Member Info for Theanalyzer

Napalm
You are correct that SYME could release results in June but that.would only be possible if they argue COVID related delays which I think is unlikely to occur. 4 months is standard deadline

Aviva historic track record on acquisitions hasn’t been great so prefer Aviva to return excess cash which they can’t use.

I am not fussed about the share consolidation.

Amanda and her top team will need to really push colleagues in remaining business to generate business improvements.

I think the Aviva Head Office could do with a drastic shrinkage given reduced footprint of the group.

The easiest part of restructuring Aviva is over the hardest part starts now.

Good to see that U.K. regulatory approval confirmed as deal adds significant scale to U.K. business and potential synergy cost savings and capital efficiencies plus greater cash generation.

Mick 2 If you sell and intend to reinvest in an ISA watch out 30 day rule.

ISA limit £20,000
150 bull supporters using their ISA equals £3,000,000
This is 10% of current market cap

Castle SYME could get an accounts extension of 2 months if they cited COVID delays but I am sure that Amy Benning will get accounts out by the promised time. Based on interims and disclosures made she knows her stuff in my opinion.

Hunniford the tax date is set by when the trade took place not when settled so it’s a 2021/22 ta year transaction.

Why are you suggesting that SYME is performing IM but not issuing an RNS about entering into such a white label agreement with Lloyds Bank. Sounds a bit like market abuse to me.

I think my risk of libel because I stated that I think your assumption is bs and not supported by a company RNS are limited.

Hughez87z. Ire your job have a large fries and a shake please.

Hughez87
Why not post your list of outdated and incomplete news of things to happen?

Perhaps you can update it to state JC to leave as Chairman Confirmed

For two years after supposed proofs of concept pre IPO for which suspiciously no details are provided SYME has failed to raise a penny in IM finance.

Bulls cite COVID and new asset class but even they must be worrying is there a more fundamental problem?

I wonder how Stormharbour and Apex fund launches are proceeding? Must be ready to fly soon?

Finally if it’s such a great idea why hasn’t a rival business in an adjacent business space like Taulia sought to replicate the business? The bulls will cite years of SYME development but the reality is that securitisation structures are offered by all major banks and on the front end inventory systems Taulia have numerous active customers so joining the two together would be relatively straightforward. Also Taulia is now owned by SAP has deep pockets and massive credibility in software space.

Amanda has filled the CFO gap quickly with ex RSA CFO which means experienced industry expert is at the helm which is good news.

Slight crucial typo below should state doesn’t exist

Why True Sale as proposed SYME does exist.

SYME’s inventory monetisation companies never take physical possession of the inventory nor do they intend to and the SYME blurb states that SYME customers can continue to sell the inventory to original customers.

Under the above two paragraphs of IFRS 15 this means no sale has occurred.

The bulls will cite SYME says it works but SYME have never published their advice or explained how it works.

I do wonder if this is why SYME can never raise finance because backers when they realise this don’t want to finance a scheme which doesn’t work.

No doubt some will say this was all checked by the FCA but the FCA approved the Prospective with the £224 million accounting error which in my view casts doubt over their accounting abilities.

Anyway looks like monster RNS is delayed until another day.

Imagine if Jim Coyle was still at SYME the mileage rampers would make out of that fact even though it’s nothing to do with same.

The SABB deal simply means that there are other sources of inventory finance that actually provide finance as opposed to just promising it like SYME.

SYME actually paid £7 million upfront for Tradeflow in cash and shares. It has to pay additional deferred consideration depending on revenue targets.

If your right and it has to pay another £24 million in cash or shares for deferred consideration to meet the £31 million valuation of Tradeflow you cite.

SYME doesn’t have the cash and £24 million in shares would be rather dilutive unless share price increases dramatically.

All will be revealed soon.

Hughez87 Reposts his out of date list of News which airbrushes Jim Coyle the Chairman for under 4 months off the list

No IM news so Mercator loan repayment for March 2020 becomes £678,000 CLN for Mercator to sell .

Mercator hadn’t sold any of Feb 2020 CLN when last conversion RNS issued.

So plenty more golden tickets up for sale.

Stock trades at discount to nav. It can take time for market to respond to such issues for a small cap with a low float but I brought some more today because I can be a patient holder of an undervalued stock.

Further increase in dividend which is a positive.

Clearly some challenges in Sweden with customers transferring to cheaper rival which may have improved in 2022 and old L&G business in Holland has issues which is why It was sold.

2022 interims will hopefully reflect benefit of two acquisitions one of which is huge for U.K. business.

2022 will see increase in scale and profitability once two acquisitions complete

Overall group looks to be in a good position