the water monitoring technology only? If 10,000s of people can attend sports events in the UK by undergoing traditional testing prior to entry, then surely a few 1,000s can board a ship departing from the UK using the same method. Notwithstanding the complications of calling at ports in other countries and the consequent COVID threat to all on board, surely some measure of traditional testing will come into play (LF test before disembarking at a stop off port, LF test before getting back on the ship at that same port). Yes, BT would make this a whole lot simpler and no doubt be more accurate but I am inclined to agree with the other commentators who suggest that DV have missed the boat here (pun intended :-) ).
Evening
1. From the 2020 accounts:
Competition risk
The Group's current and future potential competitors include, amongst others, major multinational healthcare and environmental health companies with substantially greater resources than those of the Group. There can be no assurance that competitors will not succeed in developing systems, products and services that are more effective or economic than any of those developed by the Group, which would render the Group's products obsolete or otherwise non-competitive. The Group seeks to reduce this risk by ensuring that a professional and high standard product and service is provided to its customers, maintaining confidentiality agreements and selecting leading businesses in their respective fields as collaboration and joint development partners capable of addressing significant competition, should it arise.
‘Obsolete/non-competitive’ = worrying = MV £zilch.
‘Leading businesses’ - Not sure a relatively small, privately owned company with principal operations in Ireland constitutes a business that would be ‘capable of addressing significant competition from major multinational healthcare and environmental health companies should it arise’. Time will tell.
2. China/US political tensions
How likely is it that the current state of affairs would see the China JV company operating freely in the US? Again, time will tell.
3. Southern Water record fine
Guardian article
https://www.theguardian.com/environment/2021/jul/09/how-southern-water-sewage-dumping-scandal-unfolded
Whilst real-time waste water monitoring is clearly needed, seems offending water companies will be reluctant to comply. Don’t know how this will pan out. Yet again, time will tell.
Still holding despite disappointment with SP heading south again recently. Without being delusional, am hoping that the so-called ‘freedom day’ will be accompanied by a significant RNS on 19 July revealing one of the hitherto NDAS that can then be celebrated at the AGM on 26 July. Otherwise, I expect more of the same ‘jam tomorrow’ spiel at the AGM that we have unfortunately had to become accustomed to.
I’m sure Ian Dury would have taken Ross Andrews’ purchase of 1m shares on the open market as reason to be cheerful though! I anticipate ‘blockhead’ might appear in some replies!
Anyway, back to taking in the lovely Peak District countryside.
Nice gag re Vanish :) Reminds me of size zero Victoria Beckham’s solo single reaching number two in the charts. Some say it was the biggest number two she ever had!
We all know that past performance isn’t necessarily a guide to the future, but looking at Companies House filing history the accounts have been filed late in two of the previous three years. Wonder if the delay today is the accounts are going to be late and they’re revising the provisions to cover the £750 late filing penalty! Really is a joke that the CEO of a listed company tries to pacify frustrated investors by way of reference to the England game. Filing the accounts at the last minute (almost literally) is down to poor management, nothing else. As I’ve posted before, someone at DV needs to start paying attention to the details. Rant over. Back to work (which involves accounts and paying attention to details as it happens).
Call me a pedant, but someone at DVRG should proof read their written content before posting it for the public to view and potentially evaluate the professionalism and standards of the company by.
Under ‘Revolutionising How You Take Care Of Your Skin’ the sentence including, and I quote: “allow you fully understand” needs the word “to” inserted between “you” and “fully”.
Also, under the quote from Dr David Caballero-Lima at the foot of the page, there should be two n’s in “questionnaire”, not one.
It’s someone’s job at DVRG to produce this content, I would hope they would take more care in getting it right. If you’re reading this Gerard, perhaps you could pass it on :-) Thanks
Interesting read re waste water analysis. Seems that DV real time monitoring is streets ahead with no need for delivery of bottles of murky water each morning. Could be this is a lab data back up of something involving DV. Would love it if the middle name of James Trout was Mersey ??
https://www.theguardian.com/world/2021/apr/24/were-the-poo-crew-sleuths-test-for-covid-by-reading-signs-in-sewage
Am I reading it right that ‘For clarity, the gross origination also includes commercial opportunities postponed or lost/ not eligible’ is like a shopkeeper who counts the potential sales he would have achieved if the customer had not walked out of the shop without buying anything?
I agree with Brass. I see the RNS as something of a damp squib. ‘SYME has ... been in regular communication with the FCA in support of ... (wait for it) ... the regulatory steps and due process REQUIRED for the lifting of the temporary suspension.’ It appears to me that the ball is in SYME’s court to convince the FCA that there are no further ‘technical breaches’ of the rules by SYME. Had ‘the timing of the publication of [SYME’s] financial statements’ never been in breach of the FCA’s rules would the suspension have ever been necessary? COVID limitations notwithstanding as to relisting ‘has taken longer than expected’, the FCA has a duty of care to ensure that if/once the suspension is lifted, SYME will be in full compliance with FCA rules. Given that we’re 12 days on from the last RNS, I would have thought today’s RNS was the perfect opportunity to ‘keep shareholders updated regarding progress as it is made.’ Has there been no progress made in the last 12 days then? I note that the accounts to 31 Dec 2019 are finally showing as filed with Companies House with a filing date of yesterday.
For the record, it’s the Liverpool School of Tropical Medicine. The Liverpool Tropical School of Medicine sounds like they operate from the Sefton Park Palm House :-)
For the record, it’s the Liverpool School of Tropical Medicine. The Liverpool Tropical School of Medicine sounds like they operate from the Sefton Park Palm House :-)
Calling people pathetic losers doesn’t make them so any more than calling people who post such comments juvenile misanthropes makes it so. Rest assured I am not a slimy shorter. I have a relatively modest investment in SYME. I invested with a view to making a return like everyone else. Personally, I will not be buying if/when the SP falls on the suspension. If there is no initial drop, I will set a high stop loss then simply hold and wait and see. Caveat emptor is a good maxim to follow in my view.
The clue to the ‘if’ question is in the accounts themselves.
Under the heading ‘Material uncertainty relating to going concern’ in the auditor’s report it states: ‘We draw your attention to Note 2 which indicates the existence of uncertainties in relation to assumptions about future trading that support the going concern basis of preparation. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2 indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter’.
This is despite the directors’ stating in the same accounts: ‘The Group is now fully trading and not reliant upon share issues to continue in business. The Directors have reviewed the forecast cashflows for the next 12 months and consider the Group to be a going concern’.
This concern is repeated in the unaudited interim accounts to 30 Jun 2020: ‘the directors have a material uncertainty in relation to its going concern status as noted in the recently filed financial statements for the period ended 31 December 2019’.
The accounts have been made up (hopefully not literally!) to 31 Dec 2019 whereas Companies House are expecting accounts to 30 Dec 2019. There have been numerous changes to the accounting reference date according to the filing history. The accounts are due by 30 Jun 2021 and have yet to be filed with Companies House. I don’t know why the accounts haven’t been filed with Companies House if the accounts are final unless it’s the 1 day discrepancy in the period end to the accounts.
So the question as to ‘if’ the company’s shares resume trading is certainly plausible based on the accounts.
In my view, it’s inevitable that, if the company resumes trading if it’s shares, the price will fall. I hope not because I have money invested but it’s like expecting that people wouldn’t take their cash out of a bank when their account had been frozen for a few weeks.
Wait and see is the only option.
If you want to read about a FTSE100 company that had its shares suspended and ultimately went into administration, have a look at NMC Healthcare. It’s not scaremongering, it’s just the reality of what can happen.
If the same happened to SYME (it’s an if before the decriers pitch in) then there’s already a SYME private ltd co set up on 22 Jan 2021 that may possibly pick up the pieces but our money will be toast.
Goodo, thanks. Seems that there have been a few ts to cross here, otherwise I would have expected an earlier incorporation date.
Morning. Tried to view the accounts on Companies House but it appears not yet uploaded. Surprised to see that there is a private (not public) limited company called Supply@ME Ltd incorporated on 22 Jan 2021 with same registered office address as Supply@ME Capital plc. Anyone aware of the rationale for the ltd company?
Read elsewhere of the exclusivity agreement with Hydrogen Utopia International Ltd (HUI) per the company announcement of 12 Nov 2020. HUI was incorporated on 1 Oct 2020. PHE's non-binding HoT with HUI is, per the 12 Nov 2020 announcement, 'with a view to [PHE] granting HUI an exclusive, non-transferable licence for the application of its DMG technology in Poland'. This flies in the face of the statement by PHE's chairman in the company's accounts to 31 Dec 2019 (page 5) that the intention of PHE is to 'create a robust, sustainable base of international licensing revenue through the establishment of similar relationships [to that established with Peel in the UK] with blue-chip industrial partners across multiple overseas markets'. How on earth can HUI be considered to be 'blue-chip when they've only been in existence (or at least incorporated) for just over two months? The chairman goes on to say in his statement (page 6 of the accounts): 'Our DMG technology has seen continuing and substantial interest internationally and we are carefully filtering potential opportunities to engage exclusively with experienced project developers and maximise our future licensing revenues.' Really? 'Carefully filtering'? The chairman at the time was Dr Cameron Davies. I think the current chairman is Tim Yeo MP, a former director of Waste2Tricity (W2T). Apparently one of the directors of HUI is the girlfriend of Howard White, a director of W2T, now part of PHE. Will be interesting to see who the next and subsequent international partnerships are with. Hopefully the 'careful filter' will be rediscovered and they'll be with recognisably 'blue-chip' companies, not start ups that smack of cronyism. PS. I am not a conspiracy theorist, have a modest shareholding in PHE, and would love to see them do well. It concerns me though when companies say one thing and do another.