Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
You asked some really pertinent questions, being a critical but supportive friend.
Overall, it was a good atmosphere, anyone can see we have a motivated and happy board and management with some serious talent there.
They’re all approachable and no arrogance at all. In fact, I sensed they are quite a lean machine behind the scenes, no fat in the organisation, and very sharp.
When asked for example about the PR strategy you could sense there was a bit of an internal debate about the value that is being brought to bear. Stormharbour the same.
Let’s see what July brings.
Thank you. Shut the door on your way out, there’s a good turret face.
Le trash can au verde for you my friend.
The poor turreted one is still trying to change narrative of what actually happened. There was no “grilling” about the share price. In fact, AZ brought the subject up himself at one point.
Those of us who were actually there, and listening, found out so much more.
Even better was the management and board hung around for as long we wanted to answer all questions.
Stuart is a quietly impressive guy, a slightly dour Scotsman with an eye on the clouds at all times, just the type of person who want in Risk Management.
Amy is class, has the air of an exasperated parent wanting to encourage but also rein in an excitable child. Hope she doesn’t mind the description! :-)
Albert is new to this company but experienced in the whole listed company game, always ready to offer sage advice.
Alice is setting her stall out in terms of remuneration and recruitment policy.
Nicola shared the exact step by step of the client sales process from initial prospecting, contact, due diligence to term sheet. She reiterated that the shape of an individual deal with a client can change a number of times before getting to the all important term sheet stage. Once there it’s a matter of 10 to 21 days to funding.
It’s confirmed the Italian company for Vechain IM are past term stage, money ready to hit their account. So announcement of the key first M proper will come before or at end of July, by all accounts.
It’s clear when listening that lessons have been learned by AZ (in fact, one attendee commended his new tempered down approach) and how the whole company is like a thoroughbred in the gates, ready to burst down the track once the first one is done.
BOD also mentioned there are many investors who are literally waiting for this first one.
So, in summary, for real LTHs, the horse is saddled up, the jockey is ready, we are almost there.
If you were there you’ll be able to say how many minutes the organiser said were pending before starting the meeting. He was very precise, to the second. I’ll give you two goes at answering. You never know, you might be close.
Stop talking tripe. He didn’t say that at all. If you had ears you would’ve e heard him talk about a general depression in share prices across the board, not specifically SYME.
You’re not invested so your opinion counts for less than nowt.
Into the green bin you go lad.
That would be a thing, wouldn’t it? Not holding out much confidence though. They had to announce the news now and by delaying the accounts due “auditors” shows something isn’t quite lined up.
After this morning’s bombshell of an RNS, the logical litany of questions are apparent,
Who owns the entity that will hold the IP?
What safeguards do shareholders have that the entity doesn’t sell the IP at a later date?
How will Supply@Me Capital PLC be remunerated for said IP? What is the consideration?
How near are we actually to an IM? Have contracts actually been agreed, or is that just a lie? Even nuclear peace treaties are negotiated and agreed in shorter time than one of SYMEs IMs….
What happened to Stormharbour? (I actually called them up about investing in an IM, didn’t hear back from them….)
If the company has agreements with all these funders, why hasn’t a single IM been issued?
How many staff does the company actually have?
If TradeFlow is producing revenues, why raise even more money from the likes of Venus, to the detriment of private investors?
Can shareholders have a proper say in the alleged Strategic Plan? After all, we are paying indirectly for the third party “adviser”.
Will the board, what’s left of it, consider a small IM of a few million pounds value to prove the concept once and for all and to give the wider commercial finance market confidence in the process? I’d happily give them the contact of some alternative asset investors who be keen to invest.
And before anyone asks, yes I’ve tried to put these to the company and their so called PR representatives. Again, still waiting.
The common sense and logic shown in your post Determinator will flummox a few folks on here, causing them to reflex into negativity as per usual.
What the company is building is worth something and significantly more than the current market cap. As ever, it’s just a question of patience.
No matter what word soup we get as an RNS “envisaged by end of April” (despite being promised it by then in an earlier RNS), there are too many moving parts to this for the company to do anything except to add value.
The lack of CLN RNS suggests the revenues are flowing.
As one who has been here for nigh on two years, including pre Middle East partnership share price rise, I’ve a feeling the update RNS will contain more word soup with very little revenue substance.
No doubt there will be talk of “negotiations with Big Four Funders” and “term sheets to be signed imminently “.
We will also hear about how “everything is progressing on track”, not forgetting how the “funders want exclusivity so there’ll be a delay on getting things signed” and how client companies now number in the hundreds.
I of course stand to be corrected and pleasantly surprised.
Great news! It does warrant an RNS as it’s proof of concept etc with what our subsidiary is doing. Come on Walbrook, get your finger out.
If you’ve been in shares a while, you know full well days like these arrive now and again.
We are well aware AZ has been a little over enthusiastic at times with his pronouncements and some of the interviews have been bordering on giddiness.
The RNS today was a a blow and I’m considering what the act merits of issuing it now.
It now seems we won’t get an IM in this calendar year as DD fees etc would need to be paid in advance.
Contained in today’s RNS was some potentially positive news but, and it’s a significant but, it was buried in the usual flowery and verbose language, lacking in actual hard facts and details, and that requires several readings.
What springs to mind is, this “just about to happen” style of RNS has been going on over a year. Companies who a year ago may have been interested in “monetising “ their inventory have most likely sold it or produced and sold whatever it was they were using the inventory for. So are they genuine “pipeline” prospects anymore?
Let’s hope now with the “grown-ups” now involved in the company that we can move forward with only posit e detailed news.
There are too many “agreements”, “discussions” etc going for this not to move forward.
The demo of the system on one of the recent video interviews shows how it can work.
For many in here, this is a long time coming. We know there is something brewing nicely and it can get a little frustrating now and again with apparent lack of news. But take courage from the fact that most platform SaaS, which supply@me is one, will just explode once the concept is proven.
One specialist platform saas I know of, in a fairly niche field in only one geography, went four years in development and minimum viable product trading before it was bought out at a multiple of approximately 30x revenue.
Supply@Me platform is relevant worldwide and has resonance in every market.
So lots to look forward to here.
The fundamentals haven’t changed. I was at a conference with the commercial finance industry yesterday. That industry is crying out for a non-debt solution as companies have been fatted up with government stimulus schemes and all that debt is going to come home to roost in the next 6-12 months.
Az and his marketing team would benefit by reaching out to the likes of NACFB who are at the coalface of commercial finance for primarily SMEs and non-listed companies.
He was a bit guarded re the fin tech bank longstop of 30th September.
But on a positive, we can now visualise what the actual platform looks like. They are clearly piggybacking TradeFlow’s platform and that could’ve been the final piece of the jigsaw.
For the derampers and shorters, Apex Group is a monster, servicing $1.4 trillion worth of assets and funds worldwide, of which their subsidiary Emerging Asset Management Ltd manages a mere billion....
Think we are in good company. Makes Stormharbour look like a minnow.
And the most telling line in the whole RNS,
“... the funds have already secured investors subscribing for the full, initial $40m issuance.”
Good start and proof of concept,
Finally, a measured opinion on this board.
The “quick gamblers fix” analogy perfectly hits the nail on the head. Why else at times would people be as agitated, aggressive and vocal about the prospects of this company?
It’s so tempting to dip on this board and follow #syme on Twitter to see what’s happening but, hard and difficult as it may be, most of the time it’s best just to hang back, resist the temptation and wait for official news, i.e RNS.
Speaking to corporate financiers I’m acquainted with, whilst they’re not all aware of Supply@Me Capital and it’s offering, they absolutely can see the benefit of this new asset class and have begun watching.
Patience is the watchword here.
When this comes good, after first major securitisation, we will all be a lot calmer and sanguine.
AZ also stated that he hopes very soon to be able to have a demo version on the website so we and prospective investors/clients can see it in operation.
As per usual this board fills up with extremists on both sides of the ramping/deramping argument.
Having had a few reads of the typically verbose RNS, it appears that Mr Z has actually taken steps to mitigate and reduce the impact of the CLNs.
Of course some may say it’s cutting it fine and others will jump on it and say the “death spiral” has begun.
Anyone thinking logically about this will consider that:
the recent decline in price may be related to this
the news had to come out so best to put it out before agm and trading update
the news is actually indifferent, and neither good or bad
the fundamentals of what the company is building haven’t changed
the people now involved are some serious heavyweights who can make things happen
the trading update should show some decent numbers now the accretive acquisition of TradeFlow is complete
by having funding in effect on tap, the company can be nimble in acquiring more bolt-ons and strategic entities.
So it’s a case of looking super long term, what the company has built and is building is effectively the future with many aspects and opportunities that we or the company haven’t even thought of.
My only gripe is that the company doesn’t seem to be massively active in the marketplace, judging by conversations I’ve had with many in commercial finance across the globe. There must be a reason for that.....
It’s very telling the share price has hardly budged day on day. Of course there was a flurry of activity early doors for the weak and traders, but otherwise all good.