Member Info for Theanalyzer

Maestro

Upland is on the Standard list of main market, it has plenty of underperforming companies like RTOP down 90% since IPO in August 2023. Others include ICON, SYME. It’s very different from the Premium List. It’s more like AIM without a NOMAD.

Cirata did fess up to a major accounting fraud and had an emergency equity raise to explain its crash!

Funadementalanalysis

RTOP is now only valued at under 8 times 2022 revenue.

It’s still overvalued based on any traditional metrics albeit its down 85% in last month.

Sometimes buying a falling knife isn’t a great trade.

Antman44

If SYME weren’t ready to IM as you say then why did SYME issue so many positive RNS statements about imminent forthcoming IMs. The least cynical view is that AZ is an optimist.

I think your theory is back to front. TW writes articles when SYME publish RNS announcements which typically have been disappointing and the share price drops as investors reach to the bad news.

Bulls have constantly touted the loan stock buybacks would lead to price rises but it’s a myth. The reality is AZ can’t find any funding at scale he needs despite over 3.5 years of trying which is why SYME is struggling.

The current RTOP debacle reflects poorly on both AZ and Albert as Chairman. Listing a company with almost no cash and then not paying the promised working capital on a timely basis. Was this connected with loan shares as well?

Fundamental

Even at today’s price RTOP trades at 9 times revenue which doesn’t sound like a bargain for a serial loss maker with material uncertainty over going concern because it’s majority shareholder hadn’t paid it the working capital it promised at IPO in the Prospectus.

The CEO hasn’t even issued a statement to explain why 85% share price drop since IPO in August was overdone.

Antman44

I trust you were wearing you tinfoil hat when you wrote all those smears and conspiracy theory nonsense..

Let’s see how SYME pans out.

So far my views that it’s not a great investment appear to be correct.

The same is true for RTOP.

Extrader

Thanks which makes my point that shares don’t have to be returned despite what Antman44 or is it Savvy makes

Antman44

Given you still haven’t answered about stock loans shares not needing to be brought back and are now accusing me of being someone else and fraud, I leave to continue to make your unsubstantiated conspiracy claims.

Antman44

I note you ignored my point that SYME confirmed the Stock Lender could choose either shares or cash at their option to terminate arrangements in Dec 2020 RNS.

I suggest that the Stock Lenders after entering stock lending sold shares and will return cash at their conclusion.

Why was they no RNS when first two stock loans matured indicating an increase in TAG’s holding? The

Antman44

No regulator will let a technically insolvent group like SYME buy an even 10% stake in a captive bank.

As to your loan shares point and lack of progress is a stupid conspiracy theory.

The stock lenders biggest risk is that shares go down in value and when they return the shares they don’t get their cash back. How does depressing the SYME share price mitigate that risk.

The stock lenders are also unlikely to sell the shares unless the deal can be settled in cash because if the shares take off in value they could lose a fortune through a short squeeze.

Antman44

The loan shares don’t have to returned. This was confirmed in SYME’s RNS of 24 December 2020 which clearly states “the collateral will be returned to the Group, in shares or cash, at the choice of the borrower.”

Also the loan between DW’s Eight Capital Partners and IWEP and 1AF2 Limited has a nominal value of €72 million repayable in June 2024 and has a charge of 8.3 billion shares.

So you theory isn’t confirmed by the facts.

DW is no longer a Director and sold nearly all his shares to TAG

Ria20

You have gone a bit quiet.

RTOP hit a new low today 14 pence.

Shame it’s down over 50% in last five days.

One wonder if TAG will pay the £515k due today? No news on two previous instalments.

Ria

Apologies your are right it does state 60% market share in Italy in interims but on Open Orbit website it’s states only 25 banks and regulated financial institutions as clients.

The Prospectus in late August stated a similar number.

That is rather odd when there hundreds of Italian banks.

Ria

Italian has hundreds of banks per any credible data source.

The RTOP Prospectus said it had 14 financial services customers across Europe.

Yet you claim a say 60% market share in Italy is right that would imply that there only are 23 banks in z Italy.

Looks like either your research is wrong or you just making stuff up.

Ria 20

You say “DYOR, I have “ LOL

What research have you done beyond saying RTOP looks cheap versus its grotesque historic overvaluation and constant usual ramping statements.

Ria

Mate no institutional investor will invest in a sub scale £1 million revenue, loss making company that has a material uncertainty over going concern on a multiple of 10 times revenue.

Only a low grade trader who ramps multiple times a day would make such naive comments.

RTOP is a dog.

It’s still valued at 10 times revenues which for a serial loss making company with a material uncertainty over going concern.

It’s only “cheap” compared to when it was more overvalued.

Traders might grab some money if they get timing spot on.

Profitable, dividend paying group where net assets of £200 million exceed market cap of £138 million.

Ignored by loads of investors.

I continue to hold my 20,000 shares.