Member Info for Tex2374

This is not a SYME IM transaction. I think that’s the real news everyone is waiting for.

This is positive to TF but we don’t know the exact impact from the news article.

Yes, I expect we will see the growth plan forecast out in the April update,..

Thanks Theanalyzer, this is useful.
Tex

Take your pick.... The state of this BB sets a new level of uselessness, it would be amusing if it wasn't so sad.. Well done guys! Sad times for those looking to invest, not sure anyone would really want to join this dysfunctional family!

Nice bit of news from TF, hoping there is some traction from a revenue perspective in the H2 financials . Does anyone know the amount TF earned from the $1bn referenced in the article (I think that is over 4 years??)? H1 rev was £270k in 2021, H2 rev we wait and see. It would be good to get a feel of the scale of the announcement today. looks very good but what does it mean to Tradeflow revenue forecast? That's what we need to see in the April growth plan.

GMan, I don't think the 1% dilution is the issue it is the fact that this just creates a rinse and repeat monthly trading opportunity..... Plus more new investors are required with sticky hands. The entry point is again starting to look attractive though IMO.

If/when funder news and IM news come this will be a different proposition, but till then it will be painful to watch.

SYME needs to deliver the goods in Q1 then we can see what the new strategic growth plan & annual results look like in April. Key is to generate enough business to cover the monthly bills. This requires IM. Tradeflow won't achieve enough cash to cover all costs short term. The question then when will SYME get to the breakeven point to avoid monthly CLN conversions.. I expect this will be detailed in the April growth plan.

Tex

Please ignore my last post, those are actually 2 x 10m buys!

the 10m seller is back (possibly the same person dropping 5m as well). I think this is Mercator again, so there will be buying options over the next week, it is down to timing it...

Ellllte, this is the same position as 12 months ago (awaiting first IM which should be imminent) and we have the exact same posts from people about it happening any day (we didn't see any about doing a test drive with AZ luckily). The bottom line is that for various reasons in 2021 SYME didn't deliver.

Whilst I do think they are now much closer, the promises remain the same as 12 months ago, but the cash burn rate is much much higher, therefore increased risk...

Net net is this is still high risk and high reward.....

Once SYME get the funder signed then I would say this is massively de-risked.

Tex

Agree with GM, this is the whole point of investing in this share, high risk and high reward. Bottom line is can SYME deliver the IM POC and get a decent revenue stream going short term, this will reduce dependence on CLN and additional loans. Cash burn is much higher than 12 months ago as they have a bigger (expensive) team. So time is now of the essence.

They need to get the first IM done and then deliver on a pipeline of additional transactions.. in other words it needs to be a repeatable model. If they do there is clearly a material upside, if they can't execute in a timely manner then the risks are also material. This is the very simple situation, everything else is noise.

Clock is ticking, this is all about short term execution now by the new team.... Not back in yet, but keeping my fingers crossed on the new team delivering!!

GLA

Silly selling done and a bit of buying pressure gives a decent rise, not too much else contributed to the increase. People will start stocking up ahead of the DFS , I hope they have sticky hands as this is just the start.

I really do believe that in 2022 the company will drop the news that will sustain the share price increase we all expected in 2021.

A nice rise today, but best not to get too carried away, although £17m market cap for this share is a complete joke and personally, I have high hopes for for the DFS

https://twitter.com/tex2374tex/status/1478268512552501251?s=21
https://twitter.com/tex2374tex/status/1473200309619077124?s=21

Tex

As there are a lot of relatively new investors on this BB, just a word of warning, Syme attracts a lot of swing traders. This share has been a traders delight for a while. It is very easy to read.

Incidentally, many of the people you call ‘trolls’ are trading this. Ever notice they disappear for a few days? The irony of the situation is that while you attack them one day many are more than happy to pump a no news rise as they cash in their trade. They must be in stitches seeing the posts asking where they are!

So for all of those who ask why some spend so much time on a share they’re not invested in? Now you know. They are invested just not for long at a time :-)

I think FB still remains the priority. If CB was such a focus now the update would reference more than just one sentence saying

“ SYME also confirms that the Captive Bank project, a strategically important initiative for the Group, remains ongoing”.

In terms of FB. I personally think this will take longer than a couple of weeks to conclude. The update contradicts itself by saying it is close but then stating

“The parties are currently negotiating new key terms aimed at revising the purpose of the alliance to become more focussed on a commercial path, which would not require the acquisition by SYME of the 10% stake in the Fintech Bank.”

New key terms will take time (IMO) it would also be good to know why they have changed strategy? I assume it is to avoid raising several million from a placing or new loan. I assume agreement by the end of March but who knows?

On the revenue side this seems to be solely TF (they did 270k in H1 and I assume roughly the same in H2 now included in the SYME numbers) and H1 due diligence fees of £270. There is no mention of any H2 due diligence which is odd.

Cash burn is now much higher than 12 months ago due to the new Management team, so the monthly CLN conversions will continue till they have enough cash coming in each month either from TF (currently about £50k a month) or they get Cash from IM coming in. Cash is king as bills need to be paid somehow!

The situation remains the same as 12 months ago. They need to prove the concept by announcing the Funder and first IM. Everything else is just noise. It is a very simple situation. Final point of interest for me will be the April “new strategic growth plan”. Hopefully this is based on a successful first IM (or more)

It is a shame the trading update didn’t include more clarity on figures (is TF revenue growing? Was there more DD revenue?) and also a cash position.

I like the look of the new team, but I have to say it was disappointing to read even more AZ fluff.

I may be back in for a punt at some point in Q1.

Just my view on the situation

The below info on the Funder signing status seems to be a curve ball. Not sure I fully understand the implications but clearly it will add additional time to the process. What changed since the Nov RNS? Very surprised by the update today,or rather lack off. Not seeing the under promise and over deliver mantra coming through.

“The parties are currently negotiating new key terms aimed at revising the purpose of the alliance to become more focussed on a commercial path, which would not require the acquisition by SYME of the 10% stake in the Fintech Bank.”

No big post AGM RNS is coming. Just a good opportunity for growth in 2022 lots of upside in this share but anyone expecting a big RNS today will be disappointed IMO.

Agreed starres.

Just a word of warning , AGMs are normally tick in the box exercises rather than Big Bang announcements,
But let’s see, maybe there will be positive indications. Personally I like this quote as it solidifies the longer term perspective the company has. Testing will only increase in 2022 versus 2021. We have seen test numbers explode with Omicron. This will be the same for future variants. IMO. DYOR

“The newest Variant of Concern highlights that COVID is an ongoing and long-term global health issue and our ability to manage it better can be aided by rapid detection to prevent ongoing transmissions, using innovative products like the new Genedrive COV19-ID kit,” Budd added

I can't see 50p by year end personally, when they announced the EGM I thought that we we would be 50p on ratification. sadly not, now we wait for the final pieces of the puzzle which I assume will be Q1. In the meantime drilling continues from Jan 4th so happy days.

Not a bad position going into 2022, definitely better than most LTHs thought only a few months ago! When I first bought in.
Tex

The bid has now ticked up, we had 4 x MM on 40p, now down to the last one after that series of 40 p buys.

it' a false spread... reality is 38 and 40p

seems as though we have churned through the people not harpy with the EGM outcome and the profit takers.

Just PEEL left now.