Member Info for Theanalyzer

The non exec chair basically runs the Board of Directors and with CEO shapes the strategy of group. Ultimately if CEO isn’t performing it’s the Non Exec Chairs role to fix the problem.

A hugely credible new Chairman - HSBC and Lloyds Bank wouldn’t appoint anyone but a top draw person to those type of roles.

SYME should respond well today.

Overall debt reduced and significant drop in interest rate burden.

Next a dramatic cut trim in U.K. head office costs because disposal of Jackson business means a much smaller group function is needed as there is already a regional head office in Hong Kong.

My Segro share have generated a very healthy return since I bought via Primary Bid placing. Only wish I had bought a lot more. A well managed company in a good space.

Squad
Agree with your post and after today’s trading SBTX increased in value and Opti dropped thus further reducing value attributed to Opti products.

I suspect early over estimation of pace of revenue growth and reaching profitability have created some negative perceptions as does fact that some holders ( including me) are holding at losses at current prices .

I intend to hold because with the type of revenue growth being experienced year on year breakeven and then profitability for Opti (ex SBTX) is not far away.

A good RNS this am provides further validation for the science behind the product and opens up another market.

Guitarman 100. You sound a bit stressed. Hope you are not over exposed to this one share . Bulletin boards are for comments both positive and negative.

Grouch.I did learn that excel was one of the most used software tools in supply chain finance and more importantly that you can import excel into blockchain which obviously deals with the security and data manipulation risk of using excel.

So I withdraw my comment about the use of excel. Perhaps SYME presenter thought everyone knew these two facts.

SYME listed in March 2020.

More than 18 months on
No Funding for its own IM and thus business isn’t scaling in client and revenue terms (in fact some clients are getting refunds)
No well known tech investor backing company - one of the more damming facts in my view
No major well know U.K. IIs backing it (Hargreaves Lansdowne, AJ Bell and similar only represent PI money)
Has to resort to death spiral funding for cash to stay afloat
Supposed cutting edge IT that involves use of excel spreadsheets per demonstration
Numerous missed deadlines
Restated accounts for IPO error and revenue recognition
Suspended on LSE due to bungled change of year end
Unusual stock lending arrangements by CEO and founder
DW resigns as Chair and sells some of his holding (why would sell out of a multi billion pound business)
No case studies for the two alleged initial IMs that have apparently already happened

The key positive was buying Tradeflow because at least they have a business that is up and running @although is very small in terms of funds under management based on first half turnover of under £300,000).

Having met some of team at investor show I liked what I heard about lean management infrastructure and fact that group now has good source of free cashflow following recent acquisition.

JP66 is correct Tradeflow is included in 31 December 2021 forecast revenue (but only from 1 July I.e. post acquisition to 31 Dec 2021) as clearly set out in RNS. Treadeflow should be good for £600,000 plus in second half of year given run rate in first half and addition of new funds of $40 million at 1.5% fee. So SYME CIM revenue is forecast to be the balance.

Mick2. The issue is that David Bull didn’t spot the issues at PCF Group who shares remain suspended with a bigger loss than initially expected from sorting out the financial mess that occurred on David Bull’s watch as CFO. How you do translate that into a positive?

If you are trying to build credibility with potential financial backers why would you appoint someone as Audit Chair who he left previous CFO role with shares suspended pending a restatement of historic figures?

Anyone want to write a glowing report for David Bull?

Vive bank is deauthorised and PFC Group where he was CFO shares are suspended as they try and sort out the financial mess that occurred under his leadership.

Anyone want to write a glowing report for David Bull?

Vive bank is deauthorised and PFC Group where he was CFO shares are suspended as they try and sort out the financial mess that occurred under his leadership.

Strangemartian
41 million divided by 35,388 million multiplied 100 or 0.115%

Oneself. You need to do a bit more research. The second largest holder is Hargreaves Lansdowne at 20.1%. This 20.1% is all PI money because HL don’t invest shareholders money into individual shares. AJ Bell is also on the list which is the same at 3.7%. These are holdings via nominee companies.

Lseking acts like child, probably overly invested, worried about exposure and hence shouts down any comments that aren’t positive. He and a few others endlessly try and ramp SYME.but the reality that AZ has to date only really delivered on Tradeflow acquisition and even on that the funding used cratered the share price.

The platform sector has already seen lots of M&A activity.

II has brought TD, Alliance Trust operations and Share Centre, Lloyd’s Bank brought Entrust, M&G purchased Ascentric and there are other deals in market as well.

HL as market leader in Direct to Customer but II catching up fast due to multiple acquisitions.

Hughes87. You are missing a few upcoming events.
1 Whether SYME pays the monthly principal and interest on the new ARC loan in cash or issues CLN at end of month instead. This could be an interesting signal about how confident SYME is about IM in near future. If SYME pays cash perhaps IM is close and future cash position is less of a challenge.
2 Does SYME get £2 million extra loan facility from ARC (it was due 60 days after original loan and subject to conditions.

The best of the Video on their platform demonstration is when demonstrated refers to Excel spreadsheets.