Member Info for Theanalyzer

Mick 2

Tradeflow has a number of strong positives.

It has credible management, actual funds under management, systems that work and thus is able to enter into deals as a provider of supply chain finance to groups like DP World.

I just don’t think it is worth for £31 million of market cap ignoring any deferred consideration payable.

Huhez87
A listed company holding back positive information from the market?

I remind you that SYME published a reach RNS i.e a non financially significant RNS on Tradeflow debt being listed on a new exchange in Switzerland. Hardly holding back news is it?

You are a desperate ramper.

We know that Tradeflow’s revenue for first six months were only £272,000 so the £31 million valuation ( over 50 times then annual revenue) clearly assumed a lot of further growth and so far only announced new funds actually raised are $40 million of debt.

SYME only paid £7 million upfront for Tradeflow. How does your market cap argument reflect the unknown deferred consideration which could be £24 million if SYME actually contracted to buy Tradeflow for £31 million?

If Tradeflow was really doing so well why aren’t SYME providing better publicity to help SYME’s share price or paying off loan in cash rather than shares?

I suspect that Tradeflow remains a sub scale fund manager but all will be revealed at end of April.

Sales materially below expectations not a great start to RNS.

No wonder CEO was tight lipped on initial sales.

Let see how things develop with influencer programme.

Tex2374
The March loan repayment for £678,000 is due in a few days so highly likely to be converted given no news on IM and I said

SYME won’t officially announce issue of CLN issue until end of April but I suggest that it’s pretty much nailed on certainty.

Yes that is among as assumption which is why I said due soon but I’m highly confident that there will be two months CLNs outstanding in under a week.

Time will tell who is right on this topic.

Shock trooper yes Jan CLN now fully converted by end of March. You now have Feb CLN to sell plus new conversion for March due in around a week so that £1,35 million of shares to hit the market.

Once these get converted and sold let’s see where the share price is.

So the least £178,000 equated to 0.9% of the company has been converted.

Whole of Feb loan payment via CLN remains outstanding.

March loan repayment due in a few days time.

Myth that certain bulls put around that SYME was no repaying in cash destroyed for now.

Another bad day for LTHs

40 dumped in two trades already today

Is it a large PI holder or is it Mercator?

SYME has until end of April to publish its year end accounts being 4 months.

Under COVID rule relaxation it could like all Companies ask for another 2 months but I think that is highly unlikely to occur and SYME has already stated end of April. So end of April just over 5 weeks to find out what Directors have achieved financially plus their updated outlook.

SYME doesn’t issue quarterly reports so not sure what MRRR is alluding to unless he means Tradeflow funds updates.

BP Marsh backs a senior broker in a new start up.

Could it be another success, let’s hope so.

In the RNS on that day it stated it “has attracted funding from banks, hedge funds, family offices and other similar financial institutions.”

Given absence of any SYME IM to date that statement hasn’t aged well to put it mildly.

I suspect April strategic review will see refocus to Tradeflow platform only and see exit of AZ before loan arrangements end in July 2022 when he would have to reveal the effective sale of his shares in SYME at higher prices Shareholders will be left with Tradeflow business which can attract funding and deliver deals but needs to grow further.

Tradeflow is generating the only real news flow for SYME. SYME announcements never result in any completed financing just more talks and excuses of why previous deal has had to be amended.

TrevorBrooking

I expect that Tradeflow funds charge interest and fees to clients and this goes to the fund they manage. From that they have to pay returns to debt investors, Tradeflow fee and profit commission and equity fund holders get residual return. I suspect fund also picks up cost of insuring the cargo and certain other operational costs. Tradeflow would pick salaries, property and other costs of running Tradeflow and bear risk of expenses exceeding revenue when operational is small.

Guitarman has his theory of how big revenue is but we know that maximum Tradeflow revenue for second half of 2021 will be only £0.5 million (full year forecast revenue of £0.8 million less first half revenue of £0.3 million). We also have seen no RNS of new funds actually raised yet as opposed to talks about new funds being raised. The was $40 million of debt raised on US fund of $40 million but that is all.

If there is only $40 million of money to finance inventory it doesn’t matter whether it finances 1 item of $40 million for a whole year or 10 items of inventory of $40 million for 36 days each the interest payable to the fund by the end customers is the same as will be TradeFlow’s management fee.

Guitarman will I suspect be disappointed in five weeks time when accounts are produced and all is revealed.

Elllltelinv
I am self employed and I work for myself. I also have a long only investment portfolio, I don’t trade or short as it’s too risky in my view.

I hope that SYME is a success and as I told Guitarman I may well buy in once I can see financial signs of success but not before.

Yes RNS was a positive but a non financially significant positive but Guitarman was shouting about it like UBS or Credit Suisse had launched a huge new bond offering.

I have been negative about SYME to date but I have in last two years saved myself a lot of cash by not investing as yet.

A RNS Reach announcement is for non price sensitive information but to SYME believers the company is now worth more based on a non price sensitive release.

A classic Standard List and AIM company technique to boost share price.

It’s a Reach RNS which means that it is not financially significant.

I suppose that AZ has to feed his fans a crumb or two to encourage to buy more or hold.

It means that any punters who are on the start up alternative asset platform will have the ability to trade the Tradeflow bond. No new monies have been raised.

I wonder if Mercator will be selling today?

Yet another Tradeflow related partnership link up still nothing on substance on SYME business.

Notice that as usual no financial details are provided about the size of bond that has been listed.

Smat is a FinTech start up and it is a classic promotional deal with two new start ups both shouting about a small deal.

Good to help SYME bulls to pump up share price though.

The spin off will allow VCT and EIS investors to buy which are long term holders because if they sell early they get no tax relief. EIS and VCT funds are good investors for such a fledging business because it’s too small for IIs at present. The lock up of Opti distribution in specie shares will prevent a rapid sell off.

So financial engineering to attract long term investors and to raise cash to accelerate product roll out.

Overall a positive if it gets the valuation intended

I don’t agree with Guitarman on everything about SYME but he does make some very good points, such as

Investing is for the long term
Diversify your portfolio
Investing involves making assumptions about the future
Positivity about your investment- if your not positive why are you still holding?
If IM is delivered SYME share price could multi bag
Tradeflow has strong credibility in its sector reflected in its ability to sign up quality deal partnerships.

Guitarman
TradeComm is a partnership between ICC and Finastra a rival FinTech group not Tradeflow but why let facts get in way of a good old ramp eh

The valuation issue for Tradeflow is not just potential business volumes which has been increased by DP Cargoes and ICC deals it is a lack of funding the same issue as SYME has. So far I can only see additional $40 million of capital raised which earns Tradeflow extra $600,000 revenue per annum so not huge. It certainly doesn’t support £31 million valuation.

Perhaps new finance will come but if it does before 2025 SYME have to find potential £24 million of contingent consideration payable in cash or SYME shares.

The bulls look to trade volumes processed not funds on which Tradeflow earns its fees and are thus over valuing Tradeflow and then don’t reflect cost of contingent consideration either.

All will be revealed in year end accounts in April.